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Advice on lease deal??

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Old Aug 26, 2006 | 01:04 PM
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Advice on lease deal??

06 Coupe/Auto, w/ Premium/Tire&Wheel/Nav/XM/Splash/Trunk Mat...

MSRP: 39,940
Invoice: 36,474
Selling Price: 36,000
12mo/12k
Monthly: $366.90
Driveoff: $1314 (No down payment, just Bank fee, first month, title/reg, gov. fee, etc.)

I think this is a great offer since I'm getting it like $500 under invoice to begin with. Should I pull the trigger on this one? Or do you guys think I can go lower? Also this car has 30 miles on it...this is still considered new correct? when is a car not considered new anymore...like how many miles on it?
 
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Old Aug 26, 2006 | 01:25 PM
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Yea is still new, Thats a great deal, lots of people are paying over 500 for the same options, how long is the lease for??
 
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Old Aug 26, 2006 | 01:35 PM
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Originally Posted by Peter NY
Yea is still new, Thats a great deal, lots of people are paying over 500 for the same options, how long is the lease for??
12mon/12k...but I think you have an option to extend to 6 more months w/o any other fees. Ya I had another dealer who was doing $300 under invoice, but the drive was too far so instead I went with one that is like closer. I wonder if I can knock off another $200 off the price since he gave it to me easily at $36,000. By the way, this is in SoCal.
 
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Old Aug 26, 2006 | 03:11 PM
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hey im in socal too!
what dealer did you go to? and do you mind my asking who gave you that deal bc those are really good numbers
 
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Old Aug 26, 2006 | 04:05 PM
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Originally Posted by mrtrance
12mon/12k...but I think you have an option to extend to 6 more months w/o any other fees. Ya I had another dealer who was doing $300 under invoice, but the drive was too far so instead I went with one that is like closer. I wonder if I can knock off another $200 off the price since he gave it to me easily at $36,000. By the way, this is in SoCal.
Besides asking to lower the price, also try to lower your M/F as well, if they lower the M/F(interest rate) just by 1%? the difference is about 30 bucks per month.

Would like to know what is the M/F, residual and if 366.90 including sales tax or not? but 500 under is pretty good.

What are you going to do when the lease is up? trying to get new body style G coupe? if so, just word of caution, no one know when will the new coupe come out, if its early in the year, ppl who leased for one year are ok, but if they dont come out til Sept.? what are you guys going to do in the mean time? and rest assured that there will be no deal on the new coupe at least in the initial 3~4 months, even tho you are getting pretty good deal now, you will be paying them back with your next purchase of G35 coupe.

when is a car not considered new anymore...like how many miles on it?
I think its new untill its been registered with DMV.
 

Last edited by limeg35; Aug 26, 2006 at 04:22 PM.
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Old Aug 26, 2006 | 04:52 PM
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you cannot adjust teh money factor on a IFS lease.
 
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Old Aug 26, 2006 | 10:26 PM
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Originally Posted by limeg35
Besides asking to lower the price, also try to lower your M/F as well, if they lower the M/F(interest rate) just by 1%? the difference is about 30 bucks per month.

Would like to know what is the M/F, residual and if 366.90 including sales tax or not? but 500 under is pretty good.

What are you going to do when the lease is up? trying to get new body style G coupe? if so, just word of caution, no one know when will the new coupe come out, if its early in the year, ppl who leased for one year are ok, but if they dont come out til Sept.? what are you guys going to do in the mean time? and rest assured that there will be no deal on the new coupe at least in the initial 3~4 months, even tho you are getting pretty good deal now, you will be paying them back with your next purchase of G35 coupe.

I think its new untill its been registered with DMV.
Just completed the transaction tonight. I'm loving my new G coupe. Everything went like normal...was there for only an hour to do the whole paperwork...it was the easiest transaction I've ever done on a new car....
So final drive-off of $1314 ($0 down payment) and monthly payment of $366.20 for 12mo/12K....Selling price of $36,000 with MSRP of $39,940...About $500 under invoice..I think I did pretty good with this deal.
 
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Old Aug 26, 2006 | 10:42 PM
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From: Modesto, CA
Originally Posted by da mayor
you cannot adjust teh money factor on a IFS lease.
What is the MF from IFS for this deal then?
 
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Old Aug 26, 2006 | 10:45 PM
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congrats..u gotta great deal !
 
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Old Aug 26, 2006 | 10:54 PM
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Originally Posted by limeg35
What is the MF from IFS for this deal then?
MF is 0.00149, residual of 83% for 12K, 82% for 15K.
 
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Old Aug 27, 2006 | 03:33 AM
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contrats mrtrance
can you refer some people at the dealer you went to
 
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Old Aug 27, 2006 | 02:59 PM
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you know whats funny. you think that being under invoice is a big deal...there is a such thing as hold back. because we anticipate people wanting to be at invoice! there is money we get back from the mfg. the only thing invoice does is for the dealerships sales managers. often their pay is determinded from whats before holdback. ours includes holdback, but when you all say invoice this and that, you really have no clue what you are talking about.
 
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Old Aug 27, 2006 | 03:02 PM
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Originally Posted by da mayor
you cannot adjust teh money factor on a IFS lease.

wrong again! ifs allows up to .002 adjustment on the money factor. for tiers 1-3 if memory serves me. and .0015 on tier 4.
 
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Old Sep 13, 2006 | 07:18 PM
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wait ur lease is for 12 months? thats it? weird.
 
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