Infiniti G37 Lease Questions

hoboray

Long story but this was the "matched" offer and it was sweetened on top of that. If you guys are rolling the tax into a payment, your cap cost and payment will be higher.

MSRP: $42,055
MF: .00001
Cap Cost: $37354.75
Residual: 77%
18m/12k miles; $669 down (first plus SC tax of $300 max for new car, which is awesome)
$350/mo.

I ended up with about the same down (first + tax + added tint and paid all upfront ~ $820 or so) and got $325/mo. Unfortunately the lease paperwork is in the trunk at the airport parking lot and I won't get to it until Friday. The MF is as low as it can go so the cap cost had to be reduced by ((350-325)X18 = $450). However, the car I got with prem/nav/kick plates/first aid kit/mats had MSRP of $41,6XX if I recall so there's $500 difference there too. Bottom line play with the numbers in a lease calc and get the cap cost to fit $325. A week ago I thought I'd be at $375-400 no money down but I kept at it and got here.

trusaleen1

Thanks Hoboray,

Im going to go to the dealer this weekend. Hopefully I can work out something, similar. Im looking at 15k per year, but based on your numbers that should get me around $350. Im just curious as to what infiniti is going to do with August numbers. I would bet they would stay similiar. What color combo did you get

hb_md

Hello Everyone,

Was wondering what you guys think of this deal?

MSRP: 42K
CC: 38K

12K/ 350 a mnth and 500 down.

Should I take it?

Appreciate any suggestions...

isellhondas

Don't be the person who outsmarts themselves waiting and hoping for a better deal. I saw that happen all of the time.

Also, as inventories shrink you will ahve fewer cars to choose from.

Infinitis are great cars that don't sell well. This current lease looks like a desperate attempt to move some cars.

If you wait, you may end up outsmarting yourself!

CarMan@Edmunds

Hi twistane. Sorry for the delay in my reply. I was on vacation.

Infiniti Financial Services' July buy rate lease money factor and residual value for a 39-month lease of a 2012 G37 Sedan Journey with 10,000 miles per year are .00001 and 58%, respectively for consumers who qualify for its top credit tier.

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CarMan@Edmunds

Hi trusaleen1. Infiniti Financial Services' July buy rate lease money factor and residual value for an 24-month lease of a 2012 G37 Coupe Sport with 15,000 miles per year are .00001 and 68%, respectively for consumers who qualify for its top credit tier.

I think that the 18-month leases are only available on G37 Sedans, not the Coupes.

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CarMan@Edmunds

Hi heavens360. Infiniti dealers are indeed being given $3,000 dealer cash on 2012 G37 Sedans that consumers pay cash for or finance through an independent bank. This cash incentive drops to $2,000 for vehicles that are financed through and $1,000 on vehicles that are leased through Infiniti Financial Services. Given this cash, it is entirely possible to get one for below invoice.

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CarMan@Edmunds

As dbg8 said, the odd 18-month term was intended to help expiring G lessees bridge the gap between now and when the redesigned model is introduced.

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CarMan@Edmunds

Hey trusaleen1. I'm still here, I was just away on vacation . I'm all recharged and ready to help out . See you around the boards.

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vydra3

A bit more info on my deal in MA:

G37x + Prem
Illuminated kickplates
Splash guards
Trunk mat + first aid kit + cargo net

MSRP: 41985
Base Cap cost: 37778
Residual Value: 32748 (78% of MSRP)

18mo, 12k/yr -> 340/mo + 6.25% sales tax = 361/mo

No down payment, just drive off = 1st + doc + lic = 814

I don't have the MF, but using a lease calculator, I back calculate it to be MF = .00028. This is definitely higher then what others are showing, but still an APR of 0.67% (.00028 x 2400 = 0.672)

I just checked the TMV: it has dropped to $37k for my area. So I agreed to a base cap cost about 800 over TMV, but 1500 below invoice of 39.3k.

I'm now convinced I could have done a bit better given the TMV and the MF, but if there was only $1k dealer incentive from IFS on a lease; and TBH, given it's only 18 mo, you'd need to get at least $15 a month to make it worth the extra effort it would have taken.

