By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our
Privacy Statement, and you agree that your use of the website is subject to our
Visitor Agreement.
Comments
This cap cost is $400 below invoice. Do you think they're giving me the best possible deal?
The most important thing is to see if you are completely released from liability is you let someone assume the lease. I've done Leasetrade with a Wells Fargo lease and it was a huge pain. I had Wells send me the application and I would forward it to the potential borrowers so I could control how/when everything happened. Most people never filled out the application or sent it back. The people that did send them back often had very bad credit or they would have leased directly from a dealer! If I had it to do all over again, I would have just paid out the lease on our car and been done with it. Your mileage may vary but that was my experience.
If the bank does not release you from liability DO NOT let someone assume the lease. If they stop paying you either have to make the payments yourself or your credit will be destroyed as if you still own the lease (which you actually still do!).
Hope that helps. My feeling is to tough it out through lease end or see if you can do a trade.
Out of curiousity - what are the things about the car that you don't like? We're still considering and haven't really gotten much negative feedback other than size & mileage so I'm curious about your experience.
Good luck!
Jay
Can I ask what type of monthly payment you were quoted? That looks like a very nice EX. Thanks for your help.
Sal
After researching the lease deals of nearly every so called luxury car dealer, and dealers of ordinary cars like Hondas and Jeeps, I have come to the conclusion that "luxury" dealers set the lease price based solely on "what they can get" or what the perception of the car is and how strong their sales are, and the more confident they feel in their ease of sales, the higher the lease price. In other words it has little to do with MSRP vrs invoice or lease factor or residual. Infiniti sells all their cars easily, it is a super popular highly successful brand and they charge a premium for their leases. BMW and Land Rover and Lexus and Audi are exactly the same; they all have terrible lease deals.
Ironically, other average brands like Jeep, also have terrible lease deals and try to suck you in by offering an extremely low purchase prices coupled with an extremely high lease price. They justify this discrepancy by blaming it on the bank and the economic crisis. Hogwash, except for GM, they are all selling tons of cars and leases are at an all time high. Whether they are all in a cash rich position, or are benefiting from the bank bailouts, I don't know. I just continue to be amazed at the asking prices and the lease prices and the money people will borrow to get these cars. Why am I looking, good question, I guess I'm hanging around waiting for the prices to come down.
Sal
What is a good price for a lease this month? The one I like the best that my dealer can get is an EX35 AWD Journey w/ Premium Package, Roof Rails (and crossbars, I think), Cargo Protector, and Splash Guards. I only 10K mi per year and was told that the 39 mo lease was best (I don't care between 36 and 39 mo).
Much appreciated!
Is the $5,000 cash to dealer available when you lease as well?
2008 Infiniti EX35 2WD – 3/7/08
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 – .00214 Base Rate
2008 Infiniti EX35 Journey 2WD – 3/7/08
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 – .00214 Base Rate
2008 Infiniti EX35 AWD – 3/7/08
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 – .00213 Base Rate
2008 Infiniti EX35 Journey AWD – 3/7/08
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 – .00213 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
Infiniti is currently providing $5,000 dealer cash on the EX, but unfortunately that cash is not compatible with its special lease program. It does however have a $500 cash incentive that is available on leases.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Why are the rates you are quoting for March different than the ones I received (and posted) from a few other sites?
What rate do you see for a EX35 Journey for 24 months / 15,000 miles and 36 months /15,000 miles?
Thanks!
Please post March 09's rates please....
MSRP = $40,525
Purchase Price = $37,528
Money Factor = .00036
Term = 39
Residual = 52%
Monthly lease payment = $469
Acquisition fees (595) and doc fees (180) are due at signing.
Much appreciated
How many miles per year was that lease quote for? 12K or 15K? Thanks!
Sal
This is the wrong information! Infinity of Coconut Creek just told me it was 49% for 36/15,000 lease of an EX35 for March. I talked to the sales manager himself.
Car_man where are you getting these numbers? My wife is now very upset since we can't afford the car with the new numbers.......
Your MF was also off.
Let me know if you are serious about the lease swap. My lease ends 3/26 and I will probably try to close a new deal next week if I don't hear back from you.
Thanks!
Sal
MSRP = $40,525
Purchase Price = $37,528
Money Factor = .00036
Term = 39
Miles = 10,000
Residual = 52%
Monthly lease payment = $469
Acquisition fees (595) and doc fees (180) are due at signing.
Much appreciated
Does the EX35 also have loyalty program which one can apply to the lease? If so, how much is it?
I just wanted to let you know that I leased a car and can't help you on getting out of your lease. Also, Swapalease.com sells a peace of mind protection/insurance plan to the vehicle seller, so that you are not held liable if the
buyer defaults or damages the car. I am not sure how much it costs, but here is a link. Good luck with whatever you do!
http://www.swapalease.com/leaseDefault/intro.asp
Sal
Infiniti is scheduled to announce its new April programs later on today. Please feel free to check back with me for an update on what the new program is like if you're still interested.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Please let me know if the money factor/residual has changed at all
for April. Looking for a 39 month lease 12K miles a year.
Rob
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I currently lease an FX. When I return it, can i apply 2000 loyalty cash towards the lease of an EX35?
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I tried to check out the insurance on Swap a lease but couldn't get a rate.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I looked into the pay-off figure - which was over $40K (that did include sales tax). I figured I could pay it off and either sell it privately or use as a trade in but at $40K there is no way I would be able to do either and come even close to breaking even. I think I am resigning myself to living with this car....ugh!
