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This is my first post to this forum, but want to thank you for all the useful information provided. Wish I would have visited this forum prior to my previous lease back in '07!
I'm about to trade in my G35 sedan and considering trading up to a special edition G37 sedan. Can anyone share the respective residual values and money factors for 36 and 39 month leases with 10K and 12K miles respectively? MSRP 44,215 Invoice 40,894
I was hoping to lease the g37x and thought I had a good deal but after stumbling on this forum, I'm not so sure. I didn't shop price first, I negotiated monthly payment - I know this is wrong now after reading some postings. Once I realized I did things backward and just how complicated this all is, I tried to get more info by asking for the lease worksheet. What I got includes a lot of what is mentioned in the posts but there's no mention of money factor or bank fee. What he sent me is:
G37x coupe w/ premium/nav 10,000 miles Value of Vehicle + AMO's: $40,225 Cap cost: $41,883 Cap Reduction: $4103 Adjusted Cap: $37,780 Residual: $29,295 Payments (including tax): $339/month for 36 months
Due on Delivery: $4000 (cap cost reduction $4103 + Documentation fee $239 + first month payment $339 + License fees $311 + Government fee $7 - Conquest $1000)
This is all foreign to me so I'd appreciate any advice. Thanks a lot.
Thanks for the input! Does anyone know what the recourse is in California for the 39 month lease issue (paying for the registration and only using 3 months of the year)...or are we just screwed out here in Cali?
Also, I want to lease the G37 Journey sedan with Nav and premium package, I want to put 0 down and I want to lease it for 36 months/ 12k per year. Can someone tell me what would be a good deal as a monthly payment (including tax)? The MSRP on this is $39,315 and the invoice price is $36,162. I have no idea what the money factor is at this time or the residual (not sure where to find this), but ultimately I want an idea of how much my monthly payment should be for a good deal before I go pound it out with the dealerships...
Lastly, any thoughts on truecar.com- the "guaranteed" prices seem good??? Thanks in advance!
hey this is my first post ever on any site so take it easy on me so heres the deal ive worked out so far let me know what you think im gana LEASE this car by this weekend. so here goes
Black/ black sedan, sports, nav, premium, 36 months/ 12 k 3000 down incl tax drive off and all fees 1000 loyalty $410 incl tax i live in cali so tax is pretty high let me know what you guys think asap please im dieing to get this car thank you !
I was just told by the dealer that the numbers for a 39 month term, 10K mile lease on G37 Anniversary Edition numbers align with the G37 Sedan Journey numbers below: MF = .00121 Residual = 59%
I was expecting the numbers to match the Sport Sedan being: MF = .00107 Residual = 62%
Can anyone confirm the correct numbers for a 39 month term, 10K mile lease for the Journey and Sport Sedan models?
Kyfdx - Thanks for the input . Those are the numbers I've seen for the Sport Sedan which are indeed all manual as you stated. I think my '07 is considered a Sport Sedan, even though it's an automatic (inconsequential as that may be). I was just assuming the Anniversary Ed Sedan would hold the same higher residual and lower money factors inline with the '10 Sport Sedan. Instead, I am being given a lower residual and higher MF by the dealer, which I'm still trying to verify are correct.
I'm going to trust that the Anniversary Edition Sedan numbers are inline with the Journey Sedan, unless someone has information to the contrary. My only question remains - are these the correct numbers from IFS for a 10K mile, 39 month term on a Journey Sedan? Residual = 59% Money Factor = .00121
I've found numbers for 15K mile, 36 month terms, but looking for confirmation that those are indeed the correct numbers from IFS. I thought that they might be about a quarter percent off on the rate (.00112 instead) and residual (60% instead) for the lease in question.
I'm very close to sealing the deal pending a confirmation from a reliable source - anyone out there have confirmation?
