Any leasing expert will tell you do not do a cap cost reduction. You risk losing some or all of your cap reduction as soon as your drive off the lot if your car is totaled or stolen. Insurance companies only pay for the market value of a lost or stolen car, and the depreciation starts as soon as the tires hit the road with you behind the wheel.
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account like INGDirect. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Infiniti of Manhattan is claiming they're a factory direct dealer, and as such, can offer better prices than anyone else. of course this pricing cannot be promoted or conveyed via email or phone (b/c of all the complaints from competitive dealers). never heard of such a thing. any truth in this? or just a scam to get me in the showroom?
I would say scam. I think all dealers pay the same price for the cars - but they DO get different bonus or incentives based on volume or making their quota.
You could go see, but I usually don't bother with dealers that will not give me a full and complete (and firm) price over the phone or e-mail.
Like those "we will beat any price by $500" or whatever claims. When you try to collect there is always some way they will weasel out of the deal. Better to just play your best deals against each other and then only visit one dealer once you have the price you want.
24/12k MSRP: $36,720 INV: $33,742 - saw invoice. PURCHASE: $33,492!! MF: .00147 RES: 69% MP: $395 Total at sign: $2,250 ( wanted $3,500 when I came in) Tax, first payment, acq fee.. Plus I got a $500 wear and damage.
I am happy heh.
re: Manhattan Infiniti - they told me the same thing!
Wooo hooo! Congrats You're welcome! Happy that I was able to help you along the way. Never actually helped someone "on the fly" before. Haahaa, very interesting experience. I'm glad you're happy with the deal. Not only did you pay $250 less up front, you also kept your payments under $400. NICE! Looking forward to the pics! Happy motoring!! G
That's a bunch of crap. They want you there because they can take advantage of you. Most people will not have access to online info when negotiating at a dealership, so it's to their advantage that you show up unprepared and clouded by the fact that you want one of their cars pretty badly. At least have an iPhone, Blackberry or something. Haahaa. Infiniti of Montclair here in California was like that. I got like 4 emails over the course of a week asking when I'm coming in to make a deal. I asked for a deal over email and he wouldn't give it, why would i drive 45 min out to see him for a 'deal' when i'm getting my quotes from others at the comfort of my home/office? Silly sales guy. ROLF G
Welcome tmd820. I would be happy to help you out. Infiniti's lease program for this car varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti G35 Sedan 2WD with 15,000 miles per year are .00134 and 57%, respectively.
I don't know the exact spread between the MSRP and dealer invoice price of this car off of the top of my head, but you can look it up by visiting the New Vehicle Pricing section of Edmunds.com.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Here you go, shellz. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti G35 Sedan Sport with 12,000 miles per year are .00134 and 57%, respectively.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
I live in Central NJ. I am replacing my M35x with a G35x when the former's lease ends in August. I have had trouble getting any real numbers from local dealers. Circle for example will give me only monthly prices for a G35x with nav, premium, wood. $496 per month, 39 months/12000. Doc fee 259. $1792 due at signing. Following the advice from this forum , I am trying get selling price and lease factor but they won't give me that info. I guess I was too honest and mentioned I would cross-shop at ray catena. I have gotten more real numbers from Ray Catena but they wanted to shift me to the sports package and a "custom" wood package. (the sports package doesn't have wood) I will visit ray catena in person but they have been reluctant to give numbers out over email or phone also for the options I want. I get the sense that the smaller players are not giving out numbers for fear of the bigger dealers getting the customer based on price. At this rate, they may lose me just because they are irritating me. The sales guy even sounded angry because I was asking for this information! Isn't shopping multiple dealers the only real way to get a decent price?! Is this happening to other people?
Hi shinng. I suspect that Infiniti's current lease program will remain about the same through September 2nd, but there is no way to know this for certain.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
There should be lots of dealers in your area to pick from. Use the dealer locator on the Infiniti web page to find them and their web pages. Contact them through their web pages (if possible) the the "Internet sales manager" or "Internet Sales Department".
