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Infiniti FX35 / FX45 Lease Questions

992 messages,  Last post on Aug 07, 2008 at 10:18 AM

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, Car Leasing, SUV


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#704 of 992
Re: lease rates [bmoney1] by aepheme
Jul 09, 2007 (1:40 pm)
Reply

Replying to: bmoney1 (Jul 07, 2007 7:29 am)

An e-mail today from the Infiniti dealer in Troy, MI gave a first offer of this:
 
2007 FX35 AWD w/ Touring & Misc
MSRP = $42425
Quoted CapCost = $39,483
Invoice = $38,878 (from Edmunds.com)
 
Residual = 67%
Money Factor = 0.00026
Bank Fee = $595
License Fee = $15
MI Tax Rate = 6%
Calculated Monthly = $489
Quoted Monthly = $507
 
Here's how they're making their money:
 
CapCost Mark-up = $605 over invoice
Doc Fee = $199
Monthly Add-on ??? = $18/month
 
I really, really hate dealing with dealerships.
#705 of 992
Re: lease rates [aepheme] by aepheme
Jul 10, 2007 (8:36 am)
Reply

Replying to: aepheme (Jul 09, 2007 1:40 pm)

Oops -- I just realized I calculated this wrong. There is no monthly add-on, the calculated monthly and the dealer monthly match.
 
Also, the above rate is for 12k. -1% Residual for 15k. I can't believe that the residual dropped by 5% in a single month! That's ridiculous!
 
I also received info for the 2008 today. For 24 mos / 12k, the residual is 70%, money factor is 0.00237 (or 5.69% APR) and they expect to get them in August (not late July).
 
I'm bummed. I so wish I had jumped on this deal in June... it was fantastic at that point. The new residual really makes this not nearly as good. I may wait for the 2008, but the high APR makes that not as good either.
 
Argh. So much for an Infiniti.
#706 of 992
Re: lease rates [aepheme] by gatorfan123
Jul 10, 2007 (1:41 pm)
Reply

Replying to: aepheme (Jul 10, 2007 8:36 am)

The dealerships in Florida, according to their websites already have the '08s.
#707 of 992
Residual and Money Factor for 2007 2WD FX35 by gatorfan123
Jul 10, 2007 (6:32 pm)
Reply
Carman,
 
Would you please tell me what the Residual and Money factor is for a 24 month lease and 12k miles for a 2007 FX35 2WD with tech, touring, sports, handsfree?
 
A dealership told me the residual is 66% and MF is .0010.
#708 of 992
Feedback on 2007 FX35 lease by fx4me
Jul 10, 2007 (10:43 pm)
Reply
Do you think this lease is a good deal?
 
2007 FX35 AWD
$529 a month excluding tax
39 months lease
$0 due at signing
$0 security Deposit
10k miles per year
 
Do I need more info or is this good enough to make a decision?
 
Thanks for your comments.
#709 of 992
My Quote by gatorfan123
Jul 11, 2007 (3:54 am)
Reply
2007 FX35 2WD wth sports,tech,touring,handfres,splash guards, cargo mat
 
MSRP: 46,875
Cap Cost: 42,792
Down Payment: 1100 (includes first month payment)
Tax: 6.5%
Monthly payment: ~$519 (exluding tax)
Montly payment: $555.83 (including tax)
Residual: 66%
MF:?
12K miles a year
 
I am still trying to figure out the MF. As I posed above, .0010, seems to high, because when I run it that MF, I end up with a $604
#710 of 992
Lease Program Rates by nauser
Jul 12, 2007 (7:37 am)
Reply
Hi Carman. I have used your posts multiple times to assist in leasing. Thanks for all your work.
 
Quick question. Is there a website where average Joe's can look up lease program rates for Infiniti, Acura, Audi, etc...without having to constantly bug you?
 
With respect,
 
Nauser
#711 of 992
Negotiating by dtambellini
Jul 12, 2007 (11:54 am)
Reply
Hi. I'm in the process of purchasing an FX35 w/touring, cargo, hands free packages. I was quoted a price of $575/mo for 39 months. Here are the details:
mf .00150
residual 54%
no cap cost reduction
only out of pocket is 1st month, and tags
15k miles/year
Selling Price of $40467.62
 
Am I getting a good deal or should I be asking for more? Any thoughts are appreciated.
#712 of 992
Re: Negotiating [dtambellini] by aepheme
Jul 12, 2007 (12:02 pm)
Reply

Replying to: dtambellini (Jul 12, 2007 11:54 am)

That seems a little high. I got a quote the other day for:
 
FX35 w/ Touring, Hands Free, Cross Bars, Splash Guards, and Carog Privacy for...
 
1. MSRP = $42,425
2. CapCost = $39,483
3. Invoice = $38,878
4. MF = 0.00026
5. Residual = 67.00%
6. Per Month = $533.56 inc. 6% sales tax
 
For a 24 month, 12k per year lease.
 
If you're keeping it for 39 months, you should be paying even less.
#713 of 992
Re: Negotiating [dtambellini] by gatorfan123
Jul 12, 2007 (12:35 pm)
Reply

Replying to: dtambellini (Jul 12, 2007 11:54 am)

That's seems very high
 
I just finalized my deal, which I described up. To recap, I am getting a FX35 2WD with tech, touring, sports, handsfree, cargo, splash guards for $555.83 (sales tax at 6.5% included) a month for 24 months at 15k miles per year. My down payment is $1100. Which includes the first month payment.
 
My selling price is $42592 and MSRP is $46,875.
 
Also, I remember with a 39month lease, you more than likely have to replace the tires, break pads, and the 30k miles service, which I hear is quite expensive. When you factor those costs in, the 39 month gets to be quite a bit more expensive.
 
Also, if I made down payment just the 1st month payment, then my monthly payment would be ~$593 (including tax)
 
Just my opinion.

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