Hey guys, I am wondering what you guys think between buy and lease! I am also wondering what will be the major repair cost on a G37 after warranty expires! Is infiniti reliable? I have heard some people say that the suspension after three years won't be good and there may be some issues about its transmission! What else maybe potential money black hole on this car? Thank you very much in advance!

 

Infiniti's are pretty reliable. The VQ engine has been rated as one of the top 10 engines in the world since it's inception. I had a 2003 G35 coupe and it had no major problems. I never had to get any major repairs on it.

As far as buying and leasing goes, that's on on your wants and financial status. With a lease, you won't really have to put anything down unless you want to lower the payments, but I wouldn't recommend doing that with a lease since that's money you'll never get back. If you know you're gonna switching cars every 3 years or so, then definitely lease, since you're really only going to be paying the depreciation, and if you like the car you can even get the car financed before the lease ends.

The only black hole this car has are the mods, LOL.

 

I'm leasing my current G37 and leased my last G35. The G holds its value very well so it's kind of a bargain to lease if you don't drive much.

The sweet spot for a G37 lease for me was at 39 months (i.e., your monthly will actually be higher at both 24, 36, 48 month leases). I just got mine, so that's probably still the case.

If you're going to keep a car a long time or drive over 12-15,000 miles a year, purchasing may be a better choice.

One of the big reasons I leased again this time was the uncertainty over gas prices and the economy. The G37 doesn't exactly sip gas, so if prices were to go up again, resale value could drop. If you lease and that happens, the leasor takes the hit on the reduced resale value instead of you. If it doesn't, well, I'm no worse off than if I had a normal lease.

At least that's how I looked at it, YMMV of course. I was ready to get rid of my G35 when I hit 39 months, so I don't regret leasing. There really isn't a right or wrong answer though (unless you go way over allotted mileage).

 

first i have to say, My grammar is bad, hope you understand !!!

Buy and Lease

I have purchased cars and have leased car !! my answer my help your Q.
I will say it really depends what kind car you are getting ;
If you are the person who changes car every 2 years or 3 years; then lease it. because for short term your car value will go down fast.
if you are purchasing , then you want to keep your car at lease 5 years.

But, it depends....Don't ever lease Civic, Corolla, mini cooper, and so on......these cars are holding value very good.

BMW, MB, Audi most luxury cars are depreciating very quick in 2 years, so these car you want to lease it!!
I am not sure but G37 will holds the value pretty good.
Past G35 held value crazy!!!!!
and the last, You have to know that all America business Law or taxation are for rich people. All law and new finance law helps more rich!!!!

 

Don't forget to take any mods into account. If you're the type of person who wants to tinker with your car, then you want to buy it. Anything you add on to a leased vehicle has to be taken off when your lease ends (unless you have a very understanding dealership, which is rare during difficult economic times). I had a friend who actually put $5K in upgrades into a leased BMW (and most of them were dealership installed upgrades), and they proceeded to charge him for the "damages" upon his lease expiration because the car had depreciated more than expected and the dealership had to make up for their losses.

The bottom line... If you buy the car, it's yours! You can do whatever you want with it. If you lease the car, you have absolutely no ownership stake in it whatsoever. The dealership owns it, and they can do or say anything they want to you regarding it (within the boundary of your lease agreement). You are essentially renting that car, very much in the same way you rent a car from Alamo or Enterprise, just with different details.

In the end, it's your choice. But the G37 has a historically low depreciation, so it should be worth considerably more in 3 years than a comparably equipped BMW, Benz, or Audi. If you have the steady income to afford it, then buy it; you can't go wrong. If you're not quite liquid enough to buy it, then find a dealership with a flexible lease agreement.

 

I personally love leasing, and I've been lucky because every car I've leased was worth much less than the residual value when I returned it, I have always done better than a purchase.

A few points to consider. If you get a good lease deal, which means residual in the high 50/low 60% range with a competitive money factor of 4.5% or less then you will undoubtedly do better than a purchase. With my last lease, the MSRP was $50K, residual was $29K, I paid $43K, no money down, my total payments for the 36 month including depreciation, and lease charge was $20K. At the end of the lease the car was selling used on the lot for $25k. Whether you lease or buy, at the end of 3 years, that money is gone. You have to choose your leases wisely, as some cars will hold value better than others. It can be a crapshoot.

Also keep in mind unless you pay cash for your purchase, someone else still "owns" the car. Yes, you do have more freedom with mods and mileage, but you also get to enjoy further depreciation and a greater loss of return.

