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The $2k shows as "Retail or Non-IFS Lease Incentive" and there is no incentive for IFS leases.
The Pilot had some super cheap lease/buy deals the last two months. The buy incentives are still high and they still have cheap leases in some states. Might be worth a look, we got a new Pilot for my wife in Jan for 0.3% effective financing and the price was down into the hold back.
Dennis
Also, the lease rates quoted here are well over $400 per month, some over $500. I've seen offers on the Infiniti web site offering an 08 g35x with premium for $359. Is that just an outstanding deal? Or, does it really not work out that you get that deal? Any advice on that one?
Steve
Most of the specials you see listed require quite a good amount of money to be paid at signing and they never include tax. So a deal that is $359 with thousands down without tax may be a lot worse of a deal that is $450 a month with tax and nothing paid at signing.
As far as the taxes go, I think MN taxes the payment so your trade in would have zero effect directly on the taxes. Putting the equity in the car into the lease would reduce the payment so less tax would be collected on the payment. It does not work like a car SALE - where tax is due on the full price of the car and your trade directly reduces the tax.
Check to be sure, but if MN does tax on the payment then I would sell your car yourself or get the dealer to give you a check for it and put the minimum amount into the new lease.
Dennis
Thanks guys.
Danny
$450 a month
24months
12k a year
TOTAL out of pocket $1500
MSRP 40375
invoice 37000
And they will make my last payment of $450 for my 06 coupe.
What do you think about this deal?
Thanks guys!!
In the words of Ralph Cramden, "Hardy Har Har" . Some of these folks may make the big bucks posting on the forum (but I doubt it), but not me - I get the old goose egg, zilch, zero, nada.
Dennis
G37 journey Nav/Prem/Sports package/ spoiler 24mth 12k
Invoice 39,882
Purchase price 40,487
NYS tax 1208.00
72% Res 12k MF .00195
First payment 585.47
wheel locks 69.95
DMV 55.95
Tire fee 12.50
Drive off 728.95
Monthly payment 585.47
What do you think ? Should i expect them to eat the bank fee of 595.00 and wheel locks? then i can pay the tax up front instead of having it rolled into the montly payment?
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08 G35X with Prem, Nav & Tech Package. 36mth/15K mi term
MSRP $40,825
Invoice $ 37,245
Sale Price $37,000
Dealer Cash $500
MF .00160
RD 60%
Aquisition Fee $595
Total price of $37,095 plus upfront tax and tag for MD.
What should my payments be? I come up with $432/month. They told me $449. Compared to other deals I've seen on the forum this is a great deal!!!
Thanks again,
Chris
Got an updated offer from another dealship near by .
MSRP : 43,215
Invoice : 39,376
Purchase : 39,376
Cap Cost: 39,971
NYS Tax 1860.00
MF .00200
No money down
Drive off is : 590.00
535.00 first months
55.00 DMV
How does this look so far as far as a good lease? I left a few figures at home so some of the numbers may be off by a few bucks. The monthly payment is in the 530.00 range.
Infiniti is supposedly offering good lease deals on the EX35's with their March numbers (below for the RWD and AWD Journey's). How do you interpret the numbers? Anything jump out at you? Where is the best deal to be found (months and model - RWD or AWD)?
Thanks...Walt
Here are the EX35 lease numbers for March:
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 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
Chris
Dennis
Dennis
Dennis
As far as the numbers went between 36mth and the 39mth turns out the 39 month is cheaper and If i have to replace the tires atleast I'll get some use out of them before i return the car.
Im pretty set on the nav/prem/sport i just hope he didnt use an invoice with the other options like illuminated kick plates,cargo net , trunk mat etc and not tell me.
On a side note they didnt have the black with the nav/sport/prem at the dealer so they have to get it from another location.
Have you heard of G37's going for under invoice bank fee included?
