Infiniti G37 Lease Questions

kingpcgeek

No double dipping. Only one $1000 discount allowed.

hooch7

Hello,

Can you post the residual and money factor for the 2011 g37x, 36 month, and 15k miles.

thanks

chris642

I have a 2007 Infinit G35x and I am about 40k over the mileage. Its due back at the end of the month and I wanted to get a 2010/2011 G37. Any suggestions on what I can do? Shoud I just buy my car?

mark99177

WOW! I've never heard of someone being that far over mileage before. Because you went so far over, in my opinion, your screwed any way you look at it. If you buy the car off lease, you'll be getting a lousy deal because the lease payoff amount of the car is going to be alot more than what the car is actually worth (because of so many miles.) So if the lease payoff amount to buy is example 25,000 and the car is only worth 18,000, your losing about 7k. At .25 cents a mile over and 40k over mileage, thats a 10k out of pocket loss and you have no car. Your going to lose no matter what, but my advice is to look at kelly blue book value of the car with current mileage and compare it to the lease payoff amount, this is probably the route with the least damage.

FYI: For all 2010 G37 Convertible Sport buyers, I'm signing my deal tomorrow:
It looks really fair overall. 39/mo lease at 449.00 a month.
MSRP: 51705
Base Cap Cost: 45000
Bank Fee: 595
Cap Cost Reduction: 1,999
Adj. Cap Cost: 43,596
Residual (60%): 31,023
MF: .0017
Term: 39 mo.
Sales Tax: 7%
Mo. Payment: $449.24 -- (Tax is +31.35/mo. or 1,366 upfront which is what I'm doing.)
Total down: 1,999 down payment+449 1st mo.+595bank fee. = 3,043.00
I'm paying all tax for down payment and all lease payments upfront.

09_Audi_Fan

Yeah I agree with you. With 40K over mileage he's screwed but maybe he can negotiate a favorable buyout price so that he's not overpaying to buy back his car.

Mark, I'd ask for another $500 off that price. You're getting about $2,600 below invoice which is okay. I'm getting over $3,000 below invoice and my car has a lower msrp so there's more room to move your price down.

jcleme1537

I went to a dealer today to get rough numbers and I think this is way off but tell me what you think please!

2011 g37
Sport
Navigation
MSRP 41,500
12k miles per year
1600 down/total drive off
39/months

$575.00/month

slkid73

I just wanted a sanity check on a 2010 Infinity G37 X AWD with premium / navigation package with $41,230 MSRP and $36,500 selling Price, 39 mos. lease term, 59% residual value, .00109 money factor and 7% tax. The closing payment would be $390 (first month), $595 bank fee and misc. expenses. Ongoing $421 monthly payment with taxes.

Any feedback would be much appreciated. Thanks.

kingpcgeek

Considering you are getting the car for around $1400 under invoice I would say you are getting an excellent deal.

chris642

I was forced to change jobs 6 months after the lease started and i had a 150 mile daily commute for about 2 years. I am now working close to home but I really want to get rid of the car.Can I work with the dealer to eat some of the cost for my over mileage if I get something new or for them to buy out my car and I pay the difference?

I know I will have to kick in money somewhere and Im ok with that, I am just trying to reduce paying the full 8k for the 20 cents per mile< worst case scenario I have to buy the car and thats not the end of the world.

09_Audi_Fan

I'd keep shopping until you get another 1000-1500 off that price.

CarMan@Edmunds

Hey z4maudioman. Here's the information that you're looking for.

Infiniti Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Convertible Sport with 15,000 miles per year are .00173 and 60%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical 39 month lease are 00173 and 58%.

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CarMan@Edmunds

Here you go, chakp.

Infiniti Financial Services' October 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 .00170 and 62%, respectively for consumers who qualify for its top credit tiers.

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CarMan@Edmunds

Hi dealmaking. The selling price that you were quoted for this car is a little over $600 over dealer invoice. There might be another hundred or two to play with, but that's not bad. Just make sure that the dealer uses Infiniti Financial Services' buy rate lease money factor to calculate your payment and you're in business.

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CarMan@Edmunds

I sure do, ares1819.

Infiniti Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 G37 Sedan Journey with 15,000 miles per year are .00181 and 62%, respectively.

