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Prices Paid: Buying & Leasing Experiences Infiniti FX35 / FX50 Lease Questions
1369 messages, Last post on Dec 06, 2009 at 9:53 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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2009 FX35 AWD MSRP - $51,435 (includes Premium, NAV, Deluxe touring, cargo carrier, splash guards) Base Cap cost (invoice) $47,055 subtract $1,500 (down payment) and 2k loyalty. Monthly $600 (39 month term, 10k miles per year) Residual 52% Money factor .00091 LA County tax of 9.25% Thoughts? I thought the monthly was a bit high.
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Replying to: jayrandall (Apr 21, 2009 11:52 am) Check yourself here http://www.leaseguide.com/calc.htm Also here is the formula for a lease Lease Payment Calculation Formula: (Cap Cost – Residual Value) / Term = Depreciation (Cap Cost + Residual Value) X Base Rate = Interest Depreciation + Interest = Base Monthly Payment Terms Used in Lease Formula: CAP COST = Vehicle Purchase Price (amount financed) RESIDUAL VALUE = MSRP (window sticker) X Residual % TERM = Length of Lease in Months (3 years = 36 months) $600/month is too much. |
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Replying to: jayrandall (Apr 21, 2009 11:52 am)
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Replying to: eoseire (Apr 22, 2009 3:36 am)
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Hi, I am looking to lease an fx 35 with a couple weeks; i have receievd 2 offers can you let me know if it is a good deal? 2009 Infiniti FX Umbria Twilight / Graphite Premium Package Navigation Deluxe Touring Package Splash guards Roof Rails 5000 total due at signing 15,000 miles / year 569 / month 42 months. Deal #2 Umbria Twilight Graphite interior Premium Package Navigation Package Luxe touring package Splash guards Your price $50,000 39 month lease 15,000 miles / year 5,000 down at signing =625 thanks. |
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Replying to: eoseire (Apr 22, 2009 3:36 am) And you didn't even list the correct terms (it's 39 not 36) although I realize this would only further reduce the monthly in your scenario. By the way, who could possibly follow your Formulas ... too confusing. |
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Replying to: eoseire (Apr 22, 2009 3:42 am) The $1,500 is my first payment ($600), and the acquistion fee ($565) .... the balance ($335) is part of the cap cost reduction which brings that amount to $2,335. (Not 2k + 1,500 as I initially listed). Now the numbers 'work'. With LA county sales tax at 9.25%, my total shows $600 per month. RIGHT?
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Replying to: jayrandall (Apr 22, 2009 11:43 am) Firstly I never said you were off by $100. I said either $59.75 or $15.73 a month depending on what the $1500 was doing to the cap cost. The formula is basic math. The 36 months reference is just as an example. I would have thought that obvious. Here the formula in action based on the new info you provided Cap cost= 47055 - 2000 - 335= 44720 Residual Value = 51435 x 0.52 = 26,746.20 Depreciation = (44720 - 26,746.20) / 39 = 460.87 Interest = (44720 + 26,746.20) x .00091 = 65.04 Base Monthly Payment = 460.87 +65.04 = 525.91 LA County tax = 525.91 x .0925 = 48.65 Total = 525.91 + 48.65 = 574.56 This is not rocket science. I was only trying to help you out. Didn't want to see you get ripped off and using the faulty info you originally gave you were! I ran the new numbers through the website calculator and got exactly the same number as above. If you don't you're doing something wrong. By the way that calculator is buggy. If you go back a step and then forward again it doesn't always give the correct result. You have to go forward step by step to then end without stopping to get an accurate result. So if you want to pay an extra $992.16 over the life of your lease by all means pay $600/ month. I'm sure the dealer will be happy.
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Replying to: eoseire (Apr 22, 2009 7:26 pm) He went on to say that he is making 'almost nothing' on the deal. And according to another dealer whom I cross referenced my numbers with (Santa Monica Infiniti), they also confirmed that my offer was solid and they could not do any better either. So unless you are speaking to me as a dealer, somewhere your numbers are slightly off. Maybe my dealer is taking a small profit (less than $350) and he isn't disclosing it to me, but according to him the offer will not get any better. Are you a dealer?
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Replying to: jayrandall (Apr 23, 2009 7:14 am) The MF and Residuals you have are correct as I got the same number from my dealer in NY. I suspect your missing some numbers such as the destination charge because when I spec'd the car as you describe on Edmunds I get a MSRP of $51820 plus. an $865 destination fee. Ask him does the MSRP included the Destination Fee. Also are there document fees, DMV etc. He might be rolling these into your payment. Tell him you're just trying to understand the numbers. Be polite about it. I think the deal seems good if you missed the destination fee and any other fees. I get $582.08 if you add the $865 destination fee into the payment. You mention an acquisition fee of $565 which I guess is the Bank Fee. That's normally $595 in my experience. You need ever number documented in order to figure these things out. Tell you just want to understand it all as it's a lot of money especially in this economy. Good luck.
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