Anyone lease a Infiniti G37 ?

[KingsDude]

I'm looking to get a G37 with Navigation and Premium. Cost is around $41,000 or so. Can someone tell me what their lease payments are and what options they got? Just looking to get an idea of what I'm about to pay without having to deal with a dealer.

[pdubb]

I actually just ended up leasing an hour ago instead of buying. What kind of questions do you have about it? It was 43,xxx out the door. $720 a month. 4k down. 20k mi a year allowed.

White on Black, Journey, Sport pckg, Premium pckg, nav, No 4was, no spoiler.

[jschaff]

I leased a G37 6MT with Premium,Nav,Tech,4WAS. I got the dealer to throw in the trunk cargo net, floor mats, and spoiler.

My leasing guy used USBank, got the same residuals that Infiniti used, got a lower money factor than Infiniti, and 15k miles a year.

My payment is $669/month for 39 months. I am happy with this.

[drivesick]

I actually just ended up leasing an hour ago instead of buying. What kind of questions do you have about it? It was 43,xxx out the door. $720 a month. 4k down. 20k mi a year allowed.

White on Black, Journey, Sport pckg, Premium pckg, nav, No 4was, no spoiler.

Wow that sounds really high!!! The money factor is the problem right now. Don't know why it's soooooooooo high. Have them re-do the estimate at 42 months. I know that's a little long for a lease but the numbers were working out much better when I bought mine. $3500 down, 12k miles at under $550 month including taxes and all. G37 Journey with sport package and spoiler. Hope that helps.

[torbach1]

20k miles/year will also have a significant impact on residual value vs. 12k miles.

Regards,Tamir

[jschaff]

I went to Infiniti to get their lease numbers and they sounded great. But I have my own leasing guys here in the Dallas area, and they were able to match the residual and got a money factor that was .00250 or so when Infiniti was .00420 or so. Much better.

http://scmauto.com/

Ask for Jason Rogers. Tell him his liquid platinum G37 6MT customer in Plano referred you.

[cdmotor]

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, and it paid for itself on my first payment on my '04 Acura TL, which, with no money down at all, the dealer wanted $469 per month for a 48 month term, 17,000 miles per year.

Plugging in all the variables like Vehicle Cap Cost, money factor, Residual Value, mileage, etc. Lease Wizard said the payment SHOULD HAVE BEEN $395 per month. Armed with this info and the Lease Wizard report, I went back to the dealership and got the car for $395 per month. The $74 monthly payment difference was simply a piece of the the dealership profit on the lease.

Using the Lease Wizard to try and determine the proper lease deal for a 2008 G37 is difficult right now, because the car is so new their data has not yet been updated to include this car. BUT....I tried using the following parameters:

- $41,000 Vehicle Cap Cost - 15,000 miles per year - .00250 money factor - 48 month lease term - Residual value of 53%

Monthly payment (with no money down) is $532.25

Now, before anybody disagrees with this amount, please remember that I am estimating, and do not at this time know the actual figures.

Additionally, this car is on the dealership floors for what, 3 weeks? and everyone who wants one is trying to be the first on their block with one. I was in a local Infiniti dealership 2 weeks ago and was told that there was a bidding war on their first G37, and it was selling at $30,000 OVER MSRP.

In my mind, that's ridiculous, but, then again, I don't have money to burn!

Keep in mind that the G37 is REPLACING the G35 coupe. That was a very high selling, mainstream car for Infiniti for the last several years, and they'll want to move units on the G37 as well....in time.

The deals will just keep getting sharper and sharper as time goes by. And for those of us with 6 months left on our existing leases, or those of us who are okay with NOT owning the first one in town, time works to our advantage.

[KingsDude]

Do you mind calculating for 12,000 miles/year and only a 36 month lease with the same $41000 price? I think I'm going to purchase one in October. I talked to the guy that sold me my G35 last year and he said wait about another month or so and the prices will drop significantly. I don't know if i can wait, but I guess I'm going to have to.

Thanks for the info!!