BTW g35_mania - If you're negotiating on a 10K mile lease, you might want to check out the numbers I was just quoted and factor that into your decision. If your Cap Cost is under invoice, then that 1% higher residual and .00007 MF might be justified. Good luck with the deal - sounds like you're very close, too!
If you will take some time to read through previous post you will see that people will not evaluate your deal without knowing the selling price of the car. Since all you have given is the payment and a way too high first payment we can't help you. In CA $3000 is too much to put down. At most you want to put down the first months payment, bank fee ($595), tags (probably around $6000 in CA) and doc fee ($55 in CA). Personally the only thing I put down on a lease is the first months payment.
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
K thank you for your help this is the first car deal I have negotiated myself the cost of the car never came up .. Msrp is at 40 k and why wouldn't I put down ya its upfront but makes my payments cheaper so how is that a bad idea? With same deal nothing down except first month tax bla bla would be 1900 down 460 with tax so what diff does that really make thanks for your help in advance
If you don't care about losing that extra $1,100 if you happen to total the car go ahead and pay it. The insurance company isn't going to give it to you, they will pay off the car and you are left $1,100 in the hole.
There is so much information out there on leasing a car, you really need to educate yourself before jumping into a 3 year commitment.
Is that the only drawback of putting down? I have read and tried to educate myself but I don't understand why everyone is focused on the residual and end price of the car I have no intention on buying the car. Tell me what I should be looking at
People are concerned about the residual because the higher the residual, the lower the lease payment, not because they want to buy the car at lease end. The residual is set by the company leasing you the car, Infiniti (Nissan) Finance in this case. They also set the money factor or interest rate. Some dealers will mark up the money factor for extra profit, but not many.
The only variable of a lease that you can negotiate is the selling price of the car. You get a higher selling price and you have a higher payment, a lower selling price a lower payment. To know if you are getting a good deal you need to know the selling price. Car salesmen don't prefer payment shoppers versus price shoppers for no reason.
Right now you should be shooting for a selling price of $1000 under invoice since there is $1000 of lease cash available. If you are getting around that price then you can consider it a good 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
I'm trying to put together a lease deal on a G37 Coupe Journey with Premium & Navigation in WA. This is my first time leasing but I have a high credit score (enough for Tier 0/1) and qualify for GraduateSelect. I read that it's a good idea to bring a one-page proposal when going to the dealership. I've done my research but I'd like someone to double-check this proposal. I got the residual and MF from RideWithG but if anyone has anything more current that'd be great. I've got VPP Plan D through my employer.
MSRP: $43,115 Invoice: $39,621
New VPP Plan Price: $39,621 + Bank Fee: $595 - Lease Cash: $1000 Total Capitalized Cost: $39,216
Term: 36 months Miles: 15,000 miles/year Disposition Fee: $395 GAP Insurance included with IFS Lease
IFS Residual: 61% or $26,300 IFS Money Factor: 0.00131 or 3.144% APR - Multiple Security Deposits: Six (6) reducing MF by 0.0001 each (0.0006 in total) Adjusted Money Factor: 0.00071
You have done your homework. I don't know WA dealer rules, but you are probably going to have a dealer doc fee as well. I like CA and their max $55, the other extreme is FL where I have seen $800 doc fees quoted here.
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
Okay that makes sense thank you. So is there any way to figure all that stuff out with out talking to the dealer since I have been talking to him to much as is and don't want him to think I'm hooked and won't have room to negotiate. If any one could help I would really appreciate it! Thank you
Thanks! Apparently in WA the doc fee is capped at $150 until 2014 (it used to be capped at $50) because the auto dealers lobbied the government due to lagging auto sales. I've heard the doc fee sometimes includes the title and registration portion?