The numbers for an otherwise identical lease of a 2011 G37X are .00170 and 62%.

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

The numbers for an otherwise identical lease of a 2010 G37X are .00094 and 57%.

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CarMan@Edmunds

Hello rosenkreuz.

Infiniti Financial Services' October buy rate lease money factor and residual value for a 39 month lease of a 2010 G37 Coupe Journey with 10,000 miles per year are .00126 and 61%, respectively.

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CarMan@Edmunds

Hey devs6. As usual, Kingpc is right. The conquest cash is compatible with Infiniti's special lease program, but the dealer cash is not.

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CarMan@Edmunds

I'd be happy to help you out, hooch7.

Infiniti Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 G37X Sedan with 15,000 miles per year are .00179 and 61%, respectively for consumers who qualify for its top credit tier.

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CarMan@Edmunds

Hi chris642. Unfortunately, I don't believe that you have a whole lot of options here. The only way that you can avoid paying a substantial excess mileage penalty is to purchase your car at lease-end.

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CarMan@Edmunds

Chris642, the excess mileage charge is really between you and the bank that you're leasing your car through, likely Infiniti Financial Services. The dealer does not have the authority to waive any of your mileage penalty. They can use some of their proceeds from a new deal to help you pay the penalty, but having them do so will just hamper your ability to get the best possible deal on your new car.

I'd probably just buy the car if I was in your situation.

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gooddeal2

Hi Car_man, what is the rate for x coupe 24 months w/ 10 or 12k miles? Does Infinti allow MSDs on the 24 months lease? I might want to lease instead of purchase. Thanks.

jenonry2

I am confused as I am seeing a couple different money factors and residual values for the 2010 G37X. I am new to this forum and looking at the 2010's. The internet price I was quoted is $36,284 with a MSRP of $39260. They said it was $200 over invoice. I am in the Madison/Milwaukee, WI area. Is the $1000 for any lease deal?

Any help is greatly appreciated.

atlmcmk

Infiniti has made me the offer below. They haven't given me any of the values I see mentioned on other posts. Here's what they offered me:

2010 FX35 Premium, Navigation
MSRP: $49,085.
Selling Price: $38,237.
Drive Out Cash Price: $41,125
Includes all fees, 6% sales tax and $4k incentive
OR
Purchase
0.9% Apr 60 months $3,800 down $645.
0.9% Apr 66 months $3,800 down $645.
2.90% Apr 72 months $3,800 down $629.
OR

Lease 15k miles, $3,800 Down
42 months $513.
39 months $518.

Includes all fee's and 6% sales tax included in monthly payment...

Obviously, I would love to be able to take them up on option 1, but I don't have that kind of cash laying around (which, of course they know and that's why they offered it). Parts of Option2 are good as well, but I don't want a payment that high. Option 3 is the most palatable financially to me, but I've never done a lease before and don't know what I don't know.

Curious as to others thoughts on the offer.

kingpcgeek

This is a G forum, you would probably have better luck at the FX forum.

xruined901

Hi Car_man,

As someone else mentioned, I am also confused by the various different MF and residuals that I've seen you (and others) quote for October for the same car and lease. For the 2010 G37x, I've seen MF of .00094, .00109, .00170, and residuals from 59% to 62%.

I don't understand all the different numbers for the same car, I don't even get why there are different MF for different models, why would the interest rate depend on the model when it's all money borrowed from IFS? If you were getting a car loan there would be a set interest rate no matter what car model or manufacturer.

Please explain why there isn't a consistent MF for a given timeframe and model that one would expect every dealer would quote consistenly? Thanks.

kingpcgeek

It comes down to resale value. The goal of a leasing company is to have the resale value of a car at lease end be more or the same as the residual value that is on your contract. The only way to do that is to take a guesstimate on the residual value.

The base model of a car almost always has the highest residual % because the options that you tack on to the car depreciate quicker than the car itself. After 3 years a G37 base and G37 Journey have essentially the same resale value.

Honda goes so far to have a different residual for a car with navigation because they know that the resale value of a car with no nav and a car with nav are essentially the same at the end of three years. You wind up paying for the entire $2000 nav up-charge doing the 3 years of the lease.

