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January - February Auto Leases - Infiniti G, M3 Convertible, Hyundai Genesis, Honda Civic,
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)
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/show...tcount=158 Loaded coupe with 45K MSRP for $412 + tax http://slickdeals.net/forums/show...tcount=165 $345 includies tax for a $39.5K G37X coupe - http://slickdeals.net/forums/show...tcount=190 http://slickdeals.net/forums/show...tcount=272 There are many more examples in the thread. Almost all matched or beat the original numbers I posted |
This post can and should be edited by users like you :)
BMW Euro Delivery/US Delivery Group Buy
See here for sample pricing info (these are actual quotes- final pricing may be slightly better) https://spreadsheets.google.com/p...utput=html We are in the advanced stages of finalizing the BMW Group buy. If anyone else is interested in joining in, PM the OP the following info. Do so only if you are 100% ready to commit by the end of this week A build to order vehicle can be courtesy delivered to a BMW dealership close to where you live. So you can be located anywhere in the country Car configuration : Build it on BMW USA's web site and copy/paste the configuration details or the link http://www.bmwusa.com/standard/co...fault.aspx Name: Email: Phone Number: Slickdeals ID: City Where you live: Zip Code of your residence: Confirm if your credit score is > 720R you can get a cosigner with good credit: Yes/No BMW FS Loyalty: (Yes/No) Do you want to do security deposits ? Yes/No If yes how many (7 is max) ? Lease Term Desired In Months: Lease Mileage/year Desired: Here's another idea that might lure the dealer into leasing the car at around OP's pricing. For instance someone is living in Cali and wants to get say g37 coupe. We could start signing up here, and buy from that dealership, the more the people better for the dealership and better rates for us. May be we could make it happen. We could all negotiate with them and lease from the one that gives the best offer If you haven't done so already, pm the following information to muniala (the OP) after adding your name to the list Name: Email: Phone Number: Slickdeals ID: City Where you live: Zip Code of your residence: Confirm if your credit score is > 720:OR you can get a cosigner with good credit: Yes/No Car & Model Desired: Desired Exterior Colors Desired Interior Colors Must Have Options Nice to have Options: Do you want to do security deposits ? Yes/No If yes how many ? Lease Term Desired In Months: Lease Mileage/year Desired: Sign-up here California G37 Sedan/Coupe 1. T.I. 2. trupper999 3. bobby312345 4. agent099 5. Residentsd 6. killingbe 7. isbn1975 8. dwaynet19-will consider, ill test drive tomorrow 9. lk9002 10. Kobefan, i need 15K 11. stormfury 12. Mysteriouskk 13. tortdeals 14. iamnad (coupe or sedan) 15. cupertinobabies 16. mlee27 17. wangry 18. spotydoty 19. sheilon 20. sd4meyee 21. bluekite 22. n0fx BMW 328i Sedan / 335i / M3 1. vipervin (considering 335i coupe, 335is, or M3 coupe -- bay area) 2. dwaynet19 328i sedan-los angeles 3. asifali14 m3 convertible, European Delivery - bay area)PM me, i found a smoking deal on one. 4. GimmeThemDeals (M3 convertible, in chicago but will to pay to have it shipped from anywhere) 5. rocaveli (M3 convertible, San Francisco) 6. Longhorn Roses (M3 convertible, European Delivery, I live in TX but hopefully with Euro Delivery, my residence won't matter) 7. m3m3m3 (M3 Convertible, considering Euro Delivery -- bay area, CA) 8. jamb (M3 or 335i) --- Socal Area 9. thesaam (M3 convertible) -- willing to buy anywhere, live in TX though. emailed OP my details. thx! CRV/Odyssey 1. audioeng (CRV) 2.fatcool 3.xblue21 Honda Accord LS 1. Kakes -- 219 + tax with 0 drive off Texas: G37 Sedan/Coupe 1.i3ighead 2. 3.westbanker N.Y. G37 1. maroni--West New York, NJ/Manhattan 2.bkim84 - Bronx, NY 3. 4. 5. BMW 328i Sedan 1. dwaynet19-los angeles 328i sedan 2. 3. 4. 5. Lease info per Infiniti's Website for lease of 2011 G37 Base Coupe for 10k/year $369 /month Lease for 39 months $2,499 initial payment 2011 G37 Coupe Journey with Premium Package Excludes taxes, title, license and options. Dealer Participation Required. Offer ends 01/31/2011. $2,499 initial payment required at consummation. (Includes $2,130 consumer down payment, $369 first month payment). 2011 G37 Coupe Journey with Premium Package subject to availability to well qualified customers who lease through Nissan-Infiniti LT. Subject to Credit Approval. MSRP $41,425 includes destination charge. Net capitalized cost of $38,056 includes a $595 non-refundable acquisition fee. Retailer contribution may affect actual price set by Retailer. Monthly payments total $14,391.00. At lease end, purchase for $27,340.50, plus $300 purchase option fee (except KS and WI), plus tax, or pay excess wear and tear plus $0.25 per mile for mileage over 10,000 miles per year. OH/KY/IN/TN G25x G37x G37 Journey Sedan 1. Oldfield42 From OP Please dont post standard lease commentary. Those are for suckers not for slickdealers. The standard advertised lease is the same as paying MSRP for the car. Ive explained this dozens of times in my leasing pposts in the past _______ People who have scored, please update the wiki with actuals that you paid. In New York State, there is a security deposit cap of $749, which prevents NYS residents from using the MSD program. NYS residents can get around this limitation by leasing their vehicle from a dealer in a neighboring state. ________________________ Lease Calculation Formulas This spreadsheet shows formulas used in OP's calculations. I wanted to run a few calculations for other BMW models, so I built it myself. You can copy the formulas and paste in your own spreadsheets - just add the equal (=) sign before each formula. https://spreadsheets.google.com/p...utput=html |
