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Comments
2010 FX35 AWD with Navigation, Premium, roof rail crossbars, splash guards, cargo area protector and organizer and first aid kit. Color is Midnight Mocha. I did have $2,000 loyalty cash applied.
MSRP
$50,240.00
Cap Cost.
$43,472.46 (actually $42,579.46 + $298 doc fee + $595 acq. fee rolled in)
Residual
$26,124.00 (52%)
Term
39 months
Money Factor
.00138
Miles
12,000
Total payment: $540.88 (pre-tax) and $574.68 (including tax).
Total payment with 9 security deposits: $508.13
Total payment with $4,766.03 down and 9 security deposits: $375.85.
Total cash to table:
$4,766.03 down payment
$ 297.88 tax on down payment
$4,500.00 (9) security deposits
$ 100.00 DMV registration fee
$ 375.86 first monthly payment
$10,039.77
Cash to table would be $475.86 with no money down and no security deposits.
Cash to table would be $4,975.86 with no money down, but paying 9 security deposits.
To answer you question about the security deposits. We've done it two leases in a row. We highly recommend it. Each additional security deposit pays down they money factor by 0.0001 and is entirely refundable at lease end assuming you don't have excess damage to the car. We opted to put down the maximum 9 additional security deposits (actually 10 total, 1 acts a as a "base") to pay down the money factor to 0.00048. Our resulting interest rate was very low at 1.152%.
Hope that helps.
Thanks!
Im looking to lease a fx35 and saw the website ad, is this a good deal, any info would be helpful sorry for pasting the whole ad. thankyou for your knowledge on leasing cars.
Kevin
$3,999 INITIAL PAYMENT REQUIRED AT CONSUMMATION. (INCLUDES $3,440 CONSUMER DOWN PAYMENT, $559 FIRST MONTH PAYMENT). 2010 FX35 AWD w/Premium & Navigation Packages subject to availability to well qualified customers who lease through Nissan-Infiniti LT. Subject to Credit Approval. MSRP $49,515 incl. destination charge. Net capitalized cost of $44,245 includes a $595 non-refundable acquisition fee. Retailer contribution may affect actual price set by Retailer. Monthly payments total $21,801.00. At lease end, purchase for $26,242.95, plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.20 per mile for mileage over 10,000 miles per year. Lessee is responsible for maintenance and repairs. Disposition Fee due at termination of lease. See participating Retailer for details. Offer ends 03/01/2010. Supplies of vehicle may be limited in some regional areas. Retailer inventory varies.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2010 FX35 AWD with 15,000 miles per year are .00138 and 51%, respectively.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Like most manufacturers' official advertised lease payments, I suspect that Infiniti's official ad for the FX35 leaves a little meat on the bone so to speak. Savvy consumers who are in an area that has a decent level of competition are usually able to negotiate a lower selling price on the vehicle that they want than the one that was used to calculate the advertised payment.
Shop around for the lowest possible selling price on the FX that you want and then have the dealer that you choose to go with calculate your truck's payment using its buy rate lease money factor.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I can't seem to find the answer to this anywhere in this thread:
What is the residual % on a 39 month 10k / year lease?
Your help is greatly appreciated!
ajmackx
Options:
Deluxe Touring package
Premium package
Nav package
Details:
MSRP $52,420.00
Sale Price $48,420.00
Rate .0018
Residual 52%
Allowed Miles per year 12K
Acqusition fee $595.00
Doc Fee $99.00
state taxes $1,452.60
Adjusted residual $27,258.40
No money down
monthly payment $698.94
I'll be returning an existing Infiniti lease so I'm hoping that I can apply an additional $2k loyalty cash to reduce the cap cost even more.
Thoughts?
I just leased the basically the same car, except in florida he told me there was no AWD, basically 1000 less msrp. But i also had loyalty cash, and i think i got a decent deal. I based my target payment based on info from this board as to what people were paying so i didnt concentrate so much on the exact numbers but more on the money down and monthy payment numbers. I also dealt previously with the same salesman in Tampa. Here is the deal i got:
2010 FX35 RWD w/ prem, nav, deluxe touring
Black/Wheat
Total out of pocket $1000 (which includes first months payment)
39 months/ 10K miles
629/ month tax included
So basically 371 down to cover any of their "fees"
Also got them to tint the front two windows at no charge
All in all, i think i did OK.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I have a lease deal on the table for a 2010 Infiniti EX35 AWD with AVM-Navi, Premium and Technology Package. No 18" wheels though. I've just been emailing back and forth with the guy, but here's what I know...
MSRP $45,075.00
Sale price $765 over invoice (whatever that is)
.00138 MF
54% Residual
39 month lease
12K miles per year
$1,500 drive off check
$550 a month which includes 7% tax
Is there some sort of incentive on the AWD models that I haven't read about? The quotes I've been getting all seem better than the RWD models. This particular lease sounds too good to be true.
The selling price that you were quoted, $765 over invoice, seems reasonable as well.
If you like the EX, I personally don't see any reason not to go for this deal. Just make sure that the selling price that the dealer uses to calculate your monthly payment really is $765 over invoice.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Discount off MSRP (have an 07 now to turn in)
Money Factor Rate
Residual Percentage
Thanks in advance!
No money down, no trade in. Frist Payment only.
36 months, 15,000/ year, $689/ mo. plus sales tax, Residual $27,113. or
39 months, 15,000/year, $679/mo. plus sales tax, redisual $26,109.
Is this a fair deal?
Thank you,
Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 FX50 with 15,000 miles per year are .00104 and 49%, respectively for consumers who qualify for its top two credit tiers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Is this a nationwide deal, or just in Calif.?
