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Infiniti G37 Lease Questions

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Comments

  • kapkanimdkapkanimd Posts: 68
    relax, it usually take a few days after the 1st for the new information to start circulating, plus the people that are kind enough to post them get hundreds of requests
  • kingpcgeekkingpcgeek Posts: 985
    The acquisition (bank) fee is not correct, that is $700. You could have figured that out yourself by going to the Infiniti web site and looking at the lease deals. There is no such thing as a correct dealer fee unless you are buying in California which limits them to $75. Every dealer can set their own dealer fee, which is almost pure profit. Florida has the highest dealer fees in the country.

    You need to ask the dealer yourself if the $3500 has been applied, we have no idea if they have done so. The price you gave us is the MSRP, I am sure that is not the real selling price. Don't put anything down, as in zero. At most put down the first month's payment.
  • kvl1027kvl1027 Posts: 17
    edited July 2013
    The current rates as I was told on a G37 Journy Prem w/Nav

    36 months and 15K miles
    MF 0.00033
    Res. 55%

    Residual on an Identical Lease @ 12K miles would be 57%

    They are also still offering $1000 in loyalty and $2500 in Lease Cash Incentive.

    Based on these numbers and the need for dealers to move G there are going to be some good deals out there, but unfortunately the dealers in my area are not being very aggressive. The offers I'm getting are higher than what I was offered over two years ago when there were less incentives and MF was 0.00189. It's crazy and I just dont understand what is going on. If anyone knows of some agressive dealerships in let me know.
  • woodsdrumswoodsdrums Posts: 12
    edited July 2013
    I wanted to share the information on the deal I got on my G37 Journey Coupe on June 29, 2013 and see what you think. It has the following options:

    Premium Package
    Navigation Package
    Performance Tire & Wheel Package
    Interior Accents Package
    Illuminated Kick Plates
    Trunk Mat, Net, & First Aid Kit

    Here's the deal:

    MSRP: $48,195
    Agreed upon value: $42409.71
    Acquisition Fee: $700
    Doc Fees: $80
    Gross Capitalized Cost: $43189.71
    Capitalized Cost Reduction: $1017.49
    Adjusted Capitalized Cost: $42172.22
    Residual Value: $27953.10
    Depreciation Amounts: $14219.12
    Rent Charge: 2272.12
    Rebate/Incentive: $1000
    Due at Signing: $1000
    Registration Fees: $370
    Tax on Cap Reduction: $77.25
    Electronic DMV Filing Fee: $29
    Total Monthly Payments: $16491.24
    Number of Months: 36
    Mileage Allowance: 12000
    Monthly Payment: $458.37
    Monthly Sales Tax: $34.36 7.5%
    Monthly Payment Total: $492.45

    They also forgave the last month's payment ($497) on my old 2010 G37 Journey Coupe that I returned to them, did not charge me the $395 end of lease disposition fee, and forgave $500 worth of wear and tear. I believe I got a pretty good deal, but I'd be interested in any comments you may have on this deal....
  • This deal doesn't look that great to me. You had to pay tax on a cap reduction? Why do a cap reduction at all? Most important, that rent charge should be about $22. Someone else can correct my lousy math, but I suspect they stuck a couple of zeroes on the end. What's your money factor? I would ask them to, at least, reduce the cap cost by the $1,000 they are charging you for cap reduction. Good luck! (Oops, I just read your "the deal I got". Guess it's a done deal.
  • kyfdxkyfdx Posts: 29,851
    Looks like your money factor is about .0009

    I don't know the actual numbers, but if that is the base rate, it looks like a pretty good deal...

    For clarification....

    I think the lease rebate has to go towards a CAP cost reduction... and, you either pay tax on money upfront, or in the monthly payment (in California and most other states), so the tax thing is a wash...

    $500/mo. with $1000 due at signing for a $48K MSRP car looks pretty good... especially for a coupe, which doesn't have as strong a lease program as the sedan...

