Got my MSD answer today. Inked the deal on the above specs with 9 multiple security depostis the MF dropped to .00045. We also moved the 595 acq fee to the cap cost so when it was all said and done it was $767 down (350 doc /title/tags + first month of 417) I also had to give them $4500 for the security deposits which I will get back after 39mos. The final payment come out to $417 month (including my 6.5% tax). I pick it up Monday so I still have time to stop the deal if anyone sees any holes in my math that could save me more.
Hi F1Fan3 - Could you please let me know: 1. What dealership you worked with and 2. If the lease was thru Infiniti or some other bank? The dealerships I have worked with so far say they do not do MSD but I think they are just not aware of it. My e-mail is septcar@gmail.com Thank you!
Car Man, I see you have posted the Oct lease rates for the G35x. I was wondering if you could do the same for the Journey and Sport? Thanks in advance!
Car man, I was wondering if the TMV price is completely accurate when leasing v. buying? Right now, with the remaining 2008 G35's, buyers are getting $3000-$4000 cash to dealer incentives that leasers are not, correct? So I ask you if the TMV for my area is just under invoice, can I truly expect to lease a car based on the same price that buyers are getting? I am in a market with only one Infiniti dealer, and while they are very nice and provide great service, are not overly flexible when it comes to pricing. I am interested in a G35x with MSRP of $38080, Invoice of $34912. TMV is $34098. Dealer's current offer is lease based on cap cost of 35500. How much lower should I offer? Lease will be 39 mo/12,000 mi. Just first, sec, fees down. Thanks!
I found another source for the lease rates and another good source of information at the g35driver dot com forums. They seem to provide a list of the lease rates every month in case anyone is interested. The notes say to add +2% to the residual for 12k miles and +3% for 10k miles, but as they discuss in the rest of the thread, it should be 1% and 2% respectively, and that brings the numbers in line with what Car Man quoted for the G35x for October. Not sure if I can post the link here or not, but I'll try.
i need to know if im getting a deal or not. Right now im looking at a G sport ivory white with black interior. The car comes equipped with the premium pkg,rear spoiler,splash guards, illuminated kick plates, and mats msrp of $41,460. I'm going to lease and with $2500 total down including motor vehicle fees 39 month lease 12k per year and the dealer gave me $459. Is that a deal?
Hi f1fan3. While I have not looked into this matter in several months, the lat time that I checked, Infiniti Financial Services allowed lessees to make up to 9 additional security deposits, with each one reducing their vehicles' money factor by .00010. I believe that MSDs are prohibited in certain states though.
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Here you go, woolooloo. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti G35 Sedan Journey with 15,000 miles per year are .00098 and 54%, respectively. The numbers for an otherwise identical lease of an '08 G35 Sedan Sport are .00098 and 53%.
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I am about to sign into a 39 month lease on an 08 G35 and am doing so only because I get a better pmt.
I know that one downside to this is that in my 4th year, I will be paying for 1 year's reg while I only garage the car for 3/12 months I've paid for it... What other downsides are there if any?
Are there any benefits.
My dealer told me that I can usually bring the car in at 36 mo and many dealers and manufacturers are always running specials and can make the last 3 pmts for me and take the car while signing me into another lease. Thing is, I bet they will cover up the 3 months pmts by jacking up my cap cost in a new lease. I do planning on continuing to lease after this car.
The whole story, I currently have 2005 G35 coupe and my lease is maturing on nov 1. My rims are scratched, 1000 miles over and 2 scratches on front bumper i approximate total bill of about $800 for returning a car to infiniti. I went to Infiniti dealership not far from my house in NJ and this is what i got as a deal. G35XS with premium MSRP 38950 Invoice 35750 Money factor .00135 Term 39 month No money down, bank fee rolled in to payments and because Infiniti will give me $500 for my previous lease to cover damages I will owe $300 which will be taken care off by that dealership. All i will have to give them is first month lease and plates $150. Payments at $460 I think it's to high or am I wrong?
I am going to look at a similar car tomorrow(sat.) Let me know if your payment includes sales tax and how many miles per year as I have been shopping this car by phone /email for a few days and your deal seems pretty good.
Pretty close to the number I have after a few days on phone and email-G35x premium 39 months 16k miles per year $499.00 month taxes in total out of pocket just first months payment. I dont have the sport package in this but I would guess it would add about 10-15 month. The deal in post no. 3712 looks very close to yours and mine. I think these lok pretty good for an almost $40 000 car. Will let you know how I made out when I get back from the dealer today.
