@tennisplayer...re your general question of leasing vs buying outright: 1) Leasing is a form of option contract whereby you have the option of putting the car back to the manufacturer at a set price, hence they are assuming all price risk. If the price is higher than what they set the residual - you buy it; if lower, you hand it back and its their problem. If you buy it outright, you assume all price risk. Think early 2000 Ford Explorer ("Exploder"). 2) Inflation is running ~2%. Borrowing at less than inflation is called positive carry. Effectively you are borrowing below 0% real interest. 3) If you buy the car for $42k upfront, you lose out on what you could earn on that cash over the course of the loan. Very conservatively, you should be able to make more than what the current MF rate is, less inflation.
Leasing makes sense when the MF rate (cost of money) is below inflation and the residual is high - as is here with the current G lease deals. You still have to negotiate a good selling price though.
Thank you for the explanation. I was able to get the 36 month rate down to $411 using a form of prepayments for 6 months thanks to my back and forth with a reputable salesperson. I'm a happy camper now and I think I'll be moving forward with the lease. Thanks again.
Hi, First time poster. Looking at a G37 Sedan. The "best" deal the dealer says he has out the door with all fees is 520.11 a month for 24 months. Premium and Navigation. He has 37 units in stock. Paying cash upfront, all at once, no trade. Seems this is completely off the charts with what others are paying..... a total of $12,482.64 when other deals apear to be going in the high 10,000- low 11,000 range. I am relocating and buying from out of state so I dont have the advantage (or disadvantage) of going to the dealer.....any thoughts on where I should be? Thank you in Advance
I have been offered $435/month out the door with only $435 due at signing and my trade free and clear on a 15K 36month lease.
I still haven't taken this deal, because I think I can better and this deal is way better than what you have been offered. I think you should walk and tell these people where they can stick it! That is a terrible deal with the current rates and incentives.
I am going to make a deal tonight on a G37 Journey/Premium. The dealer is saying they have 24 and 39 month leases. I saw in earlier posts that the July Residual, money factor for 36 months are 55% and .00033 repectively. Do you have the numbers for 39 month lease Tier1. Thank you in advance. I have used these forums for my last 3 leases.
Hi kapkanimd. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37 Sedan Journey with 12,000 miles per year are .00016 and 68% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical lease of a 2013 G37 Coupe are .00017 and 67%.
Infiniti is currently providing a $2,500 cash incentive on leases of both of these cars.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi zzooioozz. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37X Sedan with 15,000 miles per year are .00004 and 66% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00036 and 57%.
The lease cash on this car is now $2,500.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi 28firefighter. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37X Sedan with 10,000 miles per year are .00004 and 69% for consumers who qualify for its top credit tier.
When negotiating your deal, make sure to take advantage of the $2,500 cash incentive that is currently available on this car.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
You're welcome radtrax. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 G37 Coupe AWD with 12,000 miles per year are .00033 and 68% for consumers who qualify for its top credit tier.
There is a $2,500 cash incentive on leases of this car right now.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hey Rafael. Infiniti Financial Services' July buy rate lease money factor and residual value for a 39-month lease of a 2013 G37 Sedan Journey with 15,000 miles per year are .00033 and 55% for consumers who qualify for its top credit tier.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Can you give me MF and Residual for a 2013 G37 Convertible? I'm also curious of prices paid and any incentives that are currently available. I'd prefer 36 months unless 39 month is favorable.
I'm going to be pulling the trigger this month on either a Journey or AWD coupe (finding it more difficult than I expected to find the AWD coupe I'm wanting in Florida ;-)
I'll be coming out of an Anniversary Edition sedan, and as such, plan take full advantage of the Loyalty Payment Waiver program - as well as the additional $1000 Loyalty Dealer Cash. I'll post up how the deal goes down for those who are following.
Just to confirm, the numbers for an otherwise identical lease of a 2013 G37 Journey Coupe are .00017 and 67% - correct?
From your numbers, I'm looking at a 45475 MSRP G37X Sedan. I plugged in the numbers to Edmunds' Auto Lease calculator and the monthly price is way lower than I expected. Does this make sense to you?
