That is so cool. You are way awesome. Now you've got me thinking about financing. Using your example, I'd have to finance the whole 30K for the first year since I don't have a vehicle to trade in after this lease expires. After the first year, say for example I apply the trade in towards another 30K vehicle, I'd only be financing 10K the second year and so on. Can you explain a little more about the possible sales tax credit for trade-in and how that would fit in to this scenario? I'm also wondering if a home equity line that has prime + 1/2 would be a wise way to finance since the payment requirements are interest only giving me flexibility on how much and when I can pay it down throughout the year. Hope these questions make sense. Thanks!
In my state there is a 7% state sales tax on vehicle purchases. So a $30k car would cost you $2,100 in tax. If you traded a $20k car in on the $30k car you only pay tax on the difference ($10k) so the tax would be just $700.
If you do finance you would need to do it over a short term or set some money aside to help with the payoff. If you did a 60 month loan, for example, you might still owe $28k or something after a year. The payments would be low, but you would be upside down (owe more than the car is worth) when it is time to trade it.
As much as folks like to have a nice ride, if I was hammering so many miles on in a year I would either a) move or b) get something cheap to buy and easy on the gas. A G is much nicer, but getting a new $24k and trading it for $19k after a year might make more sense than a $30k+ car each time. Either that, or buy a nice car and just drive it until it falls apart (which might not take that long with that many miles a year). Heck, get a $12k Smart4Two or a Honda Fit or Hyundai Accent or Kia Rio for not much new and after a year it might still fetch most of your money back.
Obviously you don't believe I know what I am talking about, but I did lease a new G35 last week and there was not a $2000 cash to dealer (its not a rebate) involved in the deal. I can also give you emails from 3 dealers that specifically say the $2000 is not available with a lease or the cheap financing.
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
Thanks for the clarification. It's not that I don't believe you. I'm just stating that I was confused because I had heard that you were able to get the $2000 off. I'm currently negotiating with various dealers in socal for a G35 journey with prem. and navigation. MSRP is $38330 and I'm being quoted $34510. Bubble has been burst....I was hoping I could use the $2000 to lower the monthly payment.
I was quoted yesterday on a g37 journey with sport and premium package. MSRP:41515 Cap Cost: 38874 Money factor .00191 Residual 59% 39 month 15k/yr Came out to 517 including tax, my sales tax is 7.75 percent.
Hello! I'm going tomorrow to try to lease a G37. MSRP is 46,060. 6MT with every option possible. Invoice is around $41,800 (not. What should I be asking for at this time since 09 coming out soon. My tax rate is 5%. Can anyone calculate my monthly payment with putting only 1st and bank fee? Thanks!
1. You don't live in Illinois or Texas (tax on full value of car is due) 2. You negotiate a cap cost of invoice ($41,800) 3. You have good credit 4. Bank fee of $595 is paid up front 5. Title and license fee is paid up front 6. 15k miles per year
Hey everyone, I was just wondering.. if low monthly payments are my top priority, does it make more sense to lease a G35x sedan or wait until the 09 G37's come out? I know I would have to wait a few weeks for the 09's, but timing is not a big issue for me right now. At first, I figured getting the 08 now at the end of their model years would make more sense financially, but I've read a post or two here where people have said you can get the 09s for almost the same price? Anyway, thanks for your advice in advance!
In general, payment-wise the worst time to lease will be when the new model year cars arrive. In general, the best time to lease may be in the first part of the new calendar year. The new 09 with the upgrades should make that a more desirable car (for folks who by the auto tranny at least) so it might be worth waiting for - but you may have to wait until the end of the year or first of next year to get a good deal.
I know I know, we're not supposed to negotiate just the lease payments and there's a lot of other factors that go into it. But unless I'm forgetting something, this just seemed too good of a deal...
I've been considering a 36 month lease on a red '08 G35x, Navigation, Premium Package, and Sport Package. With no money down (just the first month's payment), what would be a good monthly payment? Is mid-400's a good deal? Because I've been reading posts around here with people paying 500+ for the Journey, so would that be considered a good deal? Or am I missing something and I really would have to consider all those other factors (MF, residual, etc.)? Please let me know ASAP if you can because I may be getting the car within the next day or two. Thanks so much!
Edit: Thanks for your advice Dennis. I think I'd rather save some money now though and go for the 08.
I've been researching the exact model you are interested in. If you negotiate a selling price of $35,500 (which is aggressive without loyalty cash) your payments before tax will be roughly $450 (assuming 15k miles). This assumes license, title, doc fees are paid up front.
