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IFS' current buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Coupe AWD with 15,000 miles per year are .00154 and 62%, respectively.
The numbers for an otherwise identical 39 month lease are .00163 and 61%.
Car_man
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The numbers for an otherwise identical lease of a G37 Sedan Sport are .00107 and 59%.
Car_man
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Car_man
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Enjoy your new ride :shades: !
Car_man
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Infiniti is only providing a $1,000 cash incentive on leases of this car, not $2,000 though. The $1,000 is conquest / loyalty so you get it regardless of whether you are a current IFS owner or not. I don't believe that adding your father as a co-signer would make you eligible for an additional $1,000.
Car_man
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Having said that, the $1,000 dealer cash that you mentioned is not compatible with IFS' special lease program.
I believe that the lease cash is compatible with the pull ahead program though.
Car_man
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Unfortunately, the $1,000 dealer cash is not compatible with this car's special lease program.
Car_man
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Car_man
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IFS' July buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Sedan Journey with 15,000 miles per year are .00107 and 57%, respectively.
The numbers for an otherwise identical 39 month lease are .00121 and 56%.
You definitely do not want to lease this car for 24 months. Infiniti is not currently providing any support on two year leases.
Traditionally IFS' 12,000 mile per year residual values have been 1% higher than its 15k resids. However, I recently heard that it might have changed this policy to 2%.
Car_man
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Dealer gave me a residual of 57% and a money factor of .00126. With only first month payment, rolling tax (6%) and all fees in they gave me a payment of $493.00 a month. I did the calculations and based off the $36500 purchase price they gave me, that seems a little high. Do these numbers look correct?
I am faced with a car startup issue with my 08 G35.
when I start the car(press the start button) , it runs for a second and than it dies or shuts down and than I have to restart it , some time I have to do this exercise couple of time and other time it starts fine.
It does this every now and than. Only error light in my car dash is small key sign in yellow, which some one mentioned it can be because of bad battery, I have changed the battery and this sign is still there. Please do let me know what this error is and what can be a possible diagnose.
Your help is highly appreciated.
This is a pricing discussion. You might have a better chance of getting your questions answered in this discussion:
Infiniti G35 Maintenance and Repair
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MSRP is 45,100. Selling price 40,500. I appreciate the insight!
Thank you.
Sticker: $51,045
Sales Price: $48,790
39 Month Lease/15 K Miles
59% Residual
Money Factor .00225
Lease Price: $699
Out of Pocket (Including First Month): $1000
Numbers seemed too rounded to determine if this was an accurate deal. Would appreciate any assistance on if this is good deal, and whether Money Factor and Residual are correct. Thanks in advance!!
I need the July residual and MF for a 2010 Journey Coupe, 12k and 15k miles.
Also can anyone provide any additional info on the pull ahead lease offer? Do they really pay it off and not roll the cost into the new lease?
Thanks!
2010 G37x AWD
Premium Pkg
Interior Accents (wood inlays)
39 mos 15K
MSRP 39980
Sale 37741
Residual 57%
MF .00126
$ 469/mo tax incl.
1st mo, bank fee, MV out of pocket.
My Fico pulled the day before was Equifax 781 with no auto trade lines, long history and my auto enhanced Equifax score dealer stated was 769.
Here is what I ended up with
G37 convert with premium and navigation (did not get sport because seats did not have a/c)
list was 50,456
paid 48998
zero cap cost reduction
residual value was 29774
39 month 15k miles per year= 662.27 monthly payment
plus sales tax (7 percent)
up front was first month, reg fee of 325, cap tax 59.26, 35.00 acq tax, fl fee tax 68, doc fee 695, acq fee 595 equals total paid up front was 2488.02
with the sales tax the monthly fee will be 700.
How did I do please critique this so I may learn. I really want an M37 in the fall in addition to this car. All cars I own now are paid for and have no auto trade lines reporting so the G37 when it starts to report will be my first in 10 years.
BMW and Toyota stated they would give me delivery for a lease or purchase of 2 vehicles no problem. I took my printed reports with me for an advance review before they pulled credit
Infiniti only pulled Equifax and only one time
They stated score needed was 720 or above for instant decision.
I have never leased before and this was a first.
What you did is not uncommon. Lack of preparedness can be extremely costly. I think you need to take the time to learn learn about leasing in terms of structure, terminology, and basic lease calculations. For whatever it's worth, let me share some guidelines I use when leasing...
