Heh, the lease on my TL is up at the end of the month, and I'm pretty set on leasing a G35.
I'm curious about 3rd party leases though. I've leased my last 5 cars and 3 weren't with the captive finance company... one was through Chase and two through Wells Fargo. At the time that I leased, these 3rd party leases were providing better terms.
The problem is that you don't know what their residual or MF are going to be, but now I'm thinking, with all the "Purchase Only" cash out there, isn't a 3rd party lessor technically buying the car, therefore taking advantage of that purchase cash resulting in a lower sales price? This could offset higher interest/lower residuals.
Oh, and speaking of incentives, do you have to currently own or lease an Infiniti to get the Lease (or Purchase) Loyalty cash?
Unfortunately to get the Cash to Dealer (to you) which is $2000 on the sedan at this time you must use IFS to finance your car, and you don't get the special financing rate either.
Last month there was $375 lease loyalty cash for previous Infiniti customers, and "conquest" cash for non-customers. I am not sure if there is a equivalent $500 conquest cash this month.
You can always go to leasecompare.com and get an estimate of lease rates. I checked a G35 Journey and the best rate was 51% residual and .00246 residual on a 36/15k lease. The IFS rate for the same lease is 56% / .00134.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
hmm i don't know.... i think i might try my luck and wait until august to see if the rates improve (my audi lease expires on august 20th). tough decision!
i think that's a gamble that should be taken. my lease is up mid september and i have been going back and forth between july and august. just like you, i'll be going with august.
here's to higher residuals and lower MFs in Aug....
We are trying to lease the G35 today! A quick money question for the group—
When considering this lease deal, we will take the sale price, add destination, doc and customer loyalty rebate. I hope to then be $300-$ 500 above invoice range.
** Question—do we also incl the $595. Acquisition fee with the above numbers to determine if this is a good deal or not?
Here is what I have been offered. g35x with premium package, 39 month lease, 15k a year, 2k at signing 465 a month. Was wondering what anybody thinks. I still have my jeep for another two months. Should I hold off and wait the two months, or try this month.
If will take some time to read this forum or any leasing forum you will find that no one can tell whether a lease is a good deal without knowing the price of the car that the dealer is selling you. If you only negotiate the price of a lease payment you open yourself to getting into a bad deal.
You need::
Publicly Available Items MSRP Invoice Price Current Manufacturer Residual Current Manufacturer Lease Factor
Items particular to your deal Selling price (in these car buying times you should be around invoice on most cars) Lease factor dealer is quoting you (dealers can mark this up) Dealer doc fees Local sales tax, and whether you pay up front or every month. Out of pocket money up front.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Great chart! Thanks! I have one question.. I noticed the rates for G37 6MT Sport was lowest in March. Any idea why? My current lease is up in March, but I'm dying to get rid of it. But if my monthly payments will be lower in March, I can wait a few more months... Thanks again!
Looking for either G35 sedan or G37 coupe (which ever is more affordable) Journey edition, w/o navi. I have $1000 down and 2$000 negative equity (2006 Accord) What is the best possible payment I should be able to get assuming I get the car at $500 over invoice (or better). I live in cali, so i figure taxes are like $25 a month plus payment. I want to be in the 400-450 range for either 24 months or 36 months with 12,000 per year.
You are not going to be close to your desired payment. I should know, that is because it is my goal as well. A sample calculation for you using my states numbers. I gave added the $500 loyalty cash that you might not be eligible for.
G35 MSRP 35,965 Invoice 32,996 Sell Price 33,496
Incentives (500) Cash Down 1,000
License Fees 618 Bank Fee 595 Doc Fee 395 Total Fees 1,608
Prior Lease 2,000
Cap Cost 35,604 Term 36 Residual 58% Money Factor 0.00134
My first potential lease. 2008 G35X + Navigation + Premium. Hail damage repair. Damage necessitates replacement of hood, trunk, PDR on roof. Cap cost $35,300. Monthly payment is about $472 for 24 months. MF= .00147. Acquisition is about $550. 16K miles per year. Put down a $500 deposit on my credit card after negotiating (60 minutes) $1470 off cap cost which was about invoice or $37K. I think the residual was about $25K but I'm not sure. $0 down, but will pay TTL up front. Haven't signed anything yet, but car is ready to pick up tomorrow. I don't think I offered a low enough price for cap cost--didn't negotiate the best deal.