All said, you can do much better then the Infiniti nationwide promotion, if the dealer has the cars.

trusaleen1

Welcome back Car_man. So i changed to the sedan since it had an 18 month lease. Really want the 6MT sedan, but the residual is lower on that one. Do you see any lower rates in August? I got a quote for 400 a month with 400 down here in CA on a g37 journey premium sedan with navi. What do you think?

dcf1955

@ vydra3: what dealership in MA? Im in South Shore looking to go out today to get the deal. Did you shop anywhere else?

trusaleen1

Ok car_man, sorry to bother you, but Ive been called by another dealer on the G37 Sport 6MT sedan that I wanted

The offer is
MSRP- 41695
Selling- 37250
$500 out of pocket
18 month lease
15,000 mile

$425 per month with tax

Should I pull the trigger or wait for Aug?

kingpcgeek

There are psychics here, car_man included. Please don't ask someone to decide for you whether or not you should buy this month or next.

trusaleen1

Just thought that Car_man being in the business he might have some more insight into what Infiniti might do and also his opinion on the deal

astuff

The latest dealer to offer a special is Orange County Infiniti. $259 a month for a 10k/yr 18 month lease. $0 down and driveoff of first payment, title, registration, and bank fee. I believe raising the mileage to 15k/yr will drop the residual 2-3%. So, you would add to the monthly lease payment about $40-50 extra.

vydra3

Hello dcf1955, I am working with Infiniti of Norwood on Rt 1. So maybe worth a call, they have a decent number of cars in stock.

-v

pchin2

I got an offer g37x coupe with premium package 10k and 24 month lease

400 month with taxes rolled in. My first payment is bank fee + 1st month.

What do you guys think?

CarMan@Edmunds

Thanks trusaleen1. As you may already be aware, Infiniti's current programs are scheduled to run through today, 7/31. It's difficult to say what its August programs will be like. I suspect that they will be very similar, if not exactly the same as the July program, but we won't know for certain until they are officially announced.

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CarMan@Edmunds

Hey trusaleen1. A $4,445 discount is an excellent selling price for this car. Just make sure that the dealer is using this car's buy rate lease money factor of .00001 to calculate your payment and you're in business.

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trusaleen1

Thanks Carman, sorry to be a best, do they usually announce them on the first of the month, i.e. tomorrow?

CarMan@Edmunds

You're welcome trusaleen1. I suspect that Infiniti will provide the details of its new August programs to dealers some time tomorrow. It might take me a day or two to get ahold of them. Please feel free to check back with me towards the end of the week and I'll gladly fill you in on what I have been able to find out about the new offers.

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trusaleen1

Thank You

CarMan@Edmunds

You're very welcome.

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suicidy

I'm trying to work a deal on a g37 at Cerrito's in CA. Their rep said he expected to have new lease info by tomorrow afternoon. Hopefully this is true as any numbers he sends will be predicated on that information.

paul243

2012 G37x premium package

39 month lease $4603 down $299 month 10k yr

gross cap cost
vehicle price $37643
acq. fee $700
gross cap cost $38343

value of vehicle + AMO's $37643
gross cap cost $38343
cap cost reduction $3000
adj. cap cost $35343
residual $24665
depreciation $10678
rent $982
total of base payments $11661
# of payments 39
total payment $299

Due on delivery
cap cost reduction $3000
Sales tax @ 7% $1031
1st month payment $299
Documentation fee $75
license fee $185
government fee $12
total drive off $4603

Any help would be greatly appreciated . This will be the first time I ever leased and the dealer gave me the figures and said this is the best they can do. He said the figures come from the main company and there is no room for any movement. Before I make the deal I would just like someone to let me know if the numbers are in the right ballpark. If not how would I be able to negotiate a better deal.

The bottom line is $417 a month for 39 months for a total of $16264

Sorry if I gave to much info. Wasn't sure what was needed so I put everything down.

