Infiniti G37 Lease Questions

blessedcrys

I want to get out of it. I want a new car and I want it leased I personally think it's a rip off as far as the 9,500 goes but I'll see what car man says thank you again. Oh it has 22,000 miles. I am going to go to a dealer in another city like Long Island of New Jersey and see what happens

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 and I have 22,000 miles 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.

maximafan

Blessedcrys, is there anyway you could try
and hang on another year with your Camry and
add some extra payment into your monthly
payments (say 50 to $100 a month)? Maybe
by that time you could considerably reduce
the balance you owe on the Camry.
Personally, I think Carman would probably
tell you to hold off also. I just think
$9500 is way too much to be putting down on
a leased car, understanding you're having to
pay the difference owed on your Camry and
the payoff on it is more than it's worth.
I can understand being eager to get a new
car after two or three years of driving it.
I tend to be the same way. But I leased my
2002 Maxima for 5 years (It was my first
lease, so I didn't know what the heck I was
doing!) And I've been chomping at the bit
for the last year-and-a-half, but I know I
have to wait, because ending my lease early
is going to really negatively affect the
purchase or lease of the next car. Thanks
to reading these forums, I'm really learning
a lot about leasing. My Max has been a
great car, no problems for the last four
years. So I'm going to stick it out, so when
I turn it in, I've completed the terms of
the lease and can start fresh all over again.

So hang in there and really think about it
before doing a major purchase like this.
Good luck.

blessedcrys

I'm afraid if I hold on another year my car is going to loose way more value.

samgho

Hi Carman,

I just received the following deal on a 2006 Infiniti G35X (all wheel drive) with Premium Package. It's a 39 month lease allowing 12,000 miles per year, fees due upon delivery is 1,502.23, and monthly payment including 6% state sales tax is 437.99. Is it a good deal? If not, what should I be asking for? Thanks a lot for your help.

lcard

Does anyone know if Infiniti/Nissan is supporting lease deals on the 06 coupe? Also I am not sure what are the current MF and Residuals? Carman has been absent from this board for the last 3 weeks so I'd really appreciate some feed back. Thanks

zman12

is this a good lease deal for Infinity G35 sedan four wheel drive;

39 month lease; 15,000miles; premium package;
1520 total out of pocket; 453/month.

qbrozen

Seems kinda high considering Infinity is currently offering the G35x premium for an advertised deal of $389/mo for only 24 months with $3189 down.

Of course, your payment would be higher with less down and 15k miles per year ... but $64 higher AND an additional 15 months seems pretty extreme. Problem is, I don't know all your details. how much of that payment is tax?

personally, I'd work something out with that 24 month deal. Even if you have to bump up a bit over your current $453 offer, you are knocking 15 months off your commitment.

zman12

where is this advertisement? How can I see it?

The numbers include tax (in new jersey 6%), but I do not know the exact break down. What is your philosophy on putting more down up front to lower monthly payments; or putting down minimun and paying slighlty higher payments?

thank you.

qbrozen

All depends on the deal. When it comes to subsidized lease deals, the money factor is usually so low that it is more beneficial to put as little down as possible. I mean, when you can borrow money at a lower rate than a simple Certificate of Deposit at a bank earns you, its a no brainer that you borrow all you can.

The lease deal you can view either on the Infinity site or right here on Edmunds in the New Cars section (link to incentives is there).

articbluez

I got a G35 deal today.
G35x,Automatic,Premium package,Navigation
24Months lease.
15k Mileage
450.00 /month.
2000 down payment.

Is this a decent deal?

Please help. Appreciate any comments.

qbrozen

Is that with tax?

If so, it sounds like a fine deal to me. As I posted just a few posts ago, the deal being offered by infiniti is for $389 (pre-tax and dmv) with over $3k down, and only 12k/yr. You've upped the mileage to 15k, lowered the down payment, and added NAV (which is typically a killer on a lease deal, as it lowers the residual AND adds to the cap cost). SO, to do all that and only raise the payment $30 or so, pretax, is darn good, I think.

articbluez

Thank you so much qbrozen! Yes the deal is with the taxes.

I guess I can now go ahead and close the deal.

qbrozen

No problem. Congrats and enjoy!

ndirish2

Hey all,

Been negotiating for a while now. Was close at one dealership, but after we had struck a deal in principle, some changes were made, and they got real sketchy. Another story, another time...

