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Comments
07 G35 sedan journey auto. with the prem. pkg and perf. tire and wheel
24 month lease
12k miles
$440 plus tax per month
$2,000 total drive off.
MF .00161, residual 68%
cap cost is $32,965.
Another place in Houston is quoting me 33,690 without the tire/wheel pkg but WITH free tinting and free dealer maintenance for 2 yrs/20,000 miles and free loaner for life of the vehicle.
All this sounds pretty straightforward to me. Any catches I need to ask about?
It saves some hassles and you a good price - on the sedan. The coupe should be going for less than VPP price right now.
Note that the new G37 coupe will NOT be on the VPP plan at first and will only be added once sales slow down. I thank last year when the re-done sedan came out it was maybe Feb of this year before you could get one on VPP.
Dennis
Also...did you pay any dealer fees. If so, how much? Most dealers down here are quoting me around $600.00
Thank you so much!!!
Kim
Could you please let me know your dealers name and location...sounds like you had a good experience.
Also...did you pay dealer fees...most of the dealers down here are quoting me $600.00
Thank you so much,
Kim
First off thanks for all of the great information. In the past, I always wondered if i was getting screwed on these deals. Know i'll know and prevent it.
Using the information i've gathered, I've put together a proposal. Can you confirm my figures for a 39 month/15 k lease? The trade in cost is the difference from my current lease buyout versus market value of my 05 G35 coupe.
Pricing Information
Description MSRP Invoice
2007 Infinity G35 Journey (3.50L 6cyl 5A) $31,900.00 $29,343.00
Premium Package $2,350.00 $2,025.00
Navigation Package $2,100.00 $1,810.00
Technology Package $1,100.00 $948.00
Destination Charge $715.00 $715.00
MSRP $38,165.00
Invoice $34,841 $34,841
Offer Over Invoice $-
Lease Payment Calculation
Offer Price $34,841.00
Acquisition Fee $595.00
Vehicle Value $35,436.00
(NJ Sate Tax @ 7%) $2,480.52
Gross Capitalized Gross $37,916.52
Trade In Cost $1,500
Adjusted Capitalized Gross $39,416.52
Residual Factor 0.55
Residual Value (Res. Factor × MSRP) $20,990.75
IFS Money Factor 0.00180
Terms (Months) 39
Base Monthly Lease Payments $581.19
Initial Lease Charges
Title, Registration, Plates (estimated) $200.00
1st. Payment $581.19
Amount due at lease signing $781.19
THANKS!
It appears as though you have negative equity in your leased vehicle. Why are you adding this negative equity to your new lease? Why not just turn it in and walk away? Do you have excess mileage/wear-tear charges that exceed $1,500?
John
My lease is not up till next year. My current 05 coupe is in need of new tires, and brakes. :sick: Damn 19 inch rims! (Live and learn) Total approximate cost of 1200.
I would much rather put that money that i would use on new tires and brakes, towards a new vehicle. With another year on my lease, the 05 will most likely go through another set of tires ($800). Also, if i can negotiate a good deal, I might also save money on my monthly lease terms, as well as auto insurance. :shades:
Just wanted to be sure that you weren't getting taken for a ride.
Your calculations are spot on. Looks like you used my sample lease proposal... good for you! I'm glad it's helpful.
Good luck!
John
Dennis
My agreed upon value was $300 over invoice ($35637) and bank fee ($595) I paid as part of drive off $6836.
This forum helped me a lot. Let me know how did I do???
g35 Journey with premium package, splash guards, tire and wheel package, and cargo net, freight charge............INVOICE shown to me was 29343 + 2155 + 114 + 345 + 37 + 715. Dealer willing to sell to me at 585 over invoice ($33294) plus an acquisition fee imposed by Infinit of 595. Lease proposed is for 24 months with 67% residual value and 0.00161 money factor on special 24 month money. Total down would be 1085 (first month + doc fee of 499, plus GA state fees). Monthly payment including GA sales tax for 24 months would be 538.58
Looks pretty good to me, but seems like we have some solid experts on here, so any help for this newbie appreciated.
I have two concerns about your lease deal...
(1) You should be able to get the G35 at invoice. Therefore, $585 over invoice is $585 too much.
(2) The dealer doc fee of $499 seems high.
See my lease proposal examples from previous posts. You need to be around $1,000 lower. But, I'm willing to bet my life that the dealer will, at minimum, either waive the $499 doc fee OR sell it to you at invoice. Under no circumstances should the dealer receive both; it must be one or the other.
Keep me posted.
John
Good luck!
John
I'm trying to go the VPP D route, but does not look good. I'm ok with going $500 above invoice, but they need to absord some of the negative equity. It's a tough sell, but i can always hold onto my 05 until next year for the 08 models, and healthier inventory.
