Infiniti G37 Lease Questions

kingpcgeek

If the residual for 12k is 56% the 10k residual would be 58% (add 2%), the residual for 15k would be 55% (subtract 1%). Everything else in the calculation stays the same.

g35flooded

So my 07 lease is up and I am thinking about buying it out of the lease. This is the run down of my offer in 07...

07 AWD G Sedan...
Blue Slate with black interior.... Premium package with Sirus.

24 MONTH LEASE (10,000 MILES)
2700 DUE AT SIGNING (FEES, TAXES AND FIRST MONTH PAYMENT)
MSRP -37,465
INVOICE - 34,528
SELLING PRICE - 33,898
NY SALES TAX - 8.375
RESIDUAL - (BOOK) 67% (NET) 68%
MONEY FACTOR - .00169
MONTHLY PAYMENT - $450.00

The buy out is around $25,000. I only have 12,000 miles on it and I love this car a lot. I really do not want to lease anymore. I remember the dealer telling me not to buy it out of the lease when I got it because of the deal he gave me. Basically he said they werent making any money unless I bought it out of the lease which he told me not to do...

But if I give it back I have 2 options. 1 get a cheaper car since I want to save money or buy this out of the lease. Basically the buy out is 25000 so lets say i want to save money on my next lease and I get a accord.. The msrp will be around 25000 so i might as well buy my car since it has low mileage and runs great. I know I will be paying $4,000 over the MSRP of my car but its the same if I was to finance a new car for the same price....

Anyway, I just wanted to know what some of you guys thought. My lease is up soon so any info would be appreciated.

pharm30

i would buy it. If you love the car, you are going to regret paying similar money for a lesser car. I amost want my 06 coupe back, my 09 sedan isn't as fun to drive.

g35flooded

I feel you about the coupe. I had a 03 G35 coupe and I loved it... I bought it out of the lease and 3 days later it got totaled due to a flood in my area.... Yep.. GREAT LUCK!

I know it is fun to drive but it also got me into a bunch of tickets lol... I love my Sedan now... I don't miss the days of getting stuck in the snow and loosing control in the rain. I still have fun driving my 07 Sedan... But since I am a lot older than I was when I had my coupe I enjoy cruising more rather than speeding and going in and out of lanes...

I really think I am going to buy it... I have to go and see what the final price will be with the extra warranty and taxes.. Prob looking at 28-29 grand... Hopefully they can give me a deal but I dont think they can?

Any other opinions out there would be appreciated

smrtshpr

Picking up ordered car in couple of days. Checking numbers since IFS came out with summer special.
39 month lease
12K/miles/yr

.00141 - money factor
56% - residual

Thanks in advance.

pharm30

If you can afford a little more, get a 09. I got mine with premium and wheels for invoice ($34K) getting a new car with 4 year warranty. it's been over month since I got mine, maybe a better deal could be had?

buckeye_guy

Car_man --

Looking at a 39 month lease on a g37 sedan with premium. Two questions: (1) The leasing folks at the local Infiniti dealer quoted me a price of $520 and change (tax included). When I run the numbers they gave me on a lease calculator, though, I come up with a number more like $490 (tax included). This is a sign and drive lease. Any idea what gives? (I added in destination charge, $595 lease fee, etc., and still have discrepancy.)

(2) You mentioned that a good price for an Infiniti customer (I am turning in a G35 lease) on the G37 is invoice minus $1000. The best this dealer is willing to do is invoice plus $200. Do you know of folks doing the transaction at INV-$1000?

Thanks in advance. Really appreciate the information on this forum.

kingpcgeek

I leased a week ago for invoice, plus the $1000 loyalty cash, so invoice - $1000. The payment would have been $487 including 7.95% sales tax but I rolled $311 negative equity into the deal because I was given a less then honest amount for my trade. Also rolled in were $600 tags, $595 bank and $369 doc fee.

buckeye_guy

Thanks for the info! I guess I will press a little more and see if I can get them below invoice. Still need to figure out why their lease calculator gives a different number than mine.

sam_k

kingpcgeek is right. You need to add in the bank fee, doc fee and dmv fees if you're not paying those up front.

Also, if you're located in NY state, when you put the tax in the lease payment the edmunds.com lease calculator (or any other lease calculator) won't give you the correct payment amount. It's because NY state is an up front tax state (which is different from most states) so that affects the way the lease payment is calculated when you put the tax in the payment and most lease calculators simply add the sales tax amount to the payment at the end. I found the following discussion that gives the formula on how to calculate lease payments in NY state with tax in the payment.

http://www.leasecompare.com/lcforums/viewtopic.php?f=5&t=1830

Even when I used the formula in that discussion thread, I still couldn't calculate a payment amount to match Infiniti's number. My calculation was always $10 or $15 lower. I'm convinced there's a bug in the lease calculation system (and I work on I.T. systems at a commercial bank) but I have no way of proving it.

theproman23

So i've been looking at many cars over the past month or so and have test drove an Acura TSX, Audi A4, Nissan Maxima SV and an Infiniti G37X with the Prem package.

