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Regards,
Eric
I actually have a $500 deposit on a G35 Sport with premium and wood trim,($1000 add on thrown in for free since we picked the car and negotiated price prior to them adding this, came in a week before to talk numbers) no NAV or spoiler.
Here are the numbers so far, is this a good deal?
MSRP $36900
Money factor:.00242 or something close came to 5.83% when converted
Residual: 56%
Payment $530 including taxes
Term: 42
Could not use VPP, but was quoted approx. $500 above Invoice or around $33600.
Money Down: $1000
I believe I can improve the money factor after looking at a few other deals here and knowing that I have at least a 700 score. Is this a good deal, do you see areas for improvement? I asked to have first months payment thrown in and/or the spoiler and they balked. I'm guessing with the wood thrown in they are figuring they already gave away $1000 of MSRP, but that's their fault not mine. So far I don't feel they have given me all the much ( VPP got me most even though it officially does not qualify right now, with exception of the wood, and so I think their may be some more to move in this deal. The wife won't be to happy if I lose this car over a few bucks as it has everything she wants, but I have never leased before and don't want to make a first timers mistake.
Thank you in advance Car-Man and anyone else with an opinion.
G35x with Premium
24 month lease, 20,000 mile allowance (10k/yr)
$1995 down payment
$319 per month payment
The car is brand new (10 miles) and seems too good to be true. I'm going to call to find out the money factor but with a payment this low it doesn't seem like it would matter anyway. The only downside would probably be a high residual.
Should I give them a call or should I be suspicious? The site says they are actually overstocked and are offering this for that reason. Thoughts?
Thank you.
I have one more question.
sure I wait more time to see the quality on the new 2007 infiniti g35?
my infiniti its excellent its been a super car to me and the deal was great.
I lease my 2006 infiniti g35 msrp $36900 and change
for $445.00 including taxes.
for 24 months only
and only $845.oo out of my pocket.
so if I wait a little bit longer do you think I will get a chance to lease a 2007 sport with the auto transmition for the same deal, I have?(its about the same msrp.
Well know that I think about it the deal was originally for 39 months when I was quoted the MF and the residual so that may have changed. What happened is I was leaving when the manager pulled me into his office and made the $500 over invoice deal but for 42 months, do these numbers sound consistent with my previous figures or does it sound like they dabbled with the residual? Also won't pulling the $1000 down raise my payments even though I put that same $1000 down as a deposit and lower the MF?
I have yet to verify, but based on other posts here, Infiniti Financing reduces the MF by .0001 for each additional SD. I did a quick calculation with approx. $34,000 cap cost and .0020 MF. The increase is roughly $15 per month without down pay. Over the life of lease, you would pay $630 ($15x42) more but receive $1,000 at lease end. Essentially, you make $370 interest on your $630 investment. that is approx. 26% annual rate, tax-free. Perhaps more importantly, should your car be stolen or totaled, you still get your deposit back, whereas down payment is gone forever once you drive the car off dealer's lot.
See post #3913 and #3923 at below link.
http://townhall-talk.edmunds.com/direct/view/.ef0b873/3907
Here are the final numbers on the deal I was quoted for 2007 G35 Journey- premium package, tint, wood trim, satellite radio, splash:
I received a quote with the following numbers in Las Vegas:
36 month lease
15,000 miles/year
0 down
$563 (includes tax of %7.75)
$19,902.40 Residual
Thank you. The agreed upon value for the car is $33,938 and the gross cap cost for my lease is $35,155.98. I was told that the MF was %.00196 and that the residual was 56%. Thank you for your opinion regarding this deal ASAP as I am supposed to sign on the deal today.
Eric
MSRP 36900
Gross Cap 35791 (was originally told would get car at $500 over invoice or $34250, but $599 Aquistn fee and 595 bank fee brought up the number)
Cap reduction $1000
Adjusted cap 34791
Residual: 19899 or approx 54%
MF; .0024
Term :42
Tax- Florida 7%
current quoted payment $530.69
I think they have some numbers slightly off because I ran the numbers on the lease calculator linked below and came up with $519...