1st Rule Do your homework. Research selling price by checking invoice pricing and incentives at Edmunds. Also, check overstock at zag.com for competitive sell prices in your area. Research the interest rate/money factor and be sure you're getting the "buy" rate if your credit is good enough to qualify. I have no idea whether your selling price of 48,998 is reasonable or not without doing the necessary research. However, my gut tells me that it's too high. The 695 doc fee seems outrageously excessive as well as the 325 registration fee.
2nd Rule Create a one-page lease proposal. It must be on your letterhead and be a very professional looking document. All calculations must be spot on and contain no errors of any kind. Include all pertinent data such as a description of the vehicle, MSRP, sell price, amounts capitalized (e.g., taxes, acq. fee, etc), cap reductions (e.g., trade, cash down, etc), interest rate/money factor, residual factor, residual value, term, taxable payment, lease payment, amounts due up front (itemized), contract provisions (gap insurance, excess mileage charge, applicable disposition/purchase option fees). All dollar amounts are calculated, not by the dealer, but by you using a program that you created.
A professional looking one-page lease proposal speaks volumes about you... it sends the message that you know and understand leasing. That quickly serves notice to the dealer, and so; they're not as inclined to play games.
3rd Rule Fax/email the proposal to the dealer and negotiate via phone/email from the comfort of your home/office with your laptop excel spreadsheet lease program fired up and ready to rumble! The only thing you're likely to negotiate is the sell price and that only requires a few keystrokes on your laptop. And, bing-bang-boom you're done! This suggests that the biggest advantage of a lease proposal is that it saves time, money, and aggravation.
If you like, email me at
diffeq@zoominternet.net
and I'll send you a few sample lease proposals.
The key is that you must control the deal. Never allow a dealer to control the deal by allowing them to "run the numbers". Trying to figure out the dealer's numbers is often a pointless exercise and, frankly, a waste of time unless, of course, you have a copy of their LEASE WORKSHEET. This is a computer generated document that eliminates confusion and guess work and will tell you everything you need to know and then some. The beauty of this document is that it always tells the truth. Allowing the dealer to control will only end up costing you more money in most instances. So, don't wait for the salesman to email you with a selling price. You email him/her with your proposal that includes your selling price. You dictate the terms of the deal; not the dealer.
If, however, you agree to allow the dealer to "run the numbers", ALWAYS ask them for their LEASE WORKSHEET. If they refuse to give you a copy, RUN; DON'T WALK! However, there is absolutely no reason for the dealer to refuse to give you a copy of their lease worksheet.
The two most imporant items in any lease transaction are the selling price and cost of money (i.e., money factor or interest rate). Based on the information you provided, your money factor is approximately 0.00215 (or about 5.2%) which is not good.
Hope this was more helpful than confusing.
John
G37 Coupe Journey
Premium Pkg; Carpeted Trunk Mat, Trunk Net and First Aid Kit;Illuminated Kick; and Splash Guards;
Value of Vehicle (at cost): $38,596.00
Acquisition Fee: $595; License Fee: $512
Gross Cap Cost: $39,703.00
Rebate Amount: $1000
1st Month Payment: $477
Cap Cost Reduction: $483.14
Adj. Cap Cost: $39,219.86
Residual: $26,453.70
Depreciation: $12,766.16
Rent: $3,097.08
TOTAL OF BASE PAYMENTS: $15,863.24
Money Factor Rate: .00131 for 36mos; for 10,000mi and 63% residual
# of Pmts: 36
Base Pmt: $440.65
Monthly Tax @ 8.250% $36.35
TOTAL Monthly PAYMENT: $477.00
Cash due on delivery: $0
It sounds like a good deal to me; I'm not seeing any holes in it; and I'm looking to finalize this deal....what do you think? I would like comments and suggestions....
Assuming the $38,596.00 sell price is competively low and the 0.00131 money factor is the buy rate, it looks like a very good deal to me. All calculations are spot on. It appears as though you used the $1,000 rebate to pay the upfront costs...
1st payment............. 477.00
Cap reduction........... 483.14
Cap reduction tax....... 39.86
Due at Signing....... 1,000.00
The lease was structured so that the rebate would cover the front end costs exactly and the payment came out to a nice whole number (477.00). Nicely done... congrats and good luck!
John
Leases sound very complicated and after looking on true car it appears I paid about 1000 to 1500 to much?
I put the sticker price and price paid in y original post.
I was considering a M37 lease in the fall also so I better start learning about leases!
