Last post on Jun 27, 2013 at 10:35 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Car Buying, Car Leasing
#32 of 46 Re: Naive about Leasing [rccbrandon]
Feb 13, 2013 (9:33 pm)
My first recommendation is to only deal with the internet sales people and only deal with them by email. First get the absolute best deal relative to invoice on any car on the lot (truecar is good for helping with this) then find out the buy rates for money factors and residuals. Also find out which dealer fees are mandatory and which are optional. Do not muddle the transaction by trading in a vehicle or purchasing any additional anything other than the vehicle itself.
Once you have the following information:
Selling Price after dealer discount and all incentives
Buy Money Factor
Miles / Yr
All applicable fees (lease acquisition fee, registration fee, etc)
**NEVER PUT MONEY DOWN ON A LEASE** (Also known as capital cost reduction)
Use a lease calculator to calculate the lease yourself and send the results along with the lowest quote you got by email to multiple dealers. Get the dealer to send back written verification of the entire deal. Only agree to visit the dealer in person once every last detail of the deal is ironed out.
Always remember that you have the power when you are dealing by email / phone. Once you are at the dealer they are the masters of wearing you out by taking hours and hours to agree to each concession and making you feel guilty.
Yes - this process is arduous, but if you are not so picky about the make and model and are willing to go for the best available lease deal and follow the steps above, you will save about 10% off MSRP compared to the typical dealer. You can lease $40,000 vehicles for under $300/mo and sometimes for only 24 months so that you get a new car faster.
#33 of 46 Re: Naive about Leasing [paperboyccc]
Feb 14, 2013 (9:18 am)
Thanks for the good info. Of course my eyes darted to the line about getting a $40,000 car for under $300/month. Which cars might those be? Other that going through forums on this website, is there another place I can see a multitude of current lease offers in one place? At this point, I still want something foreign, but are more interested in price than anything.
I'm definitely doing more work online/via e-mail this time. My current dealer has had me in so many times and offered bad deals, that is part of the reason I'm thinking about going to a completely different manufacturer altogether.
Feb 15, 2013 (4:08 pm)
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#35 of 46 Re: Naive about Leasing [rccbrandon]
Feb 15, 2013 (9:52 pm)
You can get an Infiniti G37. My local dealer advertises it for $259/mo. Some people got E class mercedes last month for $350/mo ($60k/car). Look through the forums and look at deals others are getting and look at advertised deals.
#36 of 46 Re: Naive about Leasing [paperboyccc]
by kyfdx@Edmunds HOST
Feb 16, 2013 (6:27 am)
Once you amortize the upfront money, the G37 lease is more like $400/mo..
Not a bad deal for a $40K car, but it isn't $269....
#38 of 46 Re: Naive about Leasing [paperboyccc]
by kyfdx@Edmunds HOST
Feb 16, 2013 (9:46 am)
Yeah... that's a good deal... we don't have RWD G37s around here..
The MSD program is great.... I did that on my wife's G37XS... saved around $60/mo....
#39 of 46 Re: Naive about Leasing [kyfdx]
Feb 16, 2013 (10:44 am)
Same here. Did the full 9 MSDs on my G37 and saved a lot. The deals back then weren't as good as they are now. My lease expires in six months but I'll looking for something bigger with a growing family.
#40 of 46 College Grad Programs
Feb 25, 2013 (4:52 am)
I'm in the research stages of deciding what my next lease will be. My current lease is scheduled for return in July. I recently graduated with my Master's Degree and what to take advantage of one of the College Grad programs that car manufacturers offer. I've looked and some of the dealer/manufacturer website, and most are pretty vague about what their programs offer. Has anyone leased a car through one of these programs? Which ones are worth looking into?
#41 of 46 G leases
Mar 12, 2013 (12:20 pm)
The G lease will be zero down by summer. It usually happens in July or August but with the new Q coming out late summer, I wouldn't be surprised if they go zero down on the G in May or June.
Late last summer Infiniti did a zero down 18 mo lease and sold a ton of cars.