Anyone lease a Infiniti G37 ?

[timothyn1967]

I am working on leasing a G37 Journey with an MSRP of about $44k. The leasing company is here in Dallas and is having to get a car from Oklahoma City due to lack of cars here and is saying that MSRP is what they are going for. In addition to this of course, they have to add in their fees, so even after paying TTL and fees up front they are quoting me like $730 month using a .00225 money factor.

Where are other people getting them for less than sticker?

[jabain]

Uh...I did everything wrong because I was on the verge of buying a 335i coupe from a really really a-hole-ish bmw dealership. So all it took for me to sign at infiniti was a nice person...literally...I got the g37, premium, sport package, nave package, tint...4k down, 660 a month. Money factor wasnt great but not terrible either....I was also hung over and in no mood to be an ******* to the first nice guy I met in 4 wks of trying to buy a 335i. So I leased it on the spot. Probably better deals out there though. BTW I am in Dallas and leased from Sewell of Dallas, they have plenty of the g37's on the lot right now.

[weslvmaG37]

Man. I think I got a good deal. I leased my G37 S 6MT lthis past saturday. I put down 3K for upfront taxes and I will be paying 579.00 a month. My sticker price was 43K Nav, Premium, Mats etc.... I'm in New Jersey so I guess my deal turn out to be great.

[timothyn1967]

Uh...I did everything wrong because I was on the verge of buying a 335i coupe from a really really a-hole-ish bmw dealership. So all it took for me to sign at infiniti was a nice person...literally...I got the g37, premium, sport package, nave package, tint...4k down, 660 a month. Money factor wasnt great but not terrible either....I was also hung over and in no mood to be an ******* to the first nice guy I met in 4 wks of trying to buy a 335i. So I leased it on the spot. Probably better deals out there though. BTW I am in Dallas and leased from Sewell of Dallas, they have plenty of the g37's on the lot right now.

Thanks for the response. When you say you put 4k down, do you mean as a real down payment (cap reduction), or that is how much you paid out of pocket? In other words, TT&L, first months payment.

I don't mind paying my fees up front, but I have no intention of putting any money towards lowering the price of the cap cost. So, I am assuming you paid MSRP?

[jabain]

that was total out of pocket...so it was probably a lot less down honestly...TT&L can be stiff in texas and it must be paid up front.

[timothyn1967]

that was total out of pocket...so it was probably a lot less down honestly...TT&L can be stiff in texas and it must be paid up front.

Do you know whether or not you paid MSRP or not? I am working with D&M Leasing and even they are getting quoted MSRP and say they normally go to Sewell last for that reason.

I am supposed to get 'preferred pricing' or whatever they call their version of the X Plan through my employer, so I would sure like to get SOME money off sticker just to defray other costs.

[jabain]

I paid pretty close to msrp...like a couple hundred bucks over 42k....I think if you spec the car on the website it puts you at a little over 43k. So there was a bit of a discount there and they tinted the car for free (300 bucks). I think where you are going to save your money here is the money factor...I wouldnt expect the car to get discounted too much with bmw 335i's being marked up over 5k above msrp in our market, and plenty of those shoppers more than willing to pay sticker for the g37 at a huge savings (im one of those guys btw). I would not suggest working with D&M, but that is a personal preference because they tried to eff me on a TL a few yrs ago....I got a much much much better deal than the guy from D&M was quoting me. But like I said before, I didnt exactly try to get a good deal on this car...no real haggling or anything, I am sure you can get a better one than me if you are willing to wait and put some effort in. Plus, dont be really hung over when you are buying it.

[timothyn1967]

Well, looks like it is a done deal, I am picking up my new G tomorrow about noon from Crest Infiniti. Obsidian black with graphite, nav, premium, sport, flaps and rear net. Getting it for a bit less than MSRP (not sure how much exactly) and a money factor of .00215. Should end up being about $691 a month which is a bit more than I wanted to spend but seems to be about right for this car.

[KingsDude]

Called a local dealer yesterday. I wanted one with Navigation and Premium. I know the price should've been 41,115 or something along those lines. He told me the MSRP was 38915, and quoted me on a lease for $2500 down, and $596/mo for 36 months. The money factor if I had good credit was .0021 and the residual, I think, was 62%. It will be interesting to see what the new lease's will be considering interest rates have dropped.

