This is just a quick post to give SDers a heads up on a good lease deal available now for the month of April 2015.
A friend asked me to help him get a Toyota or a Honda a few days ago and we ended up getting him a very loaded Infiniti Q40 Premiun ( Navigation Package, Moonroof Package 40K MSRP) for around $250/month (includes 7.5% CA tax) for 12K/24K miles here in Southern CA. This is with zero cap cost reduction, 3 MSDs and minimum drive-off.
(To clarify - The above payment mentioned is with zero cap cost reduction i.e. Zero down payment.which means minimal drive-off of Registration , Doc Fee, First month payment and refundable security deposit. The deposit you get back at the end of the lease.For this specific car in CA, the drive off was around 1550 out of which 900 will be refunded at the end of the lease )
The Q40 is the same/similar to the G37 - Its just been renamed
I did some more research and determined that the deal is not unique - I believe this is the last year for this model. Right now the Q40 is being heavily discounted from MSRP. because it the model is being closed out. For example got around 9K off on the 40k car
. So the deal should be easily replicated.
The lease program is very attractive. The parameters are
Term 24 months
Miles: 24K miles.
Money Factor: 0.00039. The money factor can be reduced to 0.00009 by putting down three security deposits
Residual : 64%
Bank Fee: $700
For 10K miles /yr residual is 65% and for 15K miles/yr residual is 62%
Based on this lease program and negotiating a good selling price you should be able to easily get a price of $200 - $300 /month depending on the MSRP of the specific car you get
Again if you are new to leasing please read my previous threads to get educated.
A note about using TRUECAR pricing.
In these earlier threads crica 2011/2012, I used to recommend using Truecar pricing to get an idea of the selling price to use as a baseline to negotiate below.. I no longer recommend using Truecar. They have become very "dealer friendly" and their pricing is now way inflated. So do not use them as a reference at all.
For example the car example above9the MSRP 40K , I know for a fact I easily got it around 9K off, the True car price is 5.5K off which is ridiculously high.. I have been seeing this kind of inflation across the board.
If you find this information useful, please TU and Give Rep