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Infiniti G35 G37 Lease Questions
3406 messages, Last post on Jul 24, 2008 at 1:51 AM
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Replying to: dwynne (Jul 08, 2007 11:08 am) 2007 Infiniti G35 Sedan 24 Month – Residual 67% of MSRP – .00161 Base Rate 36 Month – Residual 57% of MSRP – .00195 Base Rate 48 Month – Residual 46% of MSRP – .00238 Base Rate 60 Month – Residual 38% of MSRP – .00259 Base Rate This is 15k /yr. How will the residual and Money Factor (MF) change for 18k/year? Basic question - how does the above MF translate it into %? I mean what is the formula? I am planning to put security deposits (SD) to reduce my MF. Is there a situation when I will not get my SD back at the end of the lease. I guess what I am asking is - do we have any fine prints around SDs? Thank you,
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Replying to: searchingfor (Jul 17, 2007 11:45 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ripmaster (Jul 18, 2007 9:23 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mikeoc1 (Jul 18, 2007 10:48 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: searchingfor (Jul 18, 2007 11:12 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: rubicon4 (Jul 21, 2007 7:26 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: rubicon4 (Jul 21, 2007 7:36 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: bmulberry (Jul 25, 2007 5:33 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: searchingfor (Jul 26, 2007 2:19 am) You can convert money factors into approximate interest rate equivalents by multiplying them by 2400. For example, a money factor of .00161 is equivalent to an interest rate of around 3.86%. You will be able to get back all of the security deposits that you made on your lease when you return your vehicle, unless you have to pay an excess mileage or an excess wear and tear penalty. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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hello!-Hope all is well-I've been researching and crunching numbers with various scenarios... I am trying to do the math to make sure I can calculate correctly in case they throw me a curve ball. Can you help me make sure I am calculating correctly? Below I have 2 calcs for a 24month, 10k and 36month, 10k. Financial Proposal w/cash due at signing: Pennsylvania …………………………........…24mos/10K ....VS...............36mos/10K Invoice:……………….....….$33,613 Cap Cost:……………… .....$34,113 ………………………............$34,113 Actual Agreed Value:…...... $34,113...............$34,113 MSRP: ……………….........….$37,455 Residual Value ($):…….$23,879…………...........……………..$20,467 Term:………………………........……24……………………………....................36 Mile Allowance:………….10,000………………………….................10,000 Money Factor (%):…………70%/2400=.000291……...….60%/2400=.00025 Inception Fees include: Acq/bank fee: …….$595 Acq/bank tax:……..$59(est.) Title/Tags/Reg:……$152 Docs:……………….........$0 Tire Tax:………….....….$5 Tax at 9%.................$39……………………....………………$35 Monthly Payment before tax:$442.41………………….......……….…..$392 Car Details: National Invoice: .........$31,221 Premium: ...... $1853 Wood: ... $388 Splash: ... $114 Cargo: .. $37 Total Invoice:……...............$33,613 Thanks in advance everyone for your input. |
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