HI just wanted to let you the deal I was able to do this afternoon and this migh help you attain a similar or better deal. The car I leased MSRP was $37,830. The monthly payment is $398 and it includes a 7% Fulton County tax. My inceptions were $511, which includes my $398 first month payment plus registration fees. The car color is the Graphite Shadow with the Graphite interior. Journey with premium, splash guards, mats, and truck net. 12K miles a year and a residual of $21,900. I am not sure what people are finding out there, but I would think these Infinitis are excellent deals these days. Less than $400 a month with no money down is absurb.... If you need 15K miles a year, the payment would have gone up about $19 a month. To think that you can get a base one for $35 less is incredible. I priced a Maxima as well and they ahd similiar deals ... but why? The car looks so incredible beautiful in the garage, I do not want to even drive it... LOL!
That's a great deal, Mr. Minski! We went to the Birmingham, AL dealer yesterday to try to work a deal on a new lease and the monthly payments were no where near as low as what you got! For a 2010 Journey with Premium only they would not budge below $465/month WITHOUT TAX and that was for only 10K miles.
This was with a pre-approved offer for me from Infiniti with incentives to lease another G because my current lease is expiring in November ($1,000 customer loyalty, waive my next 3 payments on my current lease, $500 credit toward wear & tear on current vehicle!).
We walked away, and I have sent emails today to several dealers within 200 miles hoping to get an offer as good as yours. Can you please share which dealer I should contact to get the same deal you got? Thanks!
YOU need to contact Roswell Infiniti in Roswell, GA. They should be well within driving distance from you..... By the way this was not just for one car. I could have had any color I wanted with the same MSRP. It was well worth it. I do not know how this will change after today. I did the deal on Saturday July 31st... I dealt with the internet dept.. They are very professional and extremely nice. Funny that you mentioned that you are from Alabama. HE did say they have to be competitive because there are so many Infiniti delaerships in Atlanta. They get people from Alabama all the time because there is only one delearship.. I would love to hear how you do
It would be real nice if you gave everyone the selling price of the car, since that is the only way to do an apples to apples comparison of a deal when you are on a national forum.
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
absolutely: Here is how my contract reads.... Maybe I could have done better by $5 or so.... but overall I am happy with the deal. If that is the case.... lunch is on me.. LOL
Gross Capitalized Cost $34,821.99
Capiltalized Cost Reduction $1000
Adjusted Capitalized Cost $33,821.99
Residual Value $21947.20
Depreciation $11,874.72
Rent Charge $2631.72
Total Base Monthly Payments $14,506.44
Monthly payment $371.96
Taxes $25.04
Total payment $398 x 38 months
Total inceptions $398.00 (first payment) + $70 tax on cpitalized tax reduction
Right now international Infiniti in Milwaukee has a 2010 g37x awd sedan lease special of: -39 month lease -$299 a month -$3400 down -12000k miles per year Msrp: $36975 I'm assuming that I can get this payment down even more with negotiation, or perhaps a lower downpayment? Just curious what everyone thinks, seems like a good deal on the surface...Also, what are you guys paying for insurance on your leases?
I never posted before but this forum has been invaluable to me in terms of information so I felt obligated to share the deal I got. I just signed on a 2010 G37 Journey Sedan, with no options other than the Premium package at Gunn Infiniti in San Antonio, TX. I put nothing down except first month's payment. Details:
MSRP - 37,465 Sales price - 33,917 Less Conquest rebate - (1,000) Net Sales Price - 32,917
Taxes and fees: L&M Fee (1.2%) - 407 Dealer Inventory tax - 73.55 License fees - 134.05 Doc fee - 100 No sales tax due to TX FMV credit benefit offered by IFS
Total Cap Cost - 33,631.60 Monthly payment - $406.45
I had to decide between a 39 month lease w/12k miles per year @ 57% residual and .00121 MF (total payment $388) or 39 months w/15k miles per year @ 56% residual and .00121 MF (total payment of $406). I went with the 15k per year and wrote the check for the first month's payment. Had I gone with a 36 month, 12k mile lease, it would have run about $398 with a MF of .00107 and residual of 59%.