Nice work
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A for effort.
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Thank you for posting. repped.
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Yay! Muniala is back. Great info, was very helpful when leasing my Mini Cooper S back in October. I enjoy reading these lease threads... almost for pure entertainment value. Waiting for the buying vs. lease naysayers in 3.... 2.... 1.... ;)
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I love Slickdealers. Nice work. A+++++++
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any slickdeal for the IS 250?
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how come the civic is cheaper than the m3
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Repped! great work!
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Sorry, but I don't understand, how you can get $175 for G37 coupe lease. Even with $3000 on $31500 true car value, $175 is not possible. Money factor is 0.00125 and 64% residual.
Can you prove the value you have put here ? |
G37 coupe for <$200/month?? That is SICK!
If you were to buy the car the sales tax alone would almost be $100/month over 3 years! |
Lol. Please show me how to get me into a g37 coupe for $175/month. That's ridiculously impossible. Did anyone actually confirm any of these numbers before giving TU?
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If someone can get me a 175/month G37, I'll pay them $1000 cash. No joke, feel free to PM me. |
Gotta agree the G37 coupe figure looks way wrong
Getting any car for under $200 a month is hard (think Corolla, Civic base models) |
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The G37 does have good resale value, but I agree it looks too low.
Hmmm...Let me think, civic for $132 or g37 for $20 more??? Such a tough choice. |
Thanks dude
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nice work
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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.
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forget the G37 I want the M3!!
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Great work Muniala! |
wow nice to know I could lease a loaded M3 for what I pay in student loans each month
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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 |
FYI - The Genesis will be getting a lift by summer at the latest (hopefully end of Q1), 429HP/376tq 5.0 liter with 1 more MPG than the current 4.6 variant, thanks to direct injection. It is also due for an 8 speed transmission, what a beast
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I will take 3 G37's at $175 a month. That way my wife can drive one, and I can always have one cleaned while I drive the other one. Actually, what the hell, in for 4 of them at $175 a month! that way my wife can always have a clean one as well. Of course, I doubt anyone is going to be able to lease one of these for less than TWICE what he has listed, but you never know!
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Anyone have experience with DC area dealerships? Any suggestions?
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Best, C |
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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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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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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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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. |
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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See attached pdf. of truecar/zagg quotes in my local area. No shortage of dealers willing to offer that price. |
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That's it. nothing personal. People will shut up if you can print a confirmation. Simple. |
Do you get interest back on the " Refundable Security Deposit"? It wouldnt be much but just curious.
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Confirmations or it didnt happen
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seriously, i'd love this deal in NY
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Can someone explain how they would let you pay 9 security deposits? I don't know much about leases.
