Hello, I just got the new G35 sedan...and i'm new to the forums here... I'm curious if i got a decent deal on my lease...

G35 Journy Sedan
Prem package
Navigation
performance tire and wheel package
technology package
Splash guards
MSPR: $39,125.00
12k miles a yr..36 month lease..

I put 3k down..and pay 450 a month out the door (this includes tax) 7.75%

I just wanted to compare with other people who leased their G...

Thanks!

 

BTW... i live in So cal... and got the car at Cerritos Infiniti...

 

It seems kinda high Steve.

I got the same car for 34k without tax and fees. I would assume the lease would be $400 at the most.

 

well the 38k was the sticker price... i think after they worked out the payment... i believe they set the car price at 34-35k ish.. (dont have the paper on me)

 

even at 35k, the least shouldn't be more than $400 I would think. Ask them what the residual value is, that's the main concern? And are you getting 2.9% APR for finance?

 

I'm going to make a few assumptions and give an example for comparison's sake.

negotiated price: 35k
Money Factor: .00205
58% residual
12k miles/year
3000 Due on Delivery

gives 35 payments of 506.18, assuming 8.25% tax

this is a 36 month lease on a g35 journey.

I'd say you did pretty decent, although I wish I had an opportunity to earn your business.


@ Mr_G

Lease payment calculations are far more complicated than a purchase.

There is no APR, only Money Factor.

residual on a 36 month was 57% for 15k/yr. +1% for 12k, +2% for 10k.

 

I know the APR does not play a role in the Leasing, but I was using it to give an example when trying to buy a car.

Your payment is $500 / month because of your Money Factory, try that with 0.00105 or 0.0130, see where the monthly payment is. Close to $400? Thank you!

 

LOOKS good to me

 

How do you calculate the money factor? and the residual in percentage?

 

How do you get 2.9% APR on a lease? Yes the money factor is the lease equivalent to a purchase rate (money factor x 2400 will give you a close approximation of the equivalent "rate") but what are you babbling about? You can't apply a special APR to a lease. It's a finance offer/special. That's why finance specials are listed separately from lease specials. The only way to get a special APR applied to a lease is to have a bank buy the vehicle you want at the special rate and then have them lease it to you however your residual will be affected by this. I had a customer do this about a week ago.

 

Money factor and Residual values are provided by dealers. Money factor should always be as low as possible while the residual value should be as high as possible.

With the current economy, you can get lower than 0.002 in the money factor.

Go here to calculate for the lease term: http://www.leaseguide.com/calc.htm

 

i need some assistance!!

i suck at math... i can't figure this out.... here's what i got on the lease agreement...

Agreed upon value of the vehicle: 34633.00
Plus acquisition fee: $595
equals..
Gross cap cost: 35,228.00
Minus
cap cost reduction: 2045.8
equals
adjusted cap cost: 33182.2

Residual value: 22054.50
Depeciation amount: 11127.70
rent charge: 3937.22
Total of base montly payments: 15064.92

lease payments: 36 months
base montly payment: 418.47
tax: 32.43

Total montly payment 450.9

 

If you can get me a money factor under .002 on a G sedan, please let me know where. I'll get a car from you.

Rates and residuals are set by the bank. In most cases, the bank is Infiniti Financial when you lease an Infiniti, although third party leases *are* possible, their rate/residual combination is not worth using.

Current rates are as follows:
24 months: .00207
36 months: .00231
39 months: .00238

 

As Mike has already pointed out, rates and residuals are set by the BANK and NOT the dealer. And again as he pointed out, you can do a third party lease but the money factors/residuals will never be as strong as the ones set by IFS. On the flipside, unless they are offering special APRs, IFS will oftentimes not be able to compete with rates offered by credit unions. And like Mike said, show him (and myself as well) a money factor under .002 on a G Sedan. If you can find one, I got jacked when I bought mine...and I work for Infiniti.

Please, PLEASE get your facts straight before you start posting up random, incorrect and uninformed comments on the boards. One of the most difficult things to deal with are people who "think they know" what they're talking about and have no idea what they're saying. I'm all for customers having their facts straight as it definitely streamlines the sales process and allows us to cut through the BS and settle on a price that's fair to both parties. However, when someone asks for help or clarification and they're provided with info by someone who doesn't have all of his/her facts straight, it sends them off with misinformation that will only kink their deal and make things harder when they stroll into a dealership.

 

salesman....