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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with 12,000 miles per year would be 1% higher.
There's a $1,000 cash incentive on leases of this car plus another grand for loyal customers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Is $500 over invoice a solid place to start before these other discounts?
I am looking at a 2013 G37 AWD with auto, premium package, and navigation.
The dealer said that the 1st month, docs, admin fees is $1600. With only that down they are offering $389/month for 39 months with 15K miles/year.
Thinking about leasing an Infiniti G37. My credit is excellent and I think I can get a better deal. What do you think? Also, now that the new TAVT tax (explained below) is enacted in Georgia, I can't figure the lease payment myself. Do you have any intel?
MSRP $44,190
Discount: $4,799
Invoice: $39,391
Lease Term: 39 months
Mileage Allowance: 12,000
Trade-In on VW CC Luxury with 35,100 miles: $17,000
Monthly Payment: $453.68
Money Factor: .00046
Residual: 59%
New law in Georgia does away with birthday tax and sales and use taxes are not charged on the base monthly payment any longer. Now TAVT tax of 6.5% is collected up front on the agreed upon price less rebates and trade in value. I understand the TAVT of 6.5% is collected on the FMV or agreed-upon price less rebates and trade-in value plus lease fees and you have to pay that up front.
MSRP 44,960
Selling Price: 38,200
15K/yr - 24 month lease = $339
No money down, just the usual feels up front - tax, 1st month, doc, acquisition, gov't fees - $1784.99
G37x Sedan, Premium, everything but the Nav.
10k/yr / 24 mo = $266/mo
$0 due at signing, just tax, 1st, docs, etc. of $1870
Can you provide the MSRP? Do you know what the money factor and residual were?
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
2013 G37 Sport Sedan; Upgrades include Technology Package, Premium Package, Navigation Package, and Interior Accent Package
MSRP: $47,165
Reduction Price: $43,372
Gross Capitalized Cost: $45,386 (included maint. package)
Adjusted Capitalized Cost: $44,446
Money Down: $1,500 which covered first month payment, title/registration, acquistion fee, document fee, etc.
Residual Value: $28,299
Miles: 10,000 per month
Term: 39 months
Montly Payment (including tax): $460
MSRP $42,600
Selling price of around $37,100 or so
$970 at signing (first month, dealer doc fee, dmv fee...)
acquisition fee was capitalized into the lease
10k miles/24 months
Monthly payment of $355 (includes 9% CA tax)
When you say "new to leasing"......have you ever leased before? Couple things to keep in mind:
Don't put a down payment on a lease......you can pay the "drive offs" which is usually 1st payment, tax, DOC fee, Bank Fee, etc.
Second, don't forget you are "renting" this car for 39 months.......and returning it to the dealer. If you really wanted to buy it, you would NOT lease then buy.....its a losing scenario. So......do you really need all those packages? If you cant live without them.....then go for it. When leasing, generally, you don't want a "loaded" vehicle. The "extras" don't residualize very good, that's where dealers try to steer you......cuz the payment will be higher.
Have the dealer run the numbers on the 24 month special lease, see if your payments go down (I think they will) there is more support on the 24 month lease.
Hope this helps
Is a good deal?
2013 g37x with nav, sport, premium packages as well as illuminated kick plates, cargo net and mud guards.
Msrp: 46,100
Net cap cost: 39, 820
24 months
10 k miles
71% residual
Money factor: 00027
Down: 2495- 495 is for a spoiler and 2 is for tax and fees or so I was told. 8.875% tax
Monthly payment: 310
I like the msrp for the residual value but I couldn't get the msrp myself from the infi website by building the same car. Also does 2k sound right for tax and fees? What do i pay tax on, the net cap cost or just my payments? What do you think?
The NET CAP COST looks great at $39,820
71% residual would = $32,731 (on the $46,100 msrp)
MF = .00027 (fantastic)......that's 0.65%.......almost interest free!
Now, the rear spoiler does not residualize......so you are paying $495 to use it for 2 years (you get no credit at turn in).......personally, I would skip it......its costing you $20/mo to rent that spoiler. Up to your preference.
When I run the numbers........I come up with:
$287.70 + $25.53 tax = $313.23/mo (but I didn't have exact specifics in what was in the $2,000 you are giving dealer)
Just FYI........a $25,000 Honda Accord 4cyl would be roughly this payment for a lease. So, yes the deal looks pretty solid to me.
