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Infiniti G37 Lease Questions

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Comments

  • anjony1anjony1 Posts: 10
    Forthill,

    It is for 10k miles. Due at inception includes tax. In NJ, we prepay the tax (instead of charged monthly) or I could roll it in the cap cost. I prefer to pay it up front since it will accrue interest if I roll it in.
  • anjony1anjony1 Posts: 10
    jdg1

    I have seen somewhat the same ad here in NJ. But it also had a cap cost reduction of 2499 I think. Plus some other loyalty with dealer of $1500. So it becomes expensive right away.
  • zzhhzzhh Posts: 6
    G37x AWD with wood trim ..I think the cash selling price was around 36700. This was in NY where the tax is about 8.5%... 15000 miles 39 month lease...only first month + bank fee + DMV etc... total down at signing ~ $1300 for 506 month..? I think this was a good deal... please let me know... the MSRP was 38875.
  • jdg1jdg1 Posts: 7
    this ad said $0 down then in small print had the bank fee, admin fee and it said that it included the loyalty discount of $1000.00. Didn't say anything about cap cost reduction...

    the only thing that would be added to the $399.00 payment would be taxes I believe.
  • Hello zzhh, That seems like a really good deal. But it doesn't matter what we think. If it works for you and you're happy is all that counts. Some people may pay less and some may pay more. The bottom line is, are you happy with your deal. Remember, dealerships/sales people are supposed to make a profit. If not Infiniti will be in the same situation as GM, Chrysler. Enjoy your new Inifniti :)
  • mnomno Posts: 6
    Ok this is one of the offers I got from a dealer around me in SoCal. Let me know what you guys think and if I should jump on it. Also do you guys thing getting the AWD Sedan with Prem Navi would have a major difference in price?

    2009 G37 SEDAN JOURNEY 4DR AUTO
    BLACK OBSIDIAN, GRAPHITE
    NAV
    PRM

    MSRP - $39,405.00

    Leasing:

    39 month program, $1,300.00 Drive off, 10k miles, $431.95+tax
  • richardnvarichardnva Posts: 74
    Infiniti is currently offering a reward to current Infiniti owners if they get someone to buy a new Infiniti.

    I just purchased a new G37 and am looking for a current Infiniti owner that has a referral redemption code. If you have one, please email me

    More detail at

    http://infinitiusa.com/rewards

    Infiniti will send you a $150.00 owner recommendation rewards card (American Express)

    Please send me an email to tiffandrichyahoo.com
    the following info:

    Owner redemption code (located on the offer card you received in the mail)
    VIN
    First Name
    Last Name
    Street address
    City
    State
    Zip Code

    Thanks!
  • mman710mman710 Posts: 4
    Hello all. I am currently leasing a 2006 G35x that is due back in early December. Unfortunately, I am only about 1000 miles from the mileage allotted in my lease. Obviously, if I keep the car until December, I am going to probably go over the mileage by a fairly sizeable margin. At 20 cents a mile, it'll probably end up costing me somewhere between 500-1000 dollars.

    In your experience, will dealers ever take back a car toward the end of a lease before the lease has expired if you are willing to get a new car? I am not 100% sure I would get another Infiniti, but I have liked the car a lot and I will definitely consider another one. I turned in a Nissan early to get this car, so I figure it might be possible...

    Would they cut such a deal before the lease expires? I have 5 months left, which is a fairly long time...
  • snagielsnagiel Posts: 750
    I'm not sure about Infiniti, but with Honda (I have a current Accord on lease, scheduled to end in September), I recently received a letter saying I could purchase or lease a new Honda or Acura prior to the end of the lease and they would essentially cancel the rest of it. Too bad I'm not terribly interested in the TL...

