Two years ago I leased a 2008 G35 sedan (with the sport and premium package) for a 24 month lease with 15000 miles/year for $3000 down (total out of pocket) and $425 per month. When I just went to the dealer he said now they were only offering 39 month leases. Does anyone have an idea what the cost difference should be between the 24 and 39 month leases? thnx
QUESTIONS: Is 7 the max MSDs or can I do 9? Did I calculate everything right? I show that at signing I'd owe 1st months payment, registration and license, smog fee, doc fee for about $1100-1200 total
Hi infiniti51. IFS' August buy rate lease money factor and residual value for a 39 month lease of a 2010 G37X Sedan with 15,000 miles per year are .00126 and 57%, respectively for consumers who qualify for its top credit tier.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi xtriplesix. Technically one could lease an Infiniti through Infiniti Financial Services for 24 months if they really wanted to. Having said that, doing so would be a bad idea because Infiniti is not currently providing support on two-year leases. It will be much cheaper for you to go with a 36 or 39 month lease of the car that you're interested in.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I'm not surprised to find you over here. I usually scan the forums once each day. Yes, you've calculated everything correctly. The Max MSD's, I believe, is 7. But, check with the dealer to be sure. I can't remember whether it was Infiniti or BMW that used to max out at 9.
Remember, that the conquest cash is, most likely, taxable as it's not treated as a bona fide discount. Also, if my memory serves me correctly, IFS may have a $150 purchase option fee as well as a disposition fee at lease end.
Just thought I'd throw in my two cents for whatever it's worth.
Thanks for your help again. The dealer says I can do 9 but they calculated the discount as lower than I did (.00001 off per MSD instead of .0001 off). They said they'd double check the numbers though.
I don't mind paying $87.5 in sales tax on the $1000 cash. It was the $650 on the overpriced CTS that bothered me.
Hey MrMinski - yep, we will keep our plates and register the car in Alabama.
The folks at Roswell have already computed the Alabama taxes and the fees for me. They are letting me turn in my 08 G35 to them, too!
Please tell me they don't put a huge tacky dealer sticker on the trunk area - As good as they have been to me, I certainly won't mind advertising for them - just hope it is small and dignified looking!
Please tell me they don't put a huge tacky dealer sticker on the trunk area - As good as they have been to me, I certainly won't mind advertising for them - just hope it is small and dignified looking!
That's real simple. You tell them to remove it before you take possession of the car. I've always done that. I even remove the dealer license plate frames.
I never understood why people let dealers leave the stickers on their newly purchased cars, guess they don't realize they can come off.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
You got the car for $350 over invoice which isn't bad. The only issue I see with your lease is the $1786 cap cost reduction which is not a good thing to do on a lease.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
MSRP 37475 Invoice 34569 Zero down Residual 0.59 36 mo. MF .107 the dealer said there is 1000 rebate that can be used to cover the acquisition fee 595 and first month payment
You didn't give a selling price, can't evaluate the deal. Especially since we have no idea what is rolled in to the lease on the zero down. Some states that could be $50 tags, others $600. Some states $55 doc fee, others $800. The only apples to apples comparison is selling price.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
I'm gonna use the Pull Ahead program and lease a new G35X sedan this month. For the Chicagoland area, can I get the August Residual and MF. Ride with G has July as 58% and .00112. Also, do you think an offer of $500 over invoice less $2000 (Loyalty & Marketing support) is appropriate? Thanks.
we are being quoted a money factor of .00169 for a 39 mo lease with IFS for a 2010 Infiniti G37 Journey Sedan. we have seen lease factors of .00107. we have been told they wont negotiate the money factor.
every other part of the deal is great. what can we do to negotiate a lower money factor?
