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The residual values for leases with only 10,000 miles per year are 1% higher.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 G37 Coupe Sport with 15,000 miles per year are .00148 and 57%, respectively.
Car_man
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Car_man
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The money factor that you were quoted is slightly high. IFS' current buy rate for a 36 month lease of an '09 G37 Coupe Journey is .00279. Make sure that the dealer uses this money factor to calculate your payment.
The only other negotiable aspect of this deal is your car's selling price. There is at least a $2,800 spread between its MSRP and dealer invoice price. You are being given a $1,750 dealer discount, so there's probably at least another $1,000 to play with there. See if you can get the dealer to reduce this car's selling price some. That will help.
Car_man
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Monthly lease payment: 478
23 payments made,14 to go
Purchase option @ end of lease (5/1/10): $21,340
Early termination fee: $3500 (quoted from IFS 11/2008)
When I spoke to the dealer, they said that they could not deal on any of these figures. Has anyone had any success in negotiating any of this? Does this seem like a good deal?
I bought the 2006 Infiniti G35 6MT I was leasing last month - about 7 months before the lease maturity date. I am happy with the decision -- the car is a peach!:)
The only fly in the ointment was the nightmarish experience of the purchase process. Infiniti requires that the purchase be made through the dealership and not directly with the IFS through whom the original lease was obtained. This has nothing to do with price negotiation, there was no negotiation since the pay-off amount was determined by IFS. It was the rest of the process -- what should have been done agreeably in a week was concluded in a most unsatisfactory, acrimonious manner in about 45 days! I had to make numerous calls to various people at the dealership, various departments of Infiniti, various departments of my bank, and different people in the county treasurer's office -- I had to repeat everything, nobody claimed to know anything, and nobody at Infiniti or the dealership wanted to be responsible for completing the job. Like I said, I paid for the car first week of January, and everything was concluded last week. I am so ticked off by the dealership, I do not wish to visit them ever. BTW, thanks to Infiniti changing the approved dealership twice in the last 3 years, I leased my car from one dealership, serviced my car at another, and bought out my lease at a third dealership.
I wanted to close the chapter on this saga. I hope my experience is not typical.
p.s.: Now that I am in a better frame of mind, I probably will try the new dealership once to see if they can earn back my trust.:)
MODEL: 2009 G37 Coupe - Journey
OPTIONS: Premium, Sport, Navigation, Spoiler, Illuminated Kick Plates, Glass Sensor, Trunk Cargo Net, Trunk Mat.
The MSRP is 46,090.00. Edmunds says the invoice is $42,041. He said invoice is $41927. This is looking like a pretty sweet deal. Granted, we haven't run my credit yet, which will no doubt bump up the MS a little bit.
Thoughts?
Capitalized Cost...... 42,402.67
Cap. Reduction........ 2,669.27
Tax................... 206.87
Doc Fee............... 45.00 Gov. Fees............. 8.75
Bank Fee.............. 595.00 Advance Pmts.......... 615.11
License Fees.......... 372.00
Total Cap............. 43,414.67 Total Drive Off....... 3,500.00
Cap Reduction......... 2,669.27
Net Cap............... 40,745.40 Less Rebates.......... 500.00
Residual....59.00% ... 26,998.40 Cash Due on Delivery.. 3,000.00
Total Depreciation.... 13,747.00
Rate.................. 2.790
Depreciation.......... 381.86 Term.................. 36
Rent.................. 189.01
Subtotal.............. 570.87
Tax................... 44.24
Monthly Payment....... 615.11
Have you heard if IFS will offer any March lease incentives on '09 G37 Sedans? I spoke to a dealer in Florida last week who said that March is the end of the Japanese fiscal year and typically brings the most agressive incentives from the manufacturers.
I'm looking at a '09 G37 Journey Sedan with Premium Package. When available, can you send over the March lease rates and residual value for a 36 month lease with 18k miles/yr?
Thank you!
I'd be interested in the March incentives as well. My current lease ends this month and I'd like to get an '08 G35X sedan with Premium Package. In the market for a 36 month, 12K miles lease.
Thanks!
I'm also hoping the lease money factor drops again for the 09s, as it was significantly higher in February for some reason and really had the final lease rates jacked up quite a bit. Here's hoping for lots of good news from IFS soon.
Money factor still seems pretty high. Any thoughts?
What's frustrating is that of all the variables involved, the money factor is supposed to be static, set by IFS and non-negotiable. It will be negotiable, of course, if it's just the dealer trying to pad their profit by quoting an inflated money factor.
Who says? Car dealers have been adding back ends to lease and purchase deals for a long time. In the past few years the Internet has allowed people to compare the captive finance rate and what the dealer is offering so it has become less prelevant.
In my round of shopping last year I found a Lexus dealer doing it. He admitted to the fact when asked.
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
"I wanted to follow up with updates on March Money factors and Residuals
from Infiniti Financial Service. 12000 miles per year, 36 months is 57%
residual. Money factor of .00206. 39 months is 56% residual money factor
of .00226."
Is anyone aware of better rates being offered on this car?
down, but they are quoting higher numbers than last month. I dont get it. I have never seen one on the road, and I dont think I will for a while.
Anybody got the official word from IFS yet for March?
Also, is it reasonable to expect to get a 09 G37 Journey coupe at or near invoice in March? The deals I've read about here and elsewhere are all over the board, but most seem to suggest that hitting near (or below) invoice is the target. Is that valid for 09s, or was that just for the clearance of 08s?
