Infiniti G37 Lease Questions

jmb1984 · April 2009

Hi Guys. Searched and searched and didn't see anything, any ideas on what I can expect MF/Residual-wise for an 09 G37x Coupe for April? (Premium package, no-nav) Hoping with that info + some negotiating, i can get the price more in line with the 328xi I was also considering. Thanks!

allprima · April 2009

Hi all,
I recently puchased a 2008 g35x sedan and Infiniti just sent me an offer in the mail...
Basically, it's an offer code for a $500 Amex gift card on a new purchase or lease of an Infiniti vehicle. (I will also receive $150 when the purchase is made) If any of you have recently purchased or leased a new infiniti and would like the $500, please email me at allprimo@aol.com. According to the instructions on the flyer, i just log on to the infiniti website and enter the vin # of your car and my car and we both get the gift cards - no strings attached. I dont know anyone personally who is buying an infiniti soon so i figured i'd post the offer up here. Let me know if you have any other questions.

-Allison

sam_k · April 2009

Hi Allison, I just sent you an email. I'm interested in the gift card. If you don't see it, please check your spam folder. Thanks.

sam_k · April 2009

After talking to several dealers in the NY/NJ I got the money factor and residual percentage on the 2009 G37x sedan for a 39 month lease. The money factor is 0.00185 (much improved from last month) and the residual percentage is 57% on the 12K miles per year lease and 58% on the 10K miles per year lease.

jps1010 · April 2009

I see that there is a $2,000 cash incentive to the dealer beginning in April. Does anyone know if this is something the dealer can use to reduce a customers monthly payment?

kingpcgeek · April 2009

Yes, if you are not leasing or using the .9 financing.

jpierre · April 2009

Hi Car Man.. you quoted "Here's the latest lease program on the car that you're interested in. Infiniti Financial Services' new April buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Journey Coupe with 12,000 miles per year are .00113 and 55%, respectively. The money factor for a lease with only 10,000 miles per year would be the same, but the residual value would be 1% higher. "

My question is : Is this nationwide MF. I just went to dealer (april 10, 2009), Orange County, California and they quoted me a MF of .00178 (for the sedan). Is MF for sedan and coupe different?

I think the residual (if I did the math right, a bit novice at the leasing process) is 63%. I took residual/vehicle price. Maybe I should of took residual/msrp (i don;t know), but the figures are below. How can I confirm the MF was right? what do you think of the deal. Gross Cap cost is $35,992. (has nav, premimum pckg, and approx $550 in adds on that are aleady there, illuminated kick, glas breakage, splace guards, cargo net, don't need em/want em but they are there.).Residual is $22,717, depreciation is $13,275, Rent is $3.762. (36 month lease)

And like everyone else. thinking of extending my current lease 30 days, to see if Manufacturer will do anything different in May, but leary because leasing deals and dealer incentives aren't out there because lending is tight.

Your insight would be great. Thanks in advance

jmb1984 · April 2009

Agreed - desperatly looking for official april lease rates, I think I should start calling around other dealers and asking explicitly. About to sign on one that's otherwise a great deal (300 below invoice), but the dealer is claiming 0.00275 MF and 60% Residual on the 2009 G37x Coupe that I'm about the snag...and I've been reading blips of people talking about significantly lower MF's. Have a hard time always telling if they're talking about 08/09 sedan/coupe in their posts however, or if they're just mistaken... but anyhow nothing seems to be lining up. I live in Michigan if that means anything. Help!! :-S + Thank you!!

jkloss · April 2009

What is the current lease rates for 09 G37x Coupe with Premiun and Nav. - for the month of April.

Recent quote was 39 months at 65% and .00275 - 12K Miles

Looking for 39 - 10500 and 12000
Looking for 36 - 10500 and 12000

Are any incentives available for leasing.