[BFreedman372]

I am getting a 6MT this weekend with nav and roof. I have $9500 in neg. equity from my 2007 Hummer that I am going to roll into the Infiniti by placing 4K down. Good ol' Washington State carries a 9.1% sales tax. I am looking at a 39month lease with $4K down and 10K a year for $763/mo but with tax - comes to $804.

[marsb007]

can we agree at this point that all monthly payments quoted will be W/OUT tax??? This way we dont have to ask each person where they live to try to figure out how much more they're paying in taxes?

BTW, in Florida, for a 44925 MSRP I'm paying 612 + taxes. I placed a 8000 Total out of pocket out of which 6750 is refundable.

[turbov5]

Here are the lease terms I just got in Annapolis, Maryland:

2008 G37 Journey/Premium Package/Navigation 5-AT39 months20K Miles per year$3,152 downTaxes, tags & title rolled into lease $655 per month

But I had to argue for about 45 minutes to get this price. It was also the last week of the month AND we were the last customers before the dealership closed for the night.

[dwynne]

There are many calculations that enter into a lease. Several years ago, I purchased online a software program called Leasewizard, which is basically a lease payment program very similar to what dealerships use. Cost me $34.95 for a lifetime subscription

I guess they do not offer the same package you purchased since the current software is still $34.95 and DOES include a lifetime of SOFTWARE updates - but I have many lease calculators so that really does not do any good. They now charge $7.50 per month for "Data extension" and $12 for 6 lease quotes for a single vehicle.

They DO say they have the IFS lease data, but they note:

"For confidentiality purposes, we cannot disclose the name of specific lenders from whom we have obtained quotes for your LLQ".

So for $35 you get the software and lifetime updates to it, but have to pay $12 per vehicle for the lease quotes after the first vehicle - and you might or might not get the IFS quotes and if you do you would not know which of the up to 6 is IFS - I don't think. Then you pay $7.50 per month to update the other data.

Unless I am missing something, the current stuff does not seem like nearly as good a deal as you got. You can usually find the buy rate IFS numbers on line (or simply ask the dealer if they are giving you the buy rate) then plug them into any lease calculator and you will be able to spot the rip off right away.

I would be interested in licensing something that did provide the IFS discounted rates free of charge with the program and keep them up to date - and might even be willing to pay for updates if they indicated these are the IFS rates.

Dennis

[KingsDude]

Just got off the phone... MSRP 41,175, trying to negotiate $1k off msrp. Infiniti's new lease plan is horrible, so I think I may go through US Bank.. What are the pros/cons of that? I can get the 21 money factor and it will come to $2500 down and $562.50 / month for 36 months with 12k miles with tax included for a G37 coupe w/ premium and nav. HELP!!!

[dwynne]

To get that MSRP this must be a G37 journey with nav, premium, and trunk net. BTW, the invoice is $37,595 so at full price they would make (at least) $3,580 and would still make $2,580 if you talk them down a grand.

To me, I would wait until the deals are better on price and the lease terms are better - because you are just going to pay too much.

The Sept coupe numbers are 62% and 0.00285 for 36/36k, I have not seen the IFS October numbers.

US Bank is "OK", I have had leases with them before. The downside is that the residual MAY be lower but the MF will be (in this case). You have to run the numbers and see which nets you a lower payment. You also will have to (likely) return your USB leased car to an auto auction and not to the leasing dealer as you would with IFS. If you decide to buy the car USB probably has a "purchase fee" of a few hundred and they also have a "turn in fee" that may be a few hundred as well - IFS leases probably do not have these fees so it will cost you extra at lease end.

In addition to the dealer, you can go through a lease broker/agent like

http://www.leasecompare.com

I have used them a few times. They buy the car at your price and lease it to you. You can get a free quote online at any time. The leases I had with them were via USB, but that can vary with who has the best deal. They may also have a dealer that they work with that could offer you a better price on the car - you would just have to ask and see.

Pluggin in $1k off of MSRP the Sept IFS nets out to $594.10 per month with you paying the first payment, security, bank fee, dealer fees, and TTL up front (payment does not include tax or any cap cost reduction). That goes to $624.73 if you pay full price.

If I use 0.00210 and 62% (the USB numbers you stated) I get $544.82 and $574.70 per month w/o tax.