I find this hard to believe. Did I put the Sales Price too low? Is this unreal? I only got that number from the deals I've seen on this forum for a MSRP 45375 Infiniti G37X Sedan Auto.
I've been interested in a G37 Journey for a while, particularly with all the incentives available now that the Q50 is scheduled for arrival on 8/5. Right now, however, I'm in month 33 of a 39-month lease on a Nissan through Nissan-Infiniti Financial Services, and I'd like to get out of it if I can. Even though Nissan and Infiniti are divisions of the same company, and I've been told that leasing a new Infiniti would entitle me to the same disposition fee/excess wear-and-tear waiver that I'd get from leasing another Nissan, I'm also being told that I don't qualify for the 3-month pull down that Infiniti is offering to previous Infiniti lessees, or the $1,000 in loyalty money. Maybe I'm being unrealistic, but you'd think that Nissan would want to do anything possible to get its loyal customers to "move up" to its more expensive marque.
I hadn't intended to buy the car once the lease ended---the residual value is $18.2K, and the approximate trade-in value is about $17K. Right now, with the remaining lease payments, the payoff is $21K.
This is my first lease, and I'm unfamiliar with negotiating buyouts. Any suggestions? In your experience, what can be done to mitigate the potential termination fees in a situation like this (other than just "rolling" what is owed into a new transaction). I'm willing to pay a bit more to get into a better car, but do you think I'm better off just holding on to the car I have and taking my chances on whatever lease deals Infiniti might have in six months?
1st time poster. I'm in the market to lease a 2013 Dodge Charger SxT. I don't mind the base car, but every dealer I've been to wants to push the SXT with extra packages. Wanted to know what a good deal on the SXT would be. For a sticker price of $34,000, I've been quoted anywhere from $419 to $565, with $1,000 out of pocket. Also, can anyone tell me what the July 2013 money factor and residual rates are for SXT's. thanks
Please share your thoughts on the below quote I received...I am especially interested in what I may be able to do to reduce the down payment. The monthly on the 24 mo. is great, but I would rather not shell out almost $5k at signing. Thanks!
Stock#15402 2013 Infiniti G37x sedan Exterior Color: Graphite Shadow Interior Color: Graphite Options: Premium Package Navigation Package Illuminated Kick Plates MSRP: $44,775.00 Cap Cost: $39,800.00 (selling cost) Money factor: 0.00004 Lease Info: 24 month lease/ 12K per year $2,495 down plus taxes and fees (est $4,800) $289 per month (I do not think this includes sales tax).
36 month lease/ 12K per year $2,495 down plus taxes and fees (est $5,300) $345 per month
Do not put that much money down! The money factor you were quoted is equal to a .096% interest rate. In other words they are loaning you the money for free. Roll everything into the lease.
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
Roger that. The cheaper the money, the lower the drive off amount. If this is the sedan, this deal is close to what I received at the end of last month on a sport model. Mine was the equivalent of about $1,500 cheaper or $45/month, but that was because the nav was free, and I got a larger discount off MSRP. My mf was higher than .00004. Try to get something like $400 with nothing to drive off. Try other dealers and/or wait a couple of weeks.
Thanks, wonderwarthog and kingpcgeek...appreciate the advice. Here's what he quoted me at various drive-off amts:
$475.78 total due at delivery/ $475.78 per month $1,500 total due at delivery/ $431.20 per month $2,000 total due at delivery/ $409.44 per month $3,000 total due at delivery/ $365.91 per month
I'm also considering a 2013 Sonata SE 2.0T...I know it's probably not apples-to-apples as far as performance/styling, but if I can get it for $260 with nothing down, I don't think I can justify another $215/mo. even for the extra 54 hp.
So for a G37 with premium 24 month lease we should be looking to hit $400 a month all in? Or plus fees? Right now I am looking at $11,000 total for a 24 month lease all fees included. The dealer has a significant number of units on the floor. When did the lease cash become available? recently?
I'm not exactly sure when this lease cash incentive was from, but Edmunds says 7-2 until 7-31. I've read some people on forums talking about this since May however.