I was advised by a competing dealership to watch out for 3rd party financing. They can shake you down at the end with disposition fees. Warranty on body work is by the dealership. Dealership group is big, but larger competitor has been buying up some of their other dealerships in the area over the years. My concern is if repair don't stand up to 2 years, and the repairs aren't under warranty, I'll take a hit.
I emailed my salesperson to send me the lease copy so I could read it before I'm in the store, but they haven't replied in 2 days. I left a voicemail late today.
Rarely are you going to see a third party lease a better deal then the manufacture's especially at 24 and 36 months. The money factor you have is the same as IFS's for a 24 month G35X and their residual is 68% for 15k miles.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
I wish residual was 68% - oh wait - it is for 24 months.
Is the $2000 Marketing Dollar available for Captive Leases as well as purchase?
Marketing Support $2000 Cash to Dealer start: 07/08/2008 end: 09/02/2008 Get Dealer Pricing Restrictions $2000 Dealer cash may not be combined with 1.90 % APR and vehicle must be financed through the manufacturer's captive finance company. Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
I wish it was. I was told by two dealers, and several people here that it is only available for purchases. I agree that the description is very ambiguous.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
I would skip that deal, for sure if leasing. You are getting a damaged car that has to be "right" at the end of the lease or you pay and you know going in that it is not "new" and has bodywork.
Might be OK if you were buying and got a rock bottom way under invoice price, but I would pass.
Invoice a new, no body work x with premium and Nav is $36,604.
I would cancel this whole mess and start over and do your lease the right way with another dealer. Never spend 60 minutes (or even 6) negotiating at a dealer's lot. You do all this before you step onto the lot via e-mail or phone. Hammer the price down low and then work out the lease numbers yourself.
Updates: Lease is through IFS. 68% residual or about $26500.
So my risk is turning in a car that isn't right, if the repairs somehow don't hold up? Dealer is giving lifetime warranty on repairs. If dealership is sold, I'd have to think liabilities like warranties have to carry to the new owner.
So it's not as bad as I thought it could be. I think I may email the other dealer an offer. They didn't want to talk on the phone. If they'll do $470 on a new. Then I can go back to hail deal and renegotiate.
Invoice is $37,500. Be aware if you are going to purchase and you are a prior Infiniti customer there is $1000 cash to customer, and if you don't take the .9/1.9 financing there is $2000 cash to dealer also available.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
I will be looking at the new G35X tomorrow in NJ. I was wondering if anyone knows the current Residual value on a g35X with 12k miles per year as well as the current money factor? If you know of any incentives that would be great as well. I am returning a 39 month lease on a 05 g35x.
After the email, the 2nd dealership offered to match deal with a new car. I told the one with hail I had to take the new. It wasn't quite the same with the monthly up $20 per month however after they ran their numbers again. The hail dealership countered with $1200 more off + free oil changes for the next 24 months. I took this deal. I didn't want to jerk these guys around, but the no hail dealer's manager wouldn't negotiate until I told him I was buying from the other guy. Here's what I got:
$34000 cap ~26800 residual (whatever was 68%) 0.00147 MF 24 months 16K miles/yr through IFS paid $590 aquisition, $50 doc paid up front with TTL.
Hi, I recently found this forum and its been very helpful. I've been shopping around for G37 but not getting a good deal..Here is the lease quote I've for G37 journey with prem, nav, performance tyres, (24months, 12k miles/ yr, 1k down):- Cap Cost - $38,540 (approx $400 over invoice) Residual 71% Monthly comes to around $588 !!
Let me know if this is a good deal? I'm in south California btw..Thanks guys!
hi jane, at first glance, it looks a bit high, specially in so cal. Specially if they are claiming $400 under invoice sale price. feel free to email me at g(at)ridewithg.com if you need help with the payment calculations. G
With the standard drive-off of 1st month + fees ($1500), you're looking at $457+tax With a $1000 drive-off, the payments should jump $28 to $483 + tax.
