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Car_man
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Understanding the mf / residual facts, is this a good deal based on others experiences?
Could you please look to see if this is a good deal?
G35 awd premium package with Navi
MSPR: 39,948
Selling price: 36,448
Residual: 59%
Money factor: 0.00197
36 months @ 12,000
I am calculating 528-529. Please advise if this looks like a good deal?
Thanks,
36 months, 12,000 miles per year lease.
$0 down other than first month's payment, sales tax, and $150 paperwork.
Payments: $460/month.
MSRP:35,520
36 Months with 15,000 miles/year
758 drive off (first month plus fees)
407+tax / month
I have finish 25 months out of 39 months. My payoff amount is 22500 and Kelly blue book is $18950.
Infiniti offer me this. They will buy me out on the lease.
(they will be paying ~$3500 to buy out).
2005 G35 Coupe RWD Auto
options: premium pckg= 2450 + spoiler free.
Total Value of the vehicle = 35840 +tax +Acq fee = 37325
48 months/560 per month 12000 Miles/yr.
Residual value $18250.
DEAL OR NO DEAL.
Car_man
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Car_man
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You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Is the "Total Value of the vehicle" that you mentioned this car's MSRP or selling price? I need to know both of these numbers to give you my opinion of this deal. Let me know and I'll tell you what I think.
Car_man
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Here are the details.
MSRP= $36700
Agreed upon value of the vehicle = $35841
Sales Tax = $934
Acquisition fee = $550
Adjusted Capitalized cost = $37020
Residual value = 18250
Rent charge = 8109 ( what is this ??)
For my maxima the mkt value (kelly book) of the car is $18950 and the payoff amount is $22950. So dealship has to pay the difference to the Bank (nissan financial )plus a small dent to fix (~$850). so far I have payed off $11440 and remaining payments left are $5720.
Yes I did watch Deal or No Deal and people walk away with lot of money very easily.
Thanks.
Lease payments are made up of two main components, the interest portion and the depreciation. The rent charge that you asked about is the total amount of interest that you are being charged over the life of your lease.
Car_man
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He also told me he will sell me for the invoice price and he shows me the invoice which was around $32500 very close to edmunds invoice price..
It looks like the dealer is not charging me for breaking the lease but he still need to pay the difference of the mkt value of maxima and the buyout and some how he included those in my payments which adds up to $560/m.
I done the Deal today.
thanks.
Thank you for all your comments and tips and making my leasing process easy...
Here is the deal that I got:
MSRP - $39400 (Premium Package and Nav)
Cap cost - $36534
Mileage - 15K year
Lease - 39mths
first month/tax/tags/doc fees/aqu fee - $3158
down payment - $0
Monthly payment - $472
Please let me know if this was a good deal or not...
thanks,
Up
to turn your Maxima in early? The reason I
ask, I'm almost four years into a five-year
lease on a 2002 Maxima. I love the car, but
this has been my first lease and although I
got cash back in my pocket to drive this car
and the payments are pretty decent, the length
of the lease is just too long, as I have been
trading in my cars every three to three-and-a half years. I looked into leasing a 2005 Maxima, but the dealer (I have bought three Nissans from this dealership in the past) did not seem to want to work out a deal that I thought was reasonable. Same picture;
I supposedly owe more than the car is worth.
So I would say this sounds like a pretty good
deal to me if Infiniti is willing to do that
for you. The G35 coupe is also on my wish
list for my next car also. Good luck
Nothing against the maxima its runs real good but I just feel like driving a more sporty car. And G35 Coupe will give you the feel and look of a sports car. Its like driving a Z350 with four seats and a look of Porche from the front. I am enjoying every mile of it. This car reminds me of my 1983 RX-7 I used to drive but much more power and strong brakes. Try taking your car to Carmax they might give you a better price or just go to Infiniti and see what deal they can give you.
I am looking for a lease on a G35 coupe with sport and premium packages. I want 24 months and 12K per year. I would like to pay $1000 to drive off. Can you please tell me how much I should expect to pay per month excluding tax?
Thanks for your help
Car_man
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Car_man
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Car_man
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Car_man
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Thanks for all your help with this deal. Just got my free spoiler installed today only took 1 HR. Great customer service at the dealership of Lisle. I can feel that people driving BMW,s, Lexus and Acura are looking at this car and you can feel on the road that you are the leader of the pack. 0-60 is amazing on this car.
