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Is this a worthwhile deal?

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Old Apr 9, 2008 | 03:50 PM
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Is this a worthwhile deal?

Hey all, new to the site, I'm in Columbus Ohio and this is the offer:

G37 Journey with Premium and sport pkg

39 months/12K
MSRP 40965
Cap Cost 37958
Residual 60% 24579
Cash Due 4877.65
Monthly 400

39 months/15K
Residual 59% 24169.35
Cash Due 5252.29
Monthly 399.98

Thanks!

ALL MONEY FACTORS ARE 1.990 = 4.776% APR
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Old Apr 9, 2008 | 05:03 PM
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4877$ down ? Thats NUTS!! Never put that much down on a lease.

For that much down, the payment seems a bit too high.

Run some numbers at :

http://www.leaseguide.com/calc.htm

First month's payment and driveoff is what I would do.
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Old Apr 9, 2008 | 05:08 PM
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I ran some numbers for you.

Looks like the dealer is charging you $1000 in dealer fees. This is apart from the bank fee of $595 that IFS charges you.

I would walk away from this deal. You r paying $1000 too much IMHO.

The max dealer fee I would pay at this juncture would be $100, NOT $1000.00
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Old Apr 9, 2008 | 05:28 PM
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WOW, it's a lease correct? Why the down payment? You're paying too much up front. You lose that money immediately. Walk away. You should also read the "leasing tips" in this forum. The link is here somewhere.....

Last edited by Achilles; Apr 9, 2008 at 05:31 PM.
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Old Apr 9, 2008 | 05:40 PM
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Well, what brought me in to the dealership was the ad of $3999 and $400/mth for 39 mths...Then I started seeing how nobody was putting down what I was (4 grand) and had the same monthly payment I did. All the 3 ealers I've talked to have all said the same rough thing-about 4k down.
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Old Apr 9, 2008 | 05:51 PM
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they can be talked down.. work some magic
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Old Apr 9, 2008 | 06:06 PM
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So this is the quote from the 3rd dealer:

Cap Cost 39,118.97
Monthly Payment: 398.00 39/15K
Monthly Payment: 389.00 39/12K
4000.00 due on delivery

Now i'm working through that leasing calculator and with the numbers I'm working with, it seems nigh impossible that I can get a sub $400 p'ment without putting down at least 2500-3000...
This is what I get for pursuing a communications major...
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Old Apr 9, 2008 | 06:48 PM
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No. And no.
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Old Apr 9, 2008 | 06:55 PM
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go4gr8, I'm open to suggestions man.
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Old Apr 9, 2008 | 07:33 PM
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The money down ads are a come-on to get you to say "wow, I can afford $399 mo." If you wreck the car, the down payment goes "poof". Read more around this part of the site, but try to stay away from any money down lease deal. Just pay the freight and get the best deal without handing over any cash (except maybe your sec. desposit, maybe...) Good luck!
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Old Apr 9, 2008 | 08:06 PM
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no way.
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Old Apr 9, 2008 | 08:24 PM
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I'd rather eat dog poop than take that deal.
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Old Apr 9, 2008 | 10:33 PM
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From: Buckeye Land, OH
So how about this then:
Lease Offer -- 2008 Infiniti G37 Journey MSRP $36,775, 39 months -- 10,000 miles per year $399/month - $1889 initial payment.

Excludes taxes, tags, title, license and options. $1889 initial payment required at consummation. (includes $1490 consumer down payment, $399 first month payment, $0 security deposit.)
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Old Apr 9, 2008 | 10:34 PM
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From: Chatsworth CA
just the base journey model?
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Old Apr 9, 2008 | 10:44 PM
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From: Buckeye Land, OH
Journey with premium pkg
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