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I was hoping you could verify these numbers for me:
1 Year Lease, $2000 down
- G35 Coupe, Auto, Premium and Sport packages
- Selling Price: 35,074
- Residual Value: 30,704
- Cash Cap Reduction: 666.59
- Adjusted Cap Cost: 34,407.41
- Money Factor: 0.00006
- Rental price: 312.51 + 25.78 tax = 338.29
Thoughts?
Thanks.
Selling: 30,607
Neg. Equity: 3,324
39 Month Lease
MF:.00066
Residual:57%
Down: 1,200
426/Mo after taxes (8%)
You think this is good deal or no deal or what do you have in mind.
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Car_man
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Infiniti is currently providing $2,500 dealer cash on the 2006 G35 Sedan. This is how the selling price that you saw is below dealer invoice. However, this dealer cash is not compatible with IFS' special lease program. So if you want to lease one through it, you probably will not be able to get a selling price that is below invoice. If you are in an area that has a decent level of competition, figure that you will have to pay a couple hundred over invoice for this car.
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MSRP 38540
Sale price 36340
12 mo/12k lease
residual 30832 (80%)
special lease finance rate 1.95%--not sure how this converts into a money factor figure
The dealer is pushing a single payment plan with total single payment = 6329
Two questions:
1. Are these lease terms a good deal? I realize that the dealer needs to make some money, but I want to make sure it is in line.
2. What should I consider before taking a single payment plan other than the interest I am giving up by not having that money in the bank?
Parkway infiniti in Ca had a deal today where they were offering the exact same car for $3000 upfront and $300 a month plus tax = $324.75 for a total of 324.75*11 + 3000 = $6572.25/12000 = 54.77 cents a month. They sold all their cars (or so they said when we went there). You are getting a great deal (in my opinion). Also, suppose you put your money in a CD for 4.3% a year. you will have $6,329 *1.043 = 6600. So, you get the car for $28 more than the Parkway deal. Still well worth it, or better yet, haggle for another $30! :-)
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As far as the specific lease that you were quoted goes, the selling price of the car that you are interested in looks to be around $1,100 over dealer invoice. This isn't terrible, but I have seen community members getting prices that are much closer to invoice lately. You may want to try comparison shopping a little bit. Also, Infiniti Financial Services' current buy rate lease money factor for a 12 month lease of an '06 G35 Coupe is only .00006 if you pay a security deposit at lease signing and qualify for its top credit tier. The factor that you were quoted is higher than this. Make sure that the dealer you get your car from uses its buy rate money factor to calculate its monthly payment.
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24 and 36 month 15k per year leases.
if the msrp was 37530, invoice was 34360 and neg price was about 35,500 what would you calculate the 24/30k lease price to be? I saw an earlier post which stated the MF was .00003 and res is 65% but I think my math was off because payment seemed way to low.
2006 Infiniti G35x Sedan
Premium C Package, Painted Splash Guards, Trunk Tray
24 months, 12,000 miles/year
$2000 total out of pocket, $375/month inc tax, fees & 1st month
Could I do better? I really wanted to be around $350.
G35 Sedan
35,700 MSRP
I live in Indiana, 6% tax rate.
2,000 down (includes 1st payment)
399 / month
2 year lease at 12,000 miles per year.
Includes all taxes & fees.
Dealer says they are at $200 over invoice.
Thanks for your help
I just leased a G35 Sedan 6MT with 1000 miles on it (Demo):
Aero pkg
Sunroof
12K/24mos
2000 down also (TOTAL)
$320/month
In Ohio
Another dealer in Ohio offered me the following when I presented the above to him:
G35 6Mt
Premium Pkg
12/24
2000 Down
$382/month
The above is based on MI tax of 6%....I chose the first car with no premium, but with sunroof and Aero pkg
G35/coupe Diamond Graphite.
- Premium Package
- Sport Tuned Suspension Package
- Aero Package
- Siruis Sat.
- Trunk Mat and Splash Guards
MSRP: $39640 plus Crap charges of automate and dealer tint which adds another $1200. Total price $40888.00
MSRP $40888
Selling price $35386
Residule price $31433
$2000 Total down includes all fees Tags and first month. $360/month out the door for 12 months 12K year.
hope that helps
he hasn't yet told me what money factor, residual and selling price are yet. he wants to "discuss that in person" of course.
another question- would i be better off putting $2k down to cover 1st month, fees & capcost reduction, or doing about the same amount of moneys worth of MSDs?
Also, the 24 month lease is cheaper per mile (, but I want the car for 3 years. Does it make sense to pay more for a longer lease?
g35 coupe 6MT
premium package
Nav system
Rear active steer
sunroof, splash guards, side molding, trunk mats
MSRP 39930
price 36900
1 year/15k miles
1800down, 506/month
I believe I got a good deal. I've been on this site religiously for the past few weeks. Hope this helps. Thanks to everyone who posts and to carman.
Also, when people are stating how much their leases are per mile, is this including everything (bank fees, tax, etc).
Thanks.
