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When you consider the 'special offer' is $3999 + 38 x $399 for 10K, PLUS. tags, title, tax, fees, etc. for a total of approx. $22,300.
I don't think I can better the deal when it includes 12K miles per annum and only costs me approx. $19,550 ? anyone ?
10Kmiles/year
39 months
$3218 due at signing
$444 per month.
What do you guys think?
10K miles/yr, 39 month lease
2010 EX AWD Journey, Bose AVM, Navi, Premium ,and 18" Wheels.
total $1546 due at signing, includes acq. fee, first month payment, tax, title, etc.
$534.39 per month, MI taxes included
Thanks
Car_man
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I'm currently looking at AWD EX35 Journey MSRP 38625 with selling price 37000.
$2000 Downpayment and $480 per month for 39 months. 12000 miles / year
This is non-negotiated deal. How much lower do you guys think I can go down?
Any comments would be appreciated!
I brought it down to
1000 drive off, $480 per month for 39 months.
EX35 AWD Journey, no options, 15000 miles per year.
should I pick it up? :confuse:
Car_man
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Leased at Lupient in Golden Valley for $3,000 out the door and 38 payments of $453 Did I get a good deal or should it have been lower?.
Golden Valley dealership says they also put on wheel locks, sealant on the car and rubber all weather mats for the snow (adds $800 to cost) and Bloomington does none of that. Did I do ok in negotiating?
Can you post the current residual and money factor for the 2010 ex35 awd journey for 36 months, 12k and 15k miles.
Thanks so much!
Thanks again.
EX35 journey AWD
w/ all the techno goodies
39 month lease
MSRP $40,900
asking $37,000 (roughly --> I don't remember the exact figure)
12K miles/yr
residual at 55%
money rate 4.4%
payments came to about $490/mos
I have a trade in that we agreed on $12,750 (and still owe $1400 that they are including in total). I will roll all this right into the first set of payments and then prorate the remaining payments.
payments now at $280/mos for 39 mos.
seems pretty fair to me. I think the asking price was about $600 over invoice.
any thoughts
You should never put that much money down on a lease. Have them cut you a check for the trade and put it int he bank.
Perfect explanation from leasecompare.com:
Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss.
For example, a customer once leased a Toyota 4Runner and put $3,000 down as a cap reduction. Five months later the vehicle was totaled in an accident. The client's insurance paid its portion of the lease payoff and Gap Insurance paid the balance. Our client walked away with only paying his insurance deductible but he did not get reimbursed for his initial down payment of $3,000. It was lost.
The moral of this true story is to put as little money down as possible,ideally no money down. Here are some other things to consider:
- Take the money you would have put down (trade) and invest it
- Put your down payment (treade) in a savings account and use a portion each month to help make your lease payment
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
36-month | 15k miles | residual 54% | .00084 base money factor
2010 INFINITI EX35 2WD JOURNEY
36-month | 15k miles | residual 51% | .00084 base money factor
2010 INFINITI EX35 AWD
36-month | 15k miles | residual 55% | .00119 base money factor
2010 INFINITI EX35 AWD JOURNEY
36-month | 15k miles | residual 53% | .00119 base money factor
Add 2% to residual for 12k. 3% for 10k miles per year.
Infiniti is currently providing a $1,000 cash incentive that is compatible with this special lease program.
Car_man
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I am looking for the residual and money factor numbers on a 2011 EX35 Journey AWD with Touring and Premium (no Tech) for 15,000 miles a year for 36 or 39 months.
I really appreciate your help. Happy Holidays!
Infiniti Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2011 EX35 Journey AWD with 15,000 miles per year are .00174 and 57%, respectively.
The numbers for an otherwise identical 39 month lease are .00171 ad 55%.
Car_man
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Can you please help me understand what would be the monthly payment for a 2011 Infiniti EX Journey RWD +Premium package (MSRP $39,925 and Invoice $37,511).
I am looking 15K miles per year 36 Months or 39 Months.
Thank you,
Harsha
The payment for an otherwise identical 39 month lease would be around $505.
Car_man
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Thanks again,
Harsha.
