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Infiniti G37 Lease Questions

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  • dman123dman123 Member Posts: 8
    Dealer offered:

    MSRP: $37,065
    Invoice: $34,172
    Sale Price: $33,767, invoice minus $1000 + $595 acquisition fee
    MF: .00113
    Residual: 53%
    Term: 39 mo/12k miles

    Payments would be $450/month including 6.5% tax. Due at signing includes $499 dealer fee, $37 tax, $200 DMV fee, $66 government fee.

    Asked if they could sell at $500 under invoice and he said they arent going to sell the car at a loss. Dont they make up this loss with the $499 dealer fee and $595 acquisition fee? Does this deal seem alright? Looks like other people are getting it for a bit under invoice before $1000 incentive. Thanks in advance for the help.
  • dano325dano325 Member Posts: 2
    Here is the offer, would like opinions on whether this is a good deal before signing on the dotted line.

    MSRP: 39,215
    Negotiated: 32,734
    Down Pmt: $2500
    39 Mos/12K miles
    MF: .00113
    Residual: 53% (20,783)
    Monthly: $417 + tax

    I know you're supposed to put as little down as possible, but just had a bit of extra cash and wanted a lower monthly payment for cash flow purposes.
  • dman123dman123 Member Posts: 8
    Im no expert but it looks like your payment should be around $369/mo before tax with that sales price.
  • dano325dano325 Member Posts: 2
    Thats what I think to, so I've asked for the net cap cost they're using to calculate the monthly interest fee.
  • awd250awd250 Member Posts: 63
    What dealer did you get that quote from? I'm looking for the same deal
  • dman123dman123 Member Posts: 8
    From the dealer in Orlando, FL. Haven't tried any other dealers in my area.
  • jdlandjdland Member Posts: 3
    2009 G37 with a MSRP of $37,275, premium package, mud flaps, cargo net
    Base Cap Cost $32,774
    MF .00091
    Residual 55%

    Somewhere in here they have added a $499 doc fee and a $596 acquistion fee. 10,000 miles/yr for 36 months. The math works to about $452 per month/ no money in from me. Is there more to work on this deal? The MF seems pretty good. I may be close to $1000 under invoice. Thanks for any feedback.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Craig. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Sedan Journey RWD with 12,000 miles per year are .00091 and 55%, respectively.

    I believe that IFS allows any factory-installed packages, such as premium or tech, to be fully residualized.

    As long as you're in an area that has a decent level of competition, I don't think that you'll have much trouble negotiating a selling price on a G37 Sedan that's close to invoice.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi dingdong0220. Infiniti Financial Services current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Coupe Journey with 12,000 miles per year are .00143 and 57% for consumers who qualify for its best program. I'm not sure what its money factors are like for consumers with lower credit ratings. If this car is for you, you would be much better off leasing it without a co-signer. At the risk of being a little rude, yet helpful ;) , it's dangerous to co-sign a lease for anyone that you're not married to. I definitely would never do it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey dingdong0220. Unfortunately, I don't believe that the $3,000 dealer cash that you mentioned is compatible with this car's special lease program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, Adam. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37X with 15,000 miles per year are .00105 and 55%, respectively.

    Car_man
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  • jaytee1220jaytee1220 Member Posts: 20
    Car man,

    Can you please tell me what the current money factor and residual are for a G37x Coupe 39 month/ 15,000 lease? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi michaelnhl. The G37 that you're interested in probably has a spread of around $2,000 between its MSRP and dealer invoice price. If I was in the market for this car, I personally would want a larger dealer discount than $1,000. Shoot for $2,000 to $2,500 and see what happens.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings tnsjconvert. I'd be happy to help you out. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Convertible with 15,000 miles per year are .00183 and 58%, respectively.

    You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jkenney1. Here's the information that you're looking for. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Coupe Journey with 12,000 miles per year are .00143 and 58%, respectively.

    The numbers for an otherwise identical lease of an '09 G37 Sedan Journey are .00091 and 55%.

    If you were to lease either of these cars with only 10,000 miles per year, their residual values would be 1% higher.

    Unfortunately, the dealer cash incentives that you mentioned are not compatible with IFS' special lease program. There's only $1,500 cash on leases of the G37 Coupe and nothing on leases of the Sedan.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi kshankar. Here's the information that you're looking for. Infiniti Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2009 G37 Sedan with 15,000 miles per year are .00091 and 55%, respectively.

    The residual value for a lease with only 12,000 miles per year is 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey sluurrpee. Infiniti Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2009 G37x Sedan with 12,000 miles per year are .00105 and 56%, respectively.

    The numbers for an otherwise identical 39 month lease are .00125 and 55%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the info that you're looking for, jaytee1220. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2009 G37x Coupe with 15,000 miles per year are .00191 and 59%, respectively.

    The dealer cash that you mentioned is not compatible with IFS' special lease program, however in previous posts I have heard a rumor about a new $1,000 Holiday cash incentive that is. I'll look into that today to confirm. The $1,500 that you mentioned is available on leases and you should definitely take it into account when negotiating your capitalized cost.

