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Infiniti EX35 EX37 Lease Questions

kyfdxkyfdx Posts: 29,140
Ask your EX35 lease questions here!

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Prices Paid, Lease Questions, SUVs

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  • okay
    here i go. i am in the ny tri-state area and looking to lease the EX35. premium,tech,navi----
    1. any lease incentives
    2. is money factor? /interest?
    3. what is typical in this area?
  • waltazwaltaz Posts: 123
    Infiniti Financial Services Lease Programs – April 2008

    Listed below are the current manufacturer (captive) lease programs.

    Special bank lease programs for these models are available through independent leasing source LeaseCompare.com. Click on the vehicle name for more information and to see payments details.

    2008 Infiniti EX35 2WD – 4/6/08
    24 Month – Residual 67% of MSRP – .00025 Base Rate
    36 Month – Residual 56% of MSRP – .00064 Base Rate
    48 Month – Residual 46% of MSRP – .00156 Base Rate
    60 Month – Residual 34% of MSRP – .00194 Base Rate

    2008 Infiniti EX35 Journey 2WD – 4/6/08
    24 Month – Residual 63% of MSRP – .00025 Base Rate
    36 Month – Residual 52% of MSRP – .00064 Base Rate
    48 Month – Residual 43% of MSRP – .00156 Base Rate
    60 Month – Residual 32% of MSRP – .00194 Base Rate

    2008 Infiniti EX35 AWD – 4/6/08
    24 Month – Residual 69% of MSRP – .00049 Base Rate
    36 Month – Residual 57% of MSRP – .00101 Base Rate
    48 Month – Residual 47% of MSRP – .00171 Base Rate
    60 Month – Residual 35% of MSRP – .00194 Base Rate

    2008 Infiniti EX35 Journey AWD – 4/6/08
    24 Month – Residual 64% of MSRP – .00049 Base Rate
    36 Month – Residual 54% of MSRP – .00101 Base Rate
    48 Month – Residual 44% of MSRP – .00171 Base Rate
    60 Month – Residual 33% of MSRP – .00194 Base Rate

    Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

    Use the following formula to calculate a lease payment:

    (Cap Cost – Residual Value) / Term = Depreciation
    (Cap Cost + Residual Value) X Money Factor = Interest
    Depreciation + Interest = Base Monthly Payment

    NOTE: These lease programs are provided by dealer partners of LeaseCompare.com and are for reference only. Rates may vary by region. Your dealer has the option of offering you a higher rate. To make sure you are getting the best lease, compare these rates through an independent leasing source such as LeaseCompare.com.
  • waltazwaltaz Posts: 123
    I leased an EX35 RWD Journey for 24 months in March due to that great money factor. I thought they had raised it, but it looks like it's back. It's a great deal, so if you needed a nudge to get into an EX35, there you go...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi puppyhead. Infiniti is providing lease support on the EX right now. Its lease program varies by term and mileage allowance. You never mentioned what either of these variables are in your post, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti EX35 AWD with 15,000 miles per year are .00101 and 57%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jreiljreil Posts: 1
    I just got an EX35 AWD Journey lease offer:
    Premium Package
    Navigation
    Wood interior
    Roofrack, cargo protector, etc.
    10K miles/year
    for $388.78 a month for 24 months with $4057.51 TOTAL out of pocket--that INCLUDES about 2k downpayment. Is this any good? The salesguy i'm talking to says its incredible, of course...

    thanks in advance!
  • ant3ant3 Posts: 1
    Here is my deal in S.Fla., on Journey,rwd, premium pkg, nav pkg, cargo protection,splash guards. 24mo 12m miles TT&L plus first mo, total $ out of pocket $800.
    $41575 MSRP. Edmund invoice $38016
    paid $37103.25 Residual value 25310.25 Money factor.0001
    payment $492 plus FL 6% tax= $521

    Money factor is not misprint. Interest was $15 total for 24mo. (62 cents a month).
    It seems to me that one should put down as little as possible and finance as much as possible at that interest rate.
  • djdezdjdez Posts: 75
    Does anyone have all the numbers for May on the EX ... I'm now looking into this vehicle and may try to do something by the end of the month, but can't find rates for May anywhere!

