I think a 15 month lease deal on the G35 coupe 07 is a great idea...(especially for me since my current lease comes up end of may), but for it to be practical, shouldnt $0 down be given with about low $400's a month for it to be worthwhile. I dont want to be a few thousand down , that feels like i am throwing away my money.

 

Post complete details if you would like an informed response.

 

35000 sticker...15000 miles...15 month. What other details are needed? Anyone experience this 15 month lease and take advantage of it"

 

You say you want to pay $400 a month, but you dont say what the dealer offer was.

Once you tell us that, see if you can find out what the buyout (residual) amount is.

 

Sorry, I am not good with the way leases, work, etc. I have someone come in and help me get the price down!LOL. The dealer said they are offerring a special on the G35 coupe...the 15 month lease that I have seen people talk about on here. That is all he said...did not say money factor, residual or anything. I was hoping someone took advantage of this offer so I know what to expect!

 

Here is your deal. I would not lease this.

2007 G35 Coupe with Auto. 15 months, $329/month - $3754 initial payment, 12K miles (for 15K residual = 78%)

MSRP: $34,165
Cap Cost: $30,355
Cap Reduction: $3425

Acquisition: $595

Residual: 80%
MF: .00576 or 13.82% Interest on depreciation

Total Payments: $4933
True Monthly Cost: $557 + tax (($3425 + $4933) / 15))

 

P.S. Sticker of $34,165 = Coupe with no options

 

Sorry for another post, but this merits it.

Invoice on this car is $31,478, so in spite of high MF, you are getting it at over $1000 below invoice.

Still not for me, though.

 

bottom line on any leases (this is how I work) .... dont put anything down except the taxes.... and then if you can afford the monthly payment, you are good to go.... again dont put any money down on a lease.

 

Yes I have heard not to put anything down on a lease. I will go out tonite and let you know what happens. So my main concern is working with the dealer to get the main price down correct??? I should never talk money and tell them what I want my monthly payments to be....am i correct?

 

With a lease the dealer has many way of 'sticking' it to you... it could be the price of the car, or the money factor or the down payment or the mileage... whatever it is ... the final decision is can you afford the monthly payments without putting anything down (or minimal down).

my approach has been that i let the dealer know that i am not going to put anything down, and then i tell them the monthly payment I want to make (ofcourse this is a low balled number) ... and if the dealer can work the numbers then good enough ...

everyone has a different method of negotiation... some start by getting the price down - i would call that the top down approach.... and some (like me) start by working off the monthly payments - the bottoms up approach.

 

I am sorry to jack the thread. but I've been told that I don't have to care about the Residual if I am not plan to buy the car at the end of lease. is that correct? because I've leased a 15/month deal with almost same deal as you below above.

 

The residual helps some people calculate if they have a good deal or not.... it also helps to know it on a PRE-lease basis, if you are comparing lease deals with other dealers offers.

The higher the residual the better for you.

But now that you have already got the deal you needn't worry abt it unless you want to buy it once the lease is completed.

 

i went to look at an 07 yesterday for a 15 month lease. I think im gonna go for it, 15 month lease, 2000 down with payments in the 390s. 12k a yr. the car is a 6mt IP fully loaded with Nav.

 

$2000 down + tax or $2000 down, including tax?