Anybody know why the lease program with Infiniti is sooooooo horrible right now?

[alik]

Im trying to get a deal on an 07 or 08 Sport with Nav, tech and prem. package.

I had an awesome lease, until my car was stolen from the dealership.I was paying $500/monthly on a 36 month lease, 15k miles a year, on a 07 G35S with nav, tech, premium.

Right now, im getting quotes for like $560 and up.WTF?

Its crazy.

Do you think that towards the end of the year, the programs might change?

[zozoka1212]

Hey,

So try to get back to the business. I assume you already asked your dealership why not the same deal what you had before. It was their fault at the first time.

I am really stupid with financial things(it is weird because I love math). I am working on the improvements. So I really can't help. I don't borrow money and never leased in my life. But I think it has something to do with US$ doing pretty bad. Dropped so much against the competitors. Just a guess( not even educated guess). Have you tried other Infiniti dealer maybe internet offers?

Maybe somebody else have a better idea.

How did you end up with the deal on the "old" one? Did they help you out with all the thing you had in your car? If I recall good you had couple of grands worth of stuff in your car.

zozo

[soul_hfk]

hey zozo i stop to see if any G35x sports came in nope they said its going to be a late release

[zozoka1212]

Yeah I did the same yesterday. They were laughing and asked if I want to change my car already. I told them 4 weeks and it will be a year old car. Anyways they said the same thing.

I want to see it so badly. They told me they'll give me a call and I can drive it. wooohoooo.

zozo

[alik]

The deaslership wher emy car was stolen are bunch of F***** a$$****.They are not giving me the same deal since those dont exist anymore.Im not done with them. Im still going to press charges. Its been two months, and my car is still not paid off. Can you imagine this crap?It's probably going to take another two to three weeks for my lease to be paid off.

I know the rates are up right now, and the dollar is down. But I don’t see any bad changes in Lexus, BWM etc…. Only with Infiniti.

I dont know, ill give it couple of months, we will see what happens

[alik]

sorry i missed the last paragraph.

Well here is the thing:Im getting money back for taxes and fees that I paid when I leased the car. Which already is more $$$ than what I put out of my pocket when I leased.Also, I am supposed to get another $3k from Infiniti for the difference in my pay off and the actual Value of the car. I spoke to their insurance agent last night. She is sending me a form to feel out with the things that were in my car. It looks like they will pay me money on most of the stuff.

So if all goes just like it supposed to go, I will make about $4-5k on this deal (well, it still gave me a lot of problems and headache)

[Rex]

You may want to drop a thread like this in NICO's Car Buying Advice, Financing, Warranty & Insurance sub forum.

Good luck

[etschell]

that sucks. honestly though id never lease, its throwing away money.

[Rooster Cogburn]

that sucks. honestly though id never lease, its throwing away money.

how is it throwing away money? u are paying for the portion of the car you use, plus u dont have to pay a big downpayment and your monthlys are much cheaper?

[etschell]

how is it throwing away money? u are paying for the portion of the car you use, plus u dont have to pay a big downpayment and your monthlys are much cheaper?

at the end of the lease you have no car and youre out all that money - end of story. i.e. you have 0 equity in it. now if you decide to buy it youre a real sucker, cause they rip you on the depreciated cost of the vehicle.....

[atlanta2007G35S]

Well, buying the car at the end of the lease is a whole different thing than your original comment.

Let's ignore that irrelevant latter comment and focus on your former, leasing works if you have 1) the ability to claim for business expenses or 2) you are someone who changes cars every 3 years or so, or 3) all of the above, like someone such as myself.

Buying is better why? Put a bunch more money either up front or every month into a fast depreciating asset such as a car? No, thanks. All so I can own an old car 4,5, or 6 years from now potentially? No, thanks. Have you seen the market for used cars lately? It sucks if you are selling, too many cars out there. I'm more than happy to take a car back and let it be the dealers problem, pocket or invest the difference per month in payments and get a nice deduction on my vehicle expenses come tax time too.

Plus, when you buy you pay any taxes up front at the time of purchase. Leasing only has you pay month to month. Better for me, not so good for Uncle Sam, works for me.

If, however, you're one of those guys that either has a bunch of cash to dump into a car at the time of purchase (but why would you when you can invest that money and get a much better ROI???) or keeps your cars for 10 years ( borrrring! to get the much needed Homer Simpson quote in there), then yes buying is great.

But throwing money away? Hmm, I'll keep more of my cash in IRAs, 401k, CDs, etc, etc, where it will grow. In a car it will never grow, unless you're doing your car shopping at the Barrett Jackson auctions, that is.

Cheers!

[telcoman]

Im trying to get a deal on an 07 or 08 Sport with Nav, tech and prem. package.I had an awesome lease, until my car was stolen from the dealership.I was paying $500/monthly on a 36 month lease, 15k miles a year, on a 07 G35S with nav, tech, premium.

Right now, im getting quotes for like $560 and up.WTF?

Its crazy.

Do you think that towards the end of the year, the programs might change?

Alik:

Well I've read the comments of buying vs leasing and they are almost as controversial as which oil & gasoline to use & how often to change the oil?