Tell them what you want - model, options, colors - and your time frame to get the car - the sooner the better for deal - if you say "this week" rather than "next month" you will get more attention. Just be prepared to get the car in this time frame for the right offer.
Don't mention leasing of payments. Tell each dealer you want their bottom line price for the car, destination, and any dealer doc or prep fees. Also ask if their cars have any dealer installed options on them.
Once you have the best price and it is a good price, then you can worry about the leasing end of the deal. You make sure they are charging you the buy rate on the bank fee ($595) and the lease MF (poster here each month) and then you are pretty much good to go. You show up, inspect and test drive the car, then sign the paperwork which should match to the penny what you figured for yourself.
As soon as you mention the words lease or payment almost no salesperson is going to revert to price discussions. So keep that to yourself until you have a nice price.
I have a deal in Chicago for a G35 with premium, nav and wood, 15k miles/year for 39 months for $497 per month. Only paying taxes, doc ($175),plates and first month payment up front. MF is .00184 with a 57% residual. Cap cost is $37,308, list is $40,175, invoice is $36,689.
Better deals then I am getting in Phoenix. At $500 over invoice a $500 a month for only premium package for 39/12k. Rolling everything into the lease, and using the $500 loyalty as down payment. Of course plates here are $600 and doc fee is $399. Did you roll the $595 bank fee into the lease?
I am wondering where the 57% residual came from. A 36/15k residual is 56% which should make the 39 around 54%
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Hey Coast, I've heard that the Infiniti dealers in Kirkland, Tacoma, Spokane and Portland are all owned by the same company. I've been researching to find out if that's true without much luck. If it's true, there's really no competition, and good deals may be hard to find. Please keep me/us posted on your luck, good or bad. I'll be in the market for a 2009 G37 sedan when they get here. I'd hate to have to go to N. Cali to find a deal, although the drive home would be fun.
Thanks for the reply. So with that assumption in mind, do you foresee the rates beginning on september 3 to be better than the rates for the ones that will run from now until september 2? Assumptions are okay.
dwynne on this forum has tracked monthly lease payments on all of the G's for over a year. According to his tracking September & October are were not good months to lease a G. Here is his post.
Of course this year our economy is lousy, gas is super high so things might change. Near the end of September we have a new G37 sedan coming out that may help the price of the outgoing G35's. Residuals will be real low on them, but maybe they will make up for it on cash and MF's. Since I can wait until October to get a new car I'm going to. I am not going to pay $500 a month for a car that is going to be replaced with a nice upgrade in 2 months.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
They were last year according to dwynne's graphs. And the incentives that are out already say they are good through August. I guess the question will be, will there be a dwindling supply (if there will be one) of G35's that brings up the price, or will the looming intro of the G37 bring the prices down. Of course this question only applies to the sedan
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
i appreciate the re-confirmation. i don't know whether I should start negotiating in August or wait until the 1st week of sept when the july/aug rates end. based on dennis' chart, it looks like i would be unwise to wait, but with the rates not as attractive for this month, i'm not sure if the unattractive lease deals this month will make better sept rates.
either way, i've decided i found a loophole in avoiding having to pay the illinois tax on lease vehicles. since i have an out of state driver's license in a state where they don't apply the tax on the sales price and still have family there (even though i work full time in illinois), i'll be able to avoid the ridiculous tax amount. i'll just be stuck with the out of state license for a year and then i'll get my illinois license plate back.
i'd like to hear thoughts from anyone regarding this "loophole". ethical? probably not, but hey, i'm saving at least 2 grand right off the bat, and i can live with an out of state license and my bill going to my family's home for a year.....
to your point however, if you are looking to get a sedan, then you would be the wiser to wait until October to lease the 2009 g37 sedan.
I have asked a local dealer if they would let me special order a g37 sedan at invoice + $500 like some others across the country have done and the answer was "nope".