    Thanks in advance ...
  • gforce11gforce11 Posts: 225
    Whats the Sale price, MSRP, MF and the Residual? Any bogus fees?
    Spending 4k at drive-off isn't exactly what most veteran lesses call a "good deal" or "incredible" according to the sales guy.
    When you play the monthly payment game with sales people, you lose.
    Use the following lease formula to calculate your lease.
    Generally, I recommend people to pay the 1st mo payment, acq/bank fee, doc fee, dmv and tire tax up front. Should be around $1300-$1400 due at signing. Then negotiate the sale price down as much as you can...invoice or less ideally.
    You can use an Excel Lease Calculator I made to figure out what your payments should be.
  • jakefl7jakefl7 Posts: 14
    what dealership did you go to?
    does anyone have the residuals and money factors for May?
  • burner66burner66 Posts: 1
    This is the offer i got from a dealer
    EX 35 with premium and Navi
    MSRP: $41,500
    Cap Cost: $36,800
    Residual: 54%
    39 month Lease
    $1600 out of pocket - includes fees and first month
    Monthly: $450 with tax (NJ)
    I think the money factor is 0.00076
  • wongtommwongtomm Posts: 2
    This is the offer I get from the dealer in LA:

    EX35 Journey 2WD
    39 month lease
    $600 drive out
    $400/month + tax

    It sounds attractive when I was at the dealership but is it?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi wongtomm. In my opinion, the best way to get a good deal on a leased vehicle is to negotiate the selling price of the truck that you want first, and then have the dealer calculate your monthly payment using its buy rate lease money factor. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without knowing that this EX's selling price is, you don't know how much of a discount you are being given on it. Find out what this number is. If it's not close to dealer invoice, do some additional negotiating with this dealer, or shop around with a few others.

    Once you have arrived at a selling price that you are happy with, have the dealer that quoted you it calculate your EX's monthly payment using its buy rate lease money factor. Infiniti Financial Services' current buy rate for a 39 month lease of an '08 EX35 2WD (non-Journey) is .00056.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kjkiikjkii Posts: 5
    I agree with finalizing the real purchase price and basing lease numbers from that price. I just picked up the following-
    EX35 Journey AWD
    Nav
    Premium
    Lux
    Roof rack and cross bars
    Sticker price $44k
    24 month lease is $395
    Cap reduction pymt upfront was $1,500.
    Total upfront including cap reduction and all taxes (NY), DMV, etc was $3,500.
  • dilbert2dilbert2 Posts: 3
    kjkii-
    Looks like you got a great deal. What was the sale price to get that low a payment. I looked at an EX over the weekend, but I'm not putting the $5k down to have low payments. I'd appreciate it, as well as probably a lot of others, if you can divulge some more info.
    Thanks
  • ksp205ksp205 Posts: 2
    with the lease rates so low, i think it's worth it to roll the upfront fees in to the lease term. there's really no point in paying $2k/$3k upfront when you can just roll it into the lease at a rate of 1.8%.

    here's the deal that we got at the end of last month:

    AWD Journey
    Premium
    Tech
    Navi
    Luxe Style
    Wood
    Roof Rails & Cross Rails
    Splash
    Cargo Protector

    msrp - $46,275
    negotiated price - $41,095 (about $1k below invoice)
    fees (acquisition, doc, registration) - approx $1k

    39 month lease / 12k miles
    53% residual
    .00076 money factor
    $490/mo (including sales tax)
    no money upfront (except first month rent)

    i had a lease trade-in that basically offset the fees (i had some equity in it)
  • kroe10kroe10 Posts: 2
    First time poster here on the forum. Here's the lease I just signed

    AWD Journey, Premium, NAV, Roof Rails and Crossbars, Cargo Protector, Splash Guards
    39 mo/15k
    redisual = 52%
    money factor = .00082
    MSRP - 42,025
    Sale Price - 35,685 (about 3k below invoice)
    Tax = 1150
    Fees = 1000
    $2500 out of pocket includes 1st month lease
    $395 / month

