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Infiniti G37 Lease Questions

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  • Hi Car man. Can you tell me the money factors and residuals for January on 05 and 06 G35 sedan 15Kmi/year, 36 months. Thanks
  • Car_man

    Thanks for all your help with this deal. Just got my free spoiler installed today only took 1 HR. Great customer service at the dealership of Lisle. I can feel that people driving BMW,s, Lexus and Acura are looking at this car and you can feel on the road that you are the leader of the pack. 0-60 is amazing on this car. :blush:
  • maximafanmaximafan Posts: 592
    Oh, the great eighties. I also owned an RX-7.
    It was a 1988. That was the car I've owned
    the longest, almost 7 years (with the exception of my 1979 Mustang which I drove in
    high school) The RX was a great car,
    completely trouble-free. I definitely am
    thinking about checking with the Infiniti
    dealer regarding some sort of trade-in with
    my lease, or maybe I'll try to hang in there
    for another 6 months. We'll see.
  • Hey Car_man,

    I appreciate your advice on this forum. Here's the quote I have:

    2006 G35x AWD w/Premium C and Navigation:

    MSRP - $39210
    Selling Price - $36542
    Money Factor - .00165
    Residual - $22350 – 57%
    Total Due at Signing - $590 +/- $5.
    Documentation Fee - $550 (built into lease)
    39 mos./15,000 mi
    $477/month + tax

    Thanks!
  • mark625mark625 Posts: 12
    Hi Carman,

    Can you help me out on this lease deal:
    (My Tax rate is 7.75% in SoCal.)

    2006 Auto G Coupe w/ premium + sport + navi + trunk mat ($40,180 - MSRP / $36,970 - Invoice Internet Price = $38,500) at the following payment levels.

    $2,000 to start 24 x $632 including tax
    Residual = $28,126 Money Factor = 2.55

    $2,000 to start 36 x $573 including tax
    Residual = $24,108 Money Factor = 2.29

    $2,000 to start 39 x $586 including tax
    Residual = $22,902 Money Factor = 2.5

    Is the price ok? And one more thing, I tried to use edmund lease calculator, it seems the monthly payment (for 36 month lease ) are way too high? From the above figure (36 month), I calculate the monthly should fall between $435-$470 included tax (7.75%). Am I correct? Thank you for your help.
  • dknetzdknetz Posts: 4
    Hi Car_man,

    Thanks. The MSRP is $38,540 and the selling price is $35,574. I live in Santa Clara county CA with a sales tax of 8.25%. I have excellent credit.

    Regards,

    dknetz
  • bengotbengot Posts: 3
    Hi, I am about to lease a 2006 g35 premium pkg that lists for $36990 / $37780 with dealer options. I'm putting $4000 down and their paying the tax (about $1900). They quoted me $480/mo for 42 months @ 12000mi/yr. I have no idea if this is a good deal after looking at your forums. can you please help me..thanks
  • bengotbengot Posts: 3
    Hi, I just posted a reply by mistake, i'll try again. I am about to lease a 2006 g35 premium pkg that lists for $36990/$37780 with dealer options. I'm putting down $4000 and their paying the tax (about $1900) they quoted me $480/mo for 42 months @ 12000 mi per year...is this about right..thanks
  • 39 months/12k miles per year - $385 per month with
    just $2290 due at signing plus plates.
  • asleepyasleepy Posts: 70
    bengot,

    I'm sure Car_man will chime in with the "official" word in this forum but in general, it is not a good idea to put money down on a lease. If your car is stolen or totalled during the lease period, insurance will pay off the car to the leasing company but nothing to you -- you are out the $4000. It would make more financial sense to take to put the $4000 in a savings account and use a part of it each month to pay for the difference between $480 and the higher payment.

    - A.
  • bengotbengot Posts: 3
    I ended up putting down $1000 and paid the approx $3000 sales tax and got a payment of $473 per month 12mmi/yr 42mo. lease. I was comfortable with this because we averaged 12,000/yr on our last vehicle over 31/2yrs owning it. I'll post the details of the lease asap. I only found this forum 1hr before leasing the vehicle and it Really, Really helped me bargin. This may not be the best deal I could have gotten but it would have been much worse..thanks
  • Car_man

    I'm interested in leasing the 2006 G35 Coupe 6MT. What are the LMF and residual values for 24 months/12,000 miles per year and 36 months/12,000 miles per year?
  • elanspelansp Posts: 36
    All-

    I'm looking into geting a G35 6 speed sedan (most in my area are automatics of the G35x variety). Can anyone advise on current residual and MF details for a 36 or 39 month lease with either 10k or 12k.