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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.
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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! |
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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... |
+4 repped and TU
Read his threads his deals happen. Would you complainers feel more happy if he put YMMV in the thread title? |
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$175/month... no way. Not possible!
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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. |
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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. |
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. |
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. |
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All I see is alot of talk....no proof.....does not even belong in this forum
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Great Thread.....I am leasing Noob, thanks a ton for this thread!
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the original post represents a good amount of effort for sure...reps. OP, can you offer some sort of background information about where you pulled the numbers (manufacturers' websites, auto sites such as intellichoice, edmunds, etc), why you do this, etc? Or if there is a previous thread where you have already explained this, please point us to it.
I still don't think any Infiniti dealer would lease a new G37 for $175 a month. |
Like others here, I'm an auto enthusiast, and have even taken some of my cars to track before (when I can afford it).
So I'm going to put this out there. I don't know OP at all. I've seen OP's other thread before, and tried pursuing an Infiniti G37, but ran out of time to follow it through. This current thread drew me in because of the M3 offer. I previously leased an E46 M3 via a previous business, and I loved that car. I paid $750 / mo for a 15K / year lease on a $51K car (base + bixenon HID's, SMG II, PDC), and it wasn't even a drop-top. This current M3 lease is obviously a much better deal. I've started another business recently. All signs seem to indicate it is doing extremely well out the gate. If this trend continues, I will contact OP to help me lease a sports car again, and would be willing to pay him $500 at the end of the deal to help me out. So there, I put it out there. Hope to see you guys in a few months. |
yeh.. still expensive.
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Forget the cars +34190412 for Muniala's awesome 80's haircut in the pic! That's how he gets the great deals...swipe the hair and look deeply into the dealers eyes... "Are you SURE you can't give me the lease for $175?"
If that doesn't work...it's time to break out the Zoobas! ;) Seriously though, love these threads. |
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repped for the hard work alone. .thx. !
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I can do better on the Honda Civic LX lease. DCH Honda in Old Biridge NJ is willing to lease a auto Honda Civic LX for $140 per month on a 30 month lease 15K per year mileage and $600.00 drive off out of pocket for the lease. Ask for Andy Lau the salesman at DCH Honda in Old bridge NJ (888)-623-9911. Enuff said go and get ur civics!
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op, since you're local to me, can you take me to Glendale Infiniti to pick up a g37?
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OP, truly appreciate your effort in posting this type of deals. as a general rule, anytime when one can get a lease for a $30k car at $300+tax per month pmt, min DO(drive off)he/she did very well. that m3 lease with min DO is very attractive. one thing i would like to point out, while you do negotiate for the best price first, not all "factory incentive(aka trunk money)" will apply to both lease and buy, depends on which month, and what kind of program factory. kind of like buying milk, one week may be $2.75, and another may be 2.95/gal while it is true as a general rule, you do geta better deal at month end, if dealer has reached the goal/quota, and mgr is getting their bonus for sure, he/she will not push the deal, hence, your deal will get "sand backed" to next month |
Awesome thread .... Thumbs up.
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Muniala- i truly appreciate the effort! TU!
For the G37 coupe you have 9 depsoits at $1800 total but in the Infiniti thread from Aug they were $400 like they are on the Jan 2011 G sedan lease. Is this correct? Each deposit is $200 for the coupe and $400 for the sedan? |
+4 Rep for muniala just for being different and posting car deals.
<3 |
Damn...I would pay the open to get me a lease like that on a g37
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LOL at all the tards giving this thread a thumbs up. I feel sorry for all the people OP is misleading into wasting their time at their local Infiniti dealership. I can imagine it now.
Dealer: [chuckling] There's no way in hell we can afford to lease a brand new G37 coupe for $175 a month. That's below our cost. Where do you hear about that? Customer: I heard it from some guy on the Internetz. He said I could lease one for $175 with no money down, using multiple security deposits. Dealer: Sorry, if that deal existed I'd be leasing one for myself. If $175 is your budget though, may I interest you in a nicely equipped Nissan Sentra from our sister dealership. It comes well equipped with cloth seats and AM / FM radio! |
Thanks! I love it when you post these leases.....makes me wish I was in the market for a car.