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
I'm not advocating that you do this, but I think you technically can do it since you have the license and physical address. Illegal...hmmm maybe, unethical...I don't know...I think the fact that they charge you 100% tax on a car you only use 35% of is unethical, borderline illegal if you ask me. But that just my opinion. I'm not accountant nor do i play one on these forums :P Time to talk to a congressman or something. Anyway, 09's will arrive 2nd week of Sept, so if you gotta pull the trigger, do it before the deal end. I anticipate things getting expensive come Sept.
I think it is pretty much ridiculous that they won't accept a $500 invoice offer on a car that they don't have to do anything for and will get the full dealer holdback. For them, it is a significant profit with no work involved other than ordering the car and delivering it. I don't know if it is a particular tactic that I use or just luck in picking a dealer, I've never paid over $500 invoice for a new model car under 50K.
It is all about timing or supply and demand. Many dealers were getting way over MSRP for G37 coupes when they launched when the "have to be the first" crowd was paying the big bucks. Just 5 months later I got mine for $200 under invoice (using a $500 customer cash back rebate).
Also, the dealer is not going to promise a good deal in a few months on a future model when they have a lot full of cars to sell NOW. Saying they will do a good deal down the road costs them a sale now, and the buyer could change their minds and get something else so it costs them a sale down the road as well.
In the past when model changeover happens Infiniti has put some nice deals out. Sometimes dealer incentives to drive the price low and sometimes super cheap lease deals to move out the old cars. Waiting could save a lot of money IF they do this again. What is not shown in my charts is what rates were available to the prior model G coupes and sedans before they were replaced - or those of the left over M models as well. Selections go down, but if you can find the right car they may have a super deal for you. If all they change is the engine that is not that exciting as it carries more weight and not that much more power.
Most of us do not HAVE to buy or lease a new car, we do it because we want to. Even those stuck at the end of their current lease could go month to month until deals get better. Good rates happen due to slow sales and large supply. So if the rates are not favorable just waiting is the best idea - one more not sold equals more pressure to discount the next month. I dropped off my RX-8 last July and replaced it in January with the G37, waiting for the right car and the right deal - but I did have other cars to drive .
So I signed on the dotted line for a G35x, Blue slate, wheat interior, wood with premium and nav. 12K miles per year and 39 month lease. Ray Catena had to get it from another dealer but said there was 3 cars in nj with color. Apparently not a common color combo. (is there a swapping fee for dealers to swap cars? I think they said there was) $467.90/ month, 595 bank fee, doc fee 249, regis fee 334. I will owe about $3000 on delivery. Applied my $500 to the payment on delivery. The actual car cost got confused. Intially Ray catena gave me a sales price around $700 over invoice (only after showing edmund's invoice, TMV numbers) but then the other dealer matched and then Ray Catena cut another $10 off monthly lease from $477.90 to $467.90. Rather than prolonging the negotiation, I just accepted the last offer. I'm sure some other astute forum users could have shaved some more money off but I'm ok with this. Thanks for the help. Glad I'm done with this for another couple of years. By the way, saw some "custom" wood package at Ray Catena which could be dealer installed on models esp those which don't have wood option like sports package. Very glossy. Looked ok if you like the shiny wood (lexus uses similar) but at least it's an option for those that want.
Brought home a G35 journey from the local dealer today. Easy transaction. Only premium pkg. $500 under invoice, no added fees 36 mos, 12k/yr $456/mo, only Reg and 1st payment up front ($750). $595 acq fee rolled in. Seems like a solid deal. Thoughts?
The closest dealer I could find outside of Washington and Portland was in Roseville CA, 722 miles away according to Mapquest. That really bites. :sick:
Have an opportunity to lease a G35X with no add ons. 39 month, 12k miles / yr, $0 down except inception fees including first mo. pmt. Have $500 lease incentive rebate since I'm coming off of an Infiniti lease.
Dealer added to negotiated price of $33,140 the 7% sales tax on my 39 pmts of $1,137, then reduced cap cost for $500 rebate, to get to an adjusted cap cost of $33,777. After a 58% residual and a 0.00184 money factor, and a MSRP of $35,730, the monthly payments, including tax, come to $435.
