Infiniti G37 Lease Questions

mssurrey

Car-Man

Where are U - I need your help ! (see post 5625 above) !

Thanks

mumuxu

Bryan,

Which dealer is this pls.?

4ml

MSRP: 42795

Manager has agreed to sell it for 37200 but I've asked him to knock off the 200 and sell it for 37k straight and he said he can probably do that but just needs a permission. So, I think they'll be able to do that.

Once we agree on that - I'll let them know that I plan to lease the car.

So, I'm looking at zero down, .00112mf, 60% residual on 36mo. 12k/year lease

I think Infiniti lets you put down 9 security deposits - so I'll do that. I've to look out for other fees they put on top of that. I'm trying to find out what exactly does GAP insurance do? Do I get that from my insurance company or through the dealership?

Anything else do I need to do remember?

CA DMV provides an $18 movement permit to move your car. So, that works out very well for me. Tax in my county is 7.1%

Please advise me if I need to talk to the manager about anything else or if I'm missing something? And would appreciate it if someone can fill me in with what exactly is GAP when your financing a car for lease. Thanks a lot - this board has been very helpful.

clebrown

G37x coupe with premium and nav. is it good - your guys thoughts?

MSRP $44,855
S = sell price $40,708

Due at signing $5873.12
First Payment $367.74
Security Deposits $4050
Doc/DMV = $371
Initial Down= $1084.38
Less - Rebate $1000
$$ due at signing $4873.12
Residual $28707
Mileage 10,000 per year
Money Factor $.00098
Tax 6.75%
Monthly Payments 38 x $367.7

A = amounts financed (fees) 0
G = gross cap $40,708
D = cap reduction $1,084
C = adj. cap (net) $39,624
N = term 39
Residual Factor 64%
R = residual value $28707.2
P = monthly payment $343.46


I really appreciate it

rahmanizak

Hello all just wanted to see how decent this deal was

2010 g37 sedan sport with premium no nav
auto, black on black
Selling price reduced to 37k
9k negative equity from trade in
Monthly $700 with tax
Drive off $4,500
California tax

Thank you in advance for your assistance!

ocbchdude

G37 Journey +Premium +Navigation +Black Grille

MSRP 39,825
Cap Cost 35,319
Doc Fee 45
Bank Fee 595
License 522
Total Cap 36481
Cap Reduction -488.86
Net Cap 35,992

Residual 59%
MF 0.00127
Term 36mo
Miles 12K

$0 out of pocket

Pmt: 422.64
Tax (CA) 8.75%
Total Payment 459.62

I think all the info you need is here. Dealer was very co-operative at giving me the info I needed to analyze (unlike the Benz dealer).

Thank you in advance...
:shades:

DB_from_NC

The deal itself seems solid...but are you going to apply any multiple security deposits (MSD's) on this? You could potentially lower your costs by up to $50/month.

-DB

almatti

I see those MSDs again? So, if you put $4,050.00 down as Security Deposit, it;s NOT a Cap Cost, youget the money back at the end of the lease? What happens if the car is stolen or totalled God Forbid?, and they probably use it against ALL Wear and Tear when you return it.....$28,707 residual !!. Can anyone tell me more about these MSDs... I'm a NYer - suspicious about some of the tricks. Are you sure that if the Market Value is less than the residual, Infiniti won't charge that loss to your MSD?? They have your Money up front that could be in an alternative investment. Granted there's not very good alternatives in which to put that money other than 1% Bank Accounts or maybe Apple Stock, at least it's not sitting in Infiniti's pocket. I think if I layed out $4,050 in my lease I would have had a $325.00/ mo payment. I'm at $425.00 per month with NO MSDs, No Cash Down.

docmri

Thanks for help from all on board and especially car-man.
Here is my deal from memory of car that I picked up Sunday. Sales rep was honest and no nonsense over Internet so I worked with her to make this deal possible here in south florida. I liked her approach very much.

