xjslx

no money out of pocket/ 12,000 miles a year/ 24 months....

a_paradigm

I think your payment should be around $410 in so cal for a base journey with 0 down

xjslx

wow, how does that work? why so low? and isn't base and journey two different models?

RIDEwithG

not for 24 months. there is no "base journey" anyway. Its either a Base, Journey or Sport. Then you tack on the packages.

Whats the sale price they quoted you for $450. Also is it $450 + tax? or $450 after tax.

Current rates for a G37 Base is 74% residual, .00184 MF for 24mo/12k miles per year, from what I understand. $410 in so cal? Errr nope.

RIDEwithG

I think he got the models confused. He was probably thinking Journey without any packages. No the payments can't be that low if you go thru IFS. It must be a non-IFS lease.

xjslx

how do you factor in MF into the monthly lease if for example its at 5%

RIDEwithG

divide 5 by 2400, that should give you the MF.

xjslx

no, the 5% is after a number divided by 2400, im asking how it calculates into the monthly lease payments

RIDEwithG

you take the sale price + residual and multiply by the money factor. At 5%, the money factor is .00208. That will give you the finance charge for your vehicle.

Dave ISM

Concurred. It's probably with US Bank or Chase, both of which are higher in the acquisition fee, typically a little more in the MF however a better residual percent can get you a better payment, however there is a disposition fee with both of those banks at the end of the lease; not with IFS.

In most cases, even though you're attracted to a lower payment with a non-IFS bank, you'll actually end up paying more in the end due to the additional fees.