    Looks like you got out of your other lease with no damage, as well..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kingpcgeekkingpcgeek Posts: 985
    They also forgave the last month's payment ($497) on my old 2010 G37 Journey Coupe that I returned to them, did not charge me the $395 end of lease disposition fee, and forgave $500 worth of wear and tear.

    Just an FYI, the "they" is IFS not your dealer being altruistic. Currently IFS is waiving the last three months of a lease, and they always waive the $395 disposition fee and $500 wear & tear or excess mileage charges if you re-up with another lease.
  • I am considering the purchase in California of a 2013 G37 Coupe with Premium Package, Navigational Package, Interior Accent, Rear spoiler, Midnight black grille, Performance Tire and wheel pkg, and Graphite Leather Seat Trim. I was comparing this against the BMW 3 series. The retail is $48,515 and I was able to get a purchase price of approx $41,700 via 3 dealerships. The purchase price is not the issue as I can buy it in full without a loan if necessary. The issue is that I don't think I'll want it for more than 3-4 years. Anyway, the lease pricing so far seems unsatisfactory to me. I received from one dealer :

    A) MSRP $48,405
    Your Price: $41,775

    24 Months/12,000 miles per year; 67% Residual/0.00017 MF $905 due at signing. $470/month including tax
    36 months/12,000 miles per year; 58% Residual/0.00068 MF $924 due at signing. $488/month including tax.

    B) Dealer 2 gave me the following to plug into at Edmunds without specifying anything about tax:

    MSRP : $48405
    Invoice : $44740

    Sale Price: $42500
    Title, Reg $385
    Doc Fee $80
    Acquisition fee $700

    All at 12,000 miles a year oer your request
    24 mo .00017 Money Factor 34431 Residual
    36 mo .00068 Money Factor 28074 Residual
    39 mo .00074 Money Factor 27590 Residual (the best senerio)

    1) Are either of these two good deals good considering my credit rating is Excellent (above 800 I believe)? I feel based on other scenarios I've read around the internet I should be putting about $399 including tax and maybe 1000 down. Am I being unreasonable or is this upper 400 range they are giving me reasonable. I just don't feel they are considering the purchase price, but I admit I'm a little weaker regarding lease calculations. I'm still waiting for a 3rd dealership to respond.

    2) I understand the depreciation over 3 years, but would it not be better to still buy outright if I can and then trade in 3 years since I'll save on the interest knowing if for some reason I decide to hold onto it longer, its within my power?

    Any advice would be appreciated. I want to know if I'm being unrealistic.

    Thanks!
  • kyfdxkyfdx Posts: 29,851
    I understand the depreciation over 3 years, but would it not be better to still buy outright if I can and then trade in 3 years since I'll save on the interest knowing if for some reason I decide to hold onto it longer, its within my power?

    Do you think you can sell that $42K car for $28K at the end of 36 months? Seems doubtful to me...

    Also, not sure how you are going to save on interest? If you buy the car, don't you have to pay interest on the loan? (or opportunity cost on your cash, if that's how you are paying).

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • tennisplayertennisplayer Posts: 3
    edited July 2013
    Thanks for the response. If I pay in cash, I wouldn't have a loan. I would be paying the total all at once. Not being a finance major, I'm not sure how one would calculate an opportunity cost with my scenarios. As far as the sale at 28K, I have no idea lol, which is why I normally trade in my car and use KBB or sites like this as leverage for what I should get for trade in. I just know since I already own a G35 from 2003 that as much as I like the new G37, I def wouldn't want it for more than 3-4 years which is why I dont think I should purchase in full.

