Am I Getting Ripped Off...
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Am I Getting Ripped Off...
Hey,
So my Black on Black G35 Coupe 6MT comes in tomorrow, and I was so freaking excited about getting it, but then I threw up when I found out the lease price. The car is the G35 Coupe 6MT, Black on Black, Premium Package, DVD Navigation, and Aero Package (fully loaded to the rim). The MSRP is like $37,500. Now based on $0 down (aside from inception fees), 36 months, tax included, 12K miles per year, they want $687 per month for the lease. I think this price is insanely high, so I think I'm going to have to pass, even though it's going to kill me. The Ramsey Infiniti dealership is not budging on this price and they said I have until 3PM tomorrow to decide, then they will sell the car. Is there anything I can do to lower the price? I mean, I am even going through an Auto Purchase Consultant Company so they would get me the absolute lowest price and I am completely shocked at this price. For $687 per month, I can easily lease the BMW that they say is $7K more!!<P ID="edit"><FONT class="small"><EM>Edited by MrElussive on 08/07/03 07:52 PM.</EM></FONT></P>
So my Black on Black G35 Coupe 6MT comes in tomorrow, and I was so freaking excited about getting it, but then I threw up when I found out the lease price. The car is the G35 Coupe 6MT, Black on Black, Premium Package, DVD Navigation, and Aero Package (fully loaded to the rim). The MSRP is like $37,500. Now based on $0 down (aside from inception fees), 36 months, tax included, 12K miles per year, they want $687 per month for the lease. I think this price is insanely high, so I think I'm going to have to pass, even though it's going to kill me. The Ramsey Infiniti dealership is not budging on this price and they said I have until 3PM tomorrow to decide, then they will sell the car. Is there anything I can do to lower the price? I mean, I am even going through an Auto Purchase Consultant Company so they would get me the absolute lowest price and I am completely shocked at this price. For $687 per month, I can easily lease the BMW that they say is $7K more!!<P ID="edit"><FONT class="small"><EM>Edited by MrElussive on 08/07/03 07:52 PM.</EM></FONT></P>
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Re: Am I Getting Ripped Off...
I don't think you can get any car that's $7,000 more, with same terms, for the same monthly payment.
I would suggest a couple of things:
1) Get rid of the NAV - that should save you about $70/month on the lease payment
2) Get a lower mileage. You can get 10,000 miles/year, that's what I got. That will save you about $40/month.
Then you'll be very close to what I am paying, with zero down (cap cost reduction).
And don't think that you get a more expensive BMW for the same rate. Even if it's the same, you should look at the residual value, which will be lower on the G than a car that's $7,000 more. I suggest you compare apples to apples. Look at all the terms of agreement, not just the monthly payment.
Good luck man.
P.S. I'd be happy with less G drivers on the road, but I had to give you some tips.
I would suggest a couple of things:
1) Get rid of the NAV - that should save you about $70/month on the lease payment
2) Get a lower mileage. You can get 10,000 miles/year, that's what I got. That will save you about $40/month.
Then you'll be very close to what I am paying, with zero down (cap cost reduction).
And don't think that you get a more expensive BMW for the same rate. Even if it's the same, you should look at the residual value, which will be lower on the G than a car that's $7,000 more. I suggest you compare apples to apples. Look at all the terms of agreement, not just the monthly payment.
Good luck man.
P.S. I'd be happy with less G drivers on the road, but I had to give you some tips.
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Re: Am I Getting Ripped Off...
"I don't think you can get any car that's $7,000 more, with same terms, for the same monthly payment."
err...have you seen bmw lease rates? they practically give them away. it's cheaper to lease a 45k msrp bmw (tax, etc. all included) than it is to lease a 37k msrp g35.
attribute it to low residuals and high money factors.
err...have you seen bmw lease rates? they practically give them away. it's cheaper to lease a 45k msrp bmw (tax, etc. all included) than it is to lease a 37k msrp g35.
attribute it to low residuals and high money factors.
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Re: Am I Getting Ripped Off...
Exactly...I am going to call them up once more tomorrow and give them one more chance by offering them $580/month. If they still say no, than I'm moving to another car (and that means Ramsey Infiniti in NJ has an available fully-loaded Black on Black G35 Coupe 6MT to whoever is interested). I love the G35 Coupe, but I refuse to be ripped off...
