Infiniti G37 Lease Questions

CarMan@Edmunds

Here you go, ag6959. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00216 and 71%, respectively. The numbers for an otherwise identical 36 month lease should be .00219 and 58%. 15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your deal and have to pay an excess mileage penalty.

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CarMan@Edmunds

You're welcome and thank you topkat2000. You can look up the dealer invoice price of the exact car that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. This car's lease program varies depending upon how long you lease it for and how many miles per year you need to be able to drive it. For now I will assume that you are interested in a typical 36 month lease with 15,000 miles per year. Let me know if you want something different. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00219 and 58%, respectively.

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CarMan@Edmunds

Hi alleykat26. The bait and switch is a fairly common practice in the auto industry. However, one of the reasons why this car's price changed is that you never told the dealer that you dealt with on the Internet that you want to lease. Infiniti is currently providing $1,000 dealer cash on 2WD 2006 G35 Sedan models and $2,000 dealer cash on AWD 2006 G35 Sedan models. The issue here is that this dealer cash is not compatible with Infiniti's special lease program. As a result, the selling price of 2WD models will automatically be $1,000 higher for leases than it would be for purchases.

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CarMan@Edmunds

Hey rajee. The destination charge is a legitimate fee. Every consumer that purchases or leases a new vehicle has to pay it. It is included in both your vehicle's MSRP and selling price for the purpose of calculating its lease payment.

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CarMan@Edmunds

Ahhh, thanks for the additional information, topkat2000. So you are interested in a 24 month lease with 15,000 miles per year. If you were to lease an '06 G35 Coupe through Infiniti Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00216 and 71%, respectively.

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CarMan@Edmunds

Hi cagorm. The $2,000 dealer cash that you mentioned is only available on AWD Sedans. The dealer cash on 2WD models is only $1,000. Unfortunately, this cash is not compatible with Infiniti's special lease program so I guess that it is a moot point anyhow.

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CarMan@Edmunds

Hi golddishes. If I was in your situation, I personally would much rather gamble on possibly having a problem with my current car than automatically throw money away by trying to get out of my lease over a year before its scheduled end date.

As far as the normal amount of money that consumers have to pay at lease signing goes, typical lease inception charges include your vehicle first month's payment, security deposit, acquisition fee, and any required state taxes or fees. Consumers can and should lease any vehicle that they want without making any sort of capitalized cost reduction aka down payment.

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CarMan@Edmunds

Golddishes, make sure to have a Mercedes-Benz dealer fix every single thing that is wrong with your car before your warranty expires. If your local dealer won't work with you, try to find another one that will. If your vehicle is already having a significant number of problems this is not a good sign. You might want to consider purchasing an extended warranty for it. One thing to remember about extended warranties is that you do not have to purchase your vehicle's warranty from the dealer that you plan on having it serviced at. You are free to purchase an extended warranty from any dealer that sells your make of car. It pays to shop around either in person, over the phone, or via the Internet to get a good price for an extended warranty. Once you have gotten the lowest possible price for the level of coverage that you want, give the dealer that you plan on using for service the opportunity to match it. While you do not necessarily have to purchase your policy from them, it never hurts to do so.

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CarMan@Edmunds

Hey rajee. $500 under dealer invoice is a great price for a lease of a 2006 Infiniti G35 Coupe. Let's use Infiniti's current lease program to estimate what this car's monthly payment should be so that we cam compare that number to the one that you were quoted. According to my calculations, if you were to lease an '06 G35 Coupe with an MSRP of $37,140 and a capitalized cost of $33,567 through Infiniti Financial Services right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $415. I calculated this lease with zero down because it is in your best interest not to make any sort of capitalized cost reduction when leasing. If your leased vehicle is stolen and never recovered or totaled in an accident, your down payment essentially disappears. If you were to make a $2,500 capitalized cost reduction, it would drop this car's monthly payment to around $305. As you can see, this is higher than the payment that you were quoted. Even if yours includes tax is still seems a little too high to me.

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CarMan@Edmunds

Hello gsjiv. Dealer invoice is a very good price for a lease of this car right now. Just make sure that the dealer that you are working with uses this car's buy rate lease money factor to calculate your monthly payment and you'll be in good shape. Infiniti Financial Services' new July 36 month, 15,000 mile per year buy rate lease money factor and residual value for an '06 G35 2WD Sedan are .00124 and 56%. This car's 12,000 mile per year residual value for this term would be 1% higher.

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hangtime03

Hey Carman,

What were the residuals and money factors you were using for the 2006 24 coupe quote?- I'm getting yanked around currently as well with payments well over $500/month with a similar setup- If i could also have the numbers for a 36 and 39 month lease that would be great!

