Infiniti G37 Lease Questions

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  • capetocairocapetocairo Member Posts: 4
    This week I will get serious with dealers in the Mid-Atlantic. My old lease is up at end of month. Looking to find a great deal on a 2009 G37x coupe with Premium and Nav. Hoping for a win-win by taking excess inventory off of a dealer's lot ahead of the 2010s. (They may not see it that way, but I am sure they will respect me the next morning.) Clearly, the base price of the car, if it is in inventory, looks like at least $7,000 below MRSP according to this forum. One local dealer, who just removed his Internet prices (?), was consistently $7,500 below MRSP.

    In this forum, I have seen 2009 money factors and residual rates for similar cars, but not exactly for this coupe. I am likely to go as high as 20k per year for miles, so I would need at least the rates that apply to 15k. Thank you. I am working my calculator furiously. Every ten bucks helps in this economy.
  • ghetto2315ghetto2315 Member Posts: 40
    The #'s that I used were purely for example.
  • getzstewiegetzstewie Member Posts: 4
    Thanks for you help. One final question what is the money factor on the G37x sedan. thanks again!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, getzstewie. Infiniti is indeed still providing lease support on the 2009 G37X. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of one with 10,000 miles per year are .00125 and 56%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome. Here's the Coupe info.

    Infiniti Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Coupe with 15,000 miles per year are .00202 and 65%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, allagaroo. You are correct, 10k residuals are 2% higher than 15k resids.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome chirostuff. Since you are new to the world of leasing, 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.

    In short, to me the best way to get an attractive lease is to negotiate as low a selling price as possible. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let us know what this car's selling price is (along with a more detailed description of what trim level you want) and I'm sure that either myself or another helpful community member will let you know what they think.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi capetocairo. Here's the information for the exact car that you are interested in.

    Infiniti Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2009 G37X Coupe with 15,000 miles per year are .00176 and 60%, respectively.

    Good luck in your quest for a new G Coupe (I personally love this car). Make sure to let us know how everything turns out.

    Car_man
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  • casp80casp80 Member Posts: 17
    gooddeal2 and ghetto2315, thanks very much for your inputs.

    Yes, the car was leased for 24months with 15000 miles. It is a G35x (AWD) sedan with Premium/Nav/Tech packages. I currently have 28000 miles on it. I was searching Autotrader.com to find similar vehicles and they are all in the 29000-32000 mark. So, at this point this residual looks like it is better than the other options!

    But, I am going to check with my dealer to see if he can work the deal like you guys had mentioned.
  • casp80casp80 Member Posts: 17
    BMW540, it is interesting that they offered to lower the price...

    Unfortunately, that doesn't seem to be happening in my case. However, the residual seems to be better than the current selling price of the car in the market.. so I might go for it anyhow if my dealer does not help with buying from Infiniti and then reselling it to me.
  • casp80casp80 Member Posts: 17
    sewellgsm, thanks for your reply.

    I do understand what you mean as far as the residuals go. But, I was hoping that I could buy for something more than the auction price but less than the residual. It seems to be out of question now.

    The car is a 2008 G35X with Premium/Tech/Nav packages. It has currently got about 28000 miles on it. I was checking for prices on similar vehicles in Autotrader and they seem to be in the 29000 - 32000 mark. CPO's are around 33000. At this point, I am hoping that my dealer would buy it and sell it back to me at a lower cost...
  • jbrady3324jbrady3324 Member Posts: 42
    Black Infiniti 37x w/ premium, sport and navi