Any leases for Toyota Tundra or Tacoma at these incredibly cheap prices? |
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It's called appreciating effort, and the OP has indicated that there may have been some math errors in the $175 G37 lease. THAT ASIDE, perhaps the thumbs ups are coming from people who are actually going to take advantage of other lease offers that the OP spelled out? Possible? |
Thumbs up just for the profile pic! I love fernando alonso!
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Imagine if I constantly posted ridiculous deals on how to get an apple ipad for 75% off at Bestbuy that was completely rooted in fantasy. I bet people wouldn't be patting me on the back and giving me an A+ for effort. They'd be bitching me out about wasting their time and thumbs downing the thread. The thing they should be doing here. |
It's hard to replicate the OP's prices. Those are the ultimate goals, which most dealers won't accept. However, it is very useful when used as a leasing guide. I know what to ask for and where to settle. Makes a great reference. Rep for OP.
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I went to get a G37. Lowest I could get with $0 down was $400/mo (tax in).
I live in Florida. I picked a Base model. |
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I will pay you $500 to get me this deal but if you can't how about you pay my $500 back plus another $500 for wasting my time:P? |
Great guide! Thumbs up!
These numbers are all true, it's the matter of if you really spend time and talk to the right person at the dealer. Don't walk in to the dealership and ask for those prices. The floor sales are totally different people to work with. Always e-mail / call before you even go there, have the deal done before you go there. I picked up a 2011 M3 at similar price to OP's numbers. A lot of people who don't know and have no idea how a lease works, study the formula and how lease works. More expensive cars don't always cost more to lease. The money factor, residual % play a big role in the lease payment. Some dealers will mark up the money factor to make a profit. They often sell you the car for less and mark up the MF so you are tricked into thinking you bought the car for less. |
bmf / residual
How does OP find the base money factory and residual?
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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 they are good the leases should be really attractive. |
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I still don't understand how can you put 9 times security deposit and residual values, looks too generous. |
Do you have any info on leases for Infiniti M37? Just trying to get an idea of what to "hopefully" shoot for
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great im 6 month into my accord EXL lease for $270 and i could of gotten a G37! pretty lame!!
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You yourself were far from helpful. And the numbers you posted in the wiki weren't right too. By the way Edmunds TMV has zero value. If you pay Edmunds TMV you are always paying too much. The selling price I originally posted was accurate for the 2010 coupe. you should able to do even better. I have to get the right residuals/mf for the 2010 I don't post here for any personal gain - Just to share information, . If there were mistakes in the numbers, there is a way to point it out which most folks on this forum know how to. But there a minority with no etiquette and those are the ones who repeatedly post negatively |
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No , those numbers and the rest are correct. It was off only on the 2011 G37 base coupe and Ive fixed it. Ill add the 2010 base coupe numbers when I get them. You should be able to easily find the m3 vert at the payments I posted |
ok.. can someone run this with me again, im looking to lease a g37. anyone want to help me how exactly to do this at the dealer? thanks!
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http://slickdeals.net/forums/show...&t=2176180 and then skim through the thread |
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When leasing a car, the most important factors are car price, residual value, and money factor. More expensive cars is not necessary more expensive to lease!!! |
Great work OP.
Do you have anything for Mercedes? |
Leasing - theoretical lowest price
First, long time lurker here and have scored many a good deal...so thanks to all! Second, while I think some of the numbers presented by OP are possibly, wrong, still give him a thumbs up for taking the time. Now on to the reason for my post: figuring out the rock bottom price for a lease. Here we go....