You really need to do your research on leasing before you make a decision. There is more to the deal than the payment and the offer the dealer is giving you off the bat is never a good one. 475/month with zero down is way more than you should be paying.
You can do a quick check to see how askew the deal really is:
475.78/month * 36 months = 17,128.08. If the residual is 56% and the MSRP is 43,500 then Residual value is 24,360.
Residual Value 24,360 + (your total payments) 17128.08 = 41,488
Looks like a reasonable deal given the MSRP, but you shouldn't be paying MSRP you should be shooting for Invoice (41500) and then you get 2,500 in incentives which gets you to 39000. So you are paying ~2,500 more than you should be paying.
Not exactly this simple, but its a good way to quick check the deal. The lease rate is so low right now, its practically free money and I'm sure the quote he gave you doesnot include taxes (because they never do)
This is the deal I'm pushing for. If a dealer can't reach this or at least get real close, it's not a good deal to me. I have included all costs/fees as given by the dealer. The numbers make sense and I'm using the current rates. I'm trying to get a dealership to tell me why my numbers dont work, but none of them can explain why they can't match my deal. Or at lease get close. As you can tell, I'm pretty aggressive, but Infiniti called me asking to get me out of my lease soon.
Lease Estimate Infiniti G37 Journey with NAV MSRP $43,250.00 Capitalized Cost $37,900.00 Dealer Fee $599.00 Acq. Fee $700.00 Lemon Law $2.00 FL Batt/Tire Lease Fee $66.50 Tag Transfer $55.00 Cash Down $ - Incentives $3,500.00 Net Capitalized Cost $35,822.50
Money Factor 0.00027 Residual Value Percentage 0.56 Residual Value Amount $$ $24,220.00 Tax 0.07 Rental Charge $18.22 Depreciation $11,602.50 Lease Term 36 Base Monthly Payment $340.51 Total Monthly Payment $364.34
Can you quote the money factor and residual on a 2013 G37xS with Sport package? MSRP is $46.025 but looking to get below invoice on a 24 mo/15k lease. Possible? Or better for 36mo/15k?
I am new here and would like opinions on a quote from dealer. Just as FYI, I leased and Infiniti G35 Coupe few years back but don't have one right now, so not sure if I can still avail the return customer incentive.
Here is the quote:
G37 Journey with premium package (no navigation) for 24 month, 10000 miles/year lease.
MSRP: $41510
Net Cap: $36086 Acq Fee: $700 Gross Cap: $36786
Doc fee: $80
Residual %: 69% MF: 0.00016
Residual: $28641.90 Total Base: $8395.38
Per month: $349.81 Tax: $30.61 Total per month: $380.42
Drive Off: $841
I walked out and few days later got a call saying he can knock off another $1500 from the net cap.
Do you think this will be a good deal after the $1500 discount?
With the discounted $1500, this deal looks ok, but could be a little better. I figure your payment should be about $335. Make sure you're getting all the incentives available to you (described in this forum) and aim for a selling price no more than $200 over invoice. Subtract the incentives from that number and see what you get for selling price. Don't exceed that price. I think you should be able to get that payment down to at least $320/month, maybe $300-310.
Your invoice price should be $38,586 assuming the $300 ICAP so their initial quote was right at the invoice before the IFS $2500 dealer cash. Subtracting another $1,500 from the net cap cost puts your payment at $312 @ 8.75 sales tax. I see no reason why you shouldn't be able to get your payment down to $300 per month or less with more negotiating.
I got quotes close to 19% discount from MSRP at the end of June. Shooting for 18% puts your target sales price at $34,038 (another ~$550 off), with net cap at $34,738. Be patient and you may get that towards the end of this month if you can afford to wait. This gets your payment to $287.
Also, put down a one month deposit at drive off to buy down your MF. That will add $300 to your drive off but reduce that payment to $280. You get that $300 back in the end.
Also, some folks on here have suggested finding a current Infiniti owner to co-sign your lease to qualify for the additional $1,000 rebate. If you can do that and apply it to your drive off, you'll pay less than $100 when you sign.
A sale price at $34,470 puts your payment at $300 with one deposit.