    Cost-$37,960
    Residual - 55%
    MF-.00125
    Monthly-$475
    $2000 day includes taxes and tags
  • jkwcmwjkwcmw Member Posts: 11
    Car Man and/or Sewellgsm, would you know the residual and money factor for a 2009 convertible with premium and nav and 15k miles/yr on a 39 month IFS lease? Also, I'm looking to get the spare tire kit, the wind deflector, the black grill and the rear spoiler with integrated antenna. Are there any less expensive options then the dealers MSRP? Thanks in advance for your help.
  • jbrady3324jbrady3324 Member Posts: 42
    Invoice=39,177
  • ronnie14ronnie14 Member Posts: 1
    Hi,
    Wonderful people on this sight, thanks for the wealth of information.
    My last payment on my G35X is Feb 1st. ($498.00).
    I was wondering if I should go into lease now to be able to save some $$$ with these deals.
    I was offered a G37X premium pkg MSRP $39.230
    36 months
    18k miles
    $515.00 a month including NY tax, $1247.00 total out of pocket + $498.00 last payment. Is that a decent deal?
    Thanks in advance.
  • capetocairocapetocairo Member Posts: 4
    Car_man,
    You were very kind to help set me up, but things did not go as planned and now I am in turmoil. I went to the Tysons guys in Northern Virginia where they have the most inventory in the region. Several bad things happened. First, I actually spent some time in the cockpit of the car plus driving and found myself disappointed. I know everybody loves this car (and well they should), but I am coming from an M35X. The G37 just seems more cramped (smaller navigation screen, less personal storage, etc) and far less luxurious---lots of hard, cold surfaces. Plus, I had forgotten how modern engines (I used to own vintage MGB-GT's) put the driver much lower versus the hood. It is a matter of taste, I know. Secondly, the one car that intrigued me the most was a red one with the wood interior package. The only wood interior on the lot and the only one in the Mid-Atlantic as far as I can judge by websites. But the dealership had just sold that car to a New York dealer. So, there is some info for you---no wood is left in East Coast 2009 dwindling inventory. Finally, the pricing for this lease was surprisingly not competitive with my Maryland dealership on the G37. This dealership seemed to imply that Infiniti (or at least this dealership) is not worried about moving out their 2009s, so there are no heroic lease supports.

    So here is where I stand in chaos. The clock is ticking on my 2008 M35X lease expiration at end of month. I can go with a good lease on this G37x from my current dealer, which is probably just over $600 per month with my high mileage. I can keep my M35x and find financing, but I have some tires and brake/rotor costs ahead of me. There are some 2009 M35x's around and I could consider a new lease on one of those. I could look at 2010 M35's, but the pricing is way up and the car is essentially the same as its prior year models. Finally, I am considering the Hyundai Genesis, which is much the same car as the M35 for a $10k or more reduced sticker price. I know it is sacrilegious to say this, but I wish the G37 was better appointed. With high mileage, I spend a lot of time cruising from town to town as opposed to performance driving. I had thought of the G37 as the sport version of the M35, which in unfair because I think some aspects of the interior are built into the great pricing relative the Lexus and other competition. Driving/engine purists out there probably wish it was stripped down more. Like I said, a matter of taste.

    I am waiting on a lease quote on a Genesis before attacking this again. Your thoughts are appreciated. Otherwise, I will at least post the final outcome.
  • jbrady3324jbrady3324 Member Posts: 42
    See my post above on my current deal. I honestly think I can knock them down another 5-10 bucks on the monthly payment, but the salesman is a really nice guy and I do have a trade-in. I think you can knock them down even further. I just lined up 3 dealers and play the numbers game for few hours over the phone.
  • lukelamportlukelamport Member Posts: 2
    Car_Man or sewellgsm,

    I'm looking to do a 15K lease on a 2009 G37 sedan with premium/nav...possibly a 2010 (with the same options). Can you give me the January IFS figures on each of these vehicles and a decent monthly payments expectation (with only first and fees at signing).

    Live in Houston.

    Thanks
  • homie3368homie3368 Member Posts: 11
    I want a 2009 g37xs sedan. Black on Black. Prem, Navi, Sport Packages.

    MSRP= 42,165
    INVOICE= 38,700

    Quoted $549/month for 39 months with 15,000 miles a year. 1st payment, dmv and doc fees due at signing. which would be around $750.

    Again...Deal or No Deal???? btw..I'am in the NY area. The dealer said he would give it to me at invoice pricing..
  • homie3368homie3368 Member Posts: 11
    OK.. just got a new deal..

    new selling price 37,465
    money factor 0.001250
    residual 54%
    515x39 with 1st payment excluding dmv charges
    15k yr.

