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
#1719 of 1806 Need Advice - buy now or wait (I still have a couple lease payments)
Mar 04, 2010 (6:56 am)
I'm interested in taking advantage of the $4K cash back offer on the FX35 but I have three more lease payments on a 2008 EX (~$1,500) which Infiniti is not willing to eat. Should I wait until making my last payment (which is the end of May) and hope that they are still offering $4K cash back or bite the bullet now and eat the payments myself. My dealer is willing to sell me the FX35 I want for $500 over invoice which isn't bad and the service at this dealership is really good. My EX is also way under it's mileage quota but it's also too short of a time to consider something like swaplease so I'm looking for advice. Thanks!
#1720 of 1806 Re: Need Advice - buy now or wait (I still have a couple lease payments) [jmmsumru]
Mar 04, 2010 (8:44 am)
Have you already established your EX's trade-in value? If you are way under on the miles, maybe it is better than the residual on your contract.(??)
Otherwise, I would wait.
1. It does happen that incentives can get worse at the year progresses, but I wouldn't say it is all that common.
2. If you eat the payments now and the incentive goes UP in May, you'd really be kicking yerself.
3. The dealer may go even lower in May if the units continue to sit there.
#1721 of 1806 Re: Need Advice - buy now or wait (I still have a couple lease payments) [qbrozen]
Mar 04, 2010 (9:50 am)
gbrozen - my car is actually worth about (both from kbb and edmunds trade-in values) $1,500 more than my payoff/residual. I didn't really try to use that as a bargaining point, do you think they will budge? I'm willing to wait to ensure the greatest savings. I'm not really keen on outright buying the car and then having to sell or trade it in since I will have to pay the taxes on the purchase price which almost negates the difference between the residual and trade-in value.
#1722 of 1806 Re: Need Advice - buy now or wait (I still have a couple lease payments) [jmmsumru]
Mar 04, 2010 (10:10 am)
KBB and edmunds are typically high, so it is tough to say if you actually have any equity. But, yes, to answer your question, even with a leased vehicle, you can trade it in rather than turn it in early. You don't need to buy it out to do so. A dealer who buys a leased vehicle from an individual has the advantage of not having to pay the taxes.
So, in short, I would ask the dealer if they are interested in doing a deal now by buying the vehicle for more than the residual, thus saving you some money on the remaining payments.
#1723 of 1806 Buying a Previously 2009 FX Rental Car?
Mar 08, 2010 (8:05 pm)
I'm lookin' to pick up a used '09 FX, but can only find former rental cars for sale in my price range (below $35K-I'm finding FX's with 18-23K miles at around $33-34K). I'm hesitant to go that route as the rentals can take a beating. That said, the Infiniti warranty is pretty extensive and may cover any mechanical issues due to the wear & tear. If anyone has any experience with buying former rental FX's and has some advice, I'd love to hear it!
Thanks - Obsidian7
#1724 of 1806 Re: Buying a Previously 2009 FX Rental Car? [obsidian7]
Mar 09, 2010 (8:59 am)
I too was looking for an 09 FX35 and ran into the same problems you are having. I did not feel comfortable buying a rental either. I just picked up on 08 with 7,000 miles on it on Saturday from Fields Infiniti in Chicago. I hesitated to buy an 08, but it has all the options and you can tell it was well taken care of and with 7,000 miles, I figured I could not go wrong. Picked it up for $32,325. Not sure if the lane departure and intelligent cruise are worth the extra money, but it had it, so I have it. Hope this helps.
Thanks - Graphite FX35 aka Benchmaster435
#1725 of 1806 Re: Buying a Previously 2009 FX Rental Car? [obsidian7]
Mar 09, 2010 (9:09 am)
Oh, I should also mention that the car has Navigation, AWD and the P265/50/20's option for wheels/tires. That might make more sense as far as price goes.
Graphite FX35 aka benchmaster435
#1727 of 1806 Good Deal?? 2010 FX35 NAV PRM
Mar 10, 2010 (8:21 am)
My stepfather received the quote summarized below via email from a dealer in Virginia. I've had great sucess negotiating my cars using the Edmunds forums and I'm hoping to help him out this purchase. Let me know what you think of these numbers.
2010 FX35 w/ Premium, Navigation Package and Roof Rail Crossbars
Quoted Price: 41,165
I presume this quote is before TT&R + any fees. I have suggested that he should ask them to throw in the 2-year maintenance package. Any thoughts on whether we can get this car for a lower price?
#1728 of 1806 Re: Good Deal?? 2010 FX35 NAV PRM [jabeeva]
Mar 10, 2010 (8:30 am)
Does that price include destination? If it does then thats one of the best prices I have seen.