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Thats the deal i got today...

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Old 05-08-2008, 03:43 PM
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Eiso
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Thats the deal i got today...



I'm located in Houston TX, sold my 07' GS350, and bought my G37 today from Clear Lake Infiniti.

First time leasee, love to change cars two-three years.

2008 Infiniti G37 Journey, Premium, Sport, Nav, trunk mat, cargo net, splash guard.

MSRP $44030
Sale price $41295
MF rate 2.93, i have no idea what the 0.00xxx is.
24 months
12k per year
tax only $399 after tax credit since i have a trade-in
72% residual
$0 down
$657/month
$832 due at signing

Salesman told me its a good deal compare to my 2.9% financing.

I got an okay deal?

Last edited by Eiso; 05-08-2008 at 07:31 PM.
Old 05-08-2008, 03:48 PM
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Blackjack
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Not bad! Regardless, you got it. Enjoy!
Old 05-08-2008, 04:15 PM
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Mike
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Great price on the car

I wish California had trade-in tax credits...
Old 05-08-2008, 04:21 PM
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mahroni
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Originally Posted by Eiso
I'm located in Houston TX, sold my 07' GS350, and bought my G37 today from Clear Lake Infiniti.

First time leasee, love to change cars two-three years.

2008 Infiniti G37 Journey, Premium, Sport, Nav, trunk mat, cargo net, splash guard.

MSRP $44030
Sale price $41295
MF rate 2.93, i have no idea what the 0.00xxx is.
24 months
12k per year
tax only $399 after tax credit since i have a trade-in
72% residual
$0 down
$657/month
$832 due at signing

Salesman told me its a good deal compare to my 2.9% financing.

I got an okay deal?

congrats on the car.

Last edited by mahroni; 05-08-2008 at 04:24 PM.
Old 05-08-2008, 04:35 PM
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ajb723
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Agree- I think you overpaid close to $100/mo. according to my lease calculator. + or - a few $ depending on reg and doc fees.
Old 05-08-2008, 05:13 PM
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Dave ISM
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Originally Posted by ajb723
Agree- I think you overpaid close to $100/mo. according to my lease calculator. + or - a few $ depending on reg and doc fees.
He went $832 out of pocket capitalizing the acquisition fee, that's how he did it. Roll it in to amortization and you would find the figures to be right on.
Originally Posted by mike@riverside
I wish California had trade-in tax credits...
True, I know Texas, New York, and I think Arizona (amongst other states) has this, but it's not like that here in Cali.

Congrats OP!
Old 05-08-2008, 05:16 PM
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B L U E S L A T E
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Arizona? I don't think so... or maybe the dealer didn't tell me about this when I got my car....
Old 05-08-2008, 05:17 PM
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Dave ISM
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^^ That Blue Slate isn't looking so sexy anymore, huh? :P J/P
Old 05-08-2008, 05:27 PM
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mahroni
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Originally Posted by Dave ISM
He went $832 out of pocket capitalizing the acquisition fee, that's how he did it. Roll it in to amortization and you would find the figures to be right on.
True, I know Texas, New York, and I think Arizona (amongst other states) has this, but it's not like that here in Cali.

Congrats OP!

That is one expensive acquision fee!!! i got quoted $900 total out of pocket plus $541 per month (including tax) for a car with a $44910 msrp. i plan on picking it up early next week. 24 month lease 12k miles via IFS. i have a 750 FICO score... i live in so cal.
Old 05-08-2008, 05:35 PM
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Eiso
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Originally Posted by mahroni
That is one expensive acquision fee!!! i got quoted $900 total out of pocket plus $541 per month (including tax) for a car with a $44910 msrp. i plan on picking it up early next week. 24 month lease 12k miles via IFS. i have a 750 FICO score... i live in so cal.
The acquision fee is $595.
In Texas, we pay full amt tax of the car when leasing.
I guess its the MF being high maybe? I have 720 FICO
Old 05-08-2008, 05:43 PM
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mahroni
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Originally Posted by Eiso
The acquision fee is $595.
In Texas, we pay full amt tax of the car when leasing.
I guess its the MF being high maybe? I have 720 FICO
there it is. FULL TAX. ouch!!!! i'm glad i live in cali!!!
Old 05-08-2008, 09:07 PM
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Dave ISM
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Originally Posted by Eiso
In Texas, we pay full amt tax of the car when leasing.
Just learned something... ouch +1!!
Old 05-09-2008, 01:20 AM
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prutkows
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tax hurts regardless of where you pay it.

I personally avoided all taxes :] buy in missouri, register at home (in hawaii).
Old 05-09-2008, 02:42 AM
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poggagga
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Originally Posted by Eiso
The acquision fee is $595.
In Texas, we pay full amt tax of the car when leasing.
I guess its the MF being high maybe? I have 720 FICO
Didn't you say you only paid $399 in tax? I'm no expert but this seems high, especially with only a $399 tax payment (vs $2500ish - what it would have been without the credit if I understood you correctly).

Anyway you people don't pay income tax so you can't complain.
Old 05-09-2008, 03:34 AM
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Eiso
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Originally Posted by poggagga
Didn't you say you only paid $399 in tax? I'm no expert but this seems high, especially with only a $399 tax payment (vs $2500ish - what it would have been without the credit if I understood you correctly).

Anyway you people don't pay income tax so you can't complain.
I know right?! I wasnt so sure about leasing, but the salesperson told me the lease is much better off for me. Before the tax credit, I was quoted $751 per month as I remember. I'm no expert in leasing, thats why I asked whether I got a good deal, trying to figure out where went wrong if there is any. My total amt paid after 24 months is about $16000 according to the contract.


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