Sounds competitive to me. Thoughts?
Are money factor and residual noted above on a 39 month lease competitive?
Is it common for a dealer to put sales tax into cap cost this way?
It also seems to me that I'm paying 7% tax on the $595 bank fee and the $199 doc fee - is that normal?
Also, I can not match the MSRP of $35,730. I get $35,565 including destination charge. (Should destination charge even be included when you calculate the residual?)
I got a quote of $364 monthly on a G37 Journey with Premium with $5k down (I have a trade in and will be taking half of the money and putting the other half down) for 39 months, 15k miles per year. Taxes and fees (as far as I know included) would be 7% ... I'm in Jersey.
I'm new to this so I don't know much and I don't want to be taken advantage of. I have been offered the same terms for a car with 6,000 miles on it with Premium and Sport for $399 monthly. I like this car better because it has the spoiler but I don't need all the extra stuff that comes in the sport package. I really just want the spoiler. Anyone have any advice/comments?
Any leasing expert will tell you do not do a cap cost reduction. Cap cost reduction is any money you put down that does not cover first months payment, lease fees, dealers fees, registration fees and taxes. You risk losing some or all of your cap reduction as soon as your drive off the lot if your car is totaled or stolen. Insurance companies only pay for the market value of a lost or stolen car, and the depreciation starts as soon as the tires hit the road with you behind the wheel.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
I'm just trying to keep my payments down here because I don't want to be locked into a really high lease payment if something were to (god forbid) happen with my job.
But as far as I know it does include these things.
If you are putting down more then around $2000-$2200 then you are doing cap cost reduction.
I'm just trying to keep my payments down here because I don't want to be locked into a really high lease payment if something were to (god forbid) happen with my job.
OK you get my second sermon which I get cr*p for:
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest (3%+) savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
2005 G35 Sedan 2007 G35 Sedan 2008 G37 Sedan 2010 G37 Coupe 2012 G37 Sedan 2014 Q50 RWD 2017 Q60 3.0t RWD 2018 QX60 RWD
Plus the extra money I got for the trade in was also going to help pay my lease payments (even though I have a job right now that can support that payment no problem) so putting that money in a savings acct. wouldn't do much good if I kept using some of it to help pay for the lease. It wouldn't ever accumulate any interest.
If you can't understand the concepts as provided by kingpcgeek, then essentially you put yourself at risk. I'd personally rather have my money sitting in a bank than in a depreciating car that you won't even own in the end (hmmm...bad things that can happen to a car...total loss collision, vandalization, stolen, etc.) Depends on how much risk you're willing to absorb.
Comments
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest savings account like INGDirect. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
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
What is your price in relation to invoice? How much dealer fee is added?
Dennis
You could go see, but I usually don't bother with dealers that will not give me a full and complete (and firm) price over the phone or e-mail.
Like those "we will beat any price by $500" or whatever claims. When you try to collect there is always some way they will weasel out of the deal. Better to just play your best deals against each other and then only visit one dealer once you have the price you want.
Dennis
24/12k
MSRP: $36,720
INV: $33,742 - saw invoice.
PURCHASE: $33,492!!
MF: .00147
RES: 69%
MP: $395
Total at sign: $2,250 ( wanted $3,500 when I came in) Tax, first payment, acq fee..
Plus I got a $500 wear and damage.
I am happy heh.
re: Manhattan Infiniti - they told me the same thing!
You're welcome! Happy that I was able to help you along the way. Never actually helped someone "on the fly" before. Haahaa, very interesting experience.
I'm glad you're happy with the deal. Not only did you pay $250 less up front, you also kept your payments under $400. NICE!
Looking forward to the pics! Happy motoring!!
G
G
I don't know the exact spread between the MSRP and dealer invoice price of this car off of the top of my head, but you can look it up by visiting the New Vehicle Pricing section of Edmunds.com.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Following the advice from this forum , I am trying get selling price and lease factor but they won't give me that info.
