Infiniti G37 Lease Questions

CarMan@Edmunds

Hi emale. I would be happy to give you a detailed analysis of this deal if you tell me what this car's selling price is. This is a very important number for consumers who are considering leasing to know. Not only does it show how much of a discount you are being given, but it is necessary to calculate your vehicle's lease payment. Let me know and I'll tell you what I think.

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CarMan@Edmunds

Qbrozen, many banks, like BMW Financial Services and Infiniti Financial Services to name two, have multiple security deposit programs. Basically, they lower the money factor that they charge for each additional security deposit that consumers make. MSDs are a great way for consumers who have the money to lower their lease payment. It's much better than making a down payment on a lease because, assuming that they are under mileage and their vehicle is in good condition, consumers actually get their additional deposits back at lease-end.

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CarMan@Edmunds

Congratulations on your new ride, ndirish2. Thanks for taking the time to share the details with everyone. I am sure that other community members will find this sort of information helpful. Enjoy!

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CarMan@Edmunds

Greetings ero2. It sounds like you are new to the world of leasing. If so, 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.

Let's take a look at the current lease program for the car that you are interested in. If you were to lease a 2006 Infiniti G35 Sedan through Infiniti Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00082 and 67%, respectively. The numbers for an otherwise identical 36 month lease should be .00142 and 57%. Using these numbers, an MSRP of $36,600, and a selling price of $34,458, I estimate that your 24 month, zero down, pre-tax monthly payment should be around $463. The 36 month payment would be around $457. A $2,000 down payment would reduce the 24 month payment to $378 and the 36 month payment to around $398. I usually advise consumers against making down payments on leases though because if your leased vehicle is totaled in an accident or stolen and never recovered your down payment essentially disappears. As you can see, the lease payment that you were quoted looks very attractive.

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CarMan@Edmunds

No problem, exmbguy.

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bali44

Hi I'm looking to lease a G35 sedan and I've noticed there's a $1,000 dealer cash incentive, does anyone know if this is available on a lease.

Thanks.

knr5

Thank you, Car_Man for your response to my May 3 request. Even though it was too late to help me with my decision, it is useful (and heartening) to know that the correct numbers for money factor and residual% were used in my case!:)

BTW, in your response to my earlier request of April 27 (# 336 above), you gave different numbers for the money factor and residual%! I would appreciate it very much if you would clarify which of your two responses (i.e., #336 or # 341) is correct. I am kinda hoping # 341 is correct!:)

nomadoe

Hi carman,

My lease in a '03 FX45 Premium expires Jan '07. Before my lease expires I thought it might be a good idea to take advantage of one of the current G35 lease offers. The offer that was presented to me is '06 G35x AWD sunroof, $3,500 total out of pocket, 12,000 miles, $399/month, 24 month term. This is a bit over the current offer of $2,900+tax, 12,000 miles, $359/month and 24 month term
because the dealer stated that they will incur negative equity in my '03 FX45 from dealer buy back (Nissan Financial Corp) of $27,547.75. In addition, they say they will take another hit for a minor accident that shows up on Carfax. They also mentioned that it would be better to trade now that wait until lease expiration because I may be hit with expenses due to the accident.

Do you think I am getting a good deal? Should I keep the FX45 until expiration? I need to make a decision today since this is when the current promotion ends.

Thanks!!

nomadoe

Hi carman,

My lease in a '03 FX45 Premium expires Jan '07. Before my lease expires I thought it might be a good idea to take advantage of one of the current G35 lease offers. The offer that was presented to me is '06 G35x AWD sunroof, $3,500 total out of pocket, 12,000 miles, $399/month, 24 month term. This is a bit over the current offer of $2,900+tax, 12,000 miles, $359/month and 24 month term
because the dealer stated that they will incur negative equity in my '03 FX45 from dealer buy back (Nissan Financial Corp) of $27,547.75. In addition, they say they will take another hit for a minor accident that shows up on Carfax. They also mentioned that it would be better to trade now than wait until lease expiration because I may be hit with expenses due to the accident.

Do you think I am getting a good deal? Should I keep the FX45 until expiration? I need to make a decision today since this is when the current promotion ends.

Thanks!!

robertw477

On the accident did you get it repaired? If you did dont worry about the accident re: the terms of your lease. I think you should never end a lease early. Total waste of money. Wait until Jan 07. Dont do the deal now just because they have lease support on the car now. There will probably be some lease deals later on as well.

Good Luck
robert

nomadoe

Yes, the accident was repaired, however, they claim that there is evidence of accident repair.

nomadoe

Robert,

I'm curious. What are your reasons against early lease termination, when in this case, at least on the surface, and based on the numbers, it seems that I'm not being too harshly penalized for the accident and early termination?

