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Whenever it is available, please provide Infiniti Financial Services' latest buy rate lease money factor and residual value for a 36/39 month lease of a 2010 Infiniti G37 Coupe Journey with 15K miles/year.
Looks really, really good...
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Thanks for the info on this board - it definitely helped me get the deal I wanted.
Did you lease it using the April rates or May rates? What was your buy rate money factor?
Base MF was .00175, dropped to .00085 using security deposits.
MSRP 41,830
39 month / 15k lease
Lease Cap cost $37,739.46
1st Month / Bank Fee / MV Fees / Docs / Security depost = $1720 + 10 Multiple Security Deposits $450.
$399 / month
36 month 10K year and 39 month 10K year.
Thanks
Midnight Black Grill
Sport Splash Guards
Premium Package
Sport Package
Nav Package
MSRP $42,605
Net Cap cost $39,275 (includes $1,000 incentive)
Due at signing (first months payment $464 and $829.05 for TTL)
Monthly Payments $464
2010 G37X Sedan Premium, Sport, Nav, Wood, Mats
36 months 10K miles per year
MSRP: 42,760.00
Negotiated Price: 38,211.00
Residual 62%
Money Factor: .00175
Total due at signing: $1500.00 which is broken down as follows:
1st payment: 442.24
DMV fees: 345.00 NJ
Bank Fee: 595.00
Doc Fee: 100.00
Cap Reduction: 1017.76 (This is my 1K loyalty $$ guess they added 17.76 there ??)
-------------------------------------------
Total: 2500.00
-1000.00 Loyalty
= 1500.00 Total out of pocket
Do these numbers add up ????
Thanks for any help and input ...
My leased car - 2007 G35x full boat, 39 mo/10K miles. The lease ends by the end of this year and I expect to have less than 30K miles on it. The residual value is $23K. I'm seriously considering buy back when the lease is over knowing the car is very clean. I think even at $23K it's a pretty decent price but would like to know if I can negotiate it a bit lower. Just want to hear you guys' opinions/experiences.
Cheers,
lcui
I am looking to lease the exact same config in central NJ, who is the dealer ?
But, I did the math using the numbers you listed (money factor = .000945,
reduce from .00189 due to 10 sec deposits): comes out to $421 per month.
What am I missing ?
So I used:
MF: .000945
MSRP: 41830
Cap cost: 37739
Residual value: 59%
tax rate: 7%
http://www.leaseguide.com/calc.htm
Did you say that this car's selling price is $43,248.33 and its MSRP is $43,005? If this is indeed the case, and it may not be, then this is a terrible deal. you should be able to negotiate a decent dealer discount on this car, not have to pay over MSRP for it. This car has a spread of around $3,000 between its full MSRP and its dealer invoice price. If I was in the market for one, I personally would want a dealer discount of at least $2,000, if not $2,500.
Car_man
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I highly doubt ha you will be able to get this car for more than $2,000 under dealer invoice. If the dealer was really desperate to get rid of it, I could see anywhere from invoice to $1,000 under, but that's probably as low as they would go.
Dealers are not able to charge a lower money factor on deals than banks' published buy rates.
I have found that savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than the TMV. On a G37 Sedan, I personally would shoot for a selling price that's close to dealer invoice.
Car_man
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Infiniti is currently providing a $1,000 loyalty cash incentive on leases of this car through IFS.
The reason why you're seeing two different selling prices, one for purchases and one for leases is that Infiniti is currently providing $1,000 dealer cash on the '10 G37 Sedan which is not compatible with its special lease program.
Car_man
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"Just recieved the exact car that you are looking for and in fact it has never even been test driven! 2010 Infiniti G37 Sedan In graphite shadow, with graphite interior, with premium, sport, and naviagtion package.
MSRP $41,415
Invoice $37981
Purchase incentive: $1000 dealer cash plus special APR
Purchase price = 36171
Lease cap cost 37171,
"It looks like the quote was actually less than the cars direct price when you account for the 1000 dealer cash that they include in their purchase price. It is unfortunate they do not accurately disclose all of the programs on their site. The great news is that I am willing to beat all of their pricing and offer you the lease at $449/mo incl tax and lic for 39 months, 10k mi/yr, 2500 out of pocket"
(Los Angeles TAX)
Can you please help me with these numbers? Is this is good deal?
Thanks for all your help!
First timer leasing so need info on the May lease rates for the Convertible.