Thanks!
Justin

skaterbasist

Hey carman, you didnt respond to my question!!! well its ok

I was offered 500 over invoice. According to edmunds.com, invoice is $34,664, and MSRP is $37,850. Is this a great deal?

Thank you for any help.

skaterbasist

Just got some updated numbers for you carman,

The dealer is quoting me for $412 a month (plus 8% tax= 448 total). This is for 500 over invoice with a huge $4000 downpayment. I am really confused... many people told me my lease numbers were horrible.

This is for a 3 year lease

Thanks for any help

CarMan@Edmunds

Hi skaterbasist. I'd be happy to estimate what this car's lease payment should be like for you, however in order for me to do so I need you to provide me with its full MSRP and approximate selling price. You can find its MSRP by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You should be able to get a good idea of what sort of price you will have to pay for this car by visiting the following discussion: "Infiniti G35: Prices Paid & Buying Experience". For now one thing that I can tell you is that $4,000 is way too much money to put down on a lease. If your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears. You can lease any vehicle that you want without making any sort of capitalized cost reduction at all. All you need to pay at lease signing are your car's first month's payment, security deposit, IFS' $550 acquisition fee, and any required state taxes or fees. Anyhow, let me know this car's prices and I'll crunch some numbers for you.

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CarMan@Edmunds

Here's the info that you're looking for, hangtime03. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00216 and 72%, respectively. The numbers for an otherwise 36 month identical lease should be .00219 and 58%.

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CarMan@Edmunds

Hello Keith. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Hi klizmaaa. It is difficult to say whether Infiniti's lease program on the 2006 G35 will be better in August or September than it is now. I personally don't expect it to be much different then, but only time will tell. For now, I would be happy to provide you with feedback on this offer, however you never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. Again, I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Hi bdrick. Unfortunately, Infiniti will not let you out of your current lease for free to get a new vehicle, even if it is another Infiniti. In fact, it will likely be very expensive for you to get out of your lease 17 months before its scheduled end. If I was in your situation, I personally would wait a while to get a new vehicle. The longer you want, the less you will lose when you get something new.

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CarMan@Edmunds

Hey Justin. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00216 and 72%, respectively. The numbers for an otherwise identical 36 month lease are .00219 and 59%. The numbers for an otherwise identical 39 month lease should be .00217 and 58%.

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CarMan@Edmunds

There's only so many hours in a day, skaterbasist . $500 over invoice is a very good price for a lease of this car. Just make sure that the dealer you are working with is using its buy rate lease money factor to calculate its monthly payment and you're all set.

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rajee

Hey Car_man...

Thank you for the input .... For clarification, my TOTAL OOP was 2500, the cap cost reduction was only a little over 1000, if I remember correctly (I can dig up the real number if need be)... and apparently they add tax on the cost of the car (I guess prorated for the selling price - residual) and that gets rolled in as well which is something I didn't really want to do but it doesn't hurt that much so I went with it ... I can give you a breakdown later on and you can let me know if I missed anything...

hangtime03

Thanks CarMan!

skaterbasist

Heres my complete details...

06 G35 Coupe 6MT
Premium Package
Aero Package

500 over Invoice
Invoice $34,664
MSRP $37,850
3 year lease

Im thinking of reducing my payments to around 2.5 K.

Well carman, can you now calcualte my monthly payments with the above information (both for a 2.5k downpayment and a 4k downpayment). That would really be great... im so stressed out about this.

Also, how would my numbers change with a 2 year lease?

bomberman

Hi I would like to know if I want a 2006 G35 coupe with nav, premium, aero and I want to lease it then what is a good down payment and lease payment amount. currently I was offered a fully loaded one for $498 for 24 months with $3,000 down and a residual of $29,808. Can anyone (cough carman) please help me out? I am going to the bay area to lease this weekend regardless and would appreciate any information I could get before walking in again.

Chris

hangtime03

Hey bomberman,

From what I've gotten from carman and then numbers I've ran, it looks like theoretically at least , and i'm about to start this on saturday, you should get the car for about that much with no money down-

For a loaded automatic w. prem, aero, 19", assuming 500 over invoice, i think i ran out like 485 or something including destination and including tax- now can u get that deal anywhere, i dunno- but that's at least like a best case for ya- hope that helps

anyone else please feel free to chime in i could be incorrect-

bomberman

Thanks hangtime it looks like I could have been totally throwing $3,000 dollars out there for nothing. I'm really nervous that I will walk out with a bad deal so I appreciate your help infintely!

vortex5

Car_man is right on. Without the other numbers it is hard to do a fair comparison. Your doc fees, registration etc will be at a thousand dollars for the G35x. You may be able to roll them into the lease payment, but that will probably bump the monthly payment up. Additionally, it sounds like the G35x you were quoted does not have any premium packages, so you might not be getting

Premium Package C
Includes Bose AM/FM stereo, radio data system, 6-disc CD changer, MP3 playback, 7 speakers, power tilt/slide glass sunroof with one-touch open/close and pinch protection, Bluetooth Hands-Free phone system, manually reclining rear seatbacks with adjustable outboard head restraints, auto on/off headlights, dual zone climate control, carbon interior air filter, HomeLink universal remote transceiver, electrochromic rearview mirror, power windows with one-touch auto-down/up and safety reverse, power tilt/telescopic steering wheel, auto entry/exit system, Intelligent Key (keyless entry), rear air conditioning vents and full size spare.

