G35 Lease

[gibran1984]

Hey guys I've been in the market for a G35 Coupe for a while now and this is the best deal I have been offered so far. The car is G35 Coupe 6MT w/ Premium Package, Aero Package, Rear Active Steering, and Sirius. It's a 12 month lease for 12k miles. Down payment is $5k (ouch) but monthly is only $189. Down payment and monthly already include tax, title, etc...What do you guys think?????

[G_whizz]

Ummm....what year is it? How much per km if you go over?

[Q45tech]

61 cents per mile* plus gasoline [15 cents per mile] plus insurance [say 10 cents per mile] plus required maintenance [tires, fluids, potential charge backs for wear]. Close to DOLLAR PER MILE ~~90 cents. $11,000

I like my 16 year old 310k Q45 that costs less than 36 cents per mile to drive. I can usually find a good use for the $6,000 plus I save. New cars........... humbug.

* based on costs [$5000 + 12*189]/12k miles

[maxnix]

So basically you are paying $605/month + expenses to drive a G35c for a year?

If that's a good deal to you, it yours.

[J-Owner]

If you cannot afford to lease a car at what the cost would be without any money down then you should not lease a car.

Any money you put down is money you are throwing away. It is not economically feasible to put money down on a lease.

A lease by its very definition is cheaper than if you purchased it outright, even without any money down, therefore, why would you tie up your money, excuse me, burn your money on a downpayment?

Put the cash in a 12-month CD and earn 5%. Plus it is only for a year????? If you want it that bad go for it, but as a Banker I think it would be a poor decision financially.

[Ozz1113]

I didnt want to own this car b\c of the difficulty in the winter and upkeep costs (tires, gas, brakes etc.). For me the lease was the only way to enjoy the car. I have 12m\$499 + 300 tints, 599 bank fee & $200 for something else. Nothing else down. Insurance is the same than my TSX.$.25 a mile over, which I will be over. I was also over on my TSX but it didn't cost a thing with the trade in. Also, didnt have to buy tires or brakes for the Acura either. Thought that made the deal a lot more attractive.Good Luck.

[J-Owner]

well $1,000 dwon is no big deal. $5K is a big deal plus to lease the car for one year, you still have to pau TT&L, which is probably another $2,000.

I am not saying there is anything wrong with leasing a car just don't put any money down other than TT&L. Try not to roll the TT&L in on the lease either.

[telcoman]

The cheapest way is to buy a car outright for cash. Start on the internet & then Negotiate, negotiate, & negotiate during the month of December. Start driving dealers crazy starting in October & purchase on either Christmas or New Years eve.Drive an el crapo while you save money. I drove Volkswagens for 25 years until I was able to afford a brand new 1992 Lexus ES 300 5 speed. I loved that car and got rid of it last year after 14 years for my 2006 G35 6 speed MT.I do not worry about trade in value because when I'm done with a vehicle it is usually between 10 to 18 years old with a couple of hundred thousand miles on it. Change oil every 3500 miles and most cars will run forever. I got above book value for the Lexus. Sales tax, registration fees all cost money. Sacrifice now & enjoy later. Good luck with whatever your decision.

[SVTCOBRA]

I'm with Telcoman.Negotiate and buy at the right time...before a holiday or the last friday in the month....and at the end of the model year if you can. We purchased our 05 sedan in January 06. They offered a $4,000 rebate and an additional $1,200 off for a total of $5,200 off sticker. I believe the coupes had a $3,000 rebate at the time. Timing is everything....

[J-Owner]

Well yeah......it is always good to pay cash for a vehicle because you get a better deal and a vehicle is never an asset unless it is paid for. However, realistically if you are buying a coupe, most people do not have $20-30K sitting in a bank account earning interest waiting to be spent on a car.

I see the appeal of a lease, especially to people who want a new car every three years. I prefer to own mine outright.

I too do not worry about trade in value as I never trade mine in. I sell them privately. I had a '95 J30T that I sold in '05 when I bought my coupe and the J had 133K miles on it and was in mint condition. I had a three ring binder of service records dating back to 9 miles on the odometer. It was a result of my anal retentiveness (care & maintenance) that I sold a 10 year old car with over 100K miles on it for $5,400. NEVER trade in a car.

[WESIDE]

Man, Just buy a new one. I just recently purchased a brand new 2006 coupe and I only pay a little over 500 a month for it. Leases are a F----N rip off. Thanks for reading.

[LLSTORY]

I work for an Infiniti dealership in Denver and we have a lease special for a similar G35 coupe for no money down (literally nothing except of course your sales tax) for $499 a month. Its only 10K miles a year but its not much more for 12K. It even covers first payment so you would be paying $5500 total for a year. If we can do it, any dealer can.