so about a week and a half ago a friend and i went to go test drive the g37, long story short, he needs a car and he decided to get this one. he went gave a $500 deposit and he was looking for his payment to be around $500-600 which the dealership told him would prob be it. well they told him that they can't be exact since it takes about 2 day to work out a lease menu(which was a complete lie they just needed this since they did not have any lease programs yet)/ so he gets a call back 2 days later and they tell him its going to be $715 a month. for a 36month lease. the car came to about 41k. so he said f**k it adn decided not to get it any more.

isnt this kinda steep. now to keep in mind credit scores where good if not excellent. i mean the dude pays about $800+ for a 05 M3. the good thing would be that his insurance would go down. but damn from a $500-600 payment/month to $715 is rediculous.

 

Uhhh... I don't know where you're going with this. lol

 

just sharing a story where they told him one thing and then its some thing way diff at the end

 

Oh pssh.... all dealerships do that. lol A key thing here is that the dealership said that it PROBABLY would be around a certain price range. That gives them the freedom to go higher. With dealerships you need to get a "for sure" answer and if they give you a "maybe" answer, that isn't any good.

 

You should know that the only time a car salesman is lying is when he opens his mouth.

 

lol nice quote. My salesman said that I'm a great guy...

Oh the liiiiieeees!

 

If that is the case then have your boy get his deposit back.

IMO, your boy shafted himself by putting a deposit down without getting a firm number from the dealer. It's like buying a pig in a poke bro. The dealers have firm numbers, the cars go on sale starting tomorrow.

From what I've been told (by a dealer), the lease program has good rates etc.

 

All dealerships are alike, especially when they have the upper hand. You friend made a mistake by putting a deposit down. He should wait for the official launch and then work out the lease agreement. They are probably going to be stiff for the first week, after they learn the fact that nobody will pay MSRP, the prices will decrease. This is true with most major car manufacturers, I remember the official launch of IS350, week later, they were still sitting at the dealerships.

 

I've got to agree with the comment about your boy shafting himself by putting down a deposit on a car and not knowing what the price is. The lease is a function of three things - time, price, and interest rate.

As an observation, I am amazed that guys are spending $700 -$800 a month to lease a car. No judgement here, just an observation. That's a house note down here!

gurney

 

Yeah.. that seems a little high. Ask him to get some specifics from the dealership... what money factor they're using as well as the residual. Is he putting anything down? Also, what's the sales tax in his state? If they are using Infiniti's current numbers (.00285 & 61% residual for a non-sport journey) he should be in the low $600's w/ 0 down and mid $500's with $2500 or so down.

The dealer may be trying to screw him on the money factor, much as my dealer was trying to do (Holman Infiniti in Maple Shade). They told me "oh yeah, we're not marking anything up, just doing MSRP and the lease rates are direct from Infiniti with a .0030 MF". Thank god for this board because I was able to find out what the MF/residuals should be (they even low-balled the residual as well).

I've since told them to release the car (which is in port already ) and give me my deposit back. I've already put a deposit down on an identically equipped car at a different dealership (due 1st week of Sept.) and it'll run me more than $40 less per month. Someone mentioned in another thread not to trust that dealership, but I didn't believe it because my experiences had been good with them thus far.... now I wonder if I got screwed on my '05 lease and understand why that other poster called them "shady". Be careful going in and do your research!

 

My lease will run me $713.53 per month for the new car. While it may seem like a lot, for those of us who get easily bored of a car after a couple of years, buying a car doesn't make sense. I always end up trading it in on something and when I've bought in the past I'm well upside down. In the past 6 years, I've had an '01 BMW 330ci, an '04 BMW X5, an '05 G35 and now (well, in a couple of weeks) an '08 G37. Knowing that I will constantly have a car payment, buying just doesn't make sense when I can get a lower monthly payment for the same car and not have the headaches of being upside down when I get bored and go to get rid of it (and never be out of warranty). I think there are a lot of people like me out there, which is a reason why leasing works. And also, it is relative to your income. Someone making $80k/year is going to feel a $700+ lease payment a lot more than someone making $300k/year.

 

No argument on those pointsfrom me, but I'm also wondering how many of the guys with $700 - $800 /mo leases make $300K+ annually.

Leasing is definitely the way to go for someone who doesn't put a lot of mileage on a car, and/or likes to get a new one every few years.

My problem is that I put about 25K a year on a car and keep it for at least 5 years. I also pay cash for my cars.

Everyone's situation (and comfort level) is different; ther is no right or wrong answer.

gurney

 

In France a car that doesn't last at least 15 years is considered trash!
A Citroen 2CV (lanmower engine) can last over 20 years: that's return on investment!

 

So they tried to screw you over there, huh? Which salesman were you dealing with?

What dealership did you change to?

I'm still undecided about getting the G37, and if the guys at Maple Shade are jerkoffs then I may just wait a little while to even consider getting the G and wait for the price to be negotiable.

 

yeah he took his deposit and left, i mean, he didnt loose any money.