G37 with navigation, premium, splash guards, trunk mat and first aid kit.
Msrp 39,630
Selling price 34,300
Rv 59%
mf .00107 or 2.59%
36 months
12,000 miles
Fl tax 6.5%
Out of pocket was 1,940 which includes first, bank fee, tags tires etc and dealer fee. No money was used for down payment except infiniti conquest 1,000. I prefer not to roll bank and dealer fees into lease. Infind it cleaner and No reason to pay interest in these fees if can be avoided.

I used 9 msd's of $400 each for total of $3,600

This dropped my interest rate to 0.41%

Total lease payment per month ( inclusive of tax) is 333.37

dw85

Trying to lease and just wanted to see if this is a possibility

Deal #1
Term (#months) 36
Term (K miles per Year) 15
Money Factor 0.00107
Security Deposit Factor 0
Residual 57%
State Sales Tax 7.00%

MSRP $35,325.00
Selling Price $30,000.00
Incentive $1,000.00
Months of Security Deposit 0
Bank Fee (to be added to cost) 595
DMV Fee $250.00
Misc Fees (docs, sales tax, etc.) $50.00

Net Money Factor 0.00107
Net Capitalized Cost $29,595.00
Depreciation Fee $262.77
Finance Fee $53.21
Monthly Payment (No Sales Tax) $315.98

Monthly Payment (Sales Tax Included) $338.10

Drive Off $638.10

kingpcgeek

Really, really doubtful. First off I'm not sure if a Journey without the premium package even exists. Then you are trying to get the car for $2700 under invoice before the $1000 lease cash or after, either way I doubt that is going to happen. Also this is a new month which means possible new lease factors and lease cash. I can tell you are not in CA by the DMV fees so the doc fee could be much higher then $50. In some states you have to pay sales tax on the lease cash, that would be $70 alone.

Sorry I don't think this a realistic proposal at all.

jkipster

I picked up my car two Fridays ago but just found this thread. I'll post my deal here in hopes that it helps others to compare their own negotiations. Granted, September lease terms from IFS may differ.

G37 Journey sedan + Premium + Navigation + Sport (+free cargo net)
36 months / 15k year

MSRP 41,415
Invoice 37,981
Net Money Factor 0.00017 (9 MSDs x 400)
Residual Value 57% 23,607

Selling Price 35,902 (including incentive)
Acq Fee 595 (Capitalized)
Doc Fee 45 (Capitalized)
Down Pmt 181 (To get round monthly pmt)
Net Cap Cost 36,360
Tax (CA) 9.75%
Monthly payment 400

Out of pocket
9 MSDs 3600
1st Pmt: 400
Down 181
Reg & Govt fee 547
Tax on incentive/down 115
Total Drive Off 4843*
* - charged to my credit card so I should get back 1%

ocbchdude

OK cool thx DB.
I picked the car up @ this deal. I wans't interested in them holding my cash with MSD's. May be purchasing a home in the next while so i'll need it.

CarMan@Edmunds

Hi simandtope. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2010 G35X Sedan with 15,000 miles per year are .00109 and 56%, respectively.

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CarMan@Edmunds

Hey topgun7. Here's the information that you're looking for.

Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a non-Sport 2010 G37 Convertible with 15,000 miles per year are .00173 and 59%, respectively for consumers who qualify for its top credit tiers.

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CarMan@Edmunds

Hello dibby11.

Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Coupe with 15,000 miles per year are .00137 and 61%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical 39 month lease are .00148 and 60%.

Car_man
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CarMan@Edmunds

Hi Sam. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Sedan with 15,000 miles per year are .00094 and 57%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical 39 month lease are .00109 and 56%.

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davezz1

Hi Car_man,
Can you please provide lease numbers for 36 month leases of a base and journey sedan please
If you also have the numbers for the base and journey coupe, please provide them too.

Thanks

boost4

Hi Car_man,

Could you also share IFS' current rates on Base Coupe and Base Sedan?