Lease Deal: new 2010 g37 journey sedan moonlight white/wheat interior premium pakg. navigation pckg/woodtrim cargo net/trunk mat/first aid kit
$4809.01 drive off (includes tax +dmv fees) $36,785 cap cost+ $595 bank acq fee $32, 926.43 net cap cost $23,635 residual value $333.82 mo pmt
Just leased a 2010 G37 Journey with the premium and navigation packages, as well as the trunk mats and splash guards. The MSRP of the car was $39,680. I did a 39 month lease with 39,000 total miles. I put $800 total out of pocket including tax, tag, and everything plus the $1000 Infiniti loyalty/conquest cash. The agreed upon sale price of the car (besides Infiniti's thousand bucks) was $36,617, which I believe, is $189 over dealer invoice. So with my total $800 out of my pocket, the lease payments were $398.13 plus $27.87 (7% Miami-Dade County sales tax) for a total payment of $426.00 for 39 months. To me, that was an exceptional deal for this type of car.
They gave me $17.11 cashback. I did put down the 9 MSDs for $4050 which I'll get back at the end of my lease (it lowers the lease by $60/mo for a 17% annual return)
Alright, now that I've spent a great deal of time reviewing all of the great contributions to the forum, I feel well armed. Here is the deal I am proposing to our dealer:
G37 w/Premium + mud flaps MSRP: $36770 Invoice: $33,823 (this is a VPP deal @ invoice + no destination charge) MY10 Dealer Cash: $1000 (may not get this per VPP rules) Conquest Bonus: $1000 Acquisition Fee: $595 Disposition Fee: ?
Term: 39 months Adjusted Cap Cost: $32,418 Residual: $22,104/59% MF: .00047 (.00107 posted on forum as MF for August - 7 MSD's) Sales Tax: 3%
Estimating $316.20+9.49 (tax) for total of $325.69/month
Money out: MSD Cost: $3150 Taxes/Title/Registration/Fees: Est. $500-800 Total $3650-3950 (with the $3150 returned at end of lease)
I'd really appreciate a review to make sure I'm calculating correctly and using sane/accurate numbers.
Thanks again to Edmunds for hosting this site and empowering consumers!
That's right, the MY10 $1000 you see is from Nissan/Infiniti's VPP program where some companies receive "perks". The perk level for the company I work for is factory invoice, no destination charge, and potentially this MY10 thing. The wording was nebulous on whether it's included for a lease, so I tend to believe you are correct.
You used the residual and money factor from a 36mo lease with 12,000mi/yr so you need to adjust payments to 36mos. Also the MSDs are based on the lease price at the pre-discounted money factor of .00107.
Sales tax is only 3%? You are better off using the conquest cash to cover your downpayment so you save upfront cash and don't have to pay sales tax on it.
59% is the residual for 36mos not 39mos. You need to input the higher money factor into your lease calculator to calculate the payment and then round up the nearest $50 and multiply by the number of MSDs (up to 9). Use truecar.com lowest guaranteed price to negotiate a deal off invoice on te vehicle.
Can you confirm the lease numbers for a 39 mo/15K lease for a G35X sedan? From previous posts I'm assuming 57%/.00126. I don't know if it matters, but I live in Chicago. Thanks.