Also, for 10K/y 36 mo., I assume, the MF is the same, but what would be the residual? are there any incentives for this model?
Dennis
You are correct, the FS's money factors are the same, regardless of the mileage allowance that you choose. IFS' 10,000 mile per year residual values are 2% higher than its 15,000 mile per year resids and 1% higher than its 12k resids.
The only cash incentive that is available on leases of this truck is $1,000 loyalty cash.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Dealers are not allowed to alter vehicles' residual values and the buy rate is the lowest money factor that they can charge. Dealers are sometimes allowed to mark up vehicles' money factors to add additional, hidden back-end profit to deals.
Yes, if you are a current Infiniti lessee then you are eligible for a $1,000 loyalty cash incentive on the lease of a new FX. Make sure that the dealer subtracts this offer from whatever selling price you negotiate.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just want to verify the May lease rates for an FX35 AWD 39 months, 10,000 miles per year, buy rate lease money factor and residual value .00079 and 53%.
Thanks once again for the help now and in the past.
Frank
Car_man
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I have never leased a car before. I am trying to learn the jargon but have been getting a bit overwhelmed. I would like to know from the experts out there is the current advertised lease for the FX35 good?
Details are:
539 /month Lease for 39 months
$3,999 initial payment
2010 FX35 AWD with Premium and Navigation Packages
Excludes taxes, title, license and options. Offer ends 06/01/2010.
Are those numbers set in stone or can I walk in and negotiate the lease information down? I have excellent credit (780 - 790) if it makes a difference. I have bought many a car in the past but leasing is a whole new ballgame to me.
If I can still negotiate the numbers where should I begin? Based on above should I negotiate the down the down payment or the selling price?
For this vehicle I am considering lease because a) won't keep past 3 years. b) mileage is not an issue (especially if I can negotiate up to 12 or 15k) c) don't want to pay a purchase price payment even at 0%/60 months.
Thanks all!
Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
Car_man
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I have been offered a dealer demo 2010 FX35 MSRP 52,723 I am new to all this and wanted to make sure this deal looks good. Mileage is 4700. I am not looking to purchase the car at the end of the lease.
Gross cap cost - 48081
Adjusted cap cost - 2615.91
Residual - 26239.15 (51%)
Total Payments by end of lease 28,422
3,866 down
DMV fees $986
Less loyalty discount of 1,000
Monthly payments 609 (including tax)
Was wondering if there was anything fishy going on with the residual as the car has miles on it.
Thanks,
Alex.
This was based on the .00092 money factor and 52% residual.
To purchase the FX35, the dealership I was speaking with seemed willing to discount -8000 off MSRP (purchase only).
Car_man - do you know what programs Infiniti / IFS is running for June? What the money factor/residuals and discounts for leasing will be. I took a chance that waiting until June to pull the trigger would be worth the weight. I cannot imagine the residual will change any, nor the money factor (at least not much) so it's the discounts that'll really help. Another -1000 discount would save me $30/month.
Anyone else getting these type of numbers or higher/lower?
I personally always insist that the dealer use the buy rate to calculate my vehicle's monthly payment. If the first dealer that I shop with won't do so, I tell them that I'm going to switch to a dealer that will. That usually solves the problem.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Infiniti Financial Services' June buy rate lease money factor and residual value for a 39 month lease of a 2010 FX35 AWD with 10,000 miles per year are .00079 and 53%, respectively.
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'm told that the June residual & mf on the FX35AWD for 39mos/10k are 52% & 0.00092, not 53% & 0.00079
Could this be true? The guy who told me is a manager of a dealership whom I trust, I've dealt with him twice before with good results. This difference costs me about $30-$35 per month over the course of my lease, not enough to break my bank, but enough to anger me very slightly!
Thanks!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP was $63,850.
Invoice was $58,675.
Received $1,000 in loyalty cash.
Money Factor was 0.00085 (2.04%)
Residual Value for 36 months at 15,000 miles annually was 48%.
Lease Acquisition fee was $595.
Registration/DMV Fees were $798.
Dealer Document Prep Fee was $45.
Basic LoJack was $695.
I should note we cheated a little bit by using the VPP program (www.insidenissan.com), so we didn't really negotiate anything other than our trade-in. But to our frustration we did have to set the dealer straight on the money factor (which Miller Infiniti in Van Nuys initially quoted as 0.0021 - NOT!)
The dealership also initially quoted 50% for residual value, failing to mention that it was for 10,000 miles per year, so that was a bit of a bait-and-switch. Also, the dealer gave us $4,000 for our trade-in, but then wound up applying it to title, registration, acquisition fee, etc. instead of using 100% of it to adjust the cap cost (meaning the monthly payment didn't match what I had calculated online).
Once we got all that nonsense sorted out (choosing to pay DMV fees, first lease payment, and the like with a separate check so that the $4,000 would bring the adjusted cap cost to $54,322.30), we wound up with a monthly payment of $801.
I came across terms like "closed-ended lease" (which seemed to mean even if the car is worth less than the agreed-upon residual value, I can turn it in at the end with no penalty) and "open-ended lease" (which meant the lessee would have to pay the difference between the agreed-upon residual value and actual residual value when the car is turned in at the end). But I couldn't find out how to determine which one my lease contract was.
Also, neither answered the main question posed by my insurance agent: if the car is totaled before the end of the lease period, what happens if I don't have gap insurance? (If the insurance company determines the car's depreciated market value at the time of the accident was less than I owed the lessor at that time, does the insurance company only pay its calculated amount to the lessor and I'd be required to pay the difference?)
Thank you everyone for any clarification and advice you can provide!