Any more leases out there? Need more info!!

[siddo]

Man...you guys are really making me jealous! I just signed the lease papers today for my g37 arriving tomorrow. Korea has a pretty weird system where you pay the residual up front. So I gave them a $20,000 deposit and paid about $7000 in registration and taxes. Then about $3000 for insurance. My out the door cost is a staggering $70,000 (actually a little more due to the exchange rate). My monthly payment is about $1600 for 36 months. You guys have it made! $3500 down and $550 a month! You've gotta be kidding me!

Sid

[drivesick]

20k miles/year will also have a significant impact on residual value vs. 12k miles.

Regards,Tamir

Yeah for sure but that much more??? From 12k to 15k was only a $11 difference. I know 20k is much more than average but almost $200 more a month sounds crazy!

[cdmotor]

Sure....

$41,000 Cap Cost36 month term12,000 miles per year53% residual value.0025 money factor

Payment = $690.17 per month

Remember - I do not KNOW residual value and money factor. These will influence the payment, as will all other variables. But do NOT let the dealer B.S. you into thinking this is the wrong math. Math is a SCIENCE, not an ART. Negotiating with your dealer is an ART.

[verycomplex]

These were my terms:

$1,000 total out of pocket due at signing$635/Month42 Months10,000m/yr

$43,750 sticker (Premium, Nav, Tech, and everything else except active steering)Black on Black 6MT

Some things to consider:

1) Probably got a better deal with the low miles, but I don't drive every day so why pay for what I won't use. My current Acura TL lease is expiring and I averaged 9,000m/yr. But even at 12,000/yr the payments would be in the 640s/month

2) I bought at the end of the month and I had three dealers working against one another. I just used each one against the other until I got the deal I wanted.

3) I was originally shooting for 36-39 months, but I know I'll be able to end the lease early if I stick with infiniti. And if I don't dealers are always willing to work with you on an expiring popular luxury car low mileage lease. But I'm really liking this car and may end up buying it anyway.

4) Test drive the car with no intention of buying that day. Use this time to get a feel for the car and what options, colors and layout are most important for you. But don't buy at that point.

5) Once you know what you want go home and try an online site like cars.com or autotrader.com and put in exactly what you want in options and what you're willing to pay. You'll have several dealers in your area emailing you within 24 hours. You can do all the negotiating over the phone.

6) Some dealers will claim that can't discount the car by much since it's brand new. So won't get invoice, but they will discount if they think they'll lose your business to another dealer in the area. Don't be afraid to be firm.

Hope that helps. Good luck.

[dsharkcali]

Are you sure this is correct? It should at 63% after 36 months with 12K. I have no idea why you guys are willing to pay so much for a $40,000 car. I would have figured a 36 month lease for a G37 with zero down would be in the high 5's for the monthly payment including taxes. Am I confused?

[verycomplex]

I think your numbers are about right for a $40,000 infiniti (high $500/month with 12K/yr).

For a $44,000 infiniti you should expect to pay in the low-mid $600s. I think the rule of thumb for a 3-3.5yr lease is about $15 per month for every $1,000 in the sticker (or whatever final price of MSRP you negotiate). That assumes minimal out of pocket and any taxes and fees.

[marsb007]

I just leased a G37 Journey /Premium, Nav, Sport, Tech, Spoiler

MSRP $44,925Added $800 for a remaining payment to my prior vehicle

Adjuster cap cost $45,725.Taxes, fees, etc $1400Residual 61%Money Factor .00285 (bought down by a security deposit of $6700 which I will get back at the end of the lease... adjusted MF is .00195)

$654/month for 39 months, 15k ..... taxes are included.

Crappy part is that i had to dish out the $6700 deposit to drop my MF to what amounts to a 4.8 interest rate... but i'll get it back at the end.

If I had not done that... I believe my monthly payment would have been in the low $700s, all taxes included. ($715?)

If you invest the $6700 in the market, you'll get a $1200 return in 3 years. If you use it to buy down your MF, you dont have to pay $2500 to Infiniti Financial. For me it was worth it...