Hello all, Anyone has any experience on how to get out of a lease, what are the penalties or if swapping a lease is a good option. I am currently in Miami, Florida. My apologies if Im not posting in the right forum. So I know it sounds strange so let me explain this with numbers. Several years ago I bought a jaguar xtype, good car, after several years and about 95K it started acting up and the cost of repair on those cars is huge. I had a friend that worked at an infiniti dealership, for as long as I’ve known the I always wanted a G35 6MT, I also like the G37 coupe a lot too. So when I was ready to get rid of the jaguar I went to the infiniti dealer and and he got me a good trade-in price for the jaguar, I test drove the G37 coupe and I choose the color, they washed it and then when I was ready to get with the finance guy he told me that the price that my friend had given me on the lease was based on my credit being on tier 1, after running my credit it was tier 2 which meant that the coupe was going to be a lot more than what was quoted at the beginning, I wanted the G37 coupe but I wasn’t willing to pay the extra amount so they said that they could give me the G37 sedan for the original lease payment(G37 coupe on tier 1) $520 and since I had to replace the Jaguar I went with the sedan. I love the G37 Sedan but after a year on my lease Im thinking that maybe a lease was not a good idea since I drive a lot because of work, I thought I could manage with the 15K per year but now I know that this is not going to be enough. I also think that Im paying a lot for a lease and at the end I can’t drive the car on the weekends as much as I would like. Probably for the same monthly payment I can get a G35 6MT with decent mileage and instead of leasing I would be purchasing. So what are the pro’s of this, well the car will be mine, yes it’s an older model but it’s a car that I always wanted to get I can drive the car as much as I want, I could get an extended warranty and I usually take good care of my cars, the money I would be spending would be applied to owning the car just not leasing or renting it. So my question is how do I get out of the lease, this month August marks the first year since I got the car, I have 15K per year and now I am around 16400 miles which is not awful but I would like to be able to drive the car as much as I want. I heard that some options are swapping the lease, I dont know how this works and I dont know the penalties when it comes to Infinity, I hope someone here can help me with some information. I also heard that another option is bringing back the car to the dealership and getting something else, from what I heard they will apply the difference to the new car that I take out, so this might not be the best option. I also dont have any idea what are the penalties for breaking the lease. Any one has any ideas, suggestions or additional information? thanks for your help.
You can trade a leased car in just like a car you are buying. They value your trade-in and then get the payoff from Infinti. You too can get the payoff amount from Infinti Finance on the phone or online. Usually after one year on a lease you are very upside down, meaning your payoff is much higher then the car is worth.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
You are likely way better off paying the mileage overage on your lease than trying to get out of your lease early. If it's 0.25 per mile and you drive an extra 4000 miles a year it costs $3000 over your 3 year lease compared to the $5000-$10,000 you'll likely be upside-down if you trade in your car. Plus even if you purchase a vehicle you still have costs to driving excess miles.
Don't put money down on a lease. Post the MSRP and negotiated price. Use the $1000 conquest cash for the cash due at signing. If you extra cash - use it for multiple security deposits instead. It lowers your monthly payment almost as much as a down payment, but you get the money back in full at the end of your lease and you save on taxes!
Thank you paperboy. I would still pay for taxes and fees correct? I want to put 0 out of pocket, and have a payment around 400, I am unsure if any dealer can do it.
If you know the residuals and money factor it's easy to see how low a dealer would have to go to hit those numbers. It is tough to get to that payment unless you do the multiple security deposits that are refundable.
Thanks for sharing the new August buy rate and lease money factors for the G37 Sedan. I ended up sealing the deal on the Anniversary Ed on July 31st with what I was lead to believe were the correct values of .00121 & 59% for a 10K mile 39 month lease. Looks like from your information that they reduced the residual value by 3% which in long run accounted for about an extra $1200 over the lease term.
I know IFS added a few costs from July to August like an extra $20 destination fee, a $.05/mile increase in the excessive mileage, and a $200 increase in the base MSRP vehicle cost, but all-in-all, I am satisfied with the deal I received considering the rarity of the model in my area.
Here is a breakdown of how things worked out for me (Tampa, FL area) MSRP: $44215 Base Cap Cost: $41050 (July Invoice 40904 + $146 for tint) Other Costs: $1094 ($499 Dealer fee + $595 lease acquisition fee) Cap Cost Reduction: $1000 (Customer Loyalty/Conquest) Net Cap: $41144 Residual: $26087 MF: .00121 (2.9%) Term: 39 months Tax: ~7%
Monthy Payment: $500.18 (+/~ $443 out the door in upfront state fees and tax on loyalty).
They also made my last month payment on my old lease. Did IFS change the residual from July to August, or was it 62% all along and how do you think I fared?
Also, can anyone confirm if the "pull-ahead program" typically applies to customers who decide to purchase the vehicle close to the end of the lease term?
Are there other ways to get around returning the lease? anyone has had experience with swap a lease? I am not sure how it works, I know that some companies are against it and there are fees, I dont know about infiniti. From what I heard swap a lease someone else picks up the payment of the lease, are you still the primary on that lease or everything changes to the other person? any experiences with this?