For those on the fence, I've followed G lease deals since I leased my first G 2 1/2 years ago and this is the time to pull the trigger. To be able to get a car like this for less than $400 per month (12k miles per year) is just sick......
g37 sedan- blue slate w/ graphite interior premium, no nav, with kick plates, trunk mat..
msrp of $38010 agreed value of $34785 before all dmv/fees, etc (total of fees=$1155 gross cap of $35940 adj cap of $35440 after $499 CCR
39 month lease-10k per year ZERO drive off ($1000 rebate was used for first month & $499.46 CCR) $443.09 per month w/tax (38 payments)
residual of $22426 (plus $395 dispositon fee??? in 2007 there was no fee- is this standard now??)
59% residual 0.00121 money factor/tier one...
- Feel it was a much better deal than Miller Infiniti was willing to do. Think it was a very good deal, not great but very good. Was very quick and easy process.
A reporter is looking to speak to consumers who recently got a new vehicle because of the great lease deal. Please send your daytime phone number and the car you purchased to ctalati@edmunds.com by Friday, August 6, 2010. Thanks, Chintan Corporate Communications Edmunds.com
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Hi phead2. Infiniti Financial Services' current 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 .00131 and 60%, respectively for consumers who qualify for its top credit tier.
The residual value for a lease with only 12,000 miles per year is 2% higher.
Through the pull-ahead offer, Infiniti will waive up to three remaining payments for lessees at no charge. If you are further away from the scheduled end of your lease than that, you will have to pay for any remaining payments out of your own pocket.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Check out the articles and let us know if you have any specific questions about leasing.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi mthielman. Here's the information on Infiniti's current lease program that you're looking for.
Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2010 G37X Sedan with 15,000 miles per year are .00112 and 58%, respectively for consumers who qualify for its top credit tiers.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Welcome radtrax. I'm glad that you find this forum so helpful. Here's the information that you're looking for.
Infiniti Financial Services' August buy rate lease money factor and residual value for a base 2010 G37 Sedan with 12,000 miles per year are .00107 and 62%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 39 month lease are .00121 and 61%.
If you were to lease this car with only 10,000 miles per year, its residual values would be 1% higher.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Here's the info that you're interested in, chowcmd.
Infinifi Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Sedan Journey with 12,000 miles per year are .00107 and 59%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 39 month lease are .00121 and 58%.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
To me, the easiest way to evaluate a lease is to look at the MSRP and selling price that were used to calculate its payment. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Find out what these numbers are and let us know. Either myself or another helpful, knowledgeable community member will let you know what they think.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Can someone provide clarification on the correct residuals and MF for August. Looking at a G37x Sedan 39 month 15k. I was quoted .00142 and 57%. This looks quite a bit higher than what others posted above for MF. Very preliminary stages and existing IFS customer so assume tier 1 rate. Thanks.
I have been looking at leasing the above with premium, navigation, wood trim, splash guards, cargo net, trunk mat and first aid kid. Here's what I'm told MSRP is $41,830 After deducting the extras above, the dealer says they're at base plus a destination charge of $865. Dealer invoice is $38,387 residual is 57% ($23,843.10) money factor is .00126
I'm told the August money factor and residual are the same as July (as above). I was told the $1,000 loyalty cannot come off the total from the car, but rather be used against money down for closing which he calculated a little over $1,550 and thus after the $1,000 credit, I would be paying about $600 including first months payment of $493.
Other than the obvious, why pay a couple extra dollars for cargo net and first aid kit, is this reasonable? ------------------ for the G37x coupe, same add-ons exc. for wood trim, I was told monthly payment would be $515. (not sure which car I'll end up with)
Hi all, I'm not lease expert but this deal from Infinity looks really good and I'm trying to figure out where the catch is! Any feedback is appreciated!
From Infiniti website - Summary: G37 Journey w/Premium for $319/month with $3499 initial payment and 39 months.
