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Infiniti G37 Lease Questions

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Comments

  • mnattymnatty Posts: 4
    Please share your thoughts on the below quote I received...I am especially interested in what I may be able to do to reduce the down payment. The monthly on the 24 mo. is great, but I would rather not shell out almost $5k at signing. Thanks!

    Stock#15402
    2013 Infiniti G37x sedan
    Exterior Color: Graphite Shadow
    Interior Color: Graphite
    Options:
    Premium Package
    Navigation Package
    Illuminated Kick Plates
    MSRP: $44,775.00
    Cap Cost: $39,800.00 (selling cost)
    Money factor: 0.00004
    Lease Info:
    24 month lease/ 12K per year
    $2,495 down plus taxes and fees (est $4,800)
    $289 per month (I do not think this includes sales tax).

    36 month lease/ 12K per year
    $2,495 down plus taxes and fees (est $5,300)
    $345 per month
  • kingpcgeekkingpcgeek Posts: 985
    Do not put that much money down! The money factor you were quoted is equal to a .096% interest rate. In other words they are loaning you the money for free. Roll everything into the lease.
  • mlee27mlee27 Posts: 2
    edited July 2013
    Hello,

    Can you give me MF and Residual for a 2013 G37 6MT sedan?

    Looking to do 9 MSD

    24 month and 36 month
    15k/year


    Thanks!
  • Roger that. The cheaper the money, the lower the drive off amount. If this is the sedan, this deal is close to what I received at the end of last month on a sport model. Mine was the equivalent of about $1,500 cheaper or $45/month, but that was because the nav was free, and I got a larger discount off MSRP. My mf was higher than .00004. Try to get something like $400 with nothing to drive off. Try other dealers and/or wait a couple of weeks.
  • mnattymnatty Posts: 4
    Thanks, wonderwarthog and kingpcgeek...appreciate the advice. Here's what he quoted me at various drive-off amts:

    $475.78 total due at delivery/ $475.78 per month
    $1,500 total due at delivery/ $431.20 per month
    $2,000 total due at delivery/ $409.44 per month
    $3,000 total due at delivery/ $365.91 per month

    I'm also considering a 2013 Sonata SE 2.0T...I know it's probably not apples-to-apples as far as performance/styling, but if I can get it for $260 with nothing down, I don't think I can justify another $215/mo. even for the extra 54 hp.
  • jpark1228jpark1228 Posts: 5
    Hey, if you look at my question above your thread, I believe there is also incentives ($2500?) on this car right now. You can knock off that sales price with this:
    http://www.edmunds.com/infiniti/g-sedan/2013/car-incentives.html
  • So for a G37 with premium 24 month lease we should be looking to hit $400 a month all in? Or plus fees? Right now I am looking at $11,000 total for a 24 month lease all fees included. The dealer has a significant number of units on the floor. When did the lease cash become available? recently?
  • jpark1228jpark1228 Posts: 5
    I'm not exactly sure when this lease cash incentive was from, but Edmunds says 7-2 until 7-31. I've read some people on forums talking about this since May however.
  • kvl1027kvl1027 Posts: 17
    You really need to do your research on leasing before you make a decision. There is more to the deal than the payment and the offer the dealer is giving you off the bat is never a good one. 475/month with zero down is way more than you should be paying.

    You can do a quick check to see how askew the deal really is:

    475.78/month * 36 months = 17,128.08. If the residual is 56% and the MSRP is 43,500 then Residual value is 24,360.

    Residual Value 24,360 + (your total payments) 17128.08 = 41,488

    Looks like a reasonable deal given the MSRP, but you shouldn't be paying MSRP you should be shooting for Invoice (41500) and then you get 2,500 in incentives which gets you to 39000. So you are paying ~2,500 more than you should be paying.

    Not exactly this simple, but its a good way to quick check the deal. The lease rate is so low right now, its practically free money and I'm sure the quote he gave you doesnot include taxes (because they never do)
  • kvl1027kvl1027 Posts: 17
    This is the deal I'm pushing for. If a dealer can't reach this or at least get real close, it's not a good deal to me. I have included all costs/fees as given by the dealer. The numbers make sense and I'm using the current rates. I'm trying to get a dealership to tell me why my numbers dont work, but none of them can explain why they can't match my deal. Or at lease get close. As you can tell, I'm pretty aggressive, but Infiniti called me asking to get me out of my lease soon.