First, when leasing, one is just paying monthly amount for the percentage of the car that is "used" during the lease. This is captured in the residual amount at lease end. The difference between the sales price and the residual is the depreciation on the car. Now we all know that all cars depreciate. So at best, I'd like to pay only for the depreciation, and borrow the money that it takes to buy the car at 0%. So lets look at the Infiniti G coupe lease that OP says would cost $175 per month. First, let's assume the sales price is the $30,500 that has been tossed around in this thread. Second, let's assume for now that the money factor...ie interest rate on the lease is 0%...that is that you are not paying any interest at all to lease this car. Lastly, let's assume that the residual is the 70% high number and that lease term is 36 months. Thus, on this lease we are going to pay only the "depreciation" on this car of 30% of sales price, since the interest rate is set at 0% in my example. {{{{Correction: Residual is always a percentage of MSRP, not sales price. So depreciation = sales price - (residual % x MSRP) }}} So what would monthly payment be?? It would be depreciation amount of $9150 (30% depreciation x MSRP) divided 36 months. This is equal to $254.17 per month (amount correct if sales price = MSRP.) Now, OP does mention multiple deposits. so if the leasing company were willing to pay you a VERY HIGH rate of interest on this cash then in theory you could lower the payment to the $175 that OP mentions. But we know this is probably not the case. Thus, it is impossible to lease a $30500 car for $175 per month ,36 months, even if we assume zero interest and a ridiculous high residual of 70%. What I generally do when negotiating a lease is figure out the residual which gives me the depreciation, multiply depreciation by sales price and then divide that number by number of months.....just like above. That is minimum payment with no interest factored in. I then take sales price, multiply by annual interest rate, multiply that by number of years and finally divide that by number of months. This give relatively accurate number of monthly interest (note that in theory interest amount per month would a bit less because leasing company gets your cash every month and in theory this reduces your total interest cost...just like amortizing a mortgage). Add monthly depreciation and monthly interest and bingo...there is your approximate monthly lease cost. In any case, hope that helps in figuring out monthly leasing costs. The whole money factor game is just there to confuse consumer. Just look at annualized interest rate. And still kudos to OP for taking the time! |
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/show...tcount=158 Loaded coupe with 45K MSRP for $412 + tax http://slickdeals.net/forums/show...tcount=165 $345 includies tax for a $39.5K G37X coupe - http://slickdeals.net/forums/show...tcount=190 http://slickdeals.net/forums/show...tcount=272 There are many more examples in the thread. Almost all matched or beat the original numbers I posted |
I never thought i could buy a brand new 08 pathfinder SE with premium package for $21.8 back in July 08 but it happened.
this, however, just seems literally impossible for the g37 |
$700 bucks for a car. My monthly mortgage is only $750. Ouch. Some of you have too much disposable income. And for foreign cars too - yuck.
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thumbs up on deal information :thumbsup:, thumbs down on Alonso :no:
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How much to lease 2011 Audi S4?
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Viva FA |
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I looked at your spread sheet regarding the Infinit coupe base. You state that residual is 69%. Looking at difference between your cap cost of $33,745 and residual of $25892, this implies a residual of over 76%. Something is wrong in your spread sheet, as such a high residual is how you get your low $218 depreciation figure. So if that deal really does exist, then the 36 month residual is 76%...I guess possible but highly doubtful. If you confirm your residual amount of 76%, then your lease amount is possible given the low 1.15% interest rate. |
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hey man... can you pm me and let me know what you got for M3? I am in the market for one and would love to learn how you did it. Thanks.
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I would kill for a LeMans Blue E93 M3 :drool: :drool:
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OP - The information you have posted is very interesting. Do you have any numbers on a BMW 328 or 335?
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hell...commenting to see how this turns out..so i can get updates
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Live in los angeles too.. would love to lease a g37 for 237 a month.. waiting for updates
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E-mail negotiation
When negotiating via e-mail instead of in person with various dealers, what is the best way to have one dealer beat the other dealer's offer? Do you forward them a copy of the other's deal price offer e-mail?
muniala said "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", I am trying to get an understanding of the techniques that would work best in getting to the lowest bidder. Thank you for your help. |
Thanks for the thread OP---while it was informative it also reminds me that I should have leased instead of purchased my Civic. Bought it almost 3 years ago and still not even 15K miles...perfect condition and ready for a new one---seeing how cheap I could have leased it at makes me cringe!! At least I know for next time! Lesson learned, when you drive as little as I do, leasing is a better deal I guess!
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Also, due to differences in regional dealer incentives, it can be helpful to e-mail dealers in other parts of the country. I recently purchased a '10 Civic LX, and found the prices in Boston to be $1k lower and Chicago to be $500 lower than prices in Cleveland, all due to regional manufacturer-to-dealer marketing incentives. |
My bad this thread is very serious. My reps added.
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According to the OP, I could lease a Ferrari 430 for only 600 a month.