Called I.F., and they sent me an early termination estimate.. $3900!!!!! I lived overseas and the car sat in the garage for 9 months and I'm $16,000 miles under my lease right now, yet I.F. sent me an estimate without even asking about mileage or shape of the vehicle. I've thought about trying to seel because Blue Book is $2,000 above loan payoff, but I don't want to go through that process, nor do I want to roll in over $3,000 in negative equity on a car that is so far under the mileage. Plus having my father's name on the current car and moving a new car into my name seems to cause issues at the dealership with cutting a deal.
I'd like to get into an 07 AWD with NAV & Premium packages.. MSRP according to infiniti.com is $38,200.. Anyone know the invoice and best solution to dumping my '04. Only 30,000 miles on it and looks brand new.. Thoughts??? Thanks in advance.
$910 drive off and $566 per month after tax for 24 months - 15k miles per year.
First- If you haven't already done so, examine your lease contract to determine how your early termination liability charge is computed. More than likely, IFS uses the actuarial or constant yield method to compute the adjusted lease balance.
What usually happens is that if this balance exceeds the wholesale value of the vehicle, the difference plus any early termination fee plus any applicable tax less security deposit is, effectively, your early termination liability charge.
In a dealer transfer, IFS will most likely waive the early term fee (see below). If you would like, I'll be glad to compute your adjusted lease balance and, possibly, your early term liabilty charge depending upon the criteria set forth in the early termination clause (paragraph) of your contract as there may be some exogenous factors that are not readily available or indeterminate (e.g., wholesale value, early excess wear/tear, etc.). However, you'll need to FAX or email me your lease agreement. If interested, send me an email at diffeq@zoominternet.net.
Second- If your low mileage car is in great shape, consider transferring your purchase option to the dealership so you can avoid paying any applicable sales tax. They'll charge you a fee for this but it will save time, possibly save money, and eliminate the aggravation from selling it on your own. If you sell on your own, you'll be liable for any applicable sales tax. Why? Because you would have to buy it from IFS and, then, your buyer would buy it from you. And so, these would be treated as separate and distinct sales transactions both subject to any applicable tax. Hence, there is the distinct possibilty of a double tax!
In a dealer transfer, any equity would be given to you in cash or used as a down payment or cap reduction on your next vehicle acquisition. The latter is a bad idea. Never ever put cash down on a depreciating asset. Moreover, if you total the vehicle, you're not likely to capture your down payment. Therefore, insist that any equity be given to you in cash. Of course, you'll need to negotiate the value of your vehicle with the dealership. Be sure to keep the new car transaction separate from your old car transaction. Dealers love to roll the two into one transaction. Don't do it unless you know what you're doing!
Third- You can find '07 G35 invoice pricing at edmunds.com.
Hope this helps.
John
Here is the inside Nissan link...
http://www.insidenissan.com/vpp/vendor/answers.html
John
39 month, 17k miles per year.
Prem, Nav, & wood packages.
$1,500 out of pocket (1st month, etc.,) + 9 MSD's ($5,400)
$500 per month.
If it is not worth wholesale but is worth retail, then you can find a buyer (ebay, cars.com, etc) and sell it THROUGH a dealer to someone. Again, any money you get over buyout price goes in your pocket.
Once you know the buyout price it is almost like a trade in. In your case you really have to sell it separate from the new deal since the car is not in your name - you have to have your father do the paperwork.
There is a lot more to leasing or buying a car than having a good score. Most lease banks and auto loan providers use an "Auto enhanced" score that puts more weight on paid off and kept current auto leases and loans. You may have a 700 FICO but if you have no car loan/lease history you may find you do not qualify for a top rate with IFS or other lease provider. With IFS tier 0 is 740+, tier 1 is 700-739, tier 2 is 660-699, etc. So with a "nearly" 700 score you start in tier 2 and may drop if you don't have a lot of good car credit history. The rates posted here and other places online are the "buy rates" (what the dealer pays and what you pay if they do not mark it up) for those in tier 0 and probably tier 1.
Dennis
24months .00175
36 .00210
39 .00227
same resids as July
"39 months/10,000 miles per year $458/month with the lease inception fees due at signing (approx. $1200)."
Considering I live in NJ, I wanted to know if this is a good deal or if I can do better? Using .0027 as my money factor and 57% as my residual, I figure this deal puts me approximately $500 dollars under invoice (however, I'm unsure if I did the calculations correctly). My salesman also said i could lower the monthly payments by $50/month if I go with the security deposit program. Should I go with this deal and is $1200 a normal amount for inception fees?
Any feeback is appreciated. THANKS!
I'm offered 33,500 for a 2007 G35 coupe - auto, premium package.
MSRP is 37,290...invoice is in the mid-34's?