The deal is $1768 under invoice, $1000 is the current lease discount. But still $768 under invoice seems too good too be true. If you get it congrats.
Zero 1st month payment - No problem Zero Security Deposit - Rarely ever hear of one anyway Zero Down Payment - Should never do on a lease Zero Bank Acquisition - Don't think so, its getting rolled into the lease
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Monthly payment $377.33 Sign and drive ($0 out of pocket other than MSD cost) $600 check back for last two payments of existing lease w/Acura
I know I could have driven this further down with the $1000 Mfr to Dealer that's out there, but the wife was starting to melt down. Conquest Cash used for out-the-door costs.
Hello. I just leased a 2010 G37 Sedan (premium package) in Miami, FL - (bluetooth/sunroof/ipod) for the following:
10k - a year 39 mth lease $2500 - Down $400 (including tax)- Monthly
I also purchased the tire& rim/maintenance package/if stolen get $2k back/ for an additional $37 a month. Do you guys think this is a good deal? Thanks!
Without seeing the MSRP, money factor and residual value, it's difficult to say for sure. If you look through this forum you'll see the advice is to avoid money down, if possible. Through the use of Multiple Security Deposits you can reduce the money factor, which in turn reduces your monthly payment, and at the end of the lease you receive the money back.
Check out my post from 8/14 which shows my similar purchase for comparison.
I agree, it is hard to tell since we do not know what the MSRp of the car is..... BUt I am not sure it is such a good deal... I just got the same car 2 weeks ago. but I got 12K miles and I did not put any money down other than my first payment and $110 for registration and my payments are $398 including GA taxes for 39 months. I am extremely happy with my lease. Car is great......
Comments
When I just went to the dealer he said now they were only offering 39 month leases.
Does anyone have an idea what the cost difference should be between the 24 and 39 month leases?
thnx
2010 Infiniti G37 Journey Sedan
http://www.infinitimv.com/vehicle/new/76163-JN1CV6AP9AM203589/2010-Infiniti-G37.- htm
$41,960 MSRP
$38,000 Selling Price
-$1,000 Conquest Cash
$595.00 Acquisition Fee
----------------------------------------------
$37,595 Net Capitalized Cost
36mo 15,000 miles/yr
Money Factor: .00107
Residual: 57%
Payment before tax: $445.76
Buy 7 MSDs for $3150 = .0007 reduction
New Money Factor: 0.00037
Residual 57%
New payment before tax: $402.70
QUESTIONS:
Is 7 the max MSDs or can I do 9?
Did I calculate everything right?
I show that at signing I'd owe 1st months payment, registration and license, smog fee, doc fee for about $1100-1200 total
You'd need to post the money factor, residual, msrp, negotiated price to see if it's a good deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm not surprised to find you over here. I usually scan the forums once each day. Yes, you've calculated everything correctly. The Max MSD's, I believe, is 7. But, check with the dealer to be sure. I can't remember whether it was Infiniti or BMW that used to max out at 9.
Remember, that the conquest cash is, most likely, taxable as it's not treated as a bona fide discount. Also, if my memory serves me correctly, IFS may have a $150 purchase option fee as well as a disposition fee at lease end.
Just thought I'd throw in my two cents for whatever it's worth.
John
Thanks for your help again. The dealer says I can do 9 but they calculated the discount as lower than I did (.00001 off per MSD instead of .0001 off). They said they'd double check the numbers though.
I don't mind paying $87.5 in sales tax on the $1000 cash. It was the $650 on the overpriced CTS that bothered me.
Paperboy
The folks at Roswell have already computed the Alabama taxes and the fees for me. They are letting me turn in my 08 G35 to them, too!
Please tell me they don't put a huge tacky dealer sticker on the trunk area - As good as they have been to me, I certainly won't mind advertising for them - just hope it is small and dignified looking!
That's real simple. You tell them to remove it before you take possession of the car. I've always done that. I even remove the dealer license plate frames.
I never understood why people let dealers leave the stickers on their newly purchased cars, guess they don't realize they can come off.
