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MSRP - 40090
Purchase = 36862
Resid- 58%
Money factor .00193
Monthly payment - 494.07
My question is this, ... Do dealers, and Infiniti in particular, lease new last year models? If so, I might be interested in a short 24 or 36 month lease on this vehicle, with putting $0 down. Let's give it a total cap cost of $38,500 after negotiations. Can you tell me what the payment should be with the estimated numbers I gave, for both a 24 and 36 month lease?
Thanks,
Daryl
Daryl
I wanted your opinion on the following:
My local dealer offered me $498 a month on an FX35, tech,touring, handsfree, nav, sports, rear ent with $2500 down. Total due at signing came out to $5634. She didn't give me the cap cost but the MSRP on this vehicle is $49500.
Using 60% and money factor of .00193, pre-tax monthly I was getting was $628. My guess is she had the car at $47,500?
Is this a good deal?
Also, how much of a difference do you think the prices will be in June? The reason I ask is that I currently have a BMW X5 that's coming off lease in June and the options the dealer gave me to get it off my hands were ridiculous.
Thanks for all your insight and opinions.
eyang
What is the minimum monthly payment (2006 FX 35 RWD)that is possible with no money down for a 36 month lease? I am fresh out of college and really want to get this car and wanted to find out if I can afford to make this expensive mistake.
Questioning the 5K miles, and the price seems not a good deal.
Any idea if this is good deal ?
I'm about to come out of an Infiniti Financial Services (IFS) lease at the end of June of this year. IFS called me a few weeks ago and told me that I qualify for a special deal if I get into another lease with them. They told me that they would waive up to $500 excessive wear and tear (not over mileage) on the lease I would be turning in, waive the security deposit on the new lease, not pull my credit, and would qualify for better rates than any other lessee. Have you ever heard about this program? If you have, what are the terms on the lease of an FX35 rwd for 36 or 39 months with 12k miles per year? Thanks for the help.
Car_man
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As far as this vehicle's selling price goes, if it is actually $47,500, you are probably at around $1,500 or so over dealer invoice which isn't too bad. I personally would want to know exactly what this model's selling price is before leasing it. You really should try to find out. for additional feedback on how much you should pay for an FX35 right now, make sure to stop by the following discussion: "Infiniti FX45 / FX35: Prices Paid & Buying Experience".
Car_man
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Car_man
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As far as this model's current lease program goes, if you were to lease a 2006 Infiniti FX35 2WD through Infiniti Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00189 and 58%, respectively. The numbers for an otherwise identical 39 month lease should be .00219 and 57%.
Car_man
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Thanks Car_man for helping us make an informed decision with leasing these cars. I was wondering if you could give me an opinion on the following terms for a lease in the Dallas area? My girlfriend has been talking with a salesperson and she relayed the following info.
FX 35 2wd with touring, hands free, and some other options
MSRP - 40660
Purchase = 38685 (According to infiniti.com, I guess I need to add $1,150 for deposit and acquisition fee to calculate cost
Resid- 54%
Money factor .00228
Monthly payment - 614
Term: 42 months
Mileage: unsure if 12k or 15k... will find out.
Using the above numbers at http://www.leaseguide.com/calc.htm, I get 613.31/month with the 1,150 deposit and acquisition fee
I noticed that others are getting a better deal on the money factor and I pretty sure that we can negotiate a better deal on the car. Would we be better off going with a shorter lease, say 36-39 months? In your opinion, at what point should we buy rather than lease?
To complicate things further, the salesperson is trying to get her to terminate her current lease early (2.5 months). The buyout on her car is 17.8K and Infiniti said they would take it for 18.5K. Blue book on the car is 21,000 and she has 2 months left of lease payments at $500/month. I tend to buy my cars and keep them for a long time, so leasing is foreign to me, but I get the impression that turning her car in early to Infiniti is an expensive proposition. Should we wait until the end of the lease which is the end of June, or try to negotiate a better buy out from Infiniti?
THANKS SO MUCH,
Neil
Can someone give me the entire formula that includes the following:
MSRP:
Selling Price:
Invoice Price:
Money Factor:
Capital Cost:
Residual:
Down Payment: If I can avoid giving a downpayment would be great!!!
Anything else I would need to know, please educate me on this; since I' am going to be leasing for the first time...
thanks to all in advance
MSRP: $50,810
Selling Price: $47,049
Invoice Price: $46,335
Money Factor: .00259
Residual: 55.0%
Down Payment: $5000
Monthly Payment: $665.35
Term: 39 months
I'm very close to pulling the trigger on this one, as mentioned in the title, it's a VPP deal so i am curious to see how much of a deal it is. thanks
Car_man
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Car_man
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Car_man
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Infiniti's most attractive lease term for this model is currently 36 months. Its 36 month, 15,000 mile per year buy rate money factor and residual value are currently .00189 and 57%. Keep in mind though that generally speaking the shorter a lease is, the higher your lease payment will be. So even though the 36 month program is more attractive than the 42 month one is right now, your monthly payment might actually be higher.