Here is what I am looking at:

2006 G35 Automatic Coupe
Lakeshore Slate/Stone grey
Premium Package, Trunk Mat, Splash Guards

MSRP: $37,140
Sale Price: $34,001
Money Factor: .00202
Residual: 58%
12K miles, 36 months
Bank fee included in payment.

Total w/ taxes: $507 per month

$807 due at signing.

Think it is the best I can do, as getting the price that close to invoice and the MF that low took lots of playing dealers off of each other.

Any thoughts? Figure at least posting my rates might help someone else.

rmlinn

MF/residual are exactly what Infiniti's program as per Roadfly. Looks like you got a real nice deal.

frank310

Hi All,

How does this deal sound:
G35X with Navigation, Premium Package, Sirius Sat Radio, Splash Guards.
39 Months, 10k miles per year, $1,500 out of pocket, $445.00 per month including tax.

Thanks for the input.
Frank

zman12

I was told that if you put money down but specify that the money go towards the security deposit, it can lower your payments and of course, you get the money back.

With 3000 towards a security deposit, it will shave about 45 dollars a month off my lease (39 months), and I get the money back at the end of the lease. I don't think I can do much better than that in the market. Is this a smart move? Or am I not seeing something?

bluman

G35X
PREM PKGE
NAV
MSRP $ 39.400
Sale price $35.500
res 68 %
$ 355 MO
$ 3300 TOTAL OUT OF POCKET
24 MO 12K PER YEAR
Did I get a good deal ?????

robertw477

I see mention of the MSD (Multiple security deposit) mentioned on some of the boards but I have not seen specifics myself. I saw some mention of the MSD on the Lexus boards as well. Can anyone eloborate on this?

Rob

emale

guys,

thinking about leasing an '06 coupe. here are part of the details...i don't have all the info yet.

msrp approx $37,500
24 month/24k miles
$1995 due at signing
$479/month not including tax/title/license fees

how does that sound??

qbrozen

To the best of my knowledge, there is no such thing as a $3k security deposit. And there is no way you are shaving $45/mo off your payment with money that will be returned to you. PART of that $3k can be considered a security deposit, and yes, that might lower your payment slightly since a security deposit can often lower your interest rate. HOWEVER, the remainder of that $3k is being used as a cap cost reduction, thereby lowering your payment because you are paying some of the balance up front, and you will never see that money again.

qbrozen

Seems to be in line with the current advertised deal. You are putting $1350 less down and getting your payment bumped about $60.

oh, but the current deal is for one with about $34k MSRP. So it sounds even better for you since you are getting some options in your deal.

robertw477

He is referring to a MSD (Multiple Security Deposit) It is possible...They lower the montly payment on an MSD and you save as much as 14-15% on the cost of the lease. Money is refunded at end of lease. I usually am stongly against up front fees but to save that much it could be worth it.

Robert

qbrozen

why are they lowering the payment for giving them refundable money? I don't understand. where is the money coming from? Are they lowering the interest? On special lease deals, the interest is usually so low to begin with that there wouldn't be so much room left that you could drop 14-15%.

robertw477

The MSD supposedly lowers the money factor on the lease. Not really promoted by the car dealers. If you search the car forums here you will see some people gives examples of lowered payments with the deposit.

Rob

ecoastharley

Hi...

I actually got the May MF from the dealer here in Boston.

~Bob

ndirish2

Picked up my G35 yesterday. Wound up getting it for $16 over invoice ($34,001 on an MSRP of $37,140). 58% residual, MF .00202, 36 months, 12K miles. License fees and first month payment due at signing.

Monthly payment, w/ CT tax and bank fee rolled in, of $503 per month.

Dealth with Competition Infiniti, w/ their Internet Manager, very straight forward and honest, never felt like he was BS'ing me, as I did w/ some other dealerships. If you are near Long Island in the Tri State area I would highly recommend him. I drove from CT, was well worth it.

From my limited experience, I'd suggest dealing only with an "internet manager" at a dealership. I dealt with some regular salespeople through the internet, and when I finally made it to the dealership they were always trying to sell me something else, tell me about "locator fees that could not be avoided", tell me they couldn't find my car w/o the navigation package, etc. I told this guy what I wanted, what I was willing to pay, he pretty much met my demand, had the car in 4 business days.

