just got back from infiniti, my friend wants to lease an 08 g37, and wants to buy it at the end of the lease, which is why the down payment is so high, anyway im curious to see how good this deal is...

$6900 down payment
$329 per month for 39 months
10k miles per year

the car isnt for me, but im just curious to see if its a good deal so i can help my friend make the decision...thanks..

 

too much of a downpayment on a lease. even if he plans to buy it, if he crashed the car and totals it, that $6900 is gone forever. What exactly does planning to buy it at the end of the lease have to do with the downpayment now? It's not going to affect the residual value of the car at the end of the lease.

 

agreed.. ^

 

plus you don't have enough details for us to know anything.

what is the sales price of the G37?
what trim and options?
what is the money factor and residual the dealership is showing you?

 

10k yr 6900 down = no deal

 

Just buy it now. What's the Problem?

 

+1. On a lease you are paying a much higher interest rate than with the .9% going on right now.

 

sorry i was in a rush, i had to get to work and i forgot to add all the details. its a 2008 G37S with premium and sport packages. the negotiated price on the lease was around 39,500, MSRP was around 40,500. im not sure of what the money factor and residuals were, i was just negotiating hard numbers with the guy. my friend wanted it for 6,000 down, 329 a month. the closest we could come was 6,900 down. dealership said 6,000 down, 329 per month was impossible..

 

You were able to negotiate only a thousand off...many on this forum have done much, much better (upwards to $4 - 5K off MSRP).

What others have said...get the MF rate and residual and do your own math to determine whether it's a good deal; at first blush, I would say it's not a good deal.

Finally, never put money down on a lease - ever! Put your cash in a bank, CD, bond, stock, etc. Let your money work for you. A car is NOT an asset.

Semper Fi