    I guess my question is a more general one. Based on the sale price in the low 40s with a 36mo lease, what range would one expect to be a good deal for the monthly payment? Since I posted this I believe the best deal I have received is 36 months, $983 drive off (down) and monthly $457 or zero down and 486/mo which is basically the same thing ($60 difference after 3 years). I believe both include tax which here in CA is ridiculously high. What is the lowest I should expect to pay for this type of scenario or am I already at the low end of things and this is already a good rate which would mean my $399 per month including tax I was hoping for based on some other forum posts would be unrealistic. You thoughts?
  • alcast082alcast082 Posts: 3
    Much appreciated, Thanks for the input. ;)
  • dcf1955dcf1955 Posts: 13
    @tennisplayer...re your general question of leasing vs buying outright:
    1) Leasing is a form of option contract whereby you have the option of putting the car back to the manufacturer at a set price, hence they are assuming all price risk. If the price is higher than what they set the residual - you buy it; if lower, you hand it back and its their problem. If you buy it outright, you assume all price risk. Think early 2000 Ford Explorer ("Exploder").
    2) Inflation is running ~2%. Borrowing at less than inflation is called positive carry. Effectively you are borrowing below 0% real interest.
    3) If you buy the car for $42k upfront, you lose out on what you could earn on that cash over the course of the loan. Very conservatively, you should be able to make more than what the current MF rate is, less inflation.

    Leasing makes sense when the MF rate (cost of money) is below inflation and the residual is high - as is here with the current G lease deals. You still have to negotiate a good selling price though.
  • Thank you for the explanation. I was able to get the 36 month rate down to $411 using a form of prepayments for 6 months thanks to my back and forth with a reputable salesperson. I'm a happy camper now and I think I'll be moving forward with the lease. Thanks again.
  • scottsdale27scottsdale27 Posts: 2
    edited July 2013
    Hi, First time poster. Looking at a G37 Sedan. The "best" deal the dealer says he has out the door with all fees is 520.11 a month for 24 months. Premium and Navigation. He has 37 units in stock. Paying cash upfront, all at once, no trade. Seems this is completely off the charts with what others are paying..... a total of $12,482.64 when other deals apear to be going in the high 10,000- low 11,000 range. I am relocating and buying from out of state so I dont have the advantage (or disadvantage) of going to the dealer.....any thoughts on where I should be? Thank you in Advance
  • kvl1027kvl1027 Posts: 17
    I have been offered $435/month out the door with only $435 due at signing and my trade free and clear on a 15K 36month lease.

    I still haven't taken this deal, because I think I can better and this deal is way better than what you have been offered. I think you should walk and tell these people where they can stick it! That is a terrible deal with the current rates and incentives.

    Buyer Beware!!!!
  • stixpixxstixpixx Posts: 10
    Carman,

    I am going to make a deal tonight on a G37 Journey/Premium. The dealer is saying they have 24 and 39 month leases. I saw in earlier posts that the July Residual, money factor for 36 months are 55% and .00033 repectively. Do you have the numbers for 39 month lease Tier1. Thank you in advance. I have used these forums for my last 3 leases.

    Rafael
  • stixpixxstixpixx Posts: 10
    Forgot to add 15,000 miles per year
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kapkanimd. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37 Sedan Journey with 12,000 miles per year are .00016 and 68% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 G37 Coupe are .00017 and 67%.

    Infiniti is currently providing a $2,500 cash incentive on leases of both of these cars.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi zzooioozz. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37X Sedan with 15,000 miles per year are .00004 and 66% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00036 and 57%.

    The lease cash on this car is now $2,500.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey boone23. Infiniti hasn't published a lease program for the Q50 yet.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 28firefighter. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37X Sedan with 10,000 miles per year are .00004 and 69% for consumers who qualify for its top credit tier.

    When negotiating your deal, make sure to take advantage of the $2,500 cash incentive that is currently available on this car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome radtrax. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37 Coupe AWD with 12,000 miles per year are .00033 and 68% for consumers who qualify for its top credit tier.

