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Comments
One issue folks are having is that many dealers are installing a slightly different spoiler than the one that comes from the factory - I have heard. So you have to watch for that. The cost is hard to say since it includes the labor to install, but I would say $400 should be in the ballpark.
Almost never are dealer installed options included in the residual amount, so you have pay for it all and then give it to Infiniti when you turn the car in.
For the amount of money you would save you could pay for a pretty decent length car haul. So if you find a dealer that will give you a nice price, you could pay them to swap cars or haul one in with the factory spoiler on it. You could also just order what you want, but you would have to wait 3 months or so.
Dennis
It doesn't state the money factor, but i've got pretty solid credit (mid 700s). I got got totally ripped off on my last deal (paid $550/month for a base saab 93 lease) but that was before I found people like you guys. Any help would be very much appreciated.
The deal i was offered on the last day of Feb:
cap cost: 38,600
AMO: 0 (?)
Total cap: 38,600
Cap Reduction: 0
Net Cap: 38,600
resid 70%: 27,632.50
total dep: 10,967.50
Dep: 456.98
rent: 97.36
sub: 554.34
tax: 33.26
PMT: 587.60
pro-rata: 0 (??)
cap reduction: 0
service cont: 0 (???)
doc fee: 180
tax: 46.50
license fees: 23.00
advance pmts: 587.60
security deposit: 0
bank fee: 595.00
total drive off: 1,432.10
less net trade: 0
cash due on delivery: 1,432.10
I've been talking to the dealer for about 3 weeks now, he sent me the following update a couple weeks ago:
Jason.
The new programs came out today.
We save you another $10.00 per month off your monthly payment providing Adam can still get you qualified for the reduced interest rate on the lease. It should not be a problem, but he wont even submit the request until he is sure we have a deal.
Please let me know.
Thanks,
Walt
Dennis
I have also posted the Feb and March lease rates here as well.
Get the current break down of the deal from the dealer as ask them for the money factor in addition to everything else. Compare the MF you get to the lease buy rate I posted AND run the lease numbers through a lease calc online and make sure they match.
Keep in mind there is a $500 conquest cash / loyalty cash on the sedans right now so your VPP price should be about $300 over invoice - $500 = $200 under invoice. Also many folks here are saying they can get below VPP pricing just by doing some negotiating among several dealers. So while VPP is nice and simple (usually) at this time it may not net you the best possible price.
Dennis
97.36 / (38,600.00+27,632.50) = .00147. That is 0.00005 worse than what dwynne had posted, which would cost you a whopping $3.31 extra per month in interest.
Dennis
The details I have posted were from the offer in February, and as he stated his finance guy "won't work them through again unless he's sure we have a deal" (annoying dealer speak I assume).
He did offer me this afternoon via email:
$552.00 @ month with starts due at signing ($1483)
Do we have a good range on what the payments/down payment should be for a 24 month lease? I don't mind paying the dealer enough so he makes his money, but I'm just still bent for paying the last one $2,500 just because him (and the 4 finance/salesmen) wore me down.
Again, I can't thank you all enough for sharing your knowledge and opinions here.
Bargain down the price of the car. You can check online many places to get invoices, you can see the $500 customer cash here on Edmunds. You goal is to be at or below invoice as shown online for the car + destination + dealer doc/prep fee - $500 customer cash. At invoice the dealer still makes $500 profit and 100% of hold back, anything less you can get them to agree to is better - lower payments for you and less profit for the dealer. Just make sure the quotes from various dealers include the car, destination, and any dealer doc/prep fees. Work with as many dealers as you can to get the best price. Once you have something you can live with, then worry about the lease numbers and payment amount.
