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January - February Auto Leases - Infiniti G, M3 Convertible, Hyundai Genesis, Honda Civic,

muniala 1,532 January 26, 2011 at 12:59 PM in Your Mileage May Vary (YMMV) (8) More Edmunds.com Deals
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Here is a synopsis of good leases for January 2011.

Update Feb 2: Infiniti, BMW & Hyundai Lease programs have been extended to Feb

Examples - Loaded (with $14K in options) 2011 M3 convertible from $696/month. (Normally this would run around $1200+ )
Base G37 Coupe - From $237/month

All leases are based on minimum driveoff - ie zero down, only DMV & First month payment and refundable security deposit due at signing

Click on the following Google docs link for full details.There are 4 separate spreadsheets contained in the link below - A summary sheet and one sheet each for containing the details for the 10K, 12K and 15K miles/year numbers.

https://spreadsheets.google.com/p...utput=html


Base Monthly Payment (Before Tax)
ModelOptionsMSRP10K miles/yr12K miles/yr15K miles/yr
2011 Hyundai Genesis V8 $43,985N/A$463$475
2011 Hyundai Genesis V6Premium Navigation Package$38,300N/A$384$405
2011 G25 Sedan Journey $33,225$259$268$287
2011 G37 Journey SedanPremium, Navigation$39,925$282$293$315
2011 G37 Coupe Base $37,525$237$247$267
2011 G37 Coupe JourneyPremium, Navigation$43,725$304$316$339
2011 M37 AWDPremium$52,875$460$475$504
2011 FX35 AWDPremium$48,725$408$422$448
2011 Audi A3 S-TronicBluetooth Package$30,225$337$345$362
2011 Civic LX Sedan Automatic $19,305$152$158$168
2011 Honda Odyssey LX AT $28,580$288$295$310
2011 Honda Crosstour EX $30,450$264$272$288
2011 Honda CRV LX AWD $23,725$225$231$244
2011 BMW 135i CoupePremium, M-Sport, DCT, Nav$44,450$499$511$535
2011 BMW 328i SedanPremium, Automatic$38,550$417$427$448
2011 BMW 335i SedanPremium, Sport, Automatic$48,150$530$543$569
2011 BMW 335xi SedanPremium, Automatic$48,000$504$517$543
2011 BMW 335d SedanPremium, Automatic$46,000$453$466$491
2011 BMW X6 ActiveHybrid $89,775$865$889$939
2011 BMW M3 ConvertiblePremium2, Convenience, DCT, Cold Weather$78,025$696$717$760




Note:
1) These are suggested prices. You will need to do your homework and negotiate to get these payments. As such everything is YMMV. All I'm trying to do is sharing my knowledge to help the SD community. I've used LA county tax rates in the examples. These are some of the highest in the country. Use your own local rates to calculate your leases with tax

2) You can do better or do worse based on your negotiating skill and other factors.

AFAIK these are all national programs, but there may be regional differences.
3) In cases where the leasing bank allows Multiple Security Deposits, the maximum number of deposits is assumed

4) Cars shown are with options I have chosen and are for indication only. You can calculate the payments based on the exact options/MSRP of any other car you like.

5) In most cases the selling price is based on the lowest quote for southern California at truecar.com. In other cases it is based on actual prices from dealers.

6) Most widely applicable Rebates/incentives are factored in where applicable. Check http://www.edmunds.com/car-incentives/ for details of specific incentives. In some cases you will qualify for additional incentives (eg College Grad, Military) which will lower your payment even more.

Infiniti G currently have $1000 loyalty cash if you are NMAC returning lessee/customer. This would lower your payment even more from that given above.

Dealer marketing cash incentives are factored directly into the selling price. Only Customer Rebates/incentives are shown separately.For example the 2011 Infiniti G have $1000 dealer cash right now.

