venky144

Hello All,
I am interested in buying a G37x Coupe with Premium Package, Navigation Package, Interior Accents Package

I am interested in 24 month lease with 12000 miles yearly.

The deal i from a dealer after lot of negotiations/bargaining is:

$2873.96 Cash due at signing lease. (217 extra for license plates)
$421.24 Monthly for 24 month lease option.
$34091.00 Residual

The selling price of the vehicle is quoted as $41885,
tax, dealer doc fee, other fee come upto a total of 45377.58..


I wanted to know whether is it a good deal ??
I wanted to buy this by end of next week.

WhiteLightning

get the EFF outa here for a 24 moth lease! go lower! lower!!!! if they feed you some japan BS tell them your gunna get an A5

carz

actually the residual for 24 months is higher than 36.

deal sounds about average. nothing too special to brag about. Taxes and credit score play a variable....a few more dollars can be squeezed

venky144

so, how much should i ask the dealer to be lower..??

what can be a good deal to ask.????

WhiteLightning

basically with that 3100 down i would pay 350/month tops...

mine was a 36 month with all the options stated above for 3000 in ALL due at signing and 365/month.... i wasnt leaving that dealership paying a penny more

TommyG37xS

i think his is $0 down the cash due at signing is taxes and fees.

this was my lease deal when i got my 2011 MW xS coupe with prem, navi, sport back in january

24 month lease 15K/Yr $0 down
$2603 due at signing for taxes and fees
$522/month lease payment for 24 months
price of car 48775 negotiated down to 44110

slipstream182

i just signed a deal for a similar coupe (mine aslo comes with splash guards and trunk accessories) for $450 (includes taxes) a month + $1400 due at signing to cover the fees. my term is 24/10k

WhiteLightning

did the OP get a G yet?

Beer Magazine

You need to list MSRP and residual. Don't listen to people who don't ask for all the math variables and say "you should pay $350" that doesn't make sense. It's a VERY simple math equation with lots of website to help you see if you are getting the right deal.

Car Lease Calculator — For Monthly Lease Payments and Costs

Get your dealer to give you all the details you need and see what the payment SHOULD BE. But you need the information (which is required by law).

MSRP (sticker)
Sale price (negotiated price)
Residual value (Usually a percentage)
Money Factor (interest rate given in decimal, but if you multiply by 2400 you get the %)
Tax rate

With all that you can get the lease rate. And check to see if they are hiding fees to make the price higher (common).

The simplest way to look at a lease is that you are paying a percentage of the car. If you have a $50,000 car and the residual is $25,000 (50%) you will have to pay that 50% in whatever length is set (it's higher since lots of manufacturers inflate their own residuals).

So if you have to pay that 25K (which doesn't include tax and fees) over 24 months it's $1,000 a month or $694 for 36 months....there is no MAGIC deal where you pay less than what that "use fee" is...plus taxes.

If you put down $5k to reduce the cap cost, or if you put 0 down you really pay the same amount over time.