$3,499 initial payment required at consummation. (Includes $3,180 consumer down payment, $319 first month payment). ($1,000 owner loyalty or conquest reward included in monthly payment). 2010 G37 Sedan Journey with Premium Package subject to availability to well qualified customers who lease through Nissan-Infiniti LT. Subject to Credit Approval. MSRP $37,475 includes destination charge. Net capitalized cost of $31,984 includes a $595 non-refundable acquisition fee. Retailer contribution may affect actual price set by Retailer. Monthly payments total $12,441.00. At lease end, purchase for $22,110.25, plus $150 purchase option fee (except KS and WI), plus tax, or pay excess wear and tear plus $0.25 per mile for mileage over 10,000 miles per year. Lessee is responsible for maintenance and repairs. Disposition Fee due at termination of lease. No Security Deposit required. See participating Retailer for details. Offer ends 08/31/2010. Supplies of vehicle may be limited in some regional areas. Retailer inventory varies.
why pay a couple extra dollars for cargo net and first aid kit
You are not given a choice, those are factory "options" that are on every car. I had to pay for the cargo net on my 05, 07, & 08, but the charge for the first aid kit is relatively new. It was always thrown in for "free" in the past.
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
Headed to Roswell Infiniti Saturday to pick up my 2010 G37 Journey with Navi in Liquid Platinum with Graphite Interior! Thanks so much for the recommendation, Mr. Minski!
They offered me a great deal right off the bat (numbers the same or very close to what yours were). I could not be happier with the deal and with the customer loyalty incentives offered to me by Infiniti to lease another G37. I've leased the last six vehicles I've driven, and consider this by far the best deal I've ever gotten.
Hey CSF.. I am so glad my information was very helpful.. I am thrilled with my car. I traded in a 5 year old BMW530i that I loved, but I just did not want to deal with the "future unknown $$$" and here I am driving a G37... I just could not pass on what these cars are selling/leasing for. You cannot touch anything out there for less than $400 with no money down unless of course you want to drive a Honda Accord. The cars are very different in the sense that the 5 probably compares better to the M in both size and ride. THe G37 is much sportier. Fun Fun Fun!!!!! I love the new technology not available on the 2006 Bimmer. The Bose stereo with my IPOD is a bomb. Your are going to love it and I am happy my experience was useful to you. I know you are coming from Alabama and your are indeed "going out of your way" what happens with your plates? Do you register the car in Alabama?
Comments
This is my first post to this forum, but want to thank you for all the useful information provided. Wish I would have visited this forum prior to my previous lease back in '07!
I'm about to trade in my G35 sedan and considering trading up to a special edition G37 sedan. Can anyone share the respective residual values and money factors for 36 and 39 month leases with 10K and 12K miles respectively?
MSRP 44,215
Invoice 40,894
Thanks in advance!
G37x coupe w/ premium/nav 10,000 miles
Value of Vehicle + AMO's: $40,225
Cap cost: $41,883
Cap Reduction: $4103
Adjusted Cap: $37,780
Residual: $29,295
Payments (including tax): $339/month for 36 months
Due on Delivery: $4000 (cap cost reduction $4103 + Documentation fee $239 + first month payment $339 + License fees $311 + Government fee $7 - Conquest $1000)
This is all foreign to me so I'd appreciate any advice. Thanks a lot.
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
Also, I want to lease the G37 Journey sedan with Nav and premium package, I want to put 0 down and I want to lease it for 36 months/ 12k per year. Can someone tell me what would be a good deal as a monthly payment (including tax)? The MSRP on this is $39,315 and the invoice price is $36,162. I have no idea what the money factor is at this time or the residual (not sure where to find this), but ultimately I want an idea of how much my monthly payment should be for a good deal before I go pound it out with the dealerships...
Lastly, any thoughts on truecar.com- the "guaranteed" prices seem good???
Thanks in advance!
Does anyone know the MF and Residuals for G37 journey with Nav and premium sedan for 36 and 39 month and 12k/year?