How is it a waste of money?

Thanks!

Andre

cdgaudet

Hey all,

I just leased a G35 Sedan with Navi,Premium B and Sport for $525.00 a month for 36 months with 20K miles/year with 1400 down. Is this a reasonable deal? Oh...BTW... I got my first chip on the front bumper with < 100 miles!!! Love the car so far. A little concerned with 3000RPM at around 75MPH though. Thanks,

Cliff

robertw477

If you repaired the damage done by the accident it does not cost you anything at lease end. If the dealer tells you the damage is a problem but it has been repaired, then they are taking advantage of you. The reason leasing does not work for probably 90% of consumers is the fact: #1 they overpay for the lease #2 They pay large cap cost reductions because they dont know better #3 They terminate a lease early. If you are set on the new wheels then do it. If you are doing it because you dont think there will be good lease deals later, then dont. Rob

robertw477

If the car is totaled in an accident or stolen do you lose the MSD? I know on a cap cost reduction the money is lost but what about a MSD? Audi dealer told me the money would be lost but I am not sure they gave the correct information.

Thanks
Robert

kase161

Hey guys, thanks for all the collective information that I have gained from this site. I wish I lived in NY; it seems they are getting the best deals (I live in Texas). These are my questions; I am looking for a 2006 G35 2WD w/ Premium Package C w/ Sunroof. The invoice (according to Edmunds.com) is $33,458.00. My research has lead to believe that the residual value of this vehicle is 68% on a 24 month lease (12K). The money factor is .00082. Are these values negotiable (residual and money factor)? What is the best pricing over/under invoice I can expect for this car? I wanted to have fire power when I deal with the Infiniti Dealerships. I plan to bring $2,000 to the table (for taxes, fees, 1st payment and whatever else they can tag on). Thanks in advance!

pharm30

I leased a G35 coupe a couple weeks ago. wanted one for a long time and could finally afford it.
Paying $479/mo (included the protective covering over front hood/mirrors due to rocks/sand in AZ) with 12k miles for 36 months, don't have first tier credit. wished I would've gone 24 months.
Love the car so far, wish I had not got black because it's hard to keep clean, but it looks great after a wash!
Love the exhaust sound.

bali44

Hi, I am looking to lease the exact same vehicle and actually the invoice is $32,596, it seems you're adding both package c and sunroof, which is already part of package c. The money factor might change for June 2006, but I hope they continue so low.

Hope this helps.

bali44

I am looking to roll my acquisition fee into my lease and was wondering if this is part of my capitalized cost when computing my lease payments.

Thanks for your help!

bali44

Car_Man,

I am looking to lease a 2006 G35 sedan RWD w/ premium package C, for 24 months 12K miles a year. Can you please let me know the current residual value and money factor for June assuming excellent credit.

Thanks in advance!

robertw477

Sounds to me that the dealer is giving you a snow job. It doesnt matter if they can determine the car was in an accident as long as it was repaired properly. My old car had 14K worth of work done due to an accident. At lease end they can tell the car was repaired but that does not affect lease end return.

Rob

kase161

Thanks for that bit of information. $1000.00 less,thats a relief. What type of pricing have you seen for the G35 using these specifications (minus the sunroof cost)? Thanks again.

bali44

I am in South Florida and the lowest quote I got was $33,768 w/ premium package c and $1300 due at inception (incl. 1st mo., acquisition fee and tag). It was more than I was willing to pay and I hope the price comes down in the next months as the prepare for the 2007 model.

lucky711

Here's another one for all the gurus on here:

Car is an 06 6MT w/ prem, nav, aero. Here is what the dealer is offering:

base cap: $37,505
Out the door: $40,853.89
Residual: 57%
MF: .00202

$561.54 1st payment
$175 Tag
$100 Fl Doc.
$745 dealer fee
Total inceptions $1581.54
39/15k miles per year $527.27+tax (FL tax is 6.5%)

I think I could do a lot better. Any ideas where I should start?

thanks, Brian

gmoney1051

HEY EVERYBODY JUST LEASED 2006 G35 COUPE 6MT FULLY LOADEAD WITH NAV,SPORT,AERO PACKAGE FOR ONE YEAR LEASE $1500 OUT OF POCKET AND I AM ONLY PAYING $473 A MONTH. IT IS A UNBALIVABLE DEAL. I WENT TO OTHER DEALERS AND THEY COULD NOT IVEN COME CLOSE TO THAT PRICE.