<P ID="edit"><FONT class="small"><EM>Edited by MrElussive on 08/07/03 09:04 PM.</EM></FONT></P>
<P ID="edit"><FONT class="small"><EM>Edited by MrElussive on 08/07/03 09:04 PM.</EM></FONT></P>
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Re: Am I Getting Ripped Off...
Show me a BMW that's $7,000 more expensive and a $540 montly payment for 39 months, with a $19,000 residual value? One of those numbers will definitely be higher, and that was my point, in case you missed it.
MrEllusive, do the math, and if the entire figure doesn't come out right go to another dealer. I am pretty confident that when you look at all numbers the figures will be right and make sense. As I mentioned, my fully loaded G coupe without the NAV is $540/month for 39 month with zero down.
MrEllusive, do the math, and if the entire figure doesn't come out right go to another dealer. I am pretty confident that when you look at all numbers the figures will be right and make sense. As I mentioned, my fully loaded G coupe without the NAV is $540/month for 39 month with zero down.
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From: Austin, TX
Re: Am I Getting Ripped Off...
If the only reason you're not getting the BMW is price, get the BMW. The total cost of ownership between these cars is pretty much equal (factoring resale and maintenance), so don't let price stop you from getting a Bimmer if that's what you want.
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Re: Am I Getting Ripped Off...
I hate when dealers try to negotiate about monthly payments.... always negotiate on the selling price because everything is deduced from there. Try this site for more info:
http://www.beatthecarsalesman.com/
You can calculate the montly payments yourself if you have all the info. namely:
1) Selling price
2) Buyout (Changes with when in a year you buy your car, i.e. right now its low, since 2004 models are going to be coming out soon.... remember for a lease you want it as high as possible).
3) lease interest rate
4) federal, provincial/state taxes
5) Lease term
6) down payment
The above info. will give you a rough idea about your montly payments, with the items below you can find out about your exact payments!
5) Freight, PDI, gas/air tax, administrative costs, security deposit
6) finder's fee (just kidding!)
Remember the less the number of miles you agree (on driving during the term) when signing the lease the more is the residual and hence less monthly payment. Try this online lease claculator, I was only able to find this one, but there are numerous out on the web, and you can even download free software that'll do the job for you..
http://www.insidethecardeal.com/Jay_...calculator.htm
I don't know about US, but here in Canada as far as I'm concerned I'd not take a 2003 model since the residuals are pretty low. Is this is one way of Infinti acknowledging that a 2003 car is not worth what it was a year ago?....atleast I'd try this line while negotiating with the dealer if I'm buying 2003......
http://www.beatthecarsalesman.com/
You can calculate the montly payments yourself if you have all the info. namely:
1) Selling price
2) Buyout (Changes with when in a year you buy your car, i.e. right now its low, since 2004 models are going to be coming out soon.... remember for a lease you want it as high as possible).
3) lease interest rate
4) federal, provincial/state taxes
5) Lease term
6) down payment
The above info. will give you a rough idea about your montly payments, with the items below you can find out about your exact payments!
5) Freight, PDI, gas/air tax, administrative costs, security deposit
6) finder's fee (just kidding!)
Remember the less the number of miles you agree (on driving during the term) when signing the lease the more is the residual and hence less monthly payment. Try this online lease claculator, I was only able to find this one, but there are numerous out on the web, and you can even download free software that'll do the job for you..
http://www.insidethecardeal.com/Jay_...calculator.htm
I don't know about US, but here in Canada as far as I'm concerned I'd not take a 2003 model since the residuals are pretty low. Is this is one way of Infinti acknowledging that a 2003 car is not worth what it was a year ago?....atleast I'd try this line while negotiating with the dealer if I'm buying 2003......
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From: Mishigan
Re: Am I Getting Ripped Off...
sorry to hear that, tell them you want to buy the car and have them run some figures... fully loaded coupe should come out to around 750/mo. 60mo. 0 down
you should just calculate how much you will be paying vs. total price of the car to see what the residual is going to be after 3 yrs, then see if its worth it or not
im not a big fan of leasing by the way. [img]/w3timages/icons/smile.gif[/img]
perhaps you can try a different dealership?