Infiniti is currently providing a special financing program consisting of 0.9% financing for up to 3 years, 1.9% for for to five years, and 2.9% for six years or $2,000 dealer cash or the aforementioned lease program on the 2011 EX35.
I personally would wait until February to get something new if I was in your situation.
Car_man
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You can give Infiniti a call after they send you the lease end inspection letter (typically 1 1/2 months or so before lease end) but don't have you hope too high.. I leased at least 12 or so vehicles and the only one that lower the residual is Mercedes on an 05 CLK55 (lease ended Jun 08, the worst financial crisis we had for a while). But Infiniti will send you car to auction and you can pay someone (a used car dealer, your infiniti dealer etc.) to follow the auction and bid on the car for you (and you pay some extra to them for their profit). Not sure what you mean by stop insuring the residual value....
What I meant by "insuring the residual value" is that I understand up until a few years ago third party insurance co's insured the end of lease term residual value until these insurance costs became prohibative
Any ideas?
Car_man
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Car_man
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Can you tell me what the 24 month lease numbers are for 2011 EX35 AWD Journey? 12000 and 15000 miles.
Thanks
kinsale
I believe that the residual value for a lease with only 12,000 miles per year are 2% higher.
Car_man
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Can you please provide the March IFS number for:
Infiniti EX35 Journey
24 month and 36 month
15k per year.
Thanks
Greg
I think you have two choices and both of them are going to be costly.
Your first choice is to have someone take over your lease. A couple problems with this approach: 1) Infiniti financial will have to approve the lease transsfer and a lot of time they will make it very hard to do the transfer (the credit rating of the one who take over the lease may need to be better than your etc. etc.). 2) And this one is a killer. Why would someone want to take over your lease and not getting a new one? People who take over lease generally are the type of bargain hunters that looking for a good bargain (otherwise, they may as well go get a new EX themselve and pick their own color and equipment knowing that the car is new).. So either your lease is really good (i.e you negotiated a killer deal and the monthly payment is really low) or you have to make the deal great (i.e. you throw your own incentive money to the pot and make it worthwhile for someone to take it over).. An then there is that little problem of what if the guy default down the line.. Different maufacturer has different rule and you will have to check with Infiniti. Some manufacturer make the first lease holder responsible for any loss while other just write it off... Either way, it can take a while for you to get rid of the car.. Just look at how many cars in site like swapalease is being advertised and how many are successful (some cars has been listed in the site forever...)..
The second choice is to call Infiniti Financial to see what is the payoff amount of the car. Essentially that is the price that they will sell you the car.. Once you find that out, you can find a seller through craigslist etc to see if you can sell the car at least equal or above that price.. Given how new the EX is, you are competiting with the new car dealer, so you will have to make it worthwhile for someone to buy a cars that is driven and in a color/equipment combo that they may or may not like. So you may not be able to sell the EX at the price that Infiniti want to charge you and you will have the bring money to infiniti to terminate the lease.. you can also try to trade in your car when you get a new one or sell your car to infiniti dealer. But the dealer that work with you will go throug the same process (i.e. finding out the payoff amount from Infiniti financial and talk to their used car manager to see if they can offer you that amount. And the car will have to enough of a bargain to worth their while).
Either way, it is going to be quite a bit of work and depending how good a deal you struck when you leased the EX, you may or may not need to come up wth any money.. We did a similar thing with our 08 Lexus LS460 (it has 24K miles on it and the payoff is about 40k) and we sold the car to the highest bidding Lexus dealer (wife called 7 dealers, 3 responded and bid on the car) and we walk off the lease without any additional money. But at the time we lease the car, we got the car 16K below MSRP.
The numbers for an otherwise identical 36 month lease are .00168 and 60%.
Car_man
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I'm currently negotiating a lease on a 2011 ex35 rwd journey with premium and touring. The car MSRPs at $43,560. I'm looking for a 36month lease with 15,000 miles.
What is the April money factor for top tier credit and residual?
Thanks!
Car_man
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Car_man
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The numbers for an otherwise identical 36 month lease are .00129 and 56%.
The numbers for an otherwise identical 39 month lease are .00146 and 55%.
If I was in the market for this vehicle right now, I personally would shoot for a selling price of around $500 to $1,000 over invoice.
Car_man
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