Right now, I've been able to negotiate $36,110 on this car. I'm hoping to be able to bring it down a few hundred bucks.
You've been able to negotiate to $36,110 so far? That's the G35x including the Premium, Sport, and Nav packages? That's pretty good (I think) if it includes all those. I've been having a hard time getting to even $36,500! The invoice on this configuration is $37,550. How were you able to get almost 1500 below? What dealership/area are you in?
2008 G35 Journey with Prem, Nav, and Sport 40135--retail 37628 Cap Cost They said I also get the 500 loyalty cash, so it will be 37128, at the end of it all. They aren't budging on that price. Invoice on that car is 36558, but I know they aren't affected by the loyalty cash, so they are making about $1100. Can I get a better deal?
I am being told by the Infiniti dealership that because my lease is through someone other than Infiniti Financial, I cannot receive a tax credit if I trade it in there. They said this is because I do not own the car; that the bank does. Does this make sense?
If they won't budge on the price, then I guess you can't get a better deal. Have you tried another dealer? It seems like people here are reporting prices at invoice, or a few hundred over invoice, before incentives.
a) you don't pay sales tax on the whole car, just the payment b) the lease bank owns the car and holds the title in their name
So in most cases there is no way you can get any tax breaks for "trading in" a lease car. This would be the case if your car was leased through IFS or someone else. You didn't have to pay sales tax on the whole car when you leased it, so you would not get to claim a tax credit on it now.
In those few states were tax is charged on the full price of a lease car, perhaps there is some sort of tax break on a "trade" but I am not sure that applies even in those states.
I am going to try a couple more tomorrow. The problem has been finding the colors I want. When I told the dealer that I see deals at invoice, they tell me it's people who aren't leasing, and that they are getting the 2,000 incentives.
I am in Texas, so i pay sales tax on the whole amount. I was just confused because Carmax said I would get a tax credit when they appraised my car. Maybe if they knew it was on a lease, then they would tell me that I would not get the credit?
Sticker: $38,025 Agreed Purchase Price $35,500 $499.25 Doc Fee $595 Acq Fee less $500 loyalty cash Adj Cap Cost $36,094.25 Residual $21,674.25; Money Factor .00184 7% tax; $46 tax/title 39 month lease/15,000 miles $500 payment at signing (yes, less than 1st month's payment) $509.35 /month
Perhaps could have pressed alittle more, but dealer did not have exact car in stock and had to go get it. Most importantly, car is fantastic and I can live with the payments!
Here you go, shinng. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2008 Infiniti G37 Journey Base with 12,000 miles per year are .00191 and 63%, respectively. The addition of the moonroof and Premium Package do not have any impact upon this car's lease program, but the addition of the Journey or Sport Packages would.
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Hi bagle1. If I was in the market for a G35 Sedan right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice and then have the dealer that agreed to sell me one for that price calculate my monthly payment using its buy rate lease money factor. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of an '08 G35 Sedan Sport with 15,000 miles per year are .00134 and 56%, respectively.
Hi jurizar. kingpcgeek is correct. The $2,000 dealer cash incentive that Infiniti is providing on the 2008 G35 Sedan is not compatible with the special financing or special lease offers.
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Greetings airtime72. You can look up the dealer invoice price for the exact model that you want by hopping on over to the New Vehicle Pricing section of Edmunds.com.
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Congratulations on getting your new G, teamboulton. Thanks for taking the time to share the details of your deal with everyone. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: !