Residual also typically go lower as the model year progresses since the car in the used car market can already be a year old.

So why do MF's change? As the residual values go up and down the leasing company can manipulate the MF up and down to keep the payment at a certain amount. They drop the residual, they make a corresponding drop in the MF. In the case of a G that has kept the payment for most models within a couple of dollars for several months even with changing residuals.

bcvc71_li

Those numbers look like the 2011 rates. Can you please confirm what the 2010 rates are this month?

dibby11

Looking for a G37x Coupe with Premium Package.

What are the rates for 36 and 39 month lease for both 10k and 12k miles and which would be the best program to go for?

737capt

Car_man,
Do you have the current lease rates and incentives for a 2011 G37 Journey? Thanks!

xruined901

Interesting, thanks. I wouldn't have thought that. Figured the MF was just an interest rate, whatever the going interest rate is at the time, just like when, for example, IFS offers 1.9% financing on purchases, the 1.9% doesn't vary depending on the model/trim.

xruined901

I've read that one risk of putting a lot of money down is that if the car is stolen or totaled, the down payment is lost. However, I still want to reduce my monthly payments as much as possible, so I'm considering MSD. Can anyone confirm with certainty whether the MSD is returned in full if the car is lost or stolen? Is it iron-clad guaranteed in the IFS lease contract?
Thanks.

chakp

I called 3 dealers apart from my local dealer today for my 2011 G37x loaded with Prem, Tech, Nav, Sports, Interior Accents package, Illuminated kick plates etc. MSRP is 45190. I got 2 similar best offers very close to 42200. I am planning to lease this car for 12K miles for 36/39 months.

Offer details:
MSRP: 45190
Cap Cost:44240 (Selling price 42200 + NE Licensing fee 1240 + Bank fee 595 + Doc fee 200)
MF: 0.00179
Residual Value: 63%
Term: 39 months
Miles: 12K
Sales Tax: 7%
Down payment : First month payment
Monthly Payment: 534.51 + Tax

Is this a good deal? Anybody know about the state (Nebraska) licensing fee? I never heard this before. Also let me know if they are using the right residual value, as Carman stated that the Residual Value for 15K miles is 62%.

Apparently the dealer has no idea about the MSDs. He said that Infiniti financial services doesn't offer any other ways(such as MSDs) to lower MF. What I heard from these forums that some dealers doesnt know these MSDs option. Could some body help me to figure a way to use the MSDs. I am willing to put 7-8 months MSDs to lower my monthly payments.

vio

Hey all,
I've recently decided towards the 2010 g37x lease. I have been emailing the dealerships in Chicagoland but at this point i don't know what a good offer means. The best that i got was 38.600 for 2010 premium navigation. I would want my monthly payments to be at the max of $399. Would you guys recommend a downpayment or MSDs? After my calculation with MSDs i would go over $400...but then again this is my first lease so i'm still trying to figure all this out.

I also have a car that i would like to trade in which they evaluated at 2500 more then i have remaining on my loan. I've been reading up and i saw that it's not recommended to do that.

Thank you in advancs for your reply

xruined901

Best offer for me on a 2010 G37x premium,nav,sport, deck spoiler was $38k in NY/NJ area, MSRP $42585. You can do much better on just premium/nav, $36.5k or less. Check out truecar.com. I didn't take the deal, but the lease (36 months/ 12K miles) would have been $353/month inc 6.25% taxes, with $3700 cap cost reduction ($1k of that was loyalty program, so only $2.7k from me).

jchalm

Keep in mind that in Illnois (unlike most other states), you will pay tax on the entire purchase price. If you live in the city of Chicago, there is also an additional 6% lease tax.

This makes comparing lease prices to deals in other states very difficult to do.

chakp

Sorry these are the correct numbers that the dealer sent to me which seemed to be very high.
MSRP: $45,190
Sale price - $42,920
Bank Fees - $595
Doc Fee - $199
NE License Fee -$1,265
Net Cap - $44,979 (42290 + 595 + 199 + 1265)
Residual(63%) - $28,469.70
Total Depreciation-$16,509.30
Security Deposit- $0
Depreciation - $423.32
Rent - $146.16
Cash on delivery- $569.48
Term- 39 months/ 12k per year

Subtotal - $569.48 + Tax

awd2003

I'm looking at a 2010 G37X with Premium, wood, splash guards and the net package.
The MSRP is $39,990.
Sell price $37,482
residual 59%
Money factor .000109 reduced to .00019 with MSD
Out of pocket is $1608 witch includes 1st month, registration, dealer and bank fees and taxes.
The MSD was calculated $4050 for 9 payments.

