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MSRP - 54,040
Negotiated - 49,020
Residual - 58%
MF - 0.00121
Term - 39
Mi - 15k/yr
Down payment via trade - 4000
Total - 528.11 incl tax @7%
Please let me know if this is a good deal or i can do better.
1 - For April the 2013 residual is approx 60%, I assume the residual value will only fall further when the May rates are published - hence making it just a little costlier to lease. Would this hypothesis generally hold for leasing - hence it is better to lease earlier in the model year than later?
2 - How would I know if the dealer is using the buy rate for my MF - just ask ?
3 - I am thinking of holding out until May (end) to lease - in the hopes of taking advantage of Memorial day sale events. Does this make sense or not matter?
I am a type 'D' VPP buyer and the dealer has agreed on invoice less $1250. Has anyone heard / received better pricing in GA / Atlanta area?
Thanks guys..
Base model with bumper protector and illuminated kick plates.
MSRP: $42,755
Offered Price: $39,864 (invoice price)
Acquistion Fee: $700
Residual: $25,225
Depreciation: $11,630
Rent: $3,607
The dealer said that with VPP D plan the best they can give me is the invoice price.
Is this a good deal? Has anyone been able to get the lease below the invoice price with VPP D plan? Thanks.
With Infiniti, the Spring "Limited Engagement Event" runs during April and May, meaning I doubt May will bring any substantial savings. The good news is, it won't get any worse either.
Availability may be a concern soon, since the model year is winding down and the 2014's will no doubt be higher to reset the trend all over again.
Hope that helps!
- I see you paid 599x9 for your MSD. How does the dealership arrive at the $599 (or $5390) sec dep amount?
- I assume, all amounts put towards MSD are refundable at the time of return or is treated as equity in case of lease buy-out.
- Did you prefer to use MSD instead of $0 down or was your deal structured as $0 down sign'n'drive?
Thanks..
I've said this before, but the program is so good I can't believe they even offer it. What I would love to figure out, is what exactly IFS get's out of it and how can their ROI justify this type of incentive program. Regardless, until they change it, I am definitely a fan.
For the JX35 AWD in the month of April, the mony factors are:
.00097-24 months. (66%)
.00104-36 months. (58%)
.00121-39 months. (58%)
All are standard 15,000 mile per year residuals, with 2% being added for 12K, 3% for 10k.
Hope that helps.
While Infiniti's current lease program is only scheduled to run through the end of the month and vehicles' residual values do generally fall as the model year progresses (great observation BTW) that does not necessarily mean that the JX will become more expensive to lease in May. Manufacturers usually have a target payment that they are trying to hit with a particular vehicle. If the residual values fall making it more expensive, they can always lower the money factor enough to maintain the same monthly payment. While it's difficult to predict what automakers will do with their future programs, I suspect that is what would happen if the JX's residual values fell next month.
$1,250 under invoice is an excellent selling price for this truck, but I'm sure that you suspected that given the fact that you are going through the VPP plan.
Ask the dealer if they are using the buy rate that you have seen here to calculate your payment.
I personally don't think that there's any harm in waiting until May to lease, but again it's difficult to predict what automakers will do with their future programs.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The good news is, at least you still get the extra money back at the end!
My JX payment before and after MSD (including taxes) were 450.12 & 524.xx. I was asked to pay 500*9 not 550*9. I got the car last month.
Had similar scenario with BMW i got last year.
Read the 1st post in the link below. It is for BMW but infiniti uses same formula except that you can do 9 and each MSD gets you slightly bigger discount on each MSD - 0.0001 vs 0.00007.
http://www.bimmerfest.com/forums/archive/index.php/t-221741.html
I screwed up a bit when i did my JX deal as I could have paid 10 bucks towards cap cost reduction to bring my monthly payment to just below 450 from 450.12 and would have had a 450*9 payment instead of 500*9. I thought about it but the dealer bs'ed to me (he said MSD is fixed at 500 for JX) which i didnt believe but didnt care too much.
MSRP: $51,790 ( FWD, premium, theatre & deluxe with roof rails)
Invoice: $48,693
Incentives: $1,500
Price before TTL: $47,193
This would be my 1st VPP purchase, does this seem like a good deal? Would I be able to negotiate more? Or negotiate all weather mats, etc? Also, am I leaving anything on the table by using the VPP and not negotiating myself?
Thanks for all your feedback!
2013 JX35 with premium, theatre, deluxe touring and technology packages
MSRP $56,630
Sale Price $50,915
39 months
12k/year
58% residual
$604 monthly payment
$3400 at signing including first month lease payment
Cheers!
Any thoughts as to this deal? Please let me know your thoughts, as I am looking to move on this quickly.
Negotiated price for the JX35 AWD - $49,946.16
Money Factor on the lease - .00140
Residual percentage – 61%
Payment terms including down payment –
36 month lease @ 10K miles per year.
$557 + Tax = $591 per month.
4k down from trade. $2,500 cash back from trade equity.
Residual = $31,289.95
MSRP - $47940
Invoice 44520
MF - .00099
Residual - 58%
Term - 39 months
MSD - 9x$450
Pre-MSD payment : $500 per month
With VPP, the dealer came down to invoice and then provided additional discounts so my cap cost my approx$41-42k. I am still curious about Infiniti's MSD program. Essentially, with each deposit of $450, my MF came down by .00010. I paid for 9 MSDs and my monthly payment came down to $434 per month.