I am turning in a 07 G35x and this is the quote I'm getting on a 2010 G37xS sedan
Nav Premium Sport
Cap cost reduction: 0
Sale Price: $38,864
Depreciation: $14,708.
Money Factor: 0.00186
monthly is 500 (39 Mo 15k/year)
Do these numbers seem reasonable for a NY registered lease?
Thanks!
so heres the deal ive worked out so far let me know what you think im gana LEASE this car by this weekend. so here goes
Black/ black sedan, sports, nav, premium,
36 months/ 12 k
3000 down incl tax drive off and all fees
1000 loyalty
$410 incl tax
i live in cali so tax is pretty high let me know what you guys think asap please im dieing to get this car thank you !
MF = .00121
Residual = 59%
I was expecting the numbers to match the Sport Sedan being:
MF = .00107
Residual = 62%
Can anyone confirm the correct numbers for a 39 month term, 10K mile lease for the Journey and Sport Sedan models?
MF = .00107
Residual = 62% "
Those #'s are for the Manual Sport version. (I was told) :lemon:
MSRP 41.935
Sale Price 38,525
Residual 58%
MF 0.00128 (Should I push on the buy rate or is this fair profit?)
Term 39 Mos
Used 1000 Loyalty
Pay 466.26 down (1st payment)
Mos Payment Will then be 453 ish there after......
Comments? Solid Deal?
Cheers!
...and all the Sports were manuals?
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I'm going to trust that the Anniversary Edition Sedan numbers are inline with the Journey Sedan, unless someone has information to the contrary. My only question remains - are these the correct numbers from IFS for a 10K mile, 39 month term on a Journey Sedan?
Residual = 59%
Money Factor = .00121
I've found numbers for 15K mile, 36 month terms, but looking for confirmation that those are indeed the correct numbers from IFS. I thought that they might be about a quarter percent off on the rate (.00112 instead) and residual (60% instead) for the lease in question.
I'm very close to sealing the deal pending a confirmation from a reliable source - anyone out there have confirmation?
BTW g35_mania - If you're negotiating on a 10K mile lease, you might want to check out the numbers I was just quoted and factor that into your decision. If your Cap Cost is under invoice, then that 1% higher residual and .00007 MF might be justified. Good luck with the deal - sounds like you're very close, too!
If you will take some time to read through previous post you will see that people will not evaluate your deal without knowing the selling price of the car. Since all you have given is the payment and a way too high first payment we can't help you. In CA $3000 is too much to put down. At most you want to put down the first months payment, bank fee ($595), tags (probably around $6000 in CA) and doc fee ($55 in CA). Personally the only thing I put down on a lease is the first months payment.
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
There is so much information out there on leasing a car, you really need to educate yourself before jumping into a 3 year commitment.
Edmunds Leasing Guide
LeaseGuide.com
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
People are concerned about the residual because the higher the residual, the lower the lease payment, not because they want to buy the car at lease end. The residual is set by the company leasing you the car, Infiniti (Nissan) Finance in this case. They also set the money factor or interest rate. Some dealers will mark up the money factor for extra profit, but not many.
The only variable of a lease that you can negotiate is the selling price of the car. You get a higher selling price and you have a higher payment, a lower selling price a lower payment. To know if you are getting a good deal you need to know the selling price. Car salesmen don't prefer payment shoppers versus price shoppers for no reason.
Right now you should be shooting for a selling price of $1000 under invoice since there is $1000 of lease cash available. If you are getting around that price then you can consider it a good deal.
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
I'm trying to put together a lease deal on a G37 Coupe Journey with Premium & Navigation in WA. This is my first time leasing but I have a high credit score (enough for Tier 0/1) and qualify for GraduateSelect. I read that it's a good idea to bring a one-page proposal when going to the dealership. I've done my research but I'd like someone to double-check this proposal. I got the residual and MF from RideWithG but if anyone has anything more current that'd be great. I've got VPP Plan D through my employer.
