Hey everyone,

Like the thread title suggests, I'm looking at leasing a G37 Sport 6mt. I went to Warren Henry Infiniti in Miami tonight and took 'er for a test drive. Great car overall. I picked one that was fully loaded with exerything except 4 wheel active steer, so it had premium package with nav, tech package, and some little things like spoiler, illuminated door sills, etc.

We got down to talking numbers, and here's the final deal they quoted me: 39 month lease with 12,000 miles/year: $497/month excluding taxes (with taxes it will be $531/month), with $1,000 down (includes first months payment). I didn't negotiate the purchase price up front, which I know was a mistake, but basically wanted to know if their quote is a good deal or not.

I have two other Infiniti dealerships in the area so I'll shop around tomorrow, but wanted to know if this first offer was decent. Also, if this isn't such a good deal, what should I be looking at in terms of a good one?

Thanks!

 

That statement alone means it is not a good deal. Learn what a good mf, residual, an selling price are before you even consider leasing.

Never talk in terms of a payment. Always talk in terms of mf, residual, months, miles allotted, and selling price.

Currently, a good deal for an 08 G37 would be something like:

36 Month – Residual 61% of MSRP – .00215 mf 15K miles and $500-$1000 below invoice for a selling price.

https://g35driver.com/forums/buying-...er-2008-a.html

 

Hey man, thanks for the reply.

All the dealerships are quoting me on a 39 month lease though, would the MF and residual be the same as the 36 month lease?

Also, the the sales manager called me today and tried to convince me to buy the car now, saying if I waited a month or so (I have two payments still left on my current lease), that their lease rates would probably go up.

Anyone have an opinion on this? I figure the residual may go down slightly but chances are Infiniti will release year-end rates, and I might even get a better deal if I waited until the end of December.

 

To answer your questions, No, No, most likely yes. The year end rates have been here, and leasing has progressively gotten WORSE over the past few months.

 

Mike, thanks. I emailed another dealership and here's what they quoted me on a 6mt with premium and nav:

Sale price: $40,275
39 months, 12,000 miles/year
Residual: 61%
MF: .00190
Payment: $1,500 down and $499/month + tax

When I calculate those numbers I get a monthly of $466.88. Am I doing something wrong?

 

Just an wild guess, that 1.5k "down" went to cover the first payment, acquisition fees, tag, title and other fees, rather than being applied to the Cap reduction.

 

Limeg, that's correct. I just used the lease calculator on edmunds and with the dealer's figures I got $518.55/month (including FL 7% sales tax). So the dealer quote is pretty close.

Now my problem is my current lease. I've got a 2005.5 Audi S4. I just spoke to Audi Financial and my lease is up on Jan. 9, but I still have three payments left. Apparently the terms of my lease dictate that I have to make a final payment when I turn the car in. Current buyout is $28,279.68 and final balloon payment at the end of the lease term will be $26,731.31. Monthly payments are $776.01.

There's no way I'll get anywhere close to that if I trade the car in, so it looks like my only option is to wait until my current lease is up and hope for some good rates on the G37 in Jan. Otherwise they'll have to roll that negative equity into the lease and jack the payments way up.

 

Do you live in so-cal? There are plenty of ways to work around your lease if the staff at the dealer is intelligent.

 

I live in Miami. If you could give me a few pointers to bring up next time I talk to them it would be much appreciated!

 

Just got off the phone with another dealership in the area. Here's what they gave me:

MSRP: $43,610
Sale Price: $39,466
Residual and MF: 61% and .0019
$1500 inceptions (including first month) and $533.93/month (including 7% tax)

That sounds pretty good to me, but they said the adjusted cap cost would be $40,474.95, after figuring in fees, etc. The aquisition fee and dealer fee come to $1,500, part of which rolled into the adjusted cap, and part of which was a cap reduction. Is that right?

 

Man I was in your boat a month ago. My 04 Max was not running up to par, CEL light an no one could fix. I have a friend at Infiniti I owed 20600 on my max and got into a G35X-S 39 months for 560. My payment on the Max was 430 for the same amount of time.. What you have to do is figure out how much you are going to get on the Audi and then and that to cap cost. Then figure out how much you can put down, I did 2500. I rolled 10k into my lease. But in 38 months I'm out from under..Your payment should be between what your are paying now and the figure you are getting from the dealer. Tell them about the trade and and them tell them I need to be at X amount with X down. I did this and it took 3 hrs to get the deal done.. GL..