Infiniti G37 Lease Questions

topgun7

Sprinkler, would adding a nav change the residual on the 3 yr sedan term (non-sport)? thanks.

neverest

This is Lynnes in Bloomfield.

sprinkler13

It won't change the residual percentage...but it will change the residual value. Your MSRP will go up as well.

ssramadan

Im not sure sure if this isa good deal or not.....i need to know asap as im going in to sign for it........thanks for your help
G35s Prem, Nav, Tech
MSRP- 39715
Purchase price is 36,600.00
Residual value:$24411
Term: 24 months
NJ Sales tax: 7%
Milelage ($.10/mile over 15,000)- 18,000/year
Payment-658.56 month taxes included
Total out of pocket: $1789.06

mikejohnson

o and its 12,000 miles a yr... please someone help!

mikejohnson

hi i was planning on buying a 07 AWD g35 sedan fully loaded (tech and premium package)in NY for $2400 down (tax and fees)12,000 miles a yr for 24 months for $540 a month.. is this a good deal or does anyone think i can get a better deal??

thanks

neverest

I went and sealed the deal today and took delivery. The variable was a 1998 Volvo S70 GLT trade I had, which had 101K miles and had some cosmetic and mechanical issues. The dealer initially appraised the car at 1000 below book, but eventually wound up coming up and met me halfway. Cap cost of the car, 07 G35x nav and prem, was $35750, which is $20 over the invoice you quoted. Here are the rest of the conditions:

39 months
12K/year
0.00159 MF
Residual 55%

I paid 595 acquisition, 249 doc, and other tag/motor vehicle fees which led to a payment slightly under 460 including tax, which I find to be pretty darn good. With the trade being used to cover inception fees, I walked out the door having signed the papers and the title over.

Lynnes was generally good to deal with. I was actually surprised that they came down that low and I'm fairly happy with the trade value I got in return. I'd recommend them to anyone looking in the NJ area. Thanks spinkler13 again for your help.

sprinkler13

you are missing too much info to calculate anything. You need to find out the selling price of the car, the money factor, and the residual. Also you should get an accurate breakdown about the $2400 down and if the $540/month is before tax or if it includes tax.

topgun7

Anyone recently purchased or leased a G35 in S.F. bay area? what kind of deal can be have? and would you recommend your dealer? I am hoping to get 500 above invoice for a Journey with Nav, technology, wheels and lease it for 470-480 (including tax) a month 36 months 12k mi with 9 deposit and minimal drive off...

gdesantis3

sounds like you're getting ripped off. Is the car a g35x or RWD?

gdesantis3

Recently leased a G35X with Sunroof only. Total out-of-pocket was 3400 (including tax, first payment, fees, etc). It's for 39 months at 370 per month. Residual is 58%. 10k miles per year.

gdesantis3

At the end of the term you would have paid a little over 50% of the MSRP. It's an okay deal. You can get better.

gdesantis3

Sounds high. The monthly payment sounds right but the upfront cost is high. think of it like this: 3640 divided by 24 months is 151.67/month. Add 151.67 to your monthly payment of 408.57 and you get 560.24. At the end of the lease you would have paid 13445.76. That's 33.6% of the MSRP. With a 70% residual (28035) the total cost of the vehicle would be 41480.76. Dealer makes out. if you can get the same deal for 36 or 39 months than do it. Otherwise I would shop around.

alfster3

Congrats, neverest! I am looking for similarly equipped G. I emailed Lynnes as well and they have been easy to deal with.

Hopefully I can get a deal like yours.

alfster3

Hi ssramadan,

I think you can do better. I plugged your numbers in and get a monthly payment of $623. This includes sales tax and the $300 extra mileage charge rolled into your payments. If you have to pay for them at inception then the payment would be $609 by my calculations. These are based on a MF of .00141 and 63% residual.

The invoice price for this car is $36,261, your cap cost is only $339 over, which is a good deal. Somewhere else you are being overcharged.

The residual you were quoted is only 61%. According to the numbers just posted by Sprinker13, you should get 63%

Get a breakdown of the inception fees (due at signing), and ask for the money factor and residual % if you can before signing.