Amazing car, the drive home was awesome! I got Lakeshore Slate/Stone Grey, Premium Package, Trunk Mat, Painted Splash Guards (didn't want them, but every car w/ just the premium package had em).

Drives like a dream, can't wait to unleash it this weekend!

ero2

Hi all, I have been reading LOTS here and am still unsure that I am understanding all of the leasing terms. I just got an offer on a 2006 G35 sedan, with premium package, and sunroof, MSRP is 36.6, lets assume I can talk them down to 1k above invoice which would be 34,458. I have been offered 24 or 36 months, 2k down, 15k a year, and 349 a month. I am not sure on the residual or how to find out (I emailed and asked for it late this evening, but have not heard back yet) without asking, but would be leasing through IFS of course. Any help on this, on what numbers I need to get, or if this is a good deal, would be a HUGE help!

Thanks in advance.

CarMan@Edmunds

Hi zlskrs. Infiniti's lease program does not currently vary by region, but it has on rare occasions in the past. If you were to lease a 2006 Infiniti FX35 AWD through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00124 and 57%, respectively.

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CarMan@Edmunds

Here you go, lcard. If you were to lease a 2006 Infiniti CG35 Coupe through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00202 and 57%, respectively.

As far as the price goes, a base 2006 G35 Coupe has a spread of over $2,600 between its full MSRP and dealer invoice prices. You were quoted a discount of $3,070 on a fairly fully equipped model. This sounds like a fair price to me. For additional feedback on your car's price, you can always stop by the following discussion to see how much money other community members have paid for similar cars recently: "Infiniti G35: Prices Paid & Buying Experience".

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CarMan@Edmunds

Here are the May numbers that you requested, knr5. If you were to lease a 2006 Infiniti G35 Sedan 2WD through IFS right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00142 and 58%, respectively.

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CarMan@Edmunds

Here's the info that you're looking for, dogsambam. If you were to lease a 2006 Infiniti G35 AWD 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 .00075 and 68%, respectively. Make sure that these are the numbers that the dealer you are working with is using to calculate your car's lease payment.

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CarMan@Edmunds

Frank, if you were to lease a 2006 Infiniti G35X through Infiniti Financial Services right now for 36 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00124 and 59%, respectively. Try checking out the following discussion to get an idea of how much money you should offer for this car: "Infiniti G35: Prices Paid & Buying Experience".

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CarMan@Edmunds

Greetings Jim. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00202 and 58%, respectively. As you can see, the money factor that you were quoted is a little higher than IFS' buy rate. Make sure that the dealer that you are working with uses the buy rate to calculate your car's lease payment. Individual dealers do not have the authority to alter vehicles' residual values. Check out the link that I provided in the previous post to get an idea of how much you should pay for this car right now.

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CarMan@Edmunds

Welcome Bob. This car's lease program varies depending upon how long you lease it for and how many miles per year you need to be able to drive it. If you were to lease a 2006 Infiniti G35 Coupe through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00202 and 57%, respectively. This is probably the most common term / mileage combination. Let me know if you need info for a different set of terms.

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CarMan@Edmunds

Knr5, if you were to lease a 2006 Infiniti G35 Sedan 2WD through Infiniti Financial Services right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00156 and 57%, respectively.

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CarMan@Edmunds

Unfortunately, ecoastharley, the numbers that you posted are not correct. Where did you get them? If a dealer told you them they may be trying to mark your vehicle's money factor up to add additional back-end profit to your deal. If you were to lease an '06 G35 Coupe through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00202 and 57%. Make sure that this is the money factor that is used to calculate your car's monthly payment.

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CarMan@Edmunds

Here is the information that you are looking for, exmbguy. If you were to lease a 2006 Infiniti G35 2WD through Infiniti Financial Services right now for 24 months with 12,000 miles or 10,000 miles per year, its buy rate lease money factor and residual value should be .00082 and 68%, respectively. For 36 months with 12,000 miles per year, its numbers should be .00142 and 58%. Its 10k residual for this term would be 1% higher. If you were to lease an '06 G35X for 24 months with 10,000 or 12,000 miles per year, its buy rate money factor and residual value should be .00075 and 68%. The numbers for a 36 month, 12k lease should be .00124 and 58%. The 10k residual for this term would be 1% higher.