Here are a few possible reasons why there's a big gap in my estimates and yours.
-you maybe getting quoted a higher MF due to your credit OR perhaps they are padding the MF to make extra money off you. -the dealer may have high doc fees and is rolling it into your lease. In so cal most dealers charge $45, so if you getting charged more, you should point that out. -additional fees? some dealers charge extra fees. I was once quoted an "advertising" fee by Ford...granted this is Ford, not Infiniti, but still, why should anyone have to pay for advertising...ridiculous.
hi everybody im thinking about leasing a new g37s with option to buy this is my first major car deal im getting into and im a little bit nervous so i just need some help on this question..im getting the car with leased with a cosigner im only 20 yrs old but im going to school and have a job that pays well..im getting this car to commute from school to work and home only. am i to young to get into a lease deal at this age or if i can afford the car payments should i continue with the car lease what do you guys think..plz help guyz im looking at the g37s fully loaded.
I think you are pretty young to take on what could be a $500 or more month lease payment. I am 45, make good money and I refuse to pay more then a $500 car payment.
Don't forget insurance well. The insurance on G's is very high, toss in the fact that it is a coupe, and that you are only 20 and you could be paying $250 a month in insurance, more if you have had any tickets or accidents. Even if you have never had a ticket, the temptation to speed will be much greater when you step on the peddle of a G.
You say you have a good job now, but what happens if that job goes south, or you have to cut hours because school is too rough?
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Yup. I agree with kingpcgeek on this one. Another thing is that the G37 doesn't actually save a lot on gas and it like to drink premium. (I'm getting like 17mpg city right now) So depending on how much you drive, it may not be a great idea. You could be looking at locking up nearly $900 a month just to drive around in a fully loaded G37. More than likely you will need a cosigner for this, and even with perfect credit, you are guaranteed to pay at least $1500 inception and $500+ a month. If you lease from a state that requires taxes on the full amount of the car, add another $1000 or more to that bill. If you find yourself out of a job down the road, you will find it VERY taxing to keep up with the payments and it will cost you thousands more to get the car off your hands. -G
thanks again G!! I'm doing 1k down (1st month+doc fees $45+ license/registration etc. $340+ ..) Acq fee ($595) is being rolled into monthly as well..total depreciation with 71% residual comes out a little less than 9k...My credit score is over 700... (I dont know MF yet..I assumed dealer will put it right?)
Does that make calculations any better? Still no where close to $588...
Hi Jane, For a 24mo/12k lease, your quoted residual should be 72% for July. Also, the MF should be .00190 if you have excellent credit. I am not 100% sure what the cutoff is for "tier 0". kingpcgeek suggests that it may be 730. The best thing you can do is ask your dealer what the MF he's quoting you is. Some dealers are known to pad their numbers so you need to double check. Your quote is nearly $100 more per month than it should be. By the way, who's the dealer you're dealing with? I live in So Cal too, so I may be able to double check with my local dealer to see why your number seems so much higher. -G
I searched through this forum and found that the tier 0 is 740, and tier 1 is through 700. According to this forum the top leasing rate can be had with a 0 or a 1.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Comments
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I'm curious about 3rd party leases though. I've leased my last 5 cars and 3 weren't with the captive finance company... one was through Chase and two through Wells Fargo. At the time that I leased, these 3rd party leases were providing better terms.
The problem is that you don't know what their residual or MF are going to be, but now I'm thinking, with all the "Purchase Only" cash out there, isn't a 3rd party lessor technically buying the car, therefore taking advantage of that purchase cash resulting in a lower sales price? This could offset higher interest/lower residuals.
Oh, and speaking of incentives, do you have to currently own or lease an Infiniti to get the Lease (or Purchase) Loyalty cash?
Thanks.
Last month there was $375 lease loyalty cash for previous Infiniti customers, and "conquest" cash for non-customers. I am not sure if there is a equivalent $500 conquest cash this month.
You can always go to leasecompare.com and get an estimate of lease rates. I checked a G35 Journey and the best rate was 51% residual and .00246 residual on a 36/15k lease. The IFS rate for the same lease is 56% / .00134.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
here's to higher residuals and lower MFs in Aug....
