My Take: The official word is that the 08 G35 and G37 July rates will carry over to August, possibly into Sept 2. The 09 models will be arriving in September, so G’s in general are no longer in production. The days of getting a G35/G37 for under $400 with no cap reduction are not exactly over. However, selection is limited, so you may not get exactly what you want. Also, keep in mind that Infiniti has introducted 1.9% financing for up to 72 months as well (in addition to their 0.9% for 60 months), in case you wanted to go the purchasing route. Lets play with some numbers, shall we?
- G35 Journey + Premium
- MSRP $36015
- Invoice $33046
- Standard inception fees plus tax
- Terms in BOLD
G35 24mo Payment: $445 at invoice, $572 at MSRP.
G35 36mo Payment: $429 at invoice, $515 at MSRP.
Not as cheap as it used to be. Using June’s numbers, this same car at invoice would have been $400 on a 24mo/15k lease. To say the July/August aren’t as good is an understatement, but I sense that things could get worse, so leasing the G now may be the best time. The good news is that the G35 can be had below invoice in most areas with fairly good competition. Assuming the following conditions, 36mo/12k, $500 under invoice, your monthly payments can get as good as $395 + tax. Drop to a 10k mile lease and you are looking at $376 + tax.
- G37 Sport + Premium
- MSRP $40215
- Invoice $36856
- Standard inception fees plus tax
- Terms in BOLD
G37S 24mo Payment: $470 at invoice, $616 at MSRP.
G37S 36mo Payment: $474 at invoice, $793 at MSRP.
The funny thing about the G37 is that it leases better at 24 months. It was the same back in May/June too. I kind of regret not going for the 24mo lease over the 39mo lease come to think of it. Oh well, whatever. The G37 should be attainable at invoice in most areas with high competition. I haven’t heard of many people getting it for under invoice, but lets assume you can get it for $250 under invoice, and change the terms to 24mo/12k (10k is the same residual as 12k on a 24mo lease, so no point doing 10k). The payments should be around $439 + tax. Gone are the days where you could get a well equipped G37 for under $400. Of course, if you don’t mind getting the base model (like I did), you can still get it for $383 +tax per month at invoice for the 24mo/12k term…assuming you can find one.
2008 Infiniti G35 Base Sedan
24 Month – Residual 67% of MSRP – .00103 Base Rate
36 Month – Residual 57% of MSRP – .00134 Base Rate
2008 Infiniti G35 Journey Sedan
24 Month – Residual 66% of MSRP – .00103 Base Rate
36 Month – Residual 56% of MSRP – .00134 Base Rate
2008 Infiniti G35 Sport Sedan
24 Month – Residual 66% of MSRP – .00103 Base Rate
36 Month – Residual 56% of MSRP – .00134 Base Rate
2008 Infiniti G35 X Sedan
24 Month – Residual 68% of MSRP – .00147 Base Rate
36 Month – Residual 58% of MSRP – .00167 Base Rate
2008 Infiniti G37 Coupe
24 Month – Residual 73% of MSRP – .00190 Base Rate
36 Month – Residual 63% of MSRP – .00216 Base Rate
2008 Infiniti G37 Journey Coupe
24 Month – Residual 70% of MSRP – .00190 Base Rate
36 Month – Residual 60% of MSRP – .00216 Base Rate
2008 Infiniti G37 Sport Coupe
24 Month – Residual 71% of MSRP – .00190 Base Rate
36 Month – Residual 61% of MSRP – .00216 Base Rate
* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com
just as an fyi, all of the dealers in my area are quoting a residual for 36 months, 12k miles / yr of 59% for the g35x. hmm…..? that 1% difference is an extra $10 per month. ???
that’s odd, going from 15k to 12k on 36mo lease should give you a 2% bump. Its 1% if you go from 15k to 12k on a 24mo lease. Weird. Well, I highly doubt the residuals are regional…probably something worth keeping an eye on though. Thanks for the heads-up. The 1% should be around $8-$10 depending on the sale price, not too horrible if you ask me.
Ya, Tarry is making this very mistake with all IFS leases. It’s +1% for 12k and +2% for 10k on all terms except for 24 months.
I think I have a good deal on the table for a G35 with Premium, for $420 mo., for 39 month, 10k miles, $635 down which includes 1st month payment.
that sounds pretty good. looks like it’s under invoice. If it includes taxes, it’s even better.
The 39 month residual was 57%, money rate .001530. My final price for the G35,10k miles, prem. with wood, had a cap cost of $33640, doc fee $445, bank $595, less $500 loyalty, with $651 down was $425 w/o tax.
So your total drive-off was $651?, if that is the case, congrats, that is a good price.
Tried to get pricing on 12k miles 36 month from the dealer who told me that the residual for for the G35 Journey was 57%, increasing only 1% from the 15k miles (56%). The same residual (57%) as quoted for 10k miles.
Is this correct?
According to DAVE ISM (see comments above) on a 36mo lease, 12k is 1% and 10k is 2%. On 24mo leases, a 12k and 10k lease is 1%. Technically, in a 24mo lease, 12k or 10k car costs the same, which means pretty much means there isn’t a 10k lease. Dave ISM is one of the Internet Sales Managers here in So Cal. One of the good guys.
Should the money rate change going from 12k to 10k miles 39 months? I was quoted .00153 for 39 months vs. the .00134 you indicated for 36 months.
Yeah, 39mo rates do change from 36mo. I actually do not have access to those numbers so I can’t confirm the .00153 MF on the 39mo. But that was the case for my 39mo leas.
hey.. Do u think the September rates will be better, or would you just get the g35x now?
z: I can’t say for sure, but I anticipate the numbers in Sept to be worse because the 09 models will be out sometime next month. If I had to take a chance, now would be the time.