Checking out IPL Coupe today... need advice ASAP.
08-30-2012, 02:02 PM
#1
Checking out IPL Coupe today... need advice ASAP.
So i've been looking at picking up a Used '08 or '09 g37s the past 2 weeks and have checked out a few and test drove a few. The local infiniti dealer reached out to me after checking out some stuff they had and I'm going there today to see some things. After speaking with the sales rep, i got an email of current inventory and they have a new 2012 IPL g37 right now, malbec black w/ red interior... the catch here that caught my eye -- currently $7k promo discount, bringing invoive to $46k. Also when talking with her, i asked about a new body style for 2013 and she told me the coupes will have the same style as 2012 and Q1 or Q2 of 2014 is when the new body style will be available with the 2014s. So i'm thinking, let me lease the IPL for 24 months (they only do 18 on the sedans) and then buy the new body style a few months after they release in 2014.
NOW... given the discount to about 46k on the IPL, what do you guys think would be decent lease terms. personally I would push for about 12k miles/year. i'd be willing to write upto $1500 upfront, maybe $2000 if the monthly prices decrease is worth it. what would be realistic monthly payments given the $46k sticker... maybe 375$ a month? its in my budget but knowing going in that i want the new model when it comes out, i dont want to wrap any more cash up than i have to. This would be my first lease so im kind of going in blind and have been just reading these forums.
NOW... given the discount to about 46k on the IPL, what do you guys think would be decent lease terms. personally I would push for about 12k miles/year. i'd be willing to write upto $1500 upfront, maybe $2000 if the monthly prices decrease is worth it. what would be realistic monthly payments given the $46k sticker... maybe 375$ a month? its in my budget but knowing going in that i want the new model when it comes out, i dont want to wrap any more cash up than i have to. This would be my first lease so im kind of going in blind and have been just reading these forums.
Last edited by G37Some; 08-30-2012 at 02:10 PM.
08-30-2012, 02:31 PM
#2
Registered User
Clever user name.
$375 sounds right, but I'm not sure that the residual and money factor is the same between the S, Jouney S, and IPL.
Everything you pay up front on the lease simply goes towards the total of the lease, you're not really "paying" to lower the payment. It's approximately $20 for every $1k financed (give or take a few dollars either way), so adding $500 down would lower the payment ~$10 a month.
Check Edmunds for invoice pricing and current incentives.
$375 sounds right, but I'm not sure that the residual and money factor is the same between the S, Jouney S, and IPL.
Everything you pay up front on the lease simply goes towards the total of the lease, you're not really "paying" to lower the payment. It's approximately $20 for every $1k financed (give or take a few dollars either way), so adding $500 down would lower the payment ~$10 a month.
Check Edmunds for invoice pricing and current incentives.
08-30-2012, 08:37 PM
#4
Hey, I just went thru the purchasing process. Picked up a 2012 IPL malbec black with the red interior and love it! 
However, Your numbers are way off... I financed NOT a lease. Infiniti was offering 1.9 apr IF you qualify. FYI they (Infiniti and Nissan) pulls transunion and equifax and place you in a auto-ter. It's an enhanced FICO score using your auto purchase and payment history. In my experience it's slightly lower than your actual FICO score, so don't be disappointed when you get the result. Honestly the 46k invoice is a great deal but is that including tax, tag, doc and dealer fees? My guess is you won't get out the door under 50,000 on a new IPL. With 2,000 down and amazing credit you still won't hit your payment of 375$.
However, Your numbers are way off... I financed NOT a lease. Infiniti was offering 1.9 apr IF you qualify. FYI they (Infiniti and Nissan) pulls transunion and equifax and place you in a auto-ter. It's an enhanced FICO score using your auto purchase and payment history. In my experience it's slightly lower than your actual FICO score, so don't be disappointed when you get the result. Honestly the 46k invoice is a great deal but is that including tax, tag, doc and dealer fees? My guess is you won't get out the door under 50,000 on a new IPL. With 2,000 down and amazing credit you still won't hit your payment of 375$.
