I chose to purchase mine. The company that I work for allows me to take a different vehicle home from work each day, so I get to drive a variety of different vehicles (within reason). My G is my fun car, or a driver when absolutely necessary (when there are no company cars available). I plan on having my car for 4-5 years, so yeah, thats my deal.

 

It's not really leasing vs. buying... because in some instances it can be better to finanace. In the G37's case however, the lease numbers are very attractive and pull heavily in the favor of leases.

Infiniti has provided strong backing for the G37 lease programs (ie below market): 12k lease = 77% residual & .00195 MF.

This means that you'd only be paying 23% of the car over a 24 month period, at only 4.68%. Even if you were planning to purchase the car at the end of 24 months, you allowed yourself to defer a lot of money by leasing:
1) you only pay tax on the monthly payment amount (minus certain states like NY); if you finance you pay all the sales tax up front, and if it goes into your loan balance, you're also getting hit with finance charges applied against it
2) that 4.68% is applied only to the "rent charge", or the 23% of the selling price of the car

In short, there are times where lease numbers speak for themselves. On the other hand, Volvo & Porsche leases are really pretty awful.

 

DJI hit it spot on. A few things I'll add that made had me deciding to lease vs. buy.

1) No negotiating a sale privately (which I won't recover taxes on), and no getting screwed on a trade-in.
2) I'm not planning to keep this car more than 5-6 years, which is the point where buying becomes the option.
3) If I wreck, I don't lose resale value, as the depreciation is already set. To be square with infiniti I just need to have if repaired professionally.
4) If something changes with the depreciation of these vehicles, I'm safe either way. If they turn out to depreciated at a higher rate than expected due to recalls, mechanical issues, etc, no problem. If they depreciate LESS than expected, I have the option to buy at my calculated residual, and can sell for profit, or hold on to it for longer.


Run the numbers sometime - it can be pretty interesting.

 

Bingo!

 

re: Kahboom & OPen Class...

There's nothing wrong with financing at all, nor is having equity... but the point of leasing is not to have any equity - because you didn't have to pay for it during the term of your lease.

It's just a way of minimizing your monthly outlay/maximizing cashflow.

There is a certain sense of stability that comes with financing that you simply can't discount.

 

"Equity" on a liability? That's new!

 

Oh please! you can't break a lease without penalties and I can sell my car at any point, because I put enough down there is equity in it.

ding bat.

 

Just to clarify... though you can't "break" a lease - as in giving up the car, and sending it back to Infiniti Financial services, you certainly can sell the car and give them the payoff amount.

Having equity is great, but it certainly isn't free... you had to have either paid for it up front (down payment), or throughout the term of your loan. I like to compare it to federal income tax/tax returns.

Big tax returns are great... until you realize that you gave Uncle Sam an interest free loan.

 

If I wanted to break a lease, I wouldn't have it in the first place, I'd purchase.

If "equity" is meant by a fancy name called, ownership, then yes, you will own it down the road, but its resale value will always be lower that what you've paid for.

So I'm a little confused by this word, "equity".

I also love how you called me a ding bat. Shows a lot in yourself, doesn't it?

 

this is why you should lease. bold statement, i know.

http://www.autoblog.com/2008/03/06/n...-depreciation/

 

^Wow, i didn't think that they would depreciate that bad. I actually just made a new topic about this.

Nissan's magazine stated that Kelly Blue Book is projecting the G37 as one og the top cars to hold their value in the next five years.

 

considering Florida is one of the worst driving states ever... if you get banged up because of some other douche hitting you, you don't have to worry about suing the douche to recover diminishment of value (should your state allow it), or depreciation of the car as a whole...

Case and point... my SC430 got smashed up pretty nicely... Carmax would only give me 23k for it and payout on the vehicle was 29k. Had I purchased the vehicle, I would have had to eat 6k (unless I sued the aforementioned douche)... with leasing I turned the car in, gave them keys, proceeded to nearest dealership for my next victim.. err, car...

 

Didn't someone say before that leasing is about paying for depreciation?

 

Very true, however, Nissan/Infiniti financial have excellent offers that promote leasing unlike many other companies like Volvo and BMW to name a few. Also, if your planning on switching cars every couple of years or so i would anticipate leasing be a better route since you wouldnt have to face harsh depreciation with a trade in or private sell.

my 2 cents

 

It is, but many captive leases are heavily backed.