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Infiniti G37 Lease Questions

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Comments

  • 99rams99rams Member Posts: 19
    It does Thanks, Sounds like the dealers charges for any missed months. Was your previous car a Nissan?
    -Gary
  • urirx98urirx98 Member Posts: 51
    I am returning a 03 Acura MDX, but i had leased nissan before, drove a 89 maxima, then a 98 maxima, then my parents leased a 2002, now they have a 04 G35x.
    wg
  • 99rams99rams Member Posts: 19
    Hey Car_man
    Question for you or anyone that under stands that "car lease Calculator (http://www.leaseguide.com/calc.htm)

    I have inputting some info on a 2007 G35Journey With Premium and Nav. Here's the month payment i came up with, Wanted to know if this sounds right to you? Or if this was way off maybe you could give me some advice or what my payment should be. Thanks Gary

    MSRP $37030
    Base Cap Cost $34378 ($500 over invoice)
    Costs Added to Lease $0
    Cap Cost Reductions $3000
    Adjusted Cap Cost $31378
    Residual Value 57%
    Money Factor .00196
    Term (months) 36
    Sales Tax 7% NJ
    Monthly Lease payment including sales tax: $415.35
  • sprinkler13sprinkler13 Member Posts: 452
    What is your total out of pocket at signing? Just the 3k? If so, you should find out what amount of the 3k goes to cap reduction and what goes to closing costs. If all of the 3k is for cap reduction, you are better off putting that towards extra security deposits. 3k should get you 5 extra security deposits I believe. By putting down extra security deposits you will be able to lower the money factor by .0001 for each security deposit. This will make your monthly payment a bit higher since you aren't reducing the cap cost as much, HOWEVER, those security deposits are refundable at the end of the lease, so in the end you will actually end up paying less since you get back 3k. Carman will tell you you should never put anything extra towards cap reduction. Good luck!
  • 99rams99rams Member Posts: 19
    Yea, the $3000 was out the door. I was just running some numbers threw the Car lease Calculator just to get an idea of what i should be trying to get when i hit the dealers.

    But thanks for the Info i was not aware of the security deposit getting a refund on that.
  • e325rkhe325rkh Member Posts: 71
    Hello Car_man

    Here is the deal I received:

    2007 G35X Premium / Nav / Tech / Wood

    MSRP $40640
    Base Cap Cost $37088
    Costs Added to Lease $0
    Cap Cost Reduction $2662
    Residual Value 56%
    Money Factor .00211
    Term (months) 39
    15K/ year
    Sales Tax 8.625%

    Monthly Lease payment: $419
    $5300 total out of pocket (including taxes and cap cost reduction).

    What do you think?
  • 99rams99rams Member Posts: 19
    Is that a deal you received from a dealer?
    I been getting alerts to my work email when a new post comes in so i took a look at your post I know you were looking for advice from the host but something didn’t seem right on that MSRP of $40,640. If I go to infinity’s website and price out that car the msrp comes to 40,450.00… So it could of just been a typing error but just making you aware if the dealer was trying to pull something.

    PS. The month payment seems really nice, just wish you didn’t have to put so much down
  • e325rkhe325rkh Member Posts: 71
    Yes, I received this deal in writing from Competition Infiniti as well as Circle Infiniti. You are correct - when I worked out the MSRP it came to $40,450. I didn't question their typing error as it went in my favor.

    This is my 1st lease.
  • sprinkler13sprinkler13 Member Posts: 452
    Ok...so I plugged in your numbers and here is what it appears like they are doing. Sorry...I am bored at work, so this will likely be lengthly :)

    The cap cost they are quoting you is good...it's basically invoice. However, they are basically making up for it by having you pay an EXTREMELY high down payment. Here are my calculations and while they won't be exact since I don't have all of your specifics, I think that I can come up with a scenario that makes sense based on my recent lease and knowledge of what they actually charged me for closing costs (at least in CA).

    The closing costs should only be (my actuals in BOLD): 1st month payment, registration (320), doc fee (45), and upfront taxes (50). Now, different states have different fees and registration can certainly be different, but those are the basics. There is also a standard $595 dealer fee which personally, I choose to pay upfront so that it doesn't get financed in the lease.

    That being said, lets use the example where you didn't pay the dealer fee and just paid the closing costs of around $830. That would leave 4470 for the dealer to put towards offsetting his "invoice" pricing. I cut and pasted from my own spreadsheet below to show you how it calculates...and my spreadsheet calculates things exactly the same as the dealerships.

