Welcome to the updated Slickdeals redesign beta. Learn more and give us feedback. Or, return to the classic view.

Search in
Popular Deal
Edmunds.com Discounts, Deals and Coupon Codes

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

muniala 1,536 January 26, 2011 at 12:59 PM in Your Mileage May Vary (YMMV) (8) More Edmunds.com Deals
Deal
Score
+176
255,338 Views
Get Deal

Deal Details

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

2 3 4 5 6

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2008
Dillo Boxers
472 Reputation
#46
Confirmations or it didnt happen
Reply Helpful Comment? 0 0
Joined Feb 2006
L5: Journeyman
47 Reputation
#47
seriously, i'd love this deal in NY
Reply Helpful Comment? 0 0
Joined Jan 2006
L8: Grand Teacher
454 Reputation
#48
Can someone explain how they would let you pay 9 security deposits? I don't know much about leases.
Reply Helpful Comment? 0 0
#49
I think he must mean 275/mo because i just got a TSX lease where my cap cost was 26k and my payment is 315. I don't really see how this math works out... I think my buddy's sister just leased a corolla for 165/mo.
Reply Helpful Comment? 0 0
Joined Nov 2009
L6: Expert
187 Reputation
#50
Quote from scottman View Post :
Can someone explain how they would let you pay 9 security deposits? I don't know much about leases.
Good point.
Reply Helpful Comment? 0 0
Joined Dec 2009
L5: Journeyman
269 Reputation
#51
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
Oh nice, now we'll have some new account with 5 posts talking about how nice you were and what a great deal you got him.

You did inspire me though, maybe I should start a thread about a fantasy deal on a Sony 55 inch 3d LED for $500. Maybe someone guillible and stupid will give me reps!
Reply Helpful Comment? 0 0
#52
Quote from cconklin1 View Post :
Yep, I too pissed away too much time trying to get the Sentra deal for someone...


just wow...
Thats all I get is "just wow.."?

You have to much time on your hands if you are scanning these sights to look for good messages for your condescending replys.

just answer... or dont...
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2006
L7: Teacher
760 Reputation
#53
+4 repped and TU

Read his threads his deals happen. Would you complainers feel more happy if he put YMMV in the thread title?
Reply Helpful Comment? 0 0
Joined Dec 2009
L5: Journeyman
269 Reputation
#54
Quote from yotafan View Post :
+4 repped and TU

Read his threads his deals happen. Would you complainers feel more happy if he put YMMV in the thread title?
I've read a few of his "deals." No one has ever come close to his fantasy figure on the G37 coupe. The dealer usually quotes the people that go in almost double.
Reply Helpful Comment? 0 0
Joined Sep 2010
L4: Apprentice
83 Reputation
#55
$175/month... no way. Not possible!
Reply Helpful Comment? 0 0
Joined Oct 2004
L9: Master
1,334 Reputation
#56
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.
Quote from stonescotch View Post :
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.
This is an interesting thread. My comments are those of an automotive enthusiast and SDer who knows a fair amount about the car business but is NOT in the business and therefore not an expert on selling cars, leasing, etc.

OP's math may completely show that a $175/month Infiniti G37 Coupe lease is theoretically possible. I believe that. But stonescotch's point is that, no matter what the math may suggest, a dealer would never do a $175/month deal for that car. Why not? Because they don't have to! I agree that the dealer would not likely use the invoice minus rebate price (approx $30,500 on this car) in the lease calculations. They can get way more $$ than $175/mo for this car, so they are not gonna let it out the door for $175/mo even if someone brings in the math to show that they 'should' do it or 'should be willing' to do it.
Reply Helpful Comment? 0 0
Joined Jan 2010
L3: Novice
43 Reputation
#57
Quote from stonescotch View Post :
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.
I don't think internet price matters either purchasing or leasing, so it's totally possible.You always try to get the lowest car price possible.

I just leased an Acura MDX which is $1500 below invoice and got 0.0009 money factor. If you going to lease a car, get the internet pricing first.....

Great work for OP. It's a lot of work. You would know if you ever lease a car before.....If you are not sure about how he got his deal, asking him politely might help instead trying to prove him wrong.
Reply Helpful Comment? 0 0
Joined Mar 2007
L9: Master
2,427 Reputation
#58
I love these threads Popcorn

By the way, reps to the OP for effort and for showing a continuing desire to help and contribute around here. Mad hate around here, mad hate.
Reply Helpful Comment? 0 0
Joined Nov 2010
L4: Apprentice
237 Reputation
#59
I got in contact with muniala. He says he can do it for me.

Hoping he can prove the deal works!

Will report back on the results.
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2008
L2: Beginner
19 Reputation
#60
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.
Muniala, I appreciated your effort on the original Infiniti thread since I got a good deal on a 2010 G Sedan. However, looking at the number you put in for the G37 coupe, I think that is where you mixed up the numbers. You can get a low 30k selling price on 2010 G37 coupe, but you won't get the 70% residual. To get the 70% residual on 2011 G37 coupe, you won't get the 30K selling price. You can not put into the best numbers of both year models and plug into the spreadsheet. Don't expect any dealer to do that.
Reply Helpful Comment? 0 0
Page 4 of 63
2 3 4 5 6
Join the Conversation
Add a Comment
 
Slickdeals Price Tracker
Saving money just got easier.
Start Tracking Today
Copyright 1999 - 2015. Slickdeals, LLC. All Rights Reserved. Copyright / DMCA Notice  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)