08-30-2012, 11:49 PM
#5
found that out the hard way today. they reel me in with the salesperson saying the IPL is 46k etc and that applies to leases too (on the phone). i test drove it, loved it and everything and as were talking she is hinting that the end of the month is tomorrow and theyre below on quota so theyre trying to get cars out, especially the IPL - hinting that theyre more than ready to negotiate and try to just get it sold asap. after negotiating and checking out my trade in, they came out with the lease and all... apparently, UNLIKE the sales rep told me on the phone, they dont offer the discount for leasing, so the best they can do on the lease price is 50,000 (2k discount) +fees etc... classic bait and switch and they expected me not to notice cause they deducted the trade-in value up front and lowered the monthly payments.... and the main disagreement and everything was that the residual value of the IPL, 2 years from now, would be 55%. i.e. i would be paying about $24,000 throughout the lease FOR 2 YEARS! i was astonished and negotiated and then told them at that rate im better off getting the sport instead.... not to mention i have found a 2008 S with 20k miles, 1 owner, nearby for $25k.... because there is no way im paying half the car over 2 years: at that rate i might as well just buy it..... they come back with a quote on the 1 sport they have in the lot (not a color combo i really want.... or any little details like spoiler, illuminated kick plates, interior accent lights) and to boot they still try to structure it so i would pay $18000 over 2 years for the sport, which i also thought was insane. i walked away and said i'll consider it and call them back tomorrow.
the only positive today was that they agreed to the price on my trade-in that i wanted...
the only positive today was that they agreed to the price on my trade-in that i wanted...
Last edited by G37Some; 08-31-2012 at 12:14 AM.
08-31-2012, 01:01 AM
#6
Hey, I just went thru the purchasing process. Picked up a 2012 IPL malbec black with the red interior and love it!
However, Your numbers are way off... I financed NOT a lease. Infiniti was offering 1.9 apr IF you qualify. FYI they (Infiniti and Nissan) pulls transunion and equifax and place you in a auto-ter. It's an enhanced FICO score using your auto purchase and payment history. In my experience it's slightly lower than your actual FICO score, so don't be disappointed when you get the result. Honestly the 46k invoice is a great deal but is that including tax, tag, doc and dealer fees? My guess is you won't get out the door under 50,000 on a new IPL. With 2,000 down and amazing credit you still won't hit your payment of 375$.
However, Your numbers are way off... I financed NOT a lease. Infiniti was offering 1.9 apr IF you qualify. FYI they (Infiniti and Nissan) pulls transunion and equifax and place you in a auto-ter. It's an enhanced FICO score using your auto purchase and payment history. In my experience it's slightly lower than your actual FICO score, so don't be disappointed when you get the result. Honestly the 46k invoice is a great deal but is that including tax, tag, doc and dealer fees? My guess is you won't get out the door under 50,000 on a new IPL. With 2,000 down and amazing credit you still won't hit your payment of 375$.
their current offer puts the IPL at 45,832... thinking about offering to buy outright when i speak to them tomorrow @ 44,500 flat - taxes/tag/title/etc included.... willing settle for 45,000 flat, everything included.... main leverage being a trade in for like $17k already approved and theyre hurting to get rid of the cars and tomorrow is month/summers end. they got 3 IPLs on the lot still and only were given 5 for the year... #fail...
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08-31-2012, 01:38 PM
#8
mainly cause if i can currently get it for the price of a sport, why not. and if/when i decide to upgrade i will probably only take about a $10k loss, but still have about as much as needed for a new sport.
currently emailing back and forth with the rep from yesterday. pushing $45000 out the door (800 below their asking price, taxes fees etc included)
currently emailing back and forth with the rep from yesterday. pushing $45000 out the door (800 below their asking price, taxes fees etc included)
08-31-2012, 05:41 PM
#10
Registered User
They're very high on their 2 year lease quote on the S. The residual and money factor currently offered are much better than when I picked up my '11. My 24 month lease total came out to a hair over $14k ('11 Journey coupe w/Premium, Nav, Sport, Kick Plates).
I'm thinking a lease on a similar '12 should come out closer to ~$10k.
I'm thinking a lease on a similar '12 should come out closer to ~$10k.
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