2001 Passat 2010 G37S Sedan 2013 G37xS Sedan 2014 QX60 2015 Q40 2016 QX60 2016 E350 Sedan 2017 QX60 2019 E450 Wagon 2021 Sienna XSE AWD 2022 Lexus RX350 2022 Chrysler Pacifica Hybrid Limited 2023 Nissan Pathfinder Platinum 4WD
Great information and thanks a lot for your input. The price I quoted was without any negotiation (the quote without $1500 incentive was with employee discount).
I have few questions:
1. What does it mean by buying down MF. Does it mean I am effectively getting the money for no interest if I put $300? How is the buy down calculated?
2. I do have a friend who got a pre-owned dealer certified infiniti recently, can he co-sign the lease or does it have to be new car owner only? I am assuming he should have his car financed through IFS to be able to co-sign?
3. Is it a good idea to trade in my used car. It is more than 10 year old car which may be difficult to get rid of on craigslist? What should I target as trade-in price (average of KBB private party and dealer?).
Thanks for all the help so far, this is a great forum!
Truecar.com has quoted me 13.5% off MSRP MSRP - $54,055 Truecar - $46,763
What should I expect as a lease payment? My local dealership is notorious for robbing people blind and said that they would give me the "deal" of $499/mo plus tax (8%) with $4k down. The national ad deal is $507/mo plus tax with $4k (+/-) down. So with a discount of $7,200 from truecar (+/-) I am curious as to what to expect. The crooks also said that the discount includes a $2,500 rebate that applies to purchases only, not leases...true, or more theivery?
Would someone please give me the current 36mo/10K/yr lease numbers for the G37 convertible? 24 month would be nice too if its available.
I currently have a '13 M37 so let me know about any loyalty money as well.
Also, I wouldn't mind hearing what you lease gurus think is a great $0 down deal for a G37 vert with Premium and Nav.
The MSRP on that car would be $54,055 and Truecars 'great' price at the moment is basically 47,000 if that helps. That's only 13% off MSRP on a one year old car so I don't necessarily consider that a great price myself as we head into August.
I was able to get them to agree on $375/month (includ. Tax) with $0 down and only 1st payment at signing. I had 7 remaining payments on the lease, 3 payments were eliminated with the pull ahead promotion and my salesman called IFS to try to get the rest waived, but was unsuccessful.
4 payments of 413 (=1652) were going to be rolled into the lease, but I got the dealer to only roll $1494 into the new lease to keep me at the same payment I have now. So as you can see I got this car with $0 at signing and only 1st month payment at inception. Great Deal and I'm very happy with my new G.
Lease 2013 Infiniti G37 Journey with PREM /NAV MSRP $43,360.00 Capitalized Cost $40,100.00 Dealer Fee $599.00 Acq. Fee $700.00 Lemon Law $2.00 FL Batt/Tire Lease Fee $66.50 Tag Transfer $55.00 Cash Down $- Incentives $3,500.00 Net Capitalized Cost $39,516.59
Money Factor 0.00027 Residual Value Percentage 0.58 Residual Value Amount $$ $25,148.80 Tax 0.07 Rental Charge $18.50 Depreciation $14,367.79 Lease Term 39 Base Monthly Payment $386.90 Total Monthly Payment $413.99
Folks, if you are looking for any advice on a lease, DO NOT PUT ANY MONEY DOWN ON A LEASE!!!! Don't let the dealer convince you to do a cap cost reduction to lower your payment, you are better off keeping your money in a separate account and using a little each month to cover the difference in payment.
I dont know how unique my situation is. I have a 2010 g37s sedan coming off lease in 4 months. It has about $1800 in body damage that I do not want to lay out, nor want to go through insurance. Ideally I want the dealer to fix the car, and roll the cost of repairs into a new lease. Has anybody had any experience with this? Im thinking I would negotiate the price of the new car first, then add in the cost of repair from there, does this sound valid?
Have you performed your IFS Lease end inspection yet?
I had a slight dent/deep scratch on the lower front of my last G37S. Got quotes around $600 to fix it. I got dinged only $80 for that as wear & tear upon inspection because the panel wasn't torn!