    Lease Payment
    Cap Cost $37,088.00
    Acquisition Fee $595.00
    Total Cost $37,683.00
    Down Payment $4,470.00
    Trade-in $0.00
    Total Cap Red.$4,470.00
    Amt Financed $33,213.00
    Money Factor 0.210%
    MSRP $40,640.00
    Residual $22,758.40
    Residual, Percent 56.00%
    Term, Months 39
    Sales Tax 8.65%
    Monthly Depreciation $268.07
    Monthly Money Cost $117.54
    Lease Payment $385.61
    Sales Tax $33.35
    Total Payment $418.96
    Upfront costs
    Number of Deposits 0
    Deposit $0.00
    Bank/Doc Fees $45.00
    Upfront Tax $50.00
    Dealer Fee $0.00
    License & Registration $320.00
    Drive0ff $5,303.96 (1st month, bank/doc fees, registration, cap reduction)

    As you can see, my spreadsheet pretty much mirrors your quote +/- a couple of bucks. If I were to re-calculate with only 2662 towards cap reduction and the rest towards closing costs, your monthly payment would be higher, so I'm pretty sure that this is how they are breaking it down.

    Now...as any of the regulars will tell you, you should never put money towards cap reduction. If you are willing to fork over that much upfront, you should instead apply it towards extra security deposit payments which are REFUNDABLE at the end of the lease. Your monthly payment will be higher, but when you figure that you will get a large chunk back at the end of the lease you actually will pay less. Each addl. deposit ($600 ea.) will reduce the MF by .0001, and you can put down a maximum of 9 addl. deposits. If you put down say 7 extra deposits, your monthly payment will be $507 per month (incl. tax) but remember that you will get $4200 back at the end of the lease! Another thing I'd think about is just doing a standard 36 month lease. 39 months always seem better because the payment might be lower, but the MF and residuals aren't always better, you are on the hook for 3 addl. months, and you will end up paying a full years registration and only use it for 3 months. The best 36 mo/15k rates for the X in March are .00175 and 57% residual. Here is what it looks like with the 36 month numbers:

    Cap Cost $37,088.00
    Acquisition Fee $595.00
    Total Cost $37,683.00
    Down Payment $4,470.00
    Trade-in $0.00
    Total Cap Reduction $4,470.00
    Amt Financed $33,213.00
    Money Factor 0.175%
    MSRP $40,640.00
    Residual $23,164.80
    Residual, Percent 57.00%
    Term, Months 36
    Sales Tax 8.65%
    Monthly Depreciation $279.12
    Monthly Money Cost $98.66
    Lease Payment $377.78
    Sales Tax $32.68
    Total Payment $410.46
    Upfront costs
    Number of Deposits 0
    Deposit $0.00
    Bank/Doc Fees $45.00
    Upfront Tax $50.00
    Dealer Fee $0.00
    License & Registration $320.00
    Drive0ff $5,295.46

    This would give you essentially give you a lower monthly payment, AND you'd be responsible for 3 months FEWER payments.

    And here is the same 36 month lease with the minimum out of pocket and paying the dealer fee upfront so that you are ONLY financing the Cap Cost.

    Cap Cost $37,088.00
    Acquisition Fee $0.00
    Total Cost $37,088.00
    Down Payment $0.00
    Trade-in $0.00
    Total Cap Red. $0.00
    Amt Financed $37,088.00
    Money Factor 0.175%
    MSRP $40,640.00
    Residual $23,164.80
    Residual, Percent 57.00%
    Term, Months 36
    Sales Tax 8.65%
    Monthly Depreciation $386.76
    Monthly Money Cost $105.44
    Lease Payment $492.20
    Sales Tax $42.58
    Total Payment $534.77
    Upfront costs
    Number of Deposits 0
    Deposit $0.00
    Bank/Doc Fees $45.00
    Upfront Tax $50.00
    Dealer Fee $595.00
    License & Registration $320.00
    Drive0ff $1,544.77

    Higher monthly payment, but you get to keep the money in the bank earning interest. Or put 6 addl security deposits ($3600 total) and reduce the payment to $495/mo. and get a $3600 refund at the end of the lease.

    So, IMO, the cap cost is excellent as it's just over invoice, but re-think the large cap cost reduction...that is just giving them money (profit). Sorry again for the long post :blush:
  • kp22kp22 Member Posts: 20
    I am currently leasing a 2004 G35x that is up in 6 months. I was contacted by my dealership about getting out early and getting into a new 2007 G35x lease. I decided to entertain the offer. I have only 22,000 miles on my 2004 G35x which is far less than what my lease called for. I could actually buy the car for $19,540 based on our agreed upon purchase price at the beginning of the deal and sell it for approximately $22,000. I am trying to use this against my dealership to get a better deal on the 2007 lease. Here are the latest numbers that we've discussed:

    MSRP - $37,740
    10,000 miles/year
    39 months
    Zero Cap Cost Reduction
    Out of Pocket: Required Closing Costs (approx - $2,000)

    Monthly Pmt: $400

    I get out of my current lease six months early. I am also considering reducing my term to 36 months since I learned in a previous post that I would end up paying for a year's worth of registration fees for only 3 months of use.

