G37 leasing payments
#17
Registered User
You're still getting the .00285 MF which is high (but at least you dont have to put down multiple security deposits).
Buying down your rate with multiple security deposits makes sense if you have it. In effect it would give you something like a 12% return on your deposit which you get back... not many things give you that high of a return on your investment these days...
#18
Everyone fails to realize a very important thing here... which was said a few posts up...
You essentially have to look at ALL costs to determine what your monthly payment is!!! Most people are just focusing on the monthly payment without realizing that almost everyone is not placing a down payment!
For every $1000 you drop down as a down payment, your monthly lease will go down by approximately $30 (very rough, I know).
So if I put down $2500, my monthly payment will look as if it's $75 cheaper, but at the end of the lease, I still paid the same amount!
Everyone has a problem with paying these amounts for a 45k vehicle.
A 48k Lexus GS350 is in the 800s. A 30k Audi A4 is at $400. Unfortunately, these are the rates these days...
BTW... the high MF for the G37 can be bought down to .00195 (equivalent to a 4.8% interest rate)... and the residual value of the car at 61% for 39 months is absolutely outstanding... most other makes are in the mid 50s.
You essentially have to look at ALL costs to determine what your monthly payment is!!! Most people are just focusing on the monthly payment without realizing that almost everyone is not placing a down payment!
For every $1000 you drop down as a down payment, your monthly lease will go down by approximately $30 (very rough, I know).
So if I put down $2500, my monthly payment will look as if it's $75 cheaper, but at the end of the lease, I still paid the same amount!
Everyone has a problem with paying these amounts for a 45k vehicle.
A 48k Lexus GS350 is in the 800s. A 30k Audi A4 is at $400. Unfortunately, these are the rates these days...
BTW... the high MF for the G37 can be bought down to .00195 (equivalent to a 4.8% interest rate)... and the residual value of the car at 61% for 39 months is absolutely outstanding... most other makes are in the mid 50s.
Some cars make good leases and others don't. Your examples are of cars with bad leases.
I disagree with the statement about "these are the rates nowadays". The money factors on this car are high because it is new, and Infiniti can make more money off of people right now (high demand). In short time, they will drop just like the old coupes did and the new sedans.
BMW has better money factors (.00175 sedan, .00185 coupe), although residuals are slightly less.
Check back in Spring and we'll see better rates.
#19
Registered User
I 100% agree... however, as far as cars with "bad leases"... these are the cars that somewhat compare with the G37 in my mind. I'm not about to lease a car just because it has favorable lease terms when I could care less for the car...
I havent priced out the C350 but everyone else, including the IS350 is in that neighborhood. Some have higher residuals but worse MFs, some better MFs and lower residuals.... in the end you still get shafted. If it's a car that people want (and most people in this segment want good/reliable/tech heavy/sporty coupes/sedans), you'll have to pay that premium.
As far as the MFs dropping as demand decreases, I agree. Lowering the monthly payment will entice some people to get it at a lower cost... either way... if you want it now, you have to pay for that privilege. Consider that a premium for having it right now when it's a hot automobile.
I havent priced out the C350 but everyone else, including the IS350 is in that neighborhood. Some have higher residuals but worse MFs, some better MFs and lower residuals.... in the end you still get shafted. If it's a car that people want (and most people in this segment want good/reliable/tech heavy/sporty coupes/sedans), you'll have to pay that premium.
As far as the MFs dropping as demand decreases, I agree. Lowering the monthly payment will entice some people to get it at a lower cost... either way... if you want it now, you have to pay for that privilege. Consider that a premium for having it right now when it's a hot automobile.
#20
I 100% agree... however, as far as cars with "bad leases"... these are the cars that somewhat compare with the G37 in my mind. I'm not about to lease a car just because it has favorable lease terms when I could care less for the car...
I havent priced out the C350 but everyone else, including the IS350 is in that neighborhood. Some have higher residuals but worse MFs, some better MFs and lower residuals.... in the end you still get shafted. If it's a car that people want (and most people in this segment want good/reliable/tech heavy/sporty coupes/sedans), you'll have to pay that premium.