    You may need to wait a couple of months before it's possible, but it certainly wouldn't hurt to call and ask a dealer (or the leasing/finance center directly).
  • kingpcgeekkingpcgeek Posts: 985
    Its not up to the dealer, they are not the one leasing you the car. Its up to Infiniti finance. I have heard that from time to time they run promotions to waive the last few months of a lease to get you into a new lease. But there has not been such a promotion for a while

    You can always turn a leased car in early, just like a car you are buying. They take the payoff value from Infiniti and then market value and you pay the difference if upside down (in most cases) or you can use the excess value in the new car deal. That is what you did with your Nissan.

    With regards to excess mileage charges. At the end of the lease if you lease another Infiniti they will waive $500 in excess mileage charges and or damages. Something to keep in mind.
  • anjony1anjony1 Posts: 10
    Hi Carman

    Can you please provide the residual value and MF for a G37 sedan and coupe? Also I believe there are different rates and residuals for 36 or 39 month leases. I would appreciate your response as I am getting close to the deal and would like to know if their rate is inline with the published rates.

    Thanks
  • mnomno Posts: 6
    I found this by googling.

    2009 Infiniti G37 Base Sedan – 6/09
    24 Month – Residual 58% of MSRP – .00300 Base Rate
    36 Month – Residual 57% of MSRP – .00127 Base Rate
    48 Month – Residual 48% of MSRP – .00165 Base Rate
    60 Month – Residual 41% of MSRP – .00201 Base Rate

    2009 Infiniti G37 Journey Sedan – 6/09
    24 Month – Residual 56% of MSRP – .00300 Base Rate
    36 Month – Residual 55% of MSRP – .00127 Base Rate
    48 Month – Residual 46% of MSRP – .00165 Base Rate
    60 Month – Residual 39% of MSRP – .00201 Base Rate

    2009 Infiniti G37 Sport Sedan – 6/09
    24 Month – Residual 56% of MSRP – .00300 Base Rate
    36 Month – Residual 55% of MSRP – .00127 Base Rate
    48 Month – Residual 47% of MSRP – .00165 Base Rate
    60 Month – Residual 40% of MSRP – .00201 Base Rate

    2009 Infiniti G37X Sedan – 6/09
    24 Month – Residual 57% of MSRP – .00300 Base Rate
    36 Month – Residual 56% of MSRP – .00123 Base Rate
    48 Month – Residual 47% of MSRP – .00157 Base Rate
    60 Month – Residual 41% of MSRP – .00202 Base Rate

    2009 Infiniti G37 Base Coupe – 6/09
    24 Month – Residual 63% of MSRP – .00300 Base Rate
    36 Month – Residual 61% of MSRP – .00241 Base Rate
    48 Month – Residual 50% of MSRP – .00241 Base Rate
    60 Month – Residual 41% of MSRP – .00238 Base Rate

    2009 Infiniti G37 Journey Coupe – 6/09
    24 Month – Residual 60% of MSRP – .00300 Base Rate
    36 Month – Residual 59% of MSRP – .00241 Base Rate
    48 Month – Residual 48% of MSRP – .00241 Base Rate
    60 Month – Residual 39% of MSRP – .00238 Base Rate

    2009 Infiniti G37 Sport Coupe – 6/09
    24 Month – Residual 62% of MSRP – .00300 Base Rate
    36 Month – Residual 61% of MSRP – .00241 Base Rate
    48 Month – Residual 49% of MSRP – .00241 Base Rate
    60 Month – Residual 40% of MSRP – .00238 Base Rate

    2009 Infiniti G37X Coupe – 6/09
    24 Month – Residual 64% of MSRP – .00300 Base Rate
    36 Month – Residual 60% of MSRP – .00236 Base Rate
    48 Month – Residual 49% of MSRP – .00232 Base Rate
    60 Month – Residual 41% of MSRP – .00238 Base Rate