Dennis

[KingsDude]

Just used that leasecompare.com site and the figures were extremely cheap with a .00254 money factor. Total out of pocket was $2539 with a purchase price of $40,115. Says monthly payment is $539, but I don't know if that includes tax or not? Seems really good if it was without tax, but I doubt it. Plus, I don't know how I feel about leasing from a 3rd party since they may charge backend fees that will bring it to the IFS prices anyways. Will they charge for every scratch and be really hard about it? Thanks

[Eticket]

....heres where I stand (hope I dont need to be seated..!)

vehicle $43,775term 39 monthsdown $6000(including all out the doorcosts & cap reduction)mileage 12,000residual $26,703monthly payment $574(including tax)

with IFS......

[dwynne]

The quotes on Leasecompare are without tax - just the payment. They can figure that in but the quotes are just for the car with the fees rolled in.

You might find IFS is a little more forgiving the USB for wear and tear damage but probably not by much. As to the end of lease charge, with the numbers you posted you would save $50 per month plus tax on the lease with a $1k discount. So the total savings over the 36 months would more than cover any fee or most anything else.

You need to get a lease calculator or find one online then always run the numbers for yourself. If I don't see where every penny goes then I don't sign. A lot of dealers will try to slip things into the lease because folks just focus on the payment and don't watch all the numbers. To get a good lease you first negotiate the price of the car down low (which you can't do right now) then you find the best lease rate in terms of low MF and high residual, then make sure the dealer is not hitting you with doc or prep fees or adding anything else to the deal, then sign and drive the new car.

Dennis

[dwynne]

....heres where I stand (hope I dont need to be seated..!)

vehicle $43,775term 39 monthsdown $6000(including all out the doorcosts & cap reduction)mileage 12,000residual $26,703monthly payment $574(including tax)

with IFS......

Never sink that much of your money into a lease. If the car is totalled or stolen your insurance will only pay off the lease bank and you will lose all your money. IFS is one captive lease bank that allows you to pay extra security deposits on a lease to lower the MF. So you would be a ton better off to pay extra deposits (I think they allow up to 7?) and get a lower MF and a lower payment. No matter how the lease ends - turn in, buy it, stolen, whatever, you will get your deposits back. No interest earned by you, but you do get them back.

You guys really need to get a sedan - same performance with more room and a whole lot less money. $4k less on a loaded car at MSRP and around $3.6k at invoice - plus you can deal way down low on a sedan.

Or just wait. If you have something decent to drive now just wait them out. In a few months sales will cool and prices will comes down as will the IFS money factors. Buying now and paying "full price" and way high rates just means the good deals will take longer to get here for the rest of us. If folks just put their feet down and said "I am not paying this silly price" then the good prices would soon follow.

Dennis

[Eticket]

Dennis...Thanks for the help and info you are providing..!

[dwynne]

I just notiiced that IFS has a $150 "purchase option fee" on their leases. I don't think they charge any turn in fee, however.

US Bank (and others) will likely charge both a turn in fee ($350, I now think) and a purchase option fee ($395 I am pretty sure). The bank fee may also be a couple of hundred more than the IFS fee.

These are things to consider - but given the silly high IFS rate you probably would come out ahead in any case to get a 3rd party lease.

Today they have up a "lease special" on the G37 on the Infiniti web page - if you work the numbers out you will see you are paying MSRP for the coupe and the high rate on this "special".

Dennis

[dwynne]

BTW, I got the lease numbers on the 08 G35 sedans for October and they are TERRIBLE. The residuals are low - as low or lower than left over 07 were last month or this past summer and the rates are high. On "sports" models it is the full 0.00285 IFS rate and drops to 0.00249 on the journey or base cars.

So the bottom line is that it would cost me $60-70 more per month to lease the loaded 6mt sedan that a dealer ordered for me that it would have cost to lease the same 07 car last month or in June when they ordered the car. Lucky for me I have no deposit and no obligation to take the car from him - I told them if the numbers were bad when the car arrive I would not take it and he agreed.

I guess I will tell them no and just watch the rates and when IFS starts having good deals get it if he still has it, or just try to find another one. I have other cars to drive so I am not going to overpay for this one.