THE COMPANY IS NEW YORK CITY. THE NAME OF THE COMPANY IS NATIONAL AUTO LEASING. THEY HAD THE MOST UNBELIVABLE SERVICE.

qbrozen

wow! over $7k to rent a car for a year? Any particular reason? Are you leaving the country after that? I just don't think I've ever heard of someone leasing a car for just one year. And usually folks don't want to spend that kind of money and then have to start all over again 12 months from now. I mean, let's say you keep doing that each year, over 3 years you've now spent $21k (more like $21,360). I can think of much nicer cars I'd be willing to drive for 3 years for that kind of money.

But, hey, to each his own. I'm just curious as to your motives for such a deal.

lucky711

Actually, that is a great deal. Dealer in Florida offered me the one year lease for $689/month!

Infiniti is offering this now because the new coupe will be out next year. I guess they figure they will have trouble moving these cars for the next few months.

qbrozen

OH, I'm not saying its a bad deal ... for what it is. I'm just not sure why someone would do it (short of something definitely changing in a year, like moving, getting a new job, getting married, etc).

marck168

The money factor and residuall for 24month/12,000mile lease is 0.00082 and 67%.

The dealer said the best price I can get for a lease is about $1k over invoice??

How is this price??

btw, I felt driving experience is not much better than a new 3.5 Altima SE. Maybe it is because the dealer said it is a new car and won't allow me to go over 4000rpm.

qbrozen

btw, I felt driving experience is not much better than a new 3.5 Altima SE.

Definitely depends on how you drive it. In traffic and just tooling around town at 20% the limit is not going to show you anything different. Push each car hard, though, and the RWD vs FWD of the cars will show you were the difference lies.

iwantg35now

Just anounced from Infiniti!!!
G35 Coupe w/premium package
12 months / 12k miles
$2649 cash down + TTL and fees, no security deposit
$199 / month + tax!!
I already made my deal over the phone and will pick it up tomorrow morning!
Came out to $226 / month with CA tax and premium wheels!

mishman1

Carman,

Need to make a decision on this :
24 mos, 12K
MSRP - 37850
Selling - 34527
Money factor - .00075
Residual - 68%
Tax (NJ) 6%
Due at signing 1626.90 (bank fees, 1st payment, M.v. etc.)
$436 per month incl tax.

Open the case.....Deal or NO deal???

Thanks,
Bob
:surprise:

robertw477

If that is G35 with the remium package it looks like a sharp deal to me.

rob

mishman1

Yes Rob premium package.
Thanks,
Bob

karz3

I got a quote of $395/m +tax (nyc) for a G35 with an MSRP of $39700. It has prem nav sat etc. This is a 12 month lease and I was wondering if a bank fee is applicable to this promo and if it is, is $575 sound like a correct amount. overall out of pocket including tax is around $1500 (500 is tax) is this a good deal?

$395/12 + tax with 6 month extension option
$39.7k msrp
$1500 out of pocket (1st, tax 8.5%, bank fee, tags)

It seems as though the lease selling price is 37.5 because buy end option is $32.7 so it seems as though there might be more room, should we take it??? and is that bank fee to high, if supposed to be any???

keval

Hi All,
I'm looking for some information on what the residual and money factor would be for a G35 Coupe/6MT/Premium under the current promotion for both 12month/15k and 24month/15k terms?

I'm seeing a lot of deals for 12k but that would be a little too close for comfort given my commute. BTW, I'm in NJ (if that makes a difference) and thanks in advance for any information provided!

boomer888

Hi Carman,

Would you be able to provide me with the residual an money factor for:

G35 Sedan 6MT with Premium package 36-39 months at 12k/year.

Thanks!

dongvefuc

Hi All
I am looking to lease a G35 coupe 6MT either with premium or without. I heard that Infiniti has a special for 12 months and 24 months leasing. I wonder anybody can provide me more information about it, SoCal area. Thanks

mishman1

Actually I believe it's .00075 and 68%.

Sounds good to me though.

Good luck!

CarMan@Edmunds

You're welcome, knr5. I'm glad that the dealer that you are working with used IFS' buy rate to calculate your car's monthly payment. The reason why the post that I made in April had different numbers in it than the one that I made in May is that Infiniti changes its lease program on a monthly basis.