Thanks
John

kdgreen167 · April 2009

I'm looking to lease an infiniti g37 2009. I currently have a lease with nissan and was wondering if anyone knew if Infiniti would honor nissan's customer loyalty?

jmb1984 · April 2009

kdgreen - unfortunatly no, i can confirm that nissan loyalty doesn't count towards infiniti loyalty.

jkloss - only loyalty incentives are available on leases at this time for 09s - $500 for current infiniti owners/leasers. I called a second dealer today in my area, Michigan, and confirmed 60% Resid 0.00275 MF on the 09 G37x (Prem + Nav) that I had been quoted on at my primary dealer... I take it you're in a more environmentally-friendly area perhaps? (Or at least where roads suck less?) A full 5% decrepency in resid seems odd but that's that it seems.

jkloss · April 2009

65% was quoted but I sort of believe he ment 60% - have asked the dealer for further information since the actural dollare residual was not 65 but closer to 60. So far he has not gotten back to me. This is in the northern Illinois area.

frekra · April 2009

I have been quoted $505/month and $1100 down for an 09 G37x, 39 month lease. Is this a good deal or should I wait until May to see if I can do better. Any answers are greatly appreciated.

jmb1984 · April 2009

$1100 "down", or $1100 "due at signing"? As pointed out elsewhere on these boards putting $$ down on a lease generally isn't a good thing even though you can save some pennies, read around for more.

Anyhow, what's the MSRP/Invoice of what you're looking at. Premium package + navigation? And did they quote you on how much the moneyfactor and residual value would be? If not, find out so you can make the smartest decision possible!

kingpcgeek · April 2009

To follow on to what jmb1984 told you. Besides all of the information he said you need to make an informed decision, you need the selling price (probably the most important number) and you didn't even tell us coupe or sedan.

jpierre · April 2009

Hi, not sure I'm doing this right. Dealer in my area. Orange County, CA says residual % for Journey Sedan Premium plus nav is 57%. What's the formula for figuring this out. Here's what I know:
Vehicle Price 35,992. Residual $22,717. Depreciation $13,275. Is the formula residual/cap cost? or residual/MSRP. Can someone confirm this for me? 36month lease.

Let me know. (do you need any other info?)

Thanks.

chris_b · April 2009

Hi all-

Just got home with my new G37S couldn't be more thrilled.

Anybody out there have an unused rewards program code that would like to team up with me?

Thanks!

chrispybac@excite.com

jscw · April 2009

Think to get a G37 Journey Sedan. How do you think about the current official lnfiniti lease offer, 4378 initial payment, 379/month, 39 months, 10K/year?
Thanks adv.

realhawker · April 2009

I don't care for its default setup.

I would push do the cap cost reduction - just have a higher payment. You can lose the down payment money if your car is wrecked/stolen.

I would say to start, look about 479 a month with a couple hundred down, same terms. But I am sure you could do better than that for a journey. I have a couple quotes for just over 500 a month with TTL down, with every package in a g37x sedan so....

gohorse · April 2009

Is that with the Navi? I've been quoted a G37 Sedan with Navi for $542 out of pocket at inception and $542 per month (all in, including taxes) for 36 months with 12,000 per year. Can I do better? I'm in the Atlanta area.

realhawker · April 2009

gohorse,

I think that is pretty close, given i have been looking at 10k per year, but i was looking at G37xS and 39mo. If your tax rate is around 6% I think you are at a good price point.

See if the dealer will eat the 542 if you close with him right away.

plug your #'s in here and see what it looks like resid is about 60%, money factor is .00275 in april from what ive seen.
http://www.leaseguide.com/calc.htm

jscw · April 2009

Hi redlhawker,
Thanks for the input. I was quoted as 380 monthly (+tax), 4378 drive-off (like the default one), 39 months, 10K/year for G37 Sedan Journey w/ Navi. Is that good? (rate = 0.00197, res% = 57%), except the HUGE down payment.

realhawker · April 2009

you should try the link for the lease calculator, then i wouldn't be guessing.

