looking to lease a g37, some lease questions

[Fenvy]

2009 Infiniti G37 Coupe Sport 6MT Base msrp 37000premium 3200navi 2200total msrp 42400

cap cost 38500acquisition 595destination and handling 865adjusted cap cost (I think) 39960Residual 59%money factor .00161lease term 39mo

What can I do to make this number go down some more? or is this already a good deal?

[PapaSmurf2k3]

Haggle?

Tell the dealer what you want to pay and ask if that is possible.

[LEMHEAD16]

Ask them to make the money factor better or to see what the proof of the lease end value.

Those are really the only things that can make a lease better.

don't forget that you can still negotiate the lease value. Many people think that that is a set price, but actually it is just like the sale price of a vehicle.

Good luck!

[s0m3th1ngAZ]

Why are you leasing?

[lino]

Try to knock approximately $75 off whatever they say the monthly payment is Do that and you're good. Some ways to reduce the payment:

- Negotiate strong/smart- Consider a demo model- Opt for a less equipped model- Mention that you are considering another car from another manufacturer so they don't think you are desperate or really want the car- Have them waive paperwork fees- Check for rebates (Grad rebates etc...)- Check all promotions going on and get them to match

[lino]

don't forget that you can still negotiate the lease value. Many people think that that is a set price, but actually it is just like the sale price of a vehicle.

Good luck!

Exactly.

btw I love the color of your car. What is the name of your paint code?

[Fenvy]

oh, so 38500 is not a good price? to be honest, I am not sure what I am dealing with that's why I kinda want you guys' advices

[Joe]

you want to rent a car for 3 years?

[Fenvy]

why is everyone against leasing?

I am just curious. I read finance vs lease and it seems like lease suits me more.

I had originally wanted 335i but I just can't do it due to credit issue. with g37 I can get a tier 1 financing.

another thing to consider is that I own a business. I haven't really looked into tax deduction though
Modified by Fenvy at 5:31 PM 11/16/2009

[Joe]

the only advantage you get is its somewhat of a tax write off

other than that, you get NOTHING. theres no equity in a leased car. ive owned my titan for 4 years, bought it new. guess what, i can sell it and pocket money.

you are paying hundreds of dollars a month for nothing.

im heavily against leasing.

[LEMHEAD16]

There is a tax write off for business owners, it is not significant but it can help.

Lease VS buy all has to do with how you value your car.

Some people want to drive a brand new car every 2-3 years and you will rarely pay down a vehicle enough in 2-3 years to break even on a sale (thanks depreciation), for these people leases are ideal.

Some people want to know that in 4-5 years they will own a hunk a metal in the driveway. If you regularly maintain your vehicles and are comfortable driving a car that is 5-10-15 years old than a purchase makes sense.

Both make sense for me. I own two older vehicles but lease a car for my wife. She always wants the latest, greatest vehicle on the road. Fine with me, but I prefer to drive older vehicles that I can "Play" with.

To call leasing a vehicle a "bad idea" is ignorant. There are positives and negatives to both deals.

At the end of my Frontiers lease I walked away owing nothing. If I had purchased the truck new I would have still been in the hole by several thousand because trucks depreciated so much in 2008.

[LEMHEAD16]

After looking at your numbers FENVY. I hope you make a good living if your going to jump on that deal. based on those numbers your looking at around $575-$650 a month on a lease.

Unless your pulling in $2500+/month I would pass. I don't want to know your finances but that's a chunk of change for some wheels

Don't forget you can always put money down to lower your monthly lease payment

[Fenvy]

thanks lemhead16

I make about 60k and the latest deal I got is the following

1500 drive off

452 monthly AFTER tax for 39 months

[LEMHEAD16]

I would.