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MSRP 38080
Cap cost 35077
Residual 56%
money factor .00101
39 month lease 12k miles
$806.00 drive off (1st month and DMV)
$460.00 per month tax included
Sounds good but I want to make sure this is a good deal or if I can get better. Thanks for any input.
My cap cost was comparable to yours, $400 over invoice. The money factor for my 39 month lease was .00093. By my calculations, this would save you another $5 a month.
I have been quoted on a 06 Coupe with Tire/XM/Cargo/Mud for 12k/12month lease:
MSRP: $38140
Invoice: S34850
Selling Price: $34500 ($300 below invoice)
Monthly payments: $399 (including 7.75% tax)
Drive offs: $1333 (first month, $550 acq fee, title/reg)
However, using those numbers and 83% resdiual and 0.00149 money factor for the 12K/12month lease program, I come up with $366. How is the dealer coming up with that number? Any advice? Are they adding something more to the price I'm not aware of? Are the residual and money factor correct for this lease program right now?
The car has:
premium package C
Rose wood trim
Xm radio
The dealer here in Madison, Wisconsin quoted me a no down payment and 713 due at signing includes first month payment and govt fees. The monthly payment would be $526 including taxes on a 24 months/15000miles lease. The Msrp on the car is $38050. The sell price is somewhere around $500 over invoice as the dealer told me which I believe is somewhere between 34500 - 35000. The residual value is 66%. Is it too much? Should I go to another dealer?
Please help... I need to find out by Monday as I was going to sign it on monday.
Thank you very much.
I would really appreciate if someone could help me with the following question.
Recently, I wanted to lease an Infiniti G-35 sedan from an authorized dealer. After all negotiations and agreeing on a monthly payment for 39 months, the dealer asked me to sign an array of forms. The first form that I insisted signing on was the "Signature Lease form" by Infiniti Financial Service. ON this form, were various numbers that include cap cost, my monthly payments, the amount that I would pay at the end of the lease period, and so on and so forth. These numbers seemed to be in harmony with what we had discussed, and so I was okay with this form.
Next, the dealer showed me a sales receipt form, which was specific to the Dealor and did not have anything to do with Infiniti Financial Services. On this form, again there were a bunch of numbers. The dealer had listed total cash price of the car as 34000 and at the end of the form set unpaid balance as 54000.
The dealer said that the number 54000 arrives by adding 34000 (selling price of the car) + 20000 (residual value of the car). He said that when people sign the lease, the unpaid balance is always calculated this way; on the other hand, if I were to buy the car, the unpaid balance would show as 34000. I did not want to buy this explaination, at which point, the dealer said that this form would not be necessary and the only important thing is the lease form between me and Infiniti Financial services.
Could anybody tell if this is a scam or if by not signing the above form, I would not qualify for warranty services? It would be very helpful if anyone who has recently signed the lease and signed such forms at the dealor could kindly help me with this question. It would be nice if anyone could let me know at the earliest.
Thanks.
The Calculations on a 39 month 10,000 miles per year lease are as follows:
MSRP 37,250.00
Lease Price 34,773.11
57% Residual 21,232.50 ( 37250 x .57)
Depreciation 13,540.61 ( 34773.11 - 21232.50 )
Depr./Tax/Acq 15,494.27 (13540.61 + 1403.66 + 550)
Payments-
Depreciation 397.29 (15494.27/39)
Rent 53.90 ( money factor .00093 = 2.23%)
Total Pymnt. 451.19
Total Due at Delivery = 668.69 ( 1st 451.19 + DMV 217.5)
Please let me know if you need any further clarification of these numbers!
Thank you for the oppurtunity to earn your business.
PS. Cash purchase price is 32608 + Tax and DMV
When it came to lease they first said the lease would be based on the price I agreed to. Then they came back and said they couldn't apply the incentive of $2000 to the lease (incentive is $2500 mind you).
So then they worked the lease numbers based on the following:
CAP COST=$32075
Term=24 MOS
Money Factor=.00031
MSRP=$35100
CASH DOWN=$2000
GOVT FEES (DMV,etc)=$210
TAXES=1608.65
DOC FEE=$98
SEC DEPOSIT=$450
RESIDUAL=$23166
They came up with a monthly lease price of $445.52.
