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Infiniti FX35 / FX50 Lease Questions

1361 messages,  Last post on Nov 29, 2009 at 8:13 PM

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


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#721 of 1361
Potential Lease Deal by bigblue07
Jul 17, 2007 (11:02 am)
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Just got a quote from a local dealer on the following and need to see what some objective folks have to say:
 
2007 FX35
Tech Package
Hands Free
Sport Package
DVD Mobile Entertainment Pkg
Roof Rail Cross Guards
Splash Guards
 
24 Month
12000 miles per year
Monthly payment $528.52
 
Dealer says MSRP is $47,960
total cap cost $ 44,328.51
dealer invoice $43,898
Money Factor .00026
Residual 67%
 
$2800 down
Includes:
1st Month $528.52
Tax $904.00
Luxury and Fuel-Inefficient Surcharge (a NJ tax) $177.00
Registration $334.00
Documentation & Title $249.00
Tire $7.50
Bank Fee $595.00
 
I like the car - can I fight for a better deal? Seems like a lot up front.
#722 of 1361
Re: Potential Lease Deal [bigblue07] by aepheme
Jul 17, 2007 (12:13 pm)
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Replying to: bigblue07 (Jul 17, 2007 11:02 am)

Edmunds gives an invoice of $47,250 for the options you described... RWD, right?
 
Is the dealer tacking an additional ~$750 of various BS protection packages and wheel locks?
 
Otherwise, your residual / money factor / and invoice mark-up look to be about normal. You might be able to beat him down to Invoice, but it's probably not worth the time.
 
What's killing you is the incredible number of taxes! I'm not sure what Jersey law is, but that's a whole lot of taxes and fees. Check with you local DMV and see if they're all required or if the dealership is fleecing you somewhere. In MI, Title is only $15 and there's a 6% sales tax on the monthly payment (~$30 for $500). The $595 bank fee is standard, too (set by IFS). Can't comment on the rest...
#723 of 1361
Re: Potential Lease Deal [bigblue07] by qbrozen
Jul 17, 2007 (5:08 pm)
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Replying to: bigblue07 (Jul 17, 2007 11:02 am)

WEll, how many years registration is that? Its only a 2 year lease. Gotta watch that one. Dealers now give 4-year registrations in NJ.
 
The $249 doc fee is excessive. I've never paid more than $150, and even that is alot.
 
What's with the luxury and gas-guzzler tax? This is an FX35, not a Benz G class. What pricerange does this start at? Our $36k Pacifica didn't get hit with it, and that gets worse mileage.
 
And, finally, why are you paying all the tax up front? In NJ, you get taxed on each payment, so there is no benefit in paying that up front.
#724 of 1361
Re: Potential Lease Deal [qbrozen] by bigblue07
Jul 17, 2007 (6:17 pm)
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Replying to: qbrozen (Jul 17, 2007 5:08 pm)

All fair and astute points - thanks for your thoughtfulness. I will check into the registration term and see if I can negotiate down the $249 doc fee.
 
The "gas guzzler" tax, better known as "Luxury & Fuel Inefficient Vehicle Surcharge" is a legite tax and appears it will apply to me. "Effective July 15, 2006, new car dealerships are responsible for collecting a 0.4% surcharge on the new sale or lease of vehicles priced $45,000 or greater or on vehicles having an EPA rating of less than 19 miles per gallon." This is from the following web page:
 
http://www.nj.gov/njbgs/luxvehs.htm and http://www.state.nj.us/mvc/pdf/Vehicles/luxtaxfaq.pdf
 
The FX35's average MPG is 16 + 21 / 2 = 18.5 which is less than 19MPG. That sucks. As far as the tax is concerned, I'll see if I can get it spread into the individual lease payments. Thanks!!!
#725 of 1361
Re: Potential Lease Deal [bigblue07] by qbrozen
Jul 18, 2007 (6:10 am)
Reply

Replying to: bigblue07 (Jul 17, 2007 6:17 pm)

no problem.
 
And thanks for the tip about that tax. I'll have to keep that in mind if we move up in class when my wife's Pacifica lease is up (I personally want an FX45, which is why I visit this forum ).
#726 of 1361
2 quotes from dealer in los angeles by gameboy213
Jul 19, 2007 (2:24 pm)
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My 06 1 yr lease is up in september and I am looking to renew with an 07 as the 08 is the same just more money..... Here are my quotes. I think they are both pretty good really.
 
07 FX35
2wd
handsfree
splash
sport
tech
touring
 
MSRP: 46,810
Residual: 66.00%
Adjus Cap: 42,096
Money Factor: .00010
 
Drive off: 2,500
monthly: 474.01 +tax= $513.12
 
07 FX 35
AWD
handsfree
cross rails
splash
tech
tour
 
MSRP: 46,560
Res: 67%
Adjust Cap: 41,987.54
Money factor: .00026
 
Drive off: 2,800 (roll my last payment in)
Monthly: 468.70 +tax= $507.37
 
They are both liqplat/graphite
 
Do these sound good? I think I can do better really. thanks
#727 of 1361
Re: Recent lease [aepheme] by fx1to1
Jul 21, 2007 (12:55 pm)
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Replying to: aepheme (Jul 16, 2007 5:01 am)

I'm in AZ and license cost (VLT) is considered a personal property tax based upon 60% of vehicle base MSRP. If anyone is interested, the formula for the license tax in AZ is:
((Base MSRP/100)*0.6)*2.8
Base MSRP on the 2WD FX is $37,800 = $635.04
Here's the other adders:
Registration $8.25
Air Quality Fee $1.50
Title fee $4.00
PRC (recording costs?) $12.00
Just received my tags and the actual total is a little higher than on the docs signed.
 
I do agree that the cost is too high. We're way overtaxed in our state on all things (sales, property, gas, income etc.) it seems. Too bad the apathetic voters don't tell the government they need to operate like a business and not a charitable organization! Never gets cold here so the politicians never put their hands in their own pockets (Writer puts soapbox away...)
#728 of 1361
Anybody know the lease variables for 08 FX35 RWD by fx4me
Jul 23, 2007 (8:47 pm)
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Anybody know what the residual and money factor is for a 2008 FX35 RWD on a 24 month / 12k mile? There's not a lot of 2007 FX35 RWD left in the SF bay area..
 
Thanks
#729 of 1361
08 Residual and Money Factor by gameboy213
Jul 23, 2007 (9:28 pm)
Reply
All I know is it isn't good.... i went with an 07AWD
#730 of 1361
Re: Residual and Money Factor for 2007 2WD FX35 [gatorfan123] by Car_man HOST
Jul 26, 2007 (1:43 am)
Reply

Replying to: gatorfan123 (Jul 10, 2007 5:32 pm)

Here you go, gatorfan123. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti FX35 2WD with 12,000 miles per year are .00010 and 66%, respectively. As you can see, this is right in line with the numbers that you were quoted. The dealer that you are working with is being very straightforward with you. If you end up leasing from them and would like to share your sales experience, make sure to stop by the following section of this site: Edmunds.com Dealer Ratings & Reviews
 
Car_man
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