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Comments
I am getting G35x with premium and sport package (new for 08 all wheel drive)- VPP is a formula posted on the Infiniti VPP site comes out to be around 400 over invoice . The 34500 is good i was quoted 34600 g35x with premium here in Denver on existing inventory ..
He brought the papers and stayed for over an hour showing me how to use the features of my new car, set up the bluetooth for my cell phone, and was patient and helpful. i've never had this experience with a car sale. I think it's more than just getting into the luxury market...he really knew this car and treated me as the buyer, and didn't focus on my boyfriend who usually got the attention as we were out shopping at other dealerships (uh, hem, VW San Bernardino...) even though we told them it's my money; my car.
I haven't even taken it for a spin yet -- I'm scared of this car! LOL
My boyfriend is thankful. i have no excuse backing up over and breaking the sprinklers again in the silly grass strips we have in our driveway -- the rear-camera is sweet!
Scenario where one does want to drive a new car every 2/3 years, leasing every 2/3 years or buying every 2/3 years?
I am looking for numbers for both 39 and 48 months.
Thanks in advance.
An interest rate is an interest rate.. You can pay a higher rate than you deserve whether you buy or lease.. If you educate yourself on the money factor, then you'll understand how the interest rate on a lease works.
Lastly, run away as fast as you can from anyone that tells you to put 30% down on a car. That is the worst financial advise I have seen on this board. Let me give you an example why... If you're purchasing a $35,000 Infiniti, 30% down would be $10,500.. Where would you rather lock up $10,500, a car that will consistently lose value every month, or in some sort of investment that SHOULD consistently show you growth on your money. Please don't listen to anyone that tells you to invest large sums of money in something that loses value.
Buying does provide you a little more flexibility, but not much... You can sell a leased car just as easily as a car you are purchasing.. In both cases, you will have to sell it for what is owed on the lease... In my personal opinion, every person should lease their car. On the g35X, if you leased the car, your payment should be roughly $170 less per month. Take that difference and invest it.. If you can't do that, you're shopping for a car you can't afford anyways. Advise other than that leads me to believe the person giving the advise doesn't understand finances.
I agree with your statement...
"Sorry, but telling people that leasing is more expensive in the long and short run is simply wrong!"
However, your statement...
"In my personal opinion, every person should lease their car."
is exactly that "YOUR OPINION".
A valid lease v. buy analysis involves examining the incremental costs as well as both the oppotunity cost of money and the opportunity cost of investment.
If the future value (as determined by the consumer) of the incremental costs (as determined by the cash flows of lease v. buy) of leasing exceeds the net terminal value of the vehicle after the holding period, then the financials say that it's best to lease. One can either do a net present value analysis or a net future value analysis. Either way, the answers will be consistent. There are also several capital budgeting techniques that one could use to do the analysis as well.
Whether leasing or buying is best depends on many things including opportunities for investment and the value that consumers place on the incremental cash flows. Plus a host of a whole lot of others things.
Whether one should lease or buy will depend, in large measure, on one's financial position and investment opportunities as well as one's personal preferences. And so, it's best to refrain from making blanket statements.
John
Medina, Ohio
tell me if it sounds like a good deal, if not please tell me how low i should try to get it down to. i will be financing the car, with a small down payment. thanks guys!
The leases are perfect if you get a business write-off, and want to always have a car under 3 years old. However, from a general financial standpoint, they are NOT a wise financial decision. A wise decision would be to buy a reliable car and drive it for 7+ years, which is completely feasible without spending a lot on repairs. Even more frugal, would be to only buy year old models so you don't take as much of a hit on depeciation.
That said, people enjoy driving new cars, and like to change it up. So, if a lease is how they are able to afford the latest and greatest with a lot less hassle when it comes to change cars again, more power to them.
Everyone has different values, I put my excess money into my house with a home theater, bar and gameroom. Many people would see that as extremely foolish, but it's what I love.
To each their own.
I just recently bought a G35X. I'm waiting to pick it up this saturday. I just can't WAIT!
