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Infiniti FX35 / FX50 Lease Questions

1690 messages,  Last post on May 18, 2013 at 11:55 AM

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

Messages Page 148 of 170

#1464 of 1690 Re: Buy Rate [kjc1334] by Car_man HOST

Jun 08, 2010 (3:20 am)

Replying to: kjc1334 (May 29, 2010 9:42 pm)
Hi kjc1334. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 FX35 AWD with 15,000 miles per year are .00079 and 51%, respectively for consumers who qualify for its top credit tier.
 
I personally always insist that the dealer use the buy rate to calculate my vehicle's monthly payment. If the first dealer that I shop with won't do so, I tell them that I'm going to switch to a dealer that will. That usually solves the problem.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1465 of 1690 Re: 2010 FX35 AWD w/Premium [scottrl] by Car_man HOST

Jun 08, 2010 (3:25 am)

Replying to: scottrl (Jun 02, 2010 10:42 am)
Here's the latest on Infiniti's lease program for this model, scottrl.
 
Infiniti Financial Services' June buy rate lease money factor and residual value for a 39 month lease of a 2010 FX35 AWD with 10,000 miles per year are .00079 and 53%, respectively.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1466 of 1690 Re: 2010 FX35 AWD w/Premium [scottrl] by Car_man HOST

Jun 08, 2010 (3:25 am)

Replying to: scottrl (Jun 07, 2010 7:35 pm)
Hello scottrl. Please see my previous post for the information that you're looking for.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1467 of 1690 Re: 2010 FX35 AWD w/Premium [Car_man] by grossie

Jun 09, 2010 (4:53 pm)

Replying to: Car_man (Jun 08, 2010 3:25 am)
Hi CarMan-
 
I'm told that the June residual & mf on the FX35AWD for 39mos/10k are 52% & 0.00092, not 53% & 0.00079
 
Could this be true? The guy who told me is a manager of a dealership whom I trust, I've dealt with him twice before with good results. This difference costs me about $30-$35 per month over the course of my lease, not enough to break my bank, but enough to anger me very slightly!
 
Thanks!

#1468 of 1690 Re: 2010 FX35 AWD w/Premium [grossie] by Car_man HOST

Jun 10, 2010 (2:30 am)

Replying to: grossie (Jun 09, 2010 4:53 pm)
My apologies, grossie. The numbers that I mentioned are for 36 months, not 39. The 39 month numbers that you mentioned are correct. Sorry for the confusion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1469 of 1690 Re: 2010 FX35 AWD w/Premium [Car_man] by grossie

Jun 10, 2010 (11:18 am)

Replying to: Car_man (Jun 10, 2010 2:30 am)
thanks!

#1470 of 1690 Leased a new 2010 FX50! by blastphemy

Jun 20, 2010 (9:43 am)

Replying to: Car_man (Apr 05, 2010 3:42 am)
My wife and I just leased an FX50 w/Tech pkg, NO Sport pkg, illuminated kick plates, splash guards, first aid kit, rear bumper protector, cargo area organizer, and vehicle alarm impact sensor; Black Obsidian exterior with Wheat interior.
 
MSRP was $63,850.
Invoice was $58,675.
Received $1,000 in loyalty cash.
Money Factor was 0.00085 (2.04%)
Residual Value for 36 months at 15,000 miles annually was 48%.
Lease Acquisition fee was $595.
Registration/DMV Fees were $798.
Dealer Document Prep Fee was $45.
Basic LoJack was $695.
 
I should note we cheated a little bit by using the VPP program (www.insidenissan.com), so we didn't really negotiate anything other than our trade-in. But to our frustration we did have to set the dealer straight on the money factor (which Miller Infiniti in Van Nuys initially quoted as 0.0021 - NOT!)
 
The dealership also initially quoted 50% for residual value, failing to mention that it was for 10,000 miles per year, so that was a bit of a bait-and-switch. Also, the dealer gave us $4,000 for our trade-in, but then wound up applying it to title, registration, acquisition fee, etc. instead of using 100% of it to adjust the cap cost (meaning the monthly payment didn't match what I had calculated online).
 
Once we got all that nonsense sorted out (choosing to pay DMV fees, first lease payment, and the like with a separate check so that the $4,000 would bring the adjusted cap cost to $54,322.30), we wound up with a monthly payment of $801.

#1471 of 1690 Gap insurance? Closed vs. Open lease? by blastphemy

Jun 21, 2010 (6:40 pm)

Replying to: blastphemy (Jun 20, 2010 9:43 am)
My insurance agent asked me if I wanted to purchase gap insurance on my leased FX50. I tried to find out online if I needed this, and only managed to confuse myself!
 
I came across terms like "closed-ended lease" (which seemed to mean even if the car is worth less than the agreed-upon residual value, I can turn it in at the end with no penalty) and "open-ended lease" (which meant the lessee would have to pay the difference between the agreed-upon residual value and actual residual value when the car is turned in at the end). But I couldn't find out how to determine which one my lease contract was.
 
Also, neither answered the main question posed by my insurance agent: if the car is totaled before the end of the lease period, what happens if I don't have gap insurance? (If the insurance company determines the car's depreciated market value at the time of the accident was less than I owed the lessor at that time, does the insurance company only pay its calculated amount to the lessor and I'd be required to pay the difference?)
 
Thank you everyone for any clarification and advice you can provide!

#1472 of 1690 Re: Gap insurance? Closed vs. Open lease? [blastphemy] by grossie

Jun 21, 2010 (6:56 pm)

Replying to: blastphemy (Jun 21, 2010 6:40 pm)
You'll have to check with the dealer. In Illinois gap insurance is covered automatically. Most leases are closed-ended, I'd be shocked if it was otherwise.

#1473 of 1690 My Deal by grossie

Jun 21, 2010 (7:24 pm)

Giving back to the forums:
 
I closed my deal today at Fields in Glencoe, Illinois. Basically I got the fx35 awd premium at invoice(minus the $1000 loyalty bonus). 52%, 0.00092, 39mos/10k miles. The way the $1000 came off was after the state tax was computed. Easy deal, great people to deal with.
 
I've actually had the car since last Wednesday (some paperwork issues to deal with that only got sorted out today), and I love it. Biggest pluses vs my 08 model are: better audio (by far), much faster out of the gate, nicer driving feel, great cooled seats (key in the summer in Chicago), aux cable for radio (been listening to Pandora off my BB). Biggest minuses are that while it's slightly longer on the exterior the cabin is actually slightly smaller for all parties (front, rear, cargo), and sightlines aren't quite as good as my 08, but maybe I need to get used to that. Price went up quite a bit over the last couple of years, so I guess that's a negative too.

Messages Page 148 of 170

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