I think the difference is in the mileage allowance. My price covers 16k miles per year while yours is only 10 k. That alone is a $50 per month premium-miles are .10 mile to buy up front
First off these forums are great and very informative. I appreciate everyone taking part and answering questions for novices like myself. Using the information i got from this forum, i got the following offer. can you guys tell me whether this is good or not?
G37 Coupe Journey with Prem wheels (19") and moonroof (no "packages" though) MSRP 37,765 Invoice: not sure (salesman said at this lease price its few hundred under invoice) 39 month lease, 12K/year drive off: ~$1500 (595 bank fee, 446 first payment, license fees, net cap reduction ~$130) monthly payments (include tax): $446.30
I went forward with the deal as listed in my initial post and now have that G35xS parked in the garage.
I really appreciate the time and effort put forth by those in this forum that are the real leasing experts. Quite amazing how different the leasing experience was for me this time having understood every component of the calculation and with a basis in which to negotiate the selling price (and ensure the dealer wasn't padding the deal with a MF markup or excessive doc fees).
We need to know the selling price of the vehicle to fully run down the lease calculation of your proposed deal.
Just for comparative purposes, I just finalized a deal for a G35 (different vehicle, I know) but focus on this: 1) My MSRP was 39180 (more car than yours by about $2000) 2) My terms is 36 months /12000 miles (shorter term than yours) 3) My payment is only $3 more than yours
Do a bit more research (check our earlier posts) as I think you can do better my friend.
Took your deal with me to the dealer yesterday-heres what they proposed for a G35X premium/sport mrsp $39 100. 39 months 16k miles/year . $516.00 month taxes in with total out of pocket ~640.00 (just first payment and plate). They said the higher mileage allowance decreased the residual and therefore gives a slightly higher payment. Buying the extra 4k miles per year is .10 cents per mile. Sales tax in Mi. is 6 %. Im not too far off your deal but any input appreciated. How do you like the car? I thought it was very sharp-lakeshore slate with black leather interior.
My dealer just quoted me a "rate" of 2.7% for the lease, and a 59% residual on a 39 month, 12k lease. I'm sure they wouldn't screw with the residual, but just looking to make sure the 2.7% is where it should be.
My comparison of a 2008 G35 to a 2009 G37 is a bit like apples and oranges, so I'm going to defer any further commentary to those that track numbers on the G37s.
The G35xS is absolutely awesome....very happy with it!! About your deal...
Here's my assessment based on what you have provided:
MSRP: 39100 Residual assumption: 53% (post #3704 says 54% @ 39 mo / 15000. Am assuming a 1% drop for another 1000 miles) MF: .00135 (source is post #3704) Bank fee: 595 (standard for IFS, I paid this out of pocket to avoid finance charges)
To arrive at a $516 payment, the selling price of the vehicle becomes: $36100
That would be about $1400 more for the vehicle than I paid. If you are trusting the dealer to be "fair and equitable" about the facts and figures in the calculation that's a mistake. My suggestion would be to have the dealer send you all the inputs so you can re-build the calculation on your own. Remember that the monthly payment is the natural outcome of the inputs.
If you were to arrive at a sales price of $34,800, which is about what I got, given all the inputs above, your payment would be $479.08. Bottom line, is you have some room to manuever here. By the way...I also live in Michigan.
Thanks a lot for your help .I assume that price includes 6 % sales tax. Can you tell me the name of your sales person and which dealership you bought at?
Hi, I wanted to thank this forum for being very helpful with the lease of my new 2008 G35x from COMPETITION INFINITI, THE BEST DEALERSHIP. So I wanted to share my deal info with you guys and get a response of what you all think.
Premium Package Painted Splash Guards Trunk Cargo Net Black Obsidan MSRP: $38,080 Invoice: $34,912 MF: .00135 Residual: 56% Cap Cost: $33,088 39 month lease 10,000 miles a year Tier 1 credit: added $6 a month NJ tax rollaed into payment 7% Due at signing: $1367.93*
* First payment – 407.75 * Bank Fee - $595 * Bank Fee Tax – $41.00 * Tire Tax $12.50 * Registration - $250 * Some thing minor - $61.68
TOTAL MONTHLY DUE INCLUDING TAX - $407.75
ALSO I WANTED TO LET EVERYONE KNOW THAT KINGS INFINITI IN BROOKLYN, NY IS A HORRIBLE DEALERSHIP. I LEFT A DEPOSIT ON A CAR AFTER THE PURCHASE ORDER HAS BEEN SIGNED, THAT THEY SUPPOSEDLY BEAT FOR ME, AND WHEN I CAME IN TO SIGN THE LEASE AND PICK UP THE CAR THEY COMPLETELY CHANGED THE NUMBERS ON ME WITH ME PAYING $34 DOLLARS MORE A MONTH!!!!!!!!!!!!! I ARGUED WITH THEM FOR 2 HOURS THEN I REACHED A POINT WHERE I TOLD THAT THEY WILL BE HEARING FROM MY LAWYERS, AND THEY WILL BE, AND I STORMED OUT. EVERYONE STAY AWAY FROM THEM, THEY ARE A BUNCH OF LIEING SCUM.