    Please let me know your thoughts. Thanks!
  • sprinkler13sprinkler13 Member Posts: 452
    First of all, we need more specifics on the vehicle. What options? what state and tax? Does the monthly payment include tax? Do you know what the residual and money factor are? How about cap cost? The more info you can provide the easier it will be to figure out. Don't be afraid to get detailed specifics from them especially about closing costs. If they hold back info, I'd be skeptical.
  • kp22kp22 Member Posts: 20
    Thanks for your reply, sprinkler13.

    Options:
    SIRIUS™ Satellite Radio $300.00
    Premium Package $2,150.00
    Wood Trim $450.00
    Splash Guards (non-sport only) $140.00
    Trunk Cargo Net $50.00

    State: New York
    Tax: 7%

    I do not believe the monthly payment includes tax.

    I do not know what residual value, money factor or cap cost they are using. Please advise as to what they should be using if you know. Frankly, I have been focused on the monthly payment and how much out of pocket. I do not want to apply any money towards a cap cost reduction. I onlt want to pay closing costs and if I can avoid those, I would. Those are the two factors that affect me.

    I am not an expert at this by any means nor do I enjoy it that much. I just want to get the best deal that I can and drive away with the car.

    Your thoughts and advice are greatly appreciated. Thanks!
  • e325rkhe325rkh Member Posts: 71
    Thank you for your thorough analysis. I left out the part that the total due at signing breaks out as follows:

    Cap cost reduction $2,661.64
    1st Month's Payment $419.83
    Dealer Fee $607.50
    Taxes Paid Up Front $1,694.18
    Total Due at signing $5,383.16

    Also, I read the posts (very helpful, thank you) relating to the extra security deposits and I wanted to go that route, however, when I contacted my dealer (Competition Infiniti in St. James, NY), they stated that they are no longer doing this. Is that right?

    Thank you for your help.
  • kyfdxkyfdx Moderator Posts: 236,830
    New York regulations don't allow for any security deposit over $750.. So, the MSD program is not available there.

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  • e325rkhe325rkh Member Posts: 71
    Would I be able to do it if I used a New Jersey dealer?
  • kyfdxkyfdx Moderator Posts: 236,830
    Not if you live in and register the car in New York.

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  • sprinkler13sprinkler13 Member Posts: 452
    I'll try to take a look at this today when I get some free time. Also, since you don't have the MF and Residual, it would only be an educated guess as I've seen the posted rates for 12k miles and 15k miles, but not for only 10k. Either way, I'll assume that your price doesn't include tax as it would probably say if it did.
  • sprinkler13sprinkler13 Member Posts: 452
    kp22...when you received that quote did they tell you anything about your current vehicle and if they were applying it to the new lease. Honestly...with the numbers that you gave me and using the financing numbers I've seen, I just don't know how they can be going that cheap (even if it's pre-tax) without there being some real value to the early trade in. If you can find out the cap cost of the NEW car and what they are giving you for your old car that would really help.
  • jamellajamella Member Posts: 12
    Inquiring from Indiana (sales tax= 6%)

    Lease option #1:
    2007 G35X $37,290 (premium pkg, satellite radio)
    36 months x 10,000 miles per year with First payment only down and Security deposit waived $603 plus tax with a residual of 59% or $22,001 and a money factor of 00245

    Lease option #2: (premium pkg, satellite radio)
    In regards to the 2007 G35 lease, 99% of people put down the basic fees which are first payment , security deposit , bank fee and tax which is a total out of pocket of $1326. If you do not put the fees down they are rolled into your lease, they are paid one way or the other. So if you put the basic fees down your payment will be $581 tax included with basic fees only down.

    Can you please tell me what the dealer is doing here?
    Have the numbers actually changed at all or are they rolling costs into the lease? What is the best deal I can get on this car? I am frustrated. Please advise.
  • gasmangasman Member Posts: 16
    I also have an '04 G35X on lease and the dealer called me all hot about the deal where they'll take the car back early if one leases a new one. I'm in NY, and I have 5 payments left.

    I ran the numbers on a lease calculator. My current lease MF is .00165. I read on this board that the MF on a new lease is .00243. If the price and fees of the new car are exactly the same as the old one, just the difference in the MF will cost $60/mo more. Over a 39 mo lease that will obligate me to about $2400 more in payments, vs. the value of my remaining payments, which is the same. Sounds like a wash.

    Am I missing anything? Do I have the correct MF?

    Thanks.
  • csonka1csonka1 Member Posts: 11
    Car_Man, Sprinkler13 and any others that may be able to assist, below is the proposal from a local dealer w/ their actual breakdown. NYS 8% sales tax applies. What is your advice? Is it a good deal? Does it compute properly?