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I got even better deal from center bmw in la 5201 van nuys, sherman oaks, ca 91401 telephone: (626) 228-5885
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Hey guys whats the best deal on a honda civic,
does anyone know and is this 152 a month plus down payment ...... Does anyone know the site or #? Thanx a million i neeeeeed a car sooooooon !!!!!1 |
How about if someone has contacts with a dealer they link them on this thread.
We all finally find a dealer who is leasing at this great price and the dealer gets a huge number of sales |
OP, you are amazing. I just went to New Century BMW, negotiated the hell out of an M3 Convertible with all these options, and I walked out the door with a $699/month lease with $0 down for 27 months:
Space Gray Metallic Fox Red Extended Novillo Leather Blue-gray Brushed Aluminium Trim Convenience Package Premium Package 2 19" Light alloy Double-spoke wheels style 220M-with performance tires Enhanced Premium Sound What a steal. I was gonna wait another couple months, but I could not turn this deal down. Now I get to drive M3 in style ;) |
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If only I could convince DH that 3 kids in the backseat of a 4dr M3 *can* work. Hey, I can cram them all in the back of my E46 wagon so in theory it should work, right? ;) I. refuse. to. drive. a. minivan. :vomit: |
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Below is an email template I used for solicitation of best internet prices. You can find tons of dealerships from www.edmunds.com or the car manufacturer's website. Soon enough, you will find out the residual value and best money factor for the specific vehicle you are looking for by comparing the returning email. Skip over the dealers who don't want to give you the details or keep calling you and asking you to come to "discuss more in details". Once again, life is too short for that. Once you think you get the best price possible, make sure the dealer has the specific vehicle(the color you want, the options you want) for sure. Once again, www.edmunds.com provides detailed inventory information down to VIN. It's also amazing to hear their response when you ask the dealer for specific VIN vehicle without stepping into the dealership. Many dealers are so accustomed to internet pricing seekers, so they just give you a BS number to ruin the market since he or she doesn't have the vehicle for you anyway. Here is the template I always used for leasing my vehicles. The latest one is an Acura MDX: Hi I’m interested in leasing a 2011 Acura MDX with Advance and Entertainment packages. Below is the exterior color in the order of my preference: 1. Aspen white pearl 2. Grigio metallic 3. Polished metal metallic I’m looking for three years, 15000 miles per year, and zero drive-off (as seen in current Acura program). My FICO is over 800 so getting a loan approval should not be a problem. Since I’m shopping around via internet, please provide me a your best straight-forward price with detailed information below so we don’t waste each other’s time. Please supply below requested inform via email in details and I’ll purchase the vehicle within 3 days. I will not consider your offer if you don’t have intention to provide below information. 1. MSRP 2. Actual dealer price 3. Residual value and residual value % 4. Money factor 5. Tax & fees 6. DMV title & registration 7. Total drive off amount 8. Vehicle acquisition fee (if any) 9. Monthly payment Thanks, Leasing is a great way to enjoy a more expensive vehicle with less money. Plus a great write-off if you own a business. www.edmunds.com provides tons of information about leasing. It can be confusing at the beginning, especially if you are not good at numbers like me, but it will be worthwhile. Once you understand the principle of leasing, many websites provide fairly accurate leasing calculator. The one I used at www.edmunds.com is only off by a couple of dollars. Good luck and have fun re-educating some of the sleazy car sales!!! |
I would love to lease an m3 :drool: as well. Now to find someone to buy my IS350.