    I thought it was a great deal, but seeing what everyone else on the board is getting, I guess it's pretty standard.
  • catomcoolcatomcool Posts: 1
    Where you got this deal??
    I have a quote for AWD Journey, Premium, NAV, Roof Rails and Crossbars, Cargo Protector, Splash Guards
    39/12
    MSRP $41,775
    Sale $37,688
    MF .00076
    RV 57%
    Minimum drive off on this vehicle is $800 (First Payment, and license)
    What is the monthly payment and is it a good deal??
  • cnygatorcnygator Posts: 4
    I am getting out of my Acura MDX lease a couple months early. I have been looking at these mid-sized SUV's and I really liked the EX. The dealer just gave me this offer and I'd like to know if this is a good offer or should I expect them to do better.
    EX35 Journey AWD
    PREMIUM
    NAVIGATION
    ROOF RACK w/ Crossbars
    SPLASH GUARDS
    WOOD TRIM

    24 Mo @ 18K mile per yr
    Capitalized Cost: 39,754.11
    Cap Reduction: 479.93
    Net Cap: 39,274.18
    Residual: 62.61% = 26,968.00
    Total Depreciation: 12,306.18

    Depreciation: 512.76
    Rent: 105.33
    Monthly Payment = 618.09

    Cash due on delvery = 3,193.24

    Same vehicle with 36 mo @ 18K miles per yr

    Residual: 50.91% = 21,929.75
    Total Depreciation: 17,824.36

    Depreciation: 495.12
    Rent: 103.63
    Monthly Payment = 598.75

    Same cash due on delivery
  • ksp205ksp205 Posts: 2
    in my view, the dealer is about $2-$3k too high on your negotiated lease price. based on what other people are getting for similarly equipped cars, your base cap should be no higher than $37k. assuming your MF is within the range of what other folks have gotten (.00056 for 24mos/.00076 for 39mos), then knocking off that extra $2k-$3k should get you under $500/mo.
  • cnygatorcnygator Posts: 4
    Thanks for the feedback. I'll have to go back and suggest that he need to do a little better. He told me that he is making a "ham sandwich" on the deal. The other thing is that this car is on their lot. It has Options I don't really want. I don't need the Wood trim and I think the splash guards are pretty well overpriiced for 4 small pieces of plastic! I'd rather have the Luxe pakage simply for the Xenon headlights. I was told that this is not a common option found...these lights are part of a more expensive (ie more commonly found) package. I also told him I needed to tow (less that 3500 lbs). But I saw nothing on the quote that lists anything about towing.

    I'll assume that the salesman does not really want to locate a vehicle that matches what I want. Probably has to do with hold back etc. But I really don;t want to be paying for options I don't care for...

    Does anyone know how thes cars are selling and if there are likely to be any programs in July? I had to stop by the Acura dealer to talk about my MDX. They wanted to me to lease another--got amazingly aggressive. Most of the dealers I have talked to (BMW, Toyota, Honda, Lexus)have confided that the SUV sales have dropped down to almost nothing. That is why I am wondering how the EX sales are doing....
  • reggeregge Posts: 4
    Hi everyone,
    I am considering a lease for the EX 35. I have read some of the deals that a few of you have received. My question: Why would a dealer sell a car for $2,000 - $3,000 under invoice?
  • jagoojagoo Posts: 16
    Here is a list of infiniti's captive lease rates for 2008 EX 35

    2008 Infiniti EX35 2WD – 6/6/08
    24 Month – Residual 67% of MSRP – .00001 Base Rate
    36 Month – Residual 56% of MSRP – .00049 Base Rate
    48 Month – Residual 46% of MSRP – .00140 Base Rate
    60 Month – Residual 36% of MSRP – .00189 Base Rate

    2008 Infiniti EX35 Journey 2WD – 6/6/08
    24 Month – Residual 62% of MSRP – .00001 Base Rate
    36 Month – Residual 52% of MSRP – .00049 Base Rate
    48 Month – Residual 43% of MSRP – .00140 Base Rate
    60 Month – Residual 33% of MSRP – .00189 Base Rate

