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Infiniti FX35 / FX50 Lease Questions

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  • WEll I am new here so forgive me if I am stepping on anyones toes.....BUT I had my Fiance call a few dealerships for prices adn she was quoted 487 for a 2005 FX35 Black/Black w Touring/Tech/Sirius.....Not sure if this is a good Deal they said for an extra 60/year I would get 3000 miles....I am going to post the details as soon as I can so they can be reviewd just to make sure I am getting the best deal..BUT with the 06 comming soon (hopefully) dealers may be more willing to bend and give you a better deal to get the cars off the lot.
  • jmezzjmezz Posts: 36
    carman,

    i am interested in fx35 w/touring and tech. i would like to lease for 39 mo, 15k/yr,zero down, just inceptions and i would be willing to do 9 0r 10 multiple security deposits. is it better to wait for 06(better residuals?) or to make a deal on an 05. thanks
  • Car_Man,

    Thanks so much for your assistance. This is my first post here, and I just left my local Infiniti Dealership. 2005 FX35 with Tech and Touring and XM.
    Cost: $39,796
    Residual: $23,322.60
    42 months
    0 Down
    Money Factor .00218
    Monthly Payment $594.00
    15K miles
    $599 Dealer Fee, $550 Aquisition Fee, $594 FP, $80 Tags

    3% Sales Tax

    Now, based on reading here, it looks like the money factor that I was given is a joke! I do not have credit (just moved to the states from Canada), but my girlfriend is co-signing for me, and her credit score is 720+. What should I do?? Thanks so much!
  • Hello all just wondering if I am getting "snowed" on this deal I dont have a the details with me as I am at work at the moment... But here is the basics. I am looking at a 2005 FX35 Black/Graphite Touring/Tech/Sport, with Cargo Pro, Sunroof wind deflector, Flaps.
    MSRP of 47,9000 (I believe)
    My Payment monthly would be 525.60 (may be a few cents off) WITH tax(RI 7%) for 39 Months. 15 K Miles.

    This includes an initial due approx of 4500 at signing (3000 down payment). NOW before everyone says you shouldn't make a down payment my credit is not that good, so I figure that I am going to get a high rate IF i do get the lease so the downpayment is to lower my monthly. Dont really want to pay more then 530 w/ tax. Now is this a good deal I am sure youll need other info but it seemed like a OK deal.
    thank for any info you can give me on this it is much appreciated.
  • well the 06 wont be out untill Feb so it all depends on if you can wait for it :) I say go for an 05 and get a killer deal
  • hi carman,

    i'm looking to lease 2005 fx35. msrp is 38820.
    i was quoted $490 for 36 months, 12k/year. zero drive off.

    what do you think of this?

    thank you very much.
  • Hi jmezz. It's difficult to say whether it will be less expensive to lease a 2005 FX now, or to lease a new 2006 model when it comes out because we don't know what the lease program will be like for the '06 model yet. The 2006 FX will undoubtedly have higher residual values, however its money factors will probably be higher as well. I suspect that they will be close to .00250 than the .00120 or so that is available on the 2005 model right now. Furthermore, dealers will be less willing to negotiate on the 2006 model than they will be on leftover 2005s right now. I personally don't see any advantage to waiting for an '06, but again there's no way to know for certain what its lease program will be like until it is published.

    Car_man
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  • No problem black_fx_35. You're right, the lease money factor that you were quoted for this truck is a little on the high side. Infiniti Financial Services' current buy rate lease money factor for a 42 month lease of a 2005 FX35 AWD is .00166 for consumers who qualify for its top credit tier. Its rates would be a little higher for consumers who do not have much in the way of established credit, possibly even if they have a co-signer. If a factor of .00218 is the best that IFS will approve you for, it still isn't that bad. It is equivalent to an interest rate of just over 5%.

    Car_man
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  • Greetings rifx35. Let me begin by saying that I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Infiniti would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. Down payments on leases should not have any impact upon your ability to get a good money factor (interest rate).

    You never mentioned the selling price of the truck that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what the selling price is.

    Car_man
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  • Hi oceanexprt. You never mentioned the selling price of the FX that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the vehicle that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be happy to give you my opinion on this deal if you let me know what the selling price is.

    Car_man
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  • Car_man,

    Thanks so much for the info and insight! Great news! Drove home a black/brick FX35 last night, and was able to get an even better deal than what I posted originally. 39 months, $562 per month, with 0 down, money factor of .0012 (with a co-signer). It has Tech and Touring, XM, and 20 inch rims (no sports package, just the rims). I would never have had any info to compare had I not come here and read what others are purchasing/leasing this vehicle for. So, thanks Car Man for your advice, and thanks to everyone else who provided indirect info throughout this message thread! Love the new ride!!!
  • Car_man,

    Could you post the MF's and residuals on the FX35 AWD w/touring only for a 36 and 39 month 15k/year lease, thanks!

    cake97
  • ppnffppnff Posts: 65
    Could you also post the MF's and residuals for the FX35 AWD for 39 month, 10k/year lease? Thank you.
  • jmezzjmezz Posts: 36
    carman,
    i have deal for 05 fx35,425/mo tax inc,6500 down with 4500 of that coming back to me(multiple security dep)39 months, 15k/yr.they are aslo paying off my 2100 left on current lease. fx35 is tour pkg list around 40,500.is this a good deal or should i wait until i do not have much left on current lease? i heard when fx 06 come out that the lease deals will not be so good. i also need to keep my payments at 425/mo please advise.

    john
  • hahah holy crap man sounds like you got the same deal as me!! I got mine for 36 months however... how are you enjoying your new baby? I am in love with mine. I just took a 10 day vacation and missed it dearly
  • You're very welcome black_fx_35. Congratulations on your new FX and thanks for taking the time to stop back and let us all know how everything turned out. Enjoy!

    Car_man
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  • Here's the information that you are looking for, cake97. If you were to lease a 2005 Infiniti FX35 AWD through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00119 and 58%, respectively. The numbers for an otherwise identical 39 month lease should be .00116 and 57%.

    Car_man
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  • Hi ppnff. The lease program for the vehicle that you are interested in would be exactly the same as the one that I just mentioned in my previous post, but leases of models through IFS with only 10,000 miles per year have residual values that are 2% higher than leases with 15,000 miles per year.

    Car_man
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  • Hi John. This is a pretty complicated deal, with your multiple security deposits and negative equity, but I should be able to give you my opinion on it if you provide me with a little more informaiton. You never mentioned the selling price of the FX that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment.

    Car_man
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  • Sup car man,

    Let me know what you think for this lease deal.
    Infiniti FX35 AWD, Touring and tech. Black/ graphite
    MSRP 44,800
    selling price 40,700. The dealer said this was $87 above invoice.
    39 mo. lease
    residual at 57%
    0.00116
    15,000 mi. per yr.
    $1500 down, this includes everything except DMV fees.
    monthly payment came out to be $499.
    So far, this is the best deal i've been offered. Let me know what you think. Thanks.
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