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CarMan@Edmunds

Hi nomadoe. I wouldn't worry about missing out on the special lease that Infiniti is currently running on the G35. Infiniti provides lease support on this model on a fairly consistent basis. Attractive incentives and lease programs on vehicles usually don't just disappear. If an automaker is providing a high level of support on a car or truck this month, chances are that it will do so again next month. Dealers just use the fact that a special program is about to "expire" to help them close deals ASAP. While it is impossible to predict what automakers will do with their future incentives with 100% accuracy, I suspect that it will have a fairly attractive lease program on the G35 when your current lease expires in January. I personally feel as though it would be a waste to pay money to get out of your current lease this early. When the salesperson that you are working with told you that you may have to pay a penalty because your vehicle was in an accident, they were just feeding you a line to get you to lease a new vehicle from them now. As long as your current vehicle was repaired properly, you will not have to pay a dime in excess wear and tear charges as a result of your accident.

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CarMan@Edmunds

Hi Robert. I believe that most banks return lessees' security deposits if their cars are declared a total loss for insurance purposes, but you should check with Infiniti Financial Services or a different dealer's F&I person to make sure that this is the case with Infiniti.

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CarMan@Edmunds

Hi kase161. The selling prices of leased vehicles are negotiable. The money factor on the other hand is and is not negotiable. By this I mean that consumers cannot negotiate a lower money factor than banks' published numbers. However, dealers usually have the ability to "mark-up" vehicles' money factors to add additional back-end profit to deals. As a result, it is important to make sure that the dealer you are working with is using the buy rate money factor for your car to calculate its monthly payment. The .00082 money factor that you were quoted for a 24 month lease of this car is its buy rate money factor, so it doesn't get any better than that. Check out the following discussion for information on how much you should pay for this car right now: "Infiniti G35: Prices Paid & Buying Experience".

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CarMan@Edmunds

Hello bali44. Yes, if you decide to roll your car's acquisition fee into your lease instead of paying it at signing it will be part of its capitalized cost.

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CarMan@Edmunds

Here you go, bali44. If you were to lease a 2006 Infiniti G35 Sedan 2WD 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 .00082 and 68%, respectively.

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CarMan@Edmunds

Hi Brian. Let me begin by saying that the money factor that you were quoted for this car is way too high. Infiniti Financial Services' current buy rate lease money factor for a 39 month lease of an '06 G35 Sedan is .00156. Make sure that the dealer you are working with uses this car's buy rate money factor to calculate its monthly payment. It would be easier for me to give you feedback on the selling price that you were quoted if you would provide me with either this car's full MSRP or dealer invoice price.

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CarMan@Edmunds

Hi mishman1. Well, I'm no Howie Mandel, but I'll do my best impression. The money factor that you were quoted is right in line with Infiniti Financial Services' buy rate for a 24 month lease of an '06 G35 AWD Sedan right now. You never mentioned the specific model that you want, but I assume that this it's the G35 AWD. The base version of this car has a spread of a little over $2,600 between its full MSRP and dealer invoice prices. You are being given a discount of over $3,300 on the car that you are interested in, so its selling price looks good to me. The two main profit centers for dealers on leases look good to me, so I say DEAL.

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ufmike45

CarMan,

What do you think of this offer? Should I be able to get it down some? How much?

'06 Automatic G35 coupe
Black
Sunroof
Trunk Mat
Splash Guards
XM Satellite Radio

39 Month Lease
10K miles
$550 down
$469/month
MSRP: $35490
Price: $33350
Residual: $21294
Money Factor: 2.19%

Thanks!!

rajee

Got a quote on a G35 coupe with Auto, Premium Package, Navigation .... MSRP 38,650. Selling Price

I'm considering puttin a decent amount down but can be talked into putting less down if it's in my financial favor to increase payments and decrease out of pocket initial cost.

However, with 5k down (plus license plates which is maybe 300 or so) I am at 377.68 (including tax) a month for 24 months.

I'm still comparison shopping and trying to get dealers to match the monthly lease with less down ...

One dealer said he'd bury my 3 payments on my current lease (which is about 1000) and said I could do 3800 OOP with 385 a month but I am waiting to make sure (waiting for a call back) that all these numbers include tax, etc and don't have other fees like acquisition, disposition, title, etc all extra ...

Feedback please, ladies and gentleman ... I'm willing to travel around if other dealers are good about burying 1000 in payments on a prior lease and offering enough incentive to deal with potentially having 2 cars under insurance for 2-3 months... I'm all ears for suggestions!

rajee

Hey Bob ... where are you getting this deal? I'm in NJ looking at a G35 coupe with Navigation and Premium Package...

Do you just ASK the dealer the money factor point blank? Because I don't know that # for the prices I've been quoted...

436 a month with only 1600 ish down seems good because I'm looking at 385 with 3800 ... that difference of 50 bucks for 24 months means 1200 less on payments for me but u are 2200 less on initial! (but I don't know if you have Nav)