Update! Last week, I got an email from VC (a long time reader of this blog) and here’s the deal he got on a G37…
The MF was .00147(regular) and i put 9msd(max of .0001) reduction…..bringing a total of [.00147-.0009) = a reduced MF of .00057 Each deposit was $400(x9) = 3600.
Essentially I put 3600 due(100% refundable)…..plus $1180(registration…aqq fee…dealer fee)…plus another 1000(infiniti owner loyalty rebate). for a total of $ $5800 due upfront.
So essentially only $1180 due, since 1k is rebate, and the 3600 is completely refunded.
They took close to 5k off msrp, plus another 1k(infiniti owner loyalty bonus cash…used towards cap-cost reduction).
so with about 1180 due, plus the MSD. i got the payment to be $280 a month!!! i got this one fully loaded too. navi, premium, spoiler, etc.
msrp was 46,800. January had a $500 detroit auto show bonus cash, so that helped too. make sure you let people know, the G37x coupe is great deal, ESPECIALLY on 24month lease right now.
Wondering if February rates are still the same? They are! IFS carried over their lease rates from January into February, with the exception of the G37 Convertible Sport, that one gets a 3% bump in residual and a 0.00001 increase in the MF. Despite this “good news”, I am expecting IFS to modify their rates in March. It is rare that lease rates remain the same for more than two months, so if you like these numbers, make sure you cut a deal this month.
I think the G37 Journey gives you more bang for the buck, but if you don’t need the extra power, go with the G25.
As a special bonus from our sponsor, the G37 IPL rates are also posted. Enjoy!
Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.
2011 Infiniti G25 Sedan Journey
MSRP – $31,825
Sale Price – $28,383
Monthly – $299 + tax
RWG Rating – 101.1
2011 Infiniti G37 Sedan Journey
MSRP – $36,275
Sale Price – $31,282
Monthly – $317+ tax
RWG Rating – 106.7
For Dealer Quotes, Click Here.
2011 INFINITI G37 COUPE IPL AT
36 month | 15k miles | residual 60% | .00138 base money factor
2011 INFINITI G25 SEDAN BASE
36 month | 15k miles | residual 61% | .00123 base money factor
2011 INFINITI G25 SEDAN JOURNEY
36 month | 15k miles | residual 62% | .00123 base money factor
2011 INFINITI G25 SEDAN X AWD
36 month | 15k miles | residual 64% | .00146 base money factor
2011 INFINITI G37 SEDAN JOURNEY
36 month | 15k miles | residual 60% | .00100 base money factor
2011 INFINITI G37 SEDAN X AWD
36 month | 15k miles | residual 62% | .00125 base money factor
2011 INFINITI G37 SEDAN SPORT MANUAL
36 month | 15k miles | residual 59% | .00100 base money factor
2011 INFINITI G37 COUPE BASE
36 month | 15k miles | residual 67% | .00138 base money factor
2011 INFINITI G37 COUPE JOURNEY
36 month | 15k miles | residual 64% | .00138 base money factor
2011 INFINITI G37 COUPE X AWD
36 month | 15k miles | residual 65% | .00147 base money factor
2011 INFINITI G37 COUPE SPORT MANUAL
36 month | 15k miles | residual 64% | .00138 base money factor
2011 INFINITI EX35 AWD
36 month | 15k miles | residual 60% | .00158 base money factor
2011 INFINITI EX35 AWD JOURNEY
36 month | 15k miles | residual 57% | .00158 base money factor
2011 INFINITI FX35 AWD
36 month | 15k miles | residual 56% | .00129 base money factor
2011 INFINITI FX50 AWD
36 month | 15k miles | residual 53% | .00145 base money factor
2011 INFINITI G37 CONVERTIBLE BASE
36 month | 15k miles | residual 61% | .00180 base money factor
2011 INFINITI G37 CONVERTIBLE SPORT 6MT
36 month | 15k miles | residual 62% | .00180 base money factor
2011 INFINITI M37 SEDAN X AWD
36 month | 15k miles | residual 55% | .00054 base money factor
2011 INFINITI M56 SEDAN X AWD
36 month | 15k miles | residual 53% | .00124 base money factor
2011 INFINITI QX56 4WD
36 month | 15k miles | residual 55% | .00220 base money factor
Damn that’s a good deal. IFS acquisition fee is $595
Example for me on a 36/12 lease:
2011 G37 AWD Sedan w/ Premium Pkg + Navigation
MSRP: $41875
Sale Price: $37421
MF: .00125
Residual Value: 64% (12k/year)
Sales Tax: 5.6%
$396.32
Rating: .92
In comparison, the lease I did last July on a 2010 Honda Accord EX-L was:
MSRP: $31,855
Sale: $27,242
MF: .00121
Residual: 52%
Sales Tax: 5.6
$369 monthly
FYI: Neither of these examples includes the Honda or Infinity $595 acquisition fee. I usually roll into my Cap Cost making the monthly payment a bit higher (Of course G, you know all this!!).