$1000.00 Down
$596.00 Monthly
39th Months
Takin over my 06, A4 2.0T (three months left)
- Reduce the residual by 2% (the mirror of raising it by 2% going from 15K to 12K miles), or
- Charge $.10/mile off the residual amount (e.g. for a 24-month lease, 3000 miles/year "extra" x 2 years x $.10/mile = $600 off the 15K calculated residual amount.
Thanks!
waltaz
Total Cap Cost == 36500.......msrp==399775...pretty much 40k
15k mile / 36 months
58 % residual
total drive off == 700.00
Documentation Fee: $50.00
License Fee: $125.05
Payments come in at 525 a month, with no money down other than first months payment and lic and doc fee.
Let me know what you think, as it also come with free tint, and wheel locks
-Alex
Dennis
-Alex
1) Monthly Depreciation Fee = ( Net Cap Cost - Residual ) ÷ Lease Term
2) Monthly Finance Charge = ( Net Cap Cost + Residual ) × Money Factor.
3) Sales Tax (Depreciation Fee + Finance Fee) x Tax rate
monthly = 1 + 2 + 3.....but since there is no tax in the lease in Texas this month....im golden....so 1 +2 correct.
-Alex
That's reasonable, right?
I'm looking at both the RDX and EX35. The manufacturer's have the following incentives for March:
- Acura: $1500 off for a lease, and they will go off of INVOICE (don't go a penny more)
- Infiniti: Super-aggressive money factor on 24-month leases (.00025 vs. .00074 for the RDX); better residuals than Acura (63% for EX vs. 58% for RDX)
Factor all this in and assuming the following:
- RDX Tech MSRP is $37,410 and cap cost is $33,229 (I have to add $300 for marketing in AZ)
- EX35 Journey RWD (with Nav, Premium, Luxe Style, Roof Rails, Cargo Protector) MSRP is $41,485 and cap cost is $37,868
- 18K miles/year, reducing residual amounts by $600 (3000 miles/year x 2 years x .10/mile)
- No fees rolled in to the cap cost
- No cap cost reduction
The monthly payments, before tax, work out to be:
- RDX: $545.66
- EX35: $529.68
Umm...fricking WOW!!
The cap cost may also include the $595 bank fee, taxes, tags, title, etc - it all depends on what you want rolled into the lease and what you want to pay up front (all your choice).
Dennis
(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Money Factor = Interest
Depreciation + Interest = Base Monthly Payment
If you have access to any spreadsheet software, just type in the formula something like this:
=((B18-B4) / B7) + ((B18+B4) * B9)
Where B18 = net cap, B7 = residual, B7 = term in month, and B9 is MF.
Dennis
I would go with the best deal and not worry about it, unless the servicing dealer is going to do free oil changes or something and is not much more than the cheapest dealer.
Dennis
Dennis
Thank you in advance for your response.
You can find invoice, hold back, and incentives for yourself so you know basically what the dealer has in the car. Any deal that is close to invoice less incentives is a good deal, priced down into the hold back is great deal (when you include the dealer doc/prep fees).
If an Infiniti dealer is doing it makes it more humorous, since the majority of the employees probably can't afford an Infiniti - even at "special pricing" .
Dennis
There is a $500 customer cash offer on SEDANs. I would say around invoice for the car, destination, and dealer fee including the customer cash. Anything less is better - but they are making $500 at these prices which should be enough for most any dealer. Others report doing better, but you have have a dealer in your area willing to supply that deal or be willing to travel to go get it.
On a coupe, the anything $500 over invoice and down for the coupe, destination, and fees would be nice.
Dennis
Link to March Payment Chart
Note that the prices DO include the current $500 in customer cash for sedans and they DO NOT include the Feb price increases ($250 or less per car).
There seems to be plenty pre-price increase cars available so I opted to leave the prices alone.
Note that this chart is not intended to tell you what to pay for a G, or what your payment should be, or anything OTHER than just to show for each model how the current lease deals compare with ones from prior months.
Dennis
-Alex
-Alex