It was a 1988. That was the car I've owned
the longest, almost 7 years (with the exception of my 1979 Mustang which I drove in
high school) The RX was a great car,
completely trouble-free. I definitely am
thinking about checking with the Infiniti
dealer regarding some sort of trade-in with
my lease, or maybe I'll try to hang in there
for another 6 months. We'll see.
I appreciate your advice on this forum. Here's the quote I have:
2006 G35x AWD w/Premium C and Navigation:
MSRP - $39210
Selling Price - $36542
Money Factor - .00165
Residual - $22350 – 57%
Total Due at Signing - $590 +/- $5.
Documentation Fee - $550 (built into lease)
39 mos./15,000 mi
$477/month + tax
Thanks!
Can you help me out on this lease deal:
(My Tax rate is 7.75% in SoCal.)
2006 Auto G Coupe w/ premium + sport + navi + trunk mat ($40,180 - MSRP / $36,970 - Invoice Internet Price = $38,500) at the following payment levels.
$2,000 to start 24 x $632 including tax
Residual = $28,126 Money Factor = 2.55
$2,000 to start 36 x $573 including tax
Residual = $24,108 Money Factor = 2.29
$2,000 to start 39 x $586 including tax
Residual = $22,902 Money Factor = 2.5
Is the price ok? And one more thing, I tried to use edmund lease calculator, it seems the monthly payment (for 36 month lease ) are way too high? From the above figure (36 month), I calculate the monthly should fall between $435-$470 included tax (7.75%). Am I correct? Thank you for your help.
Thanks. The MSRP is $38,540 and the selling price is $35,574. I live in Santa Clara county CA with a sales tax of 8.25%. I have excellent credit.
Regards,
dknetz
just $2290 due at signing plus plates.
I'm sure Car_man will chime in with the "official" word in this forum but in general, it is not a good idea to put money down on a lease. If your car is stolen or totalled during the lease period, insurance will pay off the car to the leasing company but nothing to you -- you are out the $4000. It would make more financial sense to take to put the $4000 in a savings account and use a part of it each month to pay for the difference between $480 and the higher payment.
- A.
I'm interested in leasing the 2006 G35 Coupe 6MT. What are the LMF and residual values for 24 months/12,000 miles per year and 36 months/12,000 miles per year?
I'm looking into geting a G35 6 speed sedan (most in my area are automatics of the G35x variety). Can anyone advise on current residual and MF details for a 36 or 39 month lease with either 10k or 12k.
Thanks in advance.
But, you are correct.. if you are leasing the car, with no intention of buying it, a high residual makes for a low payment...
regards,
kyfdx
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It is probably a moot point.. I've seen banks that will allow a residual to be lowered, as that has no ill effect on them (for people that have a car allowance from their employer, and plan to buy the car at lease end), but I've never heard of a bank that will allow the residual to be raised..
It sounds like the salespeople were just talking in hypotheticals...
regards,
kyfdx
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Would you be able to answer my question above (post #135)?
Ben
regards,
kyfdx
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Car_man
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Car_man
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Car_man
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Let's work up a couple of lease payments using the price that you mentioned in your post and see what we come up with. According to my calculations, if you were to lease a 2006 Infiniti G35 Coupe with an MSRP of $40,180 and a selling price of $38,500 through Infiniti Financial Services right now for 24 months with 15,000 miles per year, I estimate that your zero down, pre-tax monthly payment should be around $595. The payment for an otherwise identical 36 month lease should be around $554. The payment for an otherwise identical 39 month lease should be around $550.
Car_man
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Car_man
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One thing that I did notice about your deal is the large down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your G35 would be exactly the same, regardless of whether you had put $4,000 down, or had made absolutely no down payment at all. You would be better off keeping that money in the bank and using it to supplement your monthly payment or make a few of them than using it as a cap cost reduction.
Car_man
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Car_man
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Thanks for the information. I paid $551.02 plus tax last weekend through IFS. It sounds as though I was stiffed! I was under the impression that once I had negotiated the price with the dealership I would get a lease payment based upon a standard money factor from IFS. Am I being naive? This may be a stupid question but is there anything I can do after signing?
I really appreciate your knowledge and help.
dknetz
Car_man
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