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Infiniti G37 Lease Questions

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Comments

  • r8edr8ed Posts: 12
    I want a 2007 G35 AWD sedan. They said the shortest lease is 24 months. They wanted $3600 down (includes all taxes and fees) and $429/month (tax is 7%). I had got them down to $3200 down and $394/month but the guy said he forgot about the taxes and then this was the adjusted deal after tax. Oh yeah and it's 10k miles a year. I didn't take it.

    I have never leased a car before but I just got a new job and I want a nice car short term before getting a suv/family type car. My other car is financed and will be paid off next year. That's why I wanted 12 month. I would have one year overlap. Do all Infiniti dealers have 12 month?

    I'm thinking $3000 down and $415 is reasonable. Anyone care to comment? Any help is appreciated.
  • From what I've been reading on this forum, the numbers i got mine down to, as stated in my last post, $3,000 down, $442 mnth for 12 months on a top of the line G35 Coupe 6MT with Nav is pretty reasonable.... R8ed.. I'm not entirely sure about the 12 months thing for you since it is the sedan. I think the 12mnths is only for the 06 coupe and was a limited time thing.. but check on that.. and even fight for it... they may have some means of extending that to you.. butthen again.. I'm sure the dealers can only do what infiniti allows them, or has out there to do. But that price you say of just about $3k down and $415 a mnth doesn't sound bad to me on an 07 35x.. I just don't like the 10k miles. squeezethem for at least 12. I got 15k thrown in or i told them no deal. My numbers were close to the same when they were offering me 12k yr. got the extra 3k/yr for like 3 bucks a mnth. Keep us posted.. I think I've accepted my deal. I never go any replies as to wether or not minen seemed like a good deal, so i just researched what everyone has been getting out the door with and felt pretty good about it. Good Luck. Your numbers sound reasonable. Joe
  • r8edr8ed Posts: 12
    Thanks for the reply. I should have mentioned I'm getting a bare-bones G35 AWD.

    I think you got a good deal considering you got the navigation package but like you said, I didn't see anyone comment either way.

    I'll be in there most likely this week and I'll mention those numbers and see what happens. My friend got his at another dealer and he's calling tomorrow to see what they can do.
  • I am leasing a 07 G35 in a couple of days with the following specs; G35 sport, nav, prem pkg, splash guards, tire and wheel pkg, sat radio. The MSRP is 38740 and I am getting $1300 off MSRP. Most dealers seem like they are wanting $500 + or - MSRP. Term 39, MF .00289, Res 55% for $830 down and $640 a month. Good deal????
  • topgun7topgun7 Posts: 409
    "MF .00289"

    The money factor may be a little bit high. I thought I saw 0.00236 as the launch money factor for Oct for 36 and 42 months lease. See post 706 in this thread
  • poorprofpoorprof Posts: 109
    I was given a quote for the same car for my brother for $1200 below MSRP. I live in LA, so perhaps prices at your end of the world are different.
  • I am in Texas. Thanks for the input. Car-Man what do you think?
  • Hello Car_Man:

    I am hoping you can give me yr advise on leasing a 2006 G35 coupe AT thru the VPP program. Here is a quote I recently got from 2 Seattle area Infiniti dealers:

    Car: 2006 AT G35 coupe
    Trim: Premium Pckg, Performance Tires, Trunk Mats

    Invoice: 33,744 (v/s MSRP of 37580)
    Destination & Handling: 650
    VPP Discount: 557
    Delivery Fee: 830
    VPP Cap Cost: $34667

    Down payment: 3500
    Bank Fee: 595
    Residual (68%): 25,554
    Depreciation: 7129
    Money Factor: 0.00162 (assumption)
    Lease term: 24 mo
    Mileage: 15k
    Monthly Payments (exld tax): 391

    Questions:
    1. Is this VPP price a good deal? One of the dealers was not willing to settle below the VPP price despite the 2006 being phased out soon. The other dealer was willing to negotiate below this price but they didnt have the color I was looking for. I was hoping to get more of an upper hand settling for a 2006 given the 2008 will be redesigned.

    2. Is the residual on a G35 coupe lease negotiable? Both dealers tell me it is not and its set by the leasing company. I felt it was too low. Your opinion?

    3. Is this bank fee negotiable? This looked suspect to me.

    4. Out of my cash down, they are subtracting my first monthly (427) as well as the doc fee (35), license fees (225) and tax (235). Why is this tax being levied here? Its already being factored in the $427 monthly payment.

    Thanks!
  • agie1agie1 Posts: 23
    any comment on this quote:
    2006 G35 coupe auto
    12 month lease
    $1,995 down
    10k miles/year
    $249 base model
    $299 premium package

    should i take this deal?
  • poorprofpoorprof Posts: 109
    What City do you live in? That makes a difference
  • agie1agie1 Posts: 23
    new york.
    I don't have cap cost, money factor and residual value information. If possible, I prefer zero down.
    If I have 12 month lease, how much sales tax I need to pay? 100% or only partial of sales tax?
  • r8edr8ed Posts: 12
    07 G35 AWD Sedan w/ moonroof and cargo net.
    $35,700 MSRP
    $33,220 Negotiated Price
    24 months
    12k miles

    $576.16 for first month payment and tire charge ($8)
    $568/month (Includes all taxes and fees)

    I ran these numbers through the calculator using residual of 69% and money factor of .00225. Sales tax is 7% and with other fees populated by calc, the amount financed comes to $34,256. The numbers in the calculator match the deal (actually it came to $570.80/mo).