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im confused
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i need to call and ask for a price and tell them "152 no down payment is what i am looking for" ? ? |
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yes - at a nice chunky DownPmt of 25k I dont think any of these PRICE Equate What the dealers will make you pay for DOWN PAYMENT.. its a easy 4k-5K+ Down payment... sure i dont see why you CANNOT get a Infiniti around $200 a month .. remember when you start negotiating lease # on monthly paymts - the dealers will try to adjust them in down payment and not apply to CAP COST - unless u REALLY know how to negotiate the bottom line price dealers will always readjust your payment in a way to make you pay what they want.. they can waive a deposit fee and add bank fee.. take out $50 off from monthly payment and add a delivery fee.. there is always ways ... just remember when you LEASE negotiate Your PRICE of the CAR- not msrp...ask them how much they are giving you the car for... the residual value and moneyfactor all is available online and majority of them are the same... or ask to reduce THE bottom TOTAL OUT OF POCKET expense. Do not run after monthly payment they will come down automatically. :shake: |
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i agree - :lmao: i will give you $600 if i can sign & drive this car at less then $200 a month.. there is NO WAY .. your walking away with $175/month lease... even Honda doesnt give cars away for less then $250/0 down EVEN IF THEY GAVE YOU CUSTOMER LOYALTY CASH BACK & MFR to Dealer Incentives ....im sure you will STILL endup paying ATLEAST 4K maybe even 5.5k DP on this deal... the CAR ITSELF Depreciates atleast $12-$16K in 3 YRS (depending on mileage) - plus taxes plus MF + dealers cut .... your not walking away unless u put big downpayment - call if "security deposit" and if dealer applies your 4-5k DP to your cap cost then your talking 190-220's - which is almost a NORMAL DEAL. |
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price per month on lease for the M3 is a good deal but the down payment due at signing $7300+ that is way too much
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That $7364 is composed of $5600 refundable security deposit which youll get back at the end of the lease $787.30 which is the month first month payment including LA county sales tax and $978 California DMV fee The example is based on being a LA county resident. Use your own tax rate /DMV fee based on wherever you live. If you have anny idea what M3s normally lease for, you'll realize this is one hell of a spanking deal. that is not going to last. Take a look at swapalease or leasetrader and check out the prices of M3 convertible leases Also note that the example I used for a loaded M3 convertible. It had 14K in options. A lesser optioned car will lease for much less |
guys/gals, many of these deals require refundable security deposit to "buy down" the MF/rate to reach the pmt.
with CD, sav rate in historical low, this is a good way to lower your pmt |
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Updated : Added a few more cars to the list in the OP
---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 |
I guess the 40% price increase on the G37 lease makes the decision between leasing a Honda Civic and the Infiniti a bit more tricky...
I still strongly doubt you can get a 2011 G37 coupe for less than $275 but it's a way more realistic number than the total BS number OP came up with before. |
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OP, thanks for your efforts....most people whining here are too lazy to do their homework....don't do it for free.
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Can you please post the spreadsheet as a Excel file? I want to play around with it and check out other car models
Thanks |
In general, how do you know that the money factor and residual reported by the dealer is not inflated?
How do you know the absolute lowest money factor a dealer can offer on the vehicle? |
leasing factor doesnt make sense on infinities .00010? for g37???
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Great thread O.P, don't worry about the whiners. This is not unusual for Infinity, constantly they throw money at people to buy their vehicles b/c they are not desired like other brands.
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very hard to get a lease on a 2010 once the 2011 come out. |
Couple of things as I have leased a couple of cars before. One, I've never had to put down a security deposit on any of the two Acura's I've leased. Two, when leasing, you want to try and avoid putting down as much money as you can. Sure the more you put down, the less the monthly payment will be. If your putting more than 3k down with first months payment, chances are you are not getting a good deal.
For example. I just leased a 2011 TL SH-AWD, which is loaded and the top of the line TL, with 15k miles a year for $495 a month with $500 down, which was basically my first months payment. Granted though I was coming out of an 08 TL lease and jumped into a 2011 TL lease so there was also a 1500 incentive for me to lease again which was basically another 1500 down on top of my 500. |
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We need a slickdeal for glasses:lol: |
The only BS I have to call is that I couldn't for my life find a base model G37 when I leased mine. I'm convinced they don't exist o.o Apart from that, I was able to get exactly the deal last posted by OP. I had to go through two dealerships here in Dallas. Crest was horrid. It took 40 emails (literally) to get numbers from them, and they didn't match the deal at all. I then emailed Sewell and 4 emails later I had my car.
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:lol: Totally agree |
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The Hyundai genesis is a great car - great value for the what you're getting. Rear Wheel drive, 385 HP V8, 0-60 in 5.3 sec, spacious, superb quality of materials and you can get a loaded V8 right now for $37500 or lease for $460 + tax Go down to a dealership and check one out if you haven't. you'll be surprised |
Thanks for all the great info.