You should easily be able to find out the MSRP - plug in the options/packages you are getting into infiniti's site or carsdirect. Then use that and the final cap cost(if your dealer did not tell you, just use invoice, which you can get from carsdirect too). You have the res% and the rate # so you should be able to get what the payments would be. If you are seeing slightly higher payments plugging in invoice price for a lease, you are in good shape, but I have seen even lower. People getting $2000 under invoice are buying, not leasing.

gohorse · April 2009

Thanks for the info. I made a mistake and the lease term is 39, not 36. Does the MF change? It seems high.

realhawker · April 2009

usually its the residual that changes if the terms of the lease duration change - and i think you could safely use 1% for those additional 3 months (now its 59% instead of 60% for example)

money factor would stay the same - and i think its .00275 or 6.6%. Its better than last month but not great.

drjohnh · April 2009

2009 INFINITI G37 JOURNEY SEDAN WITH PREMIUM & SPORT PACKAGE (NO NAV)

What do you guys think of this deal?

MSRP: $39,115.00
PURCHASE PRICE: $36,240.00
OUT OF POCKET TOTAL: $2,000.00
CAP COST REDUCTION: $2,875.00
MONTHLY PAYMENT: $480.55 + tax
MONEY FACTOR: 0.000197
RESIDUAL PERCENTAGE: 56% (21,904.40)
LENGTH OF LEASE: 39 months
MILES/YEAR: 12K miles

kingpcgeek · April 2009

OUT OF POCKET TOTAL: $2,000.00
CAP COST REDUCTION: $2,875.00

Makes no sense.

drjohnh · April 2009

Sorry new to this. What I mean is the down payment is $2,000.00. (not total due at signing). The $2,875.00 is suppose to be the dealer discount.

jpierre · April 2009

I know the 39 month lease lowers the payment but think about lease end. You will be paying license fees/registration twice at the year your lease ends. So that lower payment by 39 month vs. 36 may not net out as you think.

kingpcgeek · April 2009

You will be paying license fees/registration twice at the year your lease ends
Not true in every state. For example here in AZ you get a refund from the state for the prorated unused registration fees, or you can roll it into the registration on the new car.

realhawker · April 2009

I plugged in

MSRP - 39115
Base Cost - 36420
Residual - 56% - 21904
term 39mo
sales tax -you didnt say so i used 7%

monthly payment is $482.13 + $33.75 for tax = $515.88 a month.

Your out of pocket seems a bit high if you are not paying taxes upfront. Have the dealer outline EACH upfront cost.

drjohnh · April 2009

This is the latest deal I have worked. Is this a decent deal and is the bank fee supposed to be added to the adjusted capitalized cost.

Any feedback would be greatly appreciated.

2009 INFINITI G37 JOURNEY SEDAN / PREMIUM & SPORT PACKAGE (NO NAV)
The vehicle the dealer was able to find has a cargo net, lighted kick plates, splash guards and a trunk mat.

ITEMIZATION OF AMOUNT DUE AT LEASE SIGNING
Capitalized cost reduction (amount paid in cash) - 0
Sales tax on amount paid in cash - 0
Capitalized cost reduction (credit for net trade-in allowance) - 0
Sales tax on net trade-in allowance - 0
Advanced monthly payment (first month) - 539.04
Refundable security deposit - 0
Initial title fees - 60.00
Initial registration fees - 124.00
Florida fees / tire and battery - 6.50
Dealer fees - 499.00
Taxes - 0
Total amount to at lease signing - 1228.54

MONTHLY PAYMENT / SINGLE PAYMENT DETERMINATION
Gross capitalized cost - 36800.00
Capitalized cost reduction - 0
Adjusted capitalized cost - 37,395.00(includes bank fee)
Residual value - 22,472.25
Depreciation and any amortized amounts - 14,922.75
Rent charge - 4,482.72
Total of base payments - 19,405.44
Lease payments - 539.04
Base monthly / single payment - 539.04
Monthly sales tax - 37.73 (lake co.)
Total monthly payment - 576.77

12000 Miles/year after which the rate of .20 cents per mile is charged.

CarMan@Edmunds · April 2009

Here you go, Sam. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Infiniti G37X Sedan with 12,000 miles per year are .00166 and 58%, respectively. The numbers for an otherwise identical 39 month lease are .00185 and 57%. If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher. Infiniti is not providing support on two year leases right now, so you definitely do not want to lease one for that term.

Car_man
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CarMan@Edmunds · April 2009

You're very welcome, mtw76mtw.

