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Just picked up '08 with Touring, hands free, ipod, splash, a few oddities, list 42,800 for 10k miles, 36 mo.
568.00/month with 568.00 (first month payment) down. The MFs are high on these cars right now for some reason.
Car_Man can you advise what the money factor, residual, would be for 24 month lease 10, 12 and 15K miles per year please? I am in the RI/MA area. Thank you!
New Lease Program for 2008 FX???
I was wondering if anybody could confirm that Infiniti has released a new lease program for the remainder of the month? Car_man can you deny or confirm this and provide any further insight?
Packages:
Touring
Hands Free
Cargo mat
Splash guards
Black roof rail crossbars
MSRP 42,265
Invoice 39,234
Cap Cost 36,649
Residual 50%
Money Factor .00243
15,000 miles a year
Term 42 Months
No Money Down
Base Monthly Payment $578.00
I think it was a good deal (too late now haha). Hope this helps any others looking to lease. Also, I live in the DC metro area in case that affects the numbers.
24 months
68% Residual
.00084 MF
39 months
55% Residual
.00127 MF
These are all with 15k miles per year.
The 36 month was basically in the middle of those so I did not really pursue it and the AWD had a bit higher residual and MF, but not sure what those are.
I was also told that they are trying to have a "sales blitz" for the remainder of the month as sales had dropped off drastically for the FX so far for Sept.
Does anyone know of any better deals?
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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Infiniti is no longer providing lease support on the 2007 FX. As a result, if you were to lease one through IFS, you would have to use its standard lease program. I suspect that your payment will be lower if you go with the 2008 model.
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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Infiniti has not published any information on what its lease program for the new EX will be like when it is available. I suspect that Infiniti will not provide any lease support on it at first. If so, its buy rate lease money factor will be IFS' standard factor of .00285. It's tough to say what its residual values will be like.
Car_man
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The agreed to sale price is $38,175 plus the sales tax of $2,385 (here in Texas, by law, you are required to pay the sales tax on the full value of the sale price, unlike most other states where you pay the tax on the depreciation only) and acquisition fees of $790.
That brings the total capitalized cost to: $41,350
It is a no-money down 39 month lease with 12K per year.
Money factor is: .00127
Residual value is: 56%
Total monthly payment (including taxes) of $552.00
I ran the numbers and came up with $547.00
Do you think I can do any better than this? Perhaps get the sale price down a few hundred and/or increase the residual one percent?
Thanks for your great information.
Sincerely,
DirtyDogs
I'm looking for the FX35 awd with 18,000 miles for either a 24 or 36 month term. What's the residual and money factor for the 07 and 08?
Thanks again,
Thanks for all your help,
Details:
Initial Down Payment: $1995
Bank Fee: $795
Destination Fee: $700
Other Fees are taxes (base on NJ= 7%)
DMV- I think around $200, I live in NJ
39 Month Lease with $445/month at 10k miles per year
Another Option:
For 39 months with the (Touring, Hands Free, Technology package): $419/mo with $1995 down, and $479/mo with $0 down.
Sport Package: would be $26.46 more towards the monthly payment.
As of right now, I am currently driving an Acura TL Type S(2002) 4Dr Sedan with 48, 656 Mileage. Well Maintained with a 7 inch DVD/Navi System. I am also thinking of using it as a trade in, if the dealer give me a good offer.
Do you think I can do any better than this?
Sincerely,
JessieM
08 FX35 AWD Hands Free, Touring, Tech, Roof Rails, Cargo Area Protector, Splash Guards.
MSRP: 46,725
Invoice: 42,602
Initial Cap: 43,390
Acq Fee: 595
D/H: 489
Extra for Miles (additional miles over 15K, 6K @ .10): 600
24 month / 18K miles
Res: 69%
MF: .00101
So $611 + taxes (7.4%) = $656
Due at signing $656 (first month) + $17.20 (Filing Fee) = $675
Please let me know if that checks out, I ran the numbers and I'm within 5-10 dollars of that.
I think it's a good deal, any opinions.
