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Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here 
23872 messages, Last post on Sep 20, 2005 at 8:08 AM
You are in the Smart Shopper-Archives Forum. Your Hosts are kirstie_h & tidester
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Hey Chigirl. While 42 to 48 month leases are a little long for my taste, there's nothing wrong with leasing a vehicle for that long, especially one that has a 4 year basic warranty like Infinitis do. Infiniti's April lease program for the FX35 is only scheduled to run through today, May 2nd. I have not seen its new May lease program will be like. I should be able to give you an idea of what this vehicle's new program is like some time later on this week. Please post a quick reminder in this discussion for me then and I will fill you in on what I have been able to find out. Talk to you then. Car_man Host Smart Shopper Forum |
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Replying to: Car_man (Apr 28, 2005 3:02 am) smith83.
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Replying to: Car_man (May 02, 2005 3:00 am) From what I remember the MSRP was 22189.00 They then knocked it down 1000.00 and then gave me a 500 prior VW owner bonus which they used as a down payment. I called the finance manager and asked for the destination charge, msrp, selling price , money factor, and any aquisition fees. I think it may have gone down a little lower because we then came up with a new quote later on. One in which was lower. They are charging me 199 for doc fees in which I am trying to get them to go down 50 bucks. Is that charge negotiable?? I thought it may be since I have bought my prior car there. Also... Have you heard any lease quotes for this vehicle from other buyers?? I have searched and searched online but they are so new that I can't get any numbers from anyone, not even edmunds. Thanks for any info and I will try and get the info on here asap before I sign this afternoon. You are a great help, thank you!!! 
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Replying to: smith83 (May 02, 2005 4:43 am) Also, when you say "first payment due at signing" that means they have rolled the acquisition fee and likely the security deposit into the cap cost (on top of the car). Probably any taxes, dealer fees, etc as well. If you put $43,503 and $24,646 (53% of MSRP) into a lease calculator you get $616.40/month plus tax. Does the $725 payment quote include tax, is so what is the rate? Without tax, I had to raise the net cap cost around $4k to get that high of a payment. With a 7% tax rate I still had to raise the net cap cost by $2,300 to get that high of a payment. $2,300 would be a lot to add to the cap cost of the truck. I might not say "rip off" but I think I would say "bad deal" ? Dennis
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Hi Dennis: no offense taken about the credit score! we learned from this forum that the money factor was an additional way to build profit into the deal. But, at .0008 we didn't think one could get much lower. We have the actual "sticker" from the car window. It says 28,845 - no options added from the dealer. Here is the breakdown: MFG suggested retail 24,730 BZ le package #6 3305 CF carpet floor mats 196 cargo net 49 delivery and processing and handling fee 565 The contract says 36 payments are in the lease. I am so confused. Thanks for confirming the numbers just don't make sense. We thought we had missed something. Should we just sit tight to see if the dealer contacts us? Thanks again
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Replying to: tguest (May 02, 2005 6:25 am) I guess so. The mistakes all seem to be in your favor, but I would seriously doubt the lease will fund as written. If it does, then your buyout at the end of the lease will be $2k or so less than it should be  Just keep track of your first payment due date. If you have not gotten an invoice from the lease bank and you get within a week or two of first payment, then try calling the lease bank and see if they even have you in the system. This DOES happen from time to time. We had a couple of folks in the last few weeks with problems in the contracts that had to be re-signed. In one case I know the dealer dated the contract to the current date (so the lessee gets a free month). On seconds thought, we know the lease contract is bogus and is unlikely to fund. So I guess you might have to just call the dealership and get it fixed. Worst case, they come back with a lot higher payment you just return the van and un-wind the deal. Better to do it now than after you have been driving it for a month. Or you could wait a week or two and call the lease bank looking for your account number. With your name, address, and SSN they should be able to find you in the system or not. If you are not in there, it didn't fund. Dennis |
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I got them down from 2493 to 1493 at signing , with a 3yr 36k lease at $213 including tax. I think LAST DAY of MONTH is a good time to hit them up, as they want to move units too. %54 residual and .00048MF was the deal (from Honda USA). I was on the phone/email with about 3 dealers, and i had a guy down to 250 including tax plus 960 down, then a guy who was about 15 miles away dropped it to 213 when I said "well, this guy is about the same as you, and he is only 2 miles away". No disposition fee, $1500 wear and tear waiver. I think I read somewhere that $1000 at inception = approx. $30 on the monthly lease. I'm sure that varies with MF. |
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| i am totally new at this and want to make sure i ask the right questions, and learn about money up front, or not money up front, what repairs are covered and what re not, better to lease a new car or a used one?? | |
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Replying to: Car_man (May 02, 2005 3:00 am) This is what the lease is MSRP 22965.00 ( which includes the 615 destination charge) Selling Price 21665.00 minus 500 for prioe VW owner = 21165.00 Money Factor is .00110 Aquisition fee 595 (which is included in lease payments) Here is where it gets a little confusing for me Security Deposit 395 ( I thought that there was a "No Security Deposit" in NH?? Am I wrong??) The finace manager said on the sec dep the MF is .00015 which will bring my actual money factor for the lease to .000185. This confuses me BIG time... The lease is 48/15000 at 304.94 with first payment and doc fee of 199 at signing. Does this sound right to you? I Guess I am just really confused about the Money Factor although it is quite low... Thanks
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Replying to: dawner (May 02, 2005 8:23 am) |
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