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2700 DUE AT SIGNING (FEES,CAP, TAXES AND FIRST MONTH PAYMENT)
MSRP -37,465
INVOICE - 34,528
SELLING PRICE - 33,898
NY SALES TAX - 8.375
RESIDUAL - (BOOK) 67% (NET) 68%
MONEY FACTOR - .00169
MONTHLY PAYMENT - $450.00
This is for the G35 SEDAN AWD WITH PREM. PACKAGE.
I finally got the car yesterday and I asked for sirus and got XM... Not to happy about that but they said they will switch it out when the time is good for me. They said they will actually come to my house and pick it up, replace the sat. radio then drop it back off which is fine. Still an inconvienence though. I asked for the wheel locks as compensation and they said that would be fine. Also when I got home I noticed there wasn't an instruction manual in the car... Gonna have to ask for one when they swap out the stereo.
As for the car itself I LOVE IT!! I'm kind of regreting not getting into a 39 month lease becasue it would have been a lil cheaper monthly but the res. was higher so if I choose to buy it I would have paid more at the end of the lease. I'll probably just extend it the 6 months and debate if it's worth buying out or not. The buy out is somewhere in the $24's (i dont have the paperwork in front of me) and i calculated that and my payments for 2 years plus the tax and it all comes out to $41,000 which is way more than the selling price of the car.
Overall I am very happy with the way the car handles and drives. And the power is amazing. I'm coming from a 03 g35 coupe and I feel a tremendous difference. The way the car "grips" the road on turns is really impressive. The only thing I miss is the loud engine but those days are behind me now.
And I love the system and the bluetooth!!! Def. worth the $15 a month difference. You were def. right Dennis! :shades:
Cap Cost Reduction: $2,025.59
Documentation Fee: $45.00
Sales Tax @ 8.250% $167.11
1st Month Payment: $455.55
License Fees: $298.00
Government Fees: $8.75
TOTAL DRIVE OFF: $3,000.00
CASH DUE ON DELIVERY: $3,000.00
Value of Vehicle + AMO's: $35,807.00
Gross Cap Cost: $36,402.00
Cap Cost Reduction: $2,025.59
Adj. Cap Cost: $34,376.41
Residual: $27,824.90
Depreciation: $6,551.51
Rent: $2,285.85
TOTAL OF BASE PAYMENTS: $8,837.36
# of Pmts: 21
Base Pmt: $420.83
Monthly Tax @ 8.250% $34.72
TOTAL PAYMENT: $455.55
Vehicle Price: $35,807.00
Acquisition Fee: $595.00
GROSS CAPITALIZED COST: $36,402.00
AFTER MARKET OPTIONS
TOTAL TAXABLE: $0.00
TOTAL NON TAXABLE: $0.00
GOVERNMENT FEES
Can't really say whether or not you have a good deal. Looks as though you may have paid close to MSRP which may or may not be bad depending upon supply/demand considerations in So. Cal. Edmunds lists the TMV = MSRP for both the Journey and Sport models.
The info you provided is great which you likely got from the lease contract. However, there is still some info missing...
G37 what??? Journey??? Sport??? The Journey's MSRP is about 35,700 and the Sport's is around 36,300. The Base model is even less.
MSRP?
Money Factor? I computed 0.00175. If so, is this the buy rate (i.e., without reserves)? Reserves is what the fund provider pays the dealer as an incentive to write the lease at a higher rate. For instance, a reserve level of 1% means that the fund provider pays the dealer 1% of the adjusted cap excluding the acquisition fee. In your case, that would be 1% x 35,807 = 358.07 IF the reserve level was indeed 1%. The buy rate or base rate is that rate with a 0% reserve level and is, therefore, the lowest and best rate that you can get from a particular fund provider.
What does AMO mean???
And, why would you put money down on a depreciating asset? If you total this car (God forbid), it's not very likely that you'll recover all of your $2,025.59 cap reduction. A money factor of 0.00175 equates to an interest rate of about 4.2%. Seems to me that you would have been much better off banking that money and using it to subsidize your lease payment if necessary.