    2008 Infiniti EX35 AWD – 6/6/08
    24 Month – Residual 68% of MSRP – .00034 Base Rate
    36 Month – Residual 57% of MSRP – .00068 Base Rate
    48 Month – Residual 47% of MSRP – .00156 Base Rate
    60 Month – Residual 37% of MSRP – .00190 Base Rate

    2008 Infiniti EX35 Journey AWD – 6/6/08
    24 Month – Residual 64% of MSRP – .00034 Base Rate
    36 Month – Residual 53% of MSRP – .00068 Base Rate
    48 Month – Residual 44% of MSRP – .00156 Base Rate
    60 Month – Residual 34% of MSRP – .00190 Base Rate

    2008 Infiniti FX35 2WD – 6/6/08
    24 Month – Residual 64% of MSRP – .00065 Base Rate
    36 Month – Residual 53% of MSRP – .00071 Base Rate
    48 Month – Residual 45% of MSRP – .00098 Base Rate
    60 Month – Residual 38% of MSRP – .00194 Base Rate

    2008 Infiniti FX35 AWD – 6/6/08
    24 Month – Residual 65% of MSRP – .00095 Base Rate
    36 Month – Residual 54% of MSRP – .00094 Base Rate
    48 Month – Residual 45% of MSRP – .00105 Base Rate
    60 Month – Residual 39% of MSRP – .00194 Base Rate

    Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

    Compare Lease Payments for Used Infiniti Models HERE

    Use the following formula to calculate a lease payment:

    (Cap Cost – Residual Value) / Term = Depreciation
    (Cap Cost + Residual Value) X Money Factor = Interest
    Depreciation + Interest = Base Monthly Payment
  • jagoojagoo Posts: 16
    Regge, there is currently $1500 manufacturer cash back on the EX, and it is applicable for leases too.
  • lolo143lolo143 Posts: 4
    Is the AWD a better ride than the RWD?

    And...
    Is this a good deal???
    INFINITI EX RWD
    Prem
    Nav
    Tech
    $43,305 msrp
    24 month lease
    $3,500 down (includes first month payment)
    $420 a month (tax included)

    I've never leased a car before and I'd love some help. Thanks!
    ;)
  • bobbyzeebobbyzee Posts: 2
    What vehicle did you turn in with this lease....what vehicle did you have that had equity in it? Also, what dealership did you get this deal at?
    Thanks so much
  • lolo143lolo143 Posts: 4
    I live in Los Angeles. The dealer that offered me this deal was in Cerritos. I ended up buying almost the same car (a little cheaper..minus the tech pkg) at Infiniti of Thousand Oaks. I didn't trade in my car (going to take it to Car Max). Good luck!

    p.s. I love love love this car! It's amazing. I'm so happy with it! :)
  • cnygatorcnygator Posts: 4
    This seems to be a better deal than I was offered. When I asked the salesman to see if he can do better he said that they "..could not sell the EX at no profit". So I am trying to determine what a EX Journey AWD with NAV, Premium and Luxe packages true price really is. I have read some posts that say Edmund's prices are old and are not correct....
  • jakefl7jakefl7 Posts: 14
    What is your source for the $1500 manufacturer cash back on the EX? I called Infiniti and they had no info on it.
    Does anyone know if there is any loyalty rebates if I am currently leasing a Nissan with NMAC am I eligible for Infiniti Loyalty?
  • kjkiikjkii Posts: 5
    My total upfront out of pocket was only $3.5k (including the $1.5 cap reduction). Sales tax, DMV, first month basically ran $2k.
    I actually had two dealers pass on the deal and found one to accept it.
    I've put 1k miles on it and love it-
  • kjkiikjkii Posts: 5
    i hear what you are saying on the upfront, but if you exclude my first month pymt (included in my $3.5k number), I didn't put that much up. They used a 71% residual on the 24 month lease- the pymt actually went up under the 39 month program! I look at the $1.5k cap reduction over 24 months at $62.50. That puts my monthly nut below $460 for only 2 years.
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