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Comments
Based on what you've provided me:
MSRP = $39,130
Invoice = $35,810
Tax = 6%
Assumptions: Agree on $36,210 as purchase price of car ($400 over invoice). Pay license, title, doc fee (if applicable) and acquisition fee up front.
I come up with a payment of $559.81 for the 24 month term and $468.99 for the 39 month term. So, I'm having trouble reconciling to the dealers numbers with $2,000 down.
Did you get a dollar figure from the dealer in terms of agreed upon price? Does the $36,210 sound familiar? Let me know.
Try to get around invoice.
PK1
p.s. Rich Rod has A LOT of work to do in the next few years...
Ok My out of pocket numbers I gave you are slightly off... The deal is $1500 Cost Cap reduction, but they will throw in the $500 loyalty for a total $2000 Cap reduction. I will pay tax,license, first month at closing in addition to the $1500.
I am trying to negotiate with them today and if they bring the monthly payment, keeping everything the same, to $400/month on the 39 month deal, I think this is good...share thoughts on above pls.
Your numbers regarding MSRP/Invoice are inline with mine, he quoted me $400 over invoice, but did not disclose that figure ($36210???).
P.S...depressing weekend in MI Sports...lets hope for next year!!
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I'll tell you a funny story. My brother-in-law lease a 2006 BMW 3 On Jan 06 and put down 5,000 grand, yes 5K as a downpayment because he felt that his payments were going to be too large otherwise. Long story short, his beautiful BMW was totalled on December 06 traveling east on the belt parkway heading to Long Island (for those in the east coast)....do you know what was the replacement cost of the car according to the insurance company? 28,350! (he had no gap insurance either) and the value of the car according to the lease company (BMW) was aprox $34,000. That was $5,650 that he had to come up with plus the 5k he put down. Even after I showed him articles, internet forums posts and in real numbers, he still choose to put a downpayment to "lower" his pmts.
Some lessors will never learn their lesson, sad but true
Happy leasing
Congratulations on your new car!!! WOW. Super exciting. I want the SAME ONE!!!
I've been reading thru all these posts and as a leasing newbie, I'm a little confused (with all the technical stuff). I am looking at getting almost the same car as you but ...I'm thinking of foregoing the Nav so that I can get a lower pmt (although I'd love to have it!).
Can you give me your bottom line numbers? How many miles per year? Monthly pmt (incl tax)? Lease term (39 mo)? How much money out of pocket?
Here's the deal I'm working on (now, I know all these posts say to negotiate a selling price for the vehicle - but, I read that AFTER I got all my quotes!!!). I started out by emailing a bunch of internet mgrs and little by little got the pmts down - but I dont have much to compare it to. I would just like to compare my bottom line numbers with yours to see where I'm at.
MSRP: 40,055
$ out of pocket: 2500
39 mo lease
15k mi/yr
monthly pmt (incl tax) = 465
Plus - they will pay one of my last 2 lease pmts on my current car which equals $510.
Can you share your numbers with me?
I'm a single Mom, have no clue, and need all the help I can get!
Thanks,
Signed - hoping for a black on black G37 w/prem & nav - Deb
Is he lying to me or is that true?
MSRP x Residual % = Residual
Selling Price + (other costs you are rolling into lease) - (cap cost reductions) = Cap Cost
(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) x Money Factor = Interest
Depreciation + Interest = Base Monthly Payment
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
In simple words:
They use the MSRP as a starting point
Then you negotiate a selling price like you would when buying
That new price, is what the leasing number is based on. All the math
is done from the negotiated price, not MSRP. No one should be paying MSRP on a
2008 G35 now. My dealer in Ann Arbor FIRST offer to me is $400 above invoice
which is $36215 on a $39130 MSRP car.
Not all of the math is based on the negotiated price. Read my post right before yours. Without MSRP you cannot calculate the residual, without the residual you cannot calculate the lease.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Someone just offered me for an Infiniti G35 Journey with Nav, Premium and Wood 35,100 which according to Edmunds is 187 under invoice.
He is telling me that the fees are:
Bank Fee: 595
Dealer Fee: 695
Tag: 130
Tax: 80
Governental Fees: 70
What fees are negotiable? It looks to me the the 695 dealer fee is totally negotiable, isn't it?
