Author Topic: 2012 infiniti g37x with navigation 18 month lease only $299!!!!!!!!!! (Read 49372 times)

KidOOO · « **Reply #160 on:** July 10, 2012, 06:15:04 PM »

Quote from: PlatinumGuy on July 10, 2012, 06:11:30 PM

I figured the idea, my question is what the details are. It seems only the frum dealers have this. Does Infinit have their own dealership in the US?

This is the infiniti original offer

http://www.infinitiusa.com/current-offers/?vehicle=g_sedan

idk if these guys are Jewish or not but seems similar

http://www.kingsinfiniti.com/specials/index.htm

The idea is the 2014 redesigned model is coming out in mid/late 2013 so they want to get rid of these, while making sure they guys who buy now will have the option of buying the 2014 model beginning of 2014

MarkS · « **Reply #161 on:** July 10, 2012, 06:17:13 PM »

This whole discussion has the mistaken assumption that leasing is a good deal....

AJK · « **Reply #162 on:** July 10, 2012, 06:18:44 PM »

Quote from: KidOOO on July 10, 2012, 06:06:40 PM

Smart words, which don't change the fact there is a disposition fee on this lease which you may manage to avoid if you are as slick as AJK

Leases are only such after they've been executed. Before that, they are merely words on paper. If my LEASE contains no provision for a disposition fee, "this lease" has no disposition fee, just like the MSRP given by the manufacturer is not the price you pay (or maybe for you it is?).

KidOOO · « **Reply #163 on:** July 10, 2012, 06:23:09 PM »

Quote from: AJK on July 10, 2012, 06:18:44 PM

Leases are only such after they've been executed. Before that, they are merely words on paper. If my LEASE contains no provision for a disposition fee, "this lease" has no disposition fee, just like the MSRP given by the manufacturer is not the price you pay (or maybe for you it is?).

Term corrected

"Lease Offer"

Are you happy?

please tell me, its very important to me, i wont sleep at night if you are not happy

3ZeroT · « **Reply #164 on:** July 10, 2012, 06:42:15 PM »

Quote from: MarkS on July 10, 2012, 06:17:13 PM

This whole discussion has the mistaken assumption that leasing is a good deal....

These deals get my attention though - a car with exceptionally high residual value being discounted thousands off MSRP = very little depreciation in between = recipe for a great lease deal. Whether you lease or buy your big cost is paying for depreciation, unless you plan to keep the car forever.

aussiebochur · « **Reply #165 on:** July 10, 2012, 06:53:37 PM »

Quote from: MarkS on July 10, 2012, 06:17:13 PM

This whole discussion has the mistaken assumption that leasing is a good deal....

Can you explain how its not?

AJK · « **Reply #166 on:** July 10, 2012, 06:57:11 PM »

One approach is that a car does a disproportionate amount of depreciation during its first 2-3 years.

It's a compelling argument and not one I can see being addressed.

PlatinumGuy · « **Reply #167 on:** July 10, 2012, 07:07:18 PM »

Quote from: MarkS on July 10, 2012, 06:17:13 PM

This whole discussion has the mistaken assumption that leasing is a good deal....

Assuming a new car lasts for 10 years, the comparable cost of this lease is 255*120= $28,600. Assuming you can get a new car for 35,000 (fully loaded) & sell it for 5,00 after 10 years, it's still cheaper. And that's before factoring in the financing element, & that u have a new car every 18 months.

PlatinumGuy · « **Reply #168 on:** July 10, 2012, 07:11:24 PM »

Quote from: KidOOO on July 10, 2012, 06:15:04 PM

This is the infiniti original offer

http://www.infinitiusa.com/current-offers/?vehicle=g_sedan

idk if these guys are Jewish or not but seems similar

http://www.kingsinfiniti.com/specials/index.htm

The idea is the 2014 redesigned model is coming out in mid/late 2013 so they want to get rid of these, while making sure they guys who buy now will have the option of buying the 2014 model beginning of 2014

Very interesting. Thank you.

So the dealers are getting it for $150 less than Infinity will lease it to me?

MarkS · « **Reply #169 on:** July 10, 2012, 07:12:45 PM »

Quote from: aussiebochur on July 10, 2012, 06:53:37 PM

Can you explain how its not?

It's pretty universally accepted that leasing isn't a financially wise move. It's main advantages are getting a late model car and updating it every 2 years, and not having to deal with maintenance issues.

It's obvious disadvantages without going into a full blown financial analysis is that you are paying money and not building any equity. If you pay $300 a month for 18 months, + $1,500 at signing, you've spent practically $7,000 for 1 1/2 years. Go get a new car for another 18 months etc, you've paid $14K for 3 years. $35K after 8 years. And at the end of all that you own nothing!

If however you buy a Brand new car for $35K, you are not limited on mileage use, and after 8 years you own the car which now has say 80K miles (to be comparable to leased), it's KBB is approx $12,000.

Leasing -After 8 years spent $35K - left with nothing.
Buying - After 8 years spent $35K, left with a car worth $12K.

Of course it's fun to have a new car every 18 months, but know that it costs you $1,500 extra a year (12K/8 years).

