Hello All!

Its a great pleasure being here and thank you all for your helpful tips. However, I am in need of advice from everyone.

Went to dealership this is what they offered me for a 2011 G37S Coupe with with everything except Areo Package.


$480ish / month
$2000 down includes first month lease payment
10k miles
39month lease
Sticker price was 47K but manager said he marked it down to 43k

It doesnt seem like a very attractive deal to me. What does everyone think?

Any advice will be greatly appricated.

Thank you!

 

see the thread below "about to sign my first lease ever" to see rates on a similarly priced car (G37xS /w Prem, Nav, Sport). Considerably less than $480 with $0 down just tax, delivery, 1st month, and standard fees.

 

Use one of the lease calculators online. It should show you what you should be paying. You should be able to get the MF and Residuals from people here.

 

$480/month is a lot to rent a car.

Leasing should be cheap for you as it's typically a bad financial decision. Try to get something in the $300-$350 range, otherwise just try and buy it outright.

 

Leasing is cheap in comparison. 300-350 range would be a Bone stock rav 4 or an altima.... just an FYI.. with 1300 at signing g's never went below 430/mo

Depending on your state 480 might be alright. I work part time for a leasing company in New York, i Did a G37xs (loaded no tech) yesterday for 450 with 1,300 at signing.

 

That seems high to me. Especially since you're just renting the car. If it were mine when I was finished paying for it, I'd jump all over that, but you gotta give it back to them.

If you're going to make the bad financial decision to lease a vehicle, do it with an Altima, or Accord, not something that costs 40 or better. If you don't need the vehicle for long term, aren't you really just after something to get you from point A to point B? Maybe it doesn't seem like an attractive deal for you because 480 a month with 2,000 down is more than you need to finance many other vehicles if you have semi-decent credit.

 

mileage seems awfully low..should atleast be 15k miles/year with less than 2k down..

 

It's funny the way people talk about a lease. I'm curious as to who in this forum has been driving their G for more than 60 months. I'd bet almost no one.
If you like having a new, low milage vehicle, where pretty much everything is under warranty, and can assure yourself that you WILL NOT go over the miles you've agreed upon, why wouldn't you lease? The answer here may be that you really want to mod the ride, but aside from that it's the best option. It's cheaper than buying and a car payment is pretty much standard these days. Who actually drives a car for 8-9 years anymore?

 

Since this is MYG37.COM - INFINITI G37 (SKYLINE) FORUMS, GALLERY, CHAT, AND MORE. and the G37 has only been available since the latter portion of 2007 (2008 model) I'd say nobody has driven their G37 for more than 60 months. If you mean any G, well, how many G35s are still being driven by the original owner? Cuz that's how many have been driven for more than 60 months.

As it turns out, I drive cars for 8-9 years. I just hope the car lasts that long, and that drunks quit running into me. Why have a note when you don't have to? If it ain't broke, don't fix it.

People talk about leasing the way they do because of math. Look at the cost of ownership for a 3 year period of a new G37 lease vs the same 3 year period of a purchase of a 3 year old G37. Sell the used G37 at the end of the three years and return the leased G37 at the end of your lease. That way you're without a vehicle in both situations to be fair. The difference is staggering and the guy that bought the G37 can put as many miles as he wants on it without paying significantly more for the car. If you're going to get a new vehicle every 3 years, no matter what, then yes leasing is probably better, but that's the only condition where it's even close to comparable.

Is a car note really considered standard now? I can see a home mortgage being standard, but a car note? Really? Pay for something your whole life when that something depreciates until it's worthless? Maybe you just have more money than me. If that's the case, congratulations.

O.P. It's absurd for the dealer to say he marked down the MSRP of a vehicle you're leasing and not buying. You lease based on depreciation, not on MSRP. That's his way of trying to get you to think he's making you a good deal when he's not. When you lease, you're paying the dealer (or whoever you're leasing from) for the depreciation the vehicle is expected to see for the time that you lease the vehicle. Plus a little of course. That way when they turn around and sell it, they don't lose money. They already own the vehicle, it's paid for. MSRP doesn't apply anymore. Leasing new vehicles is like taking the initial and biggest depreciation hit the vehicle will ever see every time you sign a new lease.

 

^^G37/35, I'm thinking you get my point. I feel like the majority of people on this site will not be driving what they are now for longer than 5yrs before moving on to something else.

Funny thing is my first Infiniti was a '99 QX4 36 month lease that I bought out at the end over 5 yrs. I made 93 payments before I traded it for a lease on an fx. So, I drove it for 8yrs, haha.

I did say that the lease only makes sense if you don't go over your agreed to miles. My wife and I both work close to home and we put about 7-8,000 miles on each of our rides annually. It works for us all the way around, including the math.

The only thing I can't follow is your saying a the difference in cash spent is "staggering" between a 3yr lease and paying for a 3yr old car for 3yrs. It's not.
eBay has a bunch of '08 G sedans on it right now. There's an x with nav, prem, splash guards and extras with 38k miles for 25k (about the ave price on there). That loan, depending on your bank and history and rate blah blah, will run you anywhere from $450-500 per month over 5yrs. I was quoted $480 on an xS sedan, a nicer car, first payment and drive it away a few months ago. Nothing down. So what's staggering? It's about even. Maybe you pay a grande more over 39 months. Not to mention on the 3rd old you bought, you'll do maint. Prob tires, brakes (it's an Infiniti), maybe exhaust, and hope the tranny is all good when it has 90k miles on it after 6-7yrs. It will be worth exactly what you owe for it when you try to sell it after 3yrs. There are '05 G35 all over for 9k. Go over 6 yrs, and you'll prob lose money.

Leasing is the way, if you stay within your miles.

OP- Ducky, I just picked up my G37xS coupe with everything but aero on Monday. Sticker was 49k. 39 months 30k miles. First payment only to drive away. $500 a month.

 

Just wondering, what are the residuals and rates that your dealer offered you? Maybe someone posted September 2011 lease rates on the forum (haven't looked). Compare it to the base going rate for the month and see if it matches up. I just looked at a BMW lease yesterday and even though their base rate is .00195, they tried to use .00240 instead, which is a substantial difference.

 

How do you think depreciation is calculated on a lease?? It sounds like you don't fully understand the formula or have a good grasp of how the auto industry works.

I get the whole preference of not having a car note, but I don't think that outweighs the hassle of having unexpected costs when your car is out of warranty. This, however, its a personal preference. Kind of like opting for a BMW or an Infiniti. People pay a premium to get a 328 when they can have a G37 for much less and still run circles around the BMW.

 

to put this in perspective though, your price on the car is good, just the rate is high

 

you can definitely get a lower price....$450-460.

My car was $47k msrp and got it to $41k