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I was told by a dealer today that the lease rates from Tarry Shebesta at LeaseCompare.com are last months rates and are no longer valid. Please confirm that these are still the lease rates and residuals offered by IFS:
2008 Infiniti G35 Base Sedan – 8/6/08 24 Month – Residual 67% of MSRP – .00103 Base Rate 36 Month – Residual 57% of MSRP – .00134 Base Rate 48 Month – Residual 48% of MSRP – .00175 Base Rate 60 Month – Residual 40% of MSRP – .00202 Base Rate
2008 Infiniti G35 Journey Sedan – 8/6/08 24 Month – Residual 66% of MSRP – .00103 Base Rate 36 Month – Residual 56% of MSRP – .00134 Base Rate 48 Month – Residual 47% of MSRP – .00175 Base Rate 60 Month – Residual 39% of MSRP – .00202 Base Rate
2008 Infiniti G35 Sport Sedan – 8/6/08 24 Month – Residual 66% of MSRP – .00103 Base Rate 36 Month – Residual 56% of MSRP – .00134 Base Rate 48 Month – Residual 47% of MSRP – .00175 Base Rate 60 Month – Residual 39% of MSRP – .00202 Base Rate
2008 Infiniti G35 X Sedan – 8/6/08 24 Month – Residual 68% of MSRP – .00147 Base Rate 36 Month – Residual 58% of MSRP – .00167 Base Rate 48 Month – Residual 49% of MSRP – .00202 Base Rate 60 Month – Residual 39% of MSRP – .00204 Base Rate
2008 Infiniti G37 Coupe – 8/6/08 24 Month – Residual 73% of MSRP – .00190 Base Rate 36 Month – Residual 63% of MSRP – .00216 Base Rate 48 Month – Residual 53% of MSRP – .00195 Base Rate 60 Month – Residual 45% of MSRP – .00196 Base Rate
2008 Infiniti G37 Journey Coupe – 8/6/08 24 Month – Residual 70% of MSRP – .00190 Base Rate 36 Month – Residual 60% of MSRP – .00216 Base Rate 48 Month – Residual 51% of MSRP – .00195 Base Rate 60 Month – Residual 43% of MSRP – .00196 Base Rate
2008 Infiniti G37 Sport Coupe – 8/6/08 24 Month – Residual 71% of MSRP – .00190 Base Rate 36 Month – Residual 61% of MSRP – .00216 Base Rate 48 Month – Residual 52% of MSRP – .00195 Base Rate 60 Month – Residual 44% of MSRP – .00196 Base Rate
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
I am in the market to buy a car in the immediate future, my 07 Altima was stolen, but it was recovered in poor condition. My wife feels the car has been violated and isnt thrilled about driving it anymore, so, after the car is fully restored I think I might go ahead and get rid of it which brings me to a problem--I am roughly 6k upside down because of the depreciation. My current payments are $600/mo, and if I got the loan down to 6k residual (after selling the car) then hopefully my bank would be understanding and adjust payments accordingly.
I am going to grad from school in 3 years so I was looking at a lease option until then, at which point my financial position will turn quite considerably and I will be able to outright purchase a vehicle.
My wife and I really like the G37 sport with Prem and Nav packages. I was just quoted at a price of $40,465 for an outright purchase of a G37 Sport, 6speed, with Prem, Nav, and Tech packages. The sales manager will be calling me tomorrow with an estimate for a leasing option.
My question to you all is this: first, is $40k + change a good deal worth pursuing, second, what is a good down payment to make on a lease--I have no idea at all what i am doing when it comes to leasing, third, what do you think a competitive monthly payment would be for a 12k/yr G37 Sport with Prem and/or Nav included? My current payments are $600/mo and I would like them to stay at a ceiling of $600 for everything (including the 6k which would be left if I dumped the Altima). My guess is that that would put the G37 somewhere around $500-550/mo.
I really appreciate any feedback. This is deffinately not my forte and I am trying to avoid being hosed by a slick talking dealership. Thanks.
not to ruin your plans, but if you are still in school, not yet working full time, and are 6k upside down on your existing car, what in the world are you thinking?? buying a 40k car??
why not just get something simple and basic, and when you are out of school - get a nice car.
I don't want to be a jerk either, but its a good time to get something cheap, pay off the $6K EXTRA you owe on the Altima, and get something cool when it makes more sense! Right now, after the cost of the car plus ttl and the extra $6K you're looking at really close to $50,000!! THAT is too much......
Not that its really any business of anyone, but I have a full scholarship through the military so I make my full military salary + school expenses... Which, would be how I am making $600 monthly payments on the 07' Altima in the first place--see original post. Not to mention I have a wife which is fully willing and capable of working herself if we think we will feel any squeeze. So I think we will be fine seeing as how my salary completely supports our family on its own to begin with. I appreciate the feedback; however, if you wouldnt mind giving advice on the posted question it could be of some value.
Hi peekay1. I don't know what the dealer that you spoke with is talking about. These money factors are right. They don't have anything to gain by lying to you unless they are trying to mark your car's money factors up to hide additional back-end profit in your deal.
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Yes bagle1. I personally would shoot for a couple hundred dollars over dealer invoice minus the $500 loyalty cash if I was interested in leasing a G35 Sedan right now.
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Hi phil55. sorry to hear about your stolen car issues. It sounds like you are new to leasing. If so, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
As far as a down payment goes, it is in consumers' best interest not to make any sort of capitalized cost reduction when leasing. Consumers who make large down payments on leases are at risk of losing them if their vehicle ends up getting totaled. Having said this, given how upside down you are on your Altima, that might not be an option here because I doubt that you will be able to roll six thousand dollars with of negative equity into your new lease.