    Car_man
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  • sewellgsmsewellgsm Member Posts: 775
    I am not familiar with states other than Texas - check with your local dealers.
  • sewellgsmsewellgsm Member Posts: 775
    texas2685 - been out of town, just got back from Vegas on an Infinit trip - got to see the 2011 M56 sport!

    This may be old news...but to answer your questions:

    1. You can get more off MSRP if you buy it
    2. No one can quote you money factors except IFS - who will not do that until they see your credit - I was using an average.
    3. Holiday Cash ($1000) and sales tax credits are good till 1/4 but we are getting low on inventory - so there is no reason to wait.
    4. Residual is negotiable in the form that you can get a higher residual with shorter terms or lower miles. :)
  • vikingmanvikingman Member Posts: 2
    Just doing a health check in this forum. I'm using m&vleasing as a broker and got the following:

    2009 G37x AWD
    Premium and Nav package
    MSRP w.destination: $44,765
    36 Months
    12K/Year
    Zero down
    $490/month (incl. taxes in PA)

    I was told Zero down, but now M&V is saying Nissan Inception fees, Registration, Plates, Title + first month...not sure how much that is (besides the $month)

    Any thoughts/feedback on this.

    Regards
    VikingMan
  • jaytee1220jaytee1220 Member Posts: 20
    Hello Car man,

    Whats is a good price for the tire protection for a G37x Coupe? Thanks.
  • tpfctpfc Member Posts: 6
    Hi Car_man,

    What's the current residual value and money factor on a 2009 G37 convertible for a 36 month and a 39 month lease with 10,000 miles/yr. Thanks.

    Rob
  • kingpcgeekkingpcgeek Member Posts: 1,051
    The tire protection is not an Infiniti thing, its something your local dealer is selling. So I doubt if anyone is going to know what a good price is.
    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
  • texas2685texas2685 Member Posts: 21
    I'd like to lease a G37 as soon as possible; however, knowing the 2010 models will be out this week, I'm debating between the '09 and '10.

    Does anyone know the pricing, lease terms, and incentives that will be available on the 2010 Sedans, yet?
  • sewellgsmsewellgsm Member Posts: 775
    No, we have not been given any of that information yet....
  • sar2288sar2288 Member Posts: 1
    Lease offer on table:

    G37x sedan - prem pkg/illum.kick plates/splash guards/trunkmat/cargonet
    12,000 miles/year
    36 months
    cap cost = $36,900
    m.f. = .00105
    bank fee = $595
    doc.fee = $250
    residual = 56%

    $1,631 due at signing (includes 1st pymt) w/ payments of $500/mo.

    or

    $0 down - $0 out of pocket at signing except 1st pymt of $530

    Any feedback would be appreciated in helping me evaluate this deal.

    Thanks!
  • awd250awd250 Member Posts: 63
    MSRP: $39,230
    0 Down Payment (1st mo. payment + DMV Only)
    $479 per month
    39 month lease term
    12K miles per year
    NJ sales tax and fees included in lease payment.
  • kingpcgeekkingpcgeek Member Posts: 1,051
    Just like a purchase the selling price on the car on a lease is a very important number. Since you have failed to provide that number its very difficult to judge your deal.
    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
  • KrovopiytzaKrovopiytza Member Posts: 16
    I believe you can do better. I got the following quote for G37x sedan with prem/nav.
    MSRP: 41,380
    $454 per month with $1,534 due at signing.
    39/12k lease
    MA sales tax (6.25%) included.

    Hope this helps.
  • iveyboundiveybound Member Posts: 13
    $447.78 without tax for a 3 year lease
  • millwood0millwood0 Member Posts: 451
    g37x premium + navigation. zero down, 440/month (tax included. or about 420/month without tax), 1100 upfront.
  • awd250awd250 Member Posts: 63
    how many miles?
  • eugeneyeugeney Member Posts: 4
    Can some one please explain how can a great (at least I think it is) offer to buy new 2009 G37X prem. w or wo Nav. $4350 under invoice can be transferred into a great lease offer? Appreciate your help.
  • millwood0millwood0 Member Posts: 451
    10k miles.
  • millwood0millwood0 Member Posts: 451
    we never negotiate monthly payments on a lease. We negotiate a purchase price as if we were to buy. then we plug in residual % (with msrp), and money factor to get to our monthly payments.

    as you may shop your financing provider so your residual % and mf will change.

    with that approach, leasing is just as easy as buying.

    the added difficulty, just slightly, this cycle is that you chose either a cash discount or low rate financing. That makes it harder for you as which is better depends on your return expectation.
  • awd250awd250 Member Posts: 63
    I've read that also but I never really understood why? Isn't negotiating the monthly price just working backwards?
  • gooddeal2gooddeal2 Member Posts: 750
    I don't really understand the logic also. At the end, it's just the monthly payment that is really matter. If you want a car that has 40K MSRP w/ 0 down, 12k/year, for 39 months, and $450/month after tax payment, why do you care when the dealers say "we can do that" even if the dealers say the puchase price is 40k?

