c47v3770

Just got this 39 months lease offer for a G37 Journey with Premium. No navigation though.

Is this a good deal?

Please take a loot at the pics below.

Thank you!!



and this...

c47v3770

Here are bigger pics:

http://i48.tinypic.com/2h4hjch.jpg
http://i47.tinypic.com/mhvrxy.jpg

For just Premium pkg, it doesn't seem too hot of a deal...huh?

ejhyun

NO, money factors are way marked up. Also, in the second quote, no way should the payment jump that much going from 10k to 12k.

c47v3770

Thanks for the feedback!

I got a new offer today. This is for 24 months, 12k miles, GAP, premium and Nav. I still get a bit confused with the wording but here it is. Does it look any good??

Capitalized Cost...... 38,097.31 Pro-Rata.............. 0.00 Total A.M.O.'s........ 0.00 Cap. Reduction........ 0.00
Tax................... 457.17 Doc Fee............... 125.00
Service Cont.......... 0.00 Tax................... 0.00
Bank Fee.............. 700.00 License Fees.......... 131.00
Total Cap............. 39,254.48 Advance Pmts.......... 399.88
Cap Reduction......... 0.00 Security Deposit...... 0.00
Net Cap............... 39,254.48 Total Drive Off....... 655.88
Residual....70.00% ... 30,275.00 Less Net Trade........ 0.00
Total Depreciation.... 8,979.48 Less Rebates.......... 0.00
Cash Due on Delivery.. 655.88
Depreciation.......... 374.15
Rent.................. 25.73 Rate.................. 0.370
Monthly Payment....... 399.88 Term.................. 24

EKinNYC

it seems slightly high but not unreasonable. im paying 335/mo for 24/10K on a premium w/nav sedan. out of pocket was 1350. do you NEED 12K miles?

btw... all IFS leases come with GAP, dont let them make it seem like theyre doing you a favor by adding, or asking extra for it!!!

c47v3770

Thanks!
Thing is, right now work is really close (about 5.8 miles each way)...so that's about 3,016 miles/year just to get to work BUT I don't know if I will be switching work locations since I'm in consulting.

If you were offered that deal, would you take it?

Sales manager says that's the "best" he can do..

EKinNYC

i'd call BS on "best" he can do

i dont know where you are located, but im in brooklyn, ny (aka home of super high prices on everything) and my local dealership is offering the 13 with premium and nav for $259 ($1954 due at signing). with the Q coming out, they should are giving these cars away.

c47v3770

I'm in Houston. Maybe it's the fact that I'm putting zero down?
He said he will go down to $365/month. I'm asking for all the numbers now.
Is 0.374 as a money factor bad?

Thanks!!

EKinNYC

365 from 399? i thought that was his best offer haha. keep milking him.

0 down you mean 0 cap cost? thats fine. my 335 was with 0 cap cost as well.
what was your total drive-off price?

if my math is right, that money factor comes out to a rate of 8.976%, which sounds way too high!!!

0.00374*2400 = 8.796%

c47v3770

I'm trying to get it lower. Total drive-off price was $655.88 but it should be lower now that he's lowering the payment amount. Told him about the money factor. Where did the 2400 in your calculation come from? I'm new to the leasing game..haha

Thanks for all your feedback!!

EKinNYC

with that driveoff, the price seems reasonable. what is he rolling into the payments?

the 2400 is the method of converting the money factor into an interest rate

Car Lease Rate - Money Factor

c47v3770

Still haven't gotten a reply from him.
But if I plan on returning the car after the 24 months, should I even be trying to get a lower money factor?

I'm comfortable with 365/month.

Can't wait til I fully understand the whole concept of leasing...ha

c47v3770

He says that "I'm not even paying 1.00%"
I'm confused

ejhyun

you're not paying even 1.00%. .37 in the Infiniti world = .00037, which is .88% interest.

c47v3770

He's not going any lower.
Do it or pass?