Ideally you would wait until you are less upside down on your current car to get something new, but if that absolutely is not an option you need to make sure to negotiate as low a selling price as possible on the G37 that you are interested in. Shoot for as close to dealer invoice as possible. You can look up the exact invoice price of the car that you want over in the New Vehicle Pricing section of Edmunds.com. Make sure to hop on over to the "Infiniti G35 G37 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.
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I was just talking with my wife about that last night. The car is a year old now so it should depreciate much more slowly now, so I think our strategy may be to try and hold out a few months, pay off a large chunk of that 6k and even perhaps make our move on an 08 when the 09's come out. Also, I will deffinately check out those links, thank you very much.
When I called him out on it, he later told me that he was looking at 39month residuals and money factors. What I find odd is that the 39 month lease works out WORSE than the 36 month lease. Nissan/Infiniti typically have very attractive rates on the 39 month term.
I could have saved a few bucks on my lease this month if I had gone with a 39 instead of a 36. I think it depends on what you decide to roll into the lease.
I went with the 36 since I wanted to be leasing a new car in July/August instead of October/November.
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
Thanks car_man. Why would a dealer lie about the residual? On the 1st quote I received 2 weeks ago, not only did the dealer lie about the invoice by overstating it by 500.00, but he also said the residual was 59%, not 63%. I know dealers can mark up money factors, but adjusting residuals to gain more profit?
Well I'm no expert but dealers can use different leasing companies and each one will set it's own residual value depending on the competitiveness and the amount of risk they want to take. I would ask what finance company your dealer is using and also have them show you the deal book as well (I've found most reputable dealers will). This could be the reason for the discrepancies and/or the dealer is not forthright or honest.
For me, I was quoted 60% residual with a MF of 1.91 on a G37 Journey with nav and premium - 39 months with 12K.
i was condisering leasing either a lexus es 350, or the infiniti g35x.... thanks to this site and carman, i was able to negotiate better lease terms with both dealerships...i think i m going with the infinit g35x now...details G35x ( premium, navigation, technology) MSRP $40,675 Selling price $37,869 invoice(edmunds) $ 37,828 Residual 58 %- should be 21,964 ( on the selling price), but for some reason they quoted me $ 23,591.50( 58% of the MSRP)-which i don't seem to understand MoneyFactor 0.00184 39 months/12k a year 1st month due at signing
dealership quoted me $529(including taxes) Does this seem decent enough? Could i ask for the 0.00167 MF considering my cosigner has a 760 plus credit score( mine is in the upper 600s).I guess i will jump on this if they would consider upping the miles to 15/k a year. CarMan, anyone?, input would be very valuable..would be lost without this site.
Comments
Thanks!
If you do finance you would need to do it over a short term or set some money aside to help with the payoff. If you did a 60 month loan, for example, you might still owe $28k or something after a year. The payments would be low, but you would be upside down (owe more than the car is worth) when it is time to trade it.
As much as folks like to have a nice ride, if I was hammering so many miles on in a year I would either a) move or b) get something cheap to buy and easy on the gas. A G is much nicer, but getting a new $24k and trading it for $19k after a year might make more sense than a $30k+ car each time. Either that, or buy a nice car and just drive it until it falls apart (which might not take that long with that many miles a year). Heck, get a $12k Smart4Two or a Honda Fit or Hyundai Accent or Kia Rio for not much new and after a year it might still fetch most of your money back.
Dennis
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
MSRP:41515
Cap Cost: 38874
Money factor .00191
Residual 59%
39 month 15k/yr
Came out to 517 including tax, my sales tax is 7.75 percent.
Is this a good deal.
Don't hold me to my numbers but...
A few assumptions to my numbers:
1. You don't live in Illinois or Texas (tax on full value of car is due)
2. You negotiate a cap cost of invoice ($41,800)
3. You have good credit
4. Bank fee of $595 is paid up front
5. Title and license fee is paid up front
6. 15k miles per year
24 month - $546.64
36 month - $558.21
48 month - $525.07
60 month - $504.67
PK1
I was just wondering.. if low monthly payments are my top priority, does it make more sense to lease a G35x sedan or wait until the 09 G37's come out? I know I would have to wait a few weeks for the 09's, but timing is not a big issue for me right now. At first, I figured getting the 08 now at the end of their model years would make more sense financially, but I've read a post or two here where people have said you can get the 09s for almost the same price? Anyway, thanks for your advice in advance!