Thanks again for any help

kkcar5

First time in the market to lease, any advice is appreciated. Below are the numbers I got from a dealer in Atlanta. Can I do any better.

G37 Journey with Premium Package:

MSRP: $39985. MF: 0.00001. Residual: 12k miles is 77%, 15k miles is 75%.
Sale Price of $34841.40 + $599 Dealer Doc Fee + $700 Lessor Acquisition Fee = $36140.40 Capitalized Cost.

Monthly : $298+tax for 12k on 18m lease

Thanks
kk

trusaleen1

I finally pulled the trigger on a lease last night. Got the car I want 2012 G37 MT6 Sport.

MSRP of 42255
75% Residual
.00001 Money Factor
18 month lease
15,000 miles

Put ONLY first months payment down, rolled everything else into lease

TOTAL $405 including tax, think I got a great deal

stilestoo

Hey everyone,
I could use a little advice; I have been a loyal Lexus owner but like the new 2012 G37 Journey. Test drove it and discussed numbers. I have 5 months left on my Lexus at $466 a month (including tax) and need to get out of this lease as I am close to my mileage. After the normai BS, they chased me out with; $1,595 down, 12K a year, 39 months, retire old lease for $399 with tax.

Thoughts?

Thanks in advance!

urirx98

ANybody get any deals for the AUGUST rates yet??

urirx98

DId u have a Infiniti before, trade anything in or sell a car to get this lease?

suicidy

I'm working on a deal for ag37x right now. The 18 month lease is still on the table. They quoted a .77 residual on 12k miles,and a .0001 MF. They left out the other details in the email I received. I will update my post when I get more data.

nyccarguy

Great deal on a KILLER CAR! I'm glad you got the stick like you wanted! Enjoy it.

trusaleen1

No, I had done business with the dealer back in 2006. Havent had an infiniti since 2008. Basically it was the last sale of the month. They kept calling me to come and they would make it worth my while.

trusaleen1

Thanks, yeah Im glad I got the stick. Love the car

kkcar5

Any advise here.

Thanks
kk

suicidy

Car Man, what ate the lease incentives for August? Is it still just $1k?

garden54

looking for a 2012 Infiniti G37 Sedan x AWD on 12,000 mile lease...nav package included...all expenses wrapped in with no money down and bs avoided. Any ideas what the "sticker" would look like or any deals ready to be made in Northern NJ???

robd22

I live in NJ. I got the G37x coupe for around $10000 w/o NAV. thats the sum I'm paying over 24 months...

garden54

so about $415 monthly all in with taxes?...anything down?? and how many miles monthly? Can you tell me the "sticker" price on the car??

CarMan@Edmunds

Yes, the cash incentive on leases of the 2012 G37 Sedan is still $1,000.

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garden54

didn't get that message at all........come again??

carguy415

I know of a great Infiniti dealership, still in the market?

carguy415

Sounds legit - does the Infiniti inclue Navi? and which state is this( different states, different tax, fees, ect.)

carguy415

Looks really good, was there any upfront costs?

carguy415

looks like g37 prem w/navi? how many months and what state?

garden54

who is it?

chung

Just got off a phone for a lease deal negotiation. This is first time I am considering a lease. Below is the offer the dealership was offering, any recommendation/comments is appreciated.

G37x w/ Premium package

MSRP = ~ 40K
Residual factor = 79%
Annual mileage = 10K
Lease Term = 18 months
All taxes & out the door fees + 1 month payment = ~$3,400
Monthly payment = $309

When I do the math, it comes out to be about $480 per month (everything inclusive) or $8,653 for 18 months which seems expensive.. just my thoughts

Tax in Chicago is 9.25%.

Is this a reasonable deal?

Thanks,

garden54

much too high......!!

rscogs

I was just thinking about how a finance charge like this is permitted or why it is.
You lease a car that the MSRP is 20k. You put nothing down and the residual is 50%.
The bank that bought the car charges you interest on 20k for the term of the lease. That I understand. But they also charge you interest on the 10k that you used. You end up paying interest on 30k for the term of the lease. Is that because now they may be stuck with a car? Or is it called something officially?