Lease Price: 04 G35X (AWD) is this a good deal?

Hello fellas,

Just went to the stealership today and took a sweet test drive in a 2004 G35X Sedan (AWD). MSRP is $36,500 and I am looking to lease it. The car is basically loaded, less the navigation. Let me throw some numbers here and tell me if this is a decent lease deal, since I never leased a car before.
First he started with a down payment of $1400 (bank fees, doc fees, registration, etc.) A 42 month lease @ $525 a month.
After I showed little interest and about an hour later, it went to (still the same $1400 down) but to a 39 month lease @ $ 485 a month. This is with 12K miles allowed per year. There is no fees due at lease end, just walk in and hand over the keys. To me, this doesn't seem like a bad deal, compared to what some friends are paying.
If I were to purchase the car, with $5 grand down it would be over $600 a month (4.??%).
Getting back to the lease, $1400 down, 39 month @ $485 a month, does this seem like a good deal to you?
I greatly appreciate your feedback! I need to make a decision within the week. Thanks again!!! :biggrin:

A "Good Deal" is one of the ultimate subjective assesments. That aside, your lease prices seem very good to me. I leased a G35 coupe a year ago and put out 525/mo nothing down for a 60 month and 12k miles/year. It met what I needed, so if lease works for your financials, then....

Basically it sounds like a good deal espeically since it's a 39 month lease(not a long commitment). But to truely understand the value of the lease you need to know three things. What the final net capital cost is (cost after down payment), the residual value (value of car when you turn in), and the money factor (the interest rate for financing the loan). I just leased a 2004 G35 coupe 6M for (4) years, 15K miles with a $3,000 downpayment for $388/month. That's because I got a great residual value of $18,650 (on a car with 60K miles and four years old) a money factor of .00235 (5.6%) for a car that sold for $36,205 MSRP. I negoicated the price to $33,337 and with the downpayment the net cap cost was $30,337. Once you know these three things you can determine if you got a good deal. The key factor is the residual which is good on Infinitis. Anything between 40% - 45% for a 4 year lease is good, between 45% and 50% is great and anything over 50% is terrific. The money factor is like shopping for a bank loan. Depending on where you live (varcarious liability laws) you can shop different banking institutions (leasecompare.com). If you send me your email I can send you a simply lease calculator that makes lease quite simple.

I is a decent deal, I would like to know which bank he is getting you approved through. You may be able to do a little better.

I think you can do a litle bit better to be honest.

I think you can do a little bit better to be honest.