You deal equates to $508 over invoice, mine was $495 so they are equal.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
G35x Blue Slate/Graphite w/ aluminum
Tech, Nav, Premium, Cargo Net, Splash Guards, all weather floor mats (dealer threw them in).
39 months/12K miles/yr
MSRP: $41,330
Cap Cost: $36,866
Monthly PMT: $471.79
Cap Reduction: $500 (loyalty cash)
Tax on Bank Fee & Doc Fee: $59.78 (NJ 7.0%)
Doc Fee: $295
License fee: $350
Gov. Fees: $7.50
First PMT: $471.79
Bank Fee: $595.00
Total drive off: $2243 less $500 loyalty cash = $1743
Residual: 55%
MF: .00135
I went with Circle Infiniti in West Long Branch, NJ. I looked at Douglas on Summit and West Chester down by Philly but Circle gave me the best deal.
But some people are ordering them.
Does anyone have any residual / money factor info for 2009 G37x's - coupe and sedan?
I would first like to thank you ahead of time for your appreciated responses.
I am kind of new to leasing, my friend leased a G37 6MT with Prem, Tech, and Nav in May 2008 for 3000 down and 419 a month incl tax. 36 months with 15k/year.
At the time he told me, he said it was a heck of a deal being that others were offering the same car WITHOUT Tech on the same terms but payments of 450+. Those of you that have leased similar G37 can probably vouch for him too agreeing that it was a heck of deal.
Anyway, I am really interested in leasing a G35 Journey sedan and don't need many options, just mats (couldn't find on the build page. is this included?), splash guards and Premium pkg which brings MSRP to 36170 including the 815 destination. I live in the Bay Area of CA and sales tax here is 8.75%.
Being that the 09's are due now and dealers have these 08's left, I would expect to see that dealers would be offering better pricing than they did in May when my friend leased. In May, dealers were ADVERTISING:
2008 Infiniti G35 Journey Sedans (2/4WD) MSRP less $3000 or 24 Month Lease From $349 With *$0*Down
**All Leases require 1st Payment due at signing are based on 12,000 miles per year and Exclude Tax, Title, and License Fees.
I understand from research that 36 month leases lower the payment compared to 24 month and that 12k to 15k miles would be a small increase in pmts.
Anyway, I have read on many forums that the MSRP calculated on the "Build your G" from Infiniti.com is negotiable and I'm really looking for a deal.
I called the dealer who advertised the above today and she said she would have to check if she could continue the May promotion today. I wondered why she would need to check with management to sell cars that NEED to sell fast!
On the local dealer's (who my friend got a killer deal from) website, they have advertised:
G35 Sedan: 24-month lease with $2,995 down due at inception for 349 (assuming plus tax)
I don't know what to do, how do i negotiate the MSRP and is it reasonable to expect to pay 349 incl tax with only 1st month pmt down and 15k/36?
Please advise! Thanks a lot for reading such a long post. Any details I missed?
I will have a cosigner that will qualify in at least Tier 1 if not 0.
I suggest you read the September posts in this thread, and get some leasing info at :
Leasing Guide
Lease Rates
for more information.
One other thing, leasing a G has gotten progressively more expensive since May when your friend leased. The lease rates have gotten worse, and the incentives have gone away.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Can someone please let me know if this is a good deal as i'm kind of new in the business of leasing:
2008 G35X
39 months lease
12K miles per year
Premium package
Navigation package
$2500 out of pocket (to cover inception fees +first month payment)
$450 a month(tax included)
Thank you
Al
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
MSRP: $40230
Negotiated price: $36,964
Monthly payment: $465 (tax included)
Delaler is saying he offered $450 if i'm taking the car for 42 months rather then 39 months.
Thanks.
g35 journey prem w nav
400.71/mo tax incl
2500 otd
39 mos/10k mi yr
invoice: 38,380
thoughts?
Thanks
I've got the following sales price from a So Cal Infiniti dealer of 38660 on a 2008 G37 with Premium, Nav and Sport packages. MSRP is around $42,500. I plan on leasing this vehicle for 39 months and 15K miles a year. I also plan on no money down/ zero out of pocket on this lease. As of today, my current credit score is 663, 676 and 675 per the three credit bureaus.