Leasing is all a numbers game. People dont seem to understand or comprehend the idea of leasing. All the figures and numbers that the OP posted is real. It is up to the individual to negotiate the bottom price on the deal. Dealers dont care if you lease or buy the car. Either way, its a unit sold by the dealer. |
What is a good price/month for a Genesis Coupe? 30,000 miles/3 years, zero down?
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How is the op getting such low interest rates? I currently have an Accord EX and I am looking to lease a Civic EX. I'm doing the calculations based on what dealers are selling the Civics for around my area, but looked at the OP's chart and saw interest rate for a Civic at 1.82%? How is this possible?
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Oh wow wish there was a good lease on a 2nd gen ctsv
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I just leased a G37x AWD coupe with nav (pretty loaded) for $350 with 10,000miles/yr. I felt good about it till I saw this thread.
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Great Job, wonder if you could keep this on an ongoing basis
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Repost!
J/k. I couldn't resist. |
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Okay so someone help me with this 4 cyl Acura TSX lease with tech package:
Sell price 28,500 Acquisition fee: 595 from honda Miles 12k/yr Residual 17,633 MF: .00049 Payment 340 ... seems high? also i need someone to tell me whether I should go for infinity or acura..i know its personal choice and all but i need someone with experience to break it down, i gave up on audi a4, and is250 because i didn't like them, but now i am confused between the above two should i lease, i think with payment and this deal a g37 will be in my budget. All i need is a sporty car that drives well in adverse weather, yes i know there is the AWD on infinity g25, and g35 but people say acura with FWD handles just as well, anyone want to confirm or refute? |
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You will know you have the lowest MF can offer when you know what their base numbers are! Of course these numbers vary month to month so what you think is lowest this month might not be the case for next month. Thanks OP for the effort. Hopefully it will educate some people about lease deals that are out there. I can confirm the M3 convertible #s are pretty accurate. |
Is anyone else afraid of the 9 security deposits? Just saying, if you bring the car back with a scratch or bullshit like that, what stops the dealer from keeping your 9 deposits and then making you have to hire a lawyer and etc to get them back?
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Have done it on a BMW and no problem getting all 4k back before. |
Love the lease threads. Everyone is vehemently for or rabidly against this thread. I think that violence alone merits this as a hot deal and the thread is right where it belongs.
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I think the initial skepticism was because the original lease #'s posted were truly eye-popping. These #'s, while great are much, much more reasonable. |
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Commenting to get updates on this thread....don't mind me :lol:
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Any lease rate numbers for the 335i coupe and 335is?
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Wow, thanks for all the hard work creating the spread sheet. This is incredible!
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Leasin a car is the dumbest thing you could possibly do. I'm reportin this thread for the horrible deal that it is.
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someone help me with the acura question please also my local infinity dealership says the g25 numbers are bogus, any help?
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My point is that a lot lies in the Money Factor and Residual. My question is how they are truly found for a particular month. Leasecompare.com forums is one way I'm wondering how else to do it. |
leases rock! low payments, new car every 3 years, never a repair concern or being upside down.
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I for one really appreciate the time you put into writing up these deals. Thank you. You consider turning this hobby of yours into something more profitable? I'd gladly pay you $500 if there was a deal on a car I wanted. I hope to see february deals coming soon
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There are tons of companies in the LA area that charge a 200-300$ acquisition fee to get you a leased car and none of them are able to produce these kind of prices. They are usually 50-100$ more per month. If he did this as a job I am sure he would have alot more customers than these companies but then I don't know if he can find so many dealers giving such good deals.
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Tips on buying BMWs: If you have 2 weeks in a month or two, take the European Delivery (ED) option. You'll pick the car up in Germany, and it'll be shipped to the states for free in a month or two. You get roughly 7% off MSRP. For the M3 in the OP, you would shave an additional 5500 off the MSRP, on top of any negotiated pricing. A lot of times, there's 2-4-1 airfare. I think they also pay for a month of your lease since you're not using your car.
ED would shave roughly another 150$ a month off the M3, 600/mo for the M3 is crazy. Well worth the nice trip to Germany, too. Another tip is to sign up for the BMW Car Club America, after being a member for at least a year, you get 500-1500 rebate each car purchase. If you are interested in the club, PM me, I could refer you. |
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