You plug your low price, the lease buy rate (posted here each month) and the residual (also posted here) into a lease calculator and figure out the payment for yourself. Add in the $595 bank fee or decide to pay it at signing. Learn how your tax works in your state - most states tax the payment only (and the cap cost reduction - money paid up front to reduce the cost of the lease, like a down payment) . If you know how to figure everything yourself you can save hundreds if not thousands of dollars on a car lease or loan - as everyone knows there are dealers out there that will take advantage of every customer that can't catch them at it.
Dennis
So the numbers (39 month/15k):
Selling price (including $100 processing fee, not incl. rebate) $35078
Selling Price including $595 Acq. fee $35,673
Residual (59%) $22,670.75
Money Factor (after max 9 MSD : .00182 - .0009) .00092 (2.21%)
Base Monthly Payment $387.07
PA 9% lease tax $34.84
Total Monthly payment $421.91
Due at signing:
9 (Refundable) Multiple Security Deposits (@$450 each) $4050
First Month Payment $421.91
License Fees (MD Temp tag, PA title fees, license, etc) $246.50
Subtotal $4718.41
Less: Rebate ($500)
Total Due $4218.41
The one way rental car is in the driveway (I live about 200 miles from dealership; closest is 115 miles away in Pittsburgh where there is no competition and no deals to be had - I tried). I'm picking up tomorrow, so I will post if there are any last minute surprises.
I appreciate the risk associated with the MSD program, but it lowers my payment $56 pre month, or about $2200 across the course of the lease. This is about a 16% return, according to my calculations (Save $656 per year for tying up $4050). I think this is worth the risk - I live in a rural area where car theft is not a huge issue, and hopefully I can avoid a severe accident that would total the car.
Thank you to everyone for the helpful posts, especially to Dennis and the wealth of knowledge he shares. I loved the car when I drove it, and I'm sure it will be a good ride. I settled on red because I thought it was pretty sharp, particularly with the sport package (which adds a lot to the appearance of the car, in my opinion.), although red does not appear to be a very popular color, by the number on the lots of the various dealers
Again, so long as there are no last minute surprises, I highly endorse JBA Infiniti. We were dealing on a silver car on their lot, and when I said I preferred red, they agreed to go about 120 miles to get the car I wanted based on the same numbers. Although I have been asking many questions to clarify/check their numbers, they have been very patient. Good luck to others in their deals. It appears the DC/Baltimore market is very competitive on price.
Brian
80270 Platinum Graphite / Stone Trunk Cargo Net
Premium Package
Sport Package
Trunk Mat with Logo
Navigation Package $39,375
498.00+tax
0 down.
I am completing a 2 year lease with Infiniti so I get the 500 incentive.
Still not sure if this is good.
Feedback wanted.
Thanks
Anyway, for GS350, G35, and CTS, could you please provide:
(1) Target deal relative to invoice+destination (and any rebate)
(2) If buy, available finance rates
(3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually
Any better MF or interest rate for multiple security deposits?
Thank you for this information. I'll also put on other forums, in case you guys see that first.
Thank you!
Here are the lease numbers on the G35;
The 36 month and the 39 month lease are about the same. That being said the M.S.R.P would be $35,925.00, the VPP price would be $33,278.28 plus $200.00 for window tint and wheel locks that is on this particular car. The residual would be 61% on 36 months versus 60% on a 39 month term.
To get you to a monthly payment of $402.94 per month would require a down payment of 2,160.86 minus the $500.00 Conquest money from Infiniti; thus your net amount down would be $1,660.86.
Your first month’s payment of $402.94 plus your license, state inspection and registration fees are all included in your $1,660.86 down.
The money factor on 36 months is.00178 as opposed to the 39 month rate of 0.00200.
The monthly payment on the 39 month lease will be $400.00 per month with the same down payment as the 36 month term.
Everything else on the 39 month lease, other than the residual will be the same as the 36 month lease. The residual on 39 months is 60%
M
I was quoted the following on a G37 with Premium, Nav, Splash Guards, and Trunk Mat. MSRP of $42,285, Invoice of $38,550, using a residual of 76%(12k miles), MF of .00209 (not .00195, like I saw posted here), for 24 months.