http://www.leaseguide.com/calc.htm
24 mo/15k mi – Residual Value 70% of MSRP – .00214 Money Factor Buy Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00212 Money Factor Buy Rate
48 mo/15k mi – Residual Value 47% of MSRP – .00240 Money Factor Buy Rate
60 mo/15k mi – Residual Value 37% of MSRP – .00253 Money Factor Buy Rate
24 mo/12k mi – Residual Value 71% of MSRP – .00214 Money Factor Buy Rate
36 mo/12k mi – Residual Value 61% of MSRP – .00212 Money Factor Buy Rate
48 mo/12k mi – Residual Value 48% of MSRP – .00240 Money Factor Buy Rate
60 mo/12k mi – Residual Value 39% of MSRP – .00253 Money Factor Buy Rate
2007 Infiniti G35 4dr Sedan / Instantly Compare Lease Payments HERE (1)
24 mo/15k mi – Residual Value 68% of MSRP – .00186 Money Factor Buy Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00196 Money Factor Buy Rate
48 mo/15k mi – Residual Value 46% of MSRP – .00238 Money Factor Buy Rate
60 mo/15k mi – Residual Value 38% of MSRP – .00259 Money Factor Buy Rate
24 mo/12k mi – Residual Value 69% of MSRP – .00186 Money Factor Buy Rate
36 mo/12k mi – Residual Value 58% of MSRP – .00196 Money Factor Buy Rate
48 mo/12k mi – Residual Value 47% of MSRP – .00238 Money Factor Buy Rate
60 mo/12k mi – Residual Value 40% of MSRP – .00259 Money Factor Buy Rate
2007 Infiniti G35 4dr Sedan Sport / Instantly Compare Lease Payments HERE (1)
24 mo/15k mi – Residual Value 66% of MSRP – .00216 Money Factor Buy Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00193 Money Factor Buy Rate
48 mo/15k mi – Residual Value 43% of MSRP – .00245 Money Factor Buy Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00257 Money Factor Buy Rate
24 mo/12k mi – Residual Value 67% of MSRP – .00216 Money Factor Buy Rate
36 mo/12k mi – Residual Value 57% of MSRP – .00193 Money Factor Buy Rate
48 mo/12k mi – Residual Value 44% of MSRP – .00245 Money Factor Buy Rate
60 mo/12k mi – Residual Value 38% of MSRP – .00257 Money Factor Buy Rate
2007 Infiniti G35 4dr Sedan X / Instantly Compare Lease Payments HERE (1)
24 mo/15k mi – Residual Value 68% of MSRP – .00197 Money Factor Buy Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00211 Money Factor Buy Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00239 Money Factor Buy Rate
60 mo/15k mi – Residual Value 38% of MSRP – .00259 Money Factor Buy Rate
24 mo/12k mi – Residual Value 69% of MSRP – .00197 Money Factor Buy Rate
36 mo/12k mi – Residual Value 58% of MSRP – .00211 Money Factor Buy Rate
48 mo/12k mi – Residual Value 45% of MSRP – .00239 Money Factor Buy Rate
60 mo/12k mi – Residual Value 40% of MSRP – .00259 Money Factor Buy Rate
Use the following formula to calculate a lease payment:
(Capitalized Cost – Residual Value) / Term = Monthly Depreciation
(Capitalized Cost + Residual Value) X Money Factor = Monthly Interest
Monthly Depreciation + Monthly Interest = Base Monthly Payment
I plugged your numbers into my list with 500 over invoice which is actually 34388 (including dest. fee of 700). I then added in the acq. fee of 595 and your 1k cap reduction payment. With the residual and MF you quoted and their monthly payment, it means that there is about 1215 bucks OVER the supposedly 500 over invoice price. You should get an exact breakdown of each fee and dealer add on that is in there. I still don't think they should be charging you that extra 600 dollar bank fee. I think they are just adding the fee so you think you are getting it for 500 over invoice when in reality it's more like 1k over...which isn't bad, but they should call it exactly what it is.
Here is what your lease could look like if you were to say pay your acq. fee and doc fees up front. Again, this is assuming the same fees as in CA and FL might be different..you have to ask for the specifics. At 500 over invoice (34388.00), 54% residual, .0024 MF and 42 months, and paying the acq. fee, doc fee, registration, AND 1st month payment up front (approx 1500), I get a payment of 508.00/ month. Anyway, I hope that helps a bit. If you get the exact breakdown of fees it will make it easier to get exact numbers for you. My spreadsheet is dead on as I just completed my lease and my numbers matched theirs exactly when I had the right figures to plug in. Good luck!!
Could you please comment on my deal with my new information? Also, from where did you get the information that you listed regarding the Money Factor and Residual. I would love to be able to refer to the source during my negotiating.
Thank you again for your time and extremely helpful information. I truly appreciate it.