Simple arithmetic tells me :
Monthly saving is 500-434 = $66 or $2574 over 39 months
Refundable security deposit = $4050
At the end of 39 months I get my money back and essentially I get paid $2574 for giving it to them for 39 months...which is a 63.5% return (2574/4050). That sounds insane and something that good is usually too good to be true
What am I missing here, where can they eventually stick it to me? I cannot imagine Infiniti offering such benefits without caveats. I plan to buy out the lease / sell the vehicle in 24-28months.
Can anyone provide the MF and residuals for May for both a 12K/yr and 15K/yr, 36-mo lease?
Will there be any incentives?
Thanks!
1. What is the money factor or interest rate? This is very important. Infiniti rates for APRIL (MAY not out, yet) is 0.00104, which equates to 2.5% interest, which is not bad.
2. Based on your numbers and this money factor, AND a 36 month lease (I don't have 39 mo numbers), I'm getting roughly $589 without tax. This is also with just tax, title and license for drive off.
3. What incentives are in this deal? Currently there's $1,500 to be had
Your payment is not bad, but the drive off fee is ridiculous!
Also, anyone know the new may residuals and MFs? Specifically 36month term and 10k/yr.
Thanks
$439 a month for 39 months including tax. Zero down and no trade-in. Used 9 MSDs. Very happy with the car and the price. Spent three days negotiating with multiple dealers.
Really appreciate the info I got from this forum.
The residual value for a lease with only 12,000 miles per year would be 1% higher.
There isn't any specific cash incentives on leases of the JX in May, but Infiniti is providing some $500 dealer cash certificates on it that you may be able to convince the dealer to use on your deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I don't blame you for being happy about the price! I just posted to another member who seemed to have gotten a great deal as well. I hope you wouldn't mind sharing with me the name of the dealer where you got the car. I'm in NJ, and was quoted roughly $680 tax included, (with no MSD's) for a JX with Premium, Theater,Deluxe Touring and Tech 12,000 miles per year. Your assistance would be appreciated.
Looking at a loaded JX AWD in California. Need some MF info. Low mileage, 10K/yr. Either 36 or 39 months or even 48 months? Could you let me know what the MF rates are for 36 and 39 and 48 if they offer that? Many thanks!
The numbers for 39 and 48 month leases of this vehicle are .00104 / 60% and .00116 / 50%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
39 month lease with 12k miles a year. I prepaid the entire lease and it was $21k for everything including all fees, taxes etc...
No idea if that was good or not, but the residual value they showed seems about $3-4k higher than I would have thought.
Any thoughts as to this deal?
Negotiated price for the JX35 AWD - $49,946.16
Money Factor on the lease - .00140
Residual percentage – 61%
Payment terms including down payment –
39 month lease 10K miles per year.
$566 including tax (8.1%) per month.
4k down from trade. $2,500 cash back from trade equity.
Residual = $31,289.95
Looking at other deals here, it seems it may serve me well to do the MSD payments, as opposed to the straight downpayment.
Any insight?
Thank you!
offer sheet
Please look at image and let me know thoughts.link title
Deal parameters I am getting are as folllows-
The car- http://www.passportinfiniti.com/new/Infiniti/2013-Infiniti-JX35-Alexandria-VA-4a- aae10b0a0a00de00a167480d18a593.htm
Purchase Price of $44,000
MF .00121
Residual .61
$500 down.
Payment comes out to $595.
I have a little negative equity in my car, so that is skewing things a little. Any insight or suggestions would be appreciated.
Not knowing any details of the negative equity, seems to be an ok price based upon initial MSRP. IS it for 36 months, or 39 months?
I am looking for the rates on a 36 or 39 month lease, 15K miles per year in NY. Also, this model is changing to the J60 for 2014. Is there any factory to dealer cash and/or dealer to customer cash available now? Conquest cash? Thanks.
Just leased a JX AWD pretty much fully loaded. It had all of the packages plus a few other options. Although I think I got a pretty decent deal the dealer kind of backed into the numbers after some negotiation so I am hoping I didn't miss anything. He basically made the monthly payment the payment amount without sales tax even though I was not charged sales tax up front. I know this because when I plug in all the numbers he gave me to my lease spreadsheet the $544.25 payment is the amount it calculates before sales tax and it is the the penny.
MSRP - $57,385
Invoice - $52,714
Payment $544.25 a month including NJ sales tax at 7%. 39 month lease 10k miles a year.
At signing I paid $2,300 which included
544.25 1st months payment
400.39 Registration fees
299.00 Doc Fees
7.50 Tire Fee
49.00 Acq Fee Tax
215.18 NJ Luxury tax at .4%
20.93 Tax Doc
Plus I don't know what the other $62.75 is to get to the $2,300.
Any thoughts?
JX35 AWD with Premium
MSRP - 49,420
Net Cap - 44,200
39 months, 12K yr
$4843.87 due at signing (of which 4050 is refundable MSD)
50% residual
Money Factor (.0014) reduced for each MSD to .00014)
Monthly payment: $418 (includes 9% PA tax and Gap)
I'm in North TX looking at the following:
AWD, MF .00146, Res 60%, (or 9 MSDs taking it down to .00056)...Does that seem strong or is there more room here?
FWD, MF .00120, Res 58% (or 9 MSDs taking it down to .00041)...thoughts here?
thanks
I also need the June MF and residuals for AWD and FWD for 39 mo lease with 12K miles a year. The JX with Premium only. Thanks!!