Suffice to say I really like the G37X a lot and have settled on it as the car to get.

I noticed a deal online advertised on the Infiniti website that offered a 39 month lease program where you would put down 4k and have a monthly payment of 379.

When I went to the dealer in Buffalo, NY, Autoplace Infiniti the salesman informed me that the actual down payment would have to be roughly 6200 (Down pmt + tax and other fees) in order to get the 379 a month. He also said that things are negotiable and I am not sure what MSRP he was using to calculate these payments. I asked him to calculate using 5000 down and he came back with payments of roughly $420 a month. Now what I am wondering is if I should wait to lease the car.

I am very new to the whole leasing thing so any and all suggestions on what I should do will be much appreciated. I feel like paying roughly 20 k (5k down, ~400 a month for 39 months) over the next 3 yrs for a car I have to return is a lot to lose without having any equity at the end.

kingpcgeek

First off ignore any and all lease advertisements, they are meaningless.

There is only one MSRP for a vehicle, the dealer can't change it. What he does change, and what you should be negotiating on instead of down payments and payment is the selling price. Right now you should be getting the car for around invoice.

One of the main reasons to lease a car is to put as little money as possible down. Unfortunately New York is one of the worst states to lease a vehicle in. In most states you pay sales tax every month on the monthly lease payment, in NY the tax is paid upfront. You can roll the tax into the lease payment, but now you are paying interest on taxes.

At most, at the time of signing the most you want to put down is first months payment, tags/license fees, Infiniti bank fee, dealer doc fee and taxes. You can choose to put down less if you want. You can even pay the first months payment and drive off.

You however do not want to put down anymore then the fees I listed. Here is a perfect explanation from leasecompare.com:

Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss.

For example, a customer once leased a Toyota 4Runner and put $3,000 down as a cap reduction. Five months later the vehicle was totaled in an accident. The client's insurance paid its portion of the lease payoff and Gap Insurance paid the balance. Our client walked away with only paying his insurance deductible but he did not get reimbursed for his initial down payment of $3,000. It was lost.

The moral of this true story is to put as little money down as possible,ideally no money down. Here are some other things to consider:

- Money down is taxable
- Take the money you would have put down and invest it
- Put your down payment in a savings account and use a portion each month to help make your lease payment

dalntgenius

What are the current money factor and residuals on a G37 coupe for 36/15k miles? Are the numbers any better for 39 months?

JayManCpa

I recently finalized a G37X(Prem&Navi) $600 Drive off and $525 a month tax included.
I paid invoice -1000(loyalty). I tried to be greedy and ask for another $250 off invoice.

I don't think I could have received a much better deal. The thing that helped me was learning to calculate my own lease. I never cared about MF,residual,ect. But it is important to be able to do your own numbers. Many dealers will try to take advantage of you. They are like wolves hunting for sheep if they see you don't know what you are doing. This is my second lease and I have learned a lot since the first one.

JayManCpa

For 39 mos and 15K the Residual is 55% and MF .001410

Your lease will be lower if you get 39 months. I thought 36 was better too but it has something to do with the extra few months.

dalntgenius

Holy cow!

Adding 3 months saved like $30 a month! THANKS!

JayManCpa

No problem.

I was pulled the trigger because I don't think the numbers will get much better. Originally I was going to wait until next month. I contacted six or seven dealers until I got a number I thought was fair.

theproman23

How did you manage to get your payments to 525?? What was the final price negotiated?

kingpcgeek

he said it already. invoice - $1000 lease loyalty cash

newjerseypha

I got the same deal in NJ 3 months ago ($525/month for 39 months on a G37X with prem and nav). Did you get 12K or 15K miles a year?

JayManCpa

I got 15,000 miles a year.

My lease calculator said I should be paying $520 but he wouldn't go any lower and neither would anyone else.how much did you pay to drive off? What dealership did you go to? I went to Infiniti of Denville

The loyalty really helped out.

newjerseypha

Fette in Clifton. Wish I would have checked the board before I finalized the deal as I only got 12k a year. My total drive off cost was $1600, which included first month. I believe the MSRP was about 41K with a sale price of 38K. One other difference, I did not receive the loyalty rebate as this is my first Infiniti.

JayManCpa

We have the exact same deal. I would have paid $1600 to drive off it not for the loyalty. Only difference is the miles.

wheedler123

I need to return my Infiniti lease. The inspector said I needed to replace one tire. Is it mandatory to match the exact brand? I can def match the right size and speed rating...but are the brands interchangeable (Bridgestone, Goodyear, Michellin, Contintental, etc)

kyfdx

I can't speak specifically to Infiniti, but on all of my leases, all four tires have to match (same make, model, size).

countdown1

Hello all,

I'm trying to back into LeaseGuide's numbers in Excel and so far have been unsuccessful. If anyone can spot the error/omission, it'd be greatly appreciated.

