Infiniti G37 Lease Questions

qbrozen

36 months? 39 months?

jshuler1

It's 36 months. I've made the edit in the original email.

asheh

In NJ I am getting a G35X with Sunroof only for $398/month. Only $1500 down (inception)36month/12k a year.

p996

carman,

Figures when I need your help your MIA.

Look back a couple of pages. Please help me.

flizzo1

Hi Carman,

I was wondering if you could help me out.

Im currently looking for a G35 Automatic sedan w/Premium Package C and Nav which works out to MSRP $37,400 for a 24 month lease and around 12 000 miles per year. Sales Tax in Texas is 6.25%. I also wanted to trade in a 2001 Nissan Pathfinder with 89 000 miles in good condition.

Id apreciate any help you can give

Cheers

Flo

mora1

ok ..
2006 g35 coupe premium package
12k/year
39 month lease
.00217 mf
residual=20k
o down
100 over invoice
upside down 3k on trade in
monthly was 530/month

leto

Where in NJ, please?
Any packages? Is this the price with/without tax?

thanks

p996

Looks like the only one that helps us is Car-man.

If he's not' here we are all out of luck. wonder if he is gone for good.

asheh

Ray Catena in Edison...no just Sunroof.

daveug35

Hi Everyone,
I just started the process of searching for a new car, and have decided on the 6mt g35 coupe, with the premium and aero package. I am new to leasing as well, and would love some opinions on the terms that I was quoted on this past saturday.

The quoted price on the car was 38,900, but the saleman ran the numbers at 36,900, without doing any bargaining. He assumed a residual value of 58% (22,504) and a mo. pmt of 542.63 (including taxes @ 5% rate), with a min pmt of 1203.13, including first pmt and taxes. Need to verify if this includes bank and doc fee. On the sheet, it also quotes Rate (Cap+Res): 2.39. This also assumes 12,000 miles per year.

1. Do these terms seem right?
2. Where is there room to bargain when leasing, since I'm new to this. The rate, selling price, res value, etc...
Thanks for all the responses.

qbrozen

well, the first issue is that you have taxes figured into your payment, but then you say the down payment of 1203 has taxes in there somewhere? I don't think that's right. You shouldn't be paying double taxes, first of all. I would think the $1203 is first month's payment, an acquisition fee maybe, and a security deposit maybe. You need to confirm all of that.

2nd issue is the price. A 6-spd G35 coupe with premium and aero packs comes to an MSRP of $37,850, so I'm not sure where that extra $1050 is coming from.

3rd issue is that carsdirect tells me I should get at least $2400 off MSRP on this car in my area (may differ in your area, though). Him quoting you $2k off isn't horrible, but it is if he is inflating the MSRP to begin with.

daveug35

On the min payment, I meant the taxes that are included on the first payment. Sorry about the confusion.

Also, to get to 38,950, there is the Rear Active Steering Package and Satellite Radio.

justlookin4

Carman

I am still waiting to hear your thoughts on this deal. What would change if I wanted to do 15K miles instead of 12K?

G35, Premium package sedan, 24 month lease MSRP $36,200, Cap Cost $34,300, Doc and Bank Fee $585, Cap Reduc $2,650, Resid 70%, Monthly Payment $407.99 includes 9% taxes

Cash on delivery $3,422 - $2,650 cap reduc, Tax and Lic $363 and $407.99 first payment.

jbp123

I'm interested in the currently advertised lease deal on the G35 Sedan MT w/ Premium package. $359 per month 24 months 12K $.20 per mile $3329 down. Its' the car I want at a nice price but I'm a complete newbie regarding leasing. Is this a good deal? Much talk on this forum about MF and RV, how do I figure those on this deal? What are good numbers? Can I negotiate a better deal on my own? Can I get the dealer to lower this price on this deal? Btw, I'm in NorCal if that matters. TIA

p996

Do you know what options that price includes?