    2007 G35x, premium package, satellite radio, cargo net and splash guards
    MSRP (including de $700 destination charge): $37,290
    Selling Price: $35,300
    Rate Lease Money Factor: 1.76
    Residual Factor: 57% at 39 months at 12k miles per year
    Downpayment: $5k broken down as:
    cap/red: $2,312.13
    doc fee: $45
    tax: $1496.06
    tire tax: $12.50
    1st month payment: $396.31
    bank fee: $595

    For some reason, the breakdown they provide for the $5k comes up $143 under $5k. I am waiting on a phone call to advise why.

    I may also seek, as suggested in this forum, putting no or less money down. If you have a breakdown w/ no money down or w/ first month and whatever other fees (registration fees) are required to be put down only, that would be wonderful to examine.

    I appreciate your thoughts and advice.

    Zonk
  • gasmangasman Member Posts: 16
    Which dealer? I'm in NY also.
  • sprinkler13sprinkler13 Member Posts: 452
    Without going too far, in the first one the money factor is pretty high. Here are the current IFS financing numbers. Now that doesn't mean the dealer necessarilly MUST give it to you, but at least you can see what the lowest avail thru Infiniti is and if they are marking it up. You might also be able to find a lower number thru a bank, but if you stay with 24 or 36 months your best bet is probably thru Infiniti Financial Services.

    Infiniti Financial Services Lease Rates & Residuals – Effective 3/6/07

    Rates may vary by region. Your dealer is not obligated to offer these rates.

    Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms

    2007 Infiniti G35 Coupe / Compare Bank Lease Programs HERE (3)

    24 mo/15k mi – Residual Value 71% of MSRP – .00232 Money Factor Buy Rate
    36 mo/15k mi – Residual Value 60% of MSRP – .00243 Money Factor Buy Rate
    48 mo/15k mi – Residual Value 47% of MSRP – .00244 Money Factor Buy Rate
    60 mo/15k mi – Residual Value 40% of MSRP – .00256 Money Factor Buy Rate

    2007 Infiniti G35 Sedan / Compare Bank Lease Programs HERE (3)

    24 mo/15k mi – Residual Value 67% of MSRP – .00162 Money Factor Buy Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00196 Money Factor Buy Rate
    48 mo/15k mi – Residual Value 46% of MSRP – .00238 Money Factor Buy Rate
    60 mo/15k mi – Residual Value 38% of MSRP – .00259 Money Factor Buy Rate

    2007 Infiniti G35 Sport Sedan / Compare Bank Lease Programs HERE (3)

    24 mo/15k mi – Residual Value 65% of MSRP – .00191 Money Factor Buy Rate
    36 mo/15k mi – Residual Value 55% of MSRP – .00176 Money Factor Buy Rate
    48 mo/15k mi – Residual Value 44% of MSRP – .00238 Money Factor Buy Rate
    60 mo/15k mi – Residual Value 36% of MSRP – .00257 Money Factor Buy Rate

    2007 Infiniti G35 X Sedan / Compare Bank Lease Programs HERE (3)

    24 mo/15k mi – Residual Value 68% of MSRP – .00164 Money Factor Buy Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00175 Money Factor Buy Rate
    48 mo/15k mi – Residual Value 47% of MSRP – .00240 Money Factor Buy Rate
    60 mo/15k mi – Residual Value 39% of MSRP – .00259 Money Factor Buy Rate

    Now...the other info that you need to find out is what is the Cap Cost of the car. We know what the MSRP, but the cap cost is negotiable. Once you know the cap cost, you can calculate the payment accurately. Also, get a detailed breakdown of all closing costs (doc fees, taxes, dealer fees, etc.) It looks like they gave you a total for that already, but just make sure that it includes the $595 acquisition fee. Sometimes they like to charge the acq. fee and then charge a high "dealer fee". It's just a way to pad profits. For example...on my lease I paid the fees upfront. There are differences in costs from state to state, but some things can be negotiated. I paid 1st month (varies), registration (varies), doc fee ($45 but can vary), upfront tax ($50 but can vary), Acq fee ($595 non-negotiable). I was coming from another Infiniti so I didn't have to put a sec. deposit, but some people might. Other than that there really shouldn't be any other "signing" fees. Also find out if they have any dealer add-ons that are included...those can be pure dealer profit as well and are sometimes negotiable.
  • sprinkler13sprinkler13 Member Posts: 452
    OK...so I plugged in your numbers and other than the discrepancy in the 5k down payment I am coming up with the same pre-tax monthly payment. Unfortunately, I am not exactly sure how it works with paying all the tax upfront. If it's supposed to be calculated by multiplying what you would normaly pay monthly by 39 then it doesn't add up quite right. On a monthly payment of 396.31 the tax should be like 31.70 per month x 39 months = 1236.30. Also, I didn't see anything in there for registration costs, so you should find out about that. They are giving you the best MF and residual for a 36 mo/15k lease. Usually the 39 mo. lease numbers aren't as favorable, so maybe they are giving you a break there...you might want to double check those too. Invoice on your configuration is like 34180, so it's about 1100 over which isn't awful...it isn't the best I've seen but I've seen worse too. You could try to talk them down maybe. I don't suggest putting 2300 as cap reduction. I don't think that you can do multiple sec. deposits in NY so just keep it in the bank. Your monthly payment will be higher, but there is no reason to give them the money upfront. Here is a copy of what your current quote looks like so you can see how the numbers kind of work.