Maybe see how much in chargeable wear & tear they come up with in your Vehicle Condition Report. I also took advantage of the $500 W&T forgiveness, which you may still be able to get for renewing another lease.
2001 Passat 2010 G37S Sedan 2013 G37xS Sedan 2014 QX60 2015 Q40 2016 QX60 2016 E350 Sedan 2017 QX60 2019 E450 Wagon 2021 Sienna XSE AWD 2022 Lexus RX350 2022 Chrysler Pacifica Hybrid Limited 2023 Nissan Pathfinder Platinum 4WD
Get an end lease inspection and estimate of damages. Don't let the dealer determine on their own what the costs should be, they may high ball to increase the bottom-line.
Not sure what the final selling price is. Originally at 42k for $438, local dealer matched, and the out of town dealer dropped lower to $410. I'll post all numbers on Saturday when everything is signed and I have paperwork.
1. You can buy down the money factor by 0.00010 for each security deposit you put down. In effect, you lower your interest rate. Give them the deposit at inception, get it back when you return the car, net of whatever wear and tear, mileage overage etc. deductions. But somewhere else on the forums someone mentioned that 2 deposits are the minimum for IFS, so I don't know if you can do that with your 0.00016 MF. YMMV on that.
2. Any Infiniti owner should do. On my first Infiniti lease, they saw that my wife had a G35 and that was good enough. She didn't even have to co-sign or provide any docs. You should inquire with your dealer though to make sure. I've never had to do that but have seen others mention it.
3. I think you'll always recoup the most in a private sale versus a trade in, but it's probably more work. Get a quote from Carmax, price it out on KBB and Edmunds, see other listings in your area on Craigslist and Autotrader, Cars.com etc. It's as much art as science. But doesn't hurt to list it now (CL and also eBay motors) at the high end and see if there's any interest before you are close to getting your car. You can always lower your asking price as you get serious bidders. When I got my first lease the dealer offered me $2,500 on my 9 year old Passat. I ended up selling it for $4,700, and that was lower than I probably could've gotten because I didn't want to take more time to sell it.
2001 Passat 2010 G37S Sedan 2013 G37xS Sedan 2014 QX60 2015 Q40 2016 QX60 2016 E350 Sedan 2017 QX60 2019 E450 Wagon 2021 Sienna XSE AWD 2022 Lexus RX350 2022 Chrysler Pacifica Hybrid Limited 2023 Nissan Pathfinder Platinum 4WD
Comments
1) Leasing is a form of option contract whereby you have the option of putting the car back to the manufacturer at a set price, hence they are assuming all price risk. If the price is higher than what they set the residual - you buy it; if lower, you hand it back and its their problem. If you buy it outright, you assume all price risk. Think early 2000 Ford Explorer ("Exploder").
2) Inflation is running ~2%. Borrowing at less than inflation is called positive carry. Effectively you are borrowing below 0% real interest.
3) If you buy the car for $42k upfront, you lose out on what you could earn on that cash over the course of the loan. Very conservatively, you should be able to make more than what the current MF rate is, less inflation.
Leasing makes sense when the MF rate (cost of money) is below inflation and the residual is high - as is here with the current G lease deals. You still have to negotiate a good selling price though.
I still haven't taken this deal, because I think I can better and this deal is way better than what you have been offered. I think you should walk and tell these people where they can stick it! That is a terrible deal with the current rates and incentives.
Buyer Beware!!!!
I am going to make a deal tonight on a G37 Journey/Premium. The dealer is saying they have 24 and 39 month leases. I saw in earlier posts that the July Residual, money factor for 36 months are 55% and .00033 repectively. Do you have the numbers for 39 month lease Tier1. Thank you in advance. I have used these forums for my last 3 leases.
Rafael
The numbers for an otherwise identical lease of a 2013 G37 Coupe are .00017 and 67%.
Infiniti is currently providing a $2,500 cash incentive on leases of both of these cars.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 36-month lease are .00036 and 57%.