    Lease Estimate Infiniti G37 Journey with NAV
    MSRP $43,250.00
    Capitalized Cost $37,900.00
    Dealer Fee $599.00
    Acq. Fee $700.00
    Lemon Law $2.00
    FL Batt/Tire Lease Fee $66.50
    Tag Transfer $55.00
    Cash Down $ -
    Incentives $3,500.00
    Net Capitalized Cost $35,822.50

    Money Factor 0.00027
    Residual Value Percentage 0.56
    Residual Value Amount $$ $24,220.00
    Tax 0.07
    Rental Charge $18.22
    Depreciation $11,602.50
    Lease Term 36
    Base Monthly Payment $340.51
    Total Monthly Payment $364.34

    Current Lease Pay-Off $24,210.09
    3 month pull-ahead ($413.00/month) $1,239.00
    Residual + Remaining Payments $22,971.09
    Amount for Trade $22,971.09
    Negative Equity $ -
  • orangekidorangekid Posts: 2
    Here was my deal yesterday:

    2013 G37 Sedan Journey
    Premium package
    Navigation package
    Interior accents package
    Kick plates, mats, etc.

    MSRP: $43,999
    Sale price: $36,395
    24 month lease
    12000 miles/year
    Residual of 69%
    MF of .00016
    $325/month (tax included)
    $500 driveoffs

    I traded in a 2010 G37 so I got the $1000 loyalty in addition to the $2500 dealer cash.
  • kyfdxkyfdx Posts: 31,133
    My local dealer advertises the following deals... In my experience, they will absolutely do the deal as advertised..

    2013 G37X Sedan with Premium pkg. $399/mo. with $739 due at signing... Only addition is sales tax (about $25/mo, here..)

    w/premium pkg and NAV, add $10/mo...

    That's for 24 month, 10K/yr...

    They don't stock non-AWD models, so no price points for that..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kvl1027kvl1027 Posts: 17
    Where are you located and which dealer?
  • torqued3torqued3 Posts: 1
    edited July 2013
    Can you quote the money factor and residual on a 2013 G37xS with Sport package? MSRP is $46.025 but looking to get below invoice on a 24 mo/15k lease. Possible? Or better for 36mo/15k?
  • tayhendtayhend Posts: 3
    I just leased a 2013 G37 coupe premium, nav, illuminated kick plates, trunk kit, interior package, and tire package

    Msrp: $48,405
    Term: 24 months, 12,000 miles
    $0 down (no money exchanging hands)
    $410 a month

    Feel like I got a got a great deal and happy to turn in my EX35
  • orangekidorangekid Posts: 2
    Infiniti Montclair
  • That's a fantastic deal--in fact too fantastic. What was their selling price? At $410/mo., the dealer took a large loss.
  • marasimmarasim Posts: 10
    edited July 2013
    Hi all,

    I am new here and would like opinions on a quote from dealer. Just as FYI, I leased and Infiniti G35 Coupe few years back but don't have one right now, so not sure if I can still avail the return customer incentive.

    Here is the quote:

    G37 Journey with premium package (no navigation) for 24 month, 10000 miles/year lease.

    MSRP: $41510

    Net Cap: $36086
    Acq Fee: $700
    Gross Cap: $36786

    Doc fee: $80

    Residual %: 69%
    MF: 0.00016

    Residual: $28641.90
    Total Base: $8395.38

    Per month: $349.81
    Tax: $30.61
    Total per month: $380.42

    Drive Off: $841

    I walked out and few days later got a call saying he can knock off another $1500 from the net cap.

    Do you think this will be a good deal after the $1500 discount?

    Thanks a lot for your time!
  • With the discounted $1500, this deal looks ok, but could be a little better. I figure your payment should be about $335. Make sure you're getting all the incentives available to you (described in this forum) and aim for a selling price no more than $200 over invoice. Subtract the incentives from that number and see what you get for selling price. Don't exceed that price. I think you should be able to get that payment down to at least $320/month, maybe $300-310.
  • marasimmarasim Posts: 10
    Thanks for your reply, so $310 including tax? And with same drive off $841 or with no drive off?

    By the way that drive off includes the first month's payment and DMV fee etc. so it is around $461 (after excluding the monthly payment).
  • jkipsterjkipster Posts: 65
    Your invoice price should be $38,586 assuming the $300 ICAP so their initial quote was right at the invoice before the IFS $2500 dealer cash. Subtracting another $1,500 from the net cap cost puts your payment at $312 @ 8.75 sales tax. I see no reason why you shouldn't be able to get your payment down to $300 per month or less with more negotiating.

    I got quotes close to 19% discount from MSRP at the end of June. Shooting for 18% puts your target sales price at $34,038 (another ~$550 off), with net cap at $34,738. Be patient and you may get that towards the end of this month if you can afford to wait. This gets your payment to $287.

    Also, put down a one month deposit at drive off to buy down your MF. That will add $300 to your drive off but reduce that payment to $280. You get that $300 back in the end.

    Also, some folks on here have suggested finding a current Infiniti owner to co-sign your lease to qualify for the additional $1,000 rebate. If you can do that and apply it to your drive off, you'll pay less than $100 when you sign.

    A sale price at $34,470 puts your payment at $300 with one deposit.
  • marasimmarasim Posts: 10
    edited July 2013
    Great information and thanks a lot for your input. The price I quoted was without any negotiation (the quote without $1500 incentive was with employee discount).