7) Please refer to my other lease threads here on slickdeals for more leasing info/help Definitely read the wikis at least in these two threads.
Infiniti lease thread
BMW lease thread

8) Also check Edmunds Leasing Forums for more help/information
http://townhall-talk.edmunds.com/.../.ef17997/

9) Always deal with the internet/fleet department and negotiate everything over the phone/email If the dealer is not willing to do that just move on to another dealer

10) Some dealers with decent fleet/internet sales departments
In Southern CA for BMW: BMW of Monrovia, South Bay BMW, Pacific BMW, New Century BMW, Steve Thomas BMW
For Hyundai: Contact John Bryant at Glendora Hyundai in Los Angeles area. He'll give you the best service for sure in the LA area, and very competitive pricing
In the east coast - Internet dealer http://fitzmall.com/
Dallas Area : http://www.dallas-hyundai.com/web...types/New/
For Infiniti : Glendale Infiniti

11) For BMW leases, If you are not a current BMW Financial Services customer (lessee, loan current or within the last 6 months) you need to provide one security deposit to get the base money factor used in the examples . This requirement is currently being waived by BMW FS during Jan and Feb.

12) For BMW leases, certain models have lower "loyalty" money factors if you are a current or recent (less than 6 months) BMW FS customer. For example the money factor on the M3 convertible drops from 0.0009 to 0.0006 for loyalty.

13)
Updated the lease numbers on the 2011 G37 base coupe.Thanks to user zhaofl for catching it and pointing it out. Whilst some others were slanging me, he at least looked at the numbers and noticed the error and pointed it out. There is an additional $1000 cash for current iInfiniti owners/lessees which Ive not factored in. If you do qualify your lease payment will be roughly $25 lower than what I have in the spreadsheet. Just run the numbers yourself.
I will add a new section for the 2010 G37 base coupe just as soon as I get the residuals/mf from my dealer contacts. Based on the current 3000 incentive, if those numbers are good, the leases should be really attractive.

14) Updated : Added a few more cars to the list.
---BMW 335d includes a $3500 Eco Credit incentive for an attractive lease. In addition you may qualify for Federal Tax Credit for diesel/hybrid vehicles. Same may be available on X6 ActiveHybrid
--- BMW 328i & 335i sedan leases are decent not great. They were much better last month and should get better in the future.
--- Infiniti M37 and FX35 leases are good - Some of the best I've seen on these models



15) Added Jan 28 5pm PST

If anyone is interested in leasing of these M3 convertibles in the SF bay area or LA area, pm me and I'll give you the numbers and contact information for the fleet manager and you can get a deal like that in the OP with no hassle.

a) SFBay area : Car 1: jet black/beige and Car 2: space gray/black
b) LA Area: Car 1 : Black/Black -
Car 2: Alpine White/ Beige -- Update - Unavailable leased by sder

All four have MSRPs in the $81K - $82.5K range and are loaded. Leases are around 760 -790 -+ tax area for 12K/36 with 7 deposits and zero cap cost reduction


16) Why is the Multiple Security Deposits program offered by Infiniti, BMW and Lexus a great deal for you ?

Infiniti, BMW and Lexus offer the MSD program which gives you a lease money factor reduction for each security deposit you make.

Each security deposit is equal to your monthly payment rounded up to the nearest $50

Infiniti allows a maximum of 9 security deposits and each deposit reduces the Money Factor by 0.0001

Lexus allows a maximum of 9 security deposits and each deposit reduces the Money Factor by 0.0001

BMW allows a maximum of 7 security deposits and each deposit reduces the Money Factor by 0.00007


Here is a spreadsheet comparing the savings and return on Investment on a security deposit or a down payment of the same amount.

https://spreadsheets.google.com/p...utput=html


The center column , Column D shows a lease with zero security deposit and zero down payment. The total lease cost in this case is $13805.41

The left column , Column C shows the same lease with a $3150 security deposit and zero down payment. The total lease cost in this case is $11953.47

The right column , Column E shows the same lease with a zero security deposit but instead putting $3150 towards a down payment. The total lease cost in this case is $13652.33


Conclusions:

1. The security deposits of $3150 save you a whopping $1851.94 = ($13805.41 - $11953.47) . That equates to a 3 year return of 58.79% = ( 1851.94/3150) or roughly an annual return of 19.6% (58.79/3)

2. If instead you had put down that $3150 as a down payment, your effective monthly payment is lowered by only $4. Your total savings over the lease would be only $153.08. Your return on your $3150 would be just 1.62% per year.

3. Also remember that you get your security deposit back at the end of the lease whilst your down payment is not refunded.

4. If you run the same calculations with any similar lease i.e. Infiniti lease you will come up with exactly the same percentage ROI. All BMW leases with MSDS will offfer a different ROI but will be the same for all their leases. Sane for Lexus

4 The Multiple Security Deposit program is a great program for you offering you a terrific return on your money. It is always better to put down a security deposit over a down payment.


5. At any point in time, there is a "payout amount" on a lease which is based on the current depreciated value and financing costs on your lease. Its the amount that you need to pay to the leasing bank to get out of the lease at that point in time.

Gap insurance which is included in most captive bank leases will take care of the balance between the payout amount and the insurance value. Part of the Bank fee you pay on a lease goes to purchase this Gap insurance. Before signing a lease check if Gap insurance is included in your lease else you should purchase it separately from a third party or through your own insurance.

The security deposits you will get back in full if your car is stolen or totaled. The security deposit doesn't lower your payout amount as its not a cap cost reduction. They can only dip into your security deposits if you fail to make a payment be it a monthly payment or your disposition fee or for wear and tear they assess. You should confirm all this directly with the leasing bank by calling them. Dealers and their finance department seldom even know about the security deposits program when it can be one of their biggest marketing tools to help them sell cars.

If instead you had used the same money to make a down payment. you don't get that back when its totaled or stolen. Because in this case your payout amount on the lease will be smaller and the Gap insurance will pay the difference if any between payout and insurance value.

This is another reason why it may not be a good idea to put any money down on a lease

---------------------------

Lots of skepticism on the Infiniti Numbers. Infiniti G37s tend to lease well. The current deals are even better than the ones in the recent past. For the skeptics here are some deals other sders got last year. If you want an Infiinti lease, this is not a bad time. Instead of being skeptical , do your homework and negotiate

Base coupe $276 including tax --- http://slickdeals.net/forums/showpost.php?p=31845181&postcount=158
Loaded coupe with 45K MSRP for $412 + tax http://slickdeals.net/forums/showpost.php?p=31856283&postcount=165
$345 includies tax for a $39.5K G37X coupe - http://slickdeals.net/forums/showpost.php?p=31867487&postcount=190
http://slickdeals.net/forums/showpost.php?p=31948337&postcount=272

There are many more examples in the thread. Almost all matched or beat the original numbers I posted

934 Comments

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Joined Nov 2009
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#31
Quote from PartyInTheUSA View Post :
Can we please ban this troll. I'm so sick of him posting about $175 G37 leases which would never ever happen in the real world. Unless he can post one dealership that would lease a G37 for under $200 a month this thread should be locked and he should be perma banned.
Agree 100%
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#32
Anyone have experience with DC area dealerships? Any suggestions?
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#33
Quote from muniala View Post :
Pay me $500 for my effort and I'll get you the deal right now. Note that it includes a security deposit. Put up or shut up
Get me a G37 for $175 a month and I will pay you $500 happily!
Best,
C
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#34
Quote from elcheapo22 View Post :
Guys - the G37 coupe numbers are low but look right. You need to review the spreadsheet. The reason why the monthly payment is low is because the residual is very high for the coupe.

Great work Muniala!

G37 residual is 64% for January (not 70% he put in his spreadsheet). No one will lease this car for $30500. This is not a last year model. This is current year model and even with $3000 dealer cash, dealer will not sell this car for a loss. Invoice is $33500. Numbers are not practical.
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#35
Quote from muniala View Post :
Pay me $500 for my time and I'll get you the deal right now. Note that it includes a security deposit. Put up or shut up
I'm currently in a lease, but there was someone else in the thread who offered $1,000. Maybe you can scam him.
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#36
Quote from muniala View Post :
Pay me $500 for my time and I'll get you the deal right now. Note that it includes a security deposit. Put up or shut up

Quote from ussrname View Post :
+1...

