- #382 of 992
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Just moved to US - any help with my lease welcomed!
by unsurebuyer
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Oct 13, 2006 (11:14 pm)
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Hi, hope you can help - I am a recently moved expat looking for the best leasing options for a new FX.
I am considering leasing from a dealer in Minneapolis, MN for an '06 FX35 AWD, with Tech, Sport, Touring and Hands free, plus cargo mat and dealer delivery; MSRP = 49049.
Less corporate discount 4327.30.
Final price = 44,722.
Too high? What is the dealer invoice price with these options?
I have a 12 month 15000 mile deal, on the table:
$6489 down (includes ttl + registration)
+
11 monthly lease payments of $155 per month.
This appears to be the most cash effective lease option for me (24 months is 7338 down and 423 a month plus a new set of tires - can anyone shed any light? Not sure if this is a good deal or not - I also don't know the MF or residual at this point - but I can find out? I have no credit history due to my recent arrival, hence loading up the equity up front.
My questions:
- Am I paying too much for the car?
- What is the dlr invoice price with these options?
- Does anyone know the October Infiniti buy rate lease MF?
- Any advice?
- Anything else I should be thinking about, or at least asking.
- Good deal or No deal?
- What shoudl I be asking
Really appreciate any comments or feedback.
Thanks
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- #383 of 992
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Final details - 12 month lease
by elansp
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Oct 14, 2006 (1:46 pm)
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Ok here's the details from the Infiniti Financial Svcs sheet:
$ 379.26/month
$ 2000.00 down (paid upfront)was broken out as follows:
$0 security
$379.26 1st month
$7.50 NJ tire fee
$269.00 doc fee
$1344.24 cap cost reduction
Total gross capitalized cost was $41,498.59:
agreed upon price of vehicle : $ 40,294.95 ($100 above carpoint invoice - sticker was $44,010), $385.46 upfront sales tax, TT&R, $268.18, acquisition fee $550.00.
Here was the Internet add:
2006 INFINITI FX35 6CYL AWD
BUY FOR ONLY $37,895* SAVE: $4165 OFF MSRP
LEASE FOR ONLY $349/M0 + TAX FOR 12 MOS**
Engine: V6 Transmission: AUTO
Options: ABS, LEATHER, SUN/MOON ROOF, POWER WINDOWS, LOCKS, ANTENNA, MIRRORS, SEATS. HEATED SEATS. CRUISE/TILT. AM/FM/CASS/CD PLAYER, CELL PHONE, SECURITY SYS ...MORE!
*DEALER DISCOUNT: $4165.00
** Lease: $495 Dwn. Pyt. + $349 1st Mo. Pyt. + $550 Bank Fee + $0 Sec. Dep = $1394 Due At Inception. Total Pyts: $4188 +tax. P/Option At Lease End: $34,489.20. Mileage Allow: 10,000 Mi. Per Yr. 20¢ Per Mi. Thereafter. Lessee Responsible For Excess Wear & Tear.
Prices include all costs to be paid by a consumer excl., lic., reg., & taxes.
Hopefully I got a decent deal...the car is fun to drive but looks to definitely be a gas guzzler...
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- #384 of 992
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Re: Final details - 12 month lease [elansp]
by tkln
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Oct 14, 2006 (5:36 pm)
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Replying to: elansp (Oct 14, 2006 1:46 pm)
May I ask what dealer in NJ this was? I have spoken to a few, but no one had these numbers....thanks!
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- #385 of 992
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Re: Final details - 12 month lease [tkln]
by elansp
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Oct 14, 2006 (5:49 pm)
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Replying to: tkln (Oct 14, 2006 5:36 pm)
Ramsey Infiniti - New Car Specials.
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- #386 of 992
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Re: NY Area for a FX35 AWD - LEASE? [altecbx]
by Car_man HOST
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Oct 15, 2006 (7:11 am)
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Replying to: altecbx (Sep 29, 2006 7:29 pm)
They reason why you need to know the selling price off the vehicle that you want to lease is not so you will know how much it would cost you to buy it at lease-end if you decided to do so. It is important to know the selling price off the vehicle that you want because it has an impact upon your vehicle's monthly lease payment. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. The lower the selling price that you negotiate is, the lower your vehicle's lease payment will be.
Car_man
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- #387 of 992
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Re: Is this a good lease offer???? [oczdreaming]
by Car_man HOST
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Oct 15, 2006 (7:14 am)
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Replying to: oczdreaming (Sep 30, 2006 5:09 pm)
I'm glad to hear that all of your research paid off, oczdreaming. Congratulations on your new ride!
Car_man
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- #388 of 992
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Re: Residual and Money factors from IFS [susangfx]
by Car_man HOST
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Oct 15, 2006 (7:18 am)
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Replying to: susangfx (Oct 01, 2006 5:02 pm)
Here is the information that you are looking for, susangfx. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 FX35 2WD with 12,000 miles per year are .00145 and 56%, respectively. The numbers for an otherwise identical 42 month lease of this vehicle are .00209 and 53%. It does look like the dealer that you are working with is trying to mark up your vehicle's money factor. Keep in mind though that IFS requires its lessees to pay a security deposit at lease signing. If you opt to have your vehicle's security deposit waived, its money factor will be .00015 higher than the ones that I mentioned.
Car_man
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- #389 of 992
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Re: Is this a good deal? [kaliche]
by Car_man HOST
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Oct 15, 2006 (7:21 am)
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Replying to: kaliche (Oct 02, 2006 5:41 pm)
Hi kaliche. It is very important to find out the selling price of the vehicle that you want to lease. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I would be happy to give you my opinion on this deal, but it would be a big help if you would provide me with this vehicle's full MSRP and selling price first. Let me know and I'll tell you what I think.
Car_man
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Prices Paid Forum
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- #390 of 992
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Re: New Dealer Incentive $1500 cash back marketing support [f430]
by Car_man HOST
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Oct 15, 2006 (7:25 am)
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Replying to: f430 (Oct 04, 2006 6:53 am)
Hello f430. The $1,500 dealer cash that Infiniti introduced on the 2006 FX35 in late September is not compatible with Infiniti Financial Services' special lease program. Here is the information about this vehicle's lease program that you are looking for. You never mentioned whether you are interested in a 2WD or AWD FX35 or what mileage allowance you need, so for now I will assume that you want an AWD model with 15,000 miles per year. Let me know if you want something different. Infiniti Financial Services' current buy rate lease money factor and residual value for a 12 month lease of a 2006 Infiniti FX35 AWD with 15,000 miles per year are .00053 and 81%, respectively. The numbers for an otherwise identical 24 month lease are .00129 and 68%. The numbers for an otherwise identical 36 month lease are .00150 and 56%.
Car_man
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- #391 of 992
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Re: How's this deal? [jlindsey]
by Car_man HOST
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Oct 15, 2006 (7:35 am)
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Replying to: jlindsey (Oct 12, 2006 9:11 pm)
Hi jlindsey. When you mentioned that this vehicle's lease rate is 1.5, I assume that you meant that its money factor is .00150. If so, this is right in line with Infiniti Financial Services' current buy rate for a 39 month lease of this model. This is a good sign because it means that the dealer that you are working with is not marking your truck's money factor up. Now let's take a look at the selling price that you were quoted. The truck that you described has a spread of around $3,300 between its full MSRP and dealer invoice price. You are being given only a $900 discount on it. If you are in an area that has a decent level of competition, you should not have much trouble beating this price. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks recently: "Infiniti FX45 / FX35: Prices Paid & Buying Experience".
Car_man
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