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
G37X with premium package, body color splash guards, carpeted trunk mats and performance tire and wheel package
MSRP: 39,930.00
AGREED UPON VALUE OF VEHICLE: $37,030+ $167(up-front sales tax) and $595 acquisition fee
TOTAL GROSS CAP COST: $37,792
CAP COST REDUCTION: $1786+FIRST MONTH+TITLE/REG/DOC=$2500.00
REBATES AND NON CASH CREDIT-$1000
CASH FROM ME: $1500(INCLUDES FIRST MONTH PAYMENT)
RESIDUAL VALUE: 57%
MONEY FACTOR: .00126
39 MONTHS, 15,000 MILES
$413/MONTH
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
Invoice 34569
Zero down
Residual 0.59
36 mo.
MF .107
the dealer said there is 1000 rebate that can be used to cover the acquisition fee 595 and first month payment
434/month + tax
Is this a good deal?
Thank you in advance.
2010 G37 Journey Sedan w/Premium, Navi, Door Sills, 1st Aid, Cargo Net
MSRP 39755
Selling Price 35975 (including wheel locks)
Money Factor: .00017 (did max 9 MSDs for .00107 - 0.0090)
Residual: 57% (15k mi/yr for 36 mos)
Down payment: $17.11 Cash back
Monthly payment: $396.45 + 34.69 tax@8.75% = $431.14/month for 35 months
MSDS: $4050 refundable at the end of lease
I'm very happy
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'm gonna use the Pull Ahead program and lease a new G35X sedan this month. For the Chicagoland area, can I get the August Residual and MF. Ride with G has July as 58% and .00112. Also, do you think an offer of $500 over invoice less $2000 (Loyalty & Marketing support) is appropriate? Thanks.
every other part of the deal is great. what can we do to negotiate a lower money factor?
Lease Deal:
new 2010 g37 journey sedan moonlight white/wheat interior
premium pakg. navigation pckg/woodtrim
cargo net/trunk mat/first aid kit
$4809.01 drive off (includes tax +dmv fees)
$36,785 cap cost+ $595 bank acq fee
$32, 926.43 net cap cost
$23,635 residual value
$333.82 mo pmt
thank you for your help...
Thanks
Get a 36mo lease. That's where the .00107 mf is.
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
how much was your down payment? is it $17.11??
They gave me $17.11 cashback.
I did put down the 9 MSDs for $4050 which I'll get back at the end of my lease (it lowers the lease by $60/mo for a 17% annual return)
G37 w/Premium + mud flaps
MSRP: $36770
Invoice: $33,823 (this is a VPP deal @ invoice + no destination charge)
MY10 Dealer Cash: $1000 (may not get this per VPP rules)
Conquest Bonus: $1000
Acquisition Fee: $595
Disposition Fee: ?
Term:
39 months
Adjusted Cap Cost: $32,418
Residual: $22,104/59%
MF: .00047 (.00107 posted on forum as MF for August - 7 MSD's)
Sales Tax: 3%
Estimating $316.20+9.49 (tax) for total of $325.69/month
Money out:
MSD Cost: $3150
Taxes/Title/Registration/Fees: Est. $500-800
Total $3650-3950 (with the $3150 returned at end of lease)
I'd really appreciate a review to make sure I'm calculating correctly and using sane/accurate numbers.
Thanks again to Edmunds for hosting this site and empowering consumers!
-DB
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
Outside of that, how does the rest appear?
Thanks!
DB
You used the residual and money factor from a 36mo lease with 12,000mi/yr so you need to adjust payments to 36mos. Also the MSDs are based on the lease price at the pre-discounted money factor of .00107.
I've adjusted my numbers to reflect the 39 month lease (.000121 MF). Can you confirm whether the residual is indeed 59% for the Journey Premium?
Also, I wasn't completely clear on what you said regarding the MSD's. How should I be factoring those in differently?
Once these numbers are straight, I'll be firing off an email to the dealership.