Dennis
I know I know, we're not supposed to negotiate just the lease payments and there's a lot of other factors that go into it. But unless I'm forgetting something, this just seemed too good of a deal...
I've been considering a 36 month lease on a red '08 G35x, Navigation, Premium Package, and Sport Package. With no money down (just the first month's payment), what would be a good monthly payment? Is mid-400's a good deal? Because I've been reading posts around here with people paying 500+ for the Journey, so would that be considered a good deal? Or am I missing something and I really would have to consider all those other factors (MF, residual, etc.)? Please let me know ASAP if you can because I may be getting the car within the next day or two. Thanks so much!
Edit: Thanks for your advice Dennis. I think I'd rather save some money now though and go for the 08.
I've been researching the exact model you are interested in. If you negotiate a selling price of $35,500 (which is aggressive without loyalty cash) your payments before tax will be roughly $450 (assuming 15k miles). This assumes license, title, doc fees are paid up front.
Right now, I've been able to negotiate $36,110 on this car. I'm hoping to be able to bring it down a few hundred bucks.
I did not see you had nav in your options. I do not have nav, so $36,500 is pretty darn good. Is that after rebates/loyalty cash?
MSRP: 42,900
Cap Cost: 38,200
State Sales Tax: 7%
Residual: 57%
Term: 39 Months
Miles: 18k/year
True Sign and Drive - Payment is 559/month with 7% tax included.
2008 G35 Journey with Prem, Nav, and Sport
40135--retail
37628 Cap Cost
They said I also get the 500 loyalty cash, so it will be 37128, at the end of it all. They aren't budging on that price. Invoice on that car is 36558, but I know they aren't affected by the loyalty cash, so they are making about $1100. Can I get a better deal?
a) you don't pay sales tax on the whole car, just the payment
b) the lease bank owns the car and holds the title in their name
So in most cases there is no way you can get any tax breaks for "trading in" a lease car. This would be the case if your car was leased through IFS or someone else. You didn't have to pay sales tax on the whole car when you leased it, so you would not get to claim a tax credit on it now.
In those few states were tax is charged on the full price of a lease car, perhaps there is some sort of tax break on a "trade" but I am not sure that applies even in those states.
Dennis
Sticker: $38,025
Agreed Purchase Price $35,500
$499.25 Doc Fee
$595 Acq Fee
less $500 loyalty cash
Adj Cap Cost $36,094.25
Residual $21,674.25; Money Factor .00184
7% tax; $46 tax/title
39 month lease/15,000 miles
$500 payment at signing (yes, less than 1st month's payment)
$509.35 /month
Perhaps could have pressed alittle more, but dealer did not have exact car in stock and had to go get it. Most importantly, car is fantastic and I can live with the payments!
Base model
$5,000 down
$199 / month
12,000 miles / 24 month lease
Is this a good deal? Should I accept it?
Thank you very much
You are also putting a cap cost reduction down which is not a good idea on a lease.
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
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For additional feedback on what sort of selling price you should pay, hop on over to the "Infiniti G35 G37 Prices Paid and Buying Experience" discussion.
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2008 Infiniti G35 Base Sedan – 8/6/08
24 Month – Residual 67% of MSRP – .00103 Base Rate
36 Month – Residual 57% of MSRP – .00134 Base Rate
48 Month – Residual 48% of MSRP – .00175 Base Rate
60 Month – Residual 40% of MSRP – .00202 Base Rate
2008 Infiniti G35 Journey Sedan – 8/6/08
24 Month – Residual 66% of MSRP – .00103 Base Rate
36 Month – Residual 56% of MSRP – .00134 Base Rate
48 Month – Residual 47% of MSRP – .00175 Base Rate
60 Month – Residual 39% of MSRP – .00202 Base Rate
2008 Infiniti G35 Sport Sedan – 8/6/08
24 Month – Residual 66% of MSRP – .00103 Base Rate
36 Month – Residual 56% of MSRP – .00134 Base Rate
48 Month – Residual 47% of MSRP – .00175 Base Rate
60 Month – Residual 39% of MSRP – .00202 Base Rate
2008 Infiniti G35 X Sedan – 8/6/08
24 Month – Residual 68% of MSRP – .00147 Base Rate
36 Month – Residual 58% of MSRP – .00167 Base Rate
48 Month – Residual 49% of MSRP – .00202 Base Rate
60 Month – Residual 39% of MSRP – .00204 Base Rate
2008 Infiniti G37 Coupe – 8/6/08
24 Month – Residual 73% of MSRP – .00190 Base Rate
36 Month – Residual 63% of MSRP – .00216 Base Rate
48 Month – Residual 53% of MSRP – .00195 Base Rate
60 Month – Residual 45% of MSRP – .00196 Base Rate
2008 Infiniti G37 Journey Coupe – 8/6/08
24 Month – Residual 70% of MSRP – .00190 Base Rate
36 Month – Residual 60% of MSRP – .00216 Base Rate
48 Month – Residual 51% of MSRP – .00195 Base Rate
60 Month – Residual 43% of MSRP – .00196 Base Rate
2008 Infiniti G37 Sport Coupe – 8/6/08
24 Month – Residual 71% of MSRP – .00190 Base Rate
36 Month – Residual 61% of MSRP – .00216 Base Rate
48 Month – Residual 52% of MSRP – .00195 Base Rate
60 Month – Residual 44% of MSRP – .00196 Base Rate
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
I am going to grad from school in 3 years so I was looking at a lease option until then, at which point my financial position will turn quite considerably and I will be able to outright purchase a vehicle.