I was in the same situation as you...I scratched the H#LL out of 3 of 4 of the rims (had the 19" sport wheels on the 2005 coupe), took off paint on my front bumper by hitting a landscaping rock (boulder), had a small hole torn in the front seat, the front tires were balding on the sides, and other small scratches, nicks...I was expecting a big bill as it related to those damages....imagine my surprise when I had the car pre-inspected a month before I had to turn it in and they said I only had like $300 worth of excessive wear and tear. Have you had the car pre-inspected yet? You'll be surprised at how laid back they are in their assessment of excessive wear and tear.
I've since officially turned in the car and have been forgiven the excessive wear and tear b/c I purchased a 2008 G35 Sedan.
In terms of knowing how good your deal is, I'll need to know the agreed upon price (cap cost), the tax rate where you live, and any other dealer (doc fees) that might be tacked on. Also, how many miles/year.
For some reason I can't reconcile out to your MSRP = $39,525
Here are the numbers I have:
2008 G35 Journey MSRP = $32,700 Premium Package MSRP = $2,500 Sport Package MSRP = $1,650 Navigat Package MSRP = $2,150 Destination = $765 or $815 depending on when dealer rec'd car.
TOTAL = $39,765
In any event, the numbers are not working out for me. What is this "tax" that you are paying that is included in your "fees"? My understanding is that for all states, except for Illinois and Texas, you only pay sales tax on the rental charge and not the full amount of the car. If you can break out the fees, that would be helpful (i.e. $595 acquisition, registration, doc fee) Also, what is the tax rate where you live? Anyway, assuming that the cap cost = the selling price of the car, it seems pretty fair. However, I would hesitate to say that it is a 'good deal' until I can fully understand the "Fees".
The price of the car sounds about right at this time of year for a 2008 G37. 2009 will be out any day now so they have sell the 2008's. However, the payment sounds a little high. Maybe you have extra miles or the money factor (int. rate) is also high. I live in Calif. and I am looking for a G37 and I have seen them with more options for under $400 a month incl. tax. Good luck.
37477 cost $1850 drive-off 39 month 12,000 / year $471/mo Sales tax is 8.25%
Does anyone know about Safe lease and Tire and Wheel options (some sort of protection). I doubt I need them, but if somebody had an experience with them? Thanks.
Hi jackbauer. I just saw a commercial for your show. I suspect that the dealer that you spoke with meant that the '09 G37 Coupe's money factor is ".00270." That's what it is. This money factor is equivalent to an interest rate of just under 6.5%.
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2008 Infiniti G35X AWD Black exterior, gray interior Premium Package 39 months, 10K miles per year $2,000 due-at-signing (includes first month payment and all fees) $385 per month, where ... Base monthly payment = $366.66 and MA monthly sales tax of 5% = $18.33 Total amount of payments = $16,629.62 MSRP = $38,030 Gross Capitalized Cost = $33,299.05 Capitalized Cost Reduction = $547.87 Adjusted Capitalized Cost = $32,751.18 Residual Value = $21,296.80 Implied Residual Value % = 56% Depreciation amount = $11,454.38 "Agreed upon value of the vehicle" = $33,299.05 Purchase Option at end of lease = $21,296.80
What do you think? A good deal? BTW - I am buying from a Boston area dealer.
Looks good at first glance, but you really need to specify the MSRP so we can better gauge your discount. It could be a great deal for a loaded model or just a good deal for a stripped down base model. Based on the residual, I'm guessing MSRP is about 38,000?
Comments
1. What dealership you worked with and
2. If the lease was thru Infiniti or some other bank?
The dealerships I have worked with so far say they do not do MSD but I think they are just not aware of it. My e-mail is septcar@gmail.com
Thank you!
Wanted to get your input on this deal for a black 2008 G35x Premium, Sport, Splash guards:
MSRP: 39180
Invoice: 35860
Cap Cost: 34738
MF: .00114
Resid: 56%
Term: 36 mo / 12,000
Tax: 7%
Payment: 449.50
At signing: ~1300 (Bank fee 595, first payment 449.50, 180 doc fee, plates / reg)
Should I move forward? Thanks in advance for your time and help.
Please read this post
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
October rates
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
Yeah, that sounds like a phenomenal deal!