Wanted to see how my deal was compared to others... I got premium, navigation package, splash guards, trunk net, wheel locks. including destination and such, the price that i got was $36000. I believe the MSRP on it was $39300 or something along those lines.
Tell me what you guys think! Now i just need to find a cheap bank. any recommendations? I have really good credit and so does my fiance so credit isn't an issue. just a good bank that'll give us the lowest rates possible.
I got an '07 with prem.,nav.,splash guards,xm radio,cargo net. So far I am very happy with this car. Still learning all the bells and whistles. The power is nice to feel but I am sure it is coming at a price(at the pump)!
If any '07s are left on lots by end of Sept. you should be able to get some great deals.
w/5700 miles. I believe it has the premium package(Nav & BT). Dealer is asking $34,900. is this a good price(based on what a brand new left over one can be neg.for? What would be a good starting offer?. Its hard to determine using the TMV since it does not break down by pack group, Thanks
I am new to the leasing thing, and I had a few questions:
-can anyone give me the current (i.e. sept 2007) residual factor and money factor for the 2007 G35x? I am looking at 24 or 36 months, 12 to 15K miles with little money down.
-Does anyone have some suggestions for negociated price on a 07 G35x with Premium Pckge and Navigation (XM sat) [Edmunds MSRP: $39,215 and invoice: $35,858)? If you could give me some examples, that would be great!! Can this car be negociated below invoice?
2007 G35X w/ Sirius, Splash Guards, & Premium Package (and of course destination charge).
MSRP $37,255
Invoice $34,157
Sale Price = $34,657
39 mo lease (or woud do 48 mos if it was a better deal), 15K Miles per year, no cap reduction
MF = 0.00193 (0.00252 on 48 mos)
Redidual = 55% (46% on 48 mos)
$0 Disposition Fee
$0 Security Deposit
$595 Acquisition Fee (paid up front)
$93.50 in tags (paid up front)
My monthly payment in pa (%9 sales on leases) comes to $511.96 (39 mos) or $540.11 (48 mos)
Disappointing. Am I missing something? I really thought I could lease this vehicle for under $500.
Cap Cost Reduction: $3,320.06
Documentation Fee: $45.00
Sales Tax @ 8.250% $273.90
1st Month Payment: $525.28
License Fees: $327.00
Government Fees: $8.75
TOTAL DRIVE OFF: $4,499.99
CASH DUE ON DELIVERY: $4,499.99
Value of Vehicle + AMO's: $40,375.00
Gross Cap Cost: $40,970.00
Cap Cost Reduction: $3,320.06
Adj. Cap Cost: $37,649.94
Residual: $25,032.50
Depreciation: $12,617.44
Rent: $4,851.72
TOTAL OF BASE PAYMENTS: $17,469.16
# of Pmts: 36
Base Pmt: $485.25
Monthly Tax @ 8.250% $40.03
TOTAL PAYMENT: $525.28
Not sure if it's avail in PA though, you have to ask the dealer. The security deposit is refundable at the end of the lease, so if you have the money avail, or have access to a low interest credit line, it might be something to consider. For example...I put down 9 addl. deposits ($5400) on my current lease. I used a home equity line to get the cash which is fixed at like 7% interest. The MF reduction dropped my monthly payment by over $60/month. I pay only the interest on that loan amount which is under $30. So basically I'm netting a $30 reduction in my payment. At the end of the lease I'll get the money back and pay off the loan. PLUS...the interest that I'm paying is actually a tax write off. So, I didn't have to tap into any cash savings, and used someone else's money to get a tax write off and a reduction in my lease payment
Just purchased a 2007 G35x, base model (moonroof only) + mudguards, cargo net in blue slate from Competition Suffolk Cty, NY dealership for 32,600 out of the door (tags, tax extra). I contacted several dealers in PA, NJ and NY, and only happened to stop by at the above dealership because it was close to my place of work. Other dealers would not even match the initial quote of 33,100, and with me countering with 32,000 (thanks to ConsumerReports bottomline and this forum) we agreed at midpoint 32,600. I am financing through the dealreship, although could have shaved .15 of a point through e-loan.
