Buying & Leasing Interested in getting a G37? Ask your Questions in here.

Good deal or no?

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Old Apr 14, 2008 | 01:35 PM
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Good deal or no?

Hey guys. I ordered a G37 6MT with the premium Pkg, spoiler and splash guards. I am going to lease the car.

My tax rate is 8.375%

This is the deal I got:

Total money out of pocket due at signing $4000

39 month lease

$398 per month. 12K miles per year.

Is this good? Should I go somewhere else?
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Old Apr 14, 2008 | 01:50 PM
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anyone?
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Old Apr 14, 2008 | 02:20 PM
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Why are you putting $4000 down on a lease?

What are all the numbers? MSRP, invoice, your price for the car, fees, residual, money factor etc?
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Old Apr 14, 2008 | 02:57 PM
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msrp: $40275
Cap Cost: $37,338
Residual 64%

Total "fees" $1000

Reduction $2949

rate 2.08

Pmt $398.79 for 39 months

Total out of pocket at signing $4K
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Old Apr 14, 2008 | 03:17 PM
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your monthly payments are lower than mine... i got a bad deal on my car
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Old Apr 14, 2008 | 03:19 PM
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Originally Posted by richyim
your monthly payments are lower than mine... i got a bad deal on my car

I just want to make sure I'm not getting screwed. Anyone else?
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Old Apr 14, 2008 | 03:35 PM
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From: NY
Originally Posted by tonytartufo
msrp: $40275
Cap Cost: $37,338
Residual 64%

Total "fees" $1000

Reduction $2949

rate 2.08

Pmt $398.79 for 39 months

Total out of pocket at signing $4K
Do you mean .00208 for the MF or 2.08%
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Old Apr 14, 2008 | 03:46 PM
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Originally Posted by tonytartufo
msrp: $40275
Cap Cost: $37,338
Residual 64%

Total "fees" $1000

Reduction $2949

rate 2.08

Pmt $398.79 for 39 months

Total out of pocket at signing $4K
OK I did the math with .00208. I get $389.52/mo

You really shouldn't put that much down on a lease!
64% seems high for a 39 month residual, you did 10K miles I guess?

Last edited by Lisa; Apr 14, 2008 at 03:50 PM.
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Old Apr 14, 2008 | 05:16 PM
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Originally Posted by tonytartufo
I just want to make sure I'm not getting screwed. Anyone else?
Looks fine to me... is this with IFS perhaps?
Originally Posted by richyim
your monthly payments are lower than mine... i got a bad deal on my car
No, you just drove off with less out of pocket when you got yours.
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Old Apr 14, 2008 | 05:38 PM
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4k down on a lease???

Why dont people who would like to lower payments take advantage of MSD's if they have the money to put down regardless?


EDIT: Seems like about $2500 down with inceptions totaling to about $4k out of pocket drive off...So I'll edit to say:

$2500 down on a lease???
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Old Apr 14, 2008 | 07:20 PM
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Originally Posted by Lisa
Do you mean .00208 for the MF or 2.08%
yes
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Old Apr 14, 2008 | 07:20 PM
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Originally Posted by Lisa
OK I did the math with .00208. I get $389.52/mo

You really shouldn't put that much down on a lease!
64% seems high for a 39 month residual, you did 10K miles I guess?
12K miles per year
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Old Apr 14, 2008 | 07:21 PM
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Originally Posted by G35Tuning
4k down on a lease???

Why dont people who would like to lower payments take advantage of MSD's if they have the money to put down regardless?


EDIT: Seems like about $2500 down with inceptions totaling to about $4k out of pocket drive off...So I'll edit to say:

$2500 down on a lease???

Trying to keep my monthly debt low since I'm in the process of buying a home as well.
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Old Apr 14, 2008 | 08:11 PM
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Originally Posted by tonytartufo
Trying to keep my monthly debt low since I'm in the process of buying a home as well.
While the lower payment is appealing, it's not the best move. If the car is totaled or stolen you don't get that money back. You're better off investing your 4k, earn interest and pay it over the course of the lease with a higher payment.

Why pay now and risk a loss, when you could pay the same amount over time?
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