Also, what does a person's credit have to look like in order to qualify for top tier base rate... Is a FICO of 700 and up enough for this?

Thanks in advance.

boomboom21

Have you seen money factor and residual for a 36 month 12,000 mile lease on a 2010 G37X sedan? Thanks.

mrshannon

I'm interested in your opinion of this lease deal:

2010 G37 AWD with Premium package, but no navigation.
36 months/12,000/yr.
Includes all scheduled maintenance up to and including the 30K mile maintenance.

No down payment.

Monthly lease payment $340/month.

I think it's a good deal, but I'm a rookie.

kingpcgeek

Without knowing the selling price we can't tell you if its a good deal. And by selling price I don't mean the MSRP, I mean the price the dealer is charging you for the car, commonly called cap cost.

Also what does no money down mean, since it can mean three different things?

1. zero money at drive off
2. first months payment at drive off
3. first months payment, bank fee, doc fee and license fees at drive off.

mrshannon

I should have been more clear.

#3 = I mean I'm only paying taxes, title, license, doc fee and acquisition fee and first month's payment at close.

Cap cost is $33,486.00

Thanks again.

kingpcgeek

Invoice is around $36.2k so your price is $2,7k under invoice. I haven't heard if there is a change to the $1000 lease cash from last month. If there hasn't been a change, that means you got the car for $1.7k under invoice which I find incredible.

You sure you got a G37x because your cap cost fits the regular Journey pricing at $200 under invoice.

mrshannon

Positive it's a 2010 G37 AWD with premium package. The lease includes (from the dealer) all scheduled maintenance through 30K miles.

The $1,000 conquest cash is still available and part of the deal.

So you think I got a good deal? This is my first time for a lease

kingpcgeek

Its such a good deal its hard to believe. $1,700 under invoice is incredible.

mrshannon

Well, I can't claim to be an ace negotiator. I went by the Costco price, but that dealership was higher on maintenance and shaky on details. The dealership where I took the test drive matched the price and saved me money on the maintenance end.

They were also very forthright on the details.

Now I feel better about the deal.

isuperjoei

I recently leased a G37x coupe, MSRP $45,100 however, the wood was installed in the interior at the dealer the day before I leased it, so it was not in the sticker price. I was able to get the price to $40,121 and put down 9 MSDs for $339 a month. Is this a good deal?

Thanks,
Joe

isuperjoei

with the wood, the MSRP is $45,650.....navigation and premium pkg

joekor1234

Wow...from what I've read and seen that sounds like a terrific deal..did you use security deposits? I am assuming you mean the g37x sedan not coupe right?

also, would you mind sharing which dealership you got the car from or at least which state? I am really looking into the g37x also...but not sure if I will go for the coupe or sedan...(I want the coupe but being a young guy in Northern NJ I have to consider the insurance, handling in snow, room etc...)

...if anyone has any advice on dealerships in this area, i'd really appreciate it...

mrshannon

I'm such a newbie, I'm not sure what you mean about security deposits. To my knowledge, no.

Yes the AWD sedan.

I'm in VA. I'll ask the salesman if he wants me to post the info.

wiskatos

I'm wondering what the MF and residuals are for a G37 Coupe Journey and a G37 Coupe AWD for September?

Many thanks!

thaonorm

Hey guys please help me getting started, I am totally noob when it comes to leasing and have no idea of residual value etc.

I am looking forward to lease Infinity G37 (premium/sports package) .

Can some one please run the nos for me,. I am looking for 3 year and I am fine with 10K-15K miles per year. Of course I want as least payment as possible and I am willing to put some security deposit just to reduce my monthly payment.

Can some one please help me?

thaonorm

I just checked http://www.infinitiusa.com/current-offers.html/?next=Financing.Overview.Current_- Offers and i tsays down payment of almost 3.5K.

