Hi Everyone,

I am about to sign on a deal for a 2007 G35 Coupe with Premium Package. I am putting $1,000 down, which includes all fees and first month's payment. The total monthly is $485 (which includes 10% DC tax). It is a 39 month lease. This seems like a fair deal to me. I was just hoping for some confirmation.

Thanks.

Shawn

 

I think if you can wait a month or two you will get an even better deal. I leased a loaded '05 last March '06 and was able to put $1K down, including taxes, fees, payment, etc. and walk out the door with a $410 payment. The dealer really seemed anxious to get rid of the car.

 

I don't know if you are familiar with leasing or not, but here a few things to watch for in case you are new to this. I an NOT an expert, but have leased two cars.

1-Be careful of how many miles are allowed a year and what the charge is for extra miles (it adds up quickly).
2-What is the cost of the car if you want to buy it at the end of the lease (residual value)?
3-How much body damage do they allow?
4-How much has to be left on the tires and do they require a certain type of replacement?
5-Do you have gap insurance? If not, how much will it cost?
6-Where can you get it serviced?

I'm sure there are other things to watch for too.

I am not a big fan of leasing, partly because at the end you have nothing. Also, you are more or less forced to get a new car, or buy this one, at a certain point in time (ie when the lease is up), rather than decidng at 40 months or 45 months, for example. Leases tend to be more expensive in the long run than buying. Putting aftermarket stuff on the car can be a problem too.

Good luck!

 

The bank usually includes GAP insurance in the lease because it protects them since the thinking is that the car will never belong to the lessee.

At the end of the lease, if you want to purchase the car, the residual value can be negotiated.

Check Edmunds.com for any lease specials that the dealer may not be disclosing to you.

Leases are never that great unless you can write off the payments.

 

Did you decide what to do?

 

I signed the lease. I am very happy with the deal. I got a 36 month lease, $1000 (total out of pocket down--including first month's payment), $485 a month (including 10% DC tax), and 12K miles/year.

The car is great! I can't wait to install my iPod Kit!

Shawn

 

that sounds like a pretty good deal.

 

Enjoy the car!

 

thats a good deal mine is 40 dollars higher from you but i got nav,premium, and etc except spoiler. mine is 06. how much is your apr?, i wish i waited a couple of weeks and get my LR/IP coupe loaded.

 

Why would you want to spend nearly $500 a month on a lease???? My payment is less than that and I'm buying my car, granted I did put more down.

 

jesus. what a deal!!

 

It also depends on how much you bought the car for, how much was financed, and for how long?

 

I put 3 grand down and I bought one in 03 or 04 when the waiting list was 12 people long and my lease was still 545 p/mo