That's the part I wasn't sure about. The 2k is supposed to be the tax and bank fees etc. So does that mean that I should only be paying $287.70 since I am paying the tax up front?
Anatoly
MSRP : $46955
Selling Price :$40650
Residual : 70%
MF : 0.00027
Tax : 6.3%
$399/Month and $1000 out of pocket for a 24 month lease @ 12000 miles / year
Yes, I think that $500 over invoice minus any available incentives is a good selling price.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical lease of a '13 G37 Convertible IPL are .00071 and 64%.
If you were to lease with only 10,000 miles per year, these cars' residual values would be 1% higher.
There is a $1,000 cash incentive on leases of the Coupe, but nothing on leases of the Convertible.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You mentioned that you're trading in your CC. Make sure to have the dealer cut you a check for any equity that you have in it rather than using the proceeds as a down payment on your lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
To be honest with you, incentives-wise the deals aren't that much better on the '12 Gs either. Dealers were paid our $4,000 dealer cash for any that they had left in inventory last month. There is $3,500 dealer cash on the '13 G37 Sedan right now. Unless dealers are selling '12 models for well below dealer invoice minus incentives, I personally would rather go with a '13 model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Is this a good price for the car ?
Invoice is $43417
So $2700 less than Invoice price
Actual $35,355
70% residual
.00027 factor
payment $349
trade in covers drive offs and $800 cap cost
total payment $311
12k miles per year
whatya think?
Actual $35,355
70% residual
.00027 factor
payment $349
trade in covers drive offs and $800 cap cost
total payment $311
12k miles per year
whatya think?
The $2,000 up front "usually" covers:
Bank Fee (IFS charges this, non-negotiable)
Dealer DOC Fee
1st month payment plus tax on that payment
Some "Cap Reduction" or
Little Down Payment
You can always do a "sign and drive" lease......rolling everything into lease. I normally do that when I lease......but $2,000 spread over 24 mo = $83.33 a month added to your payment PLUS tax.
Or you can go lease a Toyota Camry for the same payment......no brainer, get the Infiniti while they are blowing them out!
The dealership that I am working with managed to put the wrong spoiler on the car... I wanted a wing spoiler which they apparently no longer make so they just decided to add the lip spoiler. Guess I'll take it if it's free.
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
2013 G37 Journey with Premium
10k miles
MSRP 40,845
sale price 36,000
Cap cost reduction 1,268.29
Adj cap cost 34,731.71
Residual 24,098.55
Depreciation 10,633,16
Rent 1,055.34
39 months @ $323.69 (includes 8% tax)
Due on delivery is $3785.63 which includes previous lease balance of $1889.44 and $1000 rebate.
Please advise. signing 2nd lease, just understanding the negotiating process of leasing.
I'd wait... the lease deal on the vehicle is decent, but you are paying $50/mo. more (well.. $1900 upfront, but you get the idea) because your current lease still has 6 months left..
What is your current lease payment?
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I am looking to lease a 2013 G37X with premium package. I am looking to stay under the $300 a month lease payment including tax with no money down other than first month payment. Do you think this is possible if I do a 24 month lease?
Thanks!
The valuable information you and others provide in this forum which enables customers like myself to negotiate with confidence certainly reinforces that loyalty. My current lease is actually up in October but I plan to take advantage of Infiniti's lease pull ahead program, so I will continue to check back in up until I make a purchase.
I am a bit surprised that it seems the residual value isn't as strong for the IPL as other G coupe models. If I am wrong here please correct me.
In any case, can you also please provide the May lease numbers for the same? TIA!
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.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with 10,000 miles per year would be 1% higher.
When negotiating your deal, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of this car. There's $500 dealer cash certificates floating around out there on this model as well.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 36-month lease are .00047 and 56%.
The numbers for an otherwise identical 39-month lease are .00055 and 55%.
If you were to lease with 12,000 miles per year, these residual values would be 1% higher. With 10,000/year they would be 2% higher.
There is a $1,000 cash incentive on leases of this car this month.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
nfiniti Financial Services' May buy rate lease money factor and residual value for a 24-month lease of a 2013 G37 Coupe IPL with an automatic transmission and 12,000 miles per year are .00015 and 62% for consumers who qualify for its top credit tier.
this looks slightly less attractive than the program was last month. I know that the lease program on the G Sedans is worse in May by about $20 per month. that may be the case for the Coupe as well.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum