Hey everyone,


I was able to get a fantastic deal on a g37x coupe last year and I am now looking at the pull ahead program to get into a convertible.

I found a 2011 G convertible Limited Edition. Here is the offer:

24 months, 10k miles - 929/ month including tax

Down
First Month's Payment- 929
Lease Bank Fee- 700
Motor Vehicle- 300
Documentation Fee- 299
Tax on Documentation and Bank Fee- $69.93

The MSRP is $57,655
The Selling Price is $53,643
The Residual is 57%



The offer seems pretty bad but is it just a bad idea to lease a 2011? The residual seems very low for a 24 month lease and they dont seem to be taking much off at all for a 2011.


I look forward to everyones thoughts as to where I should aim to be? Has anyone recently leased a 2011 G convertible? I'm thinking I might be better off with a 12 now.

Thanks!

 

What is the MF?

Doc fee is too high (i usually get it waived altogether)

 

I reverse engineered the terms and the MF came to 0.00010 which is great. The dealer originally quoted me 829, then said it was 929 because they had the wrong residual. Just seems extremely high. Looks like my best bet is a 2012.

 

residual seems way too low for a 24 month 10K mile lease, even if it's a 2011

the residual on 2012 for a 36 month 15K mile/year lease is 55%.........

 

Did you 929 payment include tax? If so, what is the tax rate?

I run those number backwards, and I don't get .0001. Maybe .001 depending on the tax rate

 

tax is 6.35% and is included in the quote