asianpokerpro

I leased a new 2011 G37XS in may. Sticker Price was $48300 fully loaded.

I am new to leasing and want to see if this is a good deal. The agreed upon price of the coupe was $46293 due to the limited supply of G37XS coupes. I was also told had I buy I could of gotten it for $45,000 but on leases you don't get rebates.

The gross capitalized cost is $47140($46292+$595 Acquisition fee+$252 in upfront sales tax).

I made a down payment of $2500 which includes($1515 Cap Reduction Cost+194 Registration fee+$156+$25 in Doc Fees+$610 first month payment)

I am leasing the car for 39 months, the final adjusted cap cost is $45625 (after $1515 on cap reduction), my monthly payment is $610 and I am getting 25,000 miles a year to drive. The end residual after 39 month is $26646.

Did I get a good deal? And also it doesn't show the money factor or interest rate on the paper work. Anyone know what interest rate I got based on my monthly payments and all the numbers I posted.

volnedan

Most would say your agreed purchase price of $46293 is too high, even if it is on the G37xS coupe. Invoice on that car is probably around $44,XXX, so you should have shot for closer to that price.

$610/mo for 25k miles/year is still a decent deal. Most folks on this site never lease for more than 15k mi/yr, so that monthly payment isn't too bad. Hopefully you shopped around for a few months before making this deal, and if so, then you most likely got the best price you could find.

GDauti1981

I actually just leased a coupe with the same exact MSRP plus another $700 for the rear spoiler. Terms of my lease are 39 months/12k miles per year, $450 monthly payments, and I shelled $1500 out of pocket (includes 1st month payment). I also should mention I was eligible for VPP.

bocaytomas

To start, the car is going to go down 42.4% in the 39 months you have the car, that equates to $19,464, however you are paying $610 a month, or $23790 plus $1515. There is a $4000 between the depreciation and what you are paying plus your gap cost reduction. This translates to an APR of 9.7%, considering mortgages are far below this around 4.*% you are over paying a good amount. If the APR used would have been a more conservative 5% it would have been $541.76 a month, sorry for the bad news. I'm paying 350 for my G, MSRP 42k. I will explain all my calculations if you have questions

becca.mclaren

I need your input!! Im about to lease a 2011 g37x for 33 months . The MSRP is $40,000, initial cap cost: $37,500. $1800 down.. 10,000 miles/yr. The residual is $24,024. Monthly payment: $434. I really want a monthly payment below (or at) $400. Would the dealer think I’m crazy if I insisted my monthly payment has to be $400? Do you think they would go for it?
I feel LOST! I have never leased before. What am I missing here in regards to lease information that I need to find out?
THANK YOU for the help!!

jonty12

becca, where are you located? that car in the NYC area leases for under 375/month.

demonmarcus

I picked up loaded 2011 G37xS (sticker was at $48,300) yesterday. 24 month lease, 10k per yr. $490 x 23 months, sign and drive - complete $0, first month included. I would say your payment is on a high side.

DaCePtak0n

Where are you located? Sounds like an amazing deal!

kaoticdemize

iTrader: (2)

a lot of this does not make sense to me. Infiniti does not have a 33 month program, and there is no Infiniti with a 40,000 msrp.

vmfldis

iTrader: (1)

This is the deal I got back in April for 2011 G37X Coupe

39 months 12k a year

MSRP 46700

Monthly payment including 7% NJ tax: $490
OTD: $0

They even paid for my first month payment. Simply, I just signed the paper and walked out with both keys on my hand.

Options included Nav Prem Interior Accent ETC

Black / Black

da mayor

iTrader: (2)

351 a month

demonmarcus

Best Buy Leasing out of Brooklyn, NY. Somehow they're able to get 24m leases at decent prices. The 11" G Coupes are getting almost impossible to find tho, might have to wait till programs roll out for the 12". Send me a PM if you're interested.

asianpokerpro

Guys, here is the thing, even tough my payment is $610 monthly. Remember I got 25,000 miles a year. I see some of you are in the high $400s a month but you only have 10-15k. I needed the extra miles. So with that being said, do you all still think $610 is high.

Thanks for the opinions.

asianpokerpro

BOCAYTOMAS.

My car's residual at the end of 39month is $26xxx dollars. It is stated on the paper work.
So with that in mind, my money factor or interest rate comes out to be about 3.2% Not 9.7%
Correct me if I am wrong.