59% is the residual for 36mos not 39mos. You need to input the higher money factor into your lease calculator to calculate the payment and then round up the nearest $50 and multiply by the number of MSDs (up to 9). Use truecar.com lowest guaranteed price to negotiate a deal off invoice on te vehicle.
Can you confirm the lease numbers for a 39 mo/15K lease for a G35X sedan? From previous posts I'm assuming 57%/.00126. I don't know if it matters, but I live in Chicago. Thanks.
Anyone has any experience on how to get out of a lease, what are the penalties or if swapping a lease is a good option. I am currently in Miami, Florida. My apologies if Im not posting in the right forum.
So I know it sounds strange so let me explain this with numbers.
Several years ago I bought a jaguar xtype, good car, after several years and about 95K it started acting up and the cost of repair on those cars is huge. I had a friend that worked at an infiniti dealership, for as long as I’ve known the I always wanted a G35 6MT, I also like the G37 coupe a lot too.
So when I was ready to get rid of the jaguar I went to the infiniti dealer and and he got me a good trade-in price for the jaguar, I test drove the G37 coupe and I choose the color, they washed it and then when I was ready to get with the finance guy he told me that the price that my friend had given me on the lease was based on my credit being on tier 1, after running my credit it was tier 2 which meant that the coupe was going to be a lot more than what was quoted at the beginning, I wanted the G37 coupe but I wasn’t willing to pay the extra amount so they said that they could give me the G37 sedan for the original lease payment(G37 coupe on tier 1) $520 and since I had to replace the Jaguar I went with the sedan.
I love the G37 Sedan but after a year on my lease Im thinking that maybe a lease was not a good idea since I drive a lot because of work, I thought I could manage with the 15K per year but now I know that this is not going to be enough. I also think that Im paying a lot for a lease and at the end I can’t drive the car on the weekends as much as I would like.
Probably for the same monthly payment I can get a G35 6MT with decent mileage and instead of leasing I would be purchasing.
So what are the pro’s of this, well the car will be mine, yes it’s an older model but it’s a car that I always wanted to get
I can drive the car as much as I want,
I could get an extended warranty and I usually take good care of my cars, the money I would be spending would be applied to owning the car just not leasing or renting it.
So my question is how do I get out of the lease, this month August marks the first year since I got the car, I have 15K per year and now I am around 16400 miles which is not awful but I would like to be able to drive the car as much as I want.
I heard that some options are swapping the lease, I dont know how this works and I dont know the penalties when it comes to Infinity, I hope someone here can help me with some information. I also heard that another option is bringing back the car to the dealership and getting something else, from what I heard they will apply the difference to the new car that I take out, so this might not be the best option. I also dont have any idea what are the penalties for breaking the lease. Any one has any ideas, suggestions or additional information? thanks for your help.
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 are likely way better off paying the mileage overage on your lease than trying to get out of your lease early. If it's 0.25 per mile and you drive an extra 4000 miles a year it costs $3000 over your 3 year lease compared to the $5000-$10,000 you'll likely be upside-down if you trade in your car. Plus even if you purchase a vehicle you still have costs to driving excess miles.
$410 a month with 12k a year for 36 months
out of pocket-3170, for taxes and fees.
What do you guys think? And does anyone recommend a better dealer around the tri state are i'm in NYC. Thanks.
Don't put money down on a lease. Post the MSRP and negotiated price. Use the $1000 conquest cash for the cash due at signing. If you extra cash - use it for multiple security deposits instead. It lowers your monthly payment almost as much as a down payment, but you get the money back in full at the end of your lease and you save on taxes!
If you know the residuals and money factor it's easy to see how low a dealer would have to go to hit those numbers. It is tough to get to that payment unless you do the multiple security deposits that are refundable.
Thanks for sharing the new August buy rate and lease money factors for the G37 Sedan. I ended up sealing the deal on the Anniversary Ed on July 31st with what I was lead to believe were the correct values of .00121 & 59% for a 10K mile 39 month lease. Looks like from your information that they reduced the residual value by 3% which in long run accounted for about an extra $1200 over the lease term.
