my friend wants to lease a 2007 g35 coupe 6MT with no options, msrp is $35,949 (base msrp + destination).

this is what he was told:


$1400 total drive-offs ($0 down) gets you in a 36 month lease at a $410 payment. Choose the 21 month lease for just $5 more per month.

He is in SoCal and is wondering if there are any other dealers that would probably/most likely do a better deal?

 

definately a good deal ... and its cause in light of the new 08s coming out around the corner.
But if you friend is not concerned with the all new G-coupe coming out ... i would say go with it ... in 2005 when i leased I know I paid more.

 

he doesnt care about the g37 because they wont be dealing those for atleast a year or so.. nothing under MSRP for a while..atleast nothing close to invoice

 

i have noticed that this board is hooked on leases. are the majority of the g35owners here leasing their ride?

 

probably half and half

 

I would ask your friend to go with the lease then ... those numbers look pretty good to me when compared to my deal (which i thought was pretty good)

my lease was 12K miles, $457/month and $1756 down (including taxes, fees, etc.) for 27months. My car had everything but the nav.

Angelus - Leases make up 50% of all cars sold in the US. Its a personal choice... and to compare lease vs. finance ... is a beaten horse...many a times.

 

everything but the nav? so your msrp was 38-39?

the msrp on the one he wants is 35xxx (incl destination).

 

I was looking at a fully loaded (less navi) 6mt coupe for $435/mo on a 36 month with same drive off, just over a month ago.
I ended up with $0 driveoff, 36 month lease at $490/mo for fully loaded 6mt.

If nothing else, your base price is too high. He should be able to negotiate that down below invoice. I got mine $500 below invoice.

[edit: I lease through my business so its better for me than buying]

 

Yes MSRP was ~$38K.... my negotiated price was 35565.

 

he was quoted $500 below price. now if thats the same as below invoice, im not sure. here is the breakdown:

Base MSRP - $34,050

Painted Splash Guards - $210
Trunk Mat - $ 80
Freight Charge (has gone up since, but I must bill you what Infiniti billed me at that time) - $700

Total MSRP - $35,040
Total Invoice - $32,231

so he said "$500 below my price" for a lease.

the internet sales manager goes on saying:

Should you wish to finance this vehicle, I'll go $2,000 back of my invoice in addition to still getting you the 1.9% APR for 60 months that is available should your credit qualify.

 

Like I posted in other thread, with those numbers? they dont add up to 410 a mos with tx, so they might quoted you that payment with lowest MF, without run a credit check first so its possible that when you do decide to lease that car and ok them to do a credit check? they "might" come back with higher payment and point it to your credit history.

 

thats because they also have a $1500 factory to dealer incentive to move the 07's-but only for sales, not leases.

those lease numbers are pretty close to the ones I have, although I have much less in (drive off) which raised my monthly. sounds like good numbers to me (if only to reaffirm to myself that I got good numbers, lol).

 

limeeg35-
he has a fico score of over 750... he should be fine

pantablo-
they probably rolled the $595 aquisistion fee into your monthly payments

so overall is this a good deal, or do you think he can get a little lower payments.. or would it be likely that next month it will drop more?

 

I get exactly $410.58 a month BEFORE tax with those numbers and a 36 month, 12K/year lease. I do not know how tax is handled on leases in CA, so I can't tell you what that would add.

However, for 2K under invoice and 1.9% APR for 60 months, I wouldn't think twice about buying it over leasing it. I know I would have bought instead of leased if the APR deals were on the sedan as well. If he can afford to put even a few thousand down in addition to paying TTL up front, you're talking about a monthly payment of high 400's. Of course, with that kind of APR I'd put as little down as possible and leave your money in the bank.

If he's set on leasing and wants his monthly payment as low as possible, I'd look at a 39 month lease with the multiple security deposit option. The residual drops 1%, but your payment drops $16 to $394.56. If he is willing to put the max (9 x $400) security deposit down, the payment drops to $348.03. Keep in mind, if you have the money to use towards a down payment and are leasing, the best return on your money is the security deposit option. You're saving over $1800 in interest on the 39 month lease by letting them hold $3600 that you get back when the lease is over.

 

what is the multiple security deposit and what do you mean by letting them hold $3600 that you get back when the lease is over