I am planning to trade in my 04 Acura TSX for G35 Sport with Premium and Nav Packages.

Is this a good deal : For 39 Months with $4500 down and 570/month 12K miles

 

Seems steep. Nothing down should yeild you about 610/mo.(incl avg sales tax of 6%) with spotless credit. Are you getting hosed on the trade?

 

May be i should talk to another dealer ... Thx

 

Yeah seems too much.. I dunno about the 07's but at least for an 06 you could get around 450/mo with 2000 down or so. New one shouldn't be that much more unless its because of 'availability and freshness' overpricing if you know what i mean..

 

$570 mo seems like a lot of pymt for a G35, but the downpayment really would make me say no to this deal. Maybe with zero down and keep the Acura. Not understanding how you give up the Acura and still pay 570, maybe we're not understanding something here, or you mean you're financing.

 

I agree with others....
That is just about the worst lease number I've seen for a G35.... HORRIBLE!!!!

If you're inexperienced with leases.. get Googling.
There's tons of info out there.
#1. avoid down payments

 

I don't know where you are with your TSX right now, but I am trading my 04 TSX in, $4500 down and my payments are $468/month for 60 months to OWN the car.

My G is AWD premium pack so they are probably close in price

 

Yea that payment is WAY too high. Put it this way. I leased my 05 auto with premium, sport, and aero packages for $460 a month for 39 months with absolutely nothing down. I would expect the 07 loaded to come in around $520 a month with maybe a grand down right now. I am waiting till they can match my current lease then I will buy an 07.

 

You seem to know alot so i thought id ask...
Would you expect lease rates to be alot higher for coupes say a year after they're release vs the sedan? Thanks in advance

 

The lease rate totally depends on the residual(includes the mileage allotted), money factor, and length of lease. The coupe generally has a better residual than the sedan but it is a hotter seller so they might not be as willing to give you a good money factor(equivalent of interest). I expect to start seeing some better lease deals on the sedan in December and then they should get really good in May when the demand for these cars starts to slow down. I am waiting to trade my 05 Sedan lease on an 07 lease when the money factor hits .0021, the residual hits 59%, for a 39 month lease(My payments will be around $470/month then). I expect that to happen between Feb and May of 07 which just so happens to be about the time when I will no longer will be upside down on my current lease. I will basically be able to give them my 05 for an 07 and keep almost the same payment without any money out of pocket. Waiting is hard but it will pay off in the end.

 

Hello,
I know what you mean with regards to waiting.

I've got a 41 month lease (it was 36 months, but a couple of months ago I realized that I needed a car for a few more months and just extended it by five months) which is at $410 per month. No money down and 15k per year. This was in Oct ’03 for a ’04 G35 6MT. It was a great deal. I know that I’m not going to get it again, but that’s fine. It was an error the first time around.

I had negotiated the entire deal over the phone and the day that I went to pick up the car I saw on the lease contract that they had written it up for 39 months and not 36 months (at the time I didn’t think I’d need it for 39 months). The car was sitting outside the dealership waiting for me to drive it off. I told them that if they don’t honor the agreement that we made on the phone, that I would walk away. After a little while they decided to lower the price of the car in order to make the numbers work. It was great. It won’t happen again though.

- SR

 

Heres my current situation: im on a 24 month lease on a base sedan which ends in june, my payments are 230(without tax) a month with 4k down and 10K miles a year.

Well lets say that I wanna lease an 08 coupe a few months after its release
(or whenever the rates go down, I dont mind the wait) with a a msrp of
aprox 36k and mayb 8k miles per year (if thats not possible then 10k) for
lets say 36 months. Im not sure what the money factor is gonna be and alot depends on my dealer but what would u estimate my payments would be?
Thanks for your time, your really helping me out.

 

The mistake might not happen again but you might be able to get really close to that payment for an 07 in about 8 months. If you are not getting any of the packages then the price of a G35 6 speed is quite reasonable. I would expect that if you can find a G35 without the premium package sitting on a lot in about 8 months the dealer will be more than willing to make a deal. It is kind of sad that people are accepting these $500 and $550+ lease payments and they think they are getting a great deal. Right now these cars are too hot to really get a good lease deal. Give it a few months and the dealerships will remember they work for Infiniti and not Ferrari and then they will start dealing again. Hey, I would much rather let someone else pay MSRP and be happy about it. That way the salesman makes his money now, the uninformed customer gets his car early, and I get mine a little later but at a more appropriate price.

 

I believe you have won the record for biggest attempted ripoff.

$4.5K down and a 39month lease on a fully loaded Gsport should come out to something like $515/month after tax/registration/bank fee and etc...

 

I wouldn’t really want to speculate on the payments for a car that doesn’t even exist. For one you have no idea what the MSRP is going to be for that coupe. The rumor is that it will be a G37 with a larger engine. You will definitely pay more for that. If you want a good idea on what the payments are for a “good deal on a lease” then just plug in the numbers below on this site.

http://www.leaseguide.com/calc.htm

MSRP ~ $36000 by your estimate

Base Cap Cost = $2000 to $2500+ below the msrp. That is a pretty decent discount. I was able to get $2500 on my 05. Some people were getting $4000+ off of 06 models recently. This number affects your payment greatly. The more you get off MSRP the much less you will pay each month.

Additional costs = None. Don’t pay their BS fees and upfront costs. Ideally you don’t want to pay anything except the first months payment upfront. This minimizes your risk for loosing your down payments if your car gets totaled.

Cap cost reductions = None, unless you have a trade in or if you insist on putting money down.

Residual = 59+%. See if you can get 59% or greater. That will really keep your payment low. 58% is acceptable. If you get lower than that then the payments start getting out of hand.

Money factor = .0021 or lower. I have seen some .0019 values before. However, the interest rate is higher now so I doubt you will see that for awhile.

Term of lease = 36 to 39 months. This is the sweatspot for a lease. If you go any longer then you might as well buy it. If you go shorter then the payments go up.

Sales Tax = Your state sales tax. The only thing you can do to affect this is to move to another state. Delaware is a good choice I think.

I plan on just taking these numbers into a dealer early next year. I will make sure they have the exact car I want in stock. I won’t even test drive the car. I will just say when you can do these numbers give me call and then start walking out. If they want to sell the car bad enough then they will make it happen then. If not I can wait a few more months till they are desperate.