My monthly payment is $362.38 for 39 months 10,000 miles per year.
The dealer is taking me out of my current lease with four payments remaining.

Can you let me know if this deal is fair?
Thanks

09_Audi_Fan

You're only getting $2,500 off MSRP which is a huge rip-off. You can get $6,500 off msrp trust me.

awd2003

Thanks for the info. Where are these deals? I'm in CT and there are only 3 dealerships in the state and two of them have same owner. I have $1600 in lease payments remaining on my car. I gotta figure the dealer is rolling them into the new car price. I can always wait until Feb 2011 when my lease is over and try to get a 2011 model.

kingpcgeek

Trust you to sell me a bridge in Brooklyn to?

There is no way that someone can get being able to get $6,5000 off MSRP. The spread between MSRP and invoice is around $3,000. There is $1000 in cash for leasing and buying. So the best someone should hope to get is about $4000 off MSRP.

vio

2010 g37x premium,nav

39 mo 12000 miles
MSRP 41280
Sell price 36456
Residual 58%
MF 0.00109 reduced with 9 MSD 0.00019 ( 9 MSD = 4500 ????)
Out of pocket 1454 ( bank+first+plate+st tax)
Monthly payment 409
Illinois taxes included

Since I've seen you guys know the ins and outs of this..what do you think?

CarMan@Edmunds

Greetings gooddeal2. You definitely don't want to lease any Infiniti for only 24 months. Infiniti stopped providing support on 24 month leases a while ago. As a result its money factors (which are used to calculate the interest portion of your lease payment) are much higher for 24 month leases than they are for other terms. You would be much better off going with a 36 month lease.

Infiniti Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Coupe with 12,000 miles per year are .00137 and 63%, respectively for consumers who qualify for its top credit tiers.

The residual value for a lease with only 10,000 miles per year would be 1% higher.

I assume that IFS' MSD program is available for any length lease.

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CarMan@Edmunds

Hi jenonry2. $200 over dealer invoice is a very attractive selling price for a 2010 G37X, especially if it's after the $1,000 cash incentive that is available on leases has been taken into account.

Infiniti Financial Services' current buy rate for a 36 month lease of one is .00094.

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CarMan@Edmunds

My bad. You're absolutely right, those are the numbers for the 2011 model.

Infiniti Financial Services' October 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 tiers.

Sorry for the confusion.

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CarMan@Edmunds

Hi dibby11. Infiniti Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Coupe with 12,000 miles per year are .00137 and 63%, respectively.

The numbers for an otherwise identical 39 month lease are .00148 and 62%.

If you were to lease this car with only 10,000 miles per year, its residual values would be 1% higher.

The 39 month program will probably result in a payment that is slightly lower than the 36 month program.

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CarMan@Edmunds

Here you go, 737capt.

Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 Infiniti G37 Sedan Journey with 15,000 miles per year are .00181 and 62%, respectively for consumers who qualify for its top credit tier.

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gooddeal2

Thanks Car_man. Does Audi (A4 or A5) or BMW (335 x coupe) offer good rate on the 24 months lease?

CarMan@Edmunds

You're welcome, gooddeal2. Yes both BMW and Audi are currently offering support on two year leases.

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gooddeal2

Thanks again.

inctomi1

Hey River37,

That's an excellent deal you got. I am in the market for the same as I am coming off a Lexus ES lease and I want to go with the extra power and handling of G37 journey. Imitation is the sincere form of flattery. Can I use your deal to score a similar one? Who did you deal with there?
Thanks,
Rob

geckosz

Hello,
I'm looking for the MF and residual for a 2010 G37 6MT for a 36 month lease, 15k miles per year.

I'd also like the same information for a 2011 G37 6MT.

Thanks.