Am I Getting Ripped Off...
Re: Am I Getting Ripped Off...
find out the money factor.
multiply by 2400, that'll tell you interest rate.
bmw might currently have lower interest rate, and therefore lower payment.
also the residuals on first year cars are pretty hard to determine. if you feel it is low, lease, then buy or sell the car at end.
multiply by 2400, that'll tell you interest rate.
bmw might currently have lower interest rate, and therefore lower payment.
also the residuals on first year cars are pretty hard to determine. if you feel it is low, lease, then buy or sell the car at end.
Re: Am I Getting Ripped Off...
also, if you don't have to, when leasing, try not to put ANY money down. if car is stolen or totaled, gap insurance covers the depreciation and book value difference, but your deposit/cap cost reduction is lost.
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Re: Am I Getting Ripped Off...
The car came in today. They still wanted $653 per month for 39 months, so I just told them no. I am now looking for a BMW 330Ci Coupe or 330i Sedan, or perhaps an Audi A4 3.0. I just cannot justify paying $653 per month for a $37,500 vehicle.
Re: Am I Getting Ripped Off...
Damn man you're getting BURNED BY THE DEALERSHIP!!!!!!
They are ripping you a new hole man.. Hell just buy the damn car and your payments will be lower and you don't have to worry about any of that lease crap... And if you don't want the car in 3 or so years trade it in!!! Sheesh that is TOO MUCH MONEY for a Coupe... I pay 500 bucks a month and I'm BUYING IT... and my ride is fully loaded...
2003.5 White Pearl G35 Sports Coupe
They are ripping you a new hole man.. Hell just buy the damn car and your payments will be lower and you don't have to worry about any of that lease crap... And if you don't want the car in 3 or so years trade it in!!! Sheesh that is TOO MUCH MONEY for a Coupe... I pay 500 bucks a month and I'm BUYING IT... and my ride is fully loaded...
2003.5 White Pearl G35 Sports Coupe
Re: Am I Getting Ripped Off...
You cannot negotiate on a car that they are only making 10,000 a year. Supply and demand. You get what you pay for. That car will be gone 10 minutes after you tell them no. Perhaps you should look at a cheaper car? - you obviously cant afford it. Why wouldnt you get the details before you order it? Youi gotta pay to drive the car of the year....
Re: Am I Getting Ripped Off...
MrElussive,
If Infiniti sold this car for $44K would it be worth it to you. You're talking about a lease. Step back for a second and realize you are not going into a lease to buy that car at the end. Sure the Bmw 330 is a great lease if you look at the $44K sticker. But do we all think that the 330 is worth $44K , Hell no.... Do I think the G35C is worth 44K, no... But look at the 330ci, is that what you want? Don't get me wrong, I love Bmw and the 3 series model, but it can't touch this car, IMHO. Get what you want, I know you feel like you're getting screwed, but it's a first year release, and they don't really know what the resale vaule is going to be on this car. Like I said never settle, get what you want...
If Infiniti sold this car for $44K would it be worth it to you. You're talking about a lease. Step back for a second and realize you are not going into a lease to buy that car at the end. Sure the Bmw 330 is a great lease if you look at the $44K sticker. But do we all think that the 330 is worth $44K , Hell no.... Do I think the G35C is worth 44K, no... But look at the 330ci, is that what you want? Don't get me wrong, I love Bmw and the 3 series model, but it can't touch this car, IMHO. Get what you want, I know you feel like you're getting screwed, but it's a first year release, and they don't really know what the resale vaule is going to be on this car. Like I said never settle, get what you want...
Re: Am I Getting Ripped Off...
Why don't you just buy it? Sheesh...
You would probably get a better deal on a BMW 330Ci Coupe or 330i Sedan.... Since I see more BMW 330Ci Coupe's and 330i Sedan's on the road then Honda Civics now...lol..... good luck, but damn your Infiniti Dealer sound like ****** ESPECIALLY if they won't budge...
2003.5 White Pearl G35 Sports Coupe
You would probably get a better deal on a BMW 330Ci Coupe or 330i Sedan.... Since I see more BMW 330Ci Coupe's and 330i Sedan's on the road then Honda Civics now...lol..... good luck, but damn your Infiniti Dealer sound like ****** ESPECIALLY if they won't budge...
2003.5 White Pearl G35 Sports Coupe
Re: Am I Getting Ripped Off...
read article where the automotive industry is no longer pushing leasing. they are pushing buys. % of cars leased is dropping.
if G has low residual, lease then in 3 years, sell it yourself and pocket the diff.
if G has low residual, lease then in 3 years, sell it yourself and pocket the diff.