Thanks for the info... Do you know what the MF and residual is for the special lease deal advertised on Infiniti's website for $399/month? It looks like a 10K miles lease for 39 months. Just wondering if that's different. We live near Seattle. If it is different and has better terms, can it still be apllied to a vehicle with slightly different options than the advertised offer? (Premium w/ roof rails).
Thanks again!
Just a follow-up to my last post... went into the dealer today. They quoted a MF of .00161 and a low residual of 50%. I'm inquiring about a 39-month 10K lease. Seems like I'm being taken? I know they can earn profit on the MF but can they also adjust the residual?...
Coincidentally, I'm also looking at a Murano, and they told me a MF of .00159. Not sure if Nissan and Infiniti financial are linked, but they're both really close.
Thanks for any additional info...
Remember you bought a first year model of a car, which is rarely a good idea (just as it wasn't a very good idea for Infiniti to make the EX)
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
For me, I do have some dislikes but many likes as well. Some of it is just me getting used to a new car (very different than my last) and a sort of unusual out of the box type shape. I do think some of the issues I have will be resolved for the 2010 (and some the European model has, like darn hooks and a pet barrier; what Infiniti you don't think Americans cart around their dogs in cars???) but my last car bit the dust and I couldn't wait. Otherwise I would have just to be prudent. Overall I'm happy. Some cons really are huge pros at the same time. I think I just need to get used to my new daily driver.
Since I read earlier that this happened to someone else, (residual differing from what is found on this forum), it makes me wonder if a residual can be manipulated somehow to a dealers benefit, perhaps in certain states where the car lease lending laws are more relaxed? Or, maybe it varies by region. It would be interesting to find out... Where's Car_Man?
There are many, many factors that may affect residual values. The usual factors are time and mileage, but often residuals are lower for heavily optioned vehicles. So one person may get an EX35 with few options for 36 months/10K miles for a pretty high residual % and another may get a fully optioned EX35 for 39 months/15K miles for as much as a 10% lower residual percentage. And I'm pretty sure that while the financing company "recommends" residuals to their dealers, the dealers have some flexibility to reduce the percentage, thus increasing your monthly payment. Of course if they go too far, they could lose the deal by making your payment too high and you may also benefit at the end of a lease if the market value is greater than your buyout cost - you could recoup some of the extra monthly costs by selling the car at lease end. By reading forums like this you are informed as to what others are experiencing and you can use this during your negotiations.
The dealer can markup the money factor.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
I used this form 26 months ago to work a good deal on my current FX35.
Here is waht the dealer is offering me in Columbus OH
2008 EX35 Journey AWD Platinum and Tan interior
Luxe pkg
Nav pkg
Car was dealer demo has 4500 miles on it
39 month 10K year
MSRP $43,875
Cap cost $37,157.75
Residual $21,000
MF = .00036
Payment = $480.00 month First payment and tags due at signing.
they also are paying my final payment on my FX of $475.00
Thoughts suggestions
I may have found the issue with residuals. I went back to the dealer and they showed me the April bulletin. The higher residual does not apply to the Journey. The residual for the AWD Journey at 39 and 42 months is 50%. I ended up going with the deal. The .00036 MF is correct, I decided to go 42 months and it was slightly higher , like .00052
I can't remember all the specifics b/c it was last week but I got the AWD Journey with Premium and Roof for a cap cost of just over dealer cost. Unfortunately I had $1,600 in negative equity but that did translate to a sales tax credit for 33 months.
With bank fee, licensing and 1st payment drove off for $800 and payments at $499.
Thanks for the help, great forum.
The quote is calculated using the unpaid balance of lease payments + residual value less the wholesale value of the car.
From Infiniti's website:
"I can no longer afford this vehicle/I no longer need or want this vehicle; can I get out of this lease early?
You have an early termination option in your lease agreement. You may contact our Customer Service Department at 1-800-627-4437 to advise you if your account is eligible for early termination.
*** Note: California accounts are administered differently. ***
How do I qualify for an early termination quote?
In most states you must have made 12 payments in order to be eligible to do an early termination.
Your account must be current.
Your lease agreement requires you to provide a 30-day prior written notification requesting an early termination quote. Please contact our Customer Service Department at 1-800-627-4437.
How is an early termination/quote calculated?
An early termination fee is the difference, if any, between the unpaid adjusted capitalized cost and the fair market wholesale value of the vehicle. This basically represents the present value of monthly payments not yet due on your lease and the purchase option price less the wholesale value of the vehicle."
This is no different then any other way to get out of your lease. How much do I owe on the car if I were to buy it? How much is it worth? The difference it what I need to pay.
2005 G35 Sedan2007 G35 Sedan
2008 G37 Sedan
2010 G37 Coupe
2012 G37 Sedan
2014 Q50 RWD
2017 Q60 3.0t RWD
2018 QX60 RWD
It is also providing $5,000 dealer cash on this model right now, but the dealer cash is not compatible with its special lease program.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Here is waht the dealer is offering me in Columbus OH
2008 EX35 Journey AWD Platinum and Tan interior
Luxe pkg
Nav pkg
Car was dealer demo has 4500 miles on it
39 month 10K year
MSRP $43,875
Cap cost $37,157.75
Residual $21,000
MF = .00036
Payment = $480.00 month First payment and tags due at signing.
they also are paying my final payment on my FX of $475.00