    A couple questions. I guess I shouldn't include the $576.16 (for first month payment) in the Money Down right? If that was that case, my monthly should be around $540.

    I don't need cargo nets. It's this something I could tell them I don't want and get $50 off the price? I know it's a paltry amount but why not?
  • guestguest Posts: 774
    The deal sounds VERY high. You can almost lease an M class for that.
  • r8edr8ed Posts: 12
    Are you sure about that? I'm putting zero down. I'm just paying the first month payment at signing. I ran this by another Infiniti dealer and they couldn't even match it. I think you are just focusing on the monthly payment, but if anyone else thinks this is no good, please let me know. I'm probably heading in there tonight. Thanks.
  • mbonusmbonus Posts: 15
    I am not sure which lease calculator you are using. I think some of the calculators include registration fees in the calculation. Maybe CarMan or another host can chime in.

    If I plug your numbers into the old-fashioned equation (TVM of Cap cost less residual + simple interest on residual divided by 12 months, times your tax rate) I get 523/mth including tax.

    However if I plug your deal using the lease numbers for November: 24mth 30k Resid-66% MF-.00223 I get your exact payment of $568. But that is for 15K miles per year. So I am not sure, sorry. :blush:
  • r8edr8ed Posts: 12
    I posted the residual and money factor I used for a 24 month 12k/yr lease on a G35 AWD Sedan. I used the simple lease calculator on edmunds and yes, that includes all fees. Where did you get your residual and money factor numbers? I got the November ones from this board. Somebody posted what they were for all the G35s for November. If I'm using incorrect numbers, then the whole equation changes. I was hoping Car_man would comment, but probably very busy.
  • mbonusmbonus Posts: 15
    I got my numbers from a few pages back: I can't vouch if they are authentic.

    This was posted by the Internet Manager for South Bay Infiniti on another board:

    2007 Infiniti G35 Sedan and Coupe Lease Rates (27 views) (27 thread views)

    Message: 2007 Infiniti G35 Sedan

    24 mo/15k mi – Residual Value 68% of MSRP – .00224 Base Money Factor Rate
    36 mo/15k mi – Residual Value 56% of MSRP – .00209 Base Money Factor Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00239 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00249 Base Money Factor Rate

    2007 Infiniti G35 Sport Sedan

    24 mo/15k mi – Residual Value 66% of MSRP – .00223 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00236 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00237 Base Money Factor Rate
    60 mo/15k mi – Residual Value 35% of MSRP – .00249 Base Money Factor Rate

    2007 Infiniti G35 AWD Sedan

    24 mo/15k mi – Residual Value 68% of MSRP – .00225 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00231 Base Money Factor Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00239 Base Money Factor Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00249 Base Money Factor Rate

    2007 Infiniti G35 Coupe

    24 mo/15k mi – Residual Value 67% of MSRP – .00227 Base Money Factor Rate
    36 mo/15k mi – Residual Value 56% of MSRP – .00227 Base Money Factor Rate
    48 mo/15k mi – Residual Value 47% of MSRP – .00239 Base Money Factor Rate
    60 mo/15k mi – Residual Value 38% of MSRP – .00249 Base Money Factor Rate

    Add 1% to Residual Value for 12k mi/yr on all terms and 2% for 10k mi/yr on 36+ months.
  • mbonusmbonus Posts: 15
    After reposting those values, I noticed you are looking at the AWD version, so your numbers are probably right given a 1% bump in residual for 12K miles.

    If you are paying registation and fees directly, your payment should be $523 mth including tax.
  • r8edr8ed Posts: 12
    That's the post I used. And here's the numbers applicable to my vehicle:
    2007 Infiniti G35 AWD Sedan

    24 mo/15k mi – Residual Value 68% of MSRP – .00225 Base Money Factor Rate

    Add 1% to Residual Value for 12k mi/yr on all terms.

    So my Residual is 69% and the money factor is .00225. Is this correct? I took the difference between the MSRP and my price and entered that in the cash down to represent my cap cost. I have never leased before and learned everything from this site and board. Let me know if I messed up please.
  • mbonusmbonus Posts: 15
    It really depends on what you have to pay at signing and what the related fees are. Your $568 per month is a good deal at zero down, but to get to 568 they are adding about $950 of fees to your cap cost. Depending on what registration costs in your state that could be too much, but I don't know what fees are negotiable and what are not. I imagine all leases include some sort of origination fee, so those fees may be reasonable no matter where you go.

    You can look at it another way. If you are really paying nothing down, your negotiated price is $34,170 including all fees. That is still $1500 off of MSRP, so that is a good deal on a 07 model that is apparently in high demand.

    Someone else should chime in and check my math. :)
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