What is the sticker price on the car they quote $359 for?

dogsambam

Where is this? Do you know the residual and money factor? What do you mean by $3422-$2650? Are you putting $6000 in upfront fees? I got a quote of $450/mo 24 month lease on same car with $3250 up front, which is Illinois taxes and fees. I would end up rolling in taxes, but I am curious about your deal. Basically same car. Pleae let me know.

p996

I just bought a G35 Coupe. Here is my deal.

I wish carman could have helped but her was MIA. I got help from an perospn on G35 forums.

Sticker $37,990
MF .00219
Residual 72%
24 /12k a year

$100 over invoice = $34,812
$250 Dealer fee
$550 Bank fee
$66.60 gov fee
$150 registration
$117 taxes
$1,333 Cap reduction

$3,310 at sign

$399 Payment

jbp123

Here's the link from Infini's website. As far as residual and MF I was hoping someone could tell me. Here's the info on the deal from their website.

G35 Sedan 6MT w/ Premium Package model 90766
Lease 24/12K $.20 -extra mileage
Initial Payment $3329 (includes 1st payment)
Monthly payment $359
Quotes from the ad
"MSRP $35K includes destination charge. Net capitalized cost of $31,345 includes $550 non-refundable acquisition fee. At lease end purchase for $24,500.

Any help in decyphering this legalese would be appreciated.

http://www.infiniti.com/content/finance/CurrentOffersDetail/1,9760,31852,00.html-

justlookin4

Metairie, LA

Cash on delivery $3,422 - $2,650 cap reduc, Tax and Lic $363 and $407.99 first payment.

Out of pocket at signing is $3,422 which includes $2,650 down payment or I guess what is called cap reduction.

acgutierrez

Here is the deal, I'm in MA and I have been offered the following for a lease on a 2006 G35x AWD with Navigation, Satellite Radio and Premium package:
Length: 24 month lease
Mileage: 12,000 miles
Money factor factor: .00126
Residual: 70%
Base M.S.R.P: $39,800 (including satellite only)
Money upfront: $2,000 (including tax,license, registration, first month, other fees, etc)
Now before he gave me this breakdown, he told me my monthly payments would be $400 with tax per month (5% MA sales tax).

Does this sound right? It seems to me like a high Base price for that little monthly payment, how can he do it? Should I go for this?

qbrozen

well, you gave the MSRP, but what is the actual selling price?

acgutierrez

That's all I got from him, so assume that the MSRP IS the selling price, that's the part of the equation I'm trying to fill out. I have all the other charges, the expected monthly payment, I'm back tracking basically

leto

Hi,

could anybody please share what are the lease deals available in NY/NJ/CT/PA area.

Please let the world know what/where you have found.
I am looking for:
G35X with Premium Package B
MSRP = 36.600
Dest = 650

Thanks!!!

CarMan@Edmunds

Thanks James. Infiniti Financial Services charges a $550 acquisition fee on all leases, regardless of consumers' credit ratings. Vehicles' residual values are always based upon a percentage of their full MSRPs, including the destination charge and the MSRPs of any options that can be residualized. If you can't afford to pay any more than $34,500 for this car, just tell the dealer that is the absolute most that you will pay...including all of the fees that they normally try to add. If you were to lease a 2006 Infiniti G35 Coupe with an MSRP of MSRP $37,390 and a selling price of $34,500 through IFS right now for 24 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $451.

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CarMan@Edmunds

Hi justlookin4. All banks that lease vehicles to consumers charge an acquisition fee. Infiniti Financial Services charges an acquisition fee of $550 on all leases. Individual dealers do not have the authority to waive this charge. You can either pay it at lease signing or have it added into your car's capitalized cost.

Car_man
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CarMan@Edmunds

Greetings knr5. Let's work up a sample lease payment on the car that you are considering and see what we come up with. According to my calculations, if you were to lease a 2006 Infiniti G35 Sedan 2WD with an MSRP of $35,750 and a selling price of $34,704 ($1,000 over dealer invoice which you definitely should be able to get) through Infiniti Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $467.

