Infiniti G37 Lease Questions

gatorfan711 · July 2014

To Kyfdx and Michaell: Again thank you both for all of your information.. I went into my local dealer and they quoted me for 39 months with 15k/yr a residual of 52%. I always thought 39 months was only 1% less than 36 months? Am I crazy?

kyfdx · July 2014

@gatorfan711 said:
To Kyfdx and Michaell: Again thank you both for all of your information.. I went into my local dealer and they quoted me for 39 months with 15k/yr a residual of 52%. I always thought 39 months was only 1% less than 36 months? Am I crazy?

39mo, 15K is 52%... while, 36mo, 15K is 53%...

So, currently the difference is 1%, but that doesn't mean it always has been, or always will be.

heischjr · July 2014

Hey guys,
I just got a quote from my local dealer on the base G37x and it seems a little high and I wanted to know your opinion. Here are the numbers for a 39 month lease with 0 down and 12k miles per year:
MSRP - $37,755
Sale Price - $33,000
Residual - 54%
MF - .00005
Payment including 6.75% sales tax - $376/mo.

According to my calculations, it should be around $360. What do you think?

Michaell · July 2014

@heischjr said:
Hey guys,
I just got a quote from my local dealer on the base G37x and it seems a little high and I wanted to know your opinion. Here are the numbers for a 39 month lease with 0 down and 12k miles per year:
MSRP - $37,755
Sale Price - $33,000
Residual - 54%
MF - .00005
Payment including 6.75% sales tax - $376/mo.

According to my calculations, it should be around $360. What do you think?

I'm getting $326.06 before tax and $348.07 after 6.75% tax. You sure this is 39 months? If I change the lease term to 36 months, I get $376.84 after tax.

heischjr · July 2014

@Michaell said:
I'm getting $326.06 before tax and $348.07 after 6.75% tax. You sure this is 39 months? If I change the lease term to 36 months, I get $376.84 after tax.

They quoted me 39 months with 0 down, so actually 38 payments. I thought it seemed pretty high.

Michaell · July 2014

@heischjr said:
They quoted me 39 months with 0 down, so actually 38 payments. I thought it seemed pretty high.

Looks like they may have used the wrong numbers in their calculations....

heischjr · July 2014

@Michaell said:
Looks like they may have used the wrong numbers in their calculations....

I just got a quote with the other dealership in town and they brought the selling price down to $32,589 and the monthly payment with $0 down and 38 payments after was $368. They didn't seem to want to budge from that number either.

gatorfan711 · July 2014

null
I must have read the earlier posts wrong. I thought the RV was higher than 52-53% on the g37 with 15k. I thought I had read 61% for 12k

gatorfan711 · July 2014

Sorry my last post was in regards to either a 36 or 39 month lease. I thought I saw above the mf was 0.00021 and 62/61% for 10k or 12k miles on 36 months.

Michaell · July 2014

@gatorfan711 said:
Sorry my last post was in regards to either a 36 or 39 month lease. I thought I saw above the mf was 0.00021 and 62/61% for 10k or 12k miles on 36 months.

Just double checked ... 53% for 36/15 and 52% for 39/15. MF is .00021 for RWD and .00005 for AWD

gatorfan711 · July 2014

@Michaell said:
Just double checked ... 53% for 36/15 and 52% for 39/15. MF is .00021 for RWD and .00005 for AWD

Thanks again for all your help!

valeyard · July 2014

Are coupe and sedan numbers any different? I was looking at the Q50 Hybrid, but the dealer I'm talking to sold out of them. They have a ton of coupes still in inventory, and I might be able to score a deal on one of those. My G37 sedan lease is over in August.
If the coupe numbers are different, I'm interested MF and res. for whatever term is currently the sweet spot (39 months?) at 12k miles per year.

kyfdx · July 2014

@valeyard said:
Are coupe and sedan numbers any different? I was looking at the Q50 Hybrid, but the dealer I'm talking to sold out of them. They have a ton of coupes still in inventory, and I might be able to score a deal on one of those. My G37 sedan lease is over in August.
If the coupe numbers are different, I'm interested MF and res. for whatever term is currently the sweet spot (39 months?) at 12k miles per year.

