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.00150= 3.6%
.00026= .62%
Thanks for your thoughts.
Just came out of an Infinity dealership with the following offer:
FX35 awd with Tech, Sports, Touring +some small extras
MSRP 48,500
24 month lease
15K miles / year
Driveoff 5,000
Monthly payment 420 including tax
tax rate is 8.75
Can anyone tell me if I am getting ripped?
thank you!
MSRP: $46,900 (note, destination was $700, not the current $760. Been on the lot 111 days).
Cap Cost: 43,150
Adj. Cap Cost: $41,039.52 (had trade equity applied; I know, not usually a good idea, but they were not giving cash back!)
Acq. Fee $595
Doc fee: $369
Title: $656.50
Tire tax: $5
MF: .00039 (.936%!)
Payment: $419.74 + tax $33.37 / mo = 453.11
Total down out the door: $3,797
I think I did OK, I couldn't seem to get them below invoice as I have seen others were fortunate enough to do. I did get a good price on my trade (~$500 above good kbb value). Any feedback would be welcome so next time I can do better. I couldn't have done this well without the information posted by the good folks on this forum. Thanks to all for taking the time to post. I hope the above info helps out others as well. :shades:
If you hadn't put the trade equity down, your monthly payment would've been around $560 / month.
What surprised me on your deal was the title cost! That seems really high! That's all determined by the state, though, right? Which state are you in? Were there any details to that cost?
2007 FX35
Tech Package
Hands Free
Sport Package
DVD Mobile Entertainment Pkg
Roof Rail Cross Guards
Splash Guards
24 Month
12000 miles per year
Monthly payment $528.52
Dealer says MSRP is $47,960
total cap cost $ 44,328.51
dealer invoice $43,898
Money Factor .00026
Residual 67%
$2800 down
Includes:
1st Month $528.52
Tax $904.00
Luxury and Fuel-Inefficient Surcharge (a NJ tax) $177.00
Registration $334.00
Documentation & Title $249.00
Tire $7.50
Bank Fee $595.00
I like the car - can I fight for a better deal? Seems like a lot up front.
Is the dealer tacking an additional ~$750 of various BS protection packages and wheel locks?
Otherwise, your residual / money factor / and invoice mark-up look to be about normal. You might be able to beat him down to Invoice, but it's probably not worth the time.
What's killing you is the incredible number of taxes! I'm not sure what Jersey law is, but that's a whole lot of taxes and fees. Check with you local DMV and see if they're all required or if the dealership is fleecing you somewhere. In MI, Title is only $15 and there's a 6% sales tax on the monthly payment (~$30 for $500). The $595 bank fee is standard, too (set by IFS). Can't comment on the rest...
The $249 doc fee is excessive. I've never paid more than $150, and even that is alot.
What's with the luxury and gas-guzzler tax? This is an FX35, not a Benz G class. What pricerange does this start at? Our $36k Pacifica didn't get hit with it, and that gets worse mileage.
And, finally, why are you paying all the tax up front? In NJ, you get taxed on each payment, so there is no benefit in paying that up front.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
The "gas guzzler" tax, better known as "Luxury & Fuel Inefficient Vehicle Surcharge" is a legite tax and appears it will apply to me. "Effective July 15, 2006, new car dealerships are responsible for collecting a 0.4% surcharge on the new sale or lease of vehicles priced $45,000 or greater or on vehicles having an EPA rating of less than 19 miles per gallon." This is from the following web page:
http://www.nj.gov/njbgs/luxvehs.htm and http://www.state.nj.us/mvc/pdf/Vehicles/luxtaxfaq.pdf
The FX35's average MPG is 16 + 21 / 2 = 18.5 which is less than 19MPG. That sucks. As far as the tax is concerned, I'll see if I can get it spread into the individual lease payments. Thanks!!!
And thanks for the tip about that tax. I'll have to keep that in mind if we move up in class when my wife's Pacifica lease is up (I personally want an FX45, which is why I visit this forum ).
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
07 FX35
2wd
handsfree
splash
sport
tech
touring
MSRP: 46,810
Residual: 66.00%
Adjus Cap: 42,096
Money Factor: .00010
Drive off: 2,500
monthly: 474.01 +tax= $513.12
07 FX 35
AWD
handsfree
cross rails
splash
tech
tour
MSRP: 46,560
Res: 67%
Adjust Cap: 41,987.54
Money factor: .00026
Drive off: 2,800 (roll my last payment in)
Monthly: 468.70 +tax= $507.37
They are both liqplat/graphite
Do these sound good? I think I can do better really. thanks
((Base MSRP/100)*0.6)*2.8
Base MSRP on the 2WD FX is $37,800 = $635.04
Here's the other adders:
Registration $8.25
Air Quality Fee $1.50
Title fee $4.00
PRC (recording costs?) $12.00 :confuse:
Just received my tags and the actual total is a little higher than on the docs signed.
I do agree that the cost is too high. We're way overtaxed in our state on all things (sales, property, gas, income etc.) it seems. Too bad the apathetic voters don't tell the government they need to operate like a business and not a charitable organization! Never gets cold here so the politicians never put their hands in their own pockets :mad: (Writer puts soapbox away...)