    I have few questions:

    1. What does it mean by buying down MF. Does it mean I am effectively getting the money for no interest if I put $300? How is the buy down calculated?

    2. I do have a friend who got a pre-owned dealer certified infiniti recently, can he co-sign the lease or does it have to be new car owner only? I am assuming he should have his car financed through IFS to be able to co-sign?

    3. Is it a good idea to trade in my used car. It is more than 10 year old car which may be difficult to get rid of on craigslist? What should I target as trade-in price (average of KBB private party and dealer?).

    Thanks for all the help so far, this is a great forum!
  • guedoguedo Posts: 23
    I am looking to lease a G37 Convertible.

    Truecar.com has quoted me 13.5% off MSRP
    MSRP - $54,055
    Truecar - $46,763

    What should I expect as a lease payment? My local dealership is notorious for robbing people blind and said that they would give me the "deal" of $499/mo plus tax (8%) with $4k down. The national ad deal is $507/mo plus tax with $4k (+/-) down. So with a discount of $7,200 from truecar (+/-) I am curious as to what to expect. The crooks also said that the discount includes a $2,500 rebate that applies to purchases only, not leases...true, or more theivery?

    Thanks in advance!!
  • un1263un1263 Posts: 4
    edited July 2013
    Would someone please give me the current 36mo/10K/yr lease numbers for the G37 convertible? 24 month would be nice too if its available.

    I currently have a '13 M37 so let me know about any loyalty money as well.

    Also, I wouldn't mind hearing what you lease gurus think is a great $0 down deal for a G37 vert with Premium and Nav.

    The MSRP on that car would be $54,055 and Truecars 'great' price at the moment is basically 47,000 if that helps. That's only 13% off MSRP on a one year old car so I don't necessarily consider that a great price myself as we head into August.
  • kvl1027kvl1027 Posts: 17
    I was able to get them to agree on $375/month (includ. Tax) with $0 down and only 1st payment at signing. I had 7 remaining payments on the lease, 3 payments were eliminated with the pull ahead promotion and my salesman called IFS to try to get the rest waived, but was unsuccessful.

    4 payments of 413 (=1652) were going to be rolled into the lease, but I got the dealer to only roll $1494 into the new lease to keep me at the same payment I have now. So as you can see I got this car with $0 at signing and only 1st month payment at inception. Great Deal and I'm very happy with my new G.

    Lease 2013 Infiniti G37 Journey with PREM /NAV
    MSRP $43,360.00
    Capitalized Cost $40,100.00
    Dealer Fee $599.00
    Acq. Fee $700.00
    Lemon Law $2.00
    FL Batt/Tire Lease Fee $66.50
    Tag Transfer $55.00
    Cash Down $-
    Incentives $3,500.00
    Net Capitalized Cost $39,516.59

    Money Factor 0.00027
    Residual Value Percentage 0.58
    Residual Value Amount $$ $25,148.80
    Tax 0.07
    Rental Charge $18.50
    Depreciation $14,367.79
    Lease Term 39
    Base Monthly Payment $386.90
    Total Monthly Payment $413.99

    Current Lease Pay-Off $24,210.09
    3 month pull-ahead ($413.00/month) $1,239.00
    Residual + Remaining Payments $22,971.09
    Amount for Trade $21,477.00
    Negative Equity $1,494.09

    Folks, if you are looking for any advice on a lease, DO NOT PUT ANY MONEY DOWN ON A LEASE!!!! Don't let the dealer convince you to do a cap cost reduction to lower your payment, you are better off keeping your money in a separate account and using a little each month to cover the difference in payment.
  • peterf5peterf5 Posts: 3
    I dont know how unique my situation is. I have a 2010 g37s sedan coming off lease in 4 months. It has about $1800 in body damage that I do not want to lay out, nor want to go through insurance. Ideally I want the dealer to fix the car, and roll the cost of repairs into a new lease. Has anybody had any experience with this? Im thinking I would negotiate the price of the new car first, then add in the cost of repair from there, does this sound valid?
  • jkipsterjkipster Posts: 65
    Have you performed your IFS Lease end inspection yet?

    I had a slight dent/deep scratch on the lower front of my last G37S. Got quotes around $600 to fix it. I got dinged only $80 for that as wear & tear upon inspection because the panel wasn't torn!

    Maybe see how much in chargeable wear & tear they come up with in your Vehicle Condition Report. I also took advantage of the $500 W&T forgiveness, which you may still be able to get for renewing another lease.
  • kvl1027kvl1027 Posts: 17
    Get an end lease inspection and estimate of damages. Don't let the dealer determine on their own what the costs should be, they may high ball to increase the bottom-line.
  • tayhendtayhend Posts: 3
    Not sure what the final selling price is. Originally at 42k for $438, local dealer matched, and the out of town dealer dropped lower to $410. I'll post all numbers on Saturday when everything is signed and I have paperwork.
  • kapkanimdkapkanimd Posts: 68
    the 19% off you were quoted, was that including the rebates? thanks in advance
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