Bjakey
Thanks!!
http://www.infinitihelp.com/Infiniti/Models/2007/G35%20Coupe/Description.htm
I have seen the concept for what was supposed to be the 07 G35 and it does look slick, but will it really be the G35, or will it be an 07 G37 or 08 G35/G37?
I am faced with a "either wait to see if that redesign comes out and miss out on my leasing options now or lease now and get the new design later." Do you (or anyone) have any information on the redesign?
06 G35MT w/ premium, aero, sirius. MSRP is $35950. Terms are $996.50 at sigining and $459/mo for 24 or 36 months with 15k year. I'm in SC (tax here is set @$300).
I'm trying to get more info (residual, cap cost, money factor, etc) as this was internet quote. Thanks for any responses or thoughts.
Coupe-$37,140 MSRP Cap Cost $34,650
39 month lease:
2151 Drive-off $487.58/month with tax
Sedan Same term:
2077 drive-off $425/month with tax
Please Help. Thank you very much!!! :confuse:
I also have more details from my post above for a 6MT sedan w/ premium, aero, sirius. MSRP is $35950 and terms are $996.50 down with $459 month for 24 months/30k miles. Here is the breakdown from the dealer:
The $996.50 consists of 1st payment, $198.50 doc fee, $300 sales tax, and $39 for a new tag. The money facto is less than 1% interest. The sales price is $33035.67. No multiple security deposits and the resid val is 64%.
Hope this helps!
Any thoughts on this offer??
G35 24 month 68% 0.00224 36 months 56% 0.00209
G35 sport 24 months 66% 0.00223 36 months 57% 0.00236
G35 AWS 24 months 68% 0.00225 36 months 57% 0.00231
the residual look pretty good and the money factor is not bad either (especially with the multiple deposits). I ran some number for the top of the line G35 (roughly at 39000 with 500 acquisition fee, pay MSRP) for 36 months and it come out to about 490 depreciation + 127 rent for a total of 617 + tax a month on top of the drive off. And if you can negotiate a better price or have less option, the lease will go downn from here. Let see what Car_man has...
G35 06 RV MF
24 0.65 0.00001
36 0.55 0.00087
48 0.42 0.00227
60 0.35 0.00116
2007 Infiniti G35 Sedan and Coupe Lease Rates (27 views) (27 thread views)
Message: 2007 Infiniti G35 Sedan
24 mo/15k mi – Residual Value 68% of MSRP – .00224 Base Money Factor Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00209 Base Money Factor Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00239 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00249 Base Money Factor Rate
2007 Infiniti G35 Sport Sedan
24 mo/15k mi – Residual Value 66% of MSRP – .00223 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00236 Base Money Factor Rate
48 mo/15k mi – Residual Value 42% of MSRP – .00237 Base Money Factor Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00249 Base Money Factor Rate
2007 Infiniti G35 AWD Sedan
24 mo/15k mi – Residual Value 68% of MSRP – .00225 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00231 Base Money Factor Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00239 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00249 Base Money Factor Rate
2007 Infiniti G35 Coupe
24 mo/15k mi – Residual Value 67% of MSRP – .00227 Base Money Factor Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00227 Base Money Factor Rate
48 mo/15k mi – Residual Value 47% of MSRP – .00239 Base Money Factor Rate
60 mo/15k mi – Residual Value 38% of MSRP – .00249 Base Money Factor Rate
Add 1% to Residual Value for 12k mi/yr on all terms and 2% for 10k mi/yr on 36+ months.
$1400 drive off with $383 monthly payment.
Great experience.
Thanks this forum so much for the info I got from here.
Enjoy my driving right now.
Presumably because of the 2006 model year-end incentives, I've seen a few attractive lease deals for 12-month terms. I've never leased before and did some research on how Illinois handles sales tax on leases and wanted to confirm my understanding. If sales tax is owed on the purchase price and can either be paid up-front or rolled into the monthly payments, then it seems that 12-month leases don't make much sense for most IL residents. If you only needed to pay sales tax on the monthly payment than it's much more cost-effective, but otherwise on a $40,000 vehicle you would be paying around $3000 up-front, or $250/month just to lease a vehicle for 1 year. Is there anything I'm missing or is this basically correct for IL residents? One site mentioned possibly being exempt from tax if the term is 12-months or less, but I couldn't find any other info about that so am assuming it's incorrect.
Thanks in advance,
J
Thanks!
I am in Indiana where we pay 6% tax on each monthly payment. I am only paying tax of 6% on the depreciation part and finance part of the payment. ie, not paying tax on the whole price of the vehicle.
I suspect for Illinois you do have to pay for the tax up front but it wouldnt be near 3,000 as I would think the tax total would be calculated on the difference between adjusted cap cost(what you pay for the vehicle) minus residual value + the finance costs. ie, pay 40k for vehicle but use it for example 12 months with residual of 30k(example) so you would only pay tax on the $ you use up in the lease(10k)+ the finance part. I could be totally wrong, but I dont see how any state could make you pay for tax in a lease on $ that you dont use the vehicle...
Which makes a 12-month lease very, very expensive..
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