Infiniti G37 Lease Questions

ildarad0

I'm sorry i forgot to ask if I'm a an Nissan customer for past 39 month and going to Infiinti should i get a loyalty bonus $1000?

ashevy

Hello All,
First time blogger or post on any website...so, bare with my ignorance. However, I'm hoping to get some feedback. I'm coming out of a 08 G35 Lease with 16K miles on the car. Buy out is $25900. I'm being told IFS doesn't negotiate buyout prices...has anyone ever been told this? Or, are "ALL THINGS" negotiable?
Also, they are offering me a 09 Lease for $1700 down (total drive-off) and $450 a month (inc tax) for a Premium w/ Nav for 36 months. Has anyone gotten a better deal? And if so...with who.
As mentioned earlier...thanks in advance for your help and wisdom.

newtoleases

I am looking for some advice on these lease terms - they seem high to me. Would appreciate any guidance

G37 Sedan with navigation
Price: $39829
$3500 down
$468/month for 38 months on 12K/month

Some of the threads i've seen have the same monthly but seems like no down payment.

hollandog

Yes I'm paying $456 a month with 0 down excluding tax for a G37x sedan with nav.

Looks kind of high to me.

sewellgsm

IFS does not negotiate buyouts....remember because the residual was high when you signed the original lease - that is what helps give you low payments, so you can't have low payments then come to the end and expect them to lower the residual so you can buy it.

fordexcursion

My dealer is giving me a 60% residual and .00163 on a G37. Do these seem like in the ballpark figures?

Going by this residual, what is the residual in a money amount?

I'm figuring that a good place to start negotiating the price is at 33154 for a G37 w/Premium and Sport packages. Does this seem like good amount to start at?

smarty666

well if that is the case and IFS and NMAC won't negotiate to people then what is the purpose to leasing; not everyone wants to keep leasing every 3-4 years, some customers who really like the car, had no problems with the vehicle, paid all their payments on time, kept the car up/maintained, etc might want to buy the vehicle so why should we be punished because Infiniti and Nissan want to be money hungry to get the car back and try to sell it a second time as a used car and make even more money on the car and you would think that the way car sales have been that Infiniti and Nissan would want to negotiate it so that their isn't the chance they get the car back and then it sits on the used car lot for months on end when you have the original customer who wants to give you a sale by buying it out right at a slightly reduced price right at your doorstep then and there

thats fine Nissan and Infiniti don't want to negotiate but then it is totally outrageous to charge a disposition fee that none of your major competitors are charging to people who lease with their financing company so why should IFS and NMAC require it, bottom line is they shouldn't; if the buyout for the vehicle is to high then you want to charge a disposition fee for people who either A can't afford the buyout price or B had financial circumstances change who can no longer afford to lease another Infiniti or Nissan so they get punished by IFS and NMAC by either not buying out their current lease or who don't lease a new car with IFS or NMAC

in the end leasing is really becoming financially terrible to do every year that goes by; car companies want more money down, add illogical disposition fees, and won't negotiate the buyout at all

luckily when it comes to leasing, Infiniti's hold their value a lot better then Nissan's do which I now realize after the fact! what really is ridiculous is that my 2005 FX35 lease and buyout was lower then my Maxima's lease which is ridiculous considering the FX35 was a lot more money then my Maxima was on the window sticker, oh well!!; actually, I shouldn't complain about IFS, my FX35 lease was pretty good and the buyout was not bad either, I think just around msrp, it wasn't till I went down to Nissan that I got the old shaft from Nissan and NMAC on my lease and buyout; should have stayed with Infiniti but was just having too much trouble with the brakes and rotors to financially keep it!!