When considering this lease deal, we will take the sale price, add destination, doc and customer loyalty rebate. I hope to then be $300-$ 500 above invoice range.
** Question—do we also incl the $595. Acquisition fee with the above numbers to determine if this is a good deal or not?
Thanks so much and wish us luck, Mitch
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
2008 G35X w/ Nav, Tech, Premium Packages
Lease: 25K miles/yr, 24 Mons, $2.5K Out of pocket - $588/mon (tx/tags incl)
Finance: 1.9%, 60 months, $5K down, $615/mon (tx/tags incl). 1 dealer told me I could finance up to 63 months @ 1.9%
I've searched several dealers and these are best offers found for a current non Infiniti owner. Swtiching from MB E500
Hope this helps
You need::
Publicly Available Items
MSRP
Invoice Price
Current Manufacturer Residual
Current Manufacturer Lease Factor
Items particular to your deal
Selling price (in these car buying times you should be around invoice on most cars)
Lease factor dealer is quoting you (dealers can mark this up)
Dealer doc fees
Local sales tax, and whether you pay up front or every month.
Out of pocket money up front.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Someone wants to know if a deal is good or bad but does not even know what they are paying for the car?
Dennis
Thanks again!
Thanks for you help
I think the key thing is just not to buy when it is really bad - high rates and no cash or dealer incentives, like last September.
Dennis
G35
MSRP 35,965
Invoice 32,996
Sell Price 33,496
Incentives (500)
Cash Down 1,000
License Fees 618
Bank Fee 595
Doc Fee 395
Total Fees 1,608
Prior Lease 2,000
Cap Cost 35,604
Term 36
Residual 58%
Money Factor 0.00134
Residual 20,860
Depreciation 410
Interest 76
Tax 38
Local Tax 7.95%
Payment 485
Total Payment (incl tax) 523
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I was advised by a competing dealership to watch out for 3rd party financing. They can shake you down at the end with disposition fees. Warranty on body work is by the dealership. Dealership group is big, but larger competitor has been buying up some of their other dealerships in the area over the years. My concern is if repair don't stand up to 2 years, and the repairs aren't under warranty, I'll take a hit.
I emailed my salesperson to send me the lease copy so I could read it before I'm in the store, but they haven't replied in 2 days. I left a voicemail late today.
Minneapolis.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Is the $2000 Marketing Dollar available for Captive Leases as well as purchase?
Marketing Support
$2000 Cash to Dealer start: 07/08/2008 end: 09/02/2008 Get Dealer Pricing
Restrictions $2000 Dealer cash may not be combined with 1.90 % APR and vehicle must be financed through the manufacturer's captive finance company.
Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Might be OK if you were buying and got a rock bottom way under invoice price, but I would pass.
Invoice a new, no body work x with premium and Nav is $36,604.
I would cancel this whole mess and start over and do your lease the right way with another dealer. Never spend 60 minutes (or even 6) negotiating at a dealer's lot. You do all this before you step onto the lot via e-mail or phone. Hammer the price down low and then work out the lease numbers yourself.
Dennis
Updates: Lease is through IFS. 68% residual or about $26500.
So my risk is turning in a car that isn't right, if the repairs somehow don't hold up? Dealer is giving lifetime warranty on repairs. If dealership is sold, I'd have to think liabilities like warranties have to carry to the new owner.
So it's not as bad as I thought it could be. I think I may email the other dealer an offer. They didn't want to talk on the phone. If they'll do $470 on a new. Then I can go back to hail deal and renegotiate.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I will be looking at the new G35X tomorrow in NJ. I was wondering if anyone knows the current Residual value on a g35X with 12k miles per year as well as the current money factor? If you know of any incentives that would be great as well. I am returning a 39 month lease on a 05 g35x.
Thanks in advance.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
$34000 cap
~26800 residual (whatever was 68%)
0.00147 MF
24 months 16K miles/yr through IFS
paid $590 aquisition, $50 doc paid up front with TTL.
$395 per month.
Superb ride.