As far as the MFs dropping as demand decreases, I agree. Lowering the monthly payment will entice some people to get it at a lower cost... either way... if you want it now, you have to pay for that privilege. Consider that a premium for having it right now when it's a hot automobile.
I havent priced out the C350 but everyone else, including the IS350 is in that neighborhood. Some have higher residuals but worse MFs, some better MFs and lower residuals.... in the end you still get shafted. If it's a car that people want (and most people in this segment want good/reliable/tech heavy/sporty coupes/sedans), you'll have to pay that premium.
As far as the MFs dropping as demand decreases, I agree. Lowering the monthly payment will entice some people to get it at a lower cost... either way... if you want it now, you have to pay for that privilege. Consider that a premium for having it right now when it's a hot automobile.
Maybe I am biased, but for me the only 2 cars that compare are the 335 and the G37 (or 335 sedan and G35S) in this class.
Coupes:
335 Coupe (6mt, premium, comfort access, sport, ipod, NAV, heated seats) - MSRP - $48,250. You can shop around and get it for $46,750 (maybe less). With a money factor of 0.00185 and a residual of 58%, the lease rate (exclusive of tax and fees) is $659.
G37 - 6mt, Nav, Premium - MSRP - $41,665. Purchase price - $41,665. Lease rates - 62%, .00285. Monthly rate (exclusive of tax and fees) is $632.
Basically, a wash.
My point was that the 335 coupe (as shown above) is $6,500 more sticker price but the lease rate is about the same. If the Inifniti had cost as much as the BMW, the monthly rate would be $730.
I think we are saying the same thing ultimately. The inifiti rates are higher because the car is new. As time goes on, the money factors will drop and in terms of leasing this car will be a much better deal compared to it's nearest competitor, the 335 - especially when you can start getting some money off the MSRP.
Side note: I always found it interesting that with Infiniti, the residuals are higher for the coupe, but with BMW, the residuals are higher for the sedan (61% for 36 months).
#21
Registered User
finalized my deal tonight...
G37 Journey PG/G /Premium/Nav/Sport/Tech/Spoiler
MSRP 44925
650 including tax
MF .00195
Residual 61%
Inception 1457
39 months/15k
dealer is picking up one of my payments from my prior car, throwing in tints and 2 free oil changes (i know it's not a lot, but at least it makes me feel better)...
G37 Journey PG/G /Premium/Nav/Sport/Tech/Spoiler
MSRP 44925
650 including tax
MF .00195
Residual 61%
Inception 1457
39 months/15k
dealer is picking up one of my payments from my prior car, throwing in tints and 2 free oil changes (i know it's not a lot, but at least it makes me feel better)...
#22
I called fleetrates.com the other day and they told me this:
5At sport,spoiler,tech,nav,premium,4was(not important)inteligent cruise,journey etc.
$506mo.
10K/39mo.(most people do 12k)
2,091 out of pocket
Low 5's interest rate-Prices are based on invoice or below.(not MSRP)
Membership fee is $29.95(Lasts a year)
Basically these people work for you and whatever deal you make with them is FINAL!You sign the agreement, send it back to them and go pick up the car from the Fleet manager at the dealership!If you are interested, his name is George Manniello 1-888-831-8080.Good luck.
5At sport,spoiler,tech,nav,premium,4was(not important)inteligent cruise,journey etc.
$506mo.
10K/39mo.(most people do 12k)
2,091 out of pocket
Low 5's interest rate-Prices are based on invoice or below.(not MSRP)
Membership fee is $29.95(Lasts a year)
Basically these people work for you and whatever deal you make with them is FINAL!You sign the agreement, send it back to them and go pick up the car from the Fleet manager at the dealership!If you are interested, his name is George Manniello 1-888-831-8080.Good luck.
Last edited by G THANG; 09-01-2007 at 12:33 PM.
#23
finalized my deal tonight...