    Lease Payment Calculation
    Cap Cost $35,300.00
    Acquisition Fee $0.00
    Total Cost $35,300.00
    Down Payment $2,312.00
    Trade-in $0
    Total Cap Reduction $2,312.00
    Amt Financed $32,988.00 (A)
    Money Factor 0.176% (B)
    MSRP $37,290.00
    Residual $21,255.30 (C)
    Residual, Percent 57.00%
    Term, Months 39
    Sales Tax 8.00%
    Monthly Depreciation $300.84
    Monthly Money Cost $95.47 B*(A+C)
    Lease Payment $396.31 (pre-tax)
    Sales Tax $31.70
    Total Payment $428.01 (if you were to pay tax monthly)

    Upfront costs
    Number of Deposits 0
    Tire Fee $ 12.00
    Bank/Doc Fees $45.00
    Upfront Tax $1,496.00
    Dealer Fee $595.00
    License & Registration $0.00
    Drive0ff $4,856.31

    Myself, I like to pay the doc fees, registration, 1st month, and acq. fee up front and only finance the cost of the car. I also put down multiple sec deposits, but I am in CA so the rules are different here. I also don't like 39 month or 42 month type leases. remember you will still have to pay full price on your registration for those last 3 months, and then you will have to pay again in your new car. If I use the same cap cost, MSRP, and cap reduction, but use the 36mo/12k numbers (59% and .00176) your pre-tax monthly payment is 402/mo. (only 6 bucks more per month, but 3 months less on the lease) Without the cap reduction it is $508/mo. for 36 months.
  • sprinkler13sprinkler13 Member Posts: 452
    If you look in one of my earlier posts, you will see the current buy rate numbers IFS is offering for March
  • csonka1csonka1 Member Posts: 11
    Sprinkler13, thank you for your info. You were right on about the registration as I confirmed the discrepancy in the $5k down, which is $143, is for registration.

    As for your other points:

    You are correct that NY does not allow multiple security deposits. I could put 1 security deposit down for $400 but that would only save me about $5 per month and tie up the $400. I am leaning toward not putting down the $2,300 as cap reduction as you suggest. Based on your calculation, am I correct that my monthly payments then would be $428.01? If so, that increases my overall total payment over the 39 months by $1,236.30 and yet I would not be putting down $2,312 so I would have a $1k net. Right?

    As for registration, when you transfer plates from your previous car to your new car, the registration picks right up and you do not lose out on any registration expense previously paid. Last lease I had (before my current one) expired in the month of December. The registration on my current lease, which commenced 5/1/04, expires this December.

    As for the 36 month lease, I am told by the dealer the rates are not as good and that the best rate this month is for 39 months (which is fine w/ me really); however, is the dealer bull s....ing me on the 39 month being the best rate?

    Thanks for all your help and let me know about the above, particularly the monthly payments if I do not put down the $2,300.
  • csonka1csonka1 Member Posts: 11
    Gasman, I'm not in LI.
  • chefadam1chefadam1 Member Posts: 4
    Hello,

    I am in sales and unfortunately my company is pulling our car program. I am in a 2006 Chrysler 300, company owns the vehicle so I am going in without a trade.

    My heart is set on the G35 Coupe Base.

    Competition Infinity on Long Island NY.

    Here is what I was given:

    2007 G35 Coupe
    24 month lease
    25K miles per year

    MSRP 33,450
    prem package 2,850
    sport pkg 1,600
    Total $37,900 (taken off of Infinit website)

    MSRP $35,511.79 (They said MSRP for these options is $37,500 guess they were close)
    Residual is $25,475
    Taxes 1,291.25
    Bank 525.00
    Tire tax $12.50?

    Payment
    $499/month with $4,000 down, includes taxes upfront
    $599/month with $2,500 down, does not include taxes.

    My company pays me $.485 cents per mile as a reimbursment so I can swing the payment and still have enough for gas and insurance as long as I drive 2,100 miles per month.

    Does this make sense? Am i miising anything? Any suggestions on doing more homework here?

    Thank you!
    Adam

    INCLUDES Premium Package and Sports package (gotta have the bigger tires)
  • chefadam1chefadam1 Member Posts: 4
    How much should my lease payments drop going from a 24 month to 30 month lease.

