What's up everyone?? Just got back from the Infiniti dealer. My brother is looking into getting a 05 G35 coupe AUTO premium and 19' wheel package. Just wanted to know if the following is a good deal or not. BTW it's a lease

Msrp: $37,200

Lease payments: $429/month (figure includes tax)
Due at inception: $1500
Term: 42 months
Mileage: 15K miles per year

 

why not just buy it? $150-$200 more for the next five years...

 

leasing a car, especially one that holds its value so well, would be a dumb move. For me at least.

 

there are other factors too to determine if leasing is good or not. It's good for some people.

Plug your stuff into www.leasecompare.com to see if you got a good deal. Also, post the price you are getting (w/o the financing.) so we can see how much over invoice.

 

actually, its the oppsite, higher the resale value, higher the residual, so leasing a car with higher resale vaule is better than lease one with lower resale value... and on top of that, no one can guarantee resale value of G will stay up next couple of years, when the leased car start returning from the 03's lease the lots will be flooded with them in about 12~18 months.

 

It seems good to me if you like renting a car from a dealership and throwing your money down the toilet. Go for it. At least finance the thing over 5 years so you can have some equity in it. I just dont understand why people lease their rides (oh excuse me its not theirs) and especially putting money down at inception, blows me away. What a waste. I look at it this way if you have to lease its another way of saying I cant really afford this car so I need a lower monthly payment. I dont want to hear the excuse well after three years Im going to get another one, why would you get a G and keep it for only three years,lol.

 

If he is changing cars every3-5 years, I think leasing is good especially if he owns a business and get some tax benefits. because if you are buy a car, and 3 years down the road, u want to change a car. you will ending spending more money

 

Depends on what state you are in, but there are lots of incentives going on right now. I had mine month ago with sticker price for $40,000 and bargained it all the way to 35K. Ended up with $480/month including tax and 15k/year just like ur deal. Plus I had a $2000 negative equity on my trade as well. Seems like a fair deal but keep working see if u can squeeze some more bucks.

Forgive me if I offend anyone, but people need to pull their heads out of their asses before making stupid comments about leasing before knowing pros/cons behind it. People have different situations in life so leasing fit for some people, but not for everyone. Just my 2cents.

 

+1...3~5 year below - lease prolly.
personally tho, i buy em...never leased. (well never sold any of my cars anyways!)
good luck man.

 

I only paid 34,500 for my 2005 6mt with premium package and full aero kit
in January of this year. I think that price is way high even if it has a nav package

 

Um how much is an 06? Aren't they bout the same price as what you posted?

 

I bought a '06 fully loaded 6spd coupe for 38,500. So yeah, talk him down... a lot. They wanted 40,500 and I got 2k knocked off of an '06 that hadn't even been off the truck for 24 hours. They can offer you much better, you just have to be a rock about your price.

 

Im in the same boat as "The Kid". My local dealership only had 1 05 6mt and it wasn't to my liking.
Ended up with a 06 Fully loaded.
MSRP 40680. Price - 38500.
Residual - 57%. Money Factor .00219 (I thought this could be a little better since my credit score is well over 700), Monthly payment - 526 a month...
Total due at signing - 2995 (includes acquisition fee, NY State Sales Tax, First Month Payment, Tags and Fees, etc...)

Thought it was a decent deal...

-Evangelo2

 

Well not excatly throw the money down to toilet...Assume he get that car for 34k, plus 3k for tax and DMV's to finance it over 5 years at 5% it will be 700/mo, now thats 270 more than if he leased, times that to 42 is 11340 plus 700 for 18 more months is 12600, add those togother is 23940, if the redisual on that car is 50% of MSRP which is 18600, so to finance or purchase it, it would cost him 5340 more...that will more than cover the interest to finance the residual if he so choice to, which is only 1400 at 5% for 3 years.

BTW, I am at my second G in less than 3 years.

 

You have many suppositions in your example that may or may not be true. Let's make this simple. I'll provide two examples: one for the G that I presently own and one for the M3 that I use to own.

I paid a tad over $34K for my G35C and I will sell it in three years and I'll be surprised if I don't get at least $25K for the car. I average around 8K a year on my cars and I keep them in perfect condition. So if my forecast is on target the G will cost me $3K a year or $250 a month.

I bought an M3 in '02 for around $53K and sold it 30 months later for $45K. No speculation on this example. So 30 months and 19K miles of driving an M3 cost me $8K or less than $270 a month.

Please help me to understand how leasing is less expensive. I use my cars at least partially for business purposes so I am able to deprecitae them on Federal and State Income taxes. Also, I would never buy a car that doesn't hold its value well. The M is about the best in that regard and the G isn't too far behind. For example I would never buy a car like an S4 because it depreciates so much.