    AGAIN..Deal or NO Deal
  • homie3368homie3368 Member Posts: 11
    OK...Just did my own calculations with the numbers he gave me and i get $486.61 a month...so where's the extra $30 coming from????? I'll call him back tomorrow, and keep you guys posted..
  • uffllaauffllaa Member Posts: 16
    saw your post
    offered something similar from a dealer in miami
    where are u?
  • jbrady3324jbrady3324 Member Posts: 42
    I am in NJ. What was your offer?

    I just purchased the car today for 35K instead of leasing. On the lease, I think I could have beat him down another 300-400 bucks.

    Lease - 39 Months 15k
    Invoice - 39,300
    Cost - $37,800
    Monthly - $433
    MF - 0.00125
    Residual - 56%
  • jbrady3324jbrady3324 Member Posts: 42
    Tell him to take a few hundred off and then ask him for the 1K lease sell-down rebate!
  • casp80casp80 Member Posts: 17
    Well... I did talk to my local dealer about buying this vehicle at auction and selling it back to me. They said that they will try to do that for me but that there is a lot of risk involved. They said that there are 100s of dealers bidding on the vehicle and not just the infiniti dealers. Looking at my car condition he felt that it would attract a lot of bids and that the chances of them getting the vehicle would be slim. If they had to absolutely go for it, then may be I would end up saving about a 1500 from where I am. The dealer doc fee is like 400 and there is shipping costs involved as well. They said the net benefit I might be looking at is $900-800 which may not be worth risking this option as opposed to buying it out if I really liked it. I need help deciding.......
  • ghetto2315ghetto2315 Member Posts: 40
    Infiniti dealers don't have a Purchase Program? I work for Mercedes-Benz. Whenever a customer returns a lease, we take it in and it is our (the dealer) discretion if we want to purchase it and sell it as a used car. If we don't, MB just comes and picks-up the car and they are free to do what they want with it. If we (the dealer) like the car and it's clean, relatively low mileage, and not much (if any) work needs to be done, we'll buy it from MB and sell it to be either CPO''d or just sold "As Is" with no CPO Warranty. No other dealer can take it from us.

    I'm surpised Infiniti doesn't have a Purchase Program like this...
  • casp80casp80 Member Posts: 17
    The finance manager at the dealership told me that if they had to purchase it, it will be at the same residual price as I would pay!

    I like this car a lot and I am specific about the color and the options it has. So, it is making the decision to wait on an auction that could slip through a hard one.....
  • homie3368homie3368 Member Posts: 11
    He just threw in free oil changes for the life of the lease.... I think im pulling the trigger next week.....

    Final deal..
    2009 g37xs sedan prem, navi and sport. Black on Black
    new selling price 37,465
    money factor 0.001250
    residual 54%
    515x39 with 1st payment + dmv charges = $800 drive off
    15k yr.
    and free oil changes for the life of the lease..
  • jbrady3324jbrady3324 Member Posts: 42
    It's a good deal. Enjoy! I just drove the same car home a few hours ago
  • homie3368homie3368 Member Posts: 11
    Thanx....Enjoy your new ride...
  • davem106davem106 Member Posts: 6
    Does anyone know the January MF and Res % for a 2009 Coupe with Prem 36/15K? Or 39/15K? All the posts above have values for X model. I just want a simple RWD with premium pkg.

    MSRP is 40,715
    Inv is 37,494
    Selling price (per car buying service) is $32,194.

    Also I've never leased from Infinit, what should I expect for Acq fee, Dealer fee and doc fees. My latest Mazda lease was 595/799/199. I'm in FL.

    Thanks in advance your response
  • awd250awd250 Member Posts: 63
    what's your email? is there a way to do PM's here?
  • mjsmandersonmjsmanderson Member Posts: 1
    Forgive my newbiness, but I'm researching the best way to obtain a nice sedan by paying the lease up front in full... I'm ok with a 2009, as long as its a new car.