How come you guys are getting with zero down payment same car

Please help my fellow car lovers

paperboyccc

thao,

Read this thread and follow the steps precisely and carefully and you'll get the desired result:
http://slickdeals.net/forums/showthread.php?sduid=931240&t=2176180

kingpcgeek

That money includes a large cap cost reduction so they can show an enticing super low payment that is not realistic. You are not required to put that much money down, nor should you. The most at drive off you want to put down: first months payment, bank fee ($595 for Infiniti), dealer doc fee and licensing fees. When I lease all I put down is the first months payment, and roll the rest of the cost into the lease.

CarMan@Edmunds

I sure can, davezz1.

Infiniti Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a base 2010 G37 Sedan with 15,000 miles per year are .00089 and 59%, respectively.

The numbers for an otherwise identical lease of a 2010 G37 Journey Sedan are .00089 and 56%.

The numbers for an otherwise identical lease of a base 2010 G37 Coupe are .00113 and 63%.

Last byt not least, the numbers for an otherwise identical lease of a 2010 G37 Journey Coupe are .00113 and 59%.

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CarMan@Edmunds

Hi boost4. Please see my previous post for the numbers that you are looking for.

I am not sure what the exact cutoff is for Infiniti Financial Services' top credit tier. I suspect that a score of 700 probably makes you eligible for IFS' best rates, but I can check to find out for certain.

Car_man
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CarMan@Edmunds

I sure have, boomboom21. Infiniti Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Sedan with 12,000 miles per year are .00094 and 59%, respectively.

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CarMan@Edmunds

Here's the information that you're looking for, wiskatos. You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

Infiniti Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Coupe Journey with 15,000 miles per year are .00113 and 59%, respectively.

The numbers for an otherwise identical lease of a 2010 G37 Coupe AWD are .00137 and 61%.

Car_man
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CarMan@Edmunds

Welcome thaonorm. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

If you provide us with the MSRP and approximate selling price of the exact car that you're interested in, we can probably work up a sample lease payment on it for you. You can find the pricing data that you need over in the New Vehicle Pricing section of Edmunds.com.

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mrshannon

58 percent on my deal. Infiniti sets the rate.

mrshannon

Sedan, not coupe and with Premium package, but no navigation.

Dealer was Infiniti of Chantilly in VA. I have permission to post the salesman's name: George Khalil. He's very easy to work with.

mrshannon

When you negotiate the deal you simply say no down payment. I only paid taxes, title, license and acquisition fees.

chickenman33

I am interested in the 2010 G37 Journey w Premium package. I spoke with the dealer yesterday and the following is what he offered:

Msrp 41500.
cost 38500.
m Factor .0000126
residual 65%
He states Infiniti deal 3499. + TT&L + any options due at $319 mo.
He offered 38500. Top w/3399. dwn 39 mos at $399.00

New to this so would appreciate your opinion. think their is more there for me. Am I right

kingpcgeek

I have permission to post the salesman's name

Except that above every post a message box in orange letters is: Please do not post names of salespeople

Kirstie_H

A reporter seeks to interview someone who is planning to lease a car in the near future, or recently got into a lease. Please respond to pr@edmunds.com by Sept 16, 2010 with your daytime phone number and some words about your experience.
Thanks,
Jeannine Fallon
Corporate Communications
Edmunds.com

talos1

Hello. Thank you for any feedback you can provide me. I live in NY and got quoted tonight on a 2010 G37x, Premium, trim, cargo Net/FA Kit, flaps. 18K miles a year, 0 down (except first months payment), my final payment on my current lease of $565 waved for $506/39 months. Price quoted me was $35,784 ($1000 under invoice). It just seems high to me when I read all the other deals here but the funny thing is I called another dealer and he wanted $529 a month with first month down. Am I just stuck with the higher prices of the NY area or am I getting bad deals? Any thoughts would be very appreciated.

Thanks...

mrshannon

I can read very well, thank you. I put his name in after I got his permission. I didn't know I needed Edmund's permission to post someone else's name.

kingpcgeek

You don't need their permission since it is not allowed.