The tax rate here in TN is 7%, and the selling price was quoted as $39,350 ($800 over invoice which includes Tax, Title, and fees).
With $628 down, the monthly payment would be $511.
First, does this seem like a good price?
Second, using the http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=lease_calc lease calculator, I keep getting a payment of $572, http://www.leasewizard.com/calculator/calcie.cfm?id=105&CFID=69759427&CFTOKEN=13- 139575 gives me $453 - what am I doing wrong? I wasn't sure where the $800 in fees and the $628 down were supposed to plug in.
Thanks for any help!
P.S. The salesman at the dealership remembered you, DWynne
I have been given an offer from Infiniti in Santa Monica. CA at invoice Plus the 500 rebate. For a 12K Miles 36 month lease with credit somewhat good what kind of Payments am I looking at. I would like for a 1500 Drive Off
Black Obsidian
Premium Package
Infiniti Navigation Package
Wood Trim Package
Trunk Cargo Net
Total with Options
MSRP $38,175
Selling Price $34,866 - 500 rebate
Blue Slate
Premium Package
Infiniti Navigation Package
Wood Trim Package
Painted Splash Guards
Trunk Cargo Net
Total with Options
MSRP $38,325
Selling Price $34,980 - 500 rebate
First, I find it easier to just use a spreadsheet to calculate the payment. Do you have access to any software that has a spreadsheet?
=((B3-B4) / B7) + ((B3+B4) * B9)
is the formula for a lease payment where B3 = your price (net cap cost), B4 = residual, B7 = term in months and B9 = the money factor.
If I just plug in your selling price, residual, term, and MF I come up with $449.97
per month w/o tax and $481.46 per month with 7% sales tax. That is without figuring in the $595 bank fee or the $80 or so in local taxes or any tag fees. It looks like your amount due at signing may include the first month and local taxes and tags, so if I roll the $595 into the lease calc I get $509.32 per month including tax - so pretty close to what the dealer figures. You can get this same number from the leasewizard calculator (from your link) if you raise the selling price of the car by $595 to account for the bank fee and make the down payment $0. You are not paying anything "down" to lower the price of the car, you are paying first month and TTL type stuff. If you do that, their number is the same as mine.
If the lease buy rate IS 0.00195 and the dealer is marking it up for extra profit, you could save $10.80 per month (including tax) and $259.13 over the life of the lease if you paid the buy rate.
Feel free to contact me directly if you need to, my e-mail address is in my profile.
Dennis
Okay, The MSRP for 2008 G37,6MT, Black/Graphite, premium package, navigation package and illuminated kick plates is $42,575. The offer we can give you is $39,130.19 for a savings of $3444.81.
I based $5,000 down on both lease and finance:
$5,000 down, lease at 42 months, 15k miles per year=$392.00 plus tax per month(I'm thinking Seattle is 9.1%=$426.00
$5,000 down, finance 2.9% at 60 months, $682.00 per month. Your bank might be able to offer you a really low interest rate at 72 or 84 months if you choose to lower your payment and extend your term.
if you come down here, I'll give you your choice of all-weather Infiniti floor mats ($100.00 value)or a coupon book with 2 free oil changes and discounts off detail services, parts, etc..
is this a good deal? ok deal? bad deal? THANKS GUYS
And o yeah, should i opt for the tech package (what should i expect from that? Do i really need it?)
G35X Premium Package, Navigation, mud guards
MSRP: $39,665
Base Cap Cost: $35,751 = (Invoice of $36,251 - $500 Infiniti conquest cash)
Costs added to lease: $2881 = $595 acquisition fee + 1587 tax (In VA so tax on whole thing) + 595 title, doc fees, etc.
Adjusted Cap: $38,632
Residual: $28,162
Money Factor: .00144
Term: 24 months @ 12K miles a year
Monthly Payment $532.43 with only first payment at signing.