The numbers you want from the dealer are

MSRP:
Invoice:
Cap cost (what are getting the car for):
Money factor ( X 24 gives you the APR):
Residual:

Comparing the Cap cost to the Invoice will give you a good sense of what you are getting.

araba3

araba3

Infiniti 2006 G35X with navi system and premium package A (blue tooth etc)-- for 24 months with 15,000 miles annually:

MSRP: 39,500
Capitalized cost: 36,600
Residual: 66 percent
money factor: .00031 (seems high)
Down payment (first payment plus fees) $1489.50
Monthly (with 7 percent NJ tax) 488.76

I feel it's a good deal-- certainly, the other dealer didn't have a better offer, in fact, the down payment was mysteriously $2000 even without cap cost reduction. But i would appreciate any ideas. Especially on the money factor. I know I'm missing one or two overall figures.thanks, :confuse:

araba3

HI everyone, not to send a panicked message, but I need to close any deal by tomorrow latest: Could somone take a look at prior post, especially money factor. is there a way to get a better one? At over seven percent, I wonder if I should just go and buy a car!

ipip316

Dear Carman:
I will pick up the G35 this weekend, do u think it is a good deal?

2006 G35 Coupe
12000 miles per year
Prem Package
Sport Package
Body Side Molding
Monthly lease: $449.33 including tax
total cash due at signing: $1972.85
term: 12 month
cash down capitalized reduction:$362.28
price: $36500 (above $1000 over invoice)

thank you

dumbass

Here's the deal I made last week on a 24 month lease:

G35 Sedan with Premium Package C & Trunk mat MSRP $35,680
Negotiated price $32,110
Residual (67%) $23,905.60
Acquisition fee $550.00
Tax, title, etc. $466.38 (sales tax on cap cost reduction 8.25% in LA)
Money factor .00052
Cap reduction of $1,728.82
Payments of $349.81 My total drive off (cap reduction, TTL, first month payment) was $2,500.00 for a sweet black/stone ride. I think I got a great deal (so they cried at the dealership). Not that I can do anything about it now, but did I?

araba3

This includes-- Navigation System plus Premium Package A (includes bluetooth) plus Premium Package C
GS35 X
It's 24 months, 15,000 miles a year.
The MSRP was about $39k
My price, about $36k
The money rate factor: .0031 (or .00031? I am mixing up these zeros)
Down payment: Taxes, registration, license fees, bank fee etc $1009 (plus first month payment)
Monthly: $455 (includes NJ tax of 7 percent)
I pushed and pished the deal and ran between two different dealers. In the end, I went with the one who made the lowest up-front payment offer, figuring he'd be easier to press on the monthly. It took a bit, but he dropped the cost. Given that it has a Navi system plus all the other systems in place, I think it's a good deal (I almost gave in at $488/mo, then someone on the other board made a deal for a similar one for $462/month with similar upfront cost and I was reinvigorated) If i hear otherwise I will be a touch sad, but I could not budge anyone any lower. But since the lease is only 24 months, I can always learn more for the next time!
:shades:

araba3

russotom

39 month lease
18,000 miles a year
989 inception fees
449 a month, including tax
2006 G35x, sticker, $35,100

Good deal?

cheep

Here's what I'm trying to make work: '06 G35 sedan, 6MT, no options, lease 15k/yr (24 or 36 months), little or nothing up front, for ~$400/month. Anybody gotten anything close to that?

sewarker

Carman,

I'm new at the whole leasing game and I would appreciate your input on a proposed lease. Here are the specs for the car:

2006 G35 Coupe 6MT
MSRP: $39,390
Options:
-Premium Pkg
-Navigational System
-Splash Guards
-Truck Mat

Here are the lease terms:

$3300 Out of Pocket at Signing
39 Months
16,500 miles/year
$22500 Residual
$500/Month

I do not have the Cap and Money Factor details since these were unknown to me prior to reading this forum. The dealer's initial monthly payment was $630, so I think I am getting a good deal at $500.

Thanks Carman. If anyone else is research similar leases I would appreciate your input as well.

abk04tl

I worked them down to 450 a month on a 06 g35 coupe 6spd premium/aero packages, sat radio 15k a year for 39 months with 3k down. Do you think this is a good deal or is there more wiggle room?