G37 Journey PG/G /Premium/Nav/Sport/Tech/Spoiler
MSRP 44925
650 including tax
MF .00195
Residual 61%
Inception 1457
39 months/15k
dealer is picking up one of my payments from my prior car, throwing in tints and 2 free oil changes (i know it's not a lot, but at least it makes me feel better)...
G37 Journey PG/G /Premium/Nav/Sport/Tech/Spoiler
MSRP 44925
650 including tax
MF .00195
Residual 61%
Inception 1457
39 months/15k
dealer is picking up one of my payments from my prior car, throwing in tints and 2 free oil changes (i know it's not a lot, but at least it makes me feel better)...
Inception is only $1457? What about thr $5900 (refundable of course) to get the money factor down. Is that in addition to the 650/month (lost interest on $5,900)?
I was expecting closer to $700.
#24
Registered User
As far as the lost interest on $6750... a conservative investment would yield 5% per year... that's about $3-400 per year... for around $1200 over 3 years. Conversely, had I not placed the security deposit, I would have paid approximately $60-70 more per month... thus approximately $2500 over the life of the lease.
I'm not a finance genius to know that $2500 is better than $1200...
I'll post some pics when I get a chance. I wanted to tint it before I did, but because of the long weekend everyone's booked/not working... go figure.
#25
Looks like the G37 does not lease well at all... I currently have 21 months left on my bmw lease and am looking forward to how these numbers will play out... at the moment BMW's leases are for sure more attractive. I would not pay more then 575 month, 0 down including tax for a fully loaded coupe. In 21 months from now im sure that could be do able.
#26
Check your numbers again... $703 on the 48K and $682 on the 46K... The G37 numbers were correct so I can't quite say that its a wash! (unless $50$-$70 a month is a wash for you).
Last edited by chinua; 09-02-2007 at 11:09 AM.
#27
I did have to place $6750 as security deposit. Each security deposit is calculated before buying down the rate (at the .00285 rate) and rounded to the next $50. Thus, $750x9.
As far as the lost interest on $6750... a conservative investment would yield 5% per year... that's about $3-400 per year... for around $1200 over 3 years. Conversely, had I not placed the security deposit, I would have paid approximately $60-70 more per month... thus approximately $2500 over the life of the lease.
I'm not a finance genius to know that $2500 is better than $1200...
I'll post some pics when I get a chance. I wanted to tint it before I did, but because of the long weekend everyone's booked/not working... go figure.
As far as the lost interest on $6750... a conservative investment would yield 5% per year... that's about $3-400 per year... for around $1200 over 3 years. Conversely, had I not placed the security deposit, I would have paid approximately $60-70 more per month... thus approximately $2500 over the life of the lease.
I'm not a finance genius to know that $2500 is better than $1200...
I'll post some pics when I get a chance. I wanted to tint it before I did, but because of the long weekend everyone's booked/not working... go figure.
I agree that buying down the MF is a good deal, just that for people that are looking at monthly rates, they should understand that the real "net" gain from doing this is the only thing you could count. By putting the "lost interest" back into the monthly payment, it is a more realistic number.
#28
I don't think the G37 lease rate should be any higher than the M35 at $439/month
http://www.infiniti.com/current-offe...Current_Offers
http://www.infiniti.com/current-offe...Current_Offers
#29
BMW 335 coupe
Depreciation Portion
MSRP x 0.58 = $48,250 x 0.58 = $27,985
Negotiated Price - Depreciation = $46,750 - $27,985 = $18,765
$18,765 divided by the term (36 months) = $521.25
Interest Portion
(Negotiated Price + Residual) times money factor = ($46,750 + $27,985) x 0.00185 = $138.35
Total Lease = Depreciation + Interest = $521.25 + $138.35 = $659.60
So, your payment is $659.60 (not 703) assuming you pay your taxes, security deposit, etc up front or you can roll it into the monthly payment (like I mention in my post). If you can talk the dealer another $500, you can get it down another $14/month.
Can you post you calc?
#30
I don't think the G37 lease rate should be any higher than the M35 at $439/month
http://www.infiniti.com/current-offe...Current_Offers
http://www.infiniti.com/current-offe...Current_Offers