Hope this helps, good luck.

bbenson5

What do you guys think of this deal advertised in the local Tucson paper. It sounds absolutely horrible to me but thought I might be missing something because the lease deal advertised on this site ($389 for 39 months) also seems horrendous. Here are the details as advertised.
--2007 Ininiti G35 Sedan Sport Pkg Moonroof.
--$399 month for 39 months
--$4500 due at signing includes down payment, first months payment, license, and $299 doc fee. Tax not included.
--Residual $19083
--12,000 miles annually
I figure license in AZ might be around $700-$900.
What are opinions on this? Thanks!

I think the deal would be pretty good if instead of $4500 only $1500 was needed but don't know if that is reasonable or not.

fredrickk

I called up a leasing company (Not Infiniti Financial) today to inquire about leasing a G35 coupe with these options:

Nav
Premium Package
Aero Package
Sport Tuned Suspension

I was looking at a 4yr/15k annual lease, and this is what I was offered:

$6k down (I know car_man would hate that!)
$590/month before tax
4 yr/15k miles lease

I'm in So Cal, so I wonder if that has anything to do with it. :mad:

bbenson5

The numbers sound hideous to me but I'm a little confused about the lease deals being advertised because there is nothing enticing about them and I was told by a dealership that this month leases are being subsidized a little bit.

fredrickk

Yeah. I found this leasing company online through a website. They advertised as $3k down/$428 month.

And, I made a mistake in the terms. It was more like this:

$6k down (I know car_man hates this idea!)
$590/month
63 month (NOT 48 month)/15k annual miles

Sorry for the typo.

I wanted to do 48 month, but they go "after 6 months, you can return the car with no penalty", which is beyond unbelievable. Cheeses fries, man!!! Is it THIS hard to lease a car nowadays?!

mtang8888

I don't know much about long term leases. Correct me if I'm wrong, but it sounds like you can buy the car with this quote, yet it's a lease that you gotta return in 63months... If you're willing to shell out that much money, you might as well buy it. It's easier to qualify for the purchase than a lease.

sprinkler13

Well...remember one thing...the BEST residual might be 63% but that doesn't mean that the dealership will give you that. That being said...I would still push for the best financing since there isn't any reason they shouldn't give it to you unless your credit is less than stellar.

sprinkler13

Typically...ANY advertised lease is usually not that good. They wouldn't advertise a deal which they wouldn't make good money. They make the monthly payment look good...but it's offset by a high upfront cost. You should figure that the most upfront cost actually are is usually around 1500 or less...and that includes 1st month, acquisition fee (595), doc fees, and registration. Also 700 seems really high for license. I'm in So. Cal where I believe registration is pretty high and I only had to pay 315. Anyway...I'd just get them to give you a full breakdown and then you can see where the profit is buried.

sprinkler13

That lease is absolutely horrible. I am in so cal, and I got a 3 year /15 k lease on a FULLY LOADED sport model and put the minimum down up front which was around 1300 and the monthly payment including tax was less than that. So that deal is not worth it at all. I actually put down about 6k since I put down 9 security deposits up front and got my payment down to 518/month including tax...and I'll get over 5k back at the end of the lease for all of those addl. security deposits. DON'T TAKE THAT DEAL!!!

CarMan@Edmunds

Hi erinb510. This car's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Infiniti Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2007 Infiniti G35 Sedan with 15,000 miles per year are .00178 and 56%, respectively.

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CarMan@Edmunds

Thanks for the additional information, ssramadan. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti G35 Sedan with 15,000 miles per year are .00112 and 65%, respectively. 15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you want to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end off your lease and have to pay an excess mileage penalty.

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CarMan@Edmunds

Here's the information that you're looking for, traderb. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti G35X with 12,000 miles per year are .00114 and 67%, respectively. The numbers for an otherwise identical 36 month lease are .00158 and 57%.

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CarMan@Edmunds

Hi neverest. The selling price and lease program that you were quoted for this car looks great. If you like it, I personally don't see any reason not to pull the trigger on this deal. The 39 month term is probably the best one to go with. It will provide you with a lower monthly payment than a 36 month lease, but it is not as long as and has a better money factor than the 42 and 48 month terms. Using the numbers that you mentioned in your post, I estimate that this car's zero down, pre-tax monthly payment should be around $481.

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CarMan@Edmunds

Hi Mike. You never mentioned the selling price or MSRP of the G35 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be glad to give you my opinion of this deal if you let me know what these numbers are.