I personally would try to pay as little as possible at lease signing through. The more you pay at signing, the more you will likely end up losing if your vehicle is totaled in an accident or stolen and never recovered. It's safer to go with a zero down lease.
Car_man
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It is interesting that the G37 Coupe has higher residual values than the Sedan. If someone had asked me to guess, I would have thought that it would be the other way around. Perhaps Infiniti's production of the Coupe is limited enough that there aren't as many around and as a result the ones that are out there retain their vehicle better than the mass produced Sedan. Just a theory.
Car_man
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Car_man
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According to my calculations, if you were to lease a 2010 G37X Sedan that has an MSRP of $42,730 and a selling price of $37,500 through Infiniti Financial Services right now for 36 months with 10,000 miles per year and seven extra security deposits, your zero down, pre-tax monthly payment would be around $391 including the acquisition fee.
Car_man
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The numbers for an otherwise identical 39 month lease are .00205 and 63%.
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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The numbers for an otherwise identical 39 month lease are .00171 and 63%.
Car_man
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Infiniti Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Coupe Journey with 15,000 miles per year are .00175 and 61%, respectively.
The numbers for an otherwise identical 39 month lease are .00186 and 60%.
Car_man
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Infiniti Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Sedan with 10,000 miles per year are .00175 and 62%, respectively.
The numbers for an otherwise identical 39 month lease are .00189 and 61%.
Car_man
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You never mentioned the exact mileage allowance, term, or trim level that you are interested in, so I had to make some assumptions. Let me know if you want something different.
Car_man
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G37 Sedan
Msrp: $41,415
Purchase price = $36,171
Lease cap cost = $37,171
Lease Term = 36 Months 10K Miles per year
MF=.00155
Res= 64%
Acq fee: $595
Doc fee: $100
$1,196.23 due at signing
$394.96 + $38.51 (tax 9.75) = $433.37
Does this look right?
How much more should it be for 12k per year?
My bad. I think it was late at night. Looking at
Automatic with Premium Package and Navigation
36 months - 12000/15000 miles
Please let me know. Also being my first lease would appreciate, what questions I need to ask the dealership over email?
Thank you
I have a similar question to csriram45. I'm looking at leasing a g37 convert, Sport 6MT w/ prem and nav. The dealer I'm working with has given me the following info:
MSRP: $50,595
Invoice: $46,768
Term: 39 months / 12K miles per year
MF: 0.00205
RV: 62%
Capitlized cost: $47,768 plus $899 dealer fee
Total due at signing: $1,600 plus DMV
Monthly pmt: $603 plus tax
My questions for you are:
(1) How do MF and RV compare to IFS's best rates?
(2) Is Infiniti offering any cash back or dealer incentives that he's not sharing? (Edmunds.com says there's $1,000 per vehicle of marketing support in May)
(3) $1,000 over invoice plus this $899 dealer fee feels like a "good" but not "great" deal. Do you think I can do better?
I've read through a lot of your comments. Very helpful and informative. Thanks for everything.
Miami55
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
In Florida, I'm guessing...
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How about a more general question. Is the G37 convertible a car that can be purchased at or below invoice?
Thx
Try here: Infiniti G37 Prices Paid and Buying Experience
regards,
kyfdx
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I live in NJ and if I trade in a car for a new one I dont pay the entire sales tax of the new car since I already paid it on the trade in. Example If I BUY an Infiniti and the cost is lets say 36K and I get 18K on my trade then I only pay sales tax on the difference between the 2 which would be a tax on 36K - 18K = 18K would be taxed. My question is how does this work if I were to LEASE what gets taxed and how?
PS. NJ sales tax rate is 7%
Thanks
Sales tax on leases in New Jersey are computed in the same way that they are here in Ohio. The taxable payment is computed which includes those taxable items that you're capitalizing (financing) in the lease (e.g., acquisition fee). Non-taxables (e.g., trade value, state mandated fees, other taxes- tax levied on tax is illegal in NJ) capitalized in the the lease are, of course, excluded.
The selling price is increased by all taxable items financed in the lease. The trade value is deducted from this sum. The result is called the Taxable Capitalized Cost (TCC).
Your taxable payment is computed as follows...
MF x (TCC + RV) + (TCC - RV) / Term
where
MF = Money Factor
TCC = Taxable Cap Cost
RV = Residual Value
Your total sales tax liability is
Taxable Payment x Term x Sales Tax Rate
So, for example, if your taxable payment is $300 and you're leasing for a term of 36 months, then your NJ Sales Tax liability at 7% amounts to...
