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Comments
I provided you with this truck's 15,000 mile per year residual values because that is the highest mileage allowance that it publishes residuals for. If you really need 20,000 miles per year, 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 pay an excess mileage penalty at lease-end.
I would be happy to work up a lease payment on the exact truck that you are interested in for you if you provide me with its MSRP and selling price.
Car_man
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The FX that you are interested in probably has a spread of around $3,500 between its full MSRP and its dealer invoice price, so the discount that you are shooting for looks good.
Using the above lease program, an MSRP of $45,900, and a selling price of $42,500, I estimate that this truck would have a zero down, pre-tax monthly payment of around $608.
Car_man
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Would you please provide current MF and RV% on a 2010 FX 2WD for 39-mo and12K miles? (My quote is .00206 and 52%.)
Backing into my price, it seems I'm getting 4K off MSRP (45K from $49K), 0 down, no taxes, with monthly pmts of $650. I really appreciate your feedback on this deal.
Thanks.
I was using numbers from Edmunds.com
As per dealers they are willing to sale car that I’m looking for 39,882 (msrp 46,860) plus fees
When I start talking about leasing it (36 months 12,000 miles) the price they were coming up in 620-680$ range. (Not including taxes)
I did my own calculation and with current residual and money factors it suppose to be in 520 range plus taxes
The explanation that I got back from Dealers was it’s due to manufactured incentives
Can someone confirm it
Thanks
I just spoke with another dealer
Response was : $4000 Cash Incentive is not applicable with the lease
I am planning on leasing a 2009 FX35 AWD. The lease would be for 39 months with 15000 miles. The dealer has quoted me the following:
Money Factor: 0.00038
Residual: 0.47
The negotiated sale price with lease loyalty cash is $2500 below invoice. Invoice on the vehicle is $46090. So, the monthly payment excluding tax/title is $560/month. Would you please confirm if these numbers look right? Thanks for your help.
then multiply the MSRP by 47%, add that to your sales price, then mulitply that by .00038. That will give you your finance price.
Add those 2 numbers and they will give you your payment.
2010 FX35 AWD All 4 pkgs.
39mo/ 15k tax incl.[6.75%].
699/mo. $1950 otd [bank,doc,dmv,first month pmt, tax on loyalty cash]
returning lease customer. [plus small waiver on mileage overages from past lease].
did you get $2,000 for lease loyalty & $500 towards wear and tear? and if so, does your Sale Price of $42,300 reflect that or was it in addition?
TALC
I ran your numbers and they were dead on... $611.80/month (taxes not included).
Nice Job!!!
- TALC
It seems like you paid invoice price at $42300 on that $46000 car. That's pretty good unless you have lease loyalty cash of $2000 factored into it.
I am looking for someone to team up with for the AMEX gift card. If any current owner is willing and has the promotional mail, please let me know at kasthurirangan@gmail.com.
I just received my "special invitation" for a LEASE on a 2010 FX35 RWD for $599/mo. + tax ($3,500 due at signing) postcard in the mail. YIKES. What a RIP.
***The MORE loaded model was $653/mo. + tax!!!!!!!!!!!!
Leasing has really taken a huge hit due to the doomed auto industry, banking messes and poor economy. Wow, how things changed in just 3 short years.
NO WAY would I ever pay $650/mo after giving up $3,500 to the dealer for a LEASE on ANY vehicle. That's just nuts. Craziness like that is why the country is in the recession/problems to begin with..........people try to buy/lease more than they can truly afford to impress the neighbors/friends. Stupid.
We liked driving the FX35 for the last 36 months or so, and we will miss it. Since it was a good lease deal ($465/mo) we took it. But $200/mo MORE with $2,500 MORE due at signing for a 2010?? No thanks.
What do you guys think?
MSRP??
Selling Price (Cap Cost)??
Money Factor (MF/interest rate)??
Residual Value??
What is your state sales tax??
What "fees" are included in the $1,500 down??
__________________________________________
NEVER, EVER try to negotiate "payments" in a LEASE DEAL. Just do as you would normally do when purchasing a vehicle.........work them DOWN from the sticker price. The payment will be what it will be.........that's to say it will be $650/mo or it won't be (it's based on what the dealer is "selling" you the vehicle for......then it is run thru the "lease calculator" = payment).