    Thanks!
  • sprinkler13sprinkler13 Member Posts: 452
    No...the $428.01 is the monthly lease payment you were quoted PLUS tax. For example...here in CA, I don't have to pay all of the tax upfront, so if I was using the exact same numbers as you, my monthly payment would be higher $428 (including tax), but my closing costs would be lower. Get it? As for the registration thing...maybe it's different there, but when my lease was expiring in December I was going to have to extend for 1 month until I could find a new car. When I asked about it, I was told that even if I just paid the registration 1 month ago, it wouldn't transfer over with me and I'd have to pay again on the new car. I could be totally wrong and maybe they didn't realize I had personalized plates that came with me, but that's what I was told.

    As for the 39 month vs. 36 month rate, it is possible that they have better rates for 39...they change all the time and sometimes they have specials like that. But, like I showed you, the best 36 month rate will only end up being a few bucks more a month, but you are responsible for 3 fewer months...it's up to you.

    If you don't put the money down for a cap reduction, your monthly payment should be $460/month based on the 39 month numbers you gave me. If they are giving you the option of putting down a security deposit for 400.00 and it lowers your money factor by .0001 (like it should) it is worth it. Eventhough it ties up the 400, your payment will be lower by about 5 bucks, BUT...the security deposit is REFUNDABLE at the end.

    My suggestion...and this is just based on what I would do. I would tell them I want the best 36 month rates, which for 12k miles a year are 59% and .00175. I would push for a lower cap cost if possible. I would also pay the closing fees (1st, registration, acq. fee, doc fee, tax) upfront and just finance the car. If the sec. deposit will lower my payment I would also do that. All in all, I don't think that your dealer is bs'ing you really. I think that they are burying a couple hundred in there somewhere, but it's hard to say as I don't know how paying ALL of the tax upfront works.
  • sprinkler13sprinkler13 Member Posts: 452
    Here is what you should do first. Find out the Cap cost, Money Factor, Residual percentage, and how many miles a year that includes. Also, get them to give you an itemized breakdown of the closing costs. Also find out if there are any other fees that you should know about. Acquisition fee, etc. Then when you post that we can see what fees are legit and what are padded dealer profit. You are planning a fairly high amount of mileage which can be costly in a lease. I am only familiar with lease numbers up to 15k, not sure how it works above 20k per year, so unless they give you the financing numbers that reflect that I wouldn't want to try to guess and be wrong.
  • csonka1csonka1 Member Posts: 11
    Sprinkler13, I think I was not clear earlier or maybe I am not getting it. The quoted lease payment I received of $396.31 is not a pre-tax sum b/c the tax is part of the $5k down. So, your initial reply showing the lease payment of "$396.31 (pre-tax)" is confusing me. Can you clarify?

    What I am curious about are the numbers w/o putting down the pre-tax amount of $1,496.06 and rolling that number into the monthly payments. And the numbers if I do not put down the $2,312 cap reduction. Maybe we'd still arive at the $460 per month figure you provided. I am not sure. Your thoughts are really appreciated.

    Thanks.
  • sprinkler13sprinkler13 Member Posts: 452
    Ok...when I said pre-tax payment, it is just as it sounds...that is for the monthly depreciation and the monthly financing. Now, from that we still have to add tax, which in your deal they are quoting you to pay it all up front. I am not that familiar with doing that myself so you will have to ask them how they figure out $1496. If you didn't pay the tax up front, and you paid monthly like me, my calculations show it as 428/mo.

    If you don't pay the $2312 cap reduction your cost for depreciation and financing is $460/mo. The tax will be different and likely your total to pay tax upfront will also be different from the $1496 amount. If you didn't pay the tax upfront or the cap reduction your monthly payment will be $496/mo.

    You should definitely ask them to figure out how they come up with $1496 for the taxes...it seems like they are charging you the tax on the cap cost of the car, but aren't taking your cap reduction into consideration.
  • csonka1csonka1 Member Posts: 11
    Ok, now were on the same page. Thanks for the info. Much appreciated.
  • milsey2milsey2 Member Posts: 12
    With normal inception fees down (approx. $1,600?)
    G35 Journey Sedan
    15K miles/year
    39 months
    MSRP - $35,140.00
    What would a good PRE-TAX lease cost?
    Would $430/month come close??????????
  • jamellajamella Member Posts: 12
    Here is the response I received from the dealer:

    I have the exact car 2007G35x Black with premium, satellite radio in stock, just wanted to let you know.FirstPayment = $581
    Security Deposit = 0
    Bank Fee = $595( same as acq fee)
    tax = $35.70
    Doc fee =$99
    Title App = $15
    Tire Tax = $1.25
    total $1326.95 which is your total out of pocket on the 36m x 36k lease $581 tax included

    Lease Payment
    Sale Price= $36,589.88
    Bank Fee = $595 or Acquisition Fee
    Money Factor = ..00200
    MSRP = $37,290
    Residual = $22,001.10
    Residual %= 59%
    Term 36 months
    sales tax 6% on payment
    monthly depreciation = $430.08
    Monthly money cost = $549.05
    Lease payment = $549.05
    sales tax = $32.94
    Total Payment= $581.99

