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This is my first time leasing so I'm very green and don't know whether I'm getting ripped off or not... The deal I'm getting is for a 2009 G37x sedan w/ MSRP of $41,230. Its a 39mo lease with 10k a year. The monthly payments come out to be $500 and total out of pocket is first payment plus plates. I have not gone to many dealerships because I'm truly strapped for time and have no clue whether those advertised specials on dealer websites are true... If anyone can please shine some light on what i can be getting or should be getting as monthly payments I will be beyond grateful! Thanks!!!
This is probably old news to you but: 59% residual on Convertible, 39 month, 15k
We have $2000 dealer cash on Convertibles, so you should be able to get some discount from the dealer + $2000 more off to go along with great residual.
09 G sedan, 39 months, 15k - residual is 52%
10 G sedan, 39 months, 15k - residual is 57%
However, the money factors are better on 2009, plus more discounts from dealer and $1000 from Infiniti on 09.
09 coupe (getting hard to find), 36 month, 15k = 57%
39 month, 15k = 56%
Acq fee = $595, Dealer fee = $0 (if there is one, it is just a profit to them), Doc fee = don't know Florida, but around $200 in Texas.
If you really pushed - you could get it down another $15/month or so, but overall it seems fair.
Sorry those other guys were so vague...
They seem backwards, but they are not! Higher residual on longer term; however, the money factor is higher on the 39 month lease.
If you want more miles - it is 10 cents per mile.
I would go down to the dealer that is closest or that you like the best and pick one out - you could probably get them to knock off about $15/month or throw in tint or something, but your in the ballpark.
J
the msrp of the car was $41,380 so I think yours should be close.
I ended up buying the car at 33,895 but the capitalized cost for the car would have been just $2500 more for the lease.
the drive-out cost is $1k, which includes 1st payment + taxes + other stuff.
I think you can do better.
After much thought, I have settled on leasing the following vehicle...
2009 G37x Black with Graphite interior. ( Would also accept Graphite or Liquid Platinum exterior) 15k miles and either 36 or 39 months.
Options needed...Premium Package, Navigation, splash guards, trunk mat and cargo net.
MSRP $41,380
It appears I should expect to pay about $36,000 after the $1000 lease cash has been applied. Should I expect the dealer to kick in any of the $2500 dealer cash to lower the cap cost further?
I need the following information...
Residuals and money factors for 36 and 39 months.
It appears there are at least 15 of these cars within a 100 mile radius of Indianapolis and I plan on reach out to at least 4 dealers with this request.
I will pay first and fees at inception.
Thanks for your responses.
Nothing down
Only paying $1,100 first month, dmv,etc down
15,000 miles per year NY taxes in payments
480 per month for the 2009
OR
510 per month for the 2010 (Exact same conditions as above)
grey graphite with the dark interior
i appricate your feed back on this deal. does anyone think the 2010 is worth $30 bucks more per month. i plan on getting the car tomorrow
Thanks..
Todd
if broker, who are u using ? ez leasing, grandprix, signature, empire,regency ?
Nothing down all im paying at signing is $1,100 dollars for 1st month,dmv,bank
15k with NY taxes rolled into monthly payment 480 per month for either 36 or 39 (not sure) for a 2009.
do you think its a good deal?
I am getting a quote for a 2009 G37x with premium + navi for $450/month including tax and first month payment of $2600 including all taxes and title. Is this a good price?
Thanks.
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
Thanks.
you should be able to do better now.
Now - I would never agree to that deal from my end - because it makes NO money at all for the company. I would charge $500 over on the price and .00167 on the money factor and the payment would be $446. And that is still a great deal.
So, if your quoted $450 - you are in the right ballpark. (in my opinion).
Good luck and keep in mind there are no more 2009 vehicles coming, what is on the ground is it - if you wait to long you will have to go to a 2010 and those are running about $40 or so more.
2010 6MT Sedan with Nav Package
MSRP w/destination: $39,715.00
Was told a money factor of .00187 and residual of 61%
10k a year 39 months was offered the following:
$480.00 per month with only DMV due at signing or...