What type of payment am I looking at? I will also be leasing a FX35 at the same time so I'm hoping the dealer gives me a deal for leasing two cars from him.
Thanks for your insight!!!!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
In short, the best way to get a good deal on a lease is to negotiate as low a selling price as possible on the car that you want and then have the dealer calculate your car's monthly payment using that selling price and its buy rate lease money factor. It is difficult for anyone here to evaluate this deal without knowing what this car's selling price is, and ideally its MSRP or dealer invoice price as well. Let us know what those numbers are and I am sure that either myself or another knowledgeable community member will be happy to tell you what they think.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'll start fresh as the deal changed a bit:
2008 G35X
12K per year
39 Months
Prem. Package
Nav Package
Tech Package
MSRP: $42,575
Selling price: $36650
$2500 to cover inception fees.
Dealer makes a $400 last payment on my Audi
Monthly payment (Tax included): $470
Residual: $22316
Appreciate your comment on this deal.
Al
08 G35 Journey
Premium Pkg
1000 drive off
399+tax
39 mo/15k
What do you think?
Can I get that payment AND drive off any lower?
I'm hoping for like 800 down and 342.18 which would make my payment 375 incl tax (8.75%). Too much?
Note: I got this in writing in an email from a dealer so I suppose I can pass this around and a few dealers will trim here and there until i finally get to my "goal."
Like I believe the body changed from 06 to 07, so when the 07 initially released, did Infiniti offer special incentives or wait?
2008 g35x base
monthly payment of $354.77
bank fee of 595
tax for 1001.35
tire tax 12.5
license plates 100
due at signing inception and 1st payment
what do you guys think?
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Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
39 month lease
an msrp of $35565
the rest of the figures I'll know when I get to the dealer. For now i put a refundable deposit on the car.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I have not heard of an Infiniti dealer marking up a money factor.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Through my local dealer's internet sales dept, was offered G35x w/premium, splash guards & cargo net for $36412. MSRP is 38080 and invoice is 34912. I think this deal sucks, but am wondering what I can realistically get down to. Will be visiting them for a test drive in a week or so. What really got me is the woman starts right out and says to me that I shouldn't even expect to pay invoice as no one is selling for that low. I know she is FOS, but I play dumb and go along. They are the only Infiniti dealer in my area within about 60 miles. Next closest dealer is about that far away.
I heard on the prices paid board that there currently is $1000 to customer and $3000 cash to dealer. Are these applicable to leases? Thanks
If you were to lease a 2008 Infiniti G37 Coupe through IFS right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00215 and 62%. The numbers for an otherwise identical 39 month lease are .00190 and 61%.
You definitely don't want to either of these cars for only 24 months. For some reason Infiniti pulled the plug on its support of 2 year leases. Perhaps it believes that the economy, and in turn vehicles' resale values will be better three years from now. If you were to lease either of these cars with only 12,000 miles per year their residual values would be 1% higher.