Hope i was Helpful.. :shades:
For a sedan lessee there is the $500 conquest cash / loyalty cash. For both sedan the coupe lessees the current payments work out to the lowest they have been since I started tracking them last June.
Sure, they could be even better later - but for folks who want to lease a G now is a really good time to be doing it.
Dennis
At any rate, when I picked up the car on Friday, the dealer had a post-msrp car that they had obtained from another dealer. Nonetheless, they honored the prior deal we made on the lower priced car, and also agreed that they had double charged me the processing fee.
As a result, my final numbers were a gross cap cost including $100 processing fee, excluding acq. fee of $35,078. I wrote a check for $4118.41 ($100 less than indicated in prior post for double charge on processing fee), of which $4050 is a refundable Security Deposit under the MSD program. Final monthly payments are $422, including PA 9% lease tax.
Incidentally, I read the language in the lease contract to say that, as long as I honor my obligations under the lease (make payments, keep vehicle properly insured, etc.), the multiple security deposits are refundable in the event of the theft of the car or if the car is totaled. The lease language says that they will accept the insurance company payment as a final payoff. This was also what the finance guy said at the dealership, for what it is worth (probably nothing).
I had a very positive experience at JBA Infiniti in Ellicott City, MD, outside of Baltimore. Salesman said they are looking to make some deals this month, and get their new car sales up for the month. I highly recommend that anybody in the DC/Baltimore, or even Philadelphia of New Jersey market contact them. As I said previously, I ignored their quote at first because it came in quite low with a caveat that freight and processing fee were additional, so I thought they were looking to play games with the numbers, and in particular, mark up the financing. I established that I knew how leasing worked, and confirmed that they would use standard money factors, etc. in a lease, and they were very easy to work with, and even acknowledged that I was being double charged the processing fee when called on it.
Brian
-Chuck
I have a NJ based IFS lease ending in July on an 05 G35x that has a higher blue book then residual left. I understand I could purchase the car outright and then sell it privately and maybe make some money but that's a big hassle so I was hoping to use that paper value for bargaining on a new lease for a g35x. Can that be done and any suggestions how
Thanks for your time
What you can do is see if you can get a dealer to buy the car from the lease bank and pay you the profit (or apply it to your new deal). IFS lease residuals are usually artificially high, so I am surprised that you think the real trade value will be more than the buy out price by enough to make it worth the trouble. I would be betting it will not be. Keep in mind what a dealer wants to give you is AUCTION money which is a good bit less than trade value. If they can go to the auction and buy Gs all day for $15k they will not give you much more for yours. If you deal the price down to invoice on the new car, then there is little chance they will give you more than auction value for your trade.
You can run it by Carmax and AutoNation and see how much they offer, that will give you a ballpark figure. Dealers will normally beat those offers for several hundred or as much as $1k.
Start working deals before your lease is up, you should be able to get a new x for invoice to $500 over. Then see how much they will give you for your G and try to talk them up over the buy out price. Try several dealers. If you don't have any luck, they you may just have to turn it in and start fresh.
Dennis
Base MSRP* $34,350.00
Exterior Color
Blue Slate
Interior Color and Trim
Graphite Leather/Washi Aluminum
Packages and Options
Premium Package $2,300.00
Sport Package incl
Navigation Package $2,150.00
Configured MSRP* $38,800.00
Destination and Handling $715.00
Total MSRP* $39,515.00
Same here
Dennis
Looked at G37 so far deal is terrible but they seem willing to negotiate. They have offered to pay the remaining payments on my M-B (which is more than the G37 of course.). I have plans to meet with another dealer who has made the same suggestion after I said I would come in for a look in about a month. My question is- why would they do this unless they were making up the loss (about $1200) elsewhere in the lease? And why should I even consider this rather than let the current lease run out?