Thanks again everyone.
MSRP 39,430
39 month 10K per mile plus fst payment, acq fee, doc fees, tax (7.75), title, license
No security deposit. $1000 owner loyalty. They are saying 299 mo + tax w/1500 down. What would that payment be, and, what would be a good deal with 12K per year? Also, what should I expect my total out of pocket to be?
Thanks.
You haven't provided enough information to determine the payment such as money factor, residual, and adjusted cap cost.
So, here's what I suggest...
Ask the dealer for their LEASE WORKSHEET. That will tell you everything you need to know and then some. If you like, you may email it to me at
diffeq@zoominternet.net
and I'll be happy to analyze it for you. I assume you're talking about a Cleveland, Ohio dealership as opposed to a Cleveland, Tennessee dealership. I live in Medina and am very familiar with Ohio sales tax calculations as well as many other states. Sales tax is a HUGE issue especially in states like OH, NJ, and NY as taxes are computed on the total of the taxable payments.
John
THe dealer told me 39m 15k 57% residual and .00126 money factor.
I checked a leasing site (ridewithg.com) and it lists 58% and .00112 money factor for the g37x 36m 15k for july? Is either correct?
This is a good deal. You can put another thousand down and take off $30 from your monthly payment if you want. The $1000 cash back really helps.
Enjoy
MSRP $39065
Cap Cost $36421.71
Cap Reduction $1750 ($1000 conquest cash and $750 out of pocket)
Net Cap $34671.71
Residual 60%
Money Factor .00112
Bank Fee 595
Cash due on Delivery 4083.82 (includes the $1000 conquest cash, so essentially 3083.82 of which 1355.05 is tax,1st month 371, bank fee 595, etc...)
Monthly payment of 371.27
I'm thinking there may be a little more on the table here, like $400-$600 off of the price of the car? Should i keep pushing or should i consider signing the deal???
CarMan or anyone else need your help. I am an existing M35 leaseholder looking to get convertible, so figured why not the G37. Need to see if I'm being given proper info from salesman here in NJ. Here is info he gave me:
Sticker: $51,045
Sales Price: $48,790
39 Month Lease/15 K Miles
59% Residual
Money Factor .00225
Lease Price: $699
Out of Pocket (Including First Month): $1000
Numbers seemed too rounded to determine if this was an accurate deal. Would appreciate any assistance on if this is good deal, and whether Money Factor and Residual are correct. Thanks in advance!!
I recently visited one of the local Infiniti dealerships here in Las Vegas, NV, and worked out a deal that even though it looked fine to me after crunching my numbers back and forth using some of the lease calculators available out there, it didn’t seem nearly as good as some of the deals I’ve seen posted on the forum. Needless today, I ended up walking away that day because I felt that I had not done enough research to go through with it and I'm glad I did because now I know about the $1000 Conquest Cash Bonus.
This is what the deal looked like off the top of my head because I failed to keep the lease worksheet (I know shame on me!):
2010 Infiniti G37 Coupe with Premium Package and Navigation
Payment: $500 ($463 + NV Tax)
Term: 39 months
Miles: 12K miles/year
Due at signing: $1095 ($500 first payment + $595 acquisition fee)
Sticker: $43,565
Negotiated Price: $39,125
I can’t remember the money factor or the residual, although, I believe the latter was over $25,000. Given the fact that I'm not providing enough data, I can't really ask you, guys, whether it is a good deal or not; however, comments are always appreciated.
So my question: I noticed in the lease worksheet that I was being taxed on both the payment as stated above and on the price of the car itself, so the net cap cost ended up somewhere over $42,000.
Is that the way it’s supposed to be for most leases? I’m basically getting double-taxed!
Thanks!
Good deal or not?
Thanks in advance...
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
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
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
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
Since you say you are happy with the amount you are paying, then it looks good.Thats what matters in the end.
However, if you managed to get the selling price lower (all other non negotiable values remaining the same), then your monthly price will go even lower.
2010 G37X Coupe, Premium Package + Navi
price - $45,185
Scenario 1 - 39mo/10k miles, $466 per month (no down payment, taxes in payment included)
Scenario 2 - 39mo/10k, $424 per month (no down payment, fees + tax)
Scenario 3 - 39mo/10k $369 per month (with 1999 down plus fees + tax)
I am in NY state (Queens) where taxes are 8.875%. Considering I really want to put nothing upfront, is scenario 1 and 2 a decent deal.
(Total fees tax included, are $3614)
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