$419.00 per month with $2,485.92 due at signing plus DMV-(Sales tax $1459.42, Tire tax $12.50, first payment $419.00, bank fee $595.00)
Plus looks like I'm going to have to order which will take 90 days they are saying...anyone have experience ordering?
Any input is greatly appreciated!
Thanks...
a) capitalized costs 33895+2500=36395
b) msrp 41380
c) residual % 56%
d) money factor 0.00125
e) term 39
f=b*c) residual $ 23173
g=(a-f)/e) depreciation / month 339
h=d*(a+f)) financing cost / month 74
i=g+h) Total Monthly Payment 413
you can easily implement it in your excel.
it is for a 2009 G37x, Premium + Navigation, 10kmiles/year for 39 months. All Infiniti numbers. zero down, and the drive-off payment is $1k (including the 1st monthly payment + taxes + title + fees). all the numbers are before taxes.
the purchase price for the car is 33895, cash. Because I had to use Infiniti financing, I wouldn't be eligible for the $2500 discount, so for the capitalized cost for the lease is 33895+2500=36395.
since your drive-off payment is $1.6K higher than mine, I would attribute that as a down payment. If I do that, your numbers look like this:
capitalized costs 34795
msrp 41380
residual % 56%
money factor 0.00125
term 39
residual $ 23173
depreciation / month 298
financing cost / month 72
Total Monthly Payment 370
adding 20-30 dollars for taxes will bring the total to about $390 - 400. or about $50 cheaper than yours.
What this shows you is that you HAVE to negotiate on purchase prices first and work your way down there. Do NOT fall for the dealer trap of negotiating monthly payments because they have too many ways to screw you that way.
good luck.
What is the residual and money factor for a 10k/36 month lease?
Would a cap cost of 38k be out of the question on a 2010? I do have $1000.00 in loyalty credits.
Let me know. I would love to get the car this week
Rd7
Bought 2010 G37X Graphite Shadow/Graphite with:
Premium, Nav., Sport, Trunk net/ mat, first aid kit and splash guards for $37,000. plus MA sales tax. I thought this was a fair price, although maybe not the lowest. I'm not the best of shoppers according to this forum.
MSRP $42,370.
Tech, Wood and Illuminated Sill Plates not available in the area. I would have liked to get the Tech and wood since I had it in my "M", but can easily live without them.
I previously had a 2006 M35X and was very pleased with it. The new "G" is great and much more fun to drive. Great value for the money.
That seems to be an amazing price. Did that number include a trade-in? Are you financing through IFS? Did you lease it? (this is a leasing thread)
Let me know
RD7
Thanks.
MSRP $40,915
Invoice $37,635
Cap Cost $38,000
36m/10k
Top tier credit
NJ 7% tax
$471.95 + $33.04 tax = $504.99 (excluding inceptions tag/title)
Does this sound reasonable?
36 month lease W/12 miles a year
39 month lease W/12 miles a year
RWD - 36 -12k = 54%
RWD - 39 - 12k = 53%
AWD - 36 - 12k = 56%
AWD - 39 - 12k = 55%
Ever lease the car? If so what was the payment with $2600 down.
while i have attempted to learn about the terminology you use I still can't get there to the bottom line. Can someone please let me know what i should pay per month on a G37 convertable with a retail price of 50k in south florida. I want a 36 month lease with 10k miles/year and have tier one credit
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Here's the dealer numbers:
MSRP: 40,5000
Invoice: 37,400
Sales Price: 34,000
MF: .00165
RV: 57%
Monthly: $422
NJ Tax: 7%
Drive out: $2800 (1st month, ttl, bank fee,dmv)
Lease calc comes out to $400.24 ($374.06 + 26.18[tax]). Not sure if the lease calc number includes the drive out price ...
Please help me understand. Thanks
Cap Cost Residual Deprec Finance Payment
34000 23085 303 94 397
your deal is fairly good, and comparable to one that I got last December (g37x+P+N, 41380MSRP).
RD7