    What do you think of this deal? The MSRP $37,290. The MF still seems a bit high. Where is the cap cost? Any advice?
    Thanks!
  • urirx98urirx98 Member Posts: 51
    My new lease for a G35 journey with premium, navigation and 18 inch tire package was 525 with 1300 out of pocket. Ofcourse i didnt want to pay all that out, so i rolled a grand of it that included my last payment of my Mdx, which was 599. So my eventual payment was 560 with 500 out of pocket. I payed the 500 on my credit card and just got my 599 check back from infiniti. I think i did pretty well,
    wg
  • ctmortgagemanctmortgageman Member Posts: 1
    What does everyone think about this lease:

    2007 G35x AWD, Premium, Nav, Tech, Rosewood
    Blue Slate/Graphite (in stock)
    MSRP $40,500
    Selling Price $37,299
    39 months/15k a year
    $545 per month
    $1,441 due at signing, which includes:

    $545 1st month
    $595 bank fee
    $51.32 tax on bank fee
    $250 out of state registration

    Residual $22,680
    Money Factor .00176

    Any advice would be appreciated :)
  • imshane54imshane54 Member Posts: 5
    I received a lot of help from you all, so I'd like to help in return. I just bought a new 2007 G35 Journey Sedan with the Premium package+ premium sport wheels. The MSRP was about $35,400.

    On a 39 month lease with $1,000 drive-off, my payment was 489 tax-in. I bought it at Sawgrass infiniti, Sunrise, FL. :)
  • sprinkler13sprinkler13 Member Posts: 452
    Well...MOST of your numbers are really good. The cap cost is only about $350 over invoice. The residual and money factor are good considering it's basically the 36 month numbers and they only reduced the residual by 1%. The signing fees look normal. the only thing is that the monthly payment doesn't look right. By my calculations, with your cap cost, MF, and residual, that should be the 36 Month payment NOT 39 months. For 39 months, it should be more like $518/mo (including tax). You are probably better off having them give you the same payment but for 36 months only and save you 3 months of payments. Or, if you really want the 39 month payment, have them lower it.
  • toddr3toddr3 Member Posts: 19
    I looking at leasing a G35 Sport auto with the Nav, Prem, and Technology packages. Does anyone have any pricing figures on this setup? I am in West Palm Beach, FL any suggestions on Dealers?
  • toddr3toddr3 Member Posts: 19
    I live in Boynton and am looking for a G35 sport 5AT. I am working with Palm Beach Infiniti now. Did you shop all local dealers and Sawgrass was cheaper or did you start at sawgrass?
  • sprinkler13sprinkler13 Member Posts: 452
    That deal doesn't look that good at all. First...when I calculate the numbers, using their cap cost (sale price), money factor, MSRP, Residual, and tax %...I can't seem to get anywhere near their price. It looks like they are charging you twice for the Bank Fee...once in your closing costs, and then adding it to the sales price when calculating the monthly lease payment. The money factor is high, but the don't necessarilly have to give you the best published price, but you should definitely push for it. For 36 months it's .00175. The residual is good. The sale price isn't that good though. You should definitely push for a better sales price. MSRP is $37,290, and Invoice is $34,179...thats about $3k to work with. So, basically, they are only going about $700 off of sticker (MSRP) and then they are adding it back by charging you for the $595 bank fee. You definitely have room to play with. They should lose one of the bank fees for sure. Either you pay for it upfront and it doesn't get calculated in the lease, or you roll it into the lease and don't pay it up front...NOT BOTH. You should also try to get them to come down on the Sale Price and try for the .00175 Money Factor. For example, if you remove the bank fee from the lease payment and get the lower Money Factor, your monthly payment should be about $538/mo. including tax. And that is keeping the same sale price you were quoted ($700 below MSRP). See below.....

    Lease Payment
    Cap Cost $36,590.00
    Luxury Tax $0.00
    Acquisition Fee $0.00
    Total Cost $36,590.00
    Down Payment $0.00
    Trade-in
    Total Cap Reduction $0.00
    Amt Financed $36,590.00 (A)
    Money Factor 0.175% (B)
    MSRP $37,290.00
    Residual $22,001.10 (C)
    Residual, Percent 59.00%
    Term, Months 36
    Sales Tax 6.00%
    Monthly Depreciation $405.25
    Monthly Money Cost $102.53 (B*(A+C))
    Lease Payment $507.78
    Sales Tax $30.47
    Total Payment $538.25