2014 Q60 Journey RWD Coupe: .00016 MF and 55% residual for 39mo, 12K/yr.

oxford9 · July 2014

I thought I saw conflicting answers, so I need to ask, what is the MF and residual for a 2013 M37 AWD, for 24/36/39 all at 15k/yr?

Michaell · July 2014

@oxford9 said:
I thought I saw conflicting answers, so I need to ask, what is the MF and residual for a 2013 M37 AWD, for 24/36/39 all at 15k/yr?

M37? Want to confirm, as this is the G37 forum.

gatorfan711 · July 2014

When did these residuals drop from low 60s to low 50s?

kyfdx · July 2014

@gatorfan711 said:
When did these residuals drop from low 60s to low 50s?

July 4th

5aum1 · July 2014

Hello, can you please give me the residual value and money factor on a G37 with premium package (no navigation) with a lease term of 39 months and 12k miles/year.

kyfdx · July 2014

@5aum1 said:
Hello, can you please give me the residual value and money factor on a G37 with premium package (no navigation) with a lease term of 39 months and 12k miles/year.

.00016 MF and 54% residual for all RWD trim levels.

loud0g40oz · August 2014

MF and residual for g37 24/15 and 36/15 please?

Michaell · August 2014

@loud0g40oz said:
MF and residual for g37 24/15 and 36/15 please?

RWD - .00016 and 58% or 53%

AWD - .00005 and 59% or 53%

loud0g40oz · August 2014

Thanks. Looks like i'm 6 weeks too late to take advantage of an outstanding deal (68% residual on 24/15 to current 58%). Now the residual is more in line with a current model car, so it makes leasing a soon to be 2 model year old car much less attractive. The 10% decrease in residual value takes the all in payment from $316/mo to $489/mo with 0 down...ouch!

Justin K · August 2014

New to leasing and was given a quote and wanted to know if it is accurate and a good deal

O down
2013 G37 Sedan with Premium & Navigation

MSRP = 38,685.00

Initial cap = 34,860.62

36 mo lease = 421.38 / mo

MF = .00016

Residual = 55%

39 mo lease = 399.78 / mo

MF = .00016

Residual = 54%

Michaell · August 2014

@ikeeprunnin said:
New to leasing and was given a quote and wanted to know if it is accurate and a good deal

O down
2013 G37 Sedan with Premium & Navigation

MSRP = 38,685.00

Initial cap = 34,860.62

36 mo lease = 421.38 / mo

MF = .00016

Residual = 55%

39 mo lease = 399.78 / mo

MF = .00016

Residual = 54%

Base MF is being used in both cases, so that is good. Only way to get a lower payment is to negotiate a lower selling price. Each $1000 off will result in a $28/mo savings for 36 months, and $26/mo savings for 39 months.

kencpo · August 2014

I would appreciate any pricing info for the g37x with nav and premium packages. There seems to be some leasing incentives but I couldn't figure out what the dealer contribution and leasing incentives would reduce the price to . Also please furnish Mf and residual for 39 mos and 10k miles
Thanks in advance

kyfdx · August 2014

@kencpo said:
I would appreciate any pricing info for the g37x with nav and premium packages. There seems to be some leasing incentives but I couldn't figure out what the dealer contribution and leasing incentives would reduce the price to . Also please furnish Mf and residual for 39 mos and 10k miles
Thanks in advance

.00005 MF and 55% residual

kencpo · August 2014

Thanks for the info. Does any one know the current cash and dealer incentives for leasing?

Michaell · August 2014

@kencpo said:
Thanks for the info. Does any one know the current cash and dealer incentives for leasing?

Use the car research button at the top of the screen to get current Infiniti incentives.

joshandcam · August 2014

Hi, can someone provide the MF and residual for a G37x with premium and nav - 15k/39 months. thanks in advance!