I see that you are considering paying your vehicle's sales tax at lease signing. I personally feel that you are better off just rolling it into your lease. You can do so at an interest rate that is equivalent to around 3.8%, which is pretty good. By paying tax at lease signing, you risk losing it if your vehicle is involved in an accident or stolen.

As far as whether to purchase your current car at lease-end goes, if its selling price is around or less than what you would have to pay for a similar car on the open market there's nothing wrong with buying it. Whether you do so or not all depends upon whether you want a new vehicle or don't mind continuing to drive your old one.

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CarMan@Edmunds

Hi jshuler1. A base 2006 Infiniti G35 Coupe has a spread of over $2,600 between its full MSRP and dealer invoice prices. You are being quoted a discount of $1,740 on the specific car that you are considering. This is probably around $1,000 over invoice or so, which is a reasonable price. Using an MSRP of $35,640 and a selling price of $33,900, I estimate that this car should have a 36 month, 15,000 mile per year zero down, pre-tax monthly payment of around $487. The lease payment that you were quoted definitely looks fair to me.

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CarMan@Edmunds

Hello Flo. If you were to lease a 2006 Infiniti G35 2WD Sedan through Infiniti Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00133 and 70%, respectively. I would be happy to use these numbers to estimate what your lease payment will be on this car, but in order for me to do so I need you to provide me with an approximate selling price for it. You should be able to get an idea of how much you should pay for this car right now by visiting the following discussion: "Infiniti G35: Prices Paid & Buying Experience".

Car_man
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CarMan@Edmunds

Hey justlookin4. If you were to switch from 12,000 miles per year to 15,000 miles per, your vehicle's residual value would drop by 1% and its monthly payment would increase slightly.

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CarMan@Edmunds

Welcome jbp123. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

As far as the specific lease that you are interested in goes, it is a good deal but like most manufacturers' advertised leases I suspect that it can be beaten. Most lease payments that automakers advertise leave a little meat on the bone so to speak. This makes sense if you think about it. Dealers would be pretty irritated if dealers advertised the skinniest possible deal on a vehicle. Negotiate the lowest selling price that you can on the car that you are interested in and then have the dealer that you are working with calculate your lease payment using Infiniti Financial Services' buy rate lease money factor.

Anyhow, check out the aforementioned articles and let me know if you have any other specific questions.

Car_man
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CarMan@Edmunds

Jbp123, Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2006 G35 2WD Sedan with 12,000 miles per year are .00133 and 70%, respectively.

Car_man
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CarMan@Edmunds

Hi acgutierrez. If this car's MSRP is its selling price then you are not getting a very good deal. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Given the current market for the Infiniti G35, you should be able to easily get one for $1,000 over invoice, if not less, if you are in an area where there is a decent level of competition. Make sure to find out exactly how much you are being charged for the car that you are interested in before agreeing to lease it.

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acgutierrez

Thanks Car_man for replying! I don't quite know what the "final" price is, I'm basically working backwards since I got the quote for the MONTHLY payment $400/month WITH tax (5% in MA). I basically want to know if getting G35x AWD with premium, navigation and satellite is a good deal for $400 a month. And based on that and the rest of the other numbers I gave, does it seem like a good deal?

Thanks for the input!!!

seltz

How did I do?

G35 6MT
Premium Package
Navigation

Upfront costs: $1,000 INCLUDING first month's payment, taxes, and title. NO CAP REDUCTION

42 month lease.
12,000/year
$480 per month including tax
FREE 1 year's service
$10 oil changes after 1 year

zlskrs

CarMan, can you provide the money factor and residual for a 36 month lease on a G35X? I'm not sure if these are regional but I am in NJ. Thanks for your help.

lcard

CarMan,

Lease questions:

I am wanting to lease an 06 G35 Coupe with Prem. Package, sport package, rear active package, Sirrus Radio. I have been given a CAP Cost of 36,430. Is that a good price?