    Thanks in advance.
  • Ok so this is prolly gonna make everyone laugh but i went to my local Infiniti dealership and told them i wanted to lease a G35 coupe no options other than a sunroof and in black and i didnt want a payment more than 325 they kinda laughed and told me the only way that would happen would be if i let them make the residual almost 30k and im young and dumb and dont understand what the bad thing in this is if i get the car i want at a price i can afford what would happen at the end of my lease with this 30 risidual i would want to lease another so does it really matter how much its still worth to them ?
  • kyfdxkyfdx Posts: 31,128
    The bank sets the residual, not the dealer... So, not sure how they can make that happen...

    But, you are correct.. if you are leasing the car, with no intention of buying it, a high residual makes for a low payment...

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • so if they can make it happen its an OK deal? i just dont wanna go to trade the car in and they say i will be 20k upside down or something like that
  • kyfdxkyfdx Posts: 31,128
    If you try to trade it before the lease is up.. that may indeed be the case... But, it shouldn't be a problem, if you take the lease to term.

    It is probably a moot point.. I've seen banks that will allow a residual to be lowered, as that has no ill effect on them (for people that have a car allowance from their employer, and plan to buy the car at lease end), but I've never heard of a bank that will allow the residual to be raised..

    It sounds like the salespeople were just talking in hypotheticals...

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdx,

    Would you be able to answer my question above (post #135)?

    Ben
  • kyfdxkyfdx Posts: 31,128
    I'm sorry... I don't have the information on residuals and money factors... Car_man is the expert when it comes to that.. He stops in here on a regular basis..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I sure can, earny99. If you were to lease a 2006 Infiniti G35 Sedan with 2WD through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00159 and 58%, respectively. The numbers for an otherwise identical lease of a 2005 model should be .00265 and 48%. The '05 model's money factor is so much worse because Infiniti replaced its money factor support on it with $2,000 dealer cash. Make sure to take this incentive into account when negotiating its selling price if you opt to go with the '05 model.

    Car_man
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  • You're very welcome, freshwater. Enjoy your new ride!

    Car_man
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  • Thanks cyclone3. The money factor and residual value that you were quoted for this car are right in line with Infiniti Financial Services' current lease program for it. This is always a good sign. The car that you described has a spread of around $3,300 between its full MSRP and dealer invoice price. You are being given a discount of just under $2,700 on the car that you are interested in. This means that you are probably at around $650 or so above invoice, which is a very reasonable price. If you are in an area with a lot of competition and shop around and/or beat up the dealer that you are working with you may be able to get another hundred or two off, but it won't make a big difference in terms of your lease payment.

    Car_man
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  • Hi mark625. The price that you were quoted for this car is around $1,500 over dealer invoice. If you are in an area where there is a decent level of competition, I would not be surprised if you were able to get another $500 or so off by shopping around. For additional feedback on how much you should pay for this car, price-wise, try stopping by the following discussion: "Infiniti G35: Prices Paid & Buying Experience".

    Let's work up a couple of lease payments using the price that you mentioned in your post and see what we come up with. According to my calculations, if you were to lease a 2006 Infiniti G35 Coupe with an MSRP of $40,180 and a selling price of $38,500 through Infiniti Financial Services right now for 24 months with 15,000 miles per year, I estimate that your zero down, pre-tax monthly payment should be around $595. The payment for an otherwise identical 36 month lease should be around $554. The payment for an otherwise identical 39 month lease should be around $550.

    Car_man
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  • Thanks for the additional information, dknetz. Let's work up a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2006 Infiniti G35 Coupe with an MSRP of $38,540 and a selling price of $35,574 through Infiniti Financial Services right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $488.

    Car_man
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  • Hi bengot. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what this car's selling price is.

    One thing that I did notice about your deal is the large down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your G35 would be exactly the same, regardless of whether you had put $4,000 down, or had made absolutely no down payment at all. You would be better off keeping that money in the bank and using it to supplement your monthly payment or make a few of them than using it as a cap cost reduction.

    Car_man
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  • Hello pepelou. You never mentioned the selling price or MSRP of the car that you are interested in leasing, or exactly which model you want for that matter. These are important things for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you provide me with this information.

    Car_man
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  • dknetzdknetz Posts: 4
    Hi Car_Man,

    Thanks for the information. I paid $551.02 plus tax last weekend through IFS. It sounds as though I was stiffed! I was under the impression that once I had negotiated the price with the dealership I would get a lease payment based upon a standard money factor from IFS. Am I being naive? This may be a stupid question but is there anything I can do after signing?

    I really appreciate your knowledge and help.

    dknetz
  • I appreciate that, except that Car_man has now failed to respond to my question twice. I'm pretty sure my question was similar to every other that is asked here ...
  • Hi benji123. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00220 and 70%, respectively. The numbers for an otherwise identical 36 month lease should be .00229 and 60%.

    Car_man
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  • Greetings elansp. If you were to lease a 2006 Infiniti 2WD G35 Sedan through Infiniti Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00159 and 59%, respectively. The numbers for an otherwise identical 39 month lease should be .00163 and 58%, respectively. If you were to lease this car for either of these terms with only 10,000 miles per year, its residual values would be 1% higher.

    Car_man
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