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Infiniti G37 Lease Questions

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Comments

  • jkipsterjkipster Posts: 64
    1. You can buy down the money factor by 0.00010 for each security deposit you put down. In effect, you lower your interest rate. Give them the deposit at inception, get it back when you return the car, net of whatever wear and tear, mileage overage etc. deductions. But somewhere else on the forums someone mentioned that 2 deposits are the minimum for IFS, so I don't know if you can do that with your 0.00016 MF. YMMV on that.

    2. Any Infiniti owner should do. On my first Infiniti lease, they saw that my wife had a G35 and that was good enough. She didn't even have to co-sign or provide any docs. You should inquire with your dealer though to make sure. I've never had to do that but have seen others mention it.

    3. I think you'll always recoup the most in a private sale versus a trade in, but it's probably more work. Get a quote from Carmax, price it out on KBB and Edmunds, see other listings in your area on Craigslist and Autotrader, Cars.com etc. It's as much art as science. But doesn't hurt to list it now (CL and also eBay motors) at the high end and see if there's any interest before you are close to getting your car. You can always lower your asking price as you get serious bidders. When I got my first lease the dealer offered me $2,500 on my 9 year old Passat. I ended up selling it for $4,700, and that was lower than I probably could've gotten because I didn't want to take more time to sell it.
  • jkipsterjkipster Posts: 64
    Yes, it included the $2,500 dealer cash and the $1,000 IFS rebate. I'm in the SoCal area so I think it's more competitive than other markets.

    Here's a rundown of my quotes for a 2013 G37S:

    Glendale Infiniti
    MSRP: $45,425
    Price: $36,817

    Metro Infiniti (Monrovia)
    MSRP: $45,150
    Price: $36,953

    Santa Monica Infiniti
    Matched Metro's price
  • Jkipster was this for a G37S sedan with premium and navigation? If so I need to head to one of those dealerships which are only 30-40 minutes away from me. I have 4 months left on my current Infiniti lease, so I'm not sure if I should wait another month or so.

    Thanks!
  • infi37xinfi37x Posts: 2
    edited July 2013
    got a quote for a 2013 G37XS sedan with first month and sec for 400.00 a month lease, 24months 12k a year. this includes taking my 2011 G37x with 7 payments left at 365 a month. does this sound correct?
  • dsmith926dsmith926 Posts: 2
    Carman, I'm looking to lease a g37x with nav package and premium package before the end of the month. The MSRP is 44205, Invoice 41064. I am looking for a 24 month lease with 0 out of pocket. I am eligible for the $1000 loyalty cash,. What other incentives are available ? I'm not sure what the residual and the MF are for July are. I'm in NJ. What should my target price of this vehicle be and what monthly payment should I be looking at ?
  • jkipsterjkipster Posts: 64
    That is correct. Also with kick plates, cargo net, +/- splash guards. I was also in contact with Cerritos and Montclair but they were slow to respond so I didn't get very far with them in negotiations.
  • peterf5peterf5 Posts: 3
    I did not get it inspected yet. I did get outside estimates of $1600 to $2k. I def do not want to come out of pocket, so if dealer quotes me in that range, I am fine with rolling that into my lease. Does anybody know if a dealership would do that?
  • I just got an end of lease inspection for my Infiniti G37. A discount bumper repair company had quoted me $400 to repair just the bumper. The inspector said most damages were non chargeable and only $208 for the bumper.
  • jkipsterjkipster Posts: 64
    They use a third party company called Alliance Inspection Management, so it's not biased. Per my inspector, they do all Infiniti and Ford lease inspections. Came to my work too so it was convenient.

    I definitely encourage you to schedule it and see. They ignored all the little nicks. I even got sideswiped once that blemished my topcoat, but it was ignored.

    Let us know how it goes.
  • marasimmarasim Posts: 10
    edited July 2013
    12000 miles/year for 24 month lease: G37 Journey, with premium, nav, maple wood trim etc. MSRP $44590

    Offered lease at $290/month + taxes (~$25).

    Drive off is only the registration and first month (~$800).

    Residual: 68%
    MF: 0.00016

    NOTE: This is including Infiniti loyalty rebate of $1000 (got somebody in the family who owns Infiniti and will co-sign the lease).

