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please answer with figures and not opinions on how much is too much to put down for a lease!
thanks in advance..
2009 G37x AWD with Premium and Navigation Package
39 months @15K miles per month
MSRP $44,765
Selling Price $41,657
0 Down ($1660 in fees due at inception)
Residual 60% ($26865)
Money Factor .00266
$600.86/mo
I have a feeling that we can do better than that....
Thoughts, anyone?
I dont know how true that is. I just recently leased a new G37X and have been keeping an eye on the residuals and money factors since the beginning of this year. On average I believe they change once a month with a few exceptions here and there.
Where are you located? I shopped around several dealers and ended up buying one from a dealer in Smithtown LI. They were great to do business with.
I know dealerships want to sell you what they have in stock because they make the most profit that way but when I contact a dealer with a specific list of options then it should be obvious to them that I've done my research and determined exactly what I want and if you want to get me as a customer, then the dealer should say "let me see what I have in stock or what I've got coming in and if I don't have what you want, I'll see if it's available or I'll get you something as close as possible". Most dealerships that I contacted didn't do that.
One of the few dealers that was willing to locate a car with the options I wanted was the dealer where I leased my car, Legacy Infiniti. They have an owner referral program there and I'm willing to share it with someone if they say that I referred them to the dealership. If you want more details, email me at Sam.Khoury@gmail.com. This is NOT the $150/$500 Amex gift card referral program that you've seen people on the forums looking for a referral code. This is a referral program specific to Legacy Infiniti. They're looking to build up their internet sales so they're willing to give very good deals.
My response might be a little late but I have a few questions and some comments. First, your monthly payment will be slightly lower on a 39 month lease than a 36 month lease. That's almost always the case because the residual percentage is usually only 1% lower on a 39 month lease versus 36 but because of the 3 extra payments, your monthly payment ends up being lower.
What does the $1000 down cover? Is that you first payment and some fees (i.e. bank fee, DMV, documentation, etc)?
Are you also paying the taxes up front? Or are they included in the monthly payment?
I'm paying $539/month on 39 month, 10K miles per year lease on a 2009 G37xS sedan with an MSRP of $43,525 and that includes 8.625% sales tax for Suffolk County NY. This lease was done in April so the money factor and residual percentages were different. The invoice price was $39,840 and the sale price was $39,560 (slightly under invoice). I paid only about $700 out the door which included the first payment and DMV fees. The bank fee and sales tax were put into the lease payment. I also got $500 loyalty credit (which is up to $1000 now). The $500 loyalty credit was treated as a down payment in the lease calculation.
I am a little surprised that the person you were given quoted you such a high price and was not very helpful. One would think if you are referred by the owner you would have had a much better experience. I don't blame you for going elsewhere. That's exactly what I did when I went to Competition.
I agree with you that my experience should have been much better considering I was referred by the owner of Competition Infiniti. Maybe my experience wasn't good because I dealt with the sales manager as opposed to a sales person. I only stopped dealing with Competition because I felt like they wouldn't come close to the deal I was offered at Legacy since they were so much higher and didn't have a car in stock with the options I wanted and colors I liked.
I dealt with the internet sales manager at Legacy and she gave me prices quotes right over the phone. I liked that she was very straightforward. I just spoke to her about a problem with their referral website and she said she's willing to deal with customers via email as well.
The good thing about leasing through a bank is that the dealer can apply the $2000 marketing cash to the deal since they're actually selling the car to the bank who's leasing it to you. When you lease through IFS, you can't get the $2000 marketing cash, only the $1000 loyalty credit.
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
You can get your own lease financing as well, that way you don' t have to worry that the dealer is not working in your best interest when arranging the financing just to get a larger back end.
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
I think it might be tough to compare our two deals since they are slightly different. First, they are different lengths 36 vs 39 mos. which affects both the money factor and the residual. As far as the G37xS, I couldn't find lease terms for the "S" version of the G37x. It looks like the Sport models have slightly higher residuals than the x, do you know what the money factor and residuals were for your deal? I was able to get the Infiniti published rate for the G37x sedan which was .00123 and a 57% residual. I thought the residual should have been 56% for 12,000 miles, but the dealer offered 57% and I didn't question it. I did include my first payment at signing as well as some other fees. I put a total of $1500 down including the first payment and all the fees, that equates to about $1200 for you based on the loyalty credit added to the $700 you put down. So similiar deals, but different. Thanks for responding.