I guess I was too honest and mentioned I would cross-shop at ray catena. I have gotten more real numbers from Ray Catena but they wanted to shift me to the sports package and a "custom" wood package. (the sports package doesn't have wood) I will visit ray catena in person but they have been reluctant to give numbers out over email or phone also for the options I want. I get the sense that the smaller players are not giving out numbers for fear of the bigger dealers getting the customer based on price. At this rate, they may lose me just because they are irritating me. The sales guy even sounded angry because I was asking for this information! Isn't shopping multiple dealers the only real way to get a decent price?!
Is this happening to other people?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Tell them what you want - model, options, colors - and your time frame to get the car - the sooner the better for deal - if you say "this week" rather than "next month" you will get more attention. Just be prepared to get the car in this time frame for the right offer.
Don't mention leasing of payments. Tell each dealer you want their bottom line price for the car, destination, and any dealer doc or prep fees. Also ask if their cars have any dealer installed options on them.
Once you have the best price and it is a good price, then you can worry about the leasing end of the deal. You make sure they are charging you the buy rate on the bank fee ($595) and the lease MF (poster here each month) and then you are pretty much good to go. You show up, inspect and test drive the car, then sign the paperwork which should match to the penny what you figured for yourself.
As soon as you mention the words lease or payment almost no salesperson is going to revert to price discussions. So keep that to yourself until you have a nice price.
Dennis
I'm looking in the Seattle area - and I'm having a tough time having these guys play ball.
I am wondering where the 57% residual came from. A 36/15k residual is 56% which should make the 39 around 54%
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
Maybe you missed the part where they said:
Hail damage repair. Damage necessitates replacement of hood, trunk, PDR on roof.
Even if you missed that part, the tread title still says "hail damage deal"
So if you too can find a car that is so beat up it needs a new trunk and hood and repairs to the roof then you may could get a similar deal.
Dennis
I've heard that the Infiniti dealers in Kirkland, Tacoma, Spokane and Portland are all owned by the same company. I've been researching to find out if that's true without much luck. If it's true, there's really no competition, and good deals may be hard to find. Please keep me/us posted on your luck, good or bad. I'll be in the market for a 2009 G37 sedan when they get here. I'd hate to have to go to N. Cali to find a deal, although the drive home would be fun.
Thanks
Of course this year our economy is lousy, gas is super high so things might change. Near the end of September we have a new G37 sedan coming out that may help the price of the outgoing G35's. Residuals will be real low on them, but maybe they will make up for it on cash and MF's. Since I can wait until October to get a new car I'm going to. I am not going to pay $500 a month for a car that is going to be replaced with a nice upgrade in 2 months.
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
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
15,000mi
36mo
$1000 at signing (zero down)
$535/mo
Should the MF change whether the lease is 36 months or 39 months?
The deal I have on the table is for 39 months, 15k miles with a MF of .00184
to your point however, if you are looking to get a sedan, then you would be the wiser to wait until October to lease the 2009 g37 sedan.
either way, i've decided i found a loophole in avoiding having to pay the illinois tax on lease vehicles. since i have an out of state driver's license in a state where they don't apply the tax on the sales price and still have family there (even though i work full time in illinois), i'll be able to avoid the ridiculous tax amount. i'll just be stuck with the out of state license for a year and then i'll get my illinois license plate back.
i'd like to hear thoughts from anyone regarding this "loophole". ethical? probably not, but hey, i'm saving at least 2 grand right off the bat, and i can live with an out of state license and my bill going to my family's home for a year.....
would appreciate comments.
I have asked a local dealer if they would let me special order a g37 sedan at invoice + $500 like some others across the country have done and the answer was "nope".
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
Time to talk to a congressman or something.
Anyway, 09's will arrive 2nd week of Sept, so if you gotta pull the trigger, do it before the deal end. I anticipate things getting expensive come Sept.
Also, the dealer is not going to promise a good deal in a few months on a future model when they have a lot full of cars to sell NOW. Saying they will do a good deal down the road costs them a sale now, and the buyer could change their minds and get something else so it costs them a sale down the road as well.