Honda/Acura and Toyota/Lexus don't have disposition fees, at least on their coupe and sedan leases, so I hope in time Nissan/Infiniti gets rid of it because it is a big disadvantage to leasing with Nissan/Infiniti compared to Honda/Acura and
Toyota/Lexus

sorry sewellgsm I don't mean to take it out on you, I know you don't make the policies for leasing at NMAC or IFS and your just basically the bearer of bad news so no personal attack on you, just had to vent because I have a terrible buyout on my current 2010 Maxima SV lease with NMAC that would cost me thousands over msrp to buy out at the end of the 3 years so I already know I'll have to return the car regardless of how well I like it, take care of it, or how problem free it is, because I couldn't financially afford to buy it out at what Nissan wants me to

gooddeal2

I don't know why you need to complain on something that you agree on. Leasing is a gamble. That's why I like to purchase rather than lease even though the lease payment (depreciation) can be cheaper. I like to get rid of the car on my own term rather than the lease term.

manwithaplan

I'm looking at a first offer from dealer of $647/month for G37 Convertible, MSRP $50,400, CC $46,600. 36mo, $0 out the door.

How low should I be aiming?

I would love to get it into the 400s a month, but I realize that may not be realistic. I have no doubt I can get it into the 500s.

I could also wait for any new incentives in December. Wise to wait, or get a lower payment and jump on this?

Car-Man? Care to weigh in?

sewellgsm

Here are a couple of things to keep in mind. Employees at IFS, NMAC, GMAC, etc. are not car dealers or salesman - they are not trained or equiped to negoiate values of vehicles nor do they have a lot that the lease turn in "sit on". They simply hire a trucker to pick up the vehicle and take them to the auction and sell them there, if a dealer wants to buy it before the trucker gets there to pick it up - they will generally give them a price a little higher than what they have been getting at the auction.

You can set your residual as low as you want, BUT the lower you set it, the higher your payment will be - so 99.9% of people who lease want their payments low so they set the residual as high as the bank will let them! So, you can't have low payments and then expect to buy the vehicle at a lower price than the residual was set in the contract that both parties signed.

The disposition fee - which just started with IFS - is to cover the cost of sending someone out to inspect the vehicle and the trucker to tow the vehicle to the auction - many have this and again it is set in the contract, so calculate that in before you decide to buy or lease.

For the most part, leasing is the way to go - generally financial planners never advise to own an asset that depreaciates in value - let the bank own them - let them take the loss. Many banks don't lease anymore because they were losing too much money. But, if you don't like the terms of a lease, buy it.

sewellgsm

Maybe a little late, but Nissan customers get $500 forgiveness on miles and damage if they lease an Infiniti and you get tax credits on the value of the residual towards your next lease; however, you do not get the loyalty.

sympl123

We ended our G35 lease at the end of september and are waiting to get back our MSD (multiple security deposit) from the IFS. So far we were unsuccessful. Every time we call another representative tells us the account is going to be released and the check will be sent in 3-5 bus days (which is obviously not true, as it has been going on for almost 2 months now). Getting a manager on the phone is simply impossible. We are starting to think of suing the IFS.
Question: did anyone else have these problems or are people generally getting their MSDs back expeditiously.
For any new leasers out there considering this option - something to be aware of...

kingpcgeek

generally financial planners never advise to own an asset that depreciates in value
You mean like my house

sewellgsm

House supposed to go up...at least you can wait it out....

goldstein81

Just took deliver of my 2009 G37X today. Looking for someone to partner up with. Email me: pocketdueces81@yahoo.com if you are interested

jkenney1

Quick question for Car Man...

Could you give me the residual and money factor for both a g37 journey coupe, and sedan, for 36 months, for both 10,000 and 12,000 miles per year?

I also saw that there is a $2500 incentive on the sedan, and a $4000 (2500 +1500) incentive on the coupe right now. Is invoice minus these incentives a good target at the moment on these cars as far as pricing goes?

Thanks in advance

kshankar

Carman,
Can you please give me residuals and money factor for 36 month lease on a 2009 G37 sedan with premium package for 12K and 15K miles per year.
Thanks

awd250

what dealership? how many months/miles and what was total out of pocket?

domain311

Posted this in the other forum and just realized this was here...

Am interested in leasing the G37 with sport, premium and nav and tried finding one today. The closest they could come to what I wanted was the G37x with those options (I was leaning towards rwd).