    There is a $2,500 cash incentive on leases of this car right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Rafael. Infiniti Financial Services' July buy rate lease money factor and residual value for a 39-month lease of a 2013 G37 Sedan Journey with 15,000 miles per year are .00033 and 55% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • whatsarezafwhatsarezaf Posts: 4
    edited July 2013
    Hi Guys,

    Can you give me MF and Residual for a 2013 G37 Convertible? I'm also curious of prices paid and any incentives that are currently available. I'd prefer 36 months unless 39 month is favorable.

    Thanks!
  • radtraxradtrax Posts: 19
    Thanks again Carman!

    I'm going to be pulling the trigger this month on either a Journey or AWD coupe (finding it more difficult than I expected to find the AWD coupe I'm wanting in Florida ;-)

    I'll be coming out of an Anniversary Edition sedan, and as such, plan take full advantage of the Loyalty Payment Waiver program - as well as the additional $1000 Loyalty Dealer Cash. I'll post up how the deal goes down for those who are following.

    Just to confirm, the numbers for an otherwise identical lease of a 2013 G37 Journey Coupe are .00017 and 67% - correct?
  • jasonftljasonftl Posts: 2
    Hey Car_man, would you have the money factor and residual on a 2013 G37 Sedan Journey 24-month lease with 15K miles per year?
  • jpark1228jpark1228 Posts: 5
    edited July 2013
    Carman,

    From your numbers, I'm looking at a 45475 MSRP G37X Sedan. I plugged in the numbers to Edmunds' Auto Lease calculator and the monthly price is way lower than I expected. Does this make sense to you?

    I plugged in:
    Vehicle Sales Price: 39000
    Title Fees: 500
    Incentives: 2500
    Down: 0
    Lease Term: 24
    Miles: 10000
    Residual Value (45375 * 0.69): 31308
    Money Factor: 0.00004
    Acq Fee: 700

    Monthly Payment: $288

    I find this hard to believe. Did I put the Sales Price too low? Is this unreal? I only got that number from the deals I've seen on this forum for a MSRP 45375 Infiniti G37X Sedan Auto.
  • jasonftljasonftl Posts: 2
    I've been interested in a G37 Journey for a while, particularly with all the incentives available now that the Q50 is scheduled for arrival on 8/5. Right now, however, I'm in month 33 of a 39-month lease on a Nissan through Nissan-Infiniti Financial Services, and I'd like to get out of it if I can. Even though Nissan and Infiniti are divisions of the same company, and I've been told that leasing a new Infiniti would entitle me to the same disposition fee/excess wear-and-tear waiver that I'd get from leasing another Nissan, I'm also being told that I don't qualify for the 3-month pull down that Infiniti is offering to previous Infiniti lessees, or the $1,000 in loyalty money. Maybe I'm being unrealistic, but you'd think that Nissan would want to do anything possible to get its loyal customers to "move up" to its more expensive marque.

    I hadn't intended to buy the car once the lease ended---the residual value is $18.2K, and the approximate trade-in value is about $17K. Right now, with the remaining lease payments, the payoff is $21K.

    This is my first lease, and I'm unfamiliar with negotiating buyouts. Any suggestions? In your experience, what can be done to mitigate the potential termination fees in a situation like this (other than just "rolling" what is owed into a new transaction). I'm willing to pay a bit more to get into a better car, but do you think I'm better off just holding on to the car I have and taking my chances on whatever lease deals Infiniti might have in six months?
  • kapkanimdkapkanimd Posts: 68
    He posted the 12k mi numbers: 2013 G37 Sedan Journey with 12,000 miles per year are .00016 and 68%

    so for 15k mi you subtract 2% from the residual (so it is 66%).. the money factor doesn't change
  • bashiqbashiq Posts: 2
    1st time poster. I'm in the market to lease a 2013 Dodge Charger SxT. I don't mind the base car, but every dealer I've been to wants to push the SXT with extra packages. Wanted to know what a good deal on the SXT would be. For a sticker price of $34,000, I've been quoted anywhere from $419 to $565, with $1,000 out of pocket. Also, can anyone tell me what the July 2013 money factor and residual rates are for SXT's. thanks
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