The lease cash on this car is now $2,500.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
When negotiating your deal, make sure to take advantage of the $2,500 cash incentive that is currently available on this car.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
There is a $2,500 cash incentive on leases of this car right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Can you give me MF and Residual for a 2013 G37 Convertible? I'm also curious of prices paid and any incentives that are currently available. I'd prefer 36 months unless 39 month is favorable.
Thanks!
I'm going to be pulling the trigger this month on either a Journey or AWD coupe (finding it more difficult than I expected to find the AWD coupe I'm wanting in Florida ;-)
I'll be coming out of an Anniversary Edition sedan, and as such, plan take full advantage of the Loyalty Payment Waiver program - as well as the additional $1000 Loyalty Dealer Cash. I'll post up how the deal goes down for those who are following.
Just to confirm, the numbers for an otherwise identical lease of a 2013 G37 Journey Coupe are .00017 and 67% - correct?
From your numbers, I'm looking at a 45475 MSRP G37X Sedan. I plugged in the numbers to Edmunds' Auto Lease calculator and the monthly price is way lower than I expected. Does this make sense to you?
I plugged in:
Vehicle Sales Price: 39000
Title Fees: 500
Incentives: 2500
Down: 0
Lease Term: 24
Miles: 10000
Residual Value (45375 * 0.69): 31308
Money Factor: 0.00004
Acq Fee: 700
Monthly Payment: $288
I find this hard to believe. Did I put the Sales Price too low? Is this unreal? I only got that number from the deals I've seen on this forum for a MSRP 45375 Infiniti G37X Sedan Auto.
I hadn't intended to buy the car once the lease ended---the residual value is $18.2K, and the approximate trade-in value is about $17K. Right now, with the remaining lease payments, the payoff is $21K.
This is my first lease, and I'm unfamiliar with negotiating buyouts. Any suggestions? In your experience, what can be done to mitigate the potential termination fees in a situation like this (other than just "rolling" what is owed into a new transaction). I'm willing to pay a bit more to get into a better car, but do you think I'm better off just holding on to the car I have and taking my chances on whatever lease deals Infiniti might have in six months?
so for 15k mi you subtract 2% from the residual (so it is 66%).. the money factor doesn't change
Stock#15402
2013 Infiniti G37x sedan
Exterior Color: Graphite Shadow
Interior Color: Graphite
Options:
Premium Package
Navigation Package
Illuminated Kick Plates
MSRP: $44,775.00
Cap Cost: $39,800.00 (selling cost)
Money factor: 0.00004
Lease Info:
24 month lease/ 12K per year
$2,495 down plus taxes and fees (est $4,800)
$289 per month (I do not think this includes sales tax).
36 month lease/ 12K per year
$2,495 down plus taxes and fees (est $5,300)
$345 per month
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
Can you give me MF and Residual for a 2013 G37 6MT sedan?
Looking to do 9 MSD
24 month and 36 month
15k/year
Thanks!
$475.78 total due at delivery/ $475.78 per month
$1,500 total due at delivery/ $431.20 per month
$2,000 total due at delivery/ $409.44 per month
$3,000 total due at delivery/ $365.91 per month
I'm also considering a 2013 Sonata SE 2.0T...I know it's probably not apples-to-apples as far as performance/styling, but if I can get it for $260 with nothing down, I don't think I can justify another $215/mo. even for the extra 54 hp.
http://www.edmunds.com/infiniti/g-sedan/2013/car-incentives.html
You can do a quick check to see how askew the deal really is:
475.78/month * 36 months = 17,128.08. If the residual is 56% and the MSRP is 43,500 then Residual value is 24,360.
Residual Value 24,360 + (your total payments) 17128.08 = 41,488
Looks like a reasonable deal given the MSRP, but you shouldn't be paying MSRP you should be shooting for Invoice (41500) and then you get 2,500 in incentives which gets you to 39000. So you are paying ~2,500 more than you should be paying.