[cdmotor]

Well, I can tell you after talking numbers with an Infiniti dealer today, you are right about a higher residual value than I originally used to calculate the payments.

I test drove a G37S today that stickered for $42,965. Options included Premium package, Nav package, not sure what else. I think it was pretty loaded.

I just compared the dealer's lease deal numbers against my lease emulator software package, and all I can tell you is that he's shooting the numbers straight.

Here they are:

39 Month Term15,000 Miles60% Residual Value.00285 Money FactorCap Cost of $42,965 (Full MSRP)No other money down except for First Month Payment ($686) Bank Fee ($595), M/V ($334), Doc Fee ($249), and Tax ($60) = Total Due at Inception $1,924

Monthly Payment = $686

He told me that in 2-4 months time, they'd be discounting the car. Since I just bought another car from another one of their dealerships last month (and it was a very expensive car) my salesman on the first car (which I did not have an opportunity to negotiate price at all) told me they'd get me the G37 at "tissue", which on that particular car with an MSRP of $42,965 was about $3800 less, which brings the Cap Cost down to $39,165.

This would lower the monthly payment to about $575, from $686, with all other lease variables being the same (other than the total due at inception, which would decrease due to the lower first monthly payment, obviously).

It remains to be seen if I can get the car at tissue, however.

We'll see.

[KingsDude]

Would you think any dealer would offer a bigger discount if I were to lease two cars? You can't really bargain most of the leasing terms, only the Cap Cost. My salesman, who I've dealt with on 2 cars already, told me to wait a couple months and the price will drop. He said around December, but it may just be then since he gets a bonus for every car??

I'm looking for a G37 Journey with just Premium and Nav. No sport, no technology. I thing the MSRP comes to $41,115. I'm thinking on an average down payment of $3000, I can maybe get out the door for ~$540/month?

Any thoughts?

[cdmotor]

More than likely, yes.

A good dealer would (and really SHOULD) do better on a multiple purchase.

Think about it, how many times a month do you think they move 2 cars at the same time to the same person? Not very often.

I am new here, and am not looking for any negative responses, but I will reluctantly tell you that the 1st car I leased from the dealer was a 2008 MB S63, which had a sticker north of $140,000. At MSRP, they had their full profit in that car, which was more than $12,000. Negotiating was not really an issue. When you want a car like that, you want it. Period. And the dealer knows it....and if you don't want it at their price, then don't buy it.

But, I want the G37, and that one, he needs to do at invoice. I think I'll get it.

BTW, the $41,115 minus $3K should be doable for around $540 per month.

[verycomplex]

Just and FYI - Dealers are discounting. So don't accept sticker no matter how much they claim that can't discount. Try a couple dealers if the first one doesn't work with you.

[KingsDude]

How do you plan on getting the car at invoice? Should I try to get more knocked off if I'm buying two cars at once? What should the lease payments be at "tissue"? What is "tissue"?

Thanks for the help. Just gathering all the info before I go to work on getting that car in November or at the end of October.

[TONY D]

Hey Fellas, Someone clue me in. As I've never leased a car, could you please explain the concept of residuals??????

NEW OLD GUY

[jasonviper]

I just leased a G37 Journey /Premium, Nav, Sport, Tech, Spoiler

MSRP $44,925Added $800 for a remaining payment to my prior vehicle

Adjuster cap cost $45,725.Taxes, fees, etc $1400Residual 61%Money Factor .00285 (bought down by a security deposit of $6700 which I will get back at the end of the lease... adjusted MF is .00195)

$654/month for 39 months, 15k ..... taxes are included.

Crappy part is that i had to dish out the $6700 deposit to drop my MF to what amounts to a 4.8 interest rate... but i'll get it back at the end.

If I had not done that... I believe my monthly payment would have been in the low $700s, all taxes included. ($715?)

If you invest the $6700 in the market, you'll get a $1200 return in 3 years. If you use it to buy down your MF, you dont have to pay $2500 to Infiniti Financial. For me it was worth it...