My wife and I really like the G37 sport with Prem and Nav packages. I was just quoted at a price of $40,465 for an outright purchase of a G37 Sport, 6speed, with Prem, Nav, and Tech packages. The sales manager will be calling me tomorrow with an estimate for a leasing option.
My question to you all is this: first, is $40k + change a good deal worth pursuing, second, what is a good down payment to make on a lease--I have no idea at all what i am doing when it comes to leasing, third, what do you think a competitive monthly payment would be for a 12k/yr G37 Sport with Prem and/or Nav included? My current payments are $600/mo and I would like them to stay at a ceiling of $600 for everything (including the 6k which would be left if I dumped the Altima). My guess is that that would put the G37 somewhere around $500-550/mo.
I really appreciate any feedback. This is deffinately not my forte and I am trying to avoid being hosed by a slick talking dealership. Thanks.
why not just get something simple and basic, and when you are out of school - get a nice car.
do you have family giving you money??
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Prices Paid: Buying & Leasing Experiences Forum
As far as a down payment goes, it is in consumers' best interest not to make any sort of capitalized cost reduction when leasing. Consumers who make large down payments on leases are at risk of losing them if their vehicle ends up getting totaled. Having said this, given how upside down you are on your Altima, that might not be an option here because I doubt that you will be able to roll six thousand dollars with of negative equity into your new lease.
Ideally you would wait until you are less upside down on your current car to get something new, but if that absolutely is not an option you need to make sure to negotiate as low a selling price as possible on the G37 that you are interested in. Shoot for as close to dealer invoice as possible. You can look up the exact invoice price of the car that you want over in the New Vehicle Pricing section of Edmunds.com. Make sure to hop on over to the "Infiniti G35 G37 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
-Phillip
When I called him out on it, he later told me that he was looking at 39month residuals and money factors. What I find odd is that the 39 month lease works out WORSE than the 36 month lease. Nissan/Infiniti typically have very attractive rates on the 39 month term.
Thanks again.
Paul
I went with the 36 since I wanted to be leasing a new car in July/August instead of October/November.
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
G35x, (sport, premium, nav)
MSRP: 40,825
Invoice: 37,335
Selling Price: $200 over invoice (37,535)
Fees: 1,253
Residual: 58%
MF: .00167
36 months, 15k miles/yr
No money down (just first month's payment)
It's coming out to $561/month (including 7% tax)
What do you guys think? Your input is appreciated.
For me, I was quoted 60% residual with a MF of 1.91 on a G37 Journey with nav and premium - 39 months with 12K.
thanks to this site and carman, i was able to negotiate better lease terms with both dealerships...i think i m going with the infinit g35x now...details
G35x ( premium, navigation, technology)
MSRP $40,675
Selling price $37,869
invoice(edmunds) $ 37,828
Residual 58 %- should be 21,964 ( on the selling price), but for some reason they quoted me $ 23,591.50( 58% of the MSRP)-which i don't seem to understand
MoneyFactor 0.00184
39 months/12k a year
1st month due at signing
dealership quoted me $529(including taxes)
Does this seem decent enough? Could i ask for the 0.00167 MF considering my cosigner has a 760 plus credit score( mine is in the upper 600s).I guess i will jump on this if they would consider upping the miles to 15/k a year.
CarMan, anyone?, input would be very valuable..would be lost without this site.