Last post on May 01, 2013 at 6:48 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti FX35, Infiniti FX45, Infiniti FX50, SUV
#1365 of 1806 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 11, 2008 (5:39 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 1806 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 11, 2008 (7:34 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 1806 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 11, 2008 (9:44 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 1806 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 12, 2008 (4:36 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 1806 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 12, 2008 (7:10 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%.
#1370 of 1806 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 12, 2008 (1:36 pm)
I wonder if you go to www.leasecompare.com, maybe you can get a better rate since they are competitive. Do you have an FX35 or FX45? I would love to get a leftover 2008 FX45 for which they are offering 0% for 36 months. I found 21 nationwide. I am willing to travel if its worth it. Of course my current lease has to get paid off. I know of one at Ray Catena Infiniti in NJ thats being offered for $39900. Don't know if its sold or not.
#1371 of 1806 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 12, 2008 (2:12 pm)
I am driving an '06 FX35 (diamond graph) with Touring and Sports packages. It's my second FX35. My first was a 2005 (saphire) that drove like a tank. The '06 reengineered drive is soooo much better. And I looked throughout the leasecompare site but their rates weren't that good either. I think it's just the economy we are in now.
#1372 of 1806 Re: 2009 FX35 deal ... ??? [jayrandall]
Nov 12, 2008 (2:39 pm)
I regret not getting and FX 35 or FX 45 when I got the M 35 Sport.
So next one will definitely be an FX. I like the diamond graphite color, too bad they discontinued it. Sapphire Blue is also nice which is quite rare as I have only seen them at the dealership and never on the road.
I didn't think there was that much difference between 2005 and 2006 besides some cosmetic changes on the outside and revised instrument panel and some additional features.
#1373 of 1806 Re: 2009 FX35 deal ... ??? [kshankar]
Nov 12, 2008 (3:56 pm)
Actually, there was A LOT of difference between the 03-05 models and the 06-08 series.
My 2005 truly drove like a truck. The 2006 model re-engineered the drive and everything was different. In a good way. Very tight, smallish control when driving my current 2006 FX. I never get tired of driving it! In addition to all of the redesigns on the interior, the early models are really apples compared to the later model oranges. Very different.
Sapphire was a great color but the Diamond Graphite is more practical. Although my 2005 Sapphire FX got more attention, the gray color hides almost any nick.
#1374 of 1806 2008 FX35 Price Paid
Nov 12, 2008 (8:09 pm)
I love the FX35 but can't afford to fork over the dough for a brand new one. I found a low mileage (5,500 miles) 2008 FX35 and paid $29,500 at an Infiniti Dealer. It has every option except navigation. Seems like a decent price. Any thoughts on the price?