Car_man
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CarMan@Edmunds

Hi topgun7. Navigation has no impact upon the lease program for Infinitis.

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CarMan@Edmunds

Hey ssramadan. The dealer invoice price of the car that you described is $36,260. That puts the selling price that you were quoted at $360 over invoice, which is a very good deal. Just make sure that the dealer that you are working with uses Infiniti Financial Services' current 24 month buy rate lease money factor of .00141 to calculate your monthly payment and you're all set.

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CarMan@Edmunds

Hi bbenson5. First of all, $4,500 is way too much money to pay at signing for a lease. One of the best things about leasing is that one can drive off in the vehicle that they want without having to lay out a lot of cash. Consumers who make large down payments at lease signing risk losing them if their vehicle is totaled in an accident or stolen and never recovered. You can and should lease any car that you are interested in without making any cap cost reduction.

Check the fine print of the ad that you saw for this car's MSRP and selling price. I would be happy to give you my opinion of this deal if you tell me what they are.

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ssramadan

The issue im having is i told the dealer that the MF rate is .00141 for the sport, he shouwed me an infiniti paper saying it was .00161 or something like that. The monthly just seems high and the out of pocket seems high for a 36K vehicle.even when you factor in the $600 extra for milage (6000 miles X .10 upfront - to total 18K miles year)

G35s Prem, Nav, Tech
MSRP- 39715
Purchase price is 36,600.00
Residual value:$24411
Term: 24 months
NJ Sales tax: 7%
Milelage ($.10/mile over 15,000)- 18,000/year
Payment-658.56 month taxes included
Total out of pocket: $1789.06

sprinkler13

Remember ssramadan...the lowest possible rate is .00141, but that doesn't mean that the dealer has to use that. If they think they can get higher they will try. However, I tried calculating your lease and I think that they are actually giving you the .00141 rate since at .00161 it would calculate higher than what you listed...and I included the extra mileage into the cap cost of the car. You should find out exactly what the out of pocket covers...how much for registration, how much for doc fees, how much is a cap cost reduction (which I think they put in there). Honestly though, I don't really see much room to maneuver on this...and I don't think that they are messing with you too much. There might be a couple hundred to play with but that won't lower your monthly payment too much.

erinb510

G35 07 Journey
Navigation
Premium Package
Technology Package
Tire and wheel Package
36mo/ 15k miles a year
MSRP $38,615
Sale Price $35,723
Money factor .000178
Residual 56%
Drive off $1489
Monthly Payment $535 including CA tax

sprinkler13

That looks great erinb510...looks like you are getting the best financing rates for that vehicle and you are getting a sale price that is $500 over invoice. Drive offs look good too. I'm in CA too and I think that you are getting a better registration fee than I did. I had to pay $315, but I think yours is a bit less....but I am just guessing really. Anyway, my calculations come out to $534.44 including tax, so it looks to be the same as yours. Good job negotiating!

anji0807

Hello all-

Heres my offer. I put all the numbers in the calculator and I am coming up with a different payment than the dealer. I asked for a further break down from them. Anyone have any idea what could be up?

G35 Sedan with sunroof and tire package, splash guards and cargo net.

MSRP 34190
Adj. Sales Price 31396
Adm. Fee 499
Access 139 (wheel locks)
Battery fee 8.89
Tag fee 100.00
Net Sales Price 32142.89

They told me they were using 57% and .00178 for 36/12
payment 477.46 + tax

56%.00197 for 39/12 payment 458.35

These payments are with 1000 outof pocket includes 1st month payment.

Thanks for any advice.

Angie

sprinkler13

Their numbers aren't adding up. I can't figure out what they are doing at all. Find out exactly what they are including in the 1k out of pocket. Also, the admin fee is a BS charge. The best that I can tell...is that they are rolling all the fees into the lease and giving you a nice round 1k number for drive off. Your total closing costs should only be about 1500 for that car and that includes the $595 acquisition fee, 1st month, registration, and a SMALL doc fee....NOT $500 for admin. The admin (doc) fee shouldn't be more than 100 bucks at most. That being said, for me to get to the same monthly payment with only 1k out of pocket, I have to add about another 1150 to your net sales price. Not to mention that they aren't giving you the best residual for that car. They don't have to, but the best avail should be 58%. They can definitely do better on that car. For such a base model car, i'd be pushing for the best financing and no more than $500 over invoice. I'd also lose that admin fee.