Anyhow, the price what I was quoted is below for an 09G37X sport, premium and nav:

$2,600.00 (which includes tax) due at signing, plus plates. $459.00 a month 39months 10k miles.

I'm waiting for a reply to see what the actual price was that they were going by for coming up with this price...so I can see where I am at. Now this pricing I was given was with absolutely no negotiating as of yet.

Not in a rush so may just wait for the 2010 and do it in Feb/March, but it seems like they are putting some nice deals out there for the 09s so I'm still deciding...

In the past I have always owned....never leased before so trying to learn what I can...any input is appreciated.

digger71az

Looking at a:

2009 G37 Coupe with Prem and Nav
15k miles
56% residual
.00161 money factor

Does that sound correct?
Should I expect to get cap cost below invoice?

Thanks!!

hollandog

http://www.ridewithg.com/index.php/category/leasing-101/

here has very good information on lease.
it's a good read for first timer.

sewellgsm

Infiniti has given the dealers $1000 "Holiday Cash" that can be used with a lease; however, they dropped the $1000 Loyalty Rebate for current owners. So, if you have an Infiniti now - it is a wash - if you don't own an Infiniti - your possible payment just got about $30 better!

valueguy

Sewell,

How much does Infiniti charge to purchase an additional 5,000 miles at the start of a leas (at the signing, up front)? 12 cents a mile?

What kind of fees can I expect? Acquisition fee? Deposit? What is the lease termination fee?

Did the MF or Residual change for December on the 2009 Journey Sedan?

I appreciate your posts and if I lived in the Dallas area you would be my salesperson.

kshankar

SewellGSM,
Can you let me know what the interest rate is for CPO cars for 72 months with Tier 1 credit?
Thanks

sewellgsm

valueguy

10 cents a mile up front....besides TTL (and Texas has sales tax credits right now - save 5% = don't pay 6.25% sales tax but pay a 1.25% L&M fee to the company who administers the tax credits) + $595 acquisiton fee, no deposit IF you have good credit, termination fee is $350 but paid at end of lease if you don't get another Infiniti, no change on residuals or MFs....we did get $1000 Holiday Cash that can be used with a lease (dropped the Loyalty rebate).

sewellgsm

CPO rates only go up to 60 months.

3.9% for 2005-7 G35 coupe, sedan, and M's and 2005-08 FX's.

sluurrpee

Hi Car_man,

Can you please provide the MF and residual % for December on a 2009 G37x Base Sedan for the terms below?

36 month/36k miles
39 month/36k miles

Thanks!

sluurrpee

Hi Car_man,

Can you confirm that the $2,500 Manufacturer to Dealer cash is available with the lease through IFS?

Thanks!

sewellgsm

The $2500 is not available on a lease, the $1000 Holiday Cash is.

texas2685

3rd Infiniti lease and want to make sure the following is as good a deal as I should be receiving:

G37 Sedan Journey AT - Premium and Navigation Pkgs + misc. with 15K/yr

MSRP: $39,745
Cap Cost: 36,851
MF: .00122 - 36 mo, with 52% residual
or .00142 - 39 mo, with 53% residual
No down pmt
Acq: $595
Reg/Doc: $275
Lease pmt including tax $534 for 36-mo and $520 for 39-mo

I'd greatly appreciate any input on the CC and MF/Residual. Should I be able to beat this deal?

Thanks much!

ildarad0

Hello,

honestly i do not think this is a good deal.
usually sedan is cheaper then coupe correct.
So my deal for coupe in NYC:
G37 Coupe $489 a month taxes included.
Premium + Navigation + free oil change for 36th month + tint on dealers expense.
no down payment, $1400 out of pocket including first month.
10K 36th month term.

my opinion your price should be 450 including taxes or better.

texas2685

Thanks for the great input! How much difference does it make that this deal would be for 15K and no out of pocket except first month?