To me this seemed way too high based on the numbers I have seen and the calculator on their site (does it use state tax?), as well as the calculator on leaseguide.com
Are there some hidden fees here I am missing? Appreciate your thoughts and help.
I am waiting for tthe moderator, car man, and his opinion on the lease. He seems very knowledgeable on such matters.
Just as a point of info..I played with numbers to lease and to buy...and I would have put down 10kplus and taken a loan for 25k, 4 yrs. I also figured a 39mo, 10k, with 5k down...and amazingly all 3 figures were very close in final costs if you were to buy the car after the leases..I was shocked. I figured the money I lose in interest with cash down and the money I was paying out in the loan interest @6.47%..I have high cred score so I would get the best rates. My choice will be to lease with first mo, and dmv fees down.
However I am going to ask the dealer to make the price of the car 800 less to reduce the payment. If he does I do the deal. Based on my consumers reports number the cost of the car after their holdback is $33,168. So I need a bit more off the price.
I am thinking that Infinti might be giving dealers some incentive on the leases to move out the 2006s. I guess when I make my offer I will see if there is room to play.
Good Luck with your deal.
2006 G35 Coupe 6MT, Premium, Nav, Aero, Splash Gaurds, and Trunk Mat. Black exterior w/ graphite interior. I scoured Chicagoland for this combo, couldn't find it and had to order it. I caved on the capital cost since the car was not on the lot and had to be transferred. Took two weeks to get here. Tomorrow I finalize the deal.
Lease Terms: 2 years @ 15,000 miles/year
================
Money Factor: .00216
Residual: 71%
MSRP: 39,940
================
Cap Cost: 37,500
Trade: (1,500) (1991 Audi 90 Coupe Quattro)
================
Cost: 36,000
I get free car washes and breakfast or lunch anytime.
No money down @ 485/month; 600/month with tax rolled in.
I live in Illinois and taxes make me cry.
HUH??? $115 tax on a $485 payment??? YIKES!!!!
Does the state provide you with a chauffeur for that kinda money?
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I am getting a 2006 G35x, C prem pack...for 432 a month, 39 mo and 10k a year. I have done the figures to buy the car based on the dealers price of 32,608.00 +tax and DMV. When i do ALL the math...to buy and to lease the numbers are shockingly close so to buy the car seems to make no sense.
If I were to buy the car and put down a tad over 10k cash and take a 4 yr loan at 6.47 for the rest the interest cost would be over $3500. Not to mention the interest lost by banking the 10k@ 5.75 % which comes to approx $1900. and to pay cash for the car is really insane..on $35,000 the interest earned in 3 yrs would be $6300.
I think it really pays to lease this car with 1st mo pymnt and Dmv fees....the figures are almost identical...amazing to see that.
Good Luck with the car....
Thx
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
g35 w/ premium package C
platinum outside
Spoiler will be put on.
24 month Lease
1,500 down
$453 per month (includes sales tax in CA)
36,000 msrp (price without the spoiler)
32,000 selling price (rough number)(says its 500 under invoice)
They're telling me that money factor is next to nothing this month for tier 1 at .00015 (i believe this is correct)
I know I'm missing a few things, but does the 1500 down (includes licensing, fees, first month plus some cap reduction) and $453 per month seem about right for this car with these options??
Thank you
I just had a miserable experience with a dealer which I posted about either on this thread or the other G35 thread about buying experience. I refused delivery of the car because it was not fit to be delivered. DO NOT let the dealer confuse you or screw with the numbers. Understand everything and get it in writing. Once you sign you have little recourse...be careful and smart.