Car_man
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CarMan@Edmunds · April 2009

Sorry about that, mtw76mtw. Those were the 2008 numbers. Infiniti Financial Services' April buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Journey Coupe Sport with 12,000 miles per year are .00263 and 62%, respectively. The money factor for a lease with only 10,000 miles per year would be the same, but the residual value would be 1% higher.

The difference between the program on the '08 and the program on the '09 is not is big as the money factors make it appear because the residual values are significantly higher on the 2009 model.

Car_man
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CarMan@Edmunds · April 2009

Hi jpierre. Infiniti's lease program is national right now, but it is different for the Sedan and the Coupe. The .00178 money factor that you were quoted for a lease of a base 2009 G37 Sedan is correct.

It's great that you know what this car's selling price is. That is a very important number for lessees to find out. If you let me know what this car's MSRP or dealer invoice price is, I can compare it to either one, I'll gladly tell you what I think of the price that you were quoted.

Infiniti's current incentives are scheduled to run through the end of the quarter. I don't think that there is any advantage to extending your lease for another month, but it is impossible to say whether Infiniti will make any unscheduled revisions to its programs.

Car_man
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CarMan@Edmunds · April 2009

Hello jmb1984. The money factor that you were quoted is about right (it's actually .00273, not .00275 but the difference is negligible). $300 under invoice is an excellent selling price for this car. Since the money factor and selling price look good, if you like the car I personally don't see any reason not to pull the trigger on this deal.

Car_man
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CarMan@Edmunds · April 2009

Here's the information that you're looking for, John. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37X Coupe with 12,000 miles per year are .00273 and 62%, respectively. The numbers for an otherwise identical 39 month lease are .00275 and 59%. If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.

Car_man
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CarMan@Edmunds · April 2009

Hey jpierre. Vehicles' residual values are based upon a percentage of their full MSRPs, including the destination charge and the MSRPs of any options that can be residualized.

Car_man
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jps1010 · May 2009

Hi Car_man,

This forum is great. There is so much information out that here that really helps someone like myself who is looking to lease a new car. When you get a chance can you tell me the May money factor and residual for following,
2009 G37X sedan
12,000 and 15,000 miles per year
36 and 39 months

Thank you.

zooch76 · May 2009

Hi Car_man,

We all know that your credit score will affect the amount of your lease payment. Is there a set dollar amount that your credit score/tier should increase your payment amount?

For example, if Infiniti is advertising a $399 monthly payment for a G37 but it is for tier 0 only, can we figure out how much the payment would be for tier 1 credit, tier 2, etc?

I know I am tier 2 with Infiniti/Nissan so what is the maximum monthly premium I should be willing to pay on top of a tier 0 advertised special?

Thanks in advance!

dong84 · May 2009

Hi all,

I am planning to leas eG37 and hopefully with no downpayment, I look forward paying less than $500 a month. let me know if you guys think if it's possible,

Here are some numbers I calculate. there is curretnly $1k for rebate for buyer and $2k for a dealer, so I subtracted $3k from sellin price.

MSRP 37865
Selling Price 32763
Money Factor 0.00273
Length 36
Residual 0.62
Car Value after lease 23476.3

Depreciation 257.9638889
Interest rate 153.533289
Total Monthly Payment 411.4971779
Tax 24.68983067
Total Payment 436.1870086

kingpcgeek · May 2009

You can't get the $2k dealer cash when leasing

gforce11 · May 2009

Personally, invoice + $1k rebate is more realistic realistic. The $2k for the dealer is probably at their discretion, so you may not be able to get much, if any of it on a lease. Money factor truly blows by the way. Not sure why you'd want to pay that kinda interest on your loan.

kingpcgeek · May 2009

As I already said you can't get any of the $2k dealer cash on a lease. Infniti doesn't pay dealer cash on leases or special finance rates.

dong84 · May 2009

In MD, got a deal G37 following...

g37 journey
MSRP=42880
Price=37999
39 months
$594 with nothing down.
I guess money factor will be .0025 and residual is 59%

What do you think? Thanks.

realhawker · May 2009

seems like an expensive journey model - is that every option possible?