jaytee1220

Hi Guys,

I'm from northern New Jersey, and I'm new to the forums. I just wanted your opinion on the lease quote I got today for a 2009 G37x coupe with premium package.
MSRP: $42,575
Cost: $34,988 (probably including the incentives)
Out of pocket: $2,000
Monthly: $525 - 550 for 39 months and 15k per year

The sales person did not give me a residual and money factor, but this monthly payment seems really high. Would the money factor and residual be similar to Texas2685's post above: .00142 - 39 mo, with 53% residual. I was expecting around $425 - $450 range for the monthly payment. What do you guys think? Was my expectation correct? Thanks.

nyca2000

That does not seem like a very good deal at all!. What is the invoice price for the car?
$430-$440/month would be a good deal for the 39month lease.

nyca2000

That seems too high. I hear Infiniti is offering a $1000 incentive in Dec. that's good towards the lease as well so you should expect a monthly of $425-$450 for the 39month lease.

I live in the NY/NJ area as well and signed a lease deal in late Nov so have some current experience dealing with them. Not all dealers in the area are very open about the financing aspect of the lease deal and try to get you on the financing. They should be providing you all the details like MF, Residual, taxes and fees for the lease. If they refuse or obfuscate just walk out. There are dealers in the area who are very open and will provide you with the details....

texas2685

MSRP is $39,755, and the residual he calculated is actually 52%, not 53. In addition, I realize Infiniti announced tax credits on G37s (instead of loyalty $), plus I have discovered tier 0/1 published MF is .00113 (not .00142) on the 39-mo. In Texas, the tax credit should really help monthly pmts even more than in some states, as we're charged tax upfront on the total vehicle price, not just each month on the monthly pmt! (Ah, the price for living in a state without an income tax - they get you one way or another!) So, it seems I need the .00113 MF, the 53% MF, and a cap cost reduction of $2K to get where y'all say I should be - BIG DIFFERENCE!

This dealer I'm giving info from is the same one I leased an FX from last time, and according to the Edmonds forum, at the time, gave me a very competitive deal. So, I don't understand why he's so far off this time! Also, believe it or not, my local dealer (who has a "one price shopping" game due to no competition) quoted even higher than this for the same deal! With this being for 15K and no down, do you (and others) still believe I should be in the $430 - $440 range?

Thanks to the help y'all have provided, I've gone back to the dealer and requested he re-work the numbers and come up with a "significantly better deal". Otherwise I'll need to start over with other dealers. Any suggestions in Texas? I have no problem travelling to get a reasonable price!

Thanks much for any and all advice!

jaytee1220

Hey Guys,

What is the December money factor and residual for a 2009 G37x Coupe w/ premium package for a 39 month/ 15k lease? I am from the northern New Jersey area (not sure if that makes a difference). According to edmunds:

MSRP: $42,565
Invoice: $39,209
TMV Price: $36,604

What should I expect as the final price for this vehicle? Also, I saw that there is a $3,000 and $1,500 credit. Can I use both these credits for a lease to further lower the final price? I would appreciate feedback so I can try to calculate the payments and compare it to dealer quotes. Thanks

jaytee1220

What kind of Infiniti did you lease? Can you tell me some of the details of your lease so I know what to expect? Thanks.

jaytee1220

Hey Guys,

I received this quote for a G37x w/ premium package. What do you guys think? I'm not sure if the sale price includes the incentive credits, but I think the sale price should be less than this.

MSRP: $42,625
Sale price of lease: $38,995
Money-factor: .00191
Residual: 59%
Bank fee: $595
Documentation fee: $349
Motor vehicle(estimated): $415
Tire tax: $7.50
Disposition fee: $350
Gap coverage is included.
Tax up front/ Payment = $480 per month / 39 month lease term / 15K miles
It can also be put in the monthly investment.
Tax is on the monthly payment only, not on the entire amount of the vehicle.

carexpert08

hey if you want you can email me... for that price you can get the car with navi. Let me know if your interested. i am connected to lease so email me vercetti0@gmail.com

sewellgsm

Texas2685 - I ran numbers on a G37 sedan - MSRP of $39,755 for 39 months at 15k year with $800 out of pocket to pay for 1st payment and title/license. I came up with $511 a month for 38 more months. This is using Texas taxes, so I think your original offer is pretty good at lease in the ballpark, I used .00142 as the money factor and the 52% residual that is for the 39 month. Hope this helps.

texas2685

Thanks much. The monthly figure does appear accurate for the given terms; however, I'm concerned about the following:

1. Others receiving much more off of MSRP
2. The money factor being higher than the IFS published rate
3. The current availability of holiday cash and tax credits

I'd certainly appreciate hearing your thoughts about these issues!