KidOOO · « **Reply #170 on:** July 10, 2012, 07:22:23 PM »

Quote from: MarkS on July 10, 2012, 07:12:45 PM

It's pretty universally accepted that leasing isn't a financially wise move. It's main advantages are getting a late model car and updating it every 2 years, and not having to deal with maintenance issues.

It's obvious disadvantages without going into a full blown financial analysis is that you are paying money and not building any equity. If you pay $300 a month for 18 months, + $1,500 at signing, you've spent practically $7,000 for 1 1/2 years. Go get a new car for another 18 months etc, you've paid $14K for 3 years. $35K after 8 years. And at the end of all that you own nothing!

If however you buy a Brand new car for $35K, you are not limited on mileage use, and after 8 years you own the car which now has say 80K miles (to be comparable to leased), it's KBB is approx $12,000.

Leasing -After 8 years spent $35K - left with nothing.
Buying - After 8 years spent $35K, left with a car worth $12K.

Of course it's fun to have a new car every 18 months, but know that it costs you $1,500 extra a year (12K/8 years).

Nice summary

Although i think most people will continue to lease cars

3ZeroT · « **Reply #171 on:** July 10, 2012, 07:23:20 PM »

Quote from: PlatinumGuy on July 10, 2012, 07:07:18 PM

Assuming a new car lasts for 10 years, the comparable cost of this lease is 255*120= $28,600. Assuming you can get a new car for 35,000 (fully loaded) & sell it for 5,00 after 10 years, it's still cheaper. And that's before factoring in the financing element, & that u have a new car every 18 months.

Don't forget to consider how much additional maintenance and repairs you potentially spend on a car for another 6-7 years outside of warranty. You likely hit some more costly maintenance intervals whereas a lease is pretty much just oil changes. Now I agree I think you still come out ahead in your scenario but you assume some risk that you may not.

Ergel · « **Reply #172 on:** July 10, 2012, 07:23:52 PM »

I happen to believe in buying and not leasing, but I always find it funny when people make these comparisons and then use inflated numbers on one side of the equasion. People are not paying $300/month, they are paying $229.

AJK · « **Reply #173 on:** July 10, 2012, 07:28:19 PM »

Quote from: Ergel on July 10, 2012, 07:23:52 PM

I happen to believe in buying and not leasing, but I always find it funny when people make these comparisons and then use inflated numbers on one side of the equasion. People are not paying $300/month, they are paying $229.

Also, bank fee + dmv is not $1500... they're mayyybe $1000 (and even that's high). Also, MarkS' calculation count the initial payment twice.

So instead of $7,000 for 18 months, you're more realistically looking at $5100.

That said, the point is basically the same, just not as jarring.

PlatinumGuy · « **Reply #174 on:** July 10, 2012, 07:30:39 PM »

Can't the bank fee be waived by paying all upfront? Then its 239*18, which makes $4302+ DMV.

AJK · « **Reply #175 on:** July 10, 2012, 07:31:19 PM »

Quote from: PlatinumGuy on July 10, 2012, 07:30:39 PM

Can't the bank fee be waived by paying all upfront? Then its 239*18, which makes $4302+ DMV.

AFAIK, bank fee and paying up front are unrelated.

Ergel · « **Reply #176 on:** July 10, 2012, 07:31:58 PM »

However, I believe insurance is cheaper if you own

MarkS · « **Reply #177 on:** July 10, 2012, 07:32:02 PM »

Quote from: 3ZeroT on July 10, 2012, 07:23:20 PM

Don't forget to consider how much additional maintenance and repairs you potentially spend on a car for another 6-7 years outside of warranty. You likely hit some more costly maintenance intervals whereas a lease is pretty much just oil changes. Now I agree I think you still come out ahead in your scenario but you assume some risk that you may not.

My Hyundai Sonata that I bought used has a 5 year 60K Bumper to bumper warranty. Bought new there's a 10 yr 100K warranty! Plus, the way cars are built these days, there's not much maintenance in the first 8 years anyway.

Quote from: Ergel on July 10, 2012, 07:23:52 PM

I happen to believe in buying and not leasing, but I always find it funny when people make these comparisons and then use inflated numbers on one side of the equasion. People are not paying $300/month, they are paying $229.

Even if they aren't a current Infinity owner? And after tax? A lot of these numbers thrown around here in the low $200's aren't the final numbers.

PlatinumGuy · « **Reply #178 on:** July 10, 2012, 07:32:31 PM »

Quote from: AJK on July 10, 2012, 07:31:19 PM

AFAIK, bank fee and paying up front are unrelated.

If you pay upfront, what is the bank doing?

Ergel · « **Reply #179 on:** July 10, 2012, 07:32:58 PM »

Quote from: MarkS on July 10, 2012, 07:32:02 PM

My Hyundai Sonata that I bought used has a 5 year 60K Bumper to bumper warranty. Bought new there's a 10 yr 100K warranty! Plus, the way cars are built these days, there's not much maintenance in the first 8 years anyway.Even if they aren't a current Infinty owner? And after tax? A lot of these numbers thrown around here in the low $200's aren't the final numbers.

Yeah, but your 35k number is also pre tax, no?