BTW, the dealer said that nation-wide there are fewer than 20 days worth of 08 G's on the lots (I don't know if he meant sedans or sedans+coupes) so IFS has no incentive to have good lease deals at this time.

Dennis

[marc4427]

Hi Which place in NJ did u lease? Im from SI,NY and looked at Ray Catina in NJ. They wanted 600.00 3700 with taxes upfront or 1700 out of pocket and payment at 650. For 39 mo and 12k miles. It was not the sport model but it came with Navi /and Premium Pkg /Journey model. My credit is also high 800. Is that a good deal or can I get in cheaper? If not a good deal where did u get yours? Thanks. Ted

[Crysis6]

Im in the NY area, looking to lease prem/nav journey edition. I was just quoted 586 for taxes, title, dmv fees, and one month due up front. This is for a 39 month, 12k per year lease. I was also quoted something substantially lower from fleetrates.com, but i dont know if i trust them. Has anyone had any dealings with them in the past? And anyone know of any other dealerships in the NY area (Im in nassau) that have been starting to come down from MSRP??

[KingsDude]

Any new leases? Would like to see some more deals as the car has been out over a month or two now.

[dwynne]

They must still be selling well and in short supply, the October lease money factor is a whopping 0.00285 (6.84%) for the G37 coupe. The residuals are high, but the really high money factor means the lease is no bargain. A 3rd party lease is probably a better deal if you have to have a car now.

A smarter move is just to wait for sales to slow and prices and rates to come down.

Dennis

[cdmotor]

I guess they do not offer the same package you purchased since the current software is still $34.95 and DOES include a lifetime of SOFTWARE updates - but I have many lease calculators so that really does not do any good. They now charge $7.50 per month for "Data extension" and $12 for 6 lease quotes for a single vehicle.

They DO say they have the IFS lease data, but they note:

"For confidentiality purposes, we cannot disclose the name of specific lenders from whom we have obtained quotes for your LLQ".

So for $35 you get the software and lifetime updates to it, but have to pay $12 per vehicle for the lease quotes after the first vehicle - and you might or might not get the IFS quotes and if you do you would not know which of the up to 6 is IFS - I don't think. Then you pay $7.50 per month to update the other data.

Unless I am missing something, the current stuff does not seem like nearly as good a deal as you got. You can usually find the buy rate IFS numbers on line (or simply ask the dealer if they are giving you the buy rate) then plug them into any lease calculator and you will be able to spot the rip off right away.

I would be interested in licensing something that did provide the IFS discounted rates free of charge with the program and keep them up to date - and might even be willing to pay for updates if they indicated these are the IFS rates.

Dennis

Hmmm....sorry it took awhile for me to reply. I don't understand. I can do my own lease quotes with this software. Unlimited. I just plug in the cars....however many I want. I don't have to contact them for quotes.

I'm confused by this.

[jdshift]

Don't take this the wrong way........ ...but why lease? I know it works for some people, but they are just throwing money away. I did it once and deeply wish I had not done it. The monies spent on the lease could have been better put to use.

[dwynne]

Hmmm....sorry it took awhile for me to reply. I don't understand. I can do my own lease quotes with this software. Unlimited. I just plug in the cars....however many I want. I don't have to contact them for quotes.

I'm confused by this.

Looks like you were an early adopter and got a better deal. The current product is much more limited and you have to pay to update it for each car you are looking at.

Dennis

[timothyn1967]

Don't take this the wrong way........ ...but why lease? I know it works for some people, but they are just throwing money away. I did it once and deeply wish I had not done it. The monies spent on the lease could have been better put to use.

Well, to me, leasing makes far more sense than buying. I used to be a car salesman and I can tell you with some confidence that your average person would really rather not keep a car for 7 or 8 years, especially once the warrentee expires and things start breaking down. That is why so many people try to trade in their 3 year old cars, and end up several thousand dollars upside down which they end up rolling into their new car note. They end up having to go with 60 month or longer notes just so they can afford a mid priced Chevy.

On a lease however, I can get a car like a G37 for less than I would pay monthly for the same car on a 5 year note, and I can turn it in and get a new one every 3 years. Since I have no intention of keeping a car for more than about 3 years anyway, a lease is by far the safest and cheapest way to do it. On a lease you are not really paying for the car, you are just paying for the portion of the car you use (the depreciation).