Alan
If the dealer actually wanted your current car (and they may) and it was worth more to them than the current lease buy out price, then they could pay it off so they could sell it as a used car and not add any negative equity to your new deal. If was really worth a lot more than trade value you could even realize some "profit" (as a cap cost reduction on your new deal).
Dennis
Thanks much,
Ken
Besides Kirkland, where is the other dealer?
I'm planning on either the 39 or 36 mo lease with 1500 down. (I'm also a recent graduate, so hoping they will give me some sort of benefit for future loyalty.) What do you guys think a good monthlyl lease payment would be? ill be going to the dealer next week, but i want to have an idea of what my goal shouls be. If its way over 400/mo i probably will need to look for another car since I really dont want to downpay much for a lease. thanks in advance
G35x
Nav
Prem
15k/miles
Sale price: 36789
36 Month, 12k miles/yr - Residual 61% of MSRP - .00178 Base Rate
2008 Infiniti G37 Base
36 Month, 12k miles/yr - Residual 63% of MSRP - .00186 Base Rate
2008 Infiniti G37 Journey
36 Month, 12k miles/yr - Residual 61% of MSRP - .00186 Base Rate
Posted at : http://ridewithg.blogspot.com/2008/04/08-infiniti-g37g35-lease-rates-for.html
Anyone find better rates than that?
Is this a good lease price?
36mo $460 inc tax, 2k down inc driveoff, 15k miles
2008 Infiniti G35 Base Sedan
24 Month – Residual 71% of MSRP – .00162 Base Rate
36 Month – Residual 61% of MSRP – .00178 Base Rate
48 Month – Residual 49% of MSRP – .00187 Base Rate
60 Month – Residual 40% of MSRP – .00194 Base Rate
2008 Infiniti G35 Journey Sedan
24 Month – Residual 70% of MSRP – .00162 Base Rate
36 Month – Residual 60% of MSRP – .00178 Base Rate
48 Month – Residual 47% of MSRP – .00187 Base Rate
60 Month – Residual 38% of MSRP – .00194 Base Rate
2008 Infiniti G35 Sport Sedan
24 Month – Residual 68% of MSRP – .00162 Base Rate
36 Month – Residual 58% of MSRP – .00178 Base Rate
48 Month – Residual 46% of MSRP – .00187 Base Rate
60 Month – Residual 37% of MSRP – .00194 Base Rate
2008 Infiniti G35 X Sedan
24 Month – Residual 70% of MSRP – .00142 Base Rate
36 Month – Residual 60% of MSRP – .00160 Base Rate
48 Month – Residual 49% of MSRP – .00194 Base Rate
60 Month – Residual 38% of MSRP – .00194 Base Rate
2008 Infiniti G37 Coupe
24 Month – Residual 73% of MSRP – .00194 Base Rate
36 Month – Residual 62% of MSRP – .00186 Base Rate
48 Month – Residual 51% of MSRP – .00194 Base Rate
60 Month – Residual 44% of MSRP – .00194 Base Rate
2008 Infiniti G37 Journey Coupe
24 Month – Residual 71% of MSRP – .00194 Base Rate
36 Month – Residual 60% of MSRP – .00186 Base Rate
48 Month – Residual 50% of MSRP – .00194 Base Rate
60 Month – Residual 43% of MSRP – .00194 Base Rate
2008 Infiniti G37 Sport Coupe
24 Month – Residual 72% of MSRP – .00194 Base Rate
36 Month – Residual 61% of MSRP – .00186 Base Rate
48 Month – Residual 51% of MSRP – .00194 Base Rate
60 Month – Residual 43% of MSRP – .00194 Base Rate
These rates are for top tier lessees (IFS tier 0 or tier 1) and are for 15k miles per year. Add 1% to the residual for 12k per mile leases and 2% to the residual for 10k per mile leases. Note that 24 month / 10k mile leases are no longer available.
Dennis
Is this a good lease price?
36mo $460 inc tax, 2k down inc driveoff, 15k miles