Re: Am I Getting Ripped Off...
MrElussive,
It sounds to me like you weren't into the G to begin with. Just because Ramsey didn't give you a good deal on a lease, you are going towards a 330? Well, good luck in your hunt for a 330. As I've told you, I got mine from Ray Catena, and I've told you the terms of my agreement. Call them and ask for Diana, she will find you a black on black, and you will get a lower lease rate. If you are ready to walk away from a G35 coupe, because a crazy dealer didn't give you a reasonable rate, you SHOULD go get the 330. Nothing against you bro, just want you to make the right decision. Good luck in whichever car you get.
G35 Coupe. Diamond Graphite, Graphite, Premium and wheel and Tire package. Zaino Baby.
It sounds to me like you weren't into the G to begin with. Just because Ramsey didn't give you a good deal on a lease, you are going towards a 330? Well, good luck in your hunt for a 330. As I've told you, I got mine from Ray Catena, and I've told you the terms of my agreement. Call them and ask for Diana, she will find you a black on black, and you will get a lower lease rate. If you are ready to walk away from a G35 coupe, because a crazy dealer didn't give you a reasonable rate, you SHOULD go get the 330. Nothing against you bro, just want you to make the right decision. Good luck in whichever car you get.
G35 Coupe. Diamond Graphite, Graphite, Premium and wheel and Tire package. Zaino Baby.
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Re: Am I Getting Ripped Off...
The dealership called me back after I told them I didn't want it at that insane lease price. They called me back and said they could do $630/month for 39 months. I think it's still a huge rip-off, but I want this car so badly and I have been waiting a month for it, so I said okay. Tomorrow I'm going to hopefully finalize everything and I will be able to pickup my new car on Monday. =)
I thought about the BMW 330Ci, and I actually started looking for it (I figure it's the next best thing to the G35C), but I really had my heart set on G35C. It was something I have been waiting for and wanting very badly for a whole month...I just do not feel that way about the BMW as it is just "an alternative". When I pickup my car (hopefully), the frustration of the high lease payment should very quickly go away. I'll let you guys know what happened as soon as I am done with the dealership tomorrow. Hopefully you guys will be happy for me, rather than saying "I prefer less G drivers on the road."...idiots.
<P ID="edit"><FONT class="small"><EM>Edited by MrElussive on 08/08/03 11:14 PM.</EM></FONT></P>
I thought about the BMW 330Ci, and I actually started looking for it (I figure it's the next best thing to the G35C), but I really had my heart set on G35C. It was something I have been waiting for and wanting very badly for a whole month...I just do not feel that way about the BMW as it is just "an alternative". When I pickup my car (hopefully), the frustration of the high lease payment should very quickly go away. I'll let you guys know what happened as soon as I am done with the dealership tomorrow. Hopefully you guys will be happy for me, rather than saying "I prefer less G drivers on the road."...idiots.
<P ID="edit"><FONT class="small"><EM>Edited by MrElussive on 08/08/03 11:14 PM.</EM></FONT></P>
Re: Am I Getting Ripped Off...
<blockquote><font class="small">In reply to:</font><hr>
Hopefully you guys will be happy for me, rather than saying "I prefer less G drivers on the road."...idiots.
<hr></blockquote>
I'll be cheering you on, MrE, and I know you'll love the car. Trust me. Aside from the exterior color it's identical to mine.
I bought mine from Ramsey and had an excellent experience. I never considered leasing, but got a $500 discount and an APR of 3.9% for 60 months with a $9500 trade in on my '95 BMW 325is (only $125 less than the KBB said it should be considering mileage, options and "excellent" condition, even though it did have a few door dings and many chips and scratches). My monthly payments are $543. I'm guessing residual value after the 60 months might be around $15-17K.
The best reason I can imagine why the lease payments are so skewed vs the 330ci is that currently, newer BMWs have ridiculously high resale values. Check out the prices on 1-3 year old "certified pre-owned" 3 series BMWs for a real shocker. Traditionally, Infinitis have rather poor resale (as far as I know, anyway). I think over time the G35 coupe will hold its value much better than other Infinitis have, but it's just my guess, and banks at this point, understandably, probably aren't willing to..uh..."bank" on that. So there's the crazy lease disparity you find...
It's also possible that demand for the 6MT coupes has actually increased. I've heard stories of supply problems with the 18" wheels recently, putting a crimp on 6MT coupe availability. Maybe if I had to do it again now I wouldn't get the same deal.
