Infiniti G convertible... lease for $499... so tempting...

[iversonyin]

What are you driving now?

 

[MotF Bane]

So, what you're saying is, the G is a 370z with a prettied up Maxima interior and less agressive body.

That's a fair statement.

 

[The Boston Dangler]

Plus it is a 39 month lease, how many people keep a car longer than that?

And did I mention that it is a damn nice car too 🙂


BTW I have not bought one and most likely wont, but it is a good deal for a high end convertible.

i'll have mine for 5 years in july, and no reason to replace it.

nice car, but a high-end car starts at nearly twice that price.

 

[Doggiedog]

39 month leases are bad. The car is typically past its warranty so any problems in those three months beyond the warranty are on you. Plus, there is more wear and tear so you are definitely going to have to replace things like the tires out of pocket.

The G sedan has a lease special now for $319/mo. Based on that, can't you see if you can do any better on the G convertible than the price you got?

 

[ProfJohn]

The G convertible is almost $10k more than the sedan hence the huge jump in monthly payments.

The coupe is probably the best deal at only $339 a month.

BTW the price you quoted is for the G25, not the G37.

BTW2 the BMW deals looks to be better since they are no money down. A 128i convertible for $449 or a 328i couple for $479.

Because of the down payment the true cost of the Infiniti deals are about $80 more per month than the advertised rate.

G37 coupe for $420 a month or
128i vert for $449 a month or
328i coupe for $479 a month
is the BMW coupe worth $50 more a month? hmmm

 

[KentState]

39 month leases are bad. The car is typically past its warranty so any problems in those three months beyond the warranty are on you. Plus, there is more wear and tear so you are definitely going to have to replace things like the tires out of pocket.

The G sedan has a lease special now for $319/mo. Based on that, can't you see if you can do any better on the G convertible than the price you got?

Typically anything but the base car line has at least a 48/48,000 bumper to bumper warranty.

 

[PricklyPete]

The G convertible is almost $10k more than the sedan hence the huge jump in monthly payments.

The coupe is probably the best deal at only $339 a month.

BTW the price you quoted is for the G25, not the G37.

BTW2 the BMW deals looks to be better since they are no money down. A 128i convertible for $449 or a 328i couple for $479.

Because of the down payment the true cost of the Infiniti deals are about $80 more per month than the advertised rate.

G37 coupe for $420 a month or
128i vert for $449 a month or
328i coupe for $479 a month
is the BMW coupe worth $50 more a month? hmmm

I would say no...and I like BMW's a lot. The G37 is much more car. The 3.0L in the BMW is smooth...but it is tame compared to the 3.7 liter in the G37. If it was your wife's car...sure...the BMW would be fine..but if you want something with some balls, get the G37.

 

[GasX]

For the people who just focus on car payments, are you aware that you are spending north of $16,000 to drive a car that will have a residual value of $0 in three years when you take it back?

 

[adlep]

Lol - $600.00 a month for a lease...
You are out of your mind for considering it.

 

[Arkaign]

Lol - $600.00 a month for a lease...
You are out of your mind for considering it.

This. You can buy a really nice car for the same price. I guess a lot of people just have so much money they don't care about burning it.

 

[ProfJohn]

$600 a month will buy you a $30,000 or so car maybe $35,000 if you go 72 months at a low rate.

I can lease a $40,000 car for less than $450 a month.

Also I tend to change cars every 3 years so leasing for me makes some sense since I am only paying for the part of the car's life that I own it for.

Buying only makes sense if you keep it for a decent time after it is paid off in which case you are driving it for 'free.'

 

[Arkaign]

$600 a month will buy you a $30,000 or so car maybe $35,000 if you go 72 months at a low rate.

I can lease a $40,000 car for less than $450 a month.

Also I tend to change cars every 3 years so leasing for me makes some sense since I am only paying for the part of the car's life that I own it for.

Buying only makes sense if you keep it for a decent time after it is paid off in which case you are driving it for 'free.'

Buying can also make sense if even if you get new cars every two or three years, if you get stuff that has a lot of residual value. My brother has been in new TLs for a while now after trading his Maxima for his first in '02. He usually gets at least $15k trade-in value when he goes in, leaving him with payments for closer to an economy car.

I know cars are never investments though, I just shudder at the thought of so much $ going to a lease. I'm much more comfortable having things paid off. I'd rather live in a paid-for trailer than a leased mansion, or own a '86 Pickup than be paying big bucks for a leased luxury car. Debt makes me shiver.

 

[KentState]

For the people who just focus on car payments, are you aware that you are spending north of $16,000 to drive a car that will have a residual value of $0 in three years when you take it back?

If you took out a 36/month loan, the car would loose about $16k in value anyways. If the car is great, then buy out the lease at the end otherwise move on. Either way you are out pretty much the same amount of money.