MSRP: $43,115
Invoice: $39,621
New VPP Plan Price: $39,621
+ Bank Fee: $595
- Lease Cash: $1000
Total Capitalized Cost: $39,216
Term: 36 months
Miles: 15,000 miles/year
Disposition Fee: $395
GAP Insurance included with IFS Lease
IFS Residual: 61% or $26,300
IFS Money Factor: 0.00131 or 3.144% APR
- Multiple Security Deposits: Six (6) reducing MF by 0.0001 each (0.0006 in total)
Adjusted Money Factor: 0.00071
Monthly Depreciation [(Cap - Residual)/Term]: $358.77
Monthly Interest [(Cap + Residual) x MF]: $46.52
Monthly Tax @ 9.8%: $39.72
Total Monthly Payment: $445.01
Payment due at Signing: $445.01 First Payment + $450 x 6 MSDs + $250 Title & Licensing* = $3395
* Partially refunded once actual title & license cost is received from WA DOL.
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
This was with a pre-approved offer for me from Infiniti with incentives to lease another G because my current lease is expiring in November ($1,000 customer loyalty, waive my next 3 payments on my current lease, $500 credit toward wear & tear on current vehicle!).
We walked away, and I have sent emails today to several dealers within 200 miles hoping to get an offer as good as yours. Can you please share which dealer I should contact to get the same deal you got? 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
Gross Capitalized Cost $34,821.99
Capiltalized Cost Reduction $1000
Adjusted Capitalized Cost $33,821.99
Residual Value $21947.20
Depreciation $11,874.72
Rent Charge $2631.72
Total Base Monthly Payments $14,506.44
Monthly payment $371.96
Taxes $25.04
Total payment $398 x 38 months
Total inceptions $398.00 (first payment) + $70 tax on cpitalized tax reduction
+ $41 registration
Itemization of gross cap cost
$33,727.99
+ $595 Acquisition fee
+ $499 doc fee
-39 month lease
-$299 a month
-$3400 down
-12000k miles per year
Msrp: $36975
I'm assuming that I can get this payment down even more with negotiation, or perhaps a lower downpayment? Just curious what everyone thinks, seems like a good deal on the surface...Also, what are you guys paying for insurance on your leases?
I never posted before but this forum has been invaluable to me in terms of information so I felt obligated to share the deal I got. I just signed on a 2010 G37 Journey Sedan, with no options other than the Premium package at Gunn Infiniti in San Antonio, TX. I put nothing down except first month's payment. Details:
MSRP - 37,465
Sales price - 33,917
Less Conquest rebate - (1,000)
Net Sales Price - 32,917
Taxes and fees:
L&M Fee (1.2%) - 407
Dealer Inventory tax - 73.55
License fees - 134.05
Doc fee - 100
No sales tax due to TX FMV credit benefit offered by IFS
Total Cap Cost - 33,631.60
Monthly payment - $406.45
I had to decide between a 39 month lease w/12k miles per year @ 57% residual and .00121 MF (total payment $388) or 39 months w/15k miles per year @ 56% residual and .00121 MF (total payment of $406). I went with the 15k per year and wrote the check for the first month's payment. Had I gone with a 36 month, 12k mile lease, it would have run about $398 with a MF of .00107 and residual of 59%.
For those on the fence, I've followed G lease deals since I leased my first G 2 1/2 years ago and this is the time to pull the trigger. To be able to get a car like this for less than $400 per month (12k miles per year) is just sick......
premium, no nav, with kick plates, trunk mat..
msrp of $38010
agreed value of $34785 before all dmv/fees, etc (total of fees=$1155
gross cap of $35940
adj cap of $35440 after $499 CCR
39 month lease-10k per year
ZERO drive off
($1000 rebate was used for first month & $499.46 CCR)
$443.09 per month w/tax (38 payments)
residual of $22426
(plus $395 dispositon fee??? in 2007 there was no fee- is this standard now??)