Essentially, the selling price is $1,122 under invoice, which is great on a lease as I thought the only incentive was a $500 mfg to customer rebate.
The numbers tie out for me, so as far as a 'good deal' IMO, it is a great deal.
Let us know how it goes.
He/she provided all the necessary information in order for anyone to reasonably assess the degree of 'goodness' of the deal.
Please use that as a template when looking for "good deal" feedback. Thanks.
Car_man
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Car_man
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I know that one downside to this is that in my 4th year, I will be paying for 1 year's reg while I only garage the car for 3/12 months I've paid for it... What other downsides are there if any?
Are there any benefits.
My dealer told me that I can usually bring the car in at 36 mo and many dealers and manufacturers are always running specials and can make the last 3 pmts for me and take the car while signing me into another lease. Thing is, I bet they will cover up the 3 months pmts by jacking up my cap cost in a new lease. I do planning on continuing to lease after this car.
Please advise...
G35XS with premium
MSRP 38950
Invoice 35750
Money factor .00135
Term 39 month
No money down, bank fee rolled in to payments and because Infiniti will give me $500 for my previous lease to cover damages I will owe $300 which will be taken care off by that dealership.
All i will have to give them is first month lease and plates $150.
Payments at $460
I think it's to high or am I wrong?
First off these forums are great and very informative. I appreciate everyone taking part and answering questions for novices like myself. Using the information i got from this forum, i got the following offer. can you guys tell me whether this is good or not?
G37 Coupe Journey with Prem wheels (19") and moonroof (no "packages" though)
MSRP 37,765
Invoice: not sure (salesman said at this lease price its few hundred under invoice)
39 month lease, 12K/year
drive off: ~$1500 (595 bank fee, 446 first payment, license fees, net cap reduction ~$130)
monthly payments (include tax): $446.30
should i pull the trigger?
Thanks,
Navid
I really appreciate the time and effort put forth by those in this forum that are the real leasing experts. Quite amazing how different the leasing experience was for me this time having understood every component of the calculation and with a basis in which to negotiate the selling price (and ensure the dealer wasn't padding the deal with a MF markup or excessive doc fees).
Sounds like a bad deal.
We need to know the selling price of the vehicle to fully run down the lease calculation of your proposed deal.
Just for comparative purposes, I just finalized a deal for a G35 (different vehicle, I know) but focus on this:
1) My MSRP was 39180 (more car than yours by about $2000)
2) My terms is 36 months /12000 miles (shorter term than yours)
3) My payment is only $3 more than yours
Do a bit more research (check our earlier posts) as I think you can do better my friend.
JJG
Do you have any details on the 2009's?
My dealer just quoted me a "rate" of 2.7% for the lease, and a 59% residual on a 39 month, 12k lease. I'm sure they wouldn't screw with the residual, but just looking to make sure the 2.7% is where it should be.
Thanks
G37 is in model year i believe so getting it below invoice seems to be difficult.
Here's my assessment based on what you have provided:
MSRP: 39100
Residual assumption: 53% (post #3704 says 54% @ 39 mo / 15000. Am assuming a 1% drop for another 1000 miles)
MF: .00135 (source is post #3704)
Bank fee: 595 (standard for IFS, I paid this out of pocket to avoid finance charges)
To arrive at a $516 payment, the selling price of the vehicle becomes: $36100
That would be about $1400 more for the vehicle than I paid. If you are trusting the dealer to be "fair and equitable" about the facts and figures in the calculation that's a mistake. My suggestion would be to have the dealer send you all the inputs so you can re-build the calculation on your own. Remember that the monthly payment is the natural outcome of the inputs.
If you were to arrive at a sales price of $34,800, which is about what I got, given all the inputs above, your payment would be $479.08. Bottom line, is you have some room to manuever here. By the way...I also live in Michigan.
Hope this helps.
JJG
I wanted to thank this forum for being very helpful with the lease of my new 2008 G35x from COMPETITION INFINITI, THE BEST DEALERSHIP.
So I wanted to share my deal info with you guys and get a response of what you all think.