Thanks

klizmaaa

I just leased a 2006 G35X for 412 a month, 39 months 12k a year, the only thing I put down was 1st month and DMV fees. The only extra option i got was Sirius Radio
No other dealer was willing to match the offer or come even close the closest other offer i received was i like 430.

cheep

Wow, that's a good deal, klizmaaa. With a G35x at that price, surely I can get a base 6MT sedan lease for under $400/month. Where did you get that deal?

klizmaaa

Ray Catena in Edison NJ.
I was kind of surprised that they were willing to give it up at that price too, becuase I spoke to another dealer right before and was told that it would be 427.

Good luck with the search

sewarker

Here are the final numbers on the '06 6MT Coupe I just leased. The car has PREM PKG, NAV. PKG, SPLASH GUARDS and TRUCK MAT.

MSRP: $39,390
CAP Cost: $36,311
Out of Pocket: $1,900
Residual: 56%
Money Factor: .00528
Term: 39 Months
Mileage: 16,500/YR
Monthly Payment: $500

I think this is a pretty good deal.

nycguyinsand

Just leased a G35 Sedan and wanted to see if I got a decent deal.

MSRP ~$36K or so

Premium Package A
Tinted Windows
Splash Guards
12K miles year/39 mo. lease

I put down $1600 which included my 1st mo. payment, registration, etc. Terms were $431 mo. + tax ($464 mo.). So
its adds up to me paying about $18K over the term of my lease. I think I could have gotten the monthly payment down but I was 1.5 years off a Ch 7 bankruptcy and happy I was even able to make it happen (my credit is vastly better now). I wanted the NAV but figure i can live wiithout it.

thoughts?

dlbenson

That is a great price. What premium package did the car come with?

Don

theone

Car_man/anyone...

Is this a deal?

North Carolina

Base + Sports tuned susp & 19" wheels + painted mud flaps
Serangeti Sand w/ wheat leather

Window sticker MSRP $35,740
Trade-in $1,500

396 per month including 3% sales tax

411 due at signing

What are your thoughts? I'm at the dealer please let me know asap.

sikhkd

I found a 04' G35 coupe with premium and navigation for $27k. However it had high miles, such as 60k miles on it. So I walked into the dealership, accidently I walked into the new cars department. Later on the guy convinced us the benefits of leasing a car and we decided that was better.

he offered us a G35 Coupe with premium package, along with Navigation for $550 a month with $3000 upfront including taxes and fee's and first months payment.

Do you think its a good deal? I really wanted a spoiler so I told him to add it on for no charge, he said he will do it if I sign up with the lease.

qbrozen

what's the msrp, selling price, length of contract, miles per year, money factor, residual, fees, etc, etc?

Look at the post just before yours. $396 with only $1900 down. And that's for just 12 months. If you lease longer, the payment should go down. So $3k down and $550/mo. seems awfully high in comparison to other deals posted here.

hangtime03

If it helps...my recent deal..and without digging paperwork out i don't remember the specifics buttt- premium, 18" wheels, floormats/mudflap things(sorry my mind is blank!), pinstripe, 24/12000 mile, 1000 at signing including first months payment, fees, etc, and i paid another 500 for the spoiler, was 500 including tax/month- When i worked the numbers i felt like it was the absoulte best deal i could get, hope that helps.

ronnyk

I am looking at a new '06 G35X with Premium C. Sticker is $37.6.

The deal I was offered is:

Cap Cost = $35,066
Trade-in for = $5500
Residual Value = 56%
Money Factor = .001120

There is a $550 assignment fee and an "inception fee" of $579. I assume the assignment fee is standard, but what about the inception fee?

With my trade-in as a buy-down, the lease boils down to $325.71 ($355.03 w/ tax) for 36 months, 15K miles per year.

Another question I have is whether the current $2K manufacturer-to-dealer incentive does not apply to leases. I would have assumed it does since the dealer is still selling the car (albeit to a leasing company), but I was told it did not. Any experiences either way?

sikhkd

The lease is for 24 months with 3000 upfront including all taxes and fee's. The msrp is $38,650.00. I'm not sure whether he took anything off or not. Before he was offering me $550 for 36 months with $3000 upfront and the car had the premium package only. I went home, emailed him and told him that a different dealership was offering me a coupe with navigation for 550 a month. He matched the deal on the spot and told me to come in and pick up the keys.

As of now I'm waiting for my co signer to come back from his trip. But this guy is offering me $550 a month, MSRP of $38,650.00, 24 months and 15k miles/year. This is the first time I am leasing a car and have no clue whether its a good deal or not, all the other dealers are offering me the same quote and wouldn't go lower, I'm guessing its because I'm not a good bargainer. Any tips?