MSRP: $39,940, Invoice: $36,474 Selling Price: $36,000 (below invoice)
12mo/12k lease tems
Cap.........................36,000.00
Bank Fee.....................550.00
Tot. Cap................36,550.00
Residual...83%......33,150.00
Tot. Deprecation...3,399.80
Deprciation...............283.32
rent.........................103.85
subtotal....................387.17
tax...............7.75......30.17
monthly Payment......417.18
Doc.fee..................45.00
licence.....................294.00
gov.fees...................8.75
advance pmts...........417.48
Drive-off..................764.93
Money Factor 1.49
Build Date: 4/6...Miles = 30...Let me know
He just calculated the Bank fee into the cap cost which shows the higher monthly payemnt and less drive-off...I will pay that with the drive off and then payment should be $367/mo including 7.75 tax. Is this a great deal or what?
It's going to be my first time leasing. These are the numbers I got from the dealer. With no money out of pocket = $615.76 per month.
2006 G35 Coupe 6MT with Premium PKG
24 months
20K miles per year
msrp 37380
invoice 34254
Cap Cost: 34554
2.16 buy rate
71%
What do you think???
Thanks!
-06 sedan m/t with premium package.
-MSRP $35,200
-Selling price $32,030.65 (little below invoice form what i hear)
-39 month lease with 15k miles
-buy off $19,712
-out of pocket is $1,475 (including first month payment)
-monthly payment is $403 (including NY state tax)
-buy rate is .001010
Please help me out , i put a $500 deposit and i need to make a decision by monday. By the way, this is from Atlantic Infinity on Long Island NY.
THANKS FOR YOUR HELP IN ADVANCE.
Rob
Info is based on 24 mth/12k mile/yr lease
'06 G35, Prem C Pkg, w/NAV, Wood Trim, Platinum Metallic
Invoice $38,200
Edmunds TMV report was $34,239 so we said we wouldn't pay more than that.
Initial Cap Cost $34,200
Residual% .67, Val. at Lease End $25,594
Money Factor .00052
Dealer Fees (reg, acquisition, doc) $1,113
I also got $4,000 for my trade-in (CarMax tried to low ball us and offered only $2,000)
No $$$ out of pocket...they took my 1st mth's payment out of the trade in value.
Monthly Payment $289.13 ($280.72 + 3% sales tax)
Good luck
Invoice was $34.7k
2006 Infiniti G35 Sedan, Model #90516 (Stock #G1000, G2000) Automatic, Leather Interior, 6 Disc CD Changer (in-dash), Alloy Wheels, Xenon Headlights. 24 payments of $299 (around $325 with tax etc is what I was told on the phone). $2990 due at lease inception $0 security deposit. Plus tax, tag, & title.
By the way, I love this site!!!
2006 G35 Sedan Premium PAckage C
39 months / 15000 miles
MSRP $358000
Cap Cost $32790
Residual $19285 (54%)
Money Factor .00101
$1500 out the door including 1st month
$399 + tax monthly
I got a quote from Southbay Infinity in Torrance, CA.
Base G35, $399(including tax), $2200 down, 24mth. MF @ 0.00052.
For some reason, he did not include mileage or anyother fees.
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I notice that you are trading in a vehicle on your new G35. Are you using the proceeds from your trade as a down payment? I always advise consumers against making any sort of down payment when leasing. The main reason for this is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. You can still trade in your current vehicle when leasing, just have the dealer that you are working with cut you a check for any equity that you have in in rather than using the money as a capitalized cost reduction.
The $550 fee that you were quoted is legitimate. Infiniti Financial Services charges a $500 acquisition fee on every vehicle that it leases. I am not sure what the $579 inception fee includes. Make sure to ask because this may just be another name for a doc fee. Dealers often use doc fees to add additional profit to deals.
The money factor and residual value that you were quoted are right in line with Infiniti Financial Services' base program for this car. This is always a good sign because it means that the dealer that you are working with is not trying to mark your vehicle's money factor up to add additional hidden back-end profit to your deal.
The $2,500 dealer cash that Infiniti is currently providing on 2006 G35 Sedans is not compatible with IFS' special lease program.
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As you can see, the methods for calculating sales tax on leased vehicles vary from state to state. If you tell me what state you are in I can try to give you an idea of how sales tax is calculated on leases in your area.
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Does anyone have any idea what kind of lease (very ballpark) id be paying? I plan on buying it in November. I live in New York. Any information would help...as im trying to get my finances together