Michaell · August 2014

@joshandcam said:
Hi, can someone provide the MF and residual for a G37x with premium and nav - 15k/39 months. thanks in advance!

52% and .00005

aw9018 · September 2014

Hi car man. Do you have the latest numbers for 2014 Infiniti Q50 15K 36-39 mo lease?

Michaell · September 2014

@aw9018 said:
Hi car man. Do you have the latest numbers for 2014 Infiniti Q50 15K 36-39 mo lease?

RWD or AWD?

aw9018 · September 2014

Sorry did not mention. Looking for AWD.

aw9018 · September 2014

AWD

kyfdx · September 2014

@aw9018 said:
Hi car man. Do you have the latest numbers for 2014 Infiniti Q50 15K 36-39 mo lease?
@aw9018 said:
AWD

.00015 MF and 52% residual for 39 months for either Premium or Sport model.

heischjr · September 2014

I'm currently in a Nissan lease which is up at the end of this month and I'm going to get either a G37 or a Q50.

I've had one dealership tell me there is lease loyalty for having a Nissan as well as my $395 disposition fee will be waived with a $500 damage waiver. I mentioned this to the other dealer and they told me that isn't true.

Can anyone tell me if this is true or not?

Michaell · September 2014

heischjr said:
I'm currently in a Nissan lease which is up at the end of this month and I'm going to get either a G37 or a Q50.

I've had one dealership tell me there is lease loyalty for having a Nissan as well as my $395 disposition fee will be waived with a $500 damage waiver. I mentioned this to the other dealer and they told me that isn't true.

Can anyone tell me if this is true or not?

Use the "Car Research" tab at the top of the page to find the current incentives available.

I can't confirm or deny the waiving of the disposition fee and damage waiver. You'll have to run the numbers from each dealer to see which one is offering the better deal overall.

SarahLaMantia · September 2014

Hi there - looking for #'s for the 2013 G37x AWD with Prem and Nav
- 36 and 39 months please, 10K per year

Michaell · September 2014

SarahLaMantia said:
Hi there - looking for #'s for the 2013 G37x AWD with Prem and Nav
- 36 and 39 months please, 10K per year

36/10 - 56% and .00005

Subtract 1% for 39 months

SarahLaMantia · September 2014

Thanks Michaell - in my opinion not really a great deal, especially considering the car is a 2013 and the 2015 q50's lease for just slightly higher. Thank you for helping!!!!

forgettaboutit · September 2014

So I'm just starting to wrap my head around all of this lease stuff. I'm in the market for a Q60 (sorry if this isn't the appropriate forum. I couldn't find one related to the Q60) and I'm wondering how the monthly payments in this lease offer for a Q60 AWD 39/10k with premium package end up being as high as they are, based on some of the MF's I'm seeing here.

According to my calculations (using multiple lease calculators of course) it seems as if they're calculating their rates based on an extremely high MF or APR (which is the only number I do not know). Can you correct me if I'm wrong?

MSRP: $46,755
Cap Cost: $36,846 (incl. $700 acq. fee)
Residual: $25,248 or 54%
Down Payment: $4,399 ($4100 plus first months payment)
Monthly Payment: $299

In order to get to that $299 monthly payment (excluding tags, tax etc.) I have to include an APR percentage of 5%. Which seems extremely high, unless I'm looking at this incorrectly...
If I calculate all of this using some of the MFs I've been reading on this forum (.00016 for instance) I get a MUCH lower monthly payment.

Am I doing something wrong here or does this deal seem to be including a very high interest rate?

forgettaboutit · September 2014

I think I may have answered my own question. Basically this offer includes a huge cap cost reduction/dealer discount, but with a high APR. If I were to build this vehicle without using the offer, the payments are obviously much higher, since there is no cap reduction and monthly payments are calculated using a much lower APR/MF. Pretty much inline with the rates I'm seeing here. Does this all sound accurate??

kyfdx · September 2014

The financing isn't anywhere near 5%. It's almost impossible to impute a finance charge without using the money factor and the lease formula.

