I finally took advantage of the 12 month lease deal on the 06 coupes, and got a blk/blk premium/aero/rear active steer package for the 2006 model. I traded in my 046MT blk/tan aero/K&N Typhoon CAI with no premium or any other options.

The deal: they gave me $23500 for my car (few dings, two curb rashed wheels, cracked reverse light housing) with only 24k miles on it. I listed it on auto trader for 26500 obo, and not too many bites. They first offered me $21500 for it and I almost laughed and was ready to walk out. But it was month end and they really wanted to move these cars so I squeezed another 2k out of them.

The new car had sticker of $39,240 and with my VPP it was knocked down to $36,180. I gave them $1275 down (incl 1st month payment) and $450/mo (incl tax) and 12k mi/yr. Not bad for 1 yr lease on a near 40k car, but i still feel kinda uneasy about it. I had my car listed online for 2 weeks and am still wondering if I could have gotten more for my car.

Second, after going str8 from my 04 with CAI to the 06 stock, it felt much weaker. Granted the car only has 12 miles on it, I can already notice the difference in the low end torque. I haven't taken it past 4k rpms yet and I dont plan to for a while, but just wondering if anyone else thinks that the 03/04 feel fastet than 05/06. I also miss the brake feel of the Brembos, but the rear active steer is pretty cool. Sorry for long post.

 

That payment seems a bit high. I just leased a 06 coupe, Auto, w/ premium/tire&wheel/xm/splash/trunk mat (MSRP $39,940) for $366/mo (inlcudes 7.75% tax) for 12mo/12k. Selling price was $36,000 (not VPP pricing, just internet pricing), with MF 0.00149, Residual 83%, and total drive-off of $1314 (includes 1st month payment).

 

the payment isnt bad at all....the dealer made a little profit but seriosly not alot at all...they didnt lose money, your happy with your payment...everyones happy.
good luck enjoy your car.

 

mrtrance - where are you located? I'm just curious what dealership you got that deal from cause it almost sounds too good to be true. There is only one infiniti dealership in metro detroit and the other place i checked out was in Ft. Wayne, IN which is where i bought my 04. They were gonna give me deal for around $447/mo. and thats the lowest I've heard around here.

 

Congratz man.!! Enjoy.

 

Its a lease, floor it! Unless you plan on buying at the end of the lease.

 

I'm in SoCal. I got quotes raninging from $510/mo to my deal of $366/mo for the same car w/ options. I contacted like 10 dealerships w/in a 75 mile radius. It just goes to show that you need to shop around to find a great deal. I'm enjoying my ride so much.

 

Not that I'm doubting you, but out of curiosity, was a trade involved?

Rough numbers - 83% residual for $36,000 equates to $6,100. No doubt you got a fantastic money factor subsidized by Infiniti, but on a $1,300 drive-off that includes 1st month's payment I don't see much room to apply any form of cap reduction/down payment considering the likelihood you also paid acquisition fees.

Somebody spot check my math, but depreciation portion alone on $6K for 12 mos equates to $500. Add in your 3.6% interest (on $36K) + 7.75% tax and you should be looking at payments closer to $650 per month.

Either you had ~$3,500 worth of equity on a trade or you benefitted from somebody's royal screw-up...in which case, congratulations - a bloody good deal!

 

^^ i dont think anyones gettin screwed over. only way infiniti loses money if they sell the car for less then they truly paid for the car to be built which i think is prob no more then 10-20k so no ones really losing. Their just not getting as much.

 

Put it this way..If the dealership sold you the car, then they made something on it..nobody get's a car for invoice or even lower unless you know someone who works inside. I love when I hear people say they got the deal of the century and paid less then "invoice"..no you didn't...If that was so, they wouldn't have sold you the car..You think there actually gonna lose money to make you happy?...Invoice maybe, at the end of the month, but you better hope they NEED to move units...Again, unless you know someone who works there, or if the car was a lemon and has some inperfections on the car, like a bunch of mile's.. or maybe a dealer trade...

 

Here's the breakdown on the 12mo/12k lease program:

MSRP: 39,940 x 83% = 33150
Selling Price: 36,000 Invoice: 36,474
So..then 36,000-33,150 = 2850/12 = $238 for the rent charge
Then...(36,000+33150) * 0.00149 MF = $103 Finance charge
So then...($238+$103)*7.75% = $367...

That's how the lease payments are calculated...so it's pretty much right on the money on the monthly payments...I was getting invoice price from several dealers w/o any problems...one had it $300 below right off the bat...so it's not too far off from some of my other dealers...competition is fierce here in SoCal so dealers will try to get your business one way or another..besides it was the last weekend of the month so it was a good time to get one...car only had 30 miles on it..it was delivered straight to this dealership since that's what the window sticker had it..no trades...I didn't know anyone at the dealership at all...just shopped around until I got a price I wanted...simple as that.....By the way...there was no trade involved...

 

You know, you are absolutely right! Residual is calculated off MSRP, not selling price - my boo boo.

It's somewhat counter-intuitive, though, because if you ran the scenario for 24 mos @ 70% (think that's close to a typcial residual for a 2 yr lease by IFS) your rent for depreciation would actually be $100 higher. The MF is so low that the difference in finance cost is almost negligible.

Generally I see lease rates decrease with a longer term, but in this case the percentages really worked in your favor.

Need to remember this next time I'm in the market to lease a second car...

Again, congratulations on a terrific deal!

 

I did the same thing and feel the same way. The 06 is much softer than the 04. I think the took alot of the edge out of the car in 05. I'm still not sure I like it yet. Oh well at least its only a year lease.

 

^I agree that it feels softer, but the ride is much nicer, surprising for going from 18'' to 19'' wheels, and it feels much more refined. That is good and bad, but like you said only 12 month lease and I still love the car. IMO best looking coupe in the road.

As for the lease deal, I live in metro Detroit where there is only 1 Infiniti delearship, and the next closest I could deal with was in Ft. Wayne, Indiana which is about a 2.5 hour drive. I definitely agree that soCal is the best place to buy a car, cuz there are delearships on every corner. They got me by the ***** here. I usually don't feel I'm getting the best deal until the salesman is pissed off that he agreed to my terms. I like to bargain more than an Arab trader.