In the past when model changeover happens Infiniti has put some nice deals out. Sometimes dealer incentives to drive the price low and sometimes super cheap lease deals to move out the old cars. Waiting could save a lot of money IF they do this again. What is not shown in my charts is what rates were available to the prior model G coupes and sedans before they were replaced - or those of the left over M models as well. Selections go down, but if you can find the right car they may have a super deal for you. If all they change is the engine that is not that exciting as it carries more weight and not that much more power.
Most of us do not HAVE to buy or lease a new car, we do it because we want to. Even those stuck at the end of their current lease could go month to month until deals get better. Good rates happen due to slow sales and large supply. So if the rates are not favorable just waiting is the best idea - one more not sold equals more pressure to discount the next month. I dropped off my RX-8 last July and replaced it in January with the G37, waiting for the right car and the right deal - but I did have other cars to drive
Dennis
$467.90/ month, 595 bank fee, doc fee 249, regis fee 334. I will owe about $3000 on delivery. Applied my $500 to the payment on delivery. The actual car cost got confused. Intially Ray catena gave me a sales price around $700 over invoice (only after showing edmund's invoice, TMV numbers) but then the other dealer matched and then Ray Catena cut another $10 off monthly lease from $477.90 to $467.90. Rather than prolonging the negotiation, I just accepted the last offer. I'm sure some other astute forum users could have shaved some more money off but I'm ok with this.
Thanks for the help.
Glad I'm done with this for another couple of years. By the way, saw some "custom" wood package at Ray Catena which could be dealer installed on models esp those which don't have wood option like sports package. Very glossy. Looked ok if you like the shiny wood (lexus uses similar) but at least it's an option for those that want.
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
Only premium pkg.
$500 under invoice, no added fees
36 mos, 12k/yr
$456/mo, only Reg and 1st payment up front ($750). $595 acq fee rolled in.
Seems like a solid deal.
Thoughts?
MSRP: $38,665
BCC: $36,000 (is this ok?)
COST ADDED TO LEASE: $1,022 (doc, title,acq)
ZERO DOWN
ADJ CAP COST: $37,022
RV: $22,030 (57%)
MF: .00134 (FICO 780+)
TERM: 36 Months, 12k/yr
TAX: 7.75%
Monthly Pay: $533.75 1st payment plus reg. due on signing.
Thanks in advance.
Northwest sucks for Infinit - ever Infiniti dealer in an 800 mile radius in owned by the same company... monopoly!!!!
Dealer added to negotiated price of $33,140 the 7% sales tax on my 39 pmts of $1,137, then reduced cap cost for $500 rebate, to get to an adjusted cap cost of $33,777. After a 58% residual and a 0.00184 money factor, and a MSRP of $35,730, the monthly payments, including tax, come to $435.
Sounds competitive to me. Thoughts?
Are money factor and residual noted above on a 39 month lease competitive?
Is it common for a dealer to put sales tax into cap cost this way?
It also seems to me that I'm paying 7% tax on the $595 bank fee and the $199 doc fee - is that normal?
Also, I can not match the MSRP of $35,730. I get $35,565 including destination charge. (Should destination charge even be included when you calculate the residual?)
I'm new to this so I don't know much and I don't want to be taken advantage of. I have been offered the same terms for a car with 6,000 miles on it with Premium and Sport for $399 monthly. I like this car better because it has the spoiler but I don't need all the extra stuff that comes in the sport package. I really just want the spoiler. Anyone have any advice/comments?
Thanks.
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
If you are putting down more then around $2000-$2200 then you are doing cap cost reduction.
I'm just trying to keep my payments down here because I don't want to be locked into a really high lease payment if something were to (god forbid) happen with my job.
OK you get my second sermon which I get cr*p for:
If you are worried about higher payments take the money that you would have put down to cut the payment in a higher interest (3%+) savings account. If and when you need to make a lower car payment take some of the money out of savings to help with the payment.
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
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