mikejohnson

its a awd fully loaded 07

roro0202

i was told that the bank fee differs depending on who you finance thru $595 thru nmac and 795 thru the other bank is this correct? leasing a g35 coupe 12 k, 1995 down , msrp 38890 premium and sport package monthly payment 352 tax included. don't have money factor or residual right now.

sakeley

2007 G35X with Sunroof only
39 months
15k
35614
owe 1k more on trade in than it's worth
443/month plus 22.19 taxes (465.19 total) with 3548 total out of pocket.

sprinkler13

That very well could be true...but you need to make sure that they aren't trying to charge you twice for it. Also, your best financing right now will likely come from Infiniti, so the acquisition fee should be $595. Some dealers try to charge the acquisition fee...and then also put in a "bank" fee somewhere else when in reality it's the same thing with a different name. If people don't know about it, it is an easy profit for the dealer.

sprinkler13

You are missing too much information. What is the residual and money factor. Also, are you saying that they are asking you for $1k to pay for your trade in and adding it to the cap cost of the car? What does the 3548 cover...and get exact figures for each item that is included in that.

topgun7

Erinb510, are you in N.Cal or S. Cal? I am shopping an identical configuration in the bay area and so far no one has the exact configuration in stock and the best I can get without haggling is 1000 above invoice... Would you mind sharing the name of the dealership? If you can put down some security deposite it will reduce the money payment (in one quote that I recieved for 3yr 12k/mi, 9 security deposits bring the monthly payment down from 518+tax to 456+tax or roughy 67 or 68 a month including tax saving..)

sprinkler13

You make a very good point about the addl. security deposits...just be sure to take into account the interest you might be paying on that money when you figure out your actual monthly payment (if you need) If you have the money just sitting there and it's not earning interest or anything then it won't matter.

erinb510

You're in luck! I'm in the Bay Area too. Oakland Infiniti has been great. I've strickly been dealing with Selena Aiken via email. She is one of their internet sales managers. Good Luck!

topgun7

Heh heh, I am not as lucky, I got another internet manager from Oakland Infiniti and he wants 1000 over invoice. will haggle some more.. what color combo are you looking? I tried the Lakeshore slate with stone interior and the best they have is Prem, Nav, and Techonology (no preformance tire..).

alfster3

After getting much help from this forum, I put a deposit on a 07 G35x blue slate/graphite with prem, nav, tech and cargo net.

MSRP $40050
Cap cost $37069 ($485 over invoice)
$1421 due at signing includes 1st payment 595 for acq. fee, tire fee, registration fee. No bogus doc fees.
24 month/15K lease: $561/mo. (66% residual, .00114 MF)

I got $556 when I calculated it, but saw they calculate the tax differently. They add it to the cap cost before calculating the "depreciation" amount. The lease calculators on the web add it after. It adds $120 over the life of the lease, but really no way around it. Same was true on my last lease. Transaction was painless, just about 20 min at the dealer after work.

Car is coming from another dealer, so it will have a few miles on it. Again, no way around it unless I buy from their inventory. I want to have it be from my local dealer. In the rare case of a significant problem, I don't want to be dealing with a dealer an hour or more away. May try to get a few free oil changes to make up for the miles.

I did a lower quote from another dealer, but they wanted $795 for the acq. fee and $250 for "doc" fee.

Thanks for everyone's valuable information.

sprinkler13

Sounds like you got yourself a great deal...congrats? One thing...is that a typo on the MF or did you actually get .00114? I thought the 24 month rate was .00164? Did you put down addl. security deposits?

alfster3

Yes sprinker, it is correct .00114. I know the numbers you posted were different.
I was quoted this rate from three other dealers in the past two weeks as well. I have excellent credit, but they would not have known that. Did not put down any security deposit. They didn't ask for one. I am in NY and I believe there may be a limit on putting additional SD.
Only thing I don't like is having the car driven to me, it will have 100 miles or so. All highway, and in the scheme of things a minor detail. But still...

Also, thanks a lot for your help in this forum. It is a true service.

topgun7

I was quoted 0.00112 for 24 month.. Also the residual was 66% (insttead of 67%) for 24 months 12K and 57% for 36 months 12K (instead of 58%). The sweet spot seems to be in the 24 months now (at least for the Journey)