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Here's the deal I received from the dealer last night. It's for 2005 FX35 AWD with Touring & Tech Package. Please let me know am I getting a good deal or should I bargain more?
MSRP Price is $44360.00
Lease Term: 36 Month
Mileage: 12K / Year
Monthly Payment included Tax = $$547.10
Drive off: $928.85
Thank you very much for your help.
I've been following your words of wisdom, and have called 3 local dealerships, and received similar quotes. The most competitive quote is:
FX35 AWD ~ Touring ~ Black on Black
MSRP: $40,800
Cap Cost: $ 37,302
36 months, 12000 miles a year
Residual: 59%
Money Factor: .00119
$460.00/month (tax included)
$1370 due at lease signing (Bank Aquisition Fee, Doc Fee, First Month's Payment, Title, Registration, and Inspection costs. No Security Deposit)
How does deal sound? This is lowest Cap Cost I could negotitae. Dealership said they were making $161.25 on the invoice. What are your thoughts?
Keep in mind the monthly payment includes paying off my TL
'05 FX35 w/ Touring and Technology Packages
18,000 miles per year
39 Months
Drive Off: $1750
Monthly $: $618.90 (includes tax)
Without the trade-in, the deal would be..
Drive Off: $1460
Monthly $: $507.00
I don't know the residual, but the money factor is .00115 right now.
Thanks to any and all for your feedback.
$585 per month with taxes for 39 months with 15k per year
57% Residual
Sticker of $45,000 and change
Negotiated price of $40,576.20
Claims the money factor is .00116 but I did not see the figure. Please advise if you think this is a good deal because I felt it was pretty good. Thanks so much for the help.
Cap Cost: $ 36,999
36 months, 12000 miles a year
59% residual money factor: .00119
$460.00/month
$1160 due at lease signing
For:
- Touring Package
- Roof Rack Crossbars
- Splash Guards
- Cargo Area Cover
Pick up the car Monday.
2005 Infiniti FX35 RWD equipped with Touring and Tech Packages with Trunk Mat and Splash Guards.
MSRP $43060.
Negotiated price $40,576.20 + tax + fee
But I wanna keep my monthly payment around $450.00
So here's my lease deal:
36 month @ 12,000 miles at $450 monthly with $3,810.62 in drive offs
Or
39 month @12,000 miles at $450 monthly with $3,104.88 in drive offs.
So what do you guys think? Is the drive off a little bit high? Please help? I am planning to close the deal these two days. Thanks!
$450/month...does that include tax? What is the monthly lease payment without tax? What is your states tax rate?
Out of $3,810 drive off, how much is an actual down payment? If $3,810 is the complete downpayment, not including registration, taxes, first month, etc, your monthly rate should be around $410.00.
I would suggest 36 month over 39 month. In my opinion, December is always the best time to lease so try and have your next lease start in December as well.
I put a deposit down on a lease for a new 2005 AWD FX35 with both touring and technology packages. Also has splash guards and a few other things.
The deal is $1000 at signing and $544/month for 36 months, titled at a tax rate of 7.75%.
I do not have the other info in front of me, but I know the money factor was .00119. the MSRP was between 44,000-45,000 and the sale price was around 40,500 or so.
Does this sound like a good deal? I could have gotten it a bit cheaper had I gone with a model they had in stock with a black exterior, but I wanted a beryllium exterior model, and they had to ship it in so they charged me more.
What do you think? I put a $1000 deposit down to have them ship it in but I can back out at any time before signing.
Please let me know ASAP! Much appreciated!!
Thanks!
Car_man
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2005 FX35 Touring, Black/Willow
MSRP $40,650
Negotiated to 18,000 miles/year, 39 months, $2500 down, $457.02/month.
We didn't discuss any of the particulars in the formula (money factor, residual, etc.)
Just wondering what others' thought. It seems reasonable, however I think I can tweak some of the numbers (slightly more miles, less monthly payment). I put a lot of miles on my cars living in Detroit.
Car_man
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What do you think of this lease offer:
2005 FX35 2WD
COMES WITH OPTIONS:
- SPORT APPEARANCE PACKAGE
- TOURING PACKAGE
- TECH PACKAGE
- SPLASH GUARDS
- CARGO AREA PROTECTOR
MSRP: $44,610
YOUR BEST OFFER PRICE (LEASE): $40,503
YOUR BEST OFFER PRICE (PURCHASE): $39,543
LEASE TERM: 36 Month with 12,000 Miles per year
BASE ON CREDIT SCORE 750+
STATE TAX RATE 7.75%
$3,000 DRIVE OFF
$506.93 PER MONTH (TAX INCLUDED)
Should I go for it? or what is your suggestion? Thanks!
How much of the $3000 drive off is the "Capital Reduction Cost"? My guess is $1851.50.
I calculated the lease payment with the MSRP you gave and a Capital Cost of 38,651.50 (the 40,503-1851.50 capital reduction). The lease payment you were quoted is inline with the current 36 month 12k miles FX35 2wd lease offer. 53% residual, and .00086 money factor.
Car_Man advises against putting money down. There are several reason for this, the main one is, let's say you lease it, and the car somehow gets totalled. Your insurance company will pay off the vehicle directly to infiniti, and give you nothing. And you're out $3k.