The assumptions are as follows-

MSRP $36,615
Base cap cost $34,444
Costs added to lease $0
Cap cost reductions $0
Adjusted Cap Cost $34,444
Residual Value factor 55%
Residual Value $20,138
Money Factor 0.00141
Term 39
Sales Tax 7%

LeaseGuide is giving me a monthly lease amount of-
Monthly Payment $444
Sales tax $31
Total Monthly Payment $475

I'm not seeing how it is arriving at $444.
PMT function based on a per period interest rate of (0.00141*2400/100/12), 39 months term, and present value of 34,444-20,138=14,306 is equal to $368.54.

Using goal seek, holding the above assumptions constant except for present value, it appears that LeaseGuide must be using a present value of $16,376 to calculate the monthly payment. Where are they getting this number :confuse: ?

Thanks in advance!!!

countdown1

Also, does anyone have the residual rate for 18k miles?

Thanks.

countdown1

I think I see what's going on here. Lease formula uses simple interest. My calculations are based on compound interest.

JayManCpa

I picked up my G37 today. It is a fine piece of equipment. A big step up from a Dodge Charger. For anyone in North Jersey who wants a good deal on an Infiniti contact Perry at Infiniti of Denville..

kingpcgeek

I don't believe there is a residual rate 18k. Anything over 15k you just have to prepay for at a discounted rate.

clif3

You need to apply the money factor (interest) to both the cap cost and the residual. That is why the money factor is half the typical interest rate (approximately). The payment is depreciation ((34,444-20,138)/39 = 367) + interest ((34,444+20,138)*.00141=77) which is 444.

bpc4me

Ok, so using the calculator on leaseguide.com as well as pricing info from edmunds, here is what I am seeing

MSRP: 37065
Base Cap Cost: 34172
Costs Added To Lease: 0
Cap Cost Reduction: 1000
Adjusted Cap Cost: 33172
Residual Value: 20386
Money Factor: .001410
Term (Months): 39
Sales tax %: 7%

Monthly Payment: $403.36 + Tax: $28.24 = $431.60

This is for a g37 Sedan w/ Premium option, 39 month / 15,000 mile lease.

Details
Base Cap Cost: 34172 = This is invoice price, honestly don't think I should pay anymore than this. Dealers still make money when selling at invoice.

Costs Added To Lease: 0 = This may be a stretch and please tell me if I am way off base here. Added costs include Title and registration fees which they usually want over $100 for. Don't they do it electronically or take multiple registrations to dmv at the same time. I feel this fee is greatly exaggerated. Dealer prep fee, usually what $500+ This involves mostly cleaning the car which they pay someone close to minimum wage and frankly that should just be part of doing business and not passed on to consumers. Now I know I am a little harsh here, flame on if you wish but in my 40 years on this planet I have purchased many cars and have certainly donated my fair share to the over payment fund.

Cap Cost Reduction: 1000 I am a current G35 lessee so I believe I get an additional $1000. This can be their down payment.

Residual Value: 20386 = used a 55% residual found on this forum for a 39 month lease in July

Money Factor: .001410 = found on this forum, please correct me if it is wrong

In all, I think this is a good deal and would readily sign. Please let me know what you think or what corrections / more realistic fees may be involved.

Thanks,
Paul

ix007

I have a 2 year lease with 12K miles/year. I am currently at month 11 and already slightly over 15K miles. Is there any way to renegotiate the lease terms and up my allowance? Or am I just out of luck and better off socking away the money now to pay for the penalty at the end of the lease? I hope to lease the G37 Convertible next year when this lease is up, so maybe they will take it easy on me? Any thoughts or suggestions would be welcomed.

JayManCpa

I had the same issue with my previous car. There was nothing I could do since I planned on switching from Dodge at the end of my lease. I knew I was going to be over and just saved money. I turned the car in on Saturday and owed about $1700.

You should be ok since you plan on staying with Infiniti.They may even let you out of your lease early and you probably won't have any mileage overage. If I would of stayed with Dodge I'm sure my hit wouldn't have been as bad. They are desperate to sell cars right now.

I picked up my G37 Saturday and the convertible looked sick. However, the dealer said it would run me about 900 a month to lease. I'm not sure whether he was joking or not...

sewellgsm

Start socking away the money. Probably .20 per mile (check your contract) - Infiniti will waive $500 if you buy/lease another Infiniti - so that will help some. Once you go past the 24k you signed up for it is going to cost you about $250 per month to drive on top of your payment. Check with your dealer - sometimes they have a "pull ahead" (they have one going on now) - that is when Infiniti will waive some payments and get you out early IF you buy/lease another new Infiniti. Good luck and start car pooling!