Dealers do have the ability to mark banks' buy rate lease money factors up to bake additional profit into deals if they choose to. As long as you know what the buy rate is for the vehicle that you want you should be able to find a dealer that is willing to use it to calculate your payment.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks for the info. I went to a local MD dealer and attempted to negotiate with them based on the numbers you gave me. Here is what I was quoted
G37 R3867 $42,012 Fully Loaded (He said price is about $400 above invoice)
36 months 12k miles per year .00215 and a 61% residual
Monthly Payment $605.00
36 months 15k miles per year and a 60% residual
Monthly Payment $616.00
39 months 12k miles per year .00190 and a 60% residual
Monthly Payment $561.00
39 months 15k per year 59% residual
Monthly Payment $572.00
G35x R3830 Fully Loaded: Tech, Prem, Sport AWD, Nav, Splash Guard
MSRP: $42,380
Invoice: $38,615
Sale Price: $39,218.25
Money Down: $2,000
Taxes: $2,358.98
Gov't Fees: $67.00
Doc Fee: $98.00
Residual $23,732
36 months 12k miles per year .00135 and a 56% residual
Monthly Payment $568.00
36 months 15k per year and a 55%
Monthly Payment $579.00
39 months 12k miles per year .00135 with a 55% residual
Monthly Payment $541.00
39 months 15k miles per year with a 54% residual
Monthly Payment $551.00
When I mentioned the money factor of .00114 he responded somewhat indifferently. He acted as though he wasn't sure what the money factor was but that .00114 is something that that he could do if it was a deal breaker. Lastly and most importantly, the monthly payments he quoted me seem way out of whack from what everyone else is getting on here. Btw, this deal requires that I put $2,000 down and doesn't include tax, tags, etc. According to this dealer, the deals that I'm seeing online aren't accurate because in NY for example buyers pay tax on their monthly payment and not on the sales price of the vehicle itself. This is news to me and still doesn't explain the numerous deals I've seen reported on here in the $470-$490 with only abut $2,000, $2,500 down. Is my MD dealer being straight up with me? Do the $470-$490 monthly payments I've seen on this forum not include the additional tax (like in NY)? Lastly, when people on here refer to their down payment does that typically include tax? In other words is that the total out the door expense or are there additional taxes that are not being mentioned?
I recently had an interesting experience:
I leased a fully loaded 2008 G35X. Upon delivery of the car i noticed some bizarre things:
1. Car was scratched (nothing major) both inside and out
2. Owner manual was missing
3. Car had 238 miles on it and i was told it was driven from a dealership in PA to NJ because they didn't had a truck to transport it.
4. Nav had already entries in it.
5. Sticker was missing (had to send it to the insurance company)
Dealer said he will change all the panels to solve the scratches issues. I said i do not want a "new car" to be replaced with parts. At that point i contacted infiniti consumer affairs to find out that the VIN # is listed on a different name = the car was sold but the deal didn't go through all the way. That i believe explains the miles on the car = someone drove it. The owner of the dealership said he is shocked as to what happened as he didn't know about this issue (so he claims).
They said they would like to rectify this by giving me a new car but i have to settle on interior color (originally i took the washi panels and now i have to settle on wood as they don't have that interior anymore).
What do you think i should do here?
I really love this car but want some kind of compensation as I'm compromising on the interior and for all my hassle. What are my options?
Do i have a case if i decide to take legal actions and drop this entire deal?
Thanks
Al
Looks like a pretty good deal so far considering I pay 400 down and 403.76 a month incl 8.25% tax...and the dealer also told me that it seems stupid to go into a 39 mo lease when I would have to pay the last yr reg and only end up using it for 3 months but I can come to the dealer at 36 mo and in many cases they will have some specials and put me into a new car and pay the last three months themselves...
Car is a G35 Journey with Premium pkg only. MSRP 36015. model 90518. i dont know the selling price, residual, or mf, but when the sales guy called me he said he would do something very "stupid" and gave me the numbers above. Seems like a hell of a deal w/o even knowing the selling price, resid, mf, etc...
What do you guys think? I know this may sound weird but I really want to get down to 399 incl tax (that three in front would really motivate me lol ) which only means i need some dealer to go from 372.99 to 366.xx, or about 6 bucks...
MSRP - 39130
Invoice - 35810
Cap cost 34810 (invoice minus $1K incentive)
39 Mo
MF .00135
Resid. 54%
6.5% tax rate
Due at signing - $1480.27 (595 acq, 40 tax on that, doc and plates 350, first mo 453.99)
PMT = 453.99
My trouble is that I want to do multiple security deposits to bring down the MF but the salesman says that Infiniti DOES NOT do these. He ran it up the pole and they do not do it. As I understood, they do and each one brings down the MF by .0001 up to a max of 9 MSD's. Can you clarify if Infiniti does this and maybe the dealer just does not.
2008 Infiniti G35 Journey with Premium Pkg, Splash, Cargo Net.
MSRP: 36230
Blue Slate on Graphite
MF: .00120
Resid: 53%
39 mo/12k
Looks like edmunds invoice is 33046...
Total Down= 900 - 500 (Rebate for current leasees in same household) = 400
Pmts = 399.99 Incl 8.25 Sales tax...base pmt w/o tax = 366.99
Looks like a heck of a deal huh?