    Residuals posted are for 15K miles/year. Add 1% to Residual for 12k mi/yr and 2% for 10k mi/yr on all terms
  • kingpcgeekkingpcgeek Posts: 985
    Should give credit where credit is due. The lease rates were copied from Leasecompare.com
  • sarmssarms Posts: 8
    I was wondering if Infiniti will allow me to extend my lease on a month to month basis? I have some minor dings and dents that need to be fixed that I can't really afford. Also, how strict are they when you turn your vehicle in as far as repairs and wear and tear, is it best to get it fixed first or just turn it in and see what happens? Thanks in advance!
  • jebelljebell Posts: 54
    Most finace companys will allow a month-to-month extension for a limited time, lexus is six moths. Usually it is better to fix dents and dings at a place other than the dealer.
  • sarmssarms Posts: 8
    Thanks for the reply!
  • mingo2mingo2 Posts: 3
    For those who want to know, I was quoted 59% residual and .0029 for a lease on the new convertible yesterday.
  • sam_ksam_k Posts: 113
    If you leased through Infiniti Financial Services (IFS), they will allow you to extend your lease on a month to month basis for up to 2 months. Just call them and tell them that you're not sure what you're going to do yet and you might lease another Infiniti. They will only extend it if you tell them that you might get another Infiniti.

    I wouldn't be overly concerned about the minor dings and dents. Wait for the pre lease return inspection before fixing anything. You can get it done with plenty of time before your lease is up to find out if you're going to need to fix anything. I went through the pre-lease return inspection on my 2006 Infiniti M45 that I turned in on April 30th. I had a ding in the door, scratches on the rear bumper and a really big gash on the corner of the rear bumper that was estimated by a body shop to cost $900 to fix (with a new bumper skin) and it didn't even show up on the pre lease return damage report. The only thing they hit me for was $130 for each of the 4 wheels for curb rash for a total of $560 + tax. Several other owners (and several salesman at Infiniti dealers) have reported that IFS is really strict about the condition of the wheels because wheel damage keeps showing up on the pre lease return inspection reports. Because I leased another Infinit, they will forgive up to $500 worth of damage to my previous Infiniti. After I got the bill which included about $47 in tax, I called to make sure that the tax difference would be credited after I applied the $500 damage credit on the $607 ($560 + tax) bill I received from IFS. It's about a $40 difference in tax between $560 and $60 so I wanted the tax credited as well. Well the customer service rep ended up waiving the entire bill. Big thumbs up to IFS for that one.

    Let's say you're not going to lease another Infiniti and the pre lease return inspection reports lists the dings and dents and an amount, you can go to your body shop and see how much they'll charge to fix them. If it's less than the amount on the pre lease return inspection report, then get them fixed and have the report redone. If not, just turn the car in and pay the bill from Infiniti.

    If you're considering leasing an Infiniti G37, there's $1000 lease owner loyalty cash so between the $500 credit and $1000 loyalty cash, it might worth it to lease another one. The $1000 loyalty cash is applied as a down payment (i.e. cap cost reduction) in the lease calculation. Here's a link to the incentives list from edmunds.com.

    http://www.edmunds.com/new/2009/infiniti/g37/101115176/incentives.html

    It was only $500 loyalty cash when I leased my G37xS back in April.
  • bucanolebucanole Posts: 18
    Is it possible to get out of your existing lease early without leasing a new Infiniti, and if so what are the typical penalties if any? I am well under the allotted mileage and other than a few minor scratches the car is in great shape, I just don't plan on buying the car at the end, to many minor issues that I don't care to extend and with that being the case would like to get out now if possible.
  • fraser42fraser42 Posts: 1
    I am looking to lease a new 2009 G37x with navigation. After some negotiation, these are the details of a lease on the table. 39 months and 15k miles a year.

    41,380 MSRP
    38,200 Selling price
    .00141 Money Factor
    55% Residual

    Is this a good deal?
  • dripdrieddripdried Posts: 2
    I'm looking at a 2009 G37xS demo with 5k miles.
    I've negotiated the lease on the new car from
    $42,425 to $38k and change (including loyalty $1k)
    How much can I hope to negotiate off the demo with 5k miles?
    Thanks in advance...
  • lfisher1lfisher1 Posts: 1
    the lender will want the balance of payments. your best bet is keeping it. You can call the lender and ask what the price is to buy it and if there is equity you can sell it and not have to pay sales tax.However, this is unlikely. another scenario is to see if the lease is assumeable and offer an incentive for someone to assume it. Just verify with the lender that your name comes off of it. You don't want any liability. preferred auto sales , costa mesa, ca.
  • How many months and how many miles per year?
    Which dealership gave you this quote?