    Now, for every $100.00 you can reduce your Sale Price (Cap Cost), you can expect your monthly payment to drop roughly 3 dollars/mo. The other thing is that the math doesn't add up on your out of pocket numbers, but I am assuming that the small discrepancy is for vehicle registration. Hopefully, now that you have some info, you will be more prepared to deal with them and can get yourself a new car :) Best of luck!
  • imshane54imshane54 Member Posts: 5
    Sawgrass was better by a long shot! Larry at Palm beach was the second best. He was very nice, but Sawgrass was better. Contact Hassan or Mike in the internet department. Good luck. They will remember my name (I just got the car on Saturday) if you want to use my name. It was my second car from them in 6 months. They made the process very easy.
  • urirx98urirx98 Member Posts: 51
    I live in Boynton beach aswell, and i leased at Coconut Creek Infiniti, they actualy own sawgrass infiniti aswell as a few other dealerships in the state. I had a friend in teh leasing business call a guy at sawgrass infiniti, and i had CCinfiniti beat the deal, as for ANdrew or Dane if you go. I got good service from them, and if you need any other info, let me know. THe info of my deal is posted in this thread, on the page before. Hope this helps.
  • kp22kp22 Member Posts: 20
    sprinkler13...I was able to finally touch base with my dealership to get a more detailed breakdown of their numbers. The latest and supposedly final offer they put on the table is as follows:

    MSRP: $37,740 (Premium, Satellite, Wood Trim, Splash Guards, Cargo net)
    Cap Cost: $35,055
    Money Factor: .00176
    Residual Percentage: 58%
    Out of Pocket: $3,000 (Includes Sales Tax, Registration Fees, Acquisition Fee/Bank Fee, $500 deposit (not security...seems like it might be dealer profit) and 1st pmt).

    Lease terms:
    39 months
    10,000 miles

    Payment Offered: $423.50

    Is this a good deal?

    As I have mentioned in previous posts, I only have 22,000 miles on my 04 G35x. My lease allowed for 39,000 miles by September. I was hoping to get some concession from the dealership knowing that they can sell the vehicle for a hefty profit. They are telling me that there is no value to them and that corporate Infiniti takes the vehicle back. I find that hard to believe. Do have any insight on what dealerships do with returned leased vehicles?
  • vmontielvmontiel Member Posts: 4
    Hi there
    can somebody calculate my payments on my car.
    Im looking at the new 2007 infiniti g35 sport with automatic tran.
    msrp $37,050
    my price its $34,062
    I like to know my money factor and residual for 24 and 39 months.
    Thank you and good luck.
  • sprinkler13sprinkler13 Member Posts: 452
    Well...it looks like they went up 1k in closing costs and higher on the payment since you last posted. Are you paying all of the sales tax up front? Also, that "deposit" is BS, it should either be a refundable security deposit, or it's a cap cost reduction. I wouldn't pay a cap reduction. Your cap cost isn't bad, it's $500 over invoice. The money factor is good. The residual is ok, but honestly, you are probably better off going with a 36 mo./10k lease which should be .00176 and 60% respectively. Your payment is only about 6 bucks more a month but you are responsible for 3 fewer payments. If that payment doesn't include tax, they are burying addl. cap reduction in your closing costs. 3k is way too high IMO for just closing costs. If they are not factoring in ALL of the tax upfront ($1300+ or so) then it's definitely not a great deal...unless you are just dying to break your current lease and want an out. Not sure what they do with your car, but you are well under mileage and if you like the car, you can just ride out the end of your lease and in 6 months be able to work a very good deal on a new one.
  • sprinkler13sprinkler13 Member Posts: 452
    Is that MSRP for a sport w/premium and spoiler? If so, $34,062 is very good as it's only 100 over invoice. You need to see what they are offering you for MF and residual and then someone can calculate it. They could say they are giving you 100 over invoice on the car, but then inflate the MF and residual to 'make up' for their discount. Get as much info as you can. Try to get an ITEMIZED breakdown of closing costs too and how much goes to each specific item that is covered by closing costs.
  • kp22kp22 Member Posts: 20
    sprinkler13...thanks for your reply. As far as I know, the $3k upfront included all of the sales tax (roughly $1,200), the BS $500 deposit (which I will refuse to pay), registration fee ($217.50), acquisition/bank fee ($595) and 1st payment ($423.50). Other than the BS deposit, are the other fees legit? Before I do anything I will confirm that there are not any other buried fees or cap reductions.

    Truthfully, I am not too anxious to get out of my existing lease early. I never would have considered it had I not received calls from the dealership trying to persuade me. I figured if I was able to get a great deal, I might as well do it. I told the dealership that I needed the deal to be real sweet in order for me to do it. Otherwise I am going to drive my 04 Infiniti G35x as much as I can until the lease is up in September.

    I actually was on the phone with the dealership last night and they got off the phone with me abruptly because they were frustrated. I just received a voicemail from the sales manager hoping to talk more. I plan on calling him tomorrow to discuss further. Given the information that I have given you so far, what would the deal have to be for you to get out of a lease like mine early? I am know that is a difficult question, but any advice you can provide before I call the sales manager tomorrow would be greatly appreciated. Thanks again for all of your assistance so far!

    I would appreciate any other input from others as well. Thanks!
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