Not exactly this simple, but its a good way to quick check the deal. The lease rate is so low right now, its practically free money and I'm sure the quote he gave you doesnot include taxes (because they never do)
Lease Estimate Infiniti G37 Journey with NAV
MSRP $43,250.00
Capitalized Cost $37,900.00
Dealer Fee $599.00
Acq. Fee $700.00
Lemon Law $2.00
FL Batt/Tire Lease Fee $66.50
Tag Transfer $55.00
Cash Down $ -
Incentives $3,500.00
Net Capitalized Cost $35,822.50
Money Factor 0.00027
Residual Value Percentage 0.56
Residual Value Amount $$ $24,220.00
Tax 0.07
Rental Charge $18.22
Depreciation $11,602.50
Lease Term 36
Base Monthly Payment $340.51
Total Monthly Payment $364.34
Current Lease Pay-Off $24,210.09
3 month pull-ahead ($413.00/month) $1,239.00
Residual + Remaining Payments $22,971.09
Amount for Trade $22,971.09
Negative Equity $ -
2013 G37 Sedan Journey
Premium package
Navigation package
Interior accents package
Kick plates, mats, etc.
MSRP: $43,999
Sale price: $36,395
24 month lease
12000 miles/year
Residual of 69%
MF of .00016
$325/month (tax included)
$500 driveoffs
I traded in a 2010 G37 so I got the $1000 loyalty in addition to the $2500 dealer cash.
2013 G37X Sedan with Premium pkg. $399/mo. with $739 due at signing... Only addition is sales tax (about $25/mo, here..)
w/premium pkg and NAV, add $10/mo...
That's for 24 month, 10K/yr...
They don't stock non-AWD models, so no price points for that..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Msrp: $48,405
Term: 24 months, 12,000 miles
$0 down (no money exchanging hands)
$410 a month
Feel like I got a got a great deal and happy to turn in my EX35
I am new here and would like opinions on a quote from dealer. Just as FYI, I leased and Infiniti G35 Coupe few years back but don't have one right now, so not sure if I can still avail the return customer incentive.
Here is the quote:
G37 Journey with premium package (no navigation) for 24 month, 10000 miles/year lease.
MSRP: $41510
Net Cap: $36086
Acq Fee: $700
Gross Cap: $36786
Doc fee: $80
Residual %: 69%
MF: 0.00016
Residual: $28641.90
Total Base: $8395.38
Per month: $349.81
Tax: $30.61
Total per month: $380.42
Drive Off: $841
I walked out and few days later got a call saying he can knock off another $1500 from the net cap.
Do you think this will be a good deal after the $1500 discount?
Thanks a lot for your time!
By the way that drive off includes the first month's payment and DMV fee etc. so it is around $461 (after excluding the monthly payment).
I got quotes close to 19% discount from MSRP at the end of June. Shooting for 18% puts your target sales price at $34,038 (another ~$550 off), with net cap at $34,738. Be patient and you may get that towards the end of this month if you can afford to wait. This gets your payment to $287.
Also, put down a one month deposit at drive off to buy down your MF. That will add $300 to your drive off but reduce that payment to $280. You get that $300 back in the end.
Also, some folks on here have suggested finding a current Infiniti owner to co-sign your lease to qualify for the additional $1,000 rebate. If you can do that and apply it to your drive off, you'll pay less than $100 when you sign.
A sale price at $34,470 puts your payment at $300 with one deposit.
2001 Passat2010 G37S Sedan2013 G37xS Sedan2014 QX602015 Q402016 QX602016 E350 Sedan2017 QX602019 E450 Wagon2021 Sienna XSE AWD2022 Lexus RX3502022 Chrysler Pacifica Hybrid Limited
2023 Nissan Pathfinder Platinum 4WD
I have few questions:
1. What does it mean by buying down MF. Does it mean I am effectively getting the money for no interest if I put $300? How is the buy down calculated?
2. I do have a friend who got a pre-owned dealer certified infiniti recently, can he co-sign the lease or does it have to be new car owner only? I am assuming he should have his car financed through IFS to be able to co-sign?
3. Is it a good idea to trade in my used car. It is more than 10 year old car which may be difficult to get rid of on craigslist? What should I target as trade-in price (average of KBB private party and dealer?).
Thanks for all the help so far, this is a great forum!