If you did zero drive off I calculated a payment of $599.50 including tax/month for that vehicle. A difference of $3348 over the life of the lease, but you get to keep your $3k now.
Good Luck,
Larez2
2005 FX35 AWD w/Touring, XM, roof rails, splash guards, and cargo mat.
Lease length: 39 months
Miles: 15,000/year
MSRP: $40,960
Cap cost: $37,784
Residual: 53%
Money Factor: .00082
Due at signing: $1274.83 (includes 1st payment, license, title, doc fee, bank fee and tax).
Total payment: $488.63 (includes 6% MI tax)
What do you guys think? The dealer says this is $300 over invoice and is what is being offered to employees.
Car_man
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What are the lease numbers for the 2006 FX45. I'm looking at either a 24, 36 or 39 month lease.
I am going to be moving from New York to Los Angeles in a week and am interested in leasing a '05 FX35. Specifically, I am looking for a '05 FX35 2WD with touring and technology packages for a 36 or 39 mo. lease. Carsdirect.com quoted the car's MSRP as 42,810 and its lowest price as 37,904. According to cars.com, the dealer's invoice for this car is 39,004.
First of all, is 37,904 a good price? Should I just go through Carsdirect.com to complete the transaction? If you have any experiences with them, please share.
Or do you think I should use this price as a starting point to negotiate with local dealerships?
I know that money factor and residual value also play important role in determining my monthly payment. Are these also negotiable or are they pretty much set in stone? What is a good money factor and residual value that I should be looking for when I talk to the dealers?
Thanks in advance for the help.
Michael
FX35
24 month = .00297 (68% residual)
*36 month = .00189 (57% residual)
FX45
24 month = .00272 (66% residual)
36 month = .00164 (55% residual)
*The 36 month on the FX35 is quite attractive. This is a special rate which is rare for Infiniti to offer on a newly released vehicle.
Are these figures in line with what you are seeing in the market right now? If not, can you please provide an update on February values. Thanks a million!
The lease rates offered were pretty decent, I think with the following quote:
36 Mo. lease: 59% residual, .001930 money factor
42 Mo. lease: 55% residual, .00200 factor
48 Mo. lease: 50% residual, .00223 factor
All leases require $1000 down payment and include 12,000 miles yr.
How does that sound? What are chances of getting one of these 2006 models for $1000 over invoice in the next couple of months?
Can you provide the lease money factor and residual for an 2006 Infiniti FX 35 AWD for 36 months / 15,000?
Thanks!!!!
Car_man
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Vehicles' money factors and residual values are set by banks. Individual dealers do not have any authority to alter vehicles' residual values, but banks do usually allow them to "mark-up" vehicles' money factors to add additional hidden back-end profit to deals. This is why it is important to know what the lease program should be like for the model that you want prior to visiting any dealers. If you were to lease an '05 Infiniti FX35 2WD 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 .00265 and 49%, respectively. The numbers for an otherwise identical 39 month lease should be .00265 and 48%. Interestingly, Infiniti's lease program for this model varies by region this month. Its lease program for it is much more attractive on the East Coast than it is on the West Coast. It would be much less expensive for you to lease it in New York right now, but it might now be worth the trouble of driving it or having it transported across the entire country.
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As far as this vehicle's lease program goes, the money factors and residual values that you were quoted are right in line with Infiniti Financial Services' current program, which is always a good sign.
Car_man
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I am hoping you can help me estimate payments on a 2006 FX 35. We would want a 36 or 39 month lease (whichever is typically more favorable) with 15K per year. The sticker price is $42,300 and lets assume a sale price of 39,500. If i rolled everything into the payment and put nothing down, what would the payments look like. Also,is there typically a time during the year when the lease rates or rebates become more attractive on the current 2006s? We are not in a hurry so we can wait until later in the year if that would help us.
Thanks,
curtis
The lease terms for 42-mo, 15K are: 54% residual & .00265 money factor.
Would greatly appreciate advice on whether pricing and lease terms are appropriate!
Thanks!
lzr
I got a quote for FX45 : $51,500 online price with $750 month payment month. $2800.00 due at signing. 15K miles yr. Would this fall in line with your money factors and residual you quoted jimity. Payment seems high to me as I had a Hummer H2 lease $597 month, 3000 down and 52,000 sticker.
Is this a good deal?
What are the current incentives being offered?
We want to lease and keep our payments under $400/mo. including tax. Is this possible with no money down? What are the current lease rates for a 36 or 39 month lease with no money down? We live in MN if that makes a difference.
We are going to the dealer tomorrow night to take a test drive. Your advice would be greatly appreciated.
Thanks,
--rokum
Thank-you very much for the information last month. This month I'm heading to the dealer and I want to make sure that I have all the up to date information.
I'm interested in leasing a 2006 FX35 2WD that has a MSRP of $46,500 and according to the Edmund's calculator a Cap Cost of $45,500. I wanted to lease it for 36 or 42 months at 15,000 miles. Can you provide me:
1. Lease factor rate used for March?
2. The residual factor used for March?
3. The monthly payment?
4. What is Infiniti's Acquistion fee?
Thanks! I would greatly appreciate it.
Williee
Looking for the March information for the 2006 Infiniti FX45.
Thanks.
Car_man
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