You're welcome. I think you misunderstood me. The G37xS is just a G37x with a sports package option so the G37x leasing terms apply to it. I should have simply said G37x but I'm posting on the Infiniti G sedan forums on other websites so I'm used to writing G37xS. In April the 39 month money factor was .00185 and residual was 58% for 10K miles per year. 12k miles per year would have reduced the residual to 57%. My payment would have been about $10 more per month with the 57% residual.
When in comes to comparing 36 and 39 month leases, if you had taken the MSRP, cap cost, fees etc that were in your 36 month lease and recalculated your lease payment using 39 month May leasing terms (money factor and residual), you would have found that the lower payment would be on the 39 month lease. The salesperson should have told you that.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The 36 month, 12k numbers for an '09 G37 Sedan AWD are .00123 and 57%. Again the 10k resid is 1% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you know the current money factor/residual % on a G37 Coupe Journey for 15k miles on a 36-39 month lease?
TIA
Thanks
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 you please provide or confirm the rates below for a 39 month lease for June? Is this a good deal? Thnx
G37 COUPE AWD Prem Package
MSRP: 42,575
Sell Price: 38,702
MF: .002350
Residual: 60%
39 Months @ $462 (tax is prepaid at inception)
Due at inception: $2600 (bank fee, first pmt, TTL and Tax)
G37 SEDAN AWD Prem Pack
MSRP: 39,175
Sell Price: 35,672
MF: .001410
Residual: 57%
39 Months @ $416 (tax is prepaid at inception)
Due at inception: $2600 (bank fee, first pmt, TTL and Tax)
Also, your 'due at inception' includes your monthly tax for 39 months?
Im looking into leasing a 09 G37 Sedan Journey with Prem n Navi. So far I have this deal and was wondering what the monthly with be.
Vehicle Price: $39,425.00
Discount: -$5,141.33
Selling Price: $34,283.67
I want 10k miles a year and 1000 drive off for 39months.
Appreciate all the help.
$399.00 mo. (plus tax) / 39 mo. / 10k miles
due at signing - $295 admin fee, $595 bank fee + first payment + TTL
this model includes bose sound system, bluetooth, ipod, sunroof, intelligent key.
This deal is assuming you have an Infiniti already, there is a $1000 loyalty bonus worked in to the deal. Seems like a pretty good deal, I don't have the mf, msrp, or selling price yet.
any thoughts?
It is for 10k miles. Due at inception includes tax. In NJ, we prepay the tax (instead of charged monthly) or I could roll it in the cap cost. I prefer to pay it up front since it will accrue interest if I roll it in.
I have seen somewhat the same ad here in NJ. But it also had a cap cost reduction of 2499 I think. Plus some other loyalty with dealer of $1500. So it becomes expensive right away.
the only thing that would be added to the $399.00 payment would be taxes I believe.
2009 G37 SEDAN JOURNEY 4DR AUTO
BLACK OBSIDIAN, GRAPHITE
NAV
PRM
MSRP - $39,405.00
Leasing:
39 month program, $1,300.00 Drive off, 10k miles, $431.95+tax
I just purchased a new G37 and am looking for a current Infiniti owner that has a referral redemption code. If you have one, please email me
More detail at
http://infinitiusa.com/rewards
Infiniti will send you a $150.00 owner recommendation rewards card (American Express)
Please send me an email to tiffandrichyahoo.com
the following info:
Owner redemption code (located on the offer card you received in the mail)
VIN
First Name
Last Name
Street address
City
State
Zip Code
Thanks!
In your experience, will dealers ever take back a car toward the end of a lease before the lease has expired if you are willing to get a new car? I am not 100% sure I would get another Infiniti, but I have liked the car a lot and I will definitely consider another one. I turned in a Nissan early to get this car, so I figure it might be possible...
Would they cut such a deal before the lease expires? I have 5 months left, which is a fairly long time...
You may need to wait a couple of months before it's possible, but it certainly wouldn't hurt to call and ask a dealer (or the leasing/finance center directly).
You can always turn a leased car in early, just like a car you are buying. They take the payoff value from Infiniti and then market value and you pay the difference if upside down (in most cases) or you can use the excess value in the new car deal. That is what you did with your Nissan.
With regards to excess mileage charges. At the end of the lease if you lease another Infiniti they will waive $500 in excess mileage charges and or damages. Something to keep in mind.
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 you please provide the residual value and MF for a G37 sedan and coupe? Also I believe there are different rates and residuals for 36 or 39 month leases. I would appreciate your response as I am getting close to the deal and would like to know if their rate is inline with the published rates.