    I got a much worse, 6MT convertible 39mos lease based on 12k miles/yr residual is 55%, factor is .00310.

    Thanks
  • djrobsddjrobsd Posts: 16
    My dealer called me today practically begging me to come in and talk, saying they were prepared to make their best bottom line deal for me. He said that sales are terrible this month and their inventory is high. Of course, in my eyes, he is just trying to lure me in. If you can't give me your best deal over the phone why should I spend my time going in there?

    Anyway, I was just curious if his statements are true, will Infiniti be making even bigger deals in July? Would they continue the same good deals money factor and residual wise on leases, while possibly offering more cash incentives to help with the down payment? One of the other Infiniti dealers that called me said they traditionally have a huge sale in July since that is a slow month for car sales.

    Just curious what everyone thinks? I have about 3k of negative equity in my trade in, and no hits trying to sell it on Craigslist, so I'm hoping Infiniti will have a killer cash incentive soon that could help me with the negative equity.
  • ajc2003ajc2003 Posts: 1
    Hi guys,

    I'm new to the leasing world and still have to understand quite a few terms. I have been browsing this forum, however, and the posts have been quite helpful. I'm now interested in leasing a 2009 G37 Journey with Premium, NAV and Sports Package. One of the dealers in the Houston area has responded to my query.

    MSRP. $41630.00
    Sales price $40032.58
    Taxes $500.00 ( 1.25% administrative fee for waiver of otherwise full taxes/ good thru tomorrow )
    Licence/tittle $189.05
    Lease acquisition fee $595.00
    Money factor .00190 ( includes gap ) subject to final approval
    Residual 54%/ $22480.20 ( 15000 annual miles )
    Payment $599.01/ $783.06 due @ inception ( 1st pmt & $184.05 lic, doc )

    This is for 48 months/15000 miles
    Is this a good deal or can I do better?

    I really appreciate all of your help.
  • djrobsddjrobsd Posts: 16
    That's a terrible deal. They aren't even selling the car close to invoice amount. I have a dealer here in Southern California willing to sell for $5k below MSRP.

    Money factor should be a little less too, i think the dealer is marking that up, but maybe since it's 15k instead of 12k..

    You should really look at 36 months anyway your payment will be much lower. You can always lease another one or buy it outright when your 36 months is up.
  • smrtshprsmrtshpr Posts: 4
    Anybody get the new money factors and residuals for July.
    Looking for both for G37x
    39 month
    12k/miles
    Dealers love to bump up these numbers for extra profit.
    Thanks in advance!!
  • djrobsddjrobsd Posts: 16
    smrtshpr, my guess is the numbers haven't changed. The lease deals they are offering for July on infiniti.com are the same as they were in June...
  • lauv10lauv10 Posts: 1
    i want to get into a 2 yr lease on a g37s sedan manual, although i have been getting quotes of around $700 per month. Anyone else have insight or good experience on 2 yr leases on this car, also i didnt see infinitiusa offering any lease incentives for the sedan currently.
  • djrobsddjrobsd Posts: 16
    You should not do a 3 year lease

    These are the rates for a 2 or 3 year:

    2009 Infiniti G37 Sport Sedan – 6/09
    24 Month – Residual 56% of MSRP – .00300 Base Rate
    36 Month – Residual 55% of MSRP – .00127 Base Rate

    If you go here, you can plug the numbers in for yourself and see where it shakes out:

    http://www.leaseguide.com/calc.htm

    $700 still sounds a little high. But if you're putting $0 down that might be right.
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