Also, can you provide current Infiniti Financial Money Factor and Residual for 36 month lease on an 06 G35 Coupe with these specs?

Details:

15K
MSRP = 39,500
Cap Cost = 36,430
FICO Score = 740

Thanks for your help

knr5

Thank you for getting back to me!:) Here is how the current offer stands for the 2006 G35 6MT for 39m @12k/year:

MSRP: 35,750
Cap Cost: 33750 (+ $125 to get car, paid separately)
Residual: 58 % [Dealer claims it is 59% for 36m)
Lease Money Factor: 0.00163 [Claims it is 0.00159 for 36m)
Initial Deposit: $1993.49 [82 for 3 month registration + 655 acquisition & other fees + 830.56 tax + 425.93 first payment]

PLease let me know what the April money factor is and whether the residual for a 39 month lease is 58%. Since I plan to actually sign the contract in May, I would appreciate knowing these for May as well, as soon as you are able to provide them.

Thank you for all your help!

dogsambam

Can someone tell me the lease money factor and the residual % with 12000 miles on a G35x. It seems like the dealers love to play with these numbers. Can I use these number I get from the host to the dealers?

frank310

Gents,

Hope you can help. My wife is looking for a 36 month lease with 10K miles per year on a G35X. Options are Premium Package, Nav., Sirius Sat Radio, and splash guards. MSRP is $39,670 invoice is $36,273. What would be a fair price to offer. What is the rate factor and residual.

Thanks,
Frank

ndirish2

Hi all,

This is a fantastic resource, thanks to all who post.

What residual value and money factor can one get on a Infiniti G35 coupe, 36 month lease, right now? I was quoted a residual of 58%, and a money factor of .00219. I think both are rather poor offers, am I wrong?

Also, how much is reasonable if one wants a spoiler attached. Just a spoiler, not the entire aero/sports package?

Finally, taking the premium package off of a quoted price for the vehicle, which has an MSRP of $3000, should reduce the price by $3000 in my eyes. I took off the premium package and am being told that it only reduces the price by $1500.

These have just been email communications, as I am waiting to go negotiate in person, hopefully armed with some good info from here!

Thanks all,

Jim

ecoastharley

Hi,

First post... what I have been reading is great!

Car_Man, do you know the MF and residual rate for May on a G35 coupe with 6MT? I am just getting under way in a search for a new vehicle and looking for an attractive lease on an attractive car... most research has led me to the G35. Interested in the S60R, but the residual is awful!

Any other recommendations would be cool too.
~Bob

knr5

Car_Man,

I am looking at a lease for a 2006 6MT with Premium A and Aero packages (+ mudguards & trunk mat). The MSRP is 35,750 and the cap cost is 33,750. I am looking at a 39 month lease with 12k miles per year. I am being quoted a residual of 58% and a money factor of 0.00163 - but this was in April. Can you please let me know what the current residual and mf are for May leases -- assume excellent credit.

I would GREATLY appreciate an early response!:) Thanks.

knr5

I needed to add that I am looking at a 2006 G35 6MT Sedan. Thanks.

ecoastharley

Car_man,

Ok... what I am hearing for the Coupe in May is a MF of .00230 and a RV of 57% (36mo). Do these sound right?

(RV dropped a couple points from April and the MF is much higher than the .001? of the sedan, I heard Infiniti is trying to push people toward the sedan)

I have been quoted the following:
MSRP $38,100
Cap $35,600
MF .00230
RV 57%
and the monthly payment is around $550.

Good/bad/otherwise?

~B

exmbguy

Will appreciate if you can provide the MF and Residual values for 2006 G35x and G35.
G35X:
24 month 10/12k Miles
36 month 10/12k Miles

G35:
24 month 10/12k Miles
36 month 10/12k Miles

Thanks in advance

sonal32384

Hello Carman. Just wanted to thank you first for taking time to help people like myself out. Im looking at a g35 auto coupe w/ prem,sports, and aero packages. This is for a 39 month lease with 12k per year. Tell me what you think?

