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Comments
Vehicle price: 37,864
cap cost reduction: 3,192
Adj.Cap cost reduction : 34,671
Residual : 21,513
Depreciation: 13,158
Rent: 5,193
Total of base payments: 18,351
# of payments: 39
Base Payment: 470
Monthly tax(6%) 28
total payment: 498
This deal is contingent on me trading in my car and the dealer giving me 5,000 to cover the following
cap cost reduction: 3,192
Doc Fee: 299
Sales Tax : 245
1st Month payment: 498
Aqustion. Fee: 595
Lic. Fees: 160
Total drive off: 5000
Please any help is great!! I have this deal on the table!!
As for the deal on the table...it doesn't look good at all. I can only estimate since I think that they recently increased the invoice and MSRP costs, but it's only by a couple hundred, so it shouldn't be that different from my calculations. It looks like you are only a few hundred off of MSRP and honestly with the 2008s coming out, you should be trying to get a 2007 for no more than $1k over invoice. The doc fee seems a bit high, but it depends on your area. I'd be pushing for no more than $100 if you can. As for the down payment, you should NOT pay $3192 in cap reduction. If you didn't change anything else, your payment would go up about $100 a month, and i know that it will make your monthly payment seem expensive, but you really are better off keeping the money yourself and then "pay" yourself the extra $100 bucks to help with the payment. That being said, I think you have room to play and can lower your payment...it will still be in the mid $500 range I bet, but you will get to keep that extra $3k in the bank.
MSRP: $40,365 (Prem, Nav, Tech, Splash, Cargo)
Sale Price: $37,056 ($227 over inv)
Il Tax: $2460 (added to cap cost)
Acq Fee: $595 (added to cap cost)
Residual: 55%
Term: 39 Months
MF: .00193
15,000 miles
Monthly Payment: $578
Thanks to everyone on this board. Leased at Infiniti of Lake County, Libertyville, IL.
It appears that from a best value standpoint the 36 month lease is the way to go. I doubt that a 24 or 27 month lease will give me a better value and lower payments than the 36 month.
I am just wondering if it would make sense to try and hold off to see if the Fed lowering their rate will have any impact in the very near future.
Does anybody know if there is a place to look up old historical rate data to possible see any future rate trends?
Enjoy the car! Still figuring out the toys on mine (2007 G35 Sedan 6MT) after getting it last Saturday.
So I would greatly appreciate if anybody knows and can share what the current MF and RV rates for the 2007 G35 Journey for 24 and 27 month with 15k miles. Maybe Car_man???
I would also put it out there, anybody hear any words on what the lease rates are for the 2008 models?
I think this is the weekend I am going to pull the trigger. :shades:
2007 6mt, No Trade, want full clear bra
Option1
Diamond Graphite/Graphite
41355 MSRP (prem, nav, , sirius, 4was, painted splash, mats)
38599 sell price/adjusted gross cap
.00182 money factor
54% residual
42 mo/12k
498.20 pmnt
out of pocket = 595 acquisition, 498.20 first, plates (80), bra 799, doc fee = 250 == 2222.20 + tax total out of pocket
Option 2
Same as above (less 4WAS, + full clear bra already installed)
40590 MSRP
37750 Sell Price/Adjusted Gross Cap
.00182 money factor
54% Residual
42 mo/12k
485.53 pmnt
out of pocket = 485.53 fist + 498 doc + 80 (lic) + 595 acquisition == 1658.53 + tax total out of pocket
Hi:
New to the board and wanted to see if anybody in Florida has received good lease rates from any dealers.
Been quoted S.P. of 35215, $764.21 upfront, residual $21,700, 5%interest and payments of $554.78.
Premium pkg, Tech pkg.
Thank you, John
I am in FL also and going to be getting lease figures in the next few days and will post what I negotiate from the dealers.
Blk 6MT, Premium pkg, splash guards, trunk mat, cargo net for 38,825. Lease MF .00285, residual 63%, 39 mo
I did the unmentionable and paid 2990.66 down becuase I wanted my payment close to 500 per mo. I didn't tell them that though, just added money in the end. - Drive off was 4122.50. Contract says base monthly payment 475.16 and tax 39.20 for total mo payment of 514.36
Below are fees on contract:
Acguisition Fee 595
Registration Fee 317
Tax on cap cost 246.73
Doc Fee 45
CA Tire 8.75
I'm planning on leasing the 2008 G35 Journey Sports w/ premium pkg in Black Obsedian. Can someone guide me if these numbers the dealership gave me make sense.
Capitalized Cost 34,499(I have VPP on Infiniti)
Tax (6.25%) 2,156
Doc Fee 50
Bank Fee 595
License Fee 145
TOTAL CAP 37,445
Cap Reduction 2,399
NET CAP 35,046
RESIDUAL (53%) 19,729
Total Deprec. 15,317
I'm putting $3,000 toward TT&L and first payment.
CAP REDUCTION 2,400
Advance Payment 600
Rate is 3.8%
term is 39 months
MONTHLY numbers they gave me:
Depreciation 393
Rent 208
Monthly Pmts 600
this number didnt sound right to me so he went back and told me he can go down to $550/month, I asked him how he did that? He's told me he played with the money factor and residual. I dont even know what the money factor is on this.
this is my first car Im leasing, so I dont know much, can someone help me out here and tell me where i can negotiate this deal if there is any cushion, thanks in advance
2 questions, on a lease does we have to pay the whole 6.25% in tax? or just part of it? also, what is the money factor for the 2008 journey sports on a 36 and 39 month?
Plan D say its invoice less 1.65% so im guessing 34,500 is the 1.65% less invoice.
ok so I calculated based on the $550/mo he is giving me.