John
2007 G35X w/ Sirius, Splash Guards, & Premium Package (and of course destination charge).
MSRP $37,255
Invoice $34,157
Sale Price = $34,657
39 mo lease (or woud do 48 mos if it was a better deal), 15K Miles per year, no cap reduction
MF = 0.00193 (0.00252 on 48 mos)
Redidual = 55% (46% on 48 mos)
$0 Disposition Fee
$0 Security Deposit
$595 Acquisition Fee (paid up front)
$93.50 in tags (paid up front)
My monthly payment in pa (%9 sales on leases) comes to $511.96 (39 mos) or $540.11 (48 mos)
Disappointing. Am I missing something? I really thought I could lease this vehicle for under $500.
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Prices Paid: Buying & Leasing Experiences Forum
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Prices Paid: Buying & Leasing Experiences Forum
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Prices Paid: Buying & Leasing Experiences Forum
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Prices Paid: Buying & Leasing Experiences Forum
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Prices Paid: Buying & Leasing Experiences Forum
I can give you an idea of what this car's current lease program is like. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2007 Infiniti G35X with 12,000 miles per year are .00193 56%, respectively.
Did you say that this lease requires an $8,300 down payment :surprise: . You definitely do not want to make that large a down payment on your lease. I always advise consumers against putting any money down when leasing. Those who do put money down risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment will be a little higher, you would be much better off going with a zero down lease. All you have to pay at lease signing are your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, Infiniti Financial Services' $595 acquisition fee, and any required state taxes or fees.
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I see that you are considering making a $2,000 capitalized cost reduction on your lease. I always advise consumers not to make cap cost reductions on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with no cap cost reduction.
It appears as though you are paying at least full MSRP, if not more for this car. Is that true? I suppose that most dealers aren't going to be willing to provide discounts on such a new model. I certainly would not pay over MSRP for one though. You may want to stop by the following discussion to see if anyone else has reported purchasing this car lately and if so how much they paid for it: "Infiniti G35: Prices Paid & Buying Experience".
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He said each month the car depreciates and they have to increase the residual? Either way I am happy with my deal. And he also notified me about the gap insurance. Good thing that's included.
I am looking at a 2007 G35 Journey with Premium and Nav negociated at $1,000 above invoice (Invoice = $34,150 according to Edmunds.com). First of all, do you think it is a good deal?
Second, could you give me the current IFS lease rates for a 24 months/15K and 36 months/15K.
How much do I save if I get the same lease with 12K instead of 15K.
Thanks for your help. The info on the forums is really helpful!
Excluding cap cost reduction, what is the amount due at lease inception comprised of and what are the amounts of the IFS fees charged at inception (other than license/title fees which I know vary by state)?
Thanks.
Acquisition Fee (or Bank Fee) which is still $595 I believe.
1st month - depends on your deal
Tax - some states require you to pay ALL of the tax upfront.
Title - Varies by state
Doc Fee - Varies by dealer...in CA we only pay $45, but I've seen dealers in other states mark this up to $300 or more. However, it is often just dealer mark up, so if it's more than $100 I be trying to negotiate it down.
Thanks!
G35X w/ Premium: 24 Month, 66%, MF .00146
36 Month, 56%, MF .00222
MSRP: $37165
Selling Price: $35112
Fee's & Charges: $816
Tax (IL) 6.5%
Monthly Payment: $615/$650
Can anyone tell me if they have done better in the Chicagoland area and if these figures are good?
You didn't mention anything about cap reductions. Were you planning to put nothing down and roll everything into the payments?
Assuming .00146 and 24months w/ 66% res, it looks like they are financing about $37100. So I'm assuming the roughly $2000 difference is something you didn't mention?
Paul
I'm not planning on any down payment. I called another dealer and they were upfront with all the numbers: 36 month lease:
Msrp: $37165
Sale Price: $34959 (800 over inv)
Resid: 55%
MF: .00215
Acq Fee: $595
Tax (Il): $2452
Due at lease signing: $792
Payment: $576.30
I can't get this to calculate. I believe the payment included tax but not sure until tomorrow.
Might see you there.
G35x, 36/39 month lease, 15k miles
G35 Journey, 36/39 month lease, 15k miles
(Does IFS even offer a 36 month lease?) I thought I found the numbers from previous posts but now I am not sure.
Thanks.