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CarMan@Edmunds

You;re welcome, sonal32384. In my opinion, $500 over invoice is a very reasonable price for this car. You can always stop by the following discussion for additional pricing feedback: "Infiniti G35: Prices Paid & Buying Experience". Let's work up a payment on it using Infiniti's current lease program to compare to the one that you were quoted. According to my calculations, if you were to lease a 2006 Infiniti G35 Coupe with an MSRP of $39,040 and a cap cost of $36,120 through IFS right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $474. Even though the payment that you were quoted includes sales tax, it still seems a little high to me. Make sure that the dealer you are working with uses IFS' buy rate lease money factor of .00202 to calculate your car's payment.

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exmbguy

CarMan@Edmunds

Hi Robert. You never mentioned the selling price or MSRP of the car 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 more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Hi blessedcrys. An upside down loan means that you owe more money on your car than it is currently worth on the open market. Generally speaking consumers who are upside down on their vehicles are better off waiting until they are less upside down to get a new one. As long as there's nothing seriously wrong with your Camry, you would be much better off waiting to get a new Infiniti. If you don't wait, you are going to have to pay a whopping $7,000 just to give your car away.

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CarMan@Edmunds

Blessedcrys, if you hold onto your Camry for another year or two it will be worth less money as a trade, but since you will be paying off your loan you will owe less on it as well. Generally speaking, the longer consumers hold onto their vehicles, the less upside down they are. If I was in your situation, I would continue to drive the Camry for a while longer, making additional payments towards principal every month and then get something new when I was less upside down. One of the major advantages of leasing is the ability to get a new vehicle without paying a lot of money at lease signing. It's absurd to have to pay $9,500 at signing to lease anything.

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CarMan@Edmunds

Hello samgho. You never mentioned the selling price or MSRP of the car 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 more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Yes, lcard, Infiniti is currently providing lease support on the G35 Coupe. It's not a ton of support, but its money factors for this model are better than its standard factors. Its money factors and residual values for this car vary depending upon how long you lease it for and how many miles per year you need to be able to drive it. For now, I will assume that you are interested in a 36 month lease with 15,000 miles per year. these are very common terms. Let me know if you want something different. If you were to lease an '06 G35 Coupe through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00202 and 57%, respectively.

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CarMan@Edmunds

Hi ndirish2. The lease money factor and residual value that you were quoted for this car are right in line with Infiniti's current program for it. This is a good sign because it means that the dealer you are working with is not trying to mark your car's buy rate money factor up to add additional back-end profit to your deal.

Now let's take a look at this car's selling price. The dealer invoice price for the car that you described is $33,987. As you can see the selling price that you were given is right around invoice, which is an excellent deal.

These two aspects of your deal, the main profit centers for dealers, look great. If you like the car, I personally don't see any reason not to go for it.

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CarMan@Edmunds

Greetings Frank. You never mentioned the selling price or MSRP of the car 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 more than happy to give you my opinion on this offer if you let me know what these numbers are.

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CarMan@Edmunds

Hey bluman. The dealer invoice price for the car that you described is a little lower than $36,100. So it looks like the price that you were quoted is around $500 or perhaps slightly more over invoice. This looks like a very reasonable price to me. For additional feedback on this car's price, you can stop by the following discussion: "Infiniti G35: Prices Paid & Buying Experience".

Now I will use Infiniti's actual lease program to estimate what this car's lease payment should be. According to my calculations, if you were to lease a 2006 Infiniti G35 AWD with an MSRP of $39,400 and a selling price of $35,500 through Infiniti Financial Services right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $410. I assumed that you are not going to make any sort of capitalized cost reduction, aka down payment, in the lease that I calculated because it is in your best interest not to make any. If your vehicle is stolen and never recovered or totaled in an accident, your down payment essentially disappears. If you really want to make a down payment, $1,000 down would reduce the aforementioned lease's payment to around $368 and $2,000 down would drop it to $325.

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CarMan@Edmunds

Hi Rob. Infiniti Financial Services will let lessees make up to nine additional security deposits on leased vehicles. Each additional deposit lowers the money factor that is used to calculate that vehicle's monthly payment by .00010. This is a much better way to lower a vehicle's lease payment than making a down payment because at the end of your lease you actually get this money back, unlike a down payment which disappears.

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