<font color=green>-Rambo</font color=green>
G35c 6MT DG/Willow/HyperGround/BorlaExhaust
you should just calculate how much you will be paying vs. total price of the car to see what the residual is going to be after 3 yrs, then see if its worth it or not
im not a big fan of leasing by the way. [img]/w3timages/icons/smile.gif[/img]
perhaps you can try a different dealership?
<font color=green>-Rambo</font color=green>
G35c 6MT DG/Willow/HyperGround/BorlaExhaust
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From: Oregon
Re: Am I Getting Ripped Off...
Why not BUY the car? 2 grand down, 60 months @ 5.75%, and you're paying $682 a month. 5 grand down, and it's $625/mo. Then, maybe 3 years out, with the car worth maybe $18K to $20K, and you've only got $14K left to pay on it, you can sell it if you want.
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Re: Am I Getting Ripped Off...
Thanks for the update, guys. I am taking everything into consideration, but in the end, I think leasing is more beneficial to me (even though it is more expensive). My G35 Coupe is $37,500. For $0 down, 39 months, 12K miles per year and taxes included, they want $653/month. At my local BMW dealership, for a 2004 330Ci they have on the lot for $43,470 based on the same lease terms, they are offering it to me for $611/month. The BMW is exactly $6,000 more but $40 per month cheaper to lease. I put my deposit down on the G35 Coupe a month ago because that is what I wanted...I only found out the extroardinary lease price of the G35 Coupe yesterday. Why I did not settle or find out lease prices on the G35C until now is beyond me (I guess I was so damn excited I completely forgot, as I also have to settle other things with this deal). zorro, you seem to have gotten a good deal on your G35C. I checked out the 330Ci just for reference purposes only as the G35C and 330Ci are competitors of each other. I am going to tell Ramsey Infiniti to f*ck off because their lease price is just AWFUL...it will be extremely hard because I have been waiting for this G35C for a month and I was really looking forward to whipping it around this week-end. =(
Basically, I have concluded that the lease price is insane. The car is exactly what I want and how I want it...it's the dealership's price that is off, not my expectations. I am going to say no to that dealership and my search for a Black on Black G35C 6MT loaded will continue as I absolutely refuse to be ripped off by some jerk-off dealership.
Basically, I have concluded that the lease price is insane. The car is exactly what I want and how I want it...it's the dealership's price that is off, not my expectations. I am going to say no to that dealership and my search for a Black on Black G35C 6MT loaded will continue as I absolutely refuse to be ripped off by some jerk-off dealership.
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Re: Am I Getting Ripped Off...
Dealers often put a low residual value on first year models. But I highly doubt that the Infiniti G35C will depreciate that much in 39 months to charge such a high lease rate. Just my $.02.
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Re: Am I Getting Ripped Off...
"Show me a BMW that's $7,000 more expensive and a $540 montly payment for 39 months, with a $19,000 residual value?"
one, no bmw would ever have that low of a residual, second, if you live in the nyc area, look in the weekend newspapers, i always see ads for 500/month leases for 330s.
one, no bmw would ever have that low of a residual, second, if you live in the nyc area, look in the weekend newspapers, i always see ads for 500/month leases for 330s.
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Re: Am I Getting Ripped Off...
Only think you have to ask is - Can you Say That you are 100% Positive you will return the car @ the end of lease ( not a month earlier or later)..
If that is true - then the only things that matter on the lease are the upfront $, monthly payment, and mileage...
BMW leases have a really really high residual value. That is how they can do the price. If you are considering keeping the car any longer than that - you will end up owing much more on the car at the end w/ the BMW than the Infiniti -
As for getting out of the lease early - you will almost for sure always be "under water" or owe more than it is worth.
G35 Coupe / Premium / Nav
Ivory Pearl / Willow Leather
SSR GT3 19"s w/ Bridgestone SO-3
If that is true - then the only things that matter on the lease are the upfront $, monthly payment, and mileage...
BMW leases have a really really high residual value. That is how they can do the price. If you are considering keeping the car any longer than that - you will end up owing much more on the car at the end w/ the BMW than the Infiniti -
As for getting out of the lease early - you will almost for sure always be "under water" or owe more than it is worth.
G35 Coupe / Premium / Nav
Ivory Pearl / Willow Leather
SSR GT3 19"s w/ Bridgestone SO-3