CarMan@Edmunds

Hey Buckeye. I'm not sure why the payment that you came up with is different than what the dealer quoted you. If you provide me with the MSRP, selling price, and mileage allowance of the car that you are interested in I would be happy to work up a payment on it for you.

$200 over dealer invoice is an excellent selling price for an '09 G37 Sedan if you are a non-returning Infiniti customer who doesn't qualify for the $1,000 loyalty cash. If you do qualify for the grand, then this quote is essentially $1,200 over invoice...which could probably be beaten in an area that has a decent level of competition.

Car_man
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CarMan@Edmunds

Hi dalntgenius. Here's the information that you're looking for. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2009 G37 Coupe with 15,000 miles per year are .00176 and 60%, respectively. The 39 month numbers are .00195 and 59%.

Car_man
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CarMan@Edmunds

Hi ix007. If it is apparent that you will significantly exceed your car's mileage allowance, it would be in your best interest to contact the bank that you are leasing it through (most likely Infiniti Financial Services) directly as soon as possible. I have seen many cases where banks will allow lessees who call them soon enough to purchase additional miles at a discount to what they would have to have paid as an excess mileage penalty at lease-end. There's no guarantee that IFS will be willing to work with you, but you don't have anything to lose by asking.

Car_man
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ethandane

what was your deal, was it with Nav?

JayManCpa

G37X Prem & Navi, 15K miles a year, 39 mos. I received 1,000 loyalty cash

$600 drive off and $525 a month. The car is very nice..

Tu

Wondering if this is possible:

VA (3.2% sales tax)
12k @ 36 months
$2k down
under $400 per month
2009 G37 Coupe

kingpcgeek

Nope, not even close.

If you were to get the usual journey coupe with premium/splash/mats you would be around $500 including taxes if the dealer sold you the car at invoice. That number is assuming you pay first months payment ($500), registration (?), doc fee(?) and bank fee($595) at drive off. It is not wise to put anymore down then that on a lease.

Remove the premium package and you are looking at around $470

Tu

Is this at invoice and buy rate? I was told some dealerships are going below invoice to move the remaining 2009 models.

kingpcgeek

As I said in my post "if the dealer sold you the car at invoice" To get the payment you want the dealer would have to sell it to you at $3,000 under invoice, which is not going to happen.

chiro444

Does anyone know if the $2500 cash back can be combined with the $379/month lease special Infiniti has going with $3999 down? I live in southern California.

kingpcgeek

Been asked and answered probably100 times on this forum, and that answer is no. It is not cash back, its dealer cash that the dealer can choose to pass on to someone buying (not leasing) the car. And when they buy they cannot take advantage of the special finance rates offered by Infiniti right now.

BTW do not put $4000 down on a lease.

princess24

I am in the process of trying to make a lease deal on a 2009 Infiniti G37x all wheel drive. I am just wondering if anyone can tell me if they have purchased this car and
if they recommend it. I have never owned an Infiniti and would like some feedback.
I am also wondering if I am getting the best deal I am working on G 37 x fully loaded for $ 41,500 I am trying to get then to throw in the rear spoiler for free as well.
Just wondering if anyone can tell me if this is a car they would recommend and if so if they think I am getting a good deal.

sewellgsm

I think everyone on this forum would recommend the vehicle. Infiniti makes a great vehicle and the G37 is awesome.

As for the price, we would need a few more details - is this a coupe or sedan? Fully loaded means a lot of things to a lot of people. If you looking for the best price then you take the $2500 dealer cash option along with the dealer discount, you should be around $4500-$5000 off MSRP. If you leasing, it is different as too if your taking the special rate in lieu of the $2500 dealer cash. Remember, financing and your trade-in (if you have one) are important factors as well.

bgk99

Have looked at both - Owned a G35 before my current TL - The reason why I switched 3 years ago was because the G35 didn't have touch screen and the TL did, now it's the other way around (weird) -

Have loved both cars here in Southern California - Been checking out both again and it seems the Infiniti has much better rates. Am I wrong?

36 month lease

0 down (except for tax and drive off)

Acura with Nav - Invoice 36,366 - 2,000 dealer = 34,366 - MF .00184 and 53% with 15K miles or 59% with 12K miles

Infiniti with Nav/Prem - Invoice 37,910 (dealer rebates???) = 37,910 - MF .00176 and 60% with 15K miles.

Honestly, I only drive 10K per year, but didn't see any MF or ResidVal for either vehicle with 10K

Also, what's with the acquisition fees? Why am I paying these????

Any help would be appreciated -

stevern

Hi Car_Man,

Can you please post the current numbers for an 09 G37x lease (using whatever is more attractive - 10 or 12k/year & 36 or 39 months)?

Thanks,
Steve