i know most of you bought it but im probably going to lease it, anyone mind sharing their numbers?
down payment/monthly payments

thanks a bunch, im going to the dealer this week so i want to know what to bargain for

 

You negotiatate on the price of the car and not the monthly payments....

My payments are $530/mo + $110 insu (I financed and put $7k down 3.9%)

 

i think lease is cheaper then finance though right?

since with lease you are practically paying off 1/2 of the msrp over that time

 

You pay more in the long run when you lease a car, its really throwing money down the drain if you ask me. Its just like renting an apartment. I know its a depreciating asset but you own that depreciating asset not someone else. Thats why you should pay for cars in cash upfront. No offense intended just the truth.

 

I leased my G coupe. Based on info on this website, I went to leasecompare.com and had a lease all set up going to the dealership. They asked if they could have a shot at it, and it couldn't hurt so I said yes. Surprisingly, the dealership lease was better than leasecompare's!

I did a 36 month, 15K/yr lease. My initial payment was $2375, which covered down payment, tag/taxes/title and first month's payment. My monthly payments are $423 and all regularly scheduled maintenance (oil changes, etc) are free for as long as I have the car. This was on a 2005 5AT Coupe w/ Premium, Splash Guards and Trunk Mat (MSRP: $35,880 - my VPP Price: $33,129).

This was on good (not great) credit (just under 700 FICO score). If I were you, I'd go to leasecompare.com offer to put down $2k and run their numbers, then apply for one of their leases. Use that as leverage when you go to the dealership. Who knows? That may have helped me get approved for a better rate(?)

Hope this helps, good luck!
--Viral

 

3000 due on delivery.....498 monthly...taxes taken care of, first payment taken care of, and delivery taken care of.......10000 miles a year 39 months. 6mt coupe aero, body side molding, no nav, premium. this was an 04 end of year deal, got her 1/13/05. did i do well?

 

here are my lease nos.
its for a 2005 5AT with premium, sports, Aero, splash guards and trunk mat.

$0 Down
$1600 = Tax, titles, fees etc.
$457/month
for 27 months
12K miles per yr.
money factor of .002825 (approx. 5% apr)
MSRP = 38080, cost price = 35565
in addition i got only one free oil change.

good luck with the neg.

advice - if you are planning on leasing ... dont put anything down.

 

I'm leasing an '05 sedan, but wanted to hear people's thoughts on why they did certain things that they did.

I'm pretty sure in every state that does leasing, tax is figured on the PAYMENT of the car, not the total price of the car paid like it would be if you were financing. It's for a simple reason, you are not paying for the whole car, so why would you be taxed for it. Easy enough. Now, the people paying taxes up front, is the dealer figuring out the monthly tax then multiplying it by the total months of the lease to give you your tax figure?

The one thing about tax and leasing, is that it's the only time you get taxed on interest. That stinks!

Here's the reason why I don't think you should put anything down on a lease or pay your tax payment up front. If your car gets totaled (or stolen and not recovered), you LOSE all the money you put out up front. No one will cut you a check so you can go use it to help you buy a new car. Gap insurance will take care of anything owed on the car, and the LEASING company will write the car off, not you.

Like others have said, always negotiate the price of the car first. Don't put money down. Paying your first payment at the deal signing is NOT putting money down. Leases are paid in the beginning of the pay period, not the end like a finance, so that's why you pay your first payment at signing.

One last thing, coolnesh, a mf of .002825 is a 6.78% interest rate, no where near 5%. And for those that don't know, to figure out the interest rate from a given money factor, muliply the mf by 2400 to get the rate.

 

What was your residual %? Did you pay the tax, registration, and bank fees up front? Or is that price needed to be added to your cost price? The reason I'm asking is because I have no idea how you got $457 when I run the numbers on my leasing spreadsheet. So I'm just curious. Did Infiniti have an incentive going on when you bought the car that acted as a cap cost reduction?

You got a great deal! I just don't know how the numbers are working.

 

I got my deal thru www.autointel.com and then a local dealer matched it.
2005 G35 5AT coupe fully loaded (literally everything that you can get) sticker at about $40,500. I did a 39 month lease (the extra 3 months really helps the payment for some reason) with 15,000 miles per year, $1,000 at drive off and $570/month. The closest three others would get was $600/month. Good luck with yours.

 

Why do you guys lease your cars? Can I have some reasons that make you decide to do this.

 

Tax reasons. I work independently and I can write the lease off.

 

My lease:

36 months
15,000 miles a yr
$1500 down
$600 a month

fully loaded. nav//aero//premium//splash//performance//sirius...etc. ($39,000)

 

My residual was $27761 ... it was 71%.
I paid tax, registration fees, bank fees and my first month payment. which added upto $1630 (approx.)
Also, they didnt have any incentive. I just negotiated the deal in this manner.
Try running the numbers again, see if you can get close to my monthly payments, you should be able to.