I didn't want to negotiate/play more games so I settled on 1k below invoice - instead of the 1,500 that's available.
At this point, what's another 500.
The car is a demo, I've been told, has 319 miles on it - which doesn't seem too bad to me.
Moreover, I'm offered 1.9% on 60 months as well - with 12k down, it comes out to 486/month including taxes, fees, everything.
Does this offer seem ok?
Why plunk down the 12k? With the 1.9%, I would keep the 12k in my bank account, have it automatically deducted monthly for payment. You'd end up keeping the interest off that in the next 5 years. If you want, you can autodeduct just enough so that your payments will be $486 a month, if you feel like you want to keep paying a monthly. Either way, I'd make that money work for me.
Dennis
Thanks alot,
Ojas
Thanks for your help.
I checked on Edmunds, and for August, the 1,500 is available.
The cheap financing is not. Which is why I was surprised when they told me I would get 1.9% over 60 months.
But the 486/month sounds fishy, especially considering I would be putting down 12k.
I did a quick calculation and with 12k down, it should be around 430/month at most.
2007 G35 Coupe
6MT
Laser Red
Wheat Interior
Premium Package; Splash Guards; Truck Mat
MSRP: 37905 (Edmunds)
Invoice: 34702
Final Price: 34190
You should pay no more than invoice. Check to see if there are any customer/dealer cash incentives for August. Also, examine my sample lease proposals in this forum.
It might be a good idea to create a one-page lease proposal and FAX/email it to the dealer. ALWAYS be in control of the deal. NEVER let the dealer control the deal. The only way that happens is with KNOWLEDGE because KNOWLEDGE = POWER.
Hope this helps.
MSRP - $40,815
Plan D Pricing - $37,380.15 (+$99.00 Wax, gas, etc charge)
Any opinions out there on the deal? It seems pretty close to what I expected to pay.
Using the formula:
(((invoice less destination) less 1.65% + dealer installed options) add 2.5%) and add destination it looks like:
$37,510.19
The number he gave you is too low for a car that invoices at the price that matches the $40,815 MSRP. The VPP pricing is supposed to be shown on the invoice, so unless they looked on the wrong invoice (the cheaper car) I don't see how they got the number they gave you.
You should be able to compare the stickers of the two cars and see what is different. They did raise the destination charge by $15 in mid 07 but I don't know about the other increases, if any.
FYI, if you wait and get an 08 G35x you will be able to add the sport package to the car. Since you are getting VPP pricing anyway, it might be something to think about if a firmer ride is of interest. They do say "late availability" so it might be a few months before you could get a G35x w/sport.
Dennis
I'll have to compare the stickers when I visit the dealership, I had to go an hour away, as the dealer local didn't work with me on the VPP pricing very well, and I caught them in two lies... One: VPP pricing not offered on the Technology package cars, and then he said it would be about $1000 over invoice.
Will the '08 models be coming out soon, I hadn't seen much on them yet? Also curious if pricing will be much different.
The 08 G37 coupe will not be available for VPP pricing for a while, maybe several months or next year, due to high demand. The 08 sedans should start arriving next month and should be available right away with VPP pricing.
For 08 the G sedan changes (from a Nissan press release):
Enhancements to the 2008 G Sedan include:
- All-new Sport Package available for G35x AWD model (late availability)
- New 18-inch Tire and Wheel Package for G35x AWD (late availability)
- Revised Technology and Navigation Packages
- Infiniti iPod Interface
- Driver’s Audio Stage
- Standard XM® Satellite Radio (requires XM® subscription, sold separately)
If buying a G35x it might be worth waiting for, but a lot of folks think the sports suspension is too stiff for comfort. The tire pack/sports pack normally includes summer tread tires rather than the all season tires normally on the x. If you live where it snows (why else would you get the x?) it is not clear if the 08 x w/sports pack will come with summer tires forcing you to do tire/wheel change-overs each winter/spring or not. That may not be anything you are interested in.
XM is now included in all Gs (but is in the car you are looking at). "Audio stage" is supposed to be a time alignment function to center the music properly for the driver - this is a feature available in top-of-the-line aftermarket head units from companies like Eclipse, Pioneer, and Alpine. I have not heard what "revised" tech and nav packages mean. The ipod interface is what it sounds like
With VPP the only extra you would pay to wait is whatever the price increase is from 07 to 08 - the differences in invoice less and plus the discount and fee. So even if the price goes up $500 at invoice you are looking at $504 more to you for a whole model year newer car at VPP pricing. If you didn't have VPP, then you could likely get a much better deal now on an 07 than on the new 08 when it arrives. If leasing, the 07 residuals will be a good bit lower but the MF may be discounted a good bit. With an 08 the residuals will be higher, but the MF may be as well.
Dennis