$300 per month x 36 months x 7% = $756
Hope this helps.
John
Thanks for the info but still a little confused. Here are the parameters of what I'm working on with a dealer:
MSRP: 42760.00
Negotiated Price: 38211.00
Residual: 62%
Money Factor: .00175
Term: 36 Months
Total due at signing: $1500.00 which is broken down as follows:
1st payment: 442.24
DMV fees: 345.00 NJ
Bank Fee: 595.00
Doc Fee: 100.00
Cap Reduction: 1017.76 (This is my 1K loyalty $$ guess they added 17.76 there ??)
-------------------------------------------
Total: 2500.00
-1000.00 Loyalty
= 1500.00 Total out of pocket
They will give me 17500.00 for my trade the monthly payment above includes the entire sales tax and does not include my trade in that is what I need to calculate in order to reduce my tax which per your previous post I think I will owe no tax at all.
The sheet they give me they are adding 1017.76 of loyalty as a cap cost reduction then reducing it after as shown above.
Thanks
Some of the information provided isn't making much sense (e.g., $1,017.76???). Why would you make a $1,017.76 cap reduction payment and, then, use the $1,000 loyalty to reduce the upfront lease charges? I have no idea what the $17.76 is for. Also, where is the tax on the cap reduction, the tax on the $1,000 loyalty as well as the tax on the 595 acq fee and $100 doc fee? It appears that some of the taxes were capitalized in the lease. There seems to be a lot missing and many unanswered questions.
I could probably go in a few different directions by making assumptions. Rather than guess, the best way for me to help you is for you to ask the dealer to email you their LEASE WORHKSHEET and, then, you can email it to me at
diffeq@zoominternet.net
The lease worksheet will speak volumes and tell me exactly what I want to know. Don't let them feed you a lot of non-sense that thery can't provide it to you because that's baloney. It's a computer generated document that takes about 10 seconds to print and another minute to email.
John
I was wondering if you could post the current rates for a 2010 G37 Journey Sedan, Premium Pkg, for a 36 month / 10k year lease. Thanks for the help.
Just got a black obsidian/graphite 2010 G37x+Nav+Premium+Sport with a few extras (black front grille, illuminated kickplates, Cargo Net/Carpet/First Aid Kit, Aero Package). The car was a custom order and the guy apparently canceled.
We negotiated hard with the dealer and he gave us the following deal:
MSRP: 43,960
Price: 42,000 (While we live in Chicago, he managed to not make us pay taxes. Technically, the 42,000 is inclusive of taxes (making it roughly 38800+tax)
Monthly Payments: 609
Term of the Lease: 39 months, 12K miles
Dealer pays for $800 remaining payments on my lease
Not sure about the money factor, but I believe it was .0025
Well, just wanted to have a feedback on this. I already signed the deal because I fell in love with the car (and should have not). Nevertheless, it is a sweet ride, and I absolutely love it.
Thanks for the feedback.
The most important numbers to focus on when negotiating a lease are the vehicle's selling price and the money factor that is being used to calculate your payment. If you negotiate a great selling price and the dealer is using the buy rate to calculate your payment then you should be getting a good deal.
Car_man
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Infiniti is currently providing $1,000 dealer cash on the 2010 G37 Convertible, but this cash is not compatible with its special lease program.
$1,000 over invoice does indeed sound like a reasonable deal, as long as it includes the doc fee. If it doesn't then you're really paying nearly $1,900 over invoice. If you are an an area that has a decent level of competition and you shop around you may be able to shave a couple hundred dollars off of this car's selling price.
Car_man
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Car_man
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I was offered this lease in Delaware for a journey AWD with premium pkg,Nav.
Msrp: 41,300
sell price: 39,000
monthly paymt: 454.00
1st month downpayment = 3500 with following fees/taxes
DE state tax: 1462.00
DMV : 205.00
Bank : 595.00
Doc : 200.00
Arent the fees too much? Which fee can I bargain on?
Anything else that I can reduce?
He used the mf of 0.00205 cos he said he cant give me the best rate till they run all the numbers. Hoping that would bring down the monthly pymt by about 30 bucks.
Any help appreciated! thanks!
MSRP: 41,220
sell price: 38368
mf : 0.00175
residual: 61%
monthly paymt: 530.00
1st month downpayment = 1130
Now I'm really confused!!
Need help asap! thanks!