first I would make sure you are at about $500 below invoice at least. Make sure your MSRP matches up with your options..

then go here and plug in your numbers to find our of everything is kosher...
http://www.leaseguide.com/calc.htm

sam_k · May 2009

Hi everyone, I just leased my 2009 G37xS sedan from Legacy Infiniti in Lynbrook on Long Island and I wanted to recommend them. For the cap cost in the lease, they went $500 under invoice price (on a car they had in stock) which no other dealers were willing to do and I emailed or spoke to about 10 different dealers in the NY/NJ/CT area. Most dealers wanted slightly above invoice price or more as the cap cost since they don't get $2K dealer cash. Legacy Infiniti also has a referral program that I'm willing to share with you if you say that I referred you. Please email me @ Sam.Khoury@gmail.com if you want more details.

They were also willing to do a locate for a car with the options/color I wanted and were only going to charge me $250 more to get a car from another dealer, meaning $250 under invoice to get a car from another dealership. In case you're wondering why that's important, I'll explain. I wanted a black or platinum graphite G37xS sedan with certain "accessories" such as the rear spoiler, front chin spoiler, etc that can either be factory installed or dealer installed. The Infiniti website gives you the impression that these accessories are only dealer installed but that's not true. All of them can also be installed at the factory (or at the port) which means they are included included in the sticker price and when you're leasing it's always better to have them factory installed because anything that's in the window sticker is residualized as part of the lease which means you're only paying for the depreciation on those accessories. If the accessories are dealer installed then you have to pay for 100% of the cost (either up front or financed in the lease). Basically you have to pay 100% of the cost for anything added to the dealer as opposed to just the depreciation on anything in the window sticker. To give you an idea of the cost difference between having those accessories dealer installed versus factory installed....to have the dealer install the rear spoiler, front chin spoiler and midnight black grill was almost $2000 between parts and labor. If I financed that extra $2K in the lease, the monthly payment went up by about $60 or $65 over a 39 month lease. If the accessories were factory installed, it was only another $1200 in the window sticker (since there's no labor charge when they're factory installed). And since you only pay for the depreciation on that $1200 (plus interest), the payment would have been only $15 more per month. A $45 payment difference ($60 versus $15) for the same accessories is a big difference over 39 months - $1755. Basically if you have a choice between having the dealer install the accessories versus having the dealer locate a car with the accessories factory installed, it's almost always better to have the dealer locate a car if they won't charge you too much to get the car for you. This again is because of the way leases are calculated. In my case Legacy Infiniti was only going to charge $250 if they were able to get a car from another dealer with all the options I wanted.

drjcool1 · May 2009

Sam k
Can you be more specific about the deal? Did you get premium and nav? How much down? How many miles per year? How much down? what was the monthly payment? Thanks!

sam_k · May 2009

Sorry, here are the details of my lease.

G37xS sedan with premium pkg, navigation pkg, technology pkg, sport pkg, splash guards (sport), trunk mat and trunk cargo net.

MSRP $43,525
Invoice Price $39,840

If you price out the same car now, it will be $55 more ($43,580) because in the past few weeks the destination charge has increased by $50 from $815 to $865 and the trunk mat went up by $5 from $100 to $105.

The only money I put down was a $500 loyalty credit from Infiniti since I was completing a lease of an M45. I put the $595 bank fee, $45 documentation fee and 8.625% sales tax (suffolk county NY) in the payment. I was lucky that NY state has a law that limits the documentation fees. All of the NJ and CT dealers had documentation fees between $250 and $330 and they claim it's not negotiable. That's just a way for them to pad their profit.

Now the cap cost of the car was supposed to be $500 under invoice ($39340) but someone screwed up the paperwork and it ended up being $280 under invoice so my cap cost was $39560. Since it was pretty late in the evening on April 30th (the last day of the month) to redo the paperwork, I had them throw in a midnight black grill accessory to make up the $220 difference. My payment was $539.39 including tax. Had they used the correct cap cost of $39340, the payment would have been $532 something. I only paid like $680 total out the door. That was my first payment and DMV fees to transfer my plates.

Infiniti G37 Lease Questions

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