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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Comparing the February and March IFS lease terms on a 2009 G37x for a 39 month 12k miles/year lease, the money factor came down slightly from .00244 to .00229 and the residual dropped from 58% to 57%. I ran some numbers through a lease calculator and if you had gotten the same exact 2009 G37x sedan for the same cap cost (i.e. negotiated price), the monthly payment would almost be identical. I have one month left on my lease extension with IFS on my 2006 M45 Sport so I'm going to wait until April to see if they keep the residual percentage the same and drop the money factor a little more. At least that's what I'm hoping they'll do. I'll bother you for the April lease terms in a couple of weeks.
Also, your montly payment is usually lower with a 39 month lease than a 36 month. If you take the same MSRP and cap cost (i.e. negotiated price) and run it through a lease calculator with both the 36 and 39 month money factors and residual percentages, you'll usually find a lower payment with the 39 month lease even if the money factor is slightly higher on the 39 month lease.
Just as a reminder so people don't have to look back, the March lease terms for a 2009 G37x on 36 month 12k miles/year lease are .00209 money factor and 58% residual percentage. The numbers for an otherwise identical 39 month lease are .00229 and 57%.
Invoice for G37 Coupe with sport, premium, nav, incl. destination is $40.952.
The MF for the coupe seems much worse than for the sedan though (0.00279 vs 0.00209 which equates to 6.7% interest vs. 5.0% interest).
36 month lease residual is at 60% vs 39 month residual at 57%.
There seem to be March incentives for customers (loyalty) of $500 and dealers of $2,000 floating around.
Can someone verify or point out where/how to get a better deal? The dealer mentioned to stay put for a few more weeks until better incentives are coming out.
Any thoughts?
Thanks.
I don't think you can get the $2000 rebate on leases but maybe Car_man or one of the other hosts can confirm.
I ran the numbers, and the 39 month lease comes out a few dollars cheaper.
Been posted here ad infinitum. The $2000(sedan)/$1000(coupe) dealer cash (its not a rebate) is not available with a lease or any special financing rates.
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
If you don't mind can you please let us all know when you pick up the car...i dealt with Kings Infiniti in october 2008 when I was going to pick up my car from them and they also gave me an amazing deal and I also left $500 and a signed contract. Long story short when I came to pick up the car they completely changed the deal and stated that the sales man screwed up and that the manager signed without double checking the deal...basically a lot of [non-permissible content removed]...I am very interested if they have chanegd there ways since I filed a complaint everywhere I can think of.
thanks and good luck
p.s. dont let boris the finance guy push you around.
P.S. I've leased two cars from Manhattan Infiniti and found them to be honorable. I didn't shop though, to see if they were offering the best deal.
They are willing to loan you 2300 for 60 per month which seems to be about 1.1% interest. Cash flow, and cap-cost reduction in the event of a total loss aside, 1.1% is great. Go toss it in a 3 yr cd and net a tiny bit, or just pay off any current debts. Not sure on tax implications...but the choice to me would be simple.
You were 100% correct. I went to pick up the car today and sat down with Boris. He asked how I was going to pay the taxes. When I explained that the taxes were included in the $515 monthly payment he said I was wrong. Of course the salesman didn't back me up. I will never go back to that place again. Let me know where you filed your complaint against Kings Infiniti. I have never been so outraged with a dealership!
I'm getting a bad feeling.
:sick:
That being said, it sounds like you're getting $11,300 ($9000 loan payoff + $2300 cash) for your 2004 G35 coupe. Is that what the car is worth as a trade in? You need to confirm that first.
Then after that you need to verify the numbers going into the lease of the 2008 G37 so you can figure out if you got a good deal or not. You basically need 6 numbers to calculate your own lease payment, the MSRP of the car, the negotiated price (i.e. cap cost), length of the lease, money factor, residual percentage (i.e. what the car is worth at the end of the lease) and the tax rate. You should already know the length of the lease and the tax rate where you live. You'll see people on here ask for the money factor and residual percentage for specific lease terms (i.e. 39 months 12K miles per year, etc) on this forum because sometimes dealers are reluctant to give you that information. The money factor (i.e. interest rate) is usually tied to the length of the lease and the residual percentage is tied to the mileage allowance (i.e. 10K or 12K or 15K miles per year). To determine the residual value at the end of the lease you multiply the MSRP by the residual percentage. The MSRP you can get from the window sticker or from Edmunds and the negotiated price is whatever you negotiate with the dealer. Then you can use the lease calculator on Edmunds or on other websites to calculate the lease payment. The lease calculator on Edmunds might want other numbers to do the calulation but none of them are needed to calculate the payment for a no money down lease except any loyalty cash that Infiniti gives you towards the lease that will be treated as a down payment (i.e. cap cost reduction).
If you haven't read Edmunds article on "10 Steps to Leasing a New Car", you should definitely read it. Here's a link.
http://www.edmunds.com/advice/leasing/articles/78385/article.html
How accurate is this.
I would assume they have to honor this. Yes?
Sean K
2009 G37x w/ prem package
MSRP = 39,725
Vehicle price = 36,648
Residual = 23,438 (59%)
MF = .00209
Rent/Lease Charge = 4,617
Term = 36 mo at 10k /yr
Monthly payment = 531
Due up front (fees, reg, tax, 1st payment) = 1091
All taxes included.
$500 loyalty rebate appplied to cap cost reduction.
Let me know what you all think. Worth going with for a 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
The reason why I was asking about the money factor is because if they won't negotiate on the sale price of the car any further, I was hoping maybe there's some wiggle room with the MF.
The deal I'm being offered, by the way, is a 08 G37 Journey with Sport package. No navigation or premium, but it does include a sunroof, cargo net, auto lights, splash guards, rear spoiler, and trunk mat. Because they'd be bringing this car in from another dealership out of state, they're tacking on a $500 transportation fee. That brings their offer price to $37,798. He's said if I was buying rather than leasing, they could get that price down another $2500 or so, but he won't budge an inch on that price if I'm leasing. He's quoting me a MF of .00155 and Residual of 54% for a 12K/39m lease.
Any advice/input would be helpful, as I'm trying to decide what to do within the next couple of days.
That is correct. Been answered many times here.
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
That's too high for an 08.
Overall theme is that you want that car a LOT less than they want you to have that car...they are choking on them.
2009 G37x Sedan w/ prem package, wood trim, splash guards, trunk mat and net
MSRP = 39,725
Vehicle price = 36,548
Residual = 23,438 (59%)
MF = .00209
Rent/Lease Charge = 4,617
Term = 36 mo at 10k /yr
Monthly payment = 520
Due up front (fees, reg, tax, 1st payment) = 1080
All taxes included.
$500 loyalty rebate appplied to cap cost reduction.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Can you please give me the April leasing terms for the 2009 G37X sedan? I'm interested in 24, 36 and 39 month leasing terms for 12K and 10K miles per year. This will be the last month I will ask for figures because the extension on my 2006 M45 lease expires this month. Thanks in advance.
Sam
Thanks!
2009 G37x w/ prem package , Navi Pkg
MSRP = 41,xxx
Vehicle price = 38,284
Residual = 23,968.5
MF = .00227
Term = 39 mo at 10k /yr
540 per month ? A good deal? please help
I was just quoted basically the same (0.00133 MF and .55 Residual) for a 2008 Journey Coupe.
For the 2009 the Residual offered was much better - 0.60 - but the money factor was disappointing at 0.00283. Any more info?
Also, can you confirm the 55% residual was for 12K/year miles?
Thanks!