I know IFS added a few costs from July to August like an extra $20 destination fee, a $.05/mile increase in the excessive mileage, and a $200 increase in the base MSRP vehicle cost, but all-in-all, I am satisfied with the deal I received considering the rarity of the model in my area.
Here is a breakdown of how things worked out for me (Tampa, FL area)
MSRP: $44215
Base Cap Cost: $41050 (July Invoice 40904 + $146 for tint)
Other Costs: $1094 ($499 Dealer fee + $595 lease acquisition fee)
Cap Cost Reduction: $1000 (Customer Loyalty/Conquest)
Net Cap: $41144
Residual: $26087
MF: .00121 (2.9%)
Term: 39 months
Tax: ~7%
Monthy Payment: $500.18 (+/~ $443 out the door in upfront state fees and tax on loyalty).
They also made my last month payment on my old lease. Did IFS change the residual from July to August, or was it 62% all along and how do you think I fared?
Also, can anyone confirm if the "pull-ahead program" typically applies to customers who decide to purchase the vehicle close to the end of the lease term?
Thanks!
From what I heard swap a lease someone else picks up the payment of the lease, are you still the primary on that lease or everything changes to the other person?
any experiences with this?
I do not know the MF or Residual value yet....I thought of just getting a SALE PRICE agreed on first and then start working on some number out.
2010 G37x Sedean (With Premium & Navi)
MSRP: 40,925
Selling Price: 35,877
Zero 1st month payment
Zero Security Deposit
Zero Down Payment
Zero Bank Acquisition
Advertised monthly LEASE : 409 (Not sure how many years or months or MF or RV was used)
I'm stopping by the dealer tommorow and will get the MF & RV for a 36 monthes 12k LEASE
Please share your thoughts,
Zero 1st month payment - No problem
Zero Security Deposit - Rarely ever hear of one anyway
Zero Down Payment - Should never do on a lease
Zero Bank Acquisition - Don't think so, its getting rolled into the lease
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
This price is being offered through the ZAG network and its a confirmed one
The ZERO options,good points. I'll have to see with my own eyes on a paper and see what all they cover.
2010 G37X Premium Package
36 Months / 12,000 K
MSRP: 39,440
Selling Price : 34,540 (Well below Invoice, conquest cash included)
MF: 0.00001 (Put down 9 Security deposits of $350 each)
RV: 60%
Monthly Payment : 335.41 (inc of TAX 6%)
Please comments if this a good deal. Thanks.
Here are my details from today's purchase:
2010 G37 Premium w/mud flaps, first aid, carpeted trunk mat, cargo net, locking lugs
MSRP: $37,840
Selling Price: $34,845
39 Months/10K
MF: .00051 (.00121 w/7 MSD's dropped @ $450 each)
RV: $22,319 or 59%
Monthly payment $377.33
Sign and drive ($0 out of pocket other than MSD cost)
$600 check back for last two payments of existing lease w/Acura
I know I could have driven this further down with the $1000 Mfr to Dealer that's out there, but the wife was starting to melt down. Conquest Cash used for out-the-door costs.
-DB
$1000 dealer cash is not available on a lease.
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
10k - a year
39 mth lease
$2500 - Down
$400 (including tax)- Monthly
I also purchased the tire& rim/maintenance package/if stolen get $2k back/ for an additional $37 a month.
Do you guys think this is a good deal? Thanks!
Without seeing the MSRP, money factor and residual value, it's difficult to say for sure. If you look through this forum you'll see the advice is to avoid money down, if possible. Through the use of Multiple Security Deposits you can reduce the money factor, which in turn reduces your monthly payment, and at the end of the lease you receive the money back.
Check out my post from 8/14 which shows my similar purchase for comparison.
I agree, it is hard to tell since we do not know what the MSRp of the car is..... BUt I am not sure it is such a good deal... I just got the same car 2 weeks ago. but I got 12K miles and I did not put any money down other than my first payment and $110 for registration and my payments are $398 including GA taxes for 39 months. I am extremely happy with my lease. Car is great......