Last post on Jun 26, 2013 at 5:08 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Infiniti FX35, Infiniti FX45, Infiniti FX50, SUV
#1360 of 1807 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 11, 2008 (1:10 pm)
You need to first look at what invoice price is. you can find that out here at Edmunds. Remember someone here posted that he/she got 300 over invoice. I believe MSRP for that person's infiniti was around $3K more than yours. That person did not have Infiniti loyalty.
1) Negotiate your best deal which is prob $300-$400 above invoice.
2) Take 2K off with Infiniti loyalty (not all folks are previous Infiniti owners).
These cars are piling up on dealer lots. Remember dealers have to pay floor plan costs and interest for cars that are on their lots.
I actually told the dealers around here is if Infiniti has a lease pull ahead program, that I would be interested in buying/leasing another one. I have 12 more months on my lease. They said they do not but if it comes up , they will let me know. Basically I wanted them to pay up all of my remaining lease payments up front.
A local Lexus dealer had that program a year ago.
The dealer by me has a leftover FX45 for 13K off sticker, around $42K. Unfortunately, it has a brick interior.
Let me know how it goes. Remember if one dealer says no, just go to another.
I am the type who will go to other states if need be.
Just like the real estate market, its a buyers' market for cars.
#1361 of 1807 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 11, 2008 (3:06 pm)
Ok, I'm going with your advice.
fyi: I did not notice the other person's post you referenced, but the MSRP I quoted was a for a fully loaded FX35 with AWD. If you build the car on infiniti.com it comes to the same price (about 51K). 3k more then mine huh? I wonder what add-ons that car had ..... ????
btw - I have payments remaining on my lease too, so I was curious if any dealerships had early release programs. At Gold Coast, I mentioned that I had lease payments remaining but it seemed to me they were using their profit margin to pay off my remaining payments.
#1362 of 1807 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 11, 2008 (3:43 pm)
I believe the other post was dated August 28, 2008. Might have to go back a few pages. When I build an FX 35, it comes to $56,815. That included DVD, techology, premium, navigation, and touring package?
Base MSRP* $43,600.00
Interior Color and Trim
Java Lthr w/Maple Wood & Piano Black trim (req addtl pkgs**)
Packages and Options
Deluxe Touring Package $2,650.00
Premium Package $2,350.00
Navigation Package $2,850.00
Technology Package $2,900.00
Infiniti Mobile Entertainment System $1,600.00
Configured MSRP* $55,950.00
Destination and Handling $865.00
Total MSRP* $56,815.00
According to Edmunds. invoice price for the above model is $51,820.00 So you add $300 above invoice= $52120 -$2000 if you lease= $50,120. If you buy take $4000 off (all loyalty)= $48120 which I think is a good price now.
When dealers get more on the lot,it will be a couple of grand off invoice.
I have noticed that Infiniti FX35 and FX45 have been going for $10K-$13K off sticker for several years when they are stuck in dealer inventories. At that price, its a fantastic deal for this type of SUV!
#1365 of 1807 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 11, 2008 (4:39 pm)
Of course (hitting my forehead) - I didn't add either of these (Technology Package $2,900.00 Infiniti Mobile Entertainment System $1,600.00) so that's how I arrived at 51k.
I just ran my car specs on Edmunds and the invoice price comes up at $48,174.
So, add $300 to the invoice price then deduct my 2k loyalty discount. My base cap cost is $46,474. Sales tax (7%) plus the going APR (5.5%) and the price is still near $648 a month. I'll put $1,500 into the deal too. 43 months.
Still seems high, right? I think the 5.5 APR is crazy high for a lease but this is the economy we are in today.
#1366 of 1807 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 11, 2008 (6:34 pm)
Did you use that formula to calculate your monthly payment? I just realized sometimes some of these dealers add advertising fees and processing fees. (look at the small print) I would ask the dealer to show you the invoice since many car dealers do or better yet, just print out the Edmunds. Maybe you can get it at invoice, who knows, these dealers should be happy,someone is walking through the door, maybe throw in a dinner at Mortons. LOL
#1367 of 1807 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 11, 2008 (8:44 pm)
But what's your reaction to the APR at 5.5%? Don't you think that is awfully high for a lease? Typically, you see something far more competitive like 2.9% or less.
In fact, if you adjust my numbers based on an APR of 2.9%, the monthly drops significantly. (down to $563.00 w/ tax) I think this is the reason my monthly seems higher.
In your area, do you know what range of APR's Infiniti dealers are offering on lease deals? Something tells me all Infiniti dealerships have the same lease programs.
And, I have been using this lease calc to get my numbers:
#1368 of 1807 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 12, 2008 (3:36 am)
the rate is high. Is that what the money factor equates to? If you have .00275 X 2400=interest rate in this rate 6.6% as an example. I heard this is the way to compute interest rates from money factors.
You can prob go to www.leasecompare.com and see if u can get better rates. It might also depend on credit as well, like Tier 0-2 might have different money factors.
#1369 of 1807 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 12, 2008 (6:10 am)
Ok - this is where we are disconnecting. Yes, the money factor I was quoted at both Gold Coast and Fields is the same (.00229) This is based on my credit score which is over 720. It's the only lease factor infiniti is offering today on the 2009 FX.
This is why my monthly seems high but appears to be the going rate. Using your forumla above and it equals 5.5%.