Also, can you tell me if the residual % negotiable?

Thanks again for your comments!

valueguy

Sewell,

I live in a state with only a monthly sales tax. We pay 6.5% on the monthly lease amount. Or, we can pay the entire sales tax of 6.5% on the lease portion up front.

Does Infiniti cover any of my sales tax? Would Infiniti reduce my sales tax to a lower figure?

My dealer wants to lease me a Journey G37 sedan. I have been offered Invoice minus holiday cash. MF .00113 Residual 53% on a 36 month/15K per year lease.
So far, no offer of any "tax credit."

Krovopiytza

Hey Guys,

I just got this quote below and wondering if I can do better?

09 G37x sedan w/ Premium & Navi
lease for 39 month with 12k / year

MSRP: 41,380
Sale price: $36,533
Residual: 55%
Money Factor: 0.00125

$454 per month including tax with $1,534 due at signing.

Thanks.

valueguy

Good deal. There isn't a whole lot of profit for the dealer; my guess is the dealership is making no more than $800-$1,000 on your lease.

iveybound

looks very good, they must be stocked with them and are trying to unload them

goparaju

Hi,

Just got a lease quote from a dealer. G37X coupe AWD + premium + navigation
MSRP= 45155
Invoice = 41200
MF = 0.0021
term = 39 months / 12K
Initial payment not downpayment = 2600 ( includes Tax + title + first montly payment + Acquisition fees = 595).

monthly payment = 500.

Is this even close to a good deal or is it too much. Please advice. I am more confused about things than my lease quote I guess

I asked the dealer about the lease incentives and he says they are only available for purchasing. But this website clearly says lease incentive
http://autos.aol.com/new-car-incentives/infiniti
To make sure I called the Infiniti customer alliance (or assurance) folks.
They said they are not aware of any such lease incentive. Only thing they know is
http://www.infinitiusa.com/current-offers/index.html?vehicle=g_coupe I am confused here

I started negotiating the capcost with the dealer to around 2000$ less than invoice which gets the monthly payments to somewhere around 470$. After bargaing with him he decided 500 per month and hence I don't have an exact net cap cost. Though its always said don't bargain on payments the dealer wouldn't let me do otherwise.

0.0021 MF seems more to me compared to others in this forum. The residual quoted to me is also different than this post.
http://townhall-talk.edmunds.com/direct/view/.ef9da24/4671#MSG4671

Though this is for Nov, i don't expect a huge change for Dec. but it's way off than my number. I don't know think dealer can manipulate these things to add to his profit margin.

Thanks in advance.

Adi

eugeney

What exactly dealership gave you this deal?

jaytee1220

Can some people give me their opinion on the quote I received for a G37x Coupe with Premium Package?

MSRP: $42,625
Sale price of lease: $38,201 (includes $1,500 lease incentive)
39 months/ 17,500 mi.:
Money-factor = .00191
Residual = 59% (plus an addition $812 ($.10 per mi.) deduction from residual
b/c of 17,500 mi.)
Fees: $1,887.28 (includes 1st month payment)
Bank fee: $595
Documentation fee: $349
Motor vehicle (estimated): $415
Tire tax: $7.50
Monthly investment with tax: $520.78 (7% addition) w/out tax is $482.84
Disposition fee: $350 (paid at the end of the lease)

mno

MSRP of $37,605, selling price of $34,209 and MF is .00113, res value is 54%. What would the monthly payment be 0 down payment.