- #41 of 1367
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Re: FX35 AWD Lease - Southern Cal [kyfdx]
by exaudiowner
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Oct 20, 2005 (10:50 am)
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Replying to: kyfdx (Oct 20, 2005 2:18 am)
lol man 39 month lease is waste i love how no one listens to me... they pitch it for a reason guys. Use your common sense. If it's too good to be true it is.
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- #42 of 1367
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Leasing the FX35 with negative equity....HELP!
by kprice2
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Oct 20, 2005 (10:57 am)
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I am in the market for leasing the FX 35 as well and I've done my research and read these posts (which have been very helpful) but I'm hoping someone could offer advice to me about getting into a lease with negative equity.
Unfortunately, I'm about $2500 in negative equity with my current car so I'm not sure how to approach leasing this vehicle considering all the info on this board. How do I not put any money down (which is frowned upon in leasing) knowing that I have negative equity? Can I even do that? How do I get rid of the neg. equity without putting down a substantial amount of money? I was told to look for leases that offer rebates and incentives to knock out my equity but I'm finding this rarely ever happens!
Help! Any suggestions? Car_Man what do you recommend?
Thanks!
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- #43 of 1367
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Re: Leasing the FX35 with negative equity....HELP! [kprice2]
by exaudiowner
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Oct 22, 2005 (5:18 am)
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Replying to: kprice2 (Oct 20, 2005 10:57 am)
hey kprice.... negative equity... so your about $2500 upsidedown right now. Are you currently financing or leasing? Best way without rebates to lower that $2500 is to try and sell the car for more than it is residualized for (if u are leasing it.) How do I not put any money down (which is frowned upon in leasing) knowing that I have negative equity you ask? Well first off not putting any money down IS NOT frowned upon. Tell the dealer you don't want to put any money down... just inception fees (i.e. acquisition fee, doc fees, first months payment etc etc). In most cases putting money down turns out to be a waste. Roughly every $1000 you put down you lower your lease payment $30/mo. Thats $360 a year $1080 over the life of the lease. Well that $1000 now is worth more than $1080 in 3 years... my suggestion, unless its really really worth it dont put extra money down. All you are doing is fudging the numbers of your monthly payment by throwing $ at it.... hope this helps!
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- #44 of 1367
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Re: Leasing the FX35 with negative equity....HELP! [exaudiowner]
by kprice2
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Oct 24, 2005 (9:07 am)
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Replying to: exaudiowner (Oct 22, 2005 5:18 am)
Thanks for your help exaudiowner! I am actually currently financing not leasing so with that in mind, what do you suggest? (the other recommendation you gave was for leasing...)
I'm dying to lease a GX or FX 35 but I don't want a $450 plus monthly payment because of my negative equity. I would love to utilize the current deal they have right now but don't know how the negative equity would affect those numbers.
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- #45 of 1367
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fx35 [Car_man]
by golfdude1
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Oct 25, 2005 (10:04 am)
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Replying to: Car_man (Oct 19, 2005 2:26 am)
Car_man, I wonder if you can see if this deal is good or bad.
FX-35
AWD
Touring pkg.
24 months
cap cost $38,100
residual 70%
money factor .00205
acq fee $550 cannot waive
36 months
cap cost $38,100
residual 60%
money factor .00155
acq fee $550 cannot waive
Does this sounds like a little too much?
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- #46 of 1367
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Re: Leasing the FX35 with negative equity....HELP! [kprice2]
by exaudiowner
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Oct 26, 2005 (6:07 am)
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Replying to: kprice2 (Oct 24, 2005 9:07 am)
kprice you are saying after you sell your car you will be $2500 out of pocket i.e. you owe on $12500 on your car and you sell it for $10000 (fair market value)? Are you looking to purchase or lease the fx35? My best piece of advice is if you already own your home and other assets and you don't like to hold on to your cars for long I would lease. Almost all cars are depreciating assets... there are a few exceptions. Infiniti is running some great lease deals on the fx35. I just bought a condo and own a home elsewhere... I would rather sink my $ in to those properties and get better return out of them than take a huge chance on perhaps getting my equity back on a purchase of a vehicle. Buy land cause god isnt making any more of it! 
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- #47 of 1367
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Re: fx35 [golfdude1]
by exaudiowner
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Oct 26, 2005 (6:09 am)
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Replying to: golfdude1 (Oct 25, 2005 10:04 am)
good residiuals... money factor on the 36 month is too high they can lower it to .0011 I just got a lease with a money factor of .0011 through IFS so if you have a 700+ credit score you can too... Whats the msrp on that vehicle, $38,100? If so, haggle the dealer for a few extra thousand off the price of the car. MSRP is just that.. suggested. It even says on Infiniti's web page that prices are set by your dealer.
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- #48 of 1367
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Re: fx35 [exaudiowner]
by golfdude1
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Oct 27, 2005 (4:46 pm)
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Replying to: exaudiowner (Oct 26, 2005 6:09 am)
The msrp is 40,400 but it's too high for me. I do have score above 700. Does that matter much?
I'm working with another dealership for another quote. So far, I got a quote for FX-35, RWD, touring & technology package for $39,364, MSRP is $43260. If I want to lease for 24 months, what do you think will be a good payment? I want to put nothing down.
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- #49 of 1367
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lease calculation on FX35 with touring
by rocco50
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Oct 27, 2005 (9:44 pm)
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Guys, please let me know if my lease pmt calculation is correct. I used a selling price of 35,500 (is it unrealistic?) with zero down. Also, i live in the state of New Jersey, and I included the tax in the net cap cost caluclation, is this right? Did I miss / over-include any fees?
INFINITI W/ TOURING
Money Factor 0.0015
Residual Percentage 0.6
Term 39
MSRP 40110
Selling Price 35500
Cap Reduction 0
Add-on Fees 55 Doc Fee
Tax 790 5% * Pmts over Term
Net Cap Cost 36345
Residual 24066 MSRP * Residual %
Total Depreciation 12279
Depreciation Fee 314.84 Total Depreciation / Term
Finance Fee 90.61 (Net Cap Cost + Residual) * MF
Monthly Pmt 405.46 Sum of Depreciation and Finance
License Fee 349
Bank Fee 550
First Pmt 405.46
Cash on Delivery 1304.46
Thank you in advance,
Alex
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- #50 of 1367
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Re: fx35 [golfdude1]
by exaudiowner
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Oct 27, 2005 (9:47 pm)
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Replying to: golfdude1 (Oct 27, 2005 4:46 pm)
as long as your credit score is above 700 they cant say you have bad or average credit and try to increase your money factor. Someone with a 700+ is considered to have good credit. I am paying 550 something a month for an AWD not RWD, has tech touring and sport packages. This is for a 36 month lease, tax an all of that wonderful stuff included. I put down $1000 which was my first months lease payment and the rest i let them figure out how they wanted to shift the money around to cover the acquisition fee etc. Im guessing it shouldnt be too much more than $550 a month. It would be like $640-670, however it is RWD not AWD and it doesnt have the sport package. Money factor for my 36 month was .0011. Yours shouldn't be too much diff. Read my previous posts on how to get the best deal on price from a car dealer. Learn how to play their games!
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