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Infiniti FX35 / FX50 Lease Questions

1364 messages,  Last post on Dec 01, 2009 at 5:09 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Infiniti FX35, Infiniti FX45, Infiniti FX50, Car Leasing, SUV


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#1215 of 1364
Re: Fx35 April lease numbers [Car_man] by hbo1ny
Apr 02, 2009 (5:32 am)
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Replying to: Car_man (Apr 02, 2009 2:14 am)

Those are the numbers for March. Are you saying they didn't change for April? I thought the lease programs usually go through significant changes on a quarterly basis.
#1216 of 1364
Re: Is this any good? [jxlxr] by sgillmore
Apr 03, 2009 (6:28 am)
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Replying to: jxlxr (Mar 23, 2009 8:50 am)

Okay, here is an update on this situation, and looking for more advice.
 
Ended up doing this, going to new york and getting the following deal (bear in mind I'm a VA resident)
 
FX 35 AWD with all 5 packages
 
- Tech
- Nav
- Delux
- Premium
- DVD
 
final price was about 57k
 
Lease deal WITH 2k loyalty credit
 
- 662 a month
- 662 due at signing
- 39 months
- 15 miles
 
So I think this was a pretty good deal. Here is the funny part.
 
Got a call yesterday from the dealer, saying infinite leasing rejected wrapping the VA taxes into the lease, or something like that, basically saying, that in VA, the taxes have to be paid up front. This doesn't make sense to me.
 
Does anyone know if that's possible? So now the dealer, after everything is done is trying to get me to pay the taxes, 2.6k and claiming they can drop the lease rougly 30 dollars a month, from 662 to 630. That general seems to low to me anyway as doing my math they would need to drop the lease payment more like 60 - 70 dollars.
 
Anyway, the question is:
 
- Is there any truth to having to pay the taxes up front in VA?
 
Simon
#1217 of 1364
Upstate NY by funtodrive1
Apr 03, 2009 (6:43 am)
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Hi All,
 
Any idea on what the April program is like compared to March ? What are the new 36/39 rates/ residuals for the lower mileage leases ? Im debating a FX35 with the premium package and am a current inifiniti lessee, but im unsure what my target cap should be. Im hoping the deal got better than what I have read from last months since their sales were down yet again !
 
Thanks for any help !
#1218 of 1364
FX50--need info. by calease
Apr 03, 2009 (10:15 am)
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What's the deal with lease rates on the FX50 in southern california? There are a few dealers who have them in stock, but they are pretty hard nosed about dealing. What are the money factors and residuals? I understand that I can get a pretty good deal on an FX35, but I want an FX50. Any help would be appreciated!!
#1219 of 1364
Re: Is this any good? [sgillmore] by jayrandall
Apr 03, 2009 (11:38 am)
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Replying to: sgillmore (Apr 03, 2009 6:28 am)

It's very possible that paying taxes up front in VA is accurate. Illinois state has this law too. Better to ease in California if you have an address there.
#1220 of 1364
Re: Is this any good? [sgillmore] by jxlxr
Apr 03, 2009 (5:49 pm)
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Replying to: sgillmore (Apr 03, 2009 6:28 am)

Virginia makes you pay the taxes on a leased vehicle upfront and on the entire purchase price. So the 5% tax would be on the 50k+, not just the portion of the car that is used which is common in many states. I would check on the amount they are talking about backing out as you stated that they are saying they will reduce the amount by $30 dollars. It sounds like they may have missed calculated and figured the sales tax on just the dollar amount you are using which in this case is 50% percent of the car (based on a 50% residual). If they did that then the sales tax would have been half of what you really need to pay.
 
Otherwise the deal looks good. I estimated some numbers based on what you said and came up with the following:
 
Sticker Price 57000
Cap Cost 51000
Residual Rate 0.5
Residual value 28500
Term (months) 39
Depreciation 576.92
Money Factor 0.00091
Monthly Interest 72.35

Payment 649.27
#1221 of 1364
You CAN wrap the taxes in... by sgillmore
Apr 03, 2009 (8:57 pm)
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okay so I spoke with the local Infiniti dealer here in va and they said 100% in no uncertain terms you CAN wrap the tax payment up into the lease in VA. So who's right?
#1222 of 1364
Re: You CAN wrap the taxes in... [sgillmore] by kyfdx HOST
Apr 04, 2009 (6:32 am)
Reply

Replying to: sgillmore (Apr 03, 2009 8:57 pm)

The taxes are paid upfront in VA, but you can always add them to the CAP cost, instead of paying them in a lump sum.
 
However, isn't the tax rate on vehicles something like 3.17% in VA?
 
regards,
kyfdx
Host-Prices Paid Forums
#1223 of 1364
Re: You CAN wrap the taxes in... [kyfdx] by sgillmore
Apr 04, 2009 (8:28 am)
Reply

Replying to: kyfdx (Apr 04, 2009 6:32 am)

Okay so if that's the axe couldn't the by dealer do that then? What am I missing?
 
- Simon
#1224 of 1364
Re: You CAN wrap the taxes in... [kyfdx] by jxlxr
Apr 04, 2009 (8:32 am)
Reply

Replying to: kyfdx (Apr 04, 2009 6:32 am)

Yes, that tax is actually 3% on autos.
 
The VA dealer is correct, while you do have to pay the tax upfront, nothing is stopping you from financing it by capitalizing it in the lease. It is no different than many leases that add the bank fee back into the cap cost to get that true no down payment lease.

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