My Take: Looks like the July numbers have carried over into August, so don’t expect to pay anymore than you did last month. The loyalty and conquest cash is still there to be had until 9/30/2010. It’s looking like the G37 Sport (manual transmission) models are going to top this month’s Round-Up again (will be posting that towards the end of the month), so whether you are looking for a luxury sedan or coupe, the G37 should still do the trick. I recommend waiting until last minute to pull off the deal so you can increase your chances at a lower sale price.
2011 Infiniti M37 RWD
36-month | 15k miles | residual 54% | .00176 base money factor
2011 Infiniti M37 AWD
36-month | 15k miles | residual 56% | .00130 base money factor
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2010 Infiniti FX35 RWD
36-month | 15k miles | residual 47% | .00038 base money factor
2010 Infiniti FX35 AWD
36-month | 15k miles | residual 48% | .00041 base money factor
2010 Infiniti G37 Anniversary Edition Sedan
39-month | 15k miles | residual 56% | .00121 base money factor
2010 Infiniti G37 Journey Sedan
36-month | 15k miles | residual 57% | .00107 base money factor
2010 Infiniti G37 Sport Sedan
36-month | 15k miles | residual 59% | .00107 base money factor
2010 Infiniti G37x Sedan
36-month | 15k miles | residual 58% | .00112 base money factor
2010 Infiniti G37 Sport Coupe
36-month | 15k miles | residual 63% | .00131 base money factor
2010 Infiniti G37x Coupe
36-month | 15k miles | residual 61% | .00163 base money factor
Do you have the numbers for a 39 Month/15K on a G35X Sedan? Thanks.
whatever I have posted is what I currently have found. will update as I find more.
Great site! I just came back from a Suffolk County, NY dealership who told me that for a 15k miles, 36 month lease on a 2010 Infinity G37x Sedan, the residual was 57% and the money factor for tier 1 credit was 0.00126. When I told the salesperson that my research showed 58%/0.00112 (the numbers reported above), I was advised that my numbers were wrong. Is this a dealership trick to increase their bottom line, or is it possible that the dealership is using another lender with different residuals and money factors for a 15k lease?
Dealers usually prefer to use captive bank rates first, but if a better deal can be had using third party banks, they will try that as well. What I would recommend is contacting another dealer around your area to cross check your numbers. The numbers I find aren’t 100% accurate sometimes. There are instances where the numbers are regional or misreported so it’s best to do some crosschecking with dealers to make sure.
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UPDATE: Looks like the number you where quoted is for a 39-month lease of a 2010 G37X Sedan with 15,000 miles per year. (.00126 and 57%)
I am trying to understand how these numbers fit into payment calculation. In particular, I am wondering if the current Infiniti G37 lease promotion includes 10,000 miles per year and I’m wanting 15K, do I have to adjust the selling price upward for additional miles before I plug your numbers into a payment calculator? Otherwise, how do I adjust for the extra 5k miles per year? I realize that the residual will be larger for for 10K miles than for 15K miles and that will increase the payment, but don’t they charge 10 cents per additional mile up front?
rw, you adjust the residual value by 3% when you go from 10k miles per year to 15k. I post 15k miles per year residuals, so you shouldn’t have to make any adjustments to your calculations. IFS or any other captive/factory bank will usually publish their residual values based on 15k miles per year of driving and they adjust the residual percentage according to your needs. If you need to exceed the 15k miles, they will charge you a predetermined rate (in this case, 0.10 per mile) for every mile you go beyond 15k.
RW – the lower residual % for a 15K lease (and thus the higher cost of such a lease) is meant to account for the additional miles that will be put on the vehicle and the resulting lower value of the vehicle at lease end. To my knowledge, there is no additional milage charge if you select a 15K lease as opposed to a 10K lease.
Hey G,
great info, thanks for all your work on this.
You wrote that if you exceed the miles the predetermined rate is .10 per mile. Is that all IFS charges, and the .20 – .25 per mile fee we typically see is just a dealer mark up? Do you know if a contract can be negotiated to this 15k/year and 10 cents a mile over? seems like a GREAT deal if so. Thanks again!
the penalty fee you get changed for going over your miles is more than if you where to “pre-negotiate” it during lease signing. That’s not really a dealer markup since that’s the bank’s policy for going over your miles. If you need more than 15k, i recommend letting the dealer know in advance and add it into your contract so you don’t get hit with hefty fines for going over your miles.