Help me out with some #'s for Sept. I looked over the last few post, and didn't see "Sport" Sept IFS breakdown. I need the #'s on a sport, 15K, 36,39 & 48 month comparo. Also, do you have any clue wether it will be better or worse for the '08? I will be getting this in Nov, but am using the most current figures to negotiate with online brokers and local dealers (3hrs away)
Also, I posted a request for other drivers of jrny and "X" pakages that might want to trade for my sport seat (no replies yet) - i found the sport seat too narrow for my 6'1" 220 frame. Do you know any other way to get a jrny or X seat (in graphite)? Thanks in advance, your replies are always helpful.
2007 G35X, 36 Months
Msrp: $37165
Sale Price: $34959 (800 over inv)
Resid: 55%
MF: .00215
Tax (Il): $2452
Due at lease signing: $792 (Acq Fee + Lic & Doc)
Payment: $576.30
I'm going to keep trying to get a better deal over invoice. How does this deal look?
07 G35X, 39 Months
Msrp: $37165
Sale Price: $34959 (800 over inv)
Acq Fee: $595
Resid: 55%
MF: .00215
Tax (Il): $2452
Due at lease signing: $792 (1st Payment + Lic & Doc)
Payment: $576.30 (includes tax & acq fee)
Can someone tell me if there are better deals out there relating to Sales price, MF and Residul. Thanks.
2008 Infiniti G37 Coupe
24 Month – Residual 72% of MSRP – .00285 Base Rate
36 Month – Residual 61% of MSRP – .00285 Base Rate
48 Month – Residual 51% of MSRP – .00285 Base Rate
60 Month – Residual 43% of MSRP – .00295 Base Rate
2008 Infiniti G37 Sport Coupe
24 Month – Residual 74% of MSRP – .00285 Base Rate
36 Month – Residual 62% of MSRP – .00285 Base Rate
48 Month – Residual 52% of MSRP – .00285 Base Rate
60 Month – Residual 44% of MSRP – .00295 Base Rate
2008 Infiniti G37 Journey Coupe
24 Month – Residual 72% of MSRP – .00285 Base Rate
36 Month – Residual 61% of MSRP – .00285 Base Rate
48 Month – Residual 51% of MSRP – .00285 Base Rate
60 Month – Residual 43% of MSRP – .00295 Base Rate
2007 Infiniti G35 Coupe
24 Month – Residual 65% of MSRP – .00122 Base Rate
36 Month – Residual 56% of MSRP – .00163 Base Rate
48 Month – Residual 48% of MSRP – .00229 Base Rate
60 Month – Residual 37% of MSRP – .00255 Base Rate
2007 Infiniti G35 Sedan
24 Month – Residual 65% of MSRP – .00127 Base Rate
36 Month – Residual 56% of MSRP – .00194 Base Rate
48 Month – Residual 45% of MSRP – .00242 Base Rate
60 Month – Residual 36% of MSRP – .00255 Base Rate
2007 Infiniti G35 Sport Sedan
24 Month – Residual 64% of MSRP – .00180 Base Rate
36 Month – Residual 55% of MSRP – .00191 Base Rate
48 Month – Residual 43% of MSRP – .00241 Base Rate
60 Month – Residual 35% of MSRP – .00259 Base Rate
2007 Infiniti G35 X Sedan
24 Month – Residual 66% of MSRP – .00146 Base Rate
36 Month – Residual 56% of MSRP – .00191 Base Rate
48 Month – Residual 46% of MSRP – .00252 Base Rate
60 Month – Residual 36% of MSRP – .00255 Base Rate
Residuals posted are for 15K miles/year. Add 1% to Residual for 12k mi/yr and 2% for 10k mi/yr on all terms
I have a quick question for you, would the rates and factors for the G35 Sedan cover the Journey version as well? And secondly would the residual rates and money factors change for the 36 month program if the term length went from 36 months to 39 months? And the same thing for 24 month term changing to 27 month term?
I think once I have this info I am going to be ready to pull the trigger.
Anybody know if acquisition fee is capitalized?
Either way, seems like I should be able to do better than $900 over invoice.
Anyway, I am looking at a 39 month lease, 15k miles, no cap cost reduction. Got a quote for $566/mo w/ $792 due at signing. I asked for the relevant numbers and they told me the following:
residual-$21,595 (works out to 55%);
MF--.00193
cap cost: $36,076 (appears to be $900 over invoice).
I used their numbers and calculated monthly payment of $550. I offered that and they refused, claiming I am calculating incorrectly. I don't think so, unless the acquisition fee ($595) is captialized (which they deny).
Either way, seems I could do better than $900 over invoice.