59% residual
0.00121 money factor/tier one...
- Feel it was a much better deal than Miller Infiniti was willing to do. Think it was a very good deal, not great but very good. Was very quick and easy process.
Thanks,
Chintan
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The residual value for a lease with only 12,000 miles per year is 2% higher.
Through the pull-ahead offer, Infiniti will waive up to three remaining payments for lessees at no charge. If you are further away from the scheduled end of your lease than that, you will have to pay for any remaining payments out of your own pocket.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Check out the articles and let us know if you have any specific questions about leasing.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2010 G37X Sedan with 15,000 miles per year are .00112 and 58%, respectively for consumers who qualify for its top credit tiers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Infiniti Financial Services' August buy rate lease money factor and residual value for a base 2010 G37 Sedan with 12,000 miles per year are .00107 and 62%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 39 month lease are .00121 and 61%.
If you were to lease this car with only 10,000 miles per year, its residual values would be 1% higher.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Infinifi Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2010 G37 Sedan Journey with 12,000 miles per year are .00107 and 59%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 39 month lease are .00121 and 58%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
To me, the easiest way to evaluate a lease is to look at the MSRP and selling price that were used to calculate its payment. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Find out what these numbers are and let us know. Either myself or another helpful, knowledgeable community member will let you know what they think.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP is $41,830
After deducting the extras above, the dealer says they're at base plus a destination charge of $865.
Dealer invoice is $38,387
residual is 57% ($23,843.10)
money factor is .00126
I'm told the August money factor and residual are the same as July (as above).
I was told the $1,000 loyalty cannot come off the total from the car, but rather be used against money down for closing which he calculated a little over $1,550 and thus after the $1,000 credit, I would be paying about $600 including first months payment of $493.
Other than the obvious, why pay a couple extra dollars for cargo net and first aid kit, is this reasonable?
------------------
for the G37x coupe, same add-ons exc. for wood trim, I was told monthly payment would be $515.
(not sure which car I'll end up with)
thoughts?
Thanx for any help anyone can provide.
From Infiniti website - Summary: G37 Journey w/Premium for $319/month with $3499 initial payment and 39 months.
$3,499 initial payment required at consummation. (Includes $3,180 consumer down payment, $319 first month payment). ($1,000 owner loyalty or conquest reward included in monthly payment). 2010 G37 Sedan Journey with Premium Package subject to availability to well qualified customers who lease through Nissan-Infiniti LT. Subject to Credit Approval. MSRP $37,475 includes destination charge. Net capitalized cost of $31,984 includes a $595 non-refundable acquisition fee. Retailer contribution may affect actual price set by Retailer. Monthly payments total $12,441.00. At lease end, purchase for $22,110.25, plus $150 purchase option fee (except KS and WI), plus tax, or pay excess wear and tear plus $0.25 per mile for mileage over 10,000 miles per year. Lessee is responsible for maintenance and repairs. Disposition Fee due at termination of lease. No Security Deposit required. See participating Retailer for details. Offer ends 08/31/2010. Supplies of vehicle may be limited in some regional areas. Retailer inventory varies.
You are not given a choice, those are factory "options" that are on every car. I had to pay for the cargo net on my 05, 07, & 08, but the charge for the first aid kit is relatively new. It was always thrown in for "free" in the past.
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
They offered me a great deal right off the bat (numbers the same or very close to what yours were). I could not be happier with the deal and with the customer loyalty incentives offered to me by Infiniti to lease another G37. I've leased the last six vehicles I've driven, and consider this by far the best deal I've ever gotten.
I live in Los Angeles, CA
Sedan Journey 36mo. 12000mls. $406+tax
Sedan Journey. Premium. 36mo. 12000mls. $434+tax
Zero down. Not even the first month payment
Is this a good deal?
Thank you in advance.