Thanks
Car_man
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Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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 more than happy to give you my opinion of this deal if you let me know what its selling price is.
Car_man
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Car_man
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Car_man
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Car_man
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I jumped on one this week! Went with:
2007fx35 AWD w/tech/tour/handsfree (they are swapping the xm to siri for me for free)
2500.00 total drive off
12m/12k
506/month total
Very happy!
Thanks
cap cost $42,143.00 (invoice)
MSRP $46,160
MF .00026
residual 0.67
The pretax monthly payment should be around $487 and the first month payment should be $2,258 including NYC tax, bank fee, and DMV.
Every single dealer I have contacted in the NYC area essentially called me crazy and offered numbers about $50-$200 higher a month pre-tax and said I would never get this car using my numbers.
So are my numbers off?
Touring
Sport
Tech
Factory Installed Rear DVD
Hands Free
Splash Guards
Roof Rails
The Works....
MSRP $50,060
24 Month Lease
12,000 miles per year
Lynnes Infiniti in Jersey
$2,000 out of pocket
$581.29 monthly payment
.00026
67% Residual
I didn't test-drive with the Sport package - seems a little less smoother ride than without Sport but it is a beautiful car!
just received an email from the Infifniti of Manhattan:
"lease a 2007 Infiniti FX35 for $279/mo
for 24 months with $1995 down"
"The Fx35 starting at $279/mo for 24 months is for the RWD car. AWD is an additional $29.84 more towards the monthly payment. Taxes differ upon where the vehicle is registered.
$0 down is available. We would simply divide the $1995 down payment by the term of 24 months and add the amount to the monthly payment"
Hope it helps in any way.
How many miles is that, though? 10k?
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Any packages? Is that deal only for the month of July '07?
Any information will be helpful considering that I plan on getting my dream car this weekend!!!!
We were just given a quote on a 2007 AWD FX35 in the Columbus Ohio area with the following:
Touring
Hands Free
Cargo Protector
Splash Guards
Sunroof Deflector
It has a MSRP of $42,290.00
They listed the following:
Total Cap $40,232.38 (including taxes)
Residual - 67%
Monthly payment $486.42 for 24 months and 12K miles
$2000 out the door
They listed cap reduction of $647.93
Tax $90.65
$100 Doc Fee
$80 License Fee
$486.42 Advance Pymt
$595 Bank Fee
Rate 0.26
Is this a good deal? I'm not even sure what all of these numbers mean and my husband is from England and has never leased before so this is all new to him. We are supposed to close on the deal today and I'm not sure how or if we can lower the price. Any help that can give us would be great. We had also hoped for a black, navy or white, but it seems that Liq. Platinum is the only color left within a 7 state radius (according to the dealer) for NEW '07's.
Help!
I am currently shopping for a fx35.
Sound good?
sport
hands free
touring
tech
splash guards
chrome roof rack
cargo mat
2000 down
I was quoted 39mo for $660/mo. He also quoted '07 with same options 610/mo
I need a SUV/minivan for my family. Love the Infiniti QX product but again, much more than I want to spend per month.
Thanks,
Alex
You can determine approximately how much it will cost you to get out of your current lease by comparing your vehicle's purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
If you don't wait, you will probably end up paying much more than you should for your new vehicle.
Car_man
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Car_man
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It makes me sad that there is no more lease support on the FX, I was looking forward to leasing it, but now that the MF is high and the residual low, I am not so sure its in my budget. Why did these numbers change so drastically since last March? Does it make sense to wait until Infiniti provides another lease support ?
I read somewhere that people with high credit scores, above 700, can get as low as 0% APR. Would I qualify for a lower MF than what Infiniti is currently offering if my credit score is above 700? If yes, how would I know what I really qualify for if the dealer is trying to give me the higher MF?
How does the dealer cash work, and how should I go about negotiating the price, taking dealer cash into consideration? Should I get the dealer to drop the price down as close to invoice as possible, and then ask to drop it another $3,000 because of the dealer cash incentive? And then calculate the lease payments based off of that price? Or does the dealer cash incentive only apply if I purchase the car, not lease it?
Besides the FX, I was also looking at the Acura MDX and the bare bones Mercedes ML 350. Could you please post the MF's and the residuals for these SUV's as well, for both the '07 and '08? (here, or on their respective forums if you want to keep on topic).
Alex
Thanks,
Lianne
Thank you!
Packages:
Touring
Hands Free
Tech
Cargo mat
MSRP 45,165
Invoice 41,164
Cap Cost 40,114
Residual 51%
Money Factor .00263
15,000 miles a year
Term 39 Months
No Money Down
Base Monthly Payment 629
I think he may have missed the boat on the excellent MF from August, but I do know there is now $3000 cash available - but I think the lower money factor was still better.
In any event, can you give me the Residual and MF for an '07 FX35 AWD for both 24 and 36 months, with 12000 miles ???
Thanks so much !!!
I would like to know the money factor and percentage residual value for a 24 month lease of a 2007 or 2008 FX35 2WD?
and what would be for a 36 months lease?
thanks.