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Infiniti G37 Lease Questions

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Comments

  • mtg35mtg35 Posts: 4

    I am looking at the following car - can someone tell me if this is a reasonable deal and if not, what would be more reasonable? Thanks!

    G37X with Premium and Nav 10k/yr for 39mo (Philadelphia) MSRP: $40,470 Cap Cost: $37,677 MF: .00037

    Leasing Options: (1) $403/month (with tax) + $403 due at signing or (2) $377/month (with tax) +$1325 due at signing

  • kilo2013kilo2013 Posts: 4

    @mtg35 said: I am looking at the following car - can someone tell me if this is a reasonable deal and if not, what would be more reasonable? Thanks!

    G37X with Premium and Nav 10k/yr for 39mo (Philadelphia) MSRP: $40,470 Cap Cost: $37,677 MF: .00037

    Leasing Options: (1) $403/month (with tax) + $403 due at signing or (2) $377/month (with tax) +$1325 due at signing

    I just leased a G37x Premium with Nav. MSRP was 40470 also. I negotiated selling price down to 35500. Then I paid 4 MSDs to bring the money factor down to 0.00001. My monthly payment for 39mo 10k/yr with Tax and acquisition fee rolled in is $350. Only thing I paid upfront is $1600 for 4MSDs + first months payment + documentation fee + License/plate fee. $1600 for MSD is fully refundable on lease end. This was in Chicago.

    In your case I would definitely put down MSDs to reduce payment even further and negotiate selling price down. Look up Edmunds, CarsDirect and Truecar etc for selling prices for negotiating.

  • mtg35mtg35 Posts: 4

    @kilo2013 said: In your case I would definitely put down MSDs to reduce payment even further and negotiate selling price down. Look up Edmunds, CarsDirect and Truecar etc for selling prices for negotiating.

    Thanks @kilo2013! I have tried to use the TrueCar price to get the selling price down, but every dealer tells me that the TrueCar price only applies to purchases, not leases. Is that true? The TrueCar price I am seeing for the exact car I am considering is $36,283, but the lowest selling price I have gotten is $37,677 (MSRP is $40,470).

  • bella82bella82 Posts: 1

    Is this a good lease deal for the 2013 G37x (AWD) with premium package? $379.71/month, $0 down, sign/drive. 39 months, 12,000 miles/yr. It was the first offer that one dealer gave me. Another dealer is telling me that they can go lower than that and asking me to name my price. How low should I go? $350? $360? Any help would be appreciated!! FYI...I'm in Michigan, and in case it helps, here are the other numbers I was given for the $379/mo G37x:

    MSRP = $37,755; Invoice = $35,166; Gross Capitalized Cost Itemization: (Vehicle Price = $35,200, Taxable AMOs = $24.00, Documentation Fees = $200, Acquisition Fee = $700, License Fees = $23, Gross Capitalized Cost = $36,147); Adjusted Gross Cap. Cost = $36,147; Residual = $23,030.55; Rent = $854.10; Total of base payments = $13,970.55; Base payment = $358.22; Monthly tax @ 6% (MI) = $21.49; TOTAL PAYMENT = $379.71

  • redls1redls1 Posts: 21

    Can you share what dealer this was?

    @bella82 said:

    Is this a good lease deal for the 2013 G37x (AWD) with premium package? $379.71/month, $0 down, sign/drive. 39 months, 12,000 miles/yr. It was the first offer that one dealer gave me. Another dealer is telling me that they can go lower than that and asking me to name my price. How low should I go? $350? $360? Any help would be appreciated!! FYI...I'm in Michigan, and in case it helps, here are the other numbers I was given for the $379/mo G37x:

    MSRP = $37,755; Invoice = $35,166; Gross Capitalized Cost Itemization: (Vehicle Price = $35,200, Taxable AMOs = $24.00, Documentation Fees = $200, Acquisition Fee = $700, License Fees = $23, Gross Capitalized Cost = $36,147); Adjusted Gross Cap. Cost = $36,147; Residual = $23,030.55; Rent = $854.10; Total of base payments = $13,970.55; Base payment = $358.22; Monthly tax @ 6% (MI) = $21.49; TOTAL PAYMENT = $379.71

  • Michaell@EdmundsMichaell@Edmunds ColoradoPosts: 1,307

    @bella82 said: Is this a good lease deal for the 2013 G37x (AWD) with premium package? $379.71/month, $0 down, sign/drive. 39 months, 12,000 miles/yr. It was the first offer that one dealer gave me. Another dealer is telling me that they can go lower than that and asking me to name my price. How low should I go? $350? $360? Any help would be appreciated!! FYI...I'm in Michigan, and in case it helps, here are the other numbers I was given for the $379/mo G37x:

    MSRP = $37,755; Invoice = $35,166; Gross Capitalized Cost Itemization: (Vehicle Price = $35,200, Taxable AMOs = $24.00, Documentation Fees = $200, Acquisition Fee = $700, License Fees = $23, Gross Capitalized Cost = $36,147); Adjusted Gross Cap. Cost = $36,147; Residual = $23,030.55; Rent = $854.10; Total of base payments = $13,970.55; Base payment = $358.22; Monthly tax @ 6% (MI) = $21.49; TOTAL PAYMENT = $379.71

    My calculations work out exactly as yours do. The dealer isn't marking up the money factor (which they are allowed to do) or the acquisition fee and they are selling you the car at invoice.

    Not sure that you can do any better.

    michaell@edmunds.com

    Moderator, Prices Paid and Leasing Experiences

    2013 Hyundai Elantra GT / 2010 Mazda CX-7 GT / 2014 MINI Countryman S ALL4

  • jkipsterjkipster Posts: 55

    @kyfdx@Edmunds said: ... $359/mo. is a cheap lease. They must have really cut the MSRP of the G37, when the Q50 came out.. Our similarly equipped 2011 had an MSRP of $42K.

    They cut the MSRP by $4,800 last August. Luckily I had leased my car instead of buying it end of June or I would have been pissed at the price cut.

  • mully1983mully1983 Posts: 3

    @bella82 I leased a G37x in March with an MSRP of $37,855 (no Nav) and got the dealer down to $32,200 for the sales price. I put 6 MSD's down, 39 months, 12k/miles a year. I paid all taxes, doc fees, 1st month payment up front. My monthly is $265/month. I also own another Infiniti in my household, so I was able to save an additional $1,000 of owner loyalty cash which i applied towards the upfront taxes and fees.

  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,979

    That is an awesome deal! Congrats!

    Moderator - Prices Paid, Lease Questions, SUVs

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