LakeShow

Hello, newbie here. Looking to lease a 2011 G37xS sedan with no nav and Msrp is around 41,000 in LI, NY. Got them down to 37,500 and they will take 5,500 maybe a bit more for my trade in as down payment. Deal is looking like 39 months/10k 275-290 month. Does this seem like a fair deal or a bit much? Thanks

Neiklot

I wouldn't drop that much money on a car that will never be yours...just food for thought

Price of the car is fair. Would need more details on your lease quote to really tell if its a good deal or not...what is the money factor on it?

da mayor

iTrader: (2)

is it a white g37xS

JDM4life

lease to own? maybe make you feel a little better? hah cuz yes i agree, thats not worth throwing a boatload of money at a car that isnt gonna be yours.

da mayor

iTrader: (2)

it doesn't make a difference people do it all the time. even the cost to throw it as a down payment on a finance you're still going to be oweing more than what the residual will be after 39 months of leasing it.

ScottyBeGood

+1, I agree it is done all the time. People apply a car as a down payment to get the payments as low as possible and chances are good with such a low payment the residual will be more at the end of the lease. It then becomes a question of is it more important to have a low monthly payment or to consider buying the car at the end of the lease, by paying a higher monthly payment over the term of the lease, a good lease to own scenario.

zhaofl

It seems to be a fair price (I would guess it is around invoice). However, if NY state allows for multiple security deposit, put your trade-in money as 9 security deposits instead of using it as a down payment. You will get reduced money factor and a much better deal this way.

LakeShow

Yes

I guess your right just makes the monthly payment very attractive so I might not put that much or at all.


So your saying the less I put down the residual will be lower and better option at the end to purchase.

I've never actually heard of this. How does it work do they give back the money at the end of the lease?

da mayor

iTrader: (2)

new york state you can't do multiple security deposits

infiniti of massapequa has a white 2011 g37xs w/o navigation.... i heard they got amazing deals.... trust me $40500 for the 2011 G and you're getting it for $37500 already-- no brainer

Neiklot

Take a look at this topic. https://www.myg37.com/forums/buying-...-and-msds.html

Just to give you something to compare to. I just got quoted

2010 G37S Auto w/Premium non-Nav
MSRP: $43510
Sales Price: $36,000
Final Price: $38229 OTD
36 Month Lease
12k Miles Per Year
Money Factor: .00096
Money Factor w/MSD: .0001*9 = .0009 -> .00006
Residual of 60%

da mayor

iTrader: (2)

2010 have different incentives compared with the 2011

also it varies from location of the US

AWD have different rates than RWD too

LakeShow

I'm going to stop in Massapequa some time soon if they have anything to catch my attention...

LakeShow

Great deal...Are you in NY by the way because in this thread it was stated you can't do MSD in NY. Shouldn't the MSRP of your car be around 41-42k and change. Don't think the one I looked at was 43k+ could be mistaken though. Yours probably has add on's or something.

Neiklot

No I am actually in FL. I have relatives in VA so I was basically looking from FL to VA for a car that I wanted. Found this quote and will be getting in touch with them tomorrow for final numbers.

The vehicle has splash, first aid kit, sonar, runk net, and door sills. None of that stuff I really care for but I figured with the quote I'm getting I'd be fine.

Payments coming out around $363 with tax. With MF being .00096. I just need someone to verify that if I do 9 MSDs @ .0001*9 = .0009 off of the MF right? Or am I doing MSDs wrong?