Just ask the dealer what money factor they are using.

ashn888 · September 2014

good afternoon, would you please tell me what the current MF and residual are for a 2013 G37x Premium and Nav for 39 month/15k mi? thanks!

Michaell · September 2014

ashn888 said:
good afternoon, would you please tell me what the current MF and residual are for a 2013 G37x Premium and Nav for 39 month/15k mi? thanks!

Answered in the other thread you posted in.

pfcreltne · September 2014

I received a quote from a dealership near Seattle for a 2013 G37x Premium, Nav, kindly let me know what you think:

Model: 2013 G37x Premium, Nav packages
MSRP: $40,285
Residual/Amt: 55% $22,156.75
Term: 39
MF: 0.00009
Sale price: $35,702.00
Acquisition: $700
Upfront fees: $500 ($350 license and $150 doc fee)
Cap cost reduction: $0
Adj. Cap Cost: $36,402
Payment: $406.84
Out the door: $906

In addition to these terms, they're telling me they'd cover the remaining $1,200 or so of lease payments on my current BMW lease. The MF might be marked up slightly but it doesn't materially affect the monthly payments, and buying out the lease is attractive. Thanks!

Michaell · September 2014

pfcreltne said:
I received a quote from a dealership near Seattle for a 2013 G37x Premium, Nav, kindly let me know what you think:

Model: 2013 G37x Premium, Nav packages
MSRP: $40,285
Residual/Amt: 55% $22,156.75
Term: 39
MF: 0.00009
Sale price: $35,702.00
Acquisition: $700
Upfront fees: $500 ($350 license and $150 doc fee)
Cap cost reduction: $0
Adj. Cap Cost: $36,402
Payment: $406.84
Out the door: $906

In addition to these terms, they're telling me they'd cover the remaining $1,200 or so of lease payments on my current BMW lease. The MF might be marked up slightly but it doesn't materially affect the monthly payments, and buying out the lease is attractive. Thanks!

To get to the $406.84/mo payment with what you've provided, I've got a 9.8% tax rate - is that about right?

How is the BMW being handled? Are they giving you a check for the remaining payments, or are you trading it in? If trading in, you want to make sure that you aren't getting shorted on the trade value - there may be more than $1200 equity.

pfcreltne · September 2014

Michaell said:

pfcreltne said:
I received a quote from a dealership near Seattle for a 2013 G37x Premium, Nav, kindly let me know what you think:

Model: 2013 G37x Premium, Nav packages
MSRP: $40,285
Residual/Amt: 55% $22,156.75
Term: 39
MF: 0.00009
Sale price: $35,702.00
Acquisition: $700
Upfront fees: $500 ($350 license and $150 doc fee)
Cap cost reduction: $0
Adj. Cap Cost: $36,402
Payment: $406.84
Out the door: $906

In addition to these terms, they're telling me they'd cover the remaining $1,200 or so of lease payments on my current BMW lease. The MF might be marked up slightly but it doesn't materially affect the monthly payments, and buying out the lease is attractive. Thanks!
To get to the $406.84/mo payment with what you've provided, I've got a 9.8% tax rate - is that about right?

How is the BMW being handled? Are they giving you a check for the remaining payments, or are you trading it in? If trading in, you want to make sure that you aren't getting shorted on the trade value - there may be more than $1200 equity.

Good questions, thank you. The applicable sales tax is 9.5%, and there is an extra 0.3% vehicle sales tax on top, so 9.8% is correct. At least we don't have income tax (yet).

I definitely need to nail down the details on the BMW. They're not giving me a check. I have max security deposits and have to ensure that I get them back, and that I'm not responsible for any deficiencies if they are going to wholesale it. Based on what I can tell, trade-in values are a few thousand less than my residual (which is high, the downside to BMW's low monthly lease payments is a high residual at end of lease) so I doubt I have equity.