MSRP: 39,040
Cap cost: 36,120
invoice: 35,622
RF:57%
lease rate: 535.00 (tax included)
only tax and title (180 total) along with first months payment due at signing. Should i go with this?

p996

Where did you find the May MF rates?

robertw477

I was offered the folloiwing in S. Fla. This dealer usually gives me high price quotes but I think this guy gave me his best numbers. Trying to decide between Infiniti and Lexus ES 330.

G35 Sedan Base Car 24 months at 428.00 + TAX
39 Months at 405.00 plus tax.

With NAV/Premium 24 Months at 480.00/39 months at 460.00

Likee the NAV but not sure if I would pay that premium for it. Usually I would go for the 24 month lease and hopefully dont have to buy tires. I might need a tire or two if I go to 39 months.

Appreciate any comments.

Robert

blessedcrys

Hi Carman . My question/dilemma is. I have a 2003 Toyota Camry LE. I brought it in 2004 for $22,499.71 with 3,000 miles (I know this is alot to be financed)but, I needed a car. Now the dilemma is yesterday May 11, 2006 I went to Kings Infinity to price the G35 coupe. First off they did not paperwork or figures in front of mr they did it in an office and then came back to me. Now on my car the pay-off balance is $17,233.00 they said me trade in value is worth $10,000 because I have frame damage with leaves us with a $7,233.00 balance. He asked me what's the most that I can come up with as a down payment I told him the most is $5,000.00 which leaves us with $2,233.00 (which I was assuming he can roll into my payments and he said he can't because the bank won't allow him). He went to the back and came back to me and told me he would give me the car with a premium package, navigation system, white with beige interior for like $37,000 I talked him down to $35,000. This is the part that I could not understand he told me that I had to come out od POCKET $9,500.00 and I would get 10,000 miles for 38 months and my monthly payment would be $535.00 and shockingly I was contemplating it until a friend told me to run if I know whats good for me. The salesman also told me to leave a deposit so he could start my paper work but I did not leave it. I filled out the papers and I told them I'm going to get the deposit and come right back I never went back. He also said something about an upside down loan. I guess I'm real girly because I had no clue as to what he was talking about. Carman please help and what is an upside down loan? What are some questions I need to ask when going to the dealer so they won't think that I'm a young girl who knows nothing.

qbrozen

well, i'm missing a bit of info here ... but i'll assume a few things and see if i can help.

I figure if the Camry has between 20-30k miles, $10k isn't unreasonable for the damage it has sustained. KBB trade-in value in fair condition is just over $10k, and damage like that would normally mean even less than "fair." So I think they are treating you ok with that detail.

If this is an '06 G35 coupe, $35k is below invoice, so again, they are treating you ok with that detail.

So far we're good.

Now ... Infiniti is running a lease special on the coupe. $419/24 mos for 12k miles/year and $3344 due at signing.

But that's without premium and Nav. So that's bumping you up the scale a bit.

However, they are giving you a great deal at $35k.

NOW, if I back-calculate Infiniti's lease deal, I am finding that their residual is 70% and the money factor is about .00189. Since your G35 has navigation, I'm going to assume this drops the residual to about 68%.

So here is my calculation (keep in mind, i am nowhere near an expert and i'm just doing the best i can with the information i have):

vehicle sales price - $35k
sales tax - 6% (i used my state tax)
title, reg, and fees - $525
trade-in - $10k
owed on trade - $17,233
residual value after 24 months - $26,282
money factor - .00189
acquisition fee - $550
security deposit - $500

down payment - $9500

payment = $463.86/24 mos/12k miles a year

Now, if you only have $5k to put down, that would skyrocket your payment to $671.62. Basically, every $500 more you can put down would drop your payment roughly $23.

I have to ask, though, if you are SO upside-down in your Camry, why not keep driving it?