Thanks
2009 Infiniti G37 Base Sedan – 6/09
24 Month – Residual 58% of MSRP – .00300 Base Rate
36 Month – Residual 57% of MSRP – .00127 Base Rate
48 Month – Residual 48% of MSRP – .00165 Base Rate
60 Month – Residual 41% of MSRP – .00201 Base Rate
2009 Infiniti G37 Journey Sedan – 6/09
24 Month – Residual 56% of MSRP – .00300 Base Rate
36 Month – Residual 55% of MSRP – .00127 Base Rate
48 Month – Residual 46% of MSRP – .00165 Base Rate
60 Month – Residual 39% of MSRP – .00201 Base Rate
2009 Infiniti G37 Sport Sedan – 6/09
24 Month – Residual 56% of MSRP – .00300 Base Rate
36 Month – Residual 55% of MSRP – .00127 Base Rate
48 Month – Residual 47% of MSRP – .00165 Base Rate
60 Month – Residual 40% of MSRP – .00201 Base Rate
2009 Infiniti G37X Sedan – 6/09
24 Month – Residual 57% of MSRP – .00300 Base Rate
36 Month – Residual 56% of MSRP – .00123 Base Rate
48 Month – Residual 47% of MSRP – .00157 Base Rate
60 Month – Residual 41% of MSRP – .00202 Base Rate
2009 Infiniti G37 Base Coupe – 6/09
24 Month – Residual 63% of MSRP – .00300 Base Rate
36 Month – Residual 61% of MSRP – .00241 Base Rate
48 Month – Residual 50% of MSRP – .00241 Base Rate
60 Month – Residual 41% of MSRP – .00238 Base Rate
2009 Infiniti G37 Journey Coupe – 6/09
24 Month – Residual 60% of MSRP – .00300 Base Rate
36 Month – Residual 59% of MSRP – .00241 Base Rate
48 Month – Residual 48% of MSRP – .00241 Base Rate
60 Month – Residual 39% of MSRP – .00238 Base Rate
2009 Infiniti G37 Sport Coupe – 6/09
24 Month – Residual 62% of MSRP – .00300 Base Rate
36 Month – Residual 61% of MSRP – .00241 Base Rate
48 Month – Residual 49% of MSRP – .00241 Base Rate
60 Month – Residual 40% of MSRP – .00238 Base Rate
2009 Infiniti G37X Coupe – 6/09
24 Month – Residual 64% of MSRP – .00300 Base Rate
36 Month – Residual 60% of MSRP – .00236 Base Rate
48 Month – Residual 49% of MSRP – .00232 Base Rate
60 Month – Residual 41% of MSRP – .00238 Base Rate
Residuals posted are for 15K miles/year. Add 1% to Residual for 12k mi/yr and 2% for 10k mi/yr on all terms
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 wouldn't be overly concerned about the minor dings and dents. Wait for the pre lease return inspection before fixing anything. You can get it done with plenty of time before your lease is up to find out if you're going to need to fix anything. I went through the pre-lease return inspection on my 2006 Infiniti M45 that I turned in on April 30th. I had a ding in the door, scratches on the rear bumper and a really big gash on the corner of the rear bumper that was estimated by a body shop to cost $900 to fix (with a new bumper skin) and it didn't even show up on the pre lease return damage report. The only thing they hit me for was $130 for each of the 4 wheels for curb rash for a total of $560 + tax. Several other owners (and several salesman at Infiniti dealers) have reported that IFS is really strict about the condition of the wheels because wheel damage keeps showing up on the pre lease return inspection reports. Because I leased another Infinit, they will forgive up to $500 worth of damage to my previous Infiniti. After I got the bill which included about $47 in tax, I called to make sure that the tax difference would be credited after I applied the $500 damage credit on the $607 ($560 + tax) bill I received from IFS. It's about a $40 difference in tax between $560 and $60 so I wanted the tax credited as well. Well the customer service rep ended up waiving the entire bill. Big thumbs up to IFS for that one.
Let's say you're not going to lease another Infiniti and the pre lease return inspection reports lists the dings and dents and an amount, you can go to your body shop and see how much they'll charge to fix them. If it's less than the amount on the pre lease return inspection report, then get them fixed and have the report redone. If not, just turn the car in and pay the bill from Infiniti.
If you're considering leasing an Infiniti G37, there's $1000 lease owner loyalty cash so between the $500 credit and $1000 loyalty cash, it might worth it to lease another one. The $1000 loyalty cash is applied as a down payment (i.e. cap cost reduction) in the lease calculation. Here's a link to the incentives list from edmunds.com.
http://www.edmunds.com/new/2009/infiniti/g37/101115176/incentives.html
It was only $500 loyalty cash when I leased my G37xS back in April.
41,380 MSRP
38,200 Selling price
.00141 Money Factor
55% Residual
Is this a good deal?