Michaell · September 2014

pfcreltne said:

Michaell said:

pfcreltne said:
I received a quote from a dealership near Seattle for a 2013 G37x Premium, Nav, kindly let me know what you think:

Model: 2013 G37x Premium, Nav packages
MSRP: $40,285
Residual/Amt: 55% $22,156.75
Term: 39
MF: 0.00009
Sale price: $35,702.00
Acquisition: $700
Upfront fees: $500 ($350 license and $150 doc fee)
Cap cost reduction: $0
Adj. Cap Cost: $36,402
Payment: $406.84
Out the door: $906

In addition to these terms, they're telling me they'd cover the remaining $1,200 or so of lease payments on my current BMW lease. The MF might be marked up slightly but it doesn't materially affect the monthly payments, and buying out the lease is attractive. Thanks!
To get to the $406.84/mo payment with what you've provided, I've got a 9.8% tax rate - is that about right?

How is the BMW being handled? Are they giving you a check for the remaining payments, or are you trading it in? If trading in, you want to make sure that you aren't getting shorted on the trade value - there may be more than $1200 equity.
Good questions, thank you. The applicable sales tax is 9.5%, and there is an extra 0.3% vehicle sales tax on top, so 9.8% is correct. At least we don't have income tax (yet).

I definitely need to nail down the details on the BMW. They're not giving me a check. I have max security deposits and have to ensure that I get them back, and that I'm not responsible for any deficiencies if they are going to wholesale it. Based on what I can tell, trade-in values are a few thousand less than my residual (which is high, the downside to BMW's low monthly lease payments is a high residual at end of lease) so I doubt I have equity.

So, the $1200 that the dealership is using to 'cover' the last three payments has to go somewhere - is that reflected in the net cap cost?

pfcreltne · September 2014

Michaell said:

pfcreltne said:

Michaell said:

pfcreltne said:
I received a quote from a dealership near Seattle for a 2013 G37x Premium, Nav, kindly let me know what you think:

Model: 2013 G37x Premium, Nav packages
MSRP: $40,285
Residual/Amt: 55% $22,156.75
Term: 39
MF: 0.00009
Sale price: $35,702.00
Acquisition: $700
Upfront fees: $500 ($350 license and $150 doc fee)
Cap cost reduction: $0
Adj. Cap Cost: $36,402
Payment: $406.84
Out the door: $906

In addition to these terms, they're telling me they'd cover the remaining $1,200 or so of lease payments on my current BMW lease. The MF might be marked up slightly but it doesn't materially affect the monthly payments, and buying out the lease is attractive. Thanks!
To get to the $406.84/mo payment with what you've provided, I've got a 9.8% tax rate - is that about right?

How is the BMW being handled? Are they giving you a check for the remaining payments, or are you trading it in? If trading in, you want to make sure that you aren't getting shorted on the trade value - there may be more than $1200 equity.
Good questions, thank you. The applicable sales tax is 9.5%, and there is an extra 0.3% vehicle sales tax on top, so 9.8% is correct. At least we don't have income tax (yet).

I definitely need to nail down the details on the BMW. They're not giving me a check. I have max security deposits and have to ensure that I get them back, and that I'm not responsible for any deficiencies if they are going to wholesale it. Based on what I can tell, trade-in values are a few thousand less than my residual (which is high, the downside to BMW's low monthly lease payments is a high residual at end of lease) so I doubt I have equity.
So, the $1200 that the dealership is using to 'cover' the last three payments has to go somewhere - is that reflected in the net cap cost?

Michaell, the $1200 is not added to the numbers I quoted. I guess maybe they'd go even lower on the sale price without it, but I don't know that for sure. Invoice according to the Edmunds numbers is $37,745, so the negotiated sale price is already $2k below invoice. Contrary to what I was expecting, the dealership is actually going to give me a check at signing, and I turn in the BMW myself.

Infiniti G37 Lease Questions

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