    Good deal?
  • marasimmarasim Posts: 10
    Thanks a lot for your time to answer.
  • kapkanimdkapkanimd Posts: 64
    really good deal! I'm at $325 including 7% tax on a 42990 msrp with loyalty also... can you post all the details please, selling price, etc. thanks in advance
  • marasimmarasim Posts: 10
    I was initially offered Net Cap as $37900 but that may have gone down after loyalty cash and some negotiation.
  • jkipsterjkipster Posts: 64
    wow, looks like you made a lot of progress! list out the exact specs, invoice, other fees etc. and i can verify the lease payment calculations that they are giving you. i have roughly a $37,300 sales price before the $1,000 rebate based on your numbers.
  • marasimmarasim Posts: 10
    It is G37 Journey Sedan with premium, navigation, tire packageand maple wood trim. Retail was 44590, invoice 42225, iI don't have other fee, but drive off is only registration and first month, may be documentation fee (I still need to confirm with them on it) and monthly is 315 including all taxes.

    The monthly includes the owner loyalty incentive.

    What do you think?
  • marasimmarasim Posts: 10
    edited July 2013
    Could not wait any longer and pulled the trigger on this:

    2013 G37 Journey Sedan with Premium package, Navigation package, Maple wood trim, Performance Tire package, illuminated kick plates, floor mats etc.

    MSRP: 44590

    24 months 12000 miles/year lease

    $860 drive off, includes registration and first month + doc fee etc.

    $300/month including taxes.

    Got couple of oil changes and full tank of gas (if it matters).

    Used owner loyalty of $1000 to get to this price point.

    I hope I did Ok!
  • jkipsterjkipster Posts: 64
    Looks like you got a lot more car for way less money than your first quote, so that's a win in my book! Congrats on the new car.
  • dsmith926dsmith926 Posts: 2
    I'm looking to lease a g37x with nav package and premium package before the end of the month. The MSRP is 44205, Invoice 41064. I am looking for a 24 month lease with 10,000 and 0 out of pocket. I am eligible for the $1000 loyalty cash,. What other incentives are available ? I'm not sure what the residual and the MF are for July are. I'm in NJ. What should my target price of this vehicle
  • kingpcgeekkingpcgeek Posts: 985
    Incentives can be found under the New Cars | Incentives and Rebates menu at the top of the page.
  • marasimmarasim Posts: 10
    Thanks!

    I asked my friend to co-sign the lease (for $1000 loyalty rebate) and he agrees. I wanted to check if they need to pull his credit report as well (I hope not). Does anybody know?
  • bigjay4bigjay4 Posts: 2
    edited July 2013
    Hi Carman,

    May I please have the MF and Residuals for a 2013 G37 coupe Journey with sport package, Premium package, navigation package and interior accent package for:

    24 mos/10k yr
    36 mos/10k yr
    39 mos/10k yr

    Same with 12k yr as well...

    I am located in zip code 89031

    Thanks in advance for your help...
  • rainicyrainicy Posts: 2
    White and Wheat Leather. With Premium, Navigation Package. Due to I am a student now, I want the lowest price. So could you give me the number for 39-month and 12,000miles/year? I want to know the paydown 2,000 with every fee, including document, title, first payment. And each month I should pay for? Thank you.
  • kingpcgeekkingpcgeek Posts: 985
    There is no way that anyone on this forum can give you every fee since they very based on state, sometimes county and city, and dealership. You need to go to a couple of dealerships and then post the deals here. Then people can help you.
  • rainicyrainicy Posts: 2
    I am living Boston, MA. And I got some quotes from dealers. The lowest price I got for G37x Seden is $2,000 paydown including first month fee and $390 for each month, which is including taxes and other fees. The G37x is white color and wheat leather with Premium, Navigation Package. And the car's MSRP is $44,205. So what do you think for 39-month lease, what's the monthly payment? Thank you.
  • radtraxradtrax Posts: 19
    edited July 2013
    Here's how my deal went down last week - I couldn't be happier.