    I am willing to spend about $15k in cash up front, to avoid financing, etc, and am wondering if the G37X lease can be bought for $15k? What is the total amount of the lease on this car? Is it $15k for 37 months as suggested by a few posts above?

    Also, any suggestions to other cars for a $15k total lease package? What does the wisdom here say about the Acura TL, BMW 3, or Mercedes C350?

    Thanks for your help and guidance.
    M
  • millwood0millwood0 Member Posts: 451
    why do you want to pay more when you can pay less?
  • domain311domain311 Member Posts: 26
    Does anyone know the MF and Residual for a 2010 sedan 6mt 39/10k?

    Thanks!
  • cookiecassiecookiecassie Member Posts: 4
    I'm in the early stages of deciding on a hardtop convertible. Tested the 2009 G37 convertible today at Infiiniti of Tampa and got a lease quote for the vehicle with Premium and Navi packages.I did this with their internet sales guy. Infiniti is currently running a lease offer of $539/mo. with $3999 down on convertibles with Navi/Premium.

    Here's the initial quote, but it still seems a tad high to me. This is with $3000 down , drive off amt. on a 39 month lease.

    MSRP $50,963
    Vehicle Price - 46077
    Acquisition Fee - 595
    Gross Cap Cost - 46672
    Cap Cost Reduction (My $3000 minus the doc fees, 1st month, tax, lice, etc.) - 1385
    Adj Cap Cost - 45286

    Residual - 30339
    Depreciation - 14947
    Base Pmt. 558.73 + Mo. Tax of $39.11
    Monthly Pmt. - $597.84

    Doesn't the residual amount seem kind of high? I also didn't get a money factor included in the quote. I'm kind of new at asking for lease advice so hope I included enough info to get your opinions.
  • allagarooallagaroo Member Posts: 88
    my dealer is charging sales tax on my up front bank fee. Is that necessary in NY state? :confuse:
  • kyfdxkyfdx Moderator Posts: 262,255
    Not positive about NY, but generally, it is taxed in most states...

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  • millwood0millwood0 Member Posts: 451
    "Doesn't the residual amount seem kind of high?"

    if you are concerned about that, leasing just isn't for you.
  • cookiecassiecookiecassie Member Posts: 4
    Like I mentioned I'm kind of new to this. I'm just trying to find out if the deal is good or not.
  • kyfdxkyfdx Moderator Posts: 262,255
    The point is: the higher the residual (what the car is worth at the end of lease), the less of the car you have to pay for...

    Higher residuals = lower lease payments..

    If your goal is to eventually own the car, then the residual isn't that important. But, in most cases, if that is your goal, then you are better off purchasing in the first place.

    regards,
    kyfdx
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  • cookiecassiecookiecassie Member Posts: 4
    Aha. Ok, now I get it. So, ignore what I stated in the original post, I was mistaken. I guess overall, I'm just wondering if the post I made is a deal or no deal.
  • millwood0millwood0 Member Posts: 451
    "I'm just wondering if the post I made is a deal or no deal."

    your questioning the high residual suggests that you lack basic understanding of how leasing works.

    you can do yourself a big favor if you truly comprehend leasing before you start lease a car. a lot of times people got taken for a ride on leases because they simply don't understand how they work.
  • casp80casp80 Member Posts: 17
    kyfdx,

    Your statement:

    "If your goal is to eventually own the car, then the residual isn't that important. But, in most cases, if that is your goal, then you are better off purchasing in the first place."

    is not always true.

    You can actually lease a car to buy at the end of lease, provided the following things fall in place:

    1. Very Low Residual Value
    2. Very Low Money Factor
    3. Unavailability of funds at this point in time but there is a necessity for the vehicle. You could save up for the down payment at lease end, assuming your lease payment is $100 or so more than the actual payment, which will give you at least $3900 to put down on the car (on a 39 month lease)
    4. Some financial institutions offer up to 1.5% off your interest rate if you put down 20% of the car value. So, the lower the residual it helps meet the criteria
    5. GAP insurance is part of leasing during the heavy depreciation period
    6. You have some special incentives offered by manufacturer towards leasing
    7. There is a chance that you could negotiate a lower price at lease end

    I leased a 2009 FX35 to buy at lease end. Based on my calculations, the total expenditure that I would have incurred by financing the car for 5 years would only be $600 less than what I would have paid out with the lease + buy option in 75 months!