If someone can get me a 175/month G37, I'll pay them $1000 cash.

No joke, feel free to PM me.
I think you have a customer!
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#37
I know if these numbers were for real, I would have most definitely gotten a G37 Coupe over the Mini Cooper I just leased. No place in NY would have such low numbers & I am saying that after I have shopped around already.
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#38
Quote from cconklin1 View Post :
Get me a G37 for $175 a month and I will pay you $500 happily!
Best,
C

pm me. Note that you'll have to pay me first and youll have to pick it up at a LA area dealer or pay for shipping to wherever you are. note all the details on the lease spreadsheet. The mileage is $10000/yr and there is a refundable security deposit involved..

this offer applies to the first person who does it. Im not in the business of leasing cars but I'll do it just to shut you guys up
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#39
Quote from muniala View Post :
pm me. Note that you'll have to pay me first and youll have to pick it up at a LA area dealer or pay for shipping to wherever you are. note all the details on the lease spreadsheet. The mileage is $10000/yr and there is a refundable security deposit involved..

this offer applies to the first person who does it. Im not in the business of leasing cars but I'll do it just to shut you guys up

I remember people in the Infinit thread getting good deals. Of course this is a HOT deal for a g37 coupe. I will look into this asap. BTW, Muniala, which LA dealer did you have in mind? I would totally jump on the 15k year deal.
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#40
I'm looking for a least on a brand new Jeep Grand Cherokee Limited. If anyone could provide any input on what's the best way to get a deal or how low one could expect to pay, it would be much appreciated.
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#41
Quote from stonescotch View Post :
G37 residual is 64% for January (not 70% he put in his spreadsheet). No one will lease this car for $30500. This is not a last year model. This is current year model and even with $3000 dealer cash, dealer will not sell this car for a loss. Invoice is $33500. Numbers are not practical.


See attached pdf. of truecar/zagg quotes in my local area. No shortage of dealers willing to offer that price.
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#42
Quote from muniala View Post :
pm me. Note that you'll have to pay me first and youll have to pick it up at a LA area dealer or pay for shipping to wherever you are. note all the details on the lease spreadsheet. The mileage is $10000/yr and there is a refundable security deposit involved..

this offer applies to the first person who does it. Im not in the business of leasing cars but I'll do it just to shut you guys up
Please note that, nothing pesonal here. We are just trying to ask you that when you post any low numbers, people appreciate when you can attach an email confirmation from atleast one dealer. Last time, I trusted your thread of Nissan sentra and I spent quite a bit of time searching that deal. I didn't get anywhere. I searched for Acura TSX and Infinity and no one agreed for these kind of low numbers. Finally I got TSX for $299 per month + Tax.

That's it. nothing personal. People will shut up if you can print a confirmation. Simple.
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#43
Do you get interest back on the " Refundable Security Deposit"? It wouldnt be much but just curious.
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#44
Quote from stonescotch View Post :
Please note that, nothing pesonal here. We are just trying to ask you that when you post any low numbers, people appreciate when you can attach an email confirmation from atleast one dealer. Last time, I trusted your thread of Nissan sentra and I spent quite a bit of time searching that deal. I didn't get anywhere. I searched for Acura TSX and Infinity and no one agreed for these kind of low numbers. Finally I got TSX for $299 per month + Tax.

That's it. nothing personal. People will shut up if you can print a confirmation. Simple.
Yep, I too pissed away too much time trying to get the Sentra deal for someone...

Quote from compnerd123 View Post :
Do you get interest back on the " Refundable Security Deposit"? It wouldnt be much but just curious.
just wow...
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#45
Quote from muniala View Post :
See attached pdf. of truecar/zagg quotes in my local area. No shortage of dealers willing to offer that price.
That's great. Thanks. Now, can you confirm that those dealers will give you this price for leasing ? I bet NO. In my experience of 3 months of searching, no dealer agreed to give their internet price for leasing. They agreed for selling but, not for leasing. IMO.
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