List - $40,025
Invoice $36,600
will sell at invoice
MF of .00218
Residual at 57%
39 months
15k miles/year
$499/monthly payment
Dollars required down:
$2,940 taxes (8%)
$ 150 doc
$ 143 plates
$ 499 first month payment
$ 15 new car tax
$3,747
MF seems high to me also.
Cap Cost - $38,540 (approx $400 over invoice)
Residual 71%
Monthly comes to around $588 !!
Let me know if this is a good deal? I'm in south California btw..Thanks guys!
-Jane
MSRP = $35,745.00
Sell Price = $31,445.40
Acquisition Fee = $595.00
Documentation Fee = $499.00
Down Payment= $0.00
Net Capitalized Cost= $32,539.40
State Sales Tax %= 6.0%
Residual %= 54.97%
Residual Value= $19,648.75
Money Factor= 0.00153
Actual Interest Rate= 3.672%
Lease Term= 39
Depreciation = $330.53
Interest = $79.85
Monthly Payment w/o Tax= $410.38
Monthly Sales Tax = $24.62
Monthly Payment w/ Tax= $435.00
Due At Signing
1st Month Payment $435.00
Registration Fee $40.00
GWRAI Fee (unknown) $3.00
Total Due At Signing $478.00
Did I get a good deal?
at first glance, it looks a bit high, specially in so cal. Specially if they are claiming $400 under invoice sale price. feel free to email me at g(at)ridewithg.com if you need help with the payment calculations.
G
-Jane
Since I don't know your exact numbers, here is the 'scenerio' i think you are in:
MSRP $42,655.00
Sale: $38,540.00
MF: .0019
Residual: 72%
With the standard drive-off of 1st month + fees ($1500), you're looking at $457+tax
With a $1000 drive-off, the payments should jump $28 to $483 + tax.
Here are a few possible reasons why there's a big gap in my estimates and yours.
-you maybe getting quoted a higher MF due to your credit OR perhaps they are padding the MF to make extra money off you.
-the dealer may have high doc fees and is rolling it into your lease. In so cal most dealers charge $45, so if you getting charged more, you should point that out.
-additional fees? some dealers charge extra fees. I was once quoted an "advertising" fee by Ford...granted this is Ford, not Infiniti, but still, why should anyone have to pay for advertising...ridiculous.
This is my best guess. Hope it helps.
G
Don't forget insurance well. The insurance on G's is very high, toss in the fact that it is a coupe, and that you are only 20 and you could be paying $250 a month in insurance, more if you have had any tickets or accidents. Even if you have never had a ticket, the temptation to speed will be much greater when you step on the peddle of a G.
You say you have a good job now, but what happens if that job goes south, or you have to cut hours because school is too rough?
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
More than likely you will need a cosigner for this, and even with perfect credit, you are guaranteed to pay at least $1500 inception and $500+ a month. If you lease from a state that requires taxes on the full amount of the car, add another $1000 or more to that bill.
If you find yourself out of a job down the road, you will find it VERY taxing to keep up with the payments and it will cost you thousands more to get the car off your hands.
-G
I'm doing 1k down (1st month+doc fees $45+ license/registration etc. $340+ ..)
Acq fee ($595) is being rolled into monthly as well..total depreciation with 71% residual comes out a little less than 9k...My credit score is over 700...
(I dont know MF yet..I assumed dealer will put it right?)
Does that make calculations any better? Still no where close to $588...
-Jane
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
For a 24mo/12k lease, your quoted residual should be 72% for July.
Also, the MF should be .00190 if you have excellent credit. I am not 100% sure what the cutoff is for "tier 0". kingpcgeek suggests that it may be 730.
The best thing you can do is ask your dealer what the MF he's quoting you is. Some dealers are known to pad their numbers so you need to double check. Your quote is nearly $100 more per month than it should be.
By the way, who's the dealer you're dealing with? I live in So Cal too, so I may be able to double check with my local dealer to see why your number seems so much higher.
-G
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
Thanks.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
G35x Base
24/12k
MSRP: $36,730
SALE: $33,742
MF: .00147
RES: 69%
MP: $395
Due at Sign: $2500 - Taxes, Bank, DMV + 1000$ cap Cost (w/o 1000$ pmnt $440)
thanks so much - I'd love to hear your opinions before I sign the papers..