In Minnesota your debts such as car payments and credit cards are subtracted from your monthly income to determine how large of a mortgage you could qualify for.

 

Those cars aren't 3 years old.

 

All I know is I've owned 2 cars, and when I went to sell them, both of them I end up loosing money. I would have done much better if I leased them. I understand if I keep them for more than 4,5 yrs, it'll be differnet.

 

Now this is a great deal! Is this with the $1,000 dealer incentive? Excellent!

 

Mule, the $1,000 incentive is for purchase only. The lease incentive is a low money factor (.0014). So I basically double-dipped by taking advantage of the fact that there is a HUGE surplus of sedans in the Los Angeles area. Just goes to show you the lengths the dealership will go to make room for the M or the '06 G35s.

 

Cool deal! I sometimes wish I'd waited until the 2006's announcement, but my previous car was on its way out, so my hand was forced. ($2,000 for a new transmission for < 1 year of ownership? I dun think so ). Besides, at that point, I may as well wait another 6-12 months for the 2007... but the 2007 will be a 1st rev of a new design, so I'd want to wait for another year to get all the kinks shaken out... and so on. I found myself using that sort of logic earlier to justify waiting on buying a High-Def TV instead of just getting one back in July during the 4th of July sales. Now I'm waiting for the Holiday sales and so on.

The age-old lease vs. loan debate seems to be a wash to me, because at certain points in time either option can be better or worse for you, depending on many things. This'll be my car for a good 10 years or so, until I get the 2015 M (or the 2016 if they redesign ). I just hope the gizmos in my '05 like the iKey last that long.

~ Mike

 

Exactly. I was ignorant on leasing until I learned more about it. There are some big advantages to it on certain cars. The more options for the buyer the better. Dealers like leasing because it's easier to get you back in their showroom, not because they make gobs more cash.

Here's a great link...
LeaseGuide.com

The end.

 

2003 G35 was introduced in March of 2002. That makes all 03 G35s 3 to 3.5 years old

 

Does anyone know if this incentive is still available? I was quoted a money factor of .0021. It was the first quote I got so I'm wondering if I can haggle that down or if that's just what the current money factor is. Thanks in advance.

 

2005 G35 Sedan 5AT - Prem Pack B, Sport Pack., Splash Guards, Trunk Mat, Sirius Sat. Radio
MSRP of $37,310
$250 Drive off - included tax, title, License, Bank Fee, AND 1st months payment
35 additional payments of $539 per month including tax
18K per year