I'm always in warranty, I always have a new car, and I keep my liquid cash in a money market where it earns money for me. Buy appreciating assets, lease depreciating ones.

 

My last two cars, prior to my G37, were leased. It was an easy way to get a new car every three years without an argument from my wife. But frankly, I never was completely comfortable driving a car that wasn’t really mine. I took very good care of them but eventually just passed that on to the next owner. In that I plan to own my G37 for a very long time, I decided to buy this time.

 

what kind of payments do you have?

 

This lease vs buy is an age old question with its share of controversy and you have seen some excellent posts regarding individual tastes for either/or. I get bored easily and most of my cars are really hobbys that aren't driven collectively a lot of miles. My G is a year old with less than 4,000 miles. I paid cash and am not personally concerned with the depreciation or what my money would be doing for me in a money market. I like to play with the car and adjust it to my tastes and then will move into something else after my fun is over. I like to have the flexibility to make those decisions on my own time frame and when the market may bring a new car that I am interested in. The G is an impressive car in many ways and I enjoy it a lot as I am sure you will. I am keeping this one around for awhile and look forward to purchasing another depreciating asset soon (actually, used Gallardo is looking mighty cheap these days...... )

 

I'm sorry, that just doesn't make any sense to me, logic wise. Why WOULDN'T you want to lease a car with high residual value? People lease for 3 reasons generally; low payments, new car every few years and business.
Now your logic of not leasing cars that hold value pretty cancels out the "low payments" reason. Cars that don't have high residual value will cost more to lease, therefore it pretty much defeats the purpose of leasing.

The key is to lease a car that holds high residual value (such as the G37) and has a low money factor. Then just trying to get the sale price as low as you possibly can. As far as taxes goes, its simple, some states tax 100% of the car some just the depreciation and financing. That varies from state to state. Pretty simple if you ask me. I've leased 5 cars and bought 2 in my lifetime. Not much to it.

Another thing i wanted to bring up...I know a lot of folks like to say, "when you lease, that money is gone"...well its called depreciation, and buying the car doesn't exactly save you from it either. Its more of a "pick your poison" type thing.

Now the real arguments are "how many miles do you drive a year?" and "are you going to mod it?" those should be the main questions that set lease and buying apart.

 

So when you negotiate on a lease! Do you walk in the dealer shop pretending that you were going to buy it with cash, to negotiate the car price first, then tell them that you were actually going to lease and calculate your lease payments based on their interest rate. Or you go in there tell them that you want to lease, ask what payments they want, then just purely negotiate on the payments regardless of the interest rate, whole car value, and residual value ect. Or do you have to negotiate on all of the factors? Sorry about all the annoying questions, I have never leased any car before, so far, I have only bought one car with cash!

 

When you negotiate a lease, you need to make sure the residual value is high and the money factor is low. The reason being that in most cases, those numbers are fixed by the bank. There will be times where the dealers will "pad" those numbers, but IFS has generally been very upfront with those numbers.

Here's a LINK of October's lease rate from my site.

As you can see, IFS is not pushing the 24 month leases anymore. The 36/48 terms look better if you ask me.

Once you confirm those numbers, you negotiate the sale price of the vehicle. Since your payment is mostly comprised of the difference between the sale price and the residual value of the car, you need to make sure you negotiate the lowest number.

Stay away from negotiating monthly payments and be sure to have all inception fees itemized. Also inquire about what fees are being rolled into the lease. Sometimes its ok to tell the dealer that you will be lease right off the bat because some dealers will go lower on cash purchases than they would on leases. You don't want to waste your time negotiating as it were a cash purchase to find out that the dealer will not honor that on a lease.

My best advice is to tell you that you should know all the factors of what makes up a lease and make sure it's right for you. People who put like 1500 miles a month aren't candidates for leasing. I put like 750 miles a month so more than likely I will sell my G37 before the lease ends so I can recoup some of that car's equity.

You can visit my site to learn more about leasing, the address is on my sig.

 

what would you guys suggest in my case? I have owned a G35 and modded the hell out of it... I really only broke even when i sold the car since the Blue Book was what i owned on it... so really all the payments i made on it made me no money in the end...

I am thinking about leasing a G37... I will only put around 400-500 miles a month on it... i rarely drove my g35 and i plan to do the same for this (weekends, going out)

I do plan on modding it... not as much as my g35... really all i plan on doing is bolt ons.. (suspension, wheels, things of that nature) Once my lease is up and i turn the car back in cant i put it back to stock with no worries?