Obviously the G37 is a helluva deal because of the high residual. I leased my 2010 Accord a month before the mid-cycle refresh 2011’s came out, thus the low residual which makes a huge difference in your monthly payments.
Ended up leasing a G25 Base today
15k per yr/3yrs
Sale Price of $28300
MF: .00126 (orig .000216 – tier 2 credit plus 9 security deposits)
Resid: 62%
paid $4900 down (3150 as security deposit, 1700 for fees/1mo)
$326/mo
seriously considered a g37 w/premium pkg but didnt need sunroof/heated seats..no dealers will stock a ‘base’ g37 — they add the prem package + sunroof to all (ugh)…altho that g37 can fly!..idk, it was only $55 more/mo + $1k more security deposit…but for my needs/habits the g25 is solid. the car is the secks and the wife loves it.
lessons learned: 1) go right to the F&I mgr to get the deal done if you are doing MSDs. our salesman was clueless and wasted time with the back and forth. 2) despite my earlier post, MSDs are totally worth it if you have the $ — our return (in the form of savings) is 19% per yr. 3) check your numbers — even the F&I guy kept getting our tax % wrong for our out of area county. 4) DO YOUR HOMEWORK beforehand. Do. Your. Homework.
G — thanks a million for all the good info you provide.
@patrock. congrats on the new ride! I think it was a good call to go with the G25. Its nice to have the speed but if you don’t need it, why pay for it. Anyway, great advice on talking to the F&I mgr and going with MSDs. Doing your homework does payoff in the long run.
Hey G,
I’m looking to lease a G37 Coupe Journey w/ premium+navi+sports packages. I wasn’t planning on getting it until June, but do you think I’ll regret it if I wait it out? I started contacting dealerships around to see if any of em are willing to offer below invoice and such…but I really don’t need a car til June. What do you think?
@danimal. tough to say. Summer time isn’t a bad time for a G37. Last summer wasn’t so bad. However, right now, the deals are still quite attractive so it wouldn’t hurt to inquire. I think that leasing cars at the right time is like trying to buy stocks or a house when prices bottom out. You just never know. Depending on where you live, under invoice is actually the norm. Make sure to check out TrueCar.com and see what your local area prices look like. Then use that range for your negotiations. If I where in your shoes, I would wait it out since you don’t need the car. No sense paying in advance (remember you gotta pay insurance too) for a car you don’t need yet. I would say start getting serious about April/May.
G,
I’m looking to lease a FX w’ Premium and Deluxe Touring Package. MSRP is $50,425. Edmunds shows Invoice as $46,201 and TMV as $44,644 after incentive.
I have heard a couple of times that a dealership can’t get down as low on the selling price when it’s a lease versus purchase. Should that be so? Is there a reason I shouldn’t be looking for the lease purchase price to be the Edmunds TMV??
In addition, every Infiniti dealer has proposed a 39 versus 36 mo. lease. Good idea for me or better for them?
Carl
@Carl. That is correct. Nissan/Infiniti sometimes have a lot of cash floating around that is available for purchases only. Not only that, they cannot combined with with special financing either. So in order to take advantage of that cash is to either pay cash OR financing through a different bank. So whatever price you get quoted as a purchase, you have to take off the rebates in order to get an idea how much it would be for a lease. TMV isn’t accurate by the way. I used to use Edmunds to estimate pricing, but now I use TrueCar since it seems more accurate. Just make sure you take off any rebates off the price (TrueCar will tell you if any rebate are being applied) if they don’t qualify for leases. You can usually tell which ones don’t work for leases by reading the fine print. General rule of thumb is that if the rebate works for special financing, it usually will work for leases too. If it doesn’t work for special financing, then it probably won’t work for leasing unless it’s strictly specified.
As for the term, 39mo usually yields the best payments. But depending on how your dmv registration is paid (we pay yearly in California, which makes 39mo leases a bad idea), 39-month leases might work for you. In my case, I am stuck having to pay $300+ in May for my 2011-2012 registration, but lease ends in August. Talk about raw deal there. When I get into another lease, I have to pay another full year of registration. I basically have to pay 2 years of registration this year. Sucks. 39mo terms, according to my Acura dealer, benefits the bank and I tend to believe he speaks the truth on that one.
Hi G–
How do the numbers change for a 24 month lease? Looking at a Journey Coupe with 15k a year.
Thanks
greg. i don’t have official numbers for 24 month leases. however, the money factor should be the same as the 36 month. The residual should be much higher though. You can ask your dealer for the residual, they are usually willing to give that out since they can’t really pad or change that number. The MF on the other hand, it’s fair game.
Hey G whats the residual & money factor on a 39 month lease for a G37x coupe? oh and on 15,000 miles
Hey G – When you thinking you’ll get a hold of March rates??
Sometime in March? LoL. In all seriousness, I get the most of the numbers within the first two weeks of every month and they will get posted within 48 hrs of receiving them. I will try to get the Infiniti numbers posted first if I happen to get them all in a batch.