MSRP 37,250
BASE CAP COST 34,500 (with VPP Discount)
COSTS(Doc, Bank, License, Tax) 2,946 (total tax, TEXAS)
TOTAL CAP 37,445
CAP REDUCTION 2,399
NET CAP 35,046
Residual (55%) from 53% 20,331
Money Factor 0.0032 equivalent to 7.68%
Terms 39
Sales Tax Rate (6.25%)
Monthly pmt is 550
Depreciation is 14,557
Finance Charges 6,931
Downpayment 2400 (600 was advance pmt)
TOTAL cost for 39 months is 23,888
Did i calculate this right? help me out here please, should the money factor be around .0022 ?
Please tell me how i should negotiate with the dealer?
Also where do i see the security deposit in all this, or is that in addition to all this? is it true the more i put in security deposit the less the money factor is?
Thanks in advance, you guys are very helpful!!
On a VPP deal, the lessee needs to find a dealer ship that honors VPP pricing, charges no doc or prep fee, and does not mark up the lease money factor. No dealer can change the residual, it is set by IFS. Then you just pick a color and options and all the numbers work out for a sweet deal. Once you give the dealer the VPP code and pick a car they have to show you the invoice which includes the VPP price.
A lesee with a VPP claim code is probably better off to wait for an 08 rather than take an 07. The residual is much lower on the left over car, but the MF is discounted more - the number may work out to be a wash or even better for the 08. You get the rear view camera with the nav package and the ipod interface and a few other changes.
Dennis
G35x AWD SEDAN WITH PREM. PACKAGE:
24 MONTH LEASE (10,000 MILES)
2700 DUE AT SIGNING (FEES,CAP, TAXES AND FIRST MONTH PAYMENT)
MSRP -37,465
INVOICE - 34,528
SELLING PRICE - 33,898
NY SALES TAX - 8.375
RESIDUAL - (BOOK) 67% (NET) 68%
MONEY FACTOR - .00169
MONTHLY PAYMENT - $450.00
Anyway I'm still in the market.
The only problem you are going to have is that the 24 months will go by too fast and you will not want to give your car back .
Dennis
Dennis
I was looking for the October numbers. Today a dealer quoted me a residual of .58 and a MF of .0028 for a 08 Sport with Auto. Are these the actual IFS numbers or do they have dealer margin???
You don't state the term or miles, but last month it was (for an 07 w/15k miles per month):
2007 Infiniti G35 Sport Sedan 24 Month - Residual 64% of MSRP - .00180 Base Rate
36 Month - Residual 55% of MSRP - .00191 Base Rate
48 Month - Residual 43% of MSRP - .00241 Base Rate
60 Month - Residual 35% of MSRP - .00259 Base Rate
I would expect the residual would be higher by several points for the 08 but the MF may also be higher as well. We have not seen the 08 sedan, 08 coupe, and any 07 numbers for October yet. If you can find an 07 equipped like you want run the numbers (when available) on it VS the 08 and lease whichever one is the best deal, if similar just get the 08.
I have had real good luck just asking the dealer "Is this the buy rate or do you mark it up, and if so by how much" and I normally get an honest answer.
Dennis
Also, current MF/Res for G35 sedan (journey) for 24 and 36 months with 12K miles.
Thank you,
m-
This is her lease info.
She was pretty upside down on her previous car. About $4K.
But we were able to lease the new car as follows:
2008 G35, with 15K a year for 42 months lease
MSRP $33,000 (Including wheel locks, cargo net, mudflaps, tint on front windows and etc)
Actual price $31,500
Residual value $16,804 (53%)
Acquisition fee $595
TT&L $2250 (In Texas, u have to pay the full amount for tax)
Out of pocket $4000
Monthly payment is $585
Believe me, I think it was a good deal considering that if she would have to keep her old car, she would have to put lots of money into it. Let me know what do u guys think.
I am kind of kicking my but on that because I think I should have just got the 39 month since i put 2700 at signing and if i dont decided to buy it at the end of the lease i cuold have stretched it out another yr.
I spoke with my salesman and he told me I could extend the lease to 6 months or possibly longer (he said it was negotiable).
I made 3,000 when my coupe got flooded after I got my money back from Geico so the 2700 due at signing didn't bother me to much since it was all profit anyway. The buy out of the car after two years is around 24,000 so I might just buy it out. I love it so far by the way :shades:
Enjoy your new car!
Dennis
MSRP - $39,175
Cap Cost - $35,981.93
39 month 12k miles/year
MF of 0.00249
57% residual
monthly payment of $495.26 + 7% tax = $529.93
$1,356.17 to cover acquisition, 1st month's payment and TT&L.
-or-
MSRP - $39,175
Cap Cost - $35,981.93
36 month 12k miles/year
MF of 0.00241
59% residual
monthly payment of $499.88 + 7% tax = $534.87
$1,361.06 to cover acquisition, 1st month's payment and TT&L.
Ditto the lease residual, dealer can't change it.
What they can change is how much, if any, they charge for "doc" or "prep" fees. If you are paying much, then you might find a better dealer. They can, and do, mark up the lease money factor as well. We have not seen the October numbers so I can't say if you are paying buy rate or a marked up rate.
0.00249 = 5.976% and 0.00241 = 5.784% which are not super low rates but they are not super high either. A 3rd party lease rate would be 0.00254 with a 55% residual on a 36/36k lease, not a lot of savings for the IFS lease.
The last number I saw on the hot selling G37 coupe was 0.00285 for a 36 month lease, but left over 07 sedans were 0.00194. Back in June it was 0.00178 with a 57% residual for a 36/36k lease, so your offered 36/36k deal has a residual 2% higher but a 1.32% higher rate. Could just be normal, IFS not offering as cheap a deal at the start of a new model year, or could be dealer mark up.
Dennis