 

[ponyo]

If you took out a 36/month loan, the car would loose about $16k in value anyways. If the car is great, then buy out the lease at the end otherwise move on. Either way you are out pretty much the same amount of money.

Yup, the loses are greater in many cases buying new. At least with a lease you're capped.

I'm done with new purchases other than for business use. Everything going forward will be 3-5 year old luxury car purchased cash. Drive it for 2-3 years and repeat.

 

[Imdmn04]

This. You can buy a really nice car for the same price. I guess a lot of people just have so much money they don't care about burning it.

If you buy the same car as opposed to leasing (same money down), you are guaranteed to pay more at the 36months mark.

You burn money either way, 3 year residual for a car like this is somewhere around 53%, that is whether you buy it or lease it.

For a lease, you pay depreciation+tax+interest
For a purchase, you pay the price of the car+tax+interest

Over the course of 3 years, you will pay much more in interest buying (you are financing the full amount of the car instead of just the depreciation over the lease period) and taxes over the FULL price of the car (as opposed to just the depreciation on the lease).

If you are are going to switch out your cars every 3 years, leasing > buying/selling.

 

[Imdmn04]

For the people who just focus on car payments, are you aware that you are spending north of $16,000 to drive a car that will have a residual value of $0 in three years when you take it back?

You are going to lose $16K in (depreciation+interest) whether you buy(finance) it or lease it over 3 years.

 

[ayabe]

Get a used G37 if you want one. Vert is meh.

Who keeps a car more than 39 months? A new car? Most people I would imagine unless it sucks.

 

[Lotheron]

If you buy the same car as opposed to leasing (same money down), you are guaranteed to pay more at the 36months mark.

You burn money either way, 3 year residual for a car like this is somewhere around 53%, that is whether you buy it or lease it.

For a lease, you pay depreciation+tax+interest
For a purchase, you pay the price of the car+tax+interest

Over the course of 3 years, you will pay much more in interest buying (you are financing the full amount of the car instead of just the depreciation over the lease period) and taxes over the FULL price of the car (as opposed to just the depreciation on the lease).

If you are are going to switch out your cars every 3 years, leasing > buying/selling.

This is only depending on where you live. In TX, you pay Taxes on the entire value/price of the car, not just the part you lease. The only way it becomes worthwhile is if you purchase the car at the end as they have a clause that it's a "special case" so you don't pay tax twice.

Either way, leasing isn't a good idea in TX and usually not a savings.

 

[exar333]

This is only depending on where you live. In TX, you pay Taxes on the entire value/price of the car, not just the part you lease. The only way it becomes worthwhile is if you purchase the car at the end as they have a clause that it's a "special case" so you don't pay tax twice.

Either way, leasing isn't a good idea in TX and usually not a savings.

Same in MN. 🙁

 

[mparr1708]

It should also be mentioned that putting money down on a lease is bad juju. If you want to reduce your lease payment with extra cash see if they have a multiple security deposit program. Putting money down opens you up to a large loss if the car ends up totalled after you drive it off the lot. When i lease my cars I shoot for nothing out of pocket except 1st month and bare minimum fees.

 

[Blackjack200]

For the people who just focus on car payments, are you aware that you are spending north of $16,000 to drive a car that will have a residual value of $0 in three years when you take it back?

I don't understand it at all, buy or lease. Don't get me wrong, I like cars, and I make okay money, but I'd need to be making 3 or 4 times what I make now before I'd seriously consider driving around in a $40k car.

Slightly OT, but anyone in this thread care to post what you spend on your car payment + insurance per month as a percentage of your net monthly income (i.e. what you see on your paycheck)?

I'm right at about 10% and that still seems way too high.

 

[PricklyPete]

~2% of Gross or ~3% of Net...but that is only insurance on both of our cars as we have no car payments. That's not exactly fair though as when we do purchase cars we pay for them outright which didn't come for free...so in my opinion you have to divide the total cost of the car minus what you end up getting for it by the total months you owned the car to determine what you're "monthly payment" was on that car...which you won't be able to do until you sell it/trade it in.

 

[BurnItDwn]

Plus it is a 39 month lease, how many people keep a car longer than that?

100% of smart people keep cars longer than that. Smart people usually keep cars for 10+ years.

 

[Doggiedog]

Yup, the loses are greater in many cases buying new. At least with a lease you're capped.

I'm done with new purchases other than for business use. Everything going forward will be 3-5 year old luxury car purchased cash. Drive it for 2-3 years and repeat.

Not necessarily. All leases I've had I would have to pay for "excess" wear and tear like new tires, curb rashed rims, scratched bumpers and dings. These things you really can't avoid in NYC.