As far as what you will have to pay at lease signing goes, you'll have to pay your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment (unless you decide to have it waived), IFS' $550 acquisition fee, and any required state taxes or fees.
Generally speaking, consumers are usually better off waiting until the scheduled end of their leases to get a new vehicle.
Car_man
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You can find the MSRP and invoice prices of the vehicle that you are interested by looking it up in the following section of Edmunds.com: Edmunds.com - New Vehicle Pricing. As far as its selling price goes, you should be able to get a good idea of how much you should pay for an FX35 right now by visiting the following discussion: "Infiniti FX45 / FX35: Prices Paid & Buying Experience". Its money factor and residual value will vary depending upon how long you lease it for and how many miles per year you need to be able to drive it. If you let me know the term and mileage allowance that you are interested in, I can tell you what the money factor and residual should be. Consumers can and should lease vehicles without making any sort of down payment. The only things that you will have to pay at lease signing are your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, IFS' $550 acquisition fee, and any required state taxes or fees.
Car_man
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I see that you are considering making a $5,000 down payment on your lease. 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 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 FX45 would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all.
Car_man
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Car_man
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* These are for 12000. For 15000 it would be 1% less in residual.
1. 36 months, 0.00193, 59%
2. 39 months, 0.00221, 58%
3. 42 months, 0.00200, 55%
The sales man recommends 42 months which offers significantly lower monthly payment. I am looking at FX35 AWD with sport and touring. The price quoted is roughly 300 over invoice, $40548.09.
They also added the tax in the total cap. The initial payment is 1st month pay, bank fee plus license and tax.
Should I pursue other lease deals like 24 months? Any 24 months lease deal on this model by infiniti?
Anything I can do to improve it? :shades:
Up front cost = about $4300 which includes:
Cap Cost reduction ($1650) + Tax + License Fee + Bank fee + 1st month.
Monthly payment is $462.50 for 36 months 12k/yr.
Give me your thoughts. Thanks.
Could you tell me the Residual and Money factor for the 2006 Infiniti FX35 AWD & FX45 for 24, 30, and 36 months with 15,000 miles per year?
Thanks.
I've been offered the FX35 loaded, with touring, tech, sports, hands, mobile dvd, rails, splash for a 39 month 10,000 mile lease at 579 with zero down + tax and fees ($3000) at signing.
The price for incorporating the taxes is 645 a month with 1200 due at signing. Would you consider these a good deal? I feel like it was too easy since I only spoke to him once. The MSRP was 49950 and the price for this lease is at invoice according the the dealer at 45,327.
Thank You,
Ethan
Daryl
MSRP= 46,500
Sale price= 43,374
Residual = 52%, .00169,
for 42 months, 15,000 miles
$2000 at signing, payment of 589 incl tax.
I have never leased before, so want to make sure I'm getting a good deal. Thanks for any help.
Local Dealer is advertising what looks like a sweet deal on an '06 FX35 AWD with Touring Package for 24 months, 12k per year. I can do the math, I'm just looking for the money factor and residual numbers.
Thanks!
Car_man
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Car_man
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Car_man
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Car_man
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Car_man
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Thanks,
Stew
Thanks!
Any feedback is appreciated!
Thanks
24 mo/15k mi = Residual Value 67% of MSRP .00116 Base Money Factor Rate
36 mo/15k mi = Residual Value 56% of MSRP .00154 Base Money Factor Rate
48 mo/15k mi = Residual Value 42% of MSRP .00184 Base Money Factor Rate
60 mo/15k mi = Residual Value 34% of MSRP .00225 Base Money Factor Rate
24 mo/12k mi = Residual Value 68% of MSRP .00116 Base Money Factor Rate
36 mo/12k mi = Residual Value 57% of MSRP .00154 Base Money Factor Rate
48 mo/12k mi = Residual Value 44% of MSRP .00184 Base Money Factor Rate
60 mo/12k mi = Residual Value 36% of MSRP .00225 Base Money Factor Rate
Year to date sales are off 24.2%.
The 2007 FXs are expected mid September.
I am hoping Infiniti gets agressive with the rates and possibly some dealer incentives for next month.
There is also a new 12 month lease deal offered as I've heard many talk about it, but haven't been able to nail down the specifics of it yet. Car_Man, .. any info?
The 24 month/15K rate looks very appealing, and my calculation came up with only $1 difference in price between the 24 and 36 month rates when using a final cap reduction negotiated with my dealer.
June is a quarter ending month. I wonder if this will have any affect on Infiniti's posted rates as opposed to what they will offer in July?
I'm very close to making the move, but unsure if this is the time or if July will be better. :confuse:
2006 FX35 AWD
Touring Package
Sirius Sat
Mud Flaps
Cargo Protector (I think that's all)
MSRP - 41,460
Negotiated price - 38,800
Zero down except first payment and registration, etc...
For a monthly payment of 479.92 (which includes MA sales tax)
Payments actually work out to be 499 but they screwed something up on my contract and the payment went down $20. Brings the negotiated price closer to 38,500.