FX35 2008 $49,400 msrp car (touring, tech, sport, ipod and some small things)
$1000k total first day (incl monthly payment)
$480/mo total
12k miles a year
24 months
Bub
Use this spreadsheet to assist w/ Lease calculations...
http://www.carbuyingtips.com/regm.xls
-Justin
I'm looking at a 2008 FX35 AWD with Touring, hands-free, and the ipod adapter. Every dealership is indicating there offer is at invoice which is great but I can't get any consistent answers on the residual and MF. I'm looking to do a 24 mo with 12K. One dealer quoted .00085/69 while another quoted .0014/67. Did they change for November? Why would the residual for AWD be 67 instead of 69 - this makes little sense.
Any feedback anyone has would be great!
Charles
we just signed a deal for 2008 Infiniti FX35 with touring package and hands free package. The lease is for 24 months, with 12,000 miles per year, we paid only registration fees upfront ($444, NJ). The monthly payment is $559. Is it a good deal?
Separate question: we were told that $2,500 cash to dealer cannot be used when IFS leases, but it CAN be used with the other leasing companies (Chase, Bank of America, etc). Do you know any numbers for MFs from Chase?
term: 36 month
MF: .001
Residual: 55%
MSRP: 44,875
Cap Cost: 43,000
15,000 miles: $584+tax
20,000 miles: $626+tax
This seemed kind of high to me... any input on current residuals and MF's?
about $1500 due at signing (supposedly includes 1st payment, but it is to my understanding that IFS is covering the 1st payment when re-leasing a new car. The dealer has to confirm this, but I got a marketing call from IFS advising me of this offer).
David
MSRP: $44875
Cap Cost: $41229
24 month, 15K Miles
MF=.00001 with Tier 1 credit
65% residual
2008 Fx35 RWD Tech pkg, Handsfree Pkg, Touring Pkg
I asked for it to be quoted with 5K add'l miles per year. Im told this is at $0.10 per mile instead of $0.20 after the lease end.
He quoted me $569.84 + tax with no cap cost reduction.
With my calculations, without the add'l miles, a standard 24 month, 15K lease should price out around $528.17 + tax.
I hope this answers your questions. I would appreciate anyone else's input to help verify these numbers, and the integrity of the deal!
Thanks!
what is the the mf and residual on the advertised 24 month special?
IFS' current 24 month, 15,000 mile per year buy rate lease money factor and residual value for a 24 month lease of a 2007 FX35 AWD with 15,000 miles per year are .00285 and 57%. The numbers for an otherwise identical 36 month lease are .00285 and 47%. As you can see, Infiniti is no longer providing lease support on the '07 FX. The bad news is that this means its money factor will be high and its residual value will be low. The good news is that it means you can use the $3,000 dealer cash that Infiniti is currently providing on it to negotiate an attractive capitalized cost for your lease.
15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your deal and have to pay an excess mileage penalty.
Car_man
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Car_man
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For now I can tell you that the dealer that you are working with is trying to mark up Infiniti Financial Services' $595 base acquisition fee by $200. Also, make sure that the dealer is using IFS' 39 month buy rate lease money factor of .00105 to calculate your vehicle's monthly payment. They may be trying to mark up your money factor as well.
Car_man
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Car_man
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Car_man
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Car_man
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For now I can tell you that the $2,500 dealer cash that Infiniti is currently providing on the '08 FX35 cannot be combined with its special lease program but it can be used on leases through independent banks. I do not personally keep tabs on the lease programs of banks other than IFS, but I suspect that you would be better off going through IFS than using the $2,500 and leasing through a different bank.
Car_man
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As far as this vehicle's price goes, the FX that you are interested in probably has a spread of around $3,900 between its full MSRP and its dealer invoice price. That probably puts the $1,875 discount that you were quoted at around $2,000 or so over invoice. If you are in an area that has a decent level of competition, I would not be surprised if you were able to beat that. Make sure to stop by the "Infiniti FX45 / FX35 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately.
Car_man
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I'm interested in leasing an FX35...I test drove it a few times at various dealers and have been offered quotes for the lease..The one I like and think the best of what I got offered is:
Black on Black
2008 FX35 RWD (Touring, Hands Free, Sport, Splash guards, Silver roof rails)
24 mo. Lease for 390.00 (incl taxes)
Driveoff with 3,500.00 down (incl. Down pay, 1st mo pay and all taxes, titles..)
and a residual of 27,900.00 after the lease...
Is this a good Deal..??
I live in Northern CA...If that helps...
Thank you