Cap cost: $46,400
Money factor: .00186
Residual: 53%
Residual value: $26,507.95
Monthly Payment: $689.93 including tax (6%)
What do you guys think of this deal???
You might want to consider looking at a "lesser" FX35 AWD model, since you are leasing......but again it is your call.
MF, Residual for FX35 AWD, 36mo/12k. with Nav + Perm package?
15k/39 mo
Paid $610 per month incl taxes.... + 1200 down/ includes 1st month payment.
At Ann Arbor......MI
Great place, great manager...
mine is 15k per year, with 1200 at signing....includes taxes!
Website: 559 + 6% tax= 592
3999-1200=2799/39=71
Total= 663 per month...for 10 k miles.....so I thought mine was a good deal!
Car_man
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Infiniti Financial Services' new January buy rate lease money factor and residual value for a 39-month lease of a 2010 FX35 2WD with 12,000 miles per year are .00137 and 51%, respectively.
As long as the dealer that you're working with isn't taking the owner loyalty cash that is available on the FX into account to arrive at the $4,000 discount that you were quoted, I'd say that is an excellent deal. It's probably equivalent to pretty close to dealer invoice.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I managed to lease a 2009 FX at the [non-permissible content removed] end of the year!
This was the deal: 2009 FX AWD with Premium, Navi + other options
MSRP: 50270
Invoice: 46090
Selling Price: 43065 (2000 lease loyalty cash)
Cap Cost: 43870.26 (incl. acquisition fee, doc fee)
Residual: 23376.40 (46.5%)
Money Factor: 0.00038
Sales Tax: 7%
Monthly payment: 589.60 (incl. tax)
Down payment: 980.00 = 589.60 (first payment) + Registration/ Tax on Lease Loyalty
The car was a demo and had 2500 miles on it. They had to reduce the residual from 47% to 46.5% for the 2500 miles but they deducted the equivalent amount from the sale price.
Does this look ok for a demo vehicle? I hope I did not overpay...
I wanted to lease a 2009 FX to buy at lease end because of the low residual + money factor gives me low monthly payments throughout. I hope that I am on the right track. Please let me know.
And what about the $2000 loyalty cash i read about in previous posts? Is it still valid now in Jan 10?
I found a leasing deal for a 2010 FX35 very close to invoice price but i am wondering if I could reduce the price more.
Thanks in advance.
Car_man
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The $2,000 owner loyalty cash, however, is available on leases.
Car_man
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CarMan, do you think I can do a similar lease on a lesser FX (MSRP approx. $46K)? I need 20K mi/year, but I'm trying to stay around $550/month. That's my current 08 G35 lease payment..which I thought was a great negotiation on a $38K+ MSRP vehicle. My thought is that if I can get the cap cost about the same, I should be ok. Am I wrong in my thinking?
My cap cost was $43800 (incl back fee & dealer doc fee). Since the 2010s have a higher money factor, you might have to go down another $2000 to get to $550, given that you will have a higher residual to help you out. But 20000 miles might be a bit difficult to get with it.
MSRP: 51205
Sale Price: 46,357
Acquisition: 595
DMV: 648
Tire fee: 8.75
Cap reduction: 432.55
Loyalty cash: 2000
Cap cost: 46,952.00
Adjusted CC: 44,519
Residual: 26,114.55 (51%)
10k/yr for 39 months, $2000 drive off (in addition to loyalty)
Monthly payment comes to $624.14 (568.69 +tax)
I don't see money factor listed on lease quote. It seems like a decent deal but it's also the first quote I got. Thoughts?
2010 FX35 with premium and nav
39 months/12K miles
MSRP: 50,210
Cap Cost: 46430 (perhaps a bit lower to get to final price)
MF: .00138
Residual: 52% ($26109.20)
sign & drive: $2000 (what I'd pay up front, including first month).
monthly: $660 all in (taxes, etc.)
I don't have any loyalty rebates, etc. so no cost reductions.
How'd I do?
One dealer mentioned refundable deposits to reduce the MF. Anybody know if this is a good idea?