How were you able to put a $6700 deposit? to lower your MF? I know with lexus it's called a MSD Lease. What is it called with Infiniti? Anyone?

[marsb007]

How were you able to put a $6700 deposit? to lower your MF? I know with lexus it's called a MSD Lease. What is it called with Infiniti? Anyone?

That is exactly what it was. With Infiniti, you're allowed to place up to 9 security deposits, each one lowering the Money Factor by .0001. Thus, since the original starting MF was .00285, after the deposit it dropped to .00195 (equivalent to 4.8% interest).

The way the amount is calculated is take the monthly payment at the original MF (.00285) and round it to the next $50. So if your monthly payment using .00285 is 690... round it up to 700 x 9 = 6300. If your payment is 715... round it to 750 x 9 = 6750 (what I had to do).

Hope that helps.

[marsb007]

Anyway you slice it, that's a helluva lot of $$$ to pay every month for something you don't own. I would expect this beast to have better residual value than what everyone is calculating. Ouch.

I dont know what cars you're shopping for, but I dont believe there are many out there that have close to the same residual.

Top 10 residual value -- Edmunds.com (for 5 years)

* 2007 Lotus Elise 53.86%* * 2007 Lotus Exige 53.85%* * 2007 MINI Cooper 52.71%* * 2007 Jeep Wrangler 49.25%* * 2007 BMW M6 48.11%* * 2007 Honda S2000 47.96%* * 2008 Scion xB 47.64%* * 2007 Volkswagen Eos 46.93%* * 2007 Toyota RAV4 46.92%* * 2007 Chevrolet Corvette 46.74%*

Right now I do believe the G37 has a 43% residual value after 60 months (5 years), so it's more or less right there after the top ten list.

The price is driven up by the high Money Factor. Drop down to .00175 - .00185 and you could essentially drive the same car for $100 less per month.

My problem with purchasing any vehicle is the fact that I get bored of it after 2-2 1/2 years. Additionally, should you get into an accident, or should some fuknut slam into you, there's no way you'll get the same value for your vehicle as you would have. I'd rather give it to the bank, thank them for their business, and walk away...

[TurboKC]

I leased the second G37 in the state of WA around 3.5 weeks ago and one of the issues surounding any type of financing is your FICO score. I didn't see much discussion on that so I thought that I would mention that my FICO score was only 680 at the time, and I would have saved $20 a/mo if I was at 700, and there would have been another $15/mo break over the 720 mark.

If you have time to plan, pay off your CCs, take advantage of new cards with O% for the net year (no more than 2) and see if you can move your score before your car is delivered.

As for residuals, expect 25K for a 39 month loan, should be a no brainer as the car will be worth enough to move into a new lease without having to take 5K out of your checking acount.

Cheers!

[dragin]

Well, I got 24,000 for my 04 G35, put 8,000 down on my new G37, put the remainder in CD's. My payments are 577.00 for 24 months with only 12k miles/year. I'm gonna wait for the 09 or 2010 convertable hard top.

[ArEs23x]

What would you guys recommend? I honestly want a g37..at the moment I have a 06 sedan...I barely got the car this January and I wanna get the g37 but refuse to get anymore negative equity.. i swear I got so boinked when I attained 7k negative equity from trading in my altima for my "G". Ever since then, I definitely know what effects there is of trading in your car and the cost lol. Do you guys think I could get into a g37 for an even trade? What if I convince my brother to get one with me, do you think they will do it? thanks

[romerom]

sounds like a bad financial move honestly ?

[ArEs23x]

at the same time I really want it and at the same time I dont mind waiting. I guess I could agree with you cuz other people gave told me. I guess i just have to sucker a infiniti dealer to do it if possible lol

[KingsDude]

There is no way they'll trade a G35 for a G37. G35 sedan new is way cheaper than the G37. Good luck.

I'm planning on getting a G37 asap. I'm going to be purchasing a G37 and a relative will be purchasing a M35/M45 as well. Hoping to work the dealers and get the best deal.