Any word on the March leasing terms for the 2009 G37X sedan? Again, I'm interested in 36 and 39 month leasing terms for 12K and 10K miles per year. Thanks in advance.
Sam
Ive visited a couple of dealers yesterday, and none of them wanted to sell
the G37s. The bad programs that they had have gotten even worse. The
residuals have changed and the payments are ridiculous. For a base Journey
sedan, the best price for 12k, 39 month, $1000 TDO, was $540/month.
I wonder what Infiniti is thinking? Last month, my dealer told me not to lease and 09 in February because the rates and incentives would be much more favorable in March. Yet when he got back to me, that certainly wasn't the case.
A dealer in the SF Bay area emailed me this 3 year/12K miles a year lease deal for a 2008 G35X with Premium Package, Trunk Cargo Net, Splash Guards:
Zero $0 cash due on delivery
1.MSRP $38,080.00
2. Cap cost $33,912.00
3. Residual 51% ($19,420.80)
4. Money Factor .00023
5. Monthly payment $476.80 with tax
Per Edmunds the cap cost is $1K under invoice. Does this deal sound good?
Thanks,
john
It makes me laugh though, what are the odds of him telling me the truth if the truth was that no one was buying or leasing and they were scared and on the verge of losing it. If that was true he would never tell me anyway. We read that GM is going under in the Times everyday yet they haven't lowered their prices, wtf??? Toyota is laying off thousands and closing plants and announced a 60% drop in sales yet they aren't lowering their prices and their lease deals are as high as ever.
Strange times we live in, some companies crash virtually overnight and others act like it's still a boom time. I'm really confused and amazed, but I'll bet in a year, some truth will come out and the pretenders won't be able to pretend anymore.
2008 G37 Coupe lease
*Premium Package*
$3000 down, +$3250 in inception costs (taxes was something around 1500, and 'others she said)
Leaving total down $6250
10k miles allowed a month
$375 lease payment.
She didn't give me the numbers she was going off of, but does the money down seem ridiculously high to anyone else since it is an 08 model?
Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Sedan Journey 2WD with 15,000 miles per year are .00206 and 56%, respectively.
15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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Do you happen to have the March, 2009 lease rates for the 2008 G35X? I am getting a quote of $475 (including 5.1% monthly tax) with only 1st month & title/registration due at signing on a 39 month lease w/ 15K per year. For some reason, the dealers won't give me the money factor and residual %.
how about the MF and residual on a 09 G37X with Sport, Premium and Nav for 36 mos/10k per year.
Thanks!
You know, with that money down factored in you are paying $525/month for 39 months or 20K+ total for the life of the lease. That's a hell of a lot of money and not worth it imho.
I've been reading this excellent forum for years now and every lease on every model, especially luxury models, is so confusing and so manipulative it just makes me want to scream, or get Congress to pass a law that dealers must show transparency when quoting leases. Right now it's a shell game and purposely confusing to the average buyer. If you are a dealer or a math genius and you think it's all easy, then why are there thousands of posts from confused consumers on every single lease forum regarding every single model?
I am currently leasing a 2006 G35X that is coming off lease at the end of April. For the past month I have been calling and emailing dealers about leasing a new G37X with nav and premium. They all seemed to be in the $550 range including tax for 39 months with just the bank fee upfront. I went today to Kings Infiniti in Brooklyn (the place was a ghost town) with my future mother-in-law who prides herself on her negotiating skills. The dealer gave me an initial offer of $579 and he would eat my final lease payment on my G35X. I was about to walk out and my future mother-in-law dragged me back to the table.
Long story short $515 a month including tax for the G37X with prem and nav and they will make my final lease payment. I am paying the usual upfront costs (bank fee, title, etc) but no cap cost reduction. I whish I could give you the details of my money factor, residual value and most importantly purchase price, but I was very bad and didn’t get those details. I have to pick the car up before the end of the month and have to pick one from dealers inventory.
And that brings me to my second point which I've made over and over again on this board. Any leasing expert will tell you that you should NEVER put any money down on a lease (i.e. cap cost reduction), not even the taxes. Yes, it reduces your monthly payment but if your leased car is totalled or stolen the day after you get it, your insurance company will NOT pay you any of the money back. The leasing company owns the car not you, so your insurance company will pay off the balance owed on the car to the leasing company. If you bought the car, the check from the insurance company would be made out to you and you'd have to pay off any loan on the car and then you can keep the difference. If it bothers you that you're be paying interest on the taxes by putting them in the lease payment, then take the money you would have used to pay the taxes and put it in a money market account or CD and earn some interest back. I know it will probably be less than the interest you'll be paying on the taxes but it's better than nothing. The other advantage to putting no money down is that you will have access to that extra cash in case you ever need it.
I'm in the Philadelphia area and I can attest that your deal is not being offered in this market area.
What is the name of the dealer? It would be worth the drive up to Brooklyn to purchase a car with the deal you mention.
Thanks!
That is great deal! How many miles per year? What was your total out of pocket/out the door cost including all? Would you share the name of the salesman? Thanks to all my questions in advance!!!
Total out of pocket was about $1,300 (bank fee, title, first payment etc...NO cap cost reduction). 39 months, 12,000 miles a year, but I had to take a car they had in stock. I am not picking up the car until the end of the month (that was my choice), and I am starting to wonder if this deal is too good to be true. But I did give them a $500 deposit and have a signed contract.
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