Truecar.com has quoted me 13.5% off MSRP
MSRP - $54,055
Truecar - $46,763
What should I expect as a lease payment? My local dealership is notorious for robbing people blind and said that they would give me the "deal" of $499/mo plus tax (8%) with $4k down. The national ad deal is $507/mo plus tax with $4k (+/-) down. So with a discount of $7,200 from truecar (+/-) I am curious as to what to expect. The crooks also said that the discount includes a $2,500 rebate that applies to purchases only, not leases...true, or more theivery?
Thanks in advance!!
I currently have a '13 M37 so let me know about any loyalty money as well.
Also, I wouldn't mind hearing what you lease gurus think is a great $0 down deal for a G37 vert with Premium and Nav.
The MSRP on that car would be $54,055 and Truecars 'great' price at the moment is basically 47,000 if that helps. That's only 13% off MSRP on a one year old car so I don't necessarily consider that a great price myself as we head into August.
4 payments of 413 (=1652) were going to be rolled into the lease, but I got the dealer to only roll $1494 into the new lease to keep me at the same payment I have now. So as you can see I got this car with $0 at signing and only 1st month payment at inception. Great Deal and I'm very happy with my new G.
Lease 2013 Infiniti G37 Journey with PREM /NAV
MSRP $43,360.00
Capitalized Cost $40,100.00
Dealer Fee $599.00
Acq. Fee $700.00
Lemon Law $2.00
FL Batt/Tire Lease Fee $66.50
Tag Transfer $55.00
Cash Down $-
Incentives $3,500.00
Net Capitalized Cost $39,516.59
Money Factor 0.00027
Residual Value Percentage 0.58
Residual Value Amount $$ $25,148.80
Tax 0.07
Rental Charge $18.50
Depreciation $14,367.79
Lease Term 39
Base Monthly Payment $386.90
Total Monthly Payment $413.99
Current Lease Pay-Off $24,210.09
3 month pull-ahead ($413.00/month) $1,239.00
Residual + Remaining Payments $22,971.09
Amount for Trade $21,477.00
Negative Equity $1,494.09
Folks, if you are looking for any advice on a lease, DO NOT PUT ANY MONEY DOWN ON A LEASE!!!! Don't let the dealer convince you to do a cap cost reduction to lower your payment, you are better off keeping your money in a separate account and using a little each month to cover the difference in payment.
I had a slight dent/deep scratch on the lower front of my last G37S. Got quotes around $600 to fix it. I got dinged only $80 for that as wear & tear upon inspection because the panel wasn't torn!
Maybe see how much in chargeable wear & tear they come up with in your Vehicle Condition Report. I also took advantage of the $500 W&T forgiveness, which you may still be able to get for renewing another lease.
2001 Passat2010 G37S Sedan2013 G37xS Sedan2014 QX602015 Q402016 QX602016 E350 Sedan2017 QX602019 E450 Wagon2021 Sienna XSE AWD2022 Lexus RX3502022 Chrysler Pacifica Hybrid Limited
2023 Nissan Pathfinder Platinum 4WD
2. Any Infiniti owner should do. On my first Infiniti lease, they saw that my wife had a G35 and that was good enough. She didn't even have to co-sign or provide any docs. You should inquire with your dealer though to make sure. I've never had to do that but have seen others mention it.
3. I think you'll always recoup the most in a private sale versus a trade in, but it's probably more work. Get a quote from Carmax, price it out on KBB and Edmunds, see other listings in your area on Craigslist and Autotrader, Cars.com etc. It's as much art as science. But doesn't hurt to list it now (CL and also eBay motors) at the high end and see if there's any interest before you are close to getting your car. You can always lower your asking price as you get serious bidders. When I got my first lease the dealer offered me $2,500 on my 9 year old Passat. I ended up selling it for $4,700, and that was lower than I probably could've gotten because I didn't want to take more time to sell it.
2001 Passat2010 G37S Sedan2013 G37xS Sedan2014 QX602015 Q402016 QX602016 E350 Sedan2017 QX602019 E450 Wagon2021 Sienna XSE AWD2022 Lexus RX3502022 Chrysler Pacifica Hybrid Limited
2023 Nissan Pathfinder Platinum 4WD