Premium Package
Painted Splash Guards
Trunk Cargo Net
Black Obsidan
MSRP: $38,080
Invoice: $34,912
MF: .00135
Residual: 56%
Cap Cost: $33,088
39 month lease
10,000 miles a year
Tier 1 credit: added $6 a month
NJ tax rollaed into payment 7%
Due at signing: $1367.93*
* First payment – 407.75
* Bank Fee - $595
* Bank Fee Tax – $41.00
* Tire Tax $12.50
* Registration - $250
* Some thing minor - $61.68
TOTAL MONTHLY DUE INCLUDING TAX - $407.75
ALSO I WANTED TO LET EVERYONE KNOW THAT KINGS INFINITI IN BROOKLYN, NY IS A HORRIBLE DEALERSHIP. I LEFT A DEPOSIT ON A CAR AFTER THE PURCHASE ORDER HAS BEEN SIGNED, THAT THEY SUPPOSEDLY BEAT FOR ME, AND WHEN I CAME IN TO SIGN THE LEASE AND PICK UP THE CAR THEY COMPLETELY CHANGED THE NUMBERS ON ME WITH ME PAYING $34 DOLLARS MORE A MONTH!!!!!!!!!!!!!
I ARGUED WITH THEM FOR 2 HOURS THEN I REACHED A POINT WHERE I TOLD THAT THEY WILL BE HEARING FROM MY LAWYERS, AND THEY WILL BE, AND I STORMED OUT. EVERYONE STAY AWAY FROM THEM, THEY ARE A BUNCH OF LIEING SCUM.
I was in the same situation as you...I scratched the H#LL out of 3 of 4 of the rims (had the 19" sport wheels on the 2005 coupe), took off paint on my front bumper by hitting a landscaping rock (boulder), had a small hole torn in the front seat, the front tires were balding on the sides, and other small scratches, nicks...I was expecting a big bill as it related to those damages....imagine my surprise when I had the car pre-inspected a month before I had to turn it in and they said I only had like $300 worth of excessive wear and tear. Have you had the car pre-inspected yet? You'll be surprised at how laid back they are in their assessment of excessive wear and tear.
I've since officially turned in the car and have been forgiven the excessive wear and tear b/c I purchased a 2008 G35 Sedan.
In terms of knowing how good your deal is, I'll need to know the agreed upon price (cap cost), the tax rate where you live, and any other dealer (doc fees) that might be tacked on. Also, how many miles/year.
I'm about to head to the dealership and wanted your opinion on this lease deal...
2008 G35 RWD with Premium, Nav, Sport
MSRP: $39,525
Cap Cost: $35,741
Fees: $1,963 (tax, registration, etc.)
Residual: 53%
Money Factor: .0012
Term: 39 months
Mileage: 15K
Rent: $516.83
Due at Signing: $516.83
Does this look a good lease deal? I live in the NE and it has been very hard to find a better deal. Any opinions are greatly appreciated.
For some reason I can't reconcile out to your MSRP = $39,525
Here are the numbers I have:
2008 G35 Journey MSRP = $32,700
Premium Package MSRP = $2,500
Sport Package MSRP = $1,650
Navigat Package MSRP = $2,150
Destination = $765 or $815 depending on when dealer rec'd car.
TOTAL = $39,765
In any event, the numbers are not working out for me. What is this "tax" that you are paying that is included in your "fees"? My understanding is that for all states, except for Illinois and Texas, you only pay sales tax on the rental charge and not the full amount of the car. If you can break out the fees, that would be helpful (i.e. $595 acquisition, registration, doc fee) Also, what is the tax rate where you live? Anyway, assuming that the cap cost = the selling price of the car, it seems pretty fair. However, I would hesitate to say that it is a 'good deal' until I can fully understand the "Fees".
320 registration
165.25 title
7.50 tire waste management
rest is tax (7% in NJ)
According to this dealer, in NJ, the tax is not based on the monthly payment but for the selling price. Is that not true for NJ?
Good luck.
2008 G37 MT
Premium pkg
Splash guards
37477 cost
$1850 drive-off
39 month
12,000 / year
$471/mo
Sales tax is 8.25%
Does anyone know about Safe lease and Tire and Wheel options (some sort of protection). I doubt I need them, but if somebody had an experience with them?
Thanks.
Car_man
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Here is the lease deal I'm about to sign:
2008 Infiniti G35X AWD
Black exterior, gray interior
Premium Package
39 months, 10K miles per year
$2,000 due-at-signing (includes first month payment and all fees)
$385 per month, where ...
Base monthly payment = $366.66 and MA monthly sales tax of 5% = $18.33
Total amount of payments = $16,629.62
MSRP = $38,030
Gross Capitalized Cost = $33,299.05
Capitalized Cost Reduction = $547.87
Adjusted Capitalized Cost = $32,751.18
Residual Value = $21,296.80
Implied Residual Value % = 56%
Depreciation amount = $11,454.38
"Agreed upon value of the vehicle" = $33,299.05
Purchase Option at end of lease = $21,296.80
What do you think? A good deal? BTW - I am buying from a Boston area dealer.
Thanks for your input!
Let us know how it goes! Good luck.