    2013 G37x AWD Coupe
    Packages: Premium, Navigation & Sport
    Options: Spash Guards; Illuminated Kick Plates; Trunk Mat, Net & First Aid; Rear Decklid Spoiler & Midnight Black Grille
    MSRP $51,615
    Invoice $47,629
    Cap Cost $45,538
    Residual $35,098 (68%)
    Lease Rate .792%

    24-Month Lease w/ 12,000 miles/year
    Base Payment $448.79
    7% Montly Sales Tax of $31.42
    Payment $480.21/mo for 23 more months

    OTD Payment:
    $480 1st mo Payment +
    $295 Registration/DMV +
    $305 Est taxes/fees -> reduced Cap Cost/Down Payment (*)
    Total OTD= $1080

    * I might have been able to stretch the deal a little to reduce the Cap Cost shown above by $204 to $45,329. But, the dealership took that extra $305 that I was incorrectly estimating (for taxes on $2500 in Lease Dealer Cash & other misc fees) as a down payment, and just showed a $1305 Cap Cost Reduction ($1000 rebate + $305 down) with a lower Adjusted Cap Cost of $45,233. I therefore added in that $305 above to show the 'real' Cap Cost of $45,538 - which includes a $305 down payment.

    I basically negotiated the deal for invoice + acquisition + dealer fee - $3500 in total Infiniti Lease & Loyalty cash + agreeing to pay $600 in up front taxes & DMV fees, and here's how it worked out
    $47,629 + $105 + $700 + $599 - $3500 = $45,538 Cap Cost
    ... and then they applied that $305 towards down payment.

    Given the fee/tax miscalculation was my own fault, that this was the only AWD w/ Sport Coupe available in the state of Florida, and the fact the dealership had to spend extra to have the car trucked in from almost 400 miles away, I'm totally fine giving up what amounted to be $204 in the end. They had a $599 dealer fee, and I was only planning on paying $500. That's how my net miscalculation of Cap Cost ended up being $99 + $105 = $204. Also, I didn't ask for them to show me their invoice, but over the phone they provided me the same invoice price as the estimator shows on this site, so I assume the $300 advertising fee is legitimate, otherwise they got me on that, too because I didn't subtract it.

    IFS is making my last 3 previous $500 payments, applying $500 towards excess use/mileage, and waiving the $395 disposition fee on my previous lease through Owner Loyalty.

    The finance manager didn't close me on anything extra but threw in complementary window tinting for being a loyal customer.

    Thanks to Carman and all the other contributing members of this forum for making this deal possible to achieve.
  • kingpcgeekkingpcgeek Posts: 985
    Telling us you are in Boston does not help us calculate fees. You are negotiating backwards. The only thing you can negotiate is the selling price of the car, so that is what you need to do. Everything else is set. Right now there is $2,500 of dealer cash available to take off of the price of the car unless you currently own an Infiniti. If you do take another $1,000 off. You should be shooting for a selling price of no more then invoice - $2,000 or better yet invoice - $2,500. Subtract and additional $1,000 if you currently have an Infiniti. This car goes the way of the dodo bird any day now so Infiniti is working hard to clear them out.

    You also should know how to compute a lease on your own, it is not difficult. Lease Calculator
  • tayhendtayhend Posts: 3
    Here's the deal I got on Saturday on a 2013 G37 coupe with premium,nav,trunk kit, illuminated kick plates, and splash guards.

    Lease 24 months $0 down (no money exchanged hands)

    MSRP: $48,405
    Cap cost: $42,974.50
    Loyalty cash: $1000
    Adj cap cost: $41,974.50
    Residual: $32,431.35
    Dealer contribution: $605.50
    Money factor: .00017
    Base payment: $410
    Payment with 7% tax: $439

    Also, totally loving this car!
  • njfresh08njfresh08 Posts: 5
    The dealership is Fette Infiniti in Northern NJ

    The car is a G37X with premium package. He dealer didn't give me a selling price for some off reason even though I requested it a couple of times.
    Out of pocket I pay $2,609.73.For a 10K,a year lease.

    1st payment: $353.08
    Motor Vehicle:$233.00
    Doc fees: $464.00
    Tax on Vehicle $32.48
    NJ Tire Tax $7.50
    Cap Reduction Cost $1519.67

    Total $2609.73

    Can I do better than this and if so what should I go in expecting better?
  • kingpcgeekkingpcgeek Posts: 985
    Two red flags, dealer won't give you the selling price and cap cost reduction. Neither are good things when signing op for a new lease.
  • amsenamsen Posts: 23
    Agreed. Clear those red flags and you might arrive at a further low price.
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