It is a good reason to consider buying the car though, even if you only keep it for the same 39 months. I haven't done the (estimated) math, but I wouldn't be surprised if the actual resale value, recouped after 39 months, makes buying the car a lot cheaper than leasing it. It might be worth looking into, although there is some "crystal ball gazing" in it of course.
Whatever you decide though, you'll have a sensational car that will put a grin on your face you will not be able to wipe off for a long time. Enjoy!
Hopefully you guys will be happy for me, rather than saying "I prefer less G drivers on the road."...idiots.
<hr></blockquote>
I'll be cheering you on, MrE, and I know you'll love the car. Trust me. Aside from the exterior color it's identical to mine.
I bought mine from Ramsey and had an excellent experience. I never considered leasing, but got a $500 discount and an APR of 3.9% for 60 months with a $9500 trade in on my '95 BMW 325is (only $125 less than the KBB said it should be considering mileage, options and "excellent" condition, even though it did have a few door dings and many chips and scratches). My monthly payments are $543. I'm guessing residual value after the 60 months might be around $15-17K.
The best reason I can imagine why the lease payments are so skewed vs the 330ci is that currently, newer BMWs have ridiculously high resale values. Check out the prices on 1-3 year old "certified pre-owned" 3 series BMWs for a real shocker. Traditionally, Infinitis have rather poor resale (as far as I know, anyway). I think over time the G35 coupe will hold its value much better than other Infinitis have, but it's just my guess, and banks at this point, understandably, probably aren't willing to..uh..."bank" on that. So there's the crazy lease disparity you find...
It's also possible that demand for the 6MT coupes has actually increased. I've heard stories of supply problems with the 18" wheels recently, putting a crimp on 6MT coupe availability. Maybe if I had to do it again now I wouldn't get the same deal.
It is a good reason to consider buying the car though, even if you only keep it for the same 39 months. I haven't done the (estimated) math, but I wouldn't be surprised if the actual resale value, recouped after 39 months, makes buying the car a lot cheaper than leasing it. It might be worth looking into, although there is some "crystal ball gazing" in it of course.
Whatever you decide though, you'll have a sensational car that will put a grin on your face you will not be able to wipe off for a long time. Enjoy!
Re: Am I Getting Ripped Off...
<blockquote><font class="small">In reply to:</font><hr>
Why not BUY the car? 2 grand down, 60 months @ 5.75%, and you're paying $682 a month.
<hr></blockquote>
5.75% APR? WTF? Have auto loan rates shot up again or something? I bought my coupe on June 6 and got a rate of 3.9% for 60 months with a $9500 trade. Admittedly my cred rating was great, but I never even heard any APR numbers mentioned above the mid 4's. Has all that changed?
Why not BUY the car? 2 grand down, 60 months @ 5.75%, and you're paying $682 a month.
<hr></blockquote>
5.75% APR? WTF? Have auto loan rates shot up again or something? I bought my coupe on June 6 and got a rate of 3.9% for 60 months with a $9500 trade. Admittedly my cred rating was great, but I never even heard any APR numbers mentioned above the mid 4's. Has all that changed?
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Re: Am I Getting Ripped Off...
Hey all,
I went to the dealership today and confirmed everything. They are buying my Jetta for $14,000 (and my Jetta buy-back, which is on a lease, is $17,366). I signed the paperwork and all that crap, so on Monday night, the salesman is going to deliver the car to my house in which I give him my Jetta + $3,366 (Jetta buy-back) + $630 (first month's payment) and I'm good to go! I can't freaking wait !!!!!!!!!!!!!!!
I went to the dealership today and confirmed everything. They are buying my Jetta for $14,000 (and my Jetta buy-back, which is on a lease, is $17,366). I signed the paperwork and all that crap, so on Monday night, the salesman is going to deliver the car to my house in which I give him my Jetta + $3,366 (Jetta buy-back) + $630 (first month's payment) and I'm good to go! I can't freaking wait !!!!!!!!!!!!!!!
Re: Am I Getting Ripped Off...
Wait, you are going with $630/month payment on a lease??? That's pretty high dude. Why don't you go to other dealers and figure out what they will offer you. It's sounds too much, unless you are financing your outstanding Jetta payments through the G, which doesn't make sense at all.
G35 Coupe. Diamond Graphite, Graphite, Premium and wheel and Tire package. Zaino Baby.
G35 Coupe. Diamond Graphite, Graphite, Premium and wheel and Tire package. Zaino Baby.