    I only buy and I don't care how the dealers play with numbers...all I do is...here is my car and I want this car...what's the diff. OTD?
  • millwood0millwood0 Member Posts: 451
    because there are other factors in a lease such that a $400/month lease deal could be a far worse deal than a $1000/month lease deal on the same car.

    if you "fix" the other factors, comparing monthly payments makes no sense, aka apple vs. orange.
  • geddylee1geddylee1 Member Posts: 3
    Can someone look at this deal:

    Trying to negotiate in snowy Pennsylvania this afternoon:

    G37X with premium package:
    MSRP: $39,230
    Selling Price: $35,522
    Residual : $21,576
    39 mos.
    $1,300 down for inception, 1st mo., bank fee, and tags
    $468.44/mo.

    Can I get this under $450? I would like to be at $440 or less. Any help is appreciated.
  • darkhawkkgdarkhawkkg Member Posts: 4
    Signed this deal today:

    Journey with Premium package, illum. door sills, glass break sensor, trunk mat
    39 months, 15k miles per year
    First month and fees at signing ($719)
    MSRP $37,605
    Cap Cost $33,879
    MF .00113
    Payment $455/month

    I'd be happy to refer anyone in the Houston area. Very little hassle or annoying "fees".s Thanks to Sewell GSM for the help!
  • millwood0millwood0 Member Posts: 451
    the 468/month deal for a g37x+premium is what you get when you walk into any infiniti dealer, aka the equivalent of a "sticker" purchase price.

    the deal I got last week based on a 33895(purchase price)+2500 capitalized cost, 56% residual on a g37x+premium+navigation (splash guards, trunk mat/net), 10k miles / year, $41K msrp, 0.00125mf, 39month is 420/month before tax + zero down + 1100 at signing.

    the same car without navigation will be about $30/month cheaper so yours should be in the 390/month + tax territory.

    leases are easier to negotiate if you start with a purchase price, as if you were to buy the car.
  • thepostmanthepostman Member Posts: 49
    I am in the Houston area. What residual did they use to come up with that payment. I tried to input you numbers, but I could not get that payment with only those options. If you can e-mail me the dealer and the salesman because I will be leasing one this month.
  • awd250awd250 Member Posts: 63
    wow that seems like a great deal. so at sigining only $1,100 was due? what dealer is this from?
  • darkhawkkgdarkhawkkg Member Posts: 4
    The only things I can think of that would need to be factored in are the acquisition cost or destination charge which are non-negotiable as far as I know. It was a tax free lease, but there is still the minor charge associated with that $415 for mine I believe. Much better than 6%.

    I sent you an e-mail with the dealer and salesperson's name.
  • millwood0millwood0 Member Posts: 451
    it is from Fairfield country, Connecticut.

    we eventually paid cash for the car but we documented the transaction assuming both a lease or a cash purchase.
  • sewellgsmsewellgsm Member Posts: 775
    52% on a 39 month lease for 15k/yr

    L&M fees (1.25%) take the place of sales tax (6.25%) - this is what the company (Lenders & Members) charges to handle the mounds of paperwork involved with the government to get you your tax credits...bottom line is you save 5%, cost the dealer nothing, Infiniti has the tax credits they need to use sometime....it is the best time to get into a lease.
  • sewellgsmsewellgsm Member Posts: 775
    This is for the Sedan (RWD) Journey - this is the most bought vehicle. So, AWD - Base - 6sp are different.

    36 - 58% - .00172
    39 - 57% - .00187

    15k per year - Tier 0 or 1 credit (the best).

    No Holiday Cash ($1000), No dealer cash with lease, No Loyalty Rebate yet....

    Hope this helps.
  • ghetto2315ghetto2315 Member Posts: 40
    I am looking to do a 36-month lease on a G37 Sport 6MT with Premium Package ($3,200.00), Rear Spoiler ($550.00) and Navigation Package ($2,200.00). MSRP of said car is $43,815.00.

    Can anybody tell me what the Residual and MF is for this car for a 15,000-Mile Lease and a 20,000-Mile lease.. also, any dealer cash?

    Assuming I get the Residual and the MF, I can get a good idea of what my monthly payments should be at.

    Thank you!
  • shelbymomshelbymom Member Posts: 3
    Currently have an 02 I35 that we're trading in for the G37 Journey Premium.
    Two dealers offered us $6500 for our trade.

    So the lease deal is $279 per month; 39 months; 10K miles plus tax (6.5%).
    There's no money at all out of pocket. They are willing to cover inception, dealer fee, tags, cap cost reduc, first payment out of trade.

    So we hand over our car and walk out with 38 months of payments at $279 plus tax.

    Seems like a killer deal but would like some other insights. BTW we got an estimate from Carmax on our car and they were only offering $4500.

    Thanks for any help/input!
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