Incase you wanted to buy at the lease end. Also I beleive selling price is the Capatilized cost and that is important in calculation of monthly payments and all other factors that goes in the lease. Correct me if i am wrong.

 

let us know how it goes

 

I went to the Millenium Infiniti at Manhasset in NY. And again, the car you were quoted has, premium+navigation+sports+spoiler+sunroof. and payments and money down like i mentioned earlier.....??

If that is so I will go there....

 

In lease, the Cap cost is equivalent to the selling price in purchase.

 

They would have to base the payment on the "selling" price of the car, just when in lease and in most other cases the selling price is never talked about, because we usually focus on or led to talk about the payment only...Have you look at the car first? I mean did you negotiated that price or its from some sort of advertisement, whats the residual/money factor/MSRP of the car?

 

yes i was quoted with all of that, $499/month with just taxes, first months payment, and fees out of pocket from ray catena in jersey. i believe the car also has rear active steer which is a $750 option

 

I just (like, today) completed a lease contract on a G35S, for delivery Friday (woo hoo!). When you lease, you still need to negotiate the best price, because that becomes the gross capitalized cost. Your lease payment has two major components, amortized depreciation and a finance chgarge (called a "rental charge" in Infiniti leasese).

The depreciation component is essentially the cap cost minus the residual, divided by the number of months in the lease. The residual is a set percentage of MSRP (not of the negotiated cap cost). So, the lower gross cap cost you negotiate, the lower your monthly payments will be.

The finance cost component is what the lease company charges you for interest on the money they use to buy the car. The monthly finance component is (cap cost plus residual) X money factor (Yes, plus--it's a bit complicated). So again, if you negotiate a good cap cost, your finance charge component will also be less.

Some states impose a sales tax on the monthly payment (e.g., Mass is 5%)

The end-of-lease purchase value is a per-cent of MSRP and is unaffected by any negotiations going in. The per-cent depends on the term of the lease, the longer, the lower.

I said this on another thread: FWIW, there are many opportunities for dealers to increase charges and profits on a lease if you look only at monthly payments--Google "car lease tutorial", understand leasing, then negotiate the best "purchase" price (cap cost). Then check every figure in the lease agreement carefully--my dealer made an error that would have cost me over $1000 over the life of the lease if I hadn't caught it.

Hope this helps.

 

UPDATE:

ok I just came back from the dealer and so far this is how its going down.

07 G35 coupe black on black, navi, and fully loaded.

Selling price: $37,031
Residual value: $32,382
Difference in price: $4649
money factor: 0.00221 = 5.3% ( he said I cant go less then that because that is the rate for excellent credit, is this true?)
months: 15

I am now offered $305 monthly payment with $1500 down + $389.35 tax+ $595 bank fee+ DMV fees.

This is how the figures of the payments were reached:

payment on residual : ((37031-32382)-1500)/15= $209.93
interest "rent charge": (37031+4694)x0.00221= $ 92.21
+_______
$302.14

Should I sign?

 

An interesting fact about the 15 Month lease .....

After reading here about the 15 month lease I called the dealer I am talking to about buying a G and they told me that the reason for the lease is because this is the last year for this model of the Coupe ... so it gets redesigned next year. Infiniti's plot is to get buyers to buy the current model, then be out of it in time to buy the next model. I talked to the finance manager about this and he said the residual on this 15 mo lease is like 71% or something like that!

The sucky thing is that the lease is not avail on the sedan which is what I want. : ( ... But I am going to look at all the options including a lease before signing.

I am considering the Journey Sedan loaded with Tech, Navigation, and the Premium packages. I like the sport but those seats KILL me so I am going to go with the normal one I guess. Any suggestions? I was looking at the IS350 and the TL and TL Type S

Craig

 

is 71% good or bad over 15 months? And what should I try to get if it is bad?

 

By what you posted about the residual being 32382, and if you are G35 is "fully" load like you said? its no way the residual being 71%, its more like 80%

 

So thats good right? Im sorry guys but im a complete newb when it comes to leasing

 

I guess it is, the "normal" rate is 75~76%, but last year's one year leasing special was 82%...Would you happen to know the MSRP on that car? you say its fully loaded? how "fully" loaded it is? the MSRP on fully loaded 5AT is around 42500, I dont think they going to sell it to you at 1.7k below invoice.

I am not the fan of the short term lease cus you are payin way to much fee for just 12~15 mos, like you have to come up with around 3.2 out of pcoket, when you add those into your monthly payment? your payment would be 518.

 

MSRP on the car is $40,099

And it is fully loaded meaning EVERY option available on a 07 6MT is in it. EVERYTHING. It comes to the same also when I configured it online

 

So the residual is about 80%, and you got it for about 400 over invoice, so all and all? it isnt bad deal, but Infiniti do offer an 3.99% financing for upto 60mos, so I would ask them to take look at the M/F again see if they are willing to make less of margin on it.

Here is what fully loaded 6MT consist of...

6MT Base MSRP $34,050

P01 Premium Package $2,850
U01 Infiniti Navigation Package $1,800
V01 Rear Active Steer Package $750
R01 Aero Package $550
A96 XM Satellite Radio $350 or
A97 Sirius Satellite Radio
B95 Painted Splash Guards $210
M94 Body Side Molding $150
T92 Trunk Mat $80
Destination Charge $700

Total MSRP 41490.