    Also, my payments would stay at or below $600 the entire period as opposed to buying which would have made me put a down payment now and also pay about $750 per month!

    So, I would suggest taking into consideration the lease to buy option as well. You need to make sure you look at the numbers and see how it compares to the outright buying option.
  • cookiecassiecookiecassie Member Posts: 4
    Yes, I know I need to learn more about leasing. That is why I'm on this site. I guess I was mistaken by coming to this forum before I was well versed in it. Apparently the only feedback I'm going to get is being chastised for not knowing enough. I'll lurk, but I guess I'll know better than to post here again. :mad:
  • tdjtdj Member Posts: 5
    CarMan,

    You helped me a couple years ago, hoping you can do it again...Do you have the MF and Res for the 2009 G37 Convertible? Are the numbers the same for the G37 convertible as the Coupe? Specifically, I'm looking for G37 convertible, 15k or 18k annual miles, 36 months or 39 months. MSRP is $53,345, sales cost is $47,122. I'm in Boston if that's a factor.

    Thanks for your help!
  • millwood0millwood0 Member Posts: 451
    "I guess I was mistaken by coming to this forum before I was well versed in it. Apparently the only feedback I'm going to get is being chastised for not knowing enough. "

    I am sorry that your ego got hurt.

    Just remember that while people hammering you on your ego may not always be your friends, some of those who inflate your ego are your enemy waiting to stab you in the back.

    Good luck.
  • chirostuffchirostuff Member Posts: 10
    Am I missing something . Two dealers where around this price per month
    The other dealers where 40 dollars more per month on LEASE

    Am I missing something? here below is the quote from NJ dealer. I have read the lease buying guide and used the calculator

    2009 Infiniti Coupe AWD Journey with Premium and Navigation Packages
    MSRP: $44825.00
    Internet Selling Price $39661.00
    Total Savings $5164.00

    Money Factor .00191
    Cap cost reduction is 152.00
    Residual .51 60%
    Bank fee $595.00
    Sales tax for 19002 9% (PA)

    $1000 down
    39 months/10K
    $499.42 per month

    39 months/12K
    511.89 per month
  • kyfdxkyfdx Moderator Posts: 262,255
    cookiecassie..

    You can find good information on leasing here: Edmunds Leasing Tips

    Also, you can try posting here or here.

    Also... always feel free to ignore any post that you don't like! ;)

    regards,
    kyfdx
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  • nickr1nickr1 Member Posts: 51
    Hi, I'm considering the G37 coupe with premium, maybe AWD, maybe Nav. Has anyone leased a spec like this in NY and what was your price for 36 months 12k miles per year?

    Also, what is the "$3,000 marketing support" that goes to 3/31/10 that's mentioned on the myride.com website? I don't see it anywhere on Infiniti's site, myride says it's specifically for the 2010 G37 coupe.

    In Ny, tax upfront, dealer des upfront, bank fees, first payment upfront is impossible to avoid, isn't, so no matter what deal you cut you will pay around $4,000 up front, correct? Then, I would guess something like $430 a month without AWD and Nav, and more like $530 a month with AWD and nav.

    So, I guess I'm asking, what is your msrp and invoice, your spec, reg coupe or AWD, Nav or no Nav, 36 months, 12K miles, lowest down, monthly cost. Thanks if you know.

    By the way, I went to the dealer to get this info and couldn't get it. He was busy, the car sells itself, and he "implied" that unless I was serious to buy now, then he couldn't tell me or give me the best deal and the best price. he said this as if it was a secret bonus, that is, if you commit, then he will discount. I wasn't in the mood to lie, because the truth was, unless I get the best deal, I'm not buying. So now, basically, I'm looking for real world experience with that spec specifically in NY, where I find it really hard to get info that's real and where lease and tax prices appear to be higher than anywhere else. Thanks.
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