The problem with leasing is that there are too many factors and variables going into a lease and it becomes very easy for the dealer to bamboosle the buyer?Not only are you dealing with currency fluctuations ie yen vs dollar but interest rate fluctuations, depreciation, time value of money etc.

IMHO I keep the transaction as simple as possible. Tell them you are paying cash and aim for the best price. If you can use a home equity loan & pay it off as soon as you can do that? What about the "Bank of Mom & Dad"? You can write off the interest on an equity loan on your taxes. Mom and dad you may be able to stiff? This is an excellent time of the year to begin shopping. I purchased my G35 on New Years Eve and purchased my last four vehicles new in the month of December. Christmas Eve and New Years Eve are the two best days of the year to purchase a new vehicle. Snowstorms are good times also.Good luck

Telcoman

[zozoka1212]

I am glad you'll get your money back. I certainly hope so you'll end up in a better deal. Please keep us posted.

Anybody leasing now with a better deal the 560/moonth? Please help a brother out.

Zozo

[G_whizz]

Zozo... when you are ready to move on to the next model Infiniti/Nissan... you make sure you let me know... I will hook you up... NICELY

[soul_hfk]

when i got my G i was going to lease it $499 a month but if i traded my grand prix in and $2k i would pay $606 mmmmmm ok ill buy it

[atlanta2007G35S]

Okay, that $560 month number, nothing is stated about how much was put down, if anything, to get there. zero down? $2500 down?

Not enough information to help.

[Kendahl]

etschell and Rooster Cogburn:

Whether it is better to lease or to buy depends on you and the deal. There are two extreme cases.

Leasing is better if your car expenses qualify as income tax deductions, you are in a high tax bracket, you will not keep the car past the end of the lease and you can get a good deal on the lease.

Buying is better if there is no tax deduction, you are in a low tax bracket, you plan to keep the car for at least a decade and you can get a good deal. Buying a one or two year old model is even better because the first owner ate the steepest depreciation.

Since I a semi-retired old fart who wants a car good enough to enjoy for another 20 plus years, I am paying cash for a new G37. However, if I could earn $100k per year as a self empoyed consultant and needed a new, upscale car for business, I would lease.

[zozoka1212]

Most likely end of next year or go into the year of 2009. It all depends I would love to get a new coupe but not without the AWD. They will come I think end of next year so I will be asking you for the contact. I know you have a good dealer in London( I think). I'll let you know that time.

Thanks

Zozo

[zozoka1212]

Last couple of times I bought the car cash/bank transfer. I never looked into the leasing as I stated before I am not good with financial things. I save up the money and buy something. How I see it is if you paid for it there is no hassle. Anything hapenes in your life(financially)loosing your job,etc no worry it is paid. With lease/or monthly pay there is a worry factor.

That's just me probably. I have to look into this thing. I change my car too often maybe better just lease and have the money in the bank in case of "emergency".

I have to find time and read all about this. Do the math. I'll do it before my next move.

zozo

[telcoman]

etschell and Rooster Cogburn:

Whether it is better to lease or to buy depends on you and the deal. There are two extreme cases.

Leasing is better if your car expenses qualify as income tax deductions, you are in a high tax bracket, you will not keep the car past the end of the lease and you can get a good deal on the lease.

Buying is better if there is no tax deduction, you are in a low tax bracket, you plan to keep the car for at least a decade and you can get a good deal. Buying a one or two year old model is even better because the first owner ate the steepest depreciation.

Since I a semi-retired old fart who wants a car good enough to enjoy for another 20 plus years, I am paying cash for a new G37. However, if I could earn $100k per year as a self empoyed consultant and needed a new, upscale car for business, I would lease.

And I thought I was the only old fart on this site?

Telcoman

[2 Coupes]

First point of advice: make sure you try to get a good deal on the maintenance package, my Girlfriend kinda got screwed after the rat bastard salesman told us that we would never have to pay for anything after the lease or the purchase of the car.

My GF and I decided to go and lease her 07 G35 coupe. After crunching some numbers, I found out that we would be paying 18k over 39 months with 12k miles per year (yes a weird lease period). After the lease is up we have the option of purchasing the car for 20k on the button. Here is the way I figure it. 18k over 39 months, then buying for 20K = $38K. 2K over sticker price. Well I just bought a car that is just off lease for $23k with 28k miles. So I am thinking that we could atleast sell the car for $23K (maybe more because she will never drive that many miles) leaving us $1K over what we leased it for. The selling of the three year old G will be hard to judge because we don't know how hard the demand curve will change becasue of the new G37.

Regards, Bryan

[Rooster Cogburn]

at the end of the lease you have no car and youre out all that money - end of story. i.e. you have 0 equity in it. now if you decide to buy it youre a real sucker, cause they rip you on the depreciated cost of the vehicle.....

hmmm, but at the end of my lease, i'm out far less money than a guy that purchased it, dont have to worry about selling it or nothing, just turn it in and get a new one. And no, I would never buy it at their price after the lease.

If u are gonna keep the car a long time, then its fine, but I'm not right now.

But if you bought it and want to to sell it, sometimes u will owe more than its worth.

Cars depreciate fast, most likely im going to lose alot of that equity anyways during that period.