Eric
They can argue all they want, but if they say they are giving you the true IFS buy rate with no mark up than the numbers I listed are acurate. Also, the 600 bucks of fluff is just that. It seems that all dealers have about 200.00 in add ons whether it's for a VTR fee like window etching or for wheel locks, etc. You probably won't get that down. As for the doc fee, I know in CA it's regulated to 45 bucks, but when I talked to someone in Nevada they aren't regulated and were charging 399 for it. However, when I pushed them, they couldn't drop the doc fee, miraculously were able to drop the actual price of the car by 350 bucks....go figure
The MF is still .0024 and residual still 54%. Sticker was $36900 but they also added an aftermarket Wood Package (Sport Model) which is listed as an additional $1000 (call it $37900 now). They did this after we first ran numbers and agreed to the price the first time around so they ate it, sort of.
I feel this is a pretty good deal, while not the best it's good enough and it's the car we want.
Thanks for everyones input and assistance here, I promise to come back and post more regarding my overall experience of the car and buying process so others can benefit as all of us have.
If you have time to respond, do you see anywhere I can push them for a better deal?
Thank you again.
Eric
I think that the trade may be undervalued a bit. The manager told me that the car, with body repair, is worth $20,500 because they will be $21,500 to $22,000 into the car after getting it ready for sale. I do not totally buy this argument although I have not truly explored the re-sale market. I pushed here and was told that above $20,500, the dealer was not interested.
It looks like the residual value has some room (the 57 instead of 56%). Outside of that, I think it is a reasonable deal. I truly appreciate your taking time to counsel me on the deal. I will let you know what happens. If you have any final pearls of wisdom, I am open to hearing them.
Eric
Thank you,
Eric
definitely loving it...
Just hit the 1k point today.
">
Eric
RobertFitzgibbons.com
Model: Infinity G35 6-speed
Color: Liquid Platinum
Options: Premium Package (no NAV)
Mudguards
Cargo Net
Sirius Satellite Radio
Lease/Milage: 15K miles per year/36 month lease
Total Due at Signing: $2886.28
Monthly Payment: $550 per month even payment
for an example...that car with just 1k off MSRP and only about 1600 due at signing to cover Acquision fee, registration, 1st month, and doc fees would make your payment around 560/month including tax.
i am trying to buy a car. this is my first car, so please help me out. i have some cars in mind
2007 infiniti g35 sport automatic fully loaded,
2007 acura tl-s type fully loaded
2007 maxima sl fully loaded
2007 lexus ES 350 fully loaded
please let me know which car do you suggest and also please let me know what is the best price for these cars, inorder to negotiate with the dealer.
thank you
jpkreddy
As far as the list goes, my personal preference would be the G35. Carsdirect is giving me a price of only about $800 under sticker on the car. I'd go to the dealer with the intentions of paying invoice and let them work you up from there.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
i am not new to cars.. just this is my first new car.. i changed 2 used cars.. when i was a student. so i am now looking for the best new car.. so please let me know what will be the best bargain price for 07 g35 sport fully loaded with premium pkg, nav etc..
any help is appreciated.
2007 g35X awd
$0 out of pocket (just sign and drive)
39 month lease
$549/month
msrp $36,850
total payments/residual $21,411/$21,373
intelligent key, sunroof, heated seats, dual climate control, automatic, 6 cd, leather, alloy wheels, full power etc..
also need to know months and miles.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Thanks!
Just came across the site, thanks for all you do. We're from Colorado and looking at leasing a new 07 G35x with everything except the cargo net, so $40,590 MSRP all in, $37,029 invoice.
We have a $5,000.00 trade (conservative estimate), and we are thinking about putting an additional $1,500.00 down for a 39 month lease.
I suppose the question is, what is a good range for monthly payments given the numbers above? Also, we're thinking of using a well-known broker in town instead of going through the dealership- any thoughts?
Thanks in advance for any replies.
Thanks!
Tony
I hear a lot of buyers are confused on buying and leasing decisions. So I thought I could help out some buyers whom are in market to buy Infiniti Models.
Here are some constructive buying Tips:
If you enjoy driving a new car every two or three years?
If you want lower monthly payments?
If you like the latest new features..always under warranty?
If you don't like selling cars on your own?
The answer is .....LEASING!!!
If you don't mind higher payment?
If you the idea of ownership?
If you don't mind...cost of repairs after warranty expires?
If you like to customize your car?
If you like keeping cars for long term?
Then the asnwer is...BUYING!!!!
I hope these buying TIPS can facilitate your buying decison.
Regards,
Car_man
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