Love the car - everything: the appearance, the driving exp -best car I ever owned by a mile City mileage estimator shows under 10 mpg though
Base - 33,450 30,763
Premium - 2,350 2,025
Splash Guards - 140 109
Cargo Net - 50 37
Dest - 715 715
Total - 36,705 33,649
The dealer is showing me an MSRP of $36,965 (increase of $260)and purchase price of 34,391.25 plus $499 doc fee. He's claiming that's only about $300 over invoice..and not much more than VPP, but I'm showing it as $742 over...plus the doc fee. So...two questions:
1) Has anyone else seen indications that MSRP and invoice #s have increased over current edmunds #s? If so, do these numbers look accurate?
2) Has anyone had success in getting a doc fee dropped/reduced? Does VPP pricing eliminate the doc fee?
3) Any thoughts on how good of a deal this is/isn't?
Thanks
My buddy who leases has consistently leased cars that he couldn't afford. He currently leases an $80,000 car. The point the earlier poster made was very valid - you end up in cars that you cant afford. 10 years from year 1, if you compare his expenditure vs someone who purchased a car he could he afford in yr 1 - my buddy will have spent an embarrassing amount of money.
Secondly, the idea that $10k you spend on a car you could have invested in an income generating assets is nice theoretically but realistically that money will be spent on entertainment.
On the other hand - I have a friend in his late 60s who recently leased a very affordable car and that was a wise decision. He doesn't need to own it for a long time. I do think he's the exception in terms of leasing a car he can afford.
I noticed that other dealers online show the MSRP at $260 over Edmunds. The same dealer shows a G37 Coupe MSRP exactly as Edmunds says, so I am guessing that Edmunds' MSRP is off by $260 on the 2007 G35.
kc
Also, I was going to nab the JWT intake off my 350Z, but will it fit the 07 coupe? So far I can tell a huge diff in the G coupe, even the shifting and clutch are much smoother and easier to modulate. The Z was getting a little annoying because of around town driving and lack of space! :shades:
Can you give me the name/city of the dealership?
I will be in Texas in 2 weeks and would like to see what deal they can offer me on the G35 Journey with Nav and premium.
Thanks
sounds a bit incomplete to me..
No prices listed. Happy Hunting.
One dealer said he would be at $2500.00 over invoice on any '08 G35 when they arrived (Ouch!)
Thanks
I had been talking to another dealer that claimed he had 2008 G35 Sedans in transit and that they'd arrive by the end of September. Over the phone he was offering $1000 over invoice, so assume that number could have been talked down further. It sounded like invoice would be about $500 more than the 2007, but there were no firm numbers to be found.
G35 base : $31,600
G35 Journey: $32,050
G35x AWD: $34,100
G35 Sport 6MT: $32,400
There are now only four models. The only "Sport" model for 2008 is the 6MT. Don't despair, the Journey model can now get the Sport Package (S01) which makes it effectively the same as the 2007 G35 Sport w/ AT.
Some package prices were: P01 Premium $2500 ($2300 on G35x), Nav $2150, Sport Package $1650. Those are all MSRP prices.
The '08 Nav package has the rear view monitor from the '07 Tech package. The premium package now has the iPod interface and the "Drivers Audio Stage" (both are also on the '08 Coupe).
He stated some cars are in-transit and from what I saw deliveries should start early October, maybe sooner depending on transit time and time from the port to the dealer.
kc
MSRP: $35,615
Invoice: $32,549
Paid: $32,750
Trade In: $9,000
Doc Fee: $58.48
Licence & Transfer: $80.00
Taxes: $1,861
This meant the cost of the new car was $201 above invoice, so not a bad day's work. My husband says the smile has not moved from my face for the last 6 hours. I'm loving the car so far and want to drive more!!! :shades:
I was very happy with the service and commitment to customer service throughout the process. Great job Motorwerks at Barrington!