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Prices Paid: Buying & Leasing Experiences Infiniti EX35 Lease Questions
226 messages, Last post on Nov 26, 2009 at 7:10 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I am about to pull the trigger on a lease of an EX35 AWD Journey with Premium, Navigation, Technology, Splash Guards, Roof Rails and Cross Rails, Luxe Style Pkg., Cargo Protector (no wood). The MSRP is $45875. The cap cost is $41354. The lease is a 12,000 mi, 39 month lease w/ residual value of 49% and a money factor of .00001. This cap cost is $400 below invoice. Do you think they're giving me the best possible deal?
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I leased a 2008 Infiniti Journey EX35 - full loaded back in September for 39 months. I am VERY unhappy with this car (having had a BMW 3 series previously but was impressed by the design of the EX and the lease price vis-a-vis the X3) and would like some advice on how to break or sell this lease. Can I list this car on lease trader? Does anyone know the actual cost of turning in the car early?
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Replying to: mbwnyny (Mar 03, 2009 7:47 am) The most important thing is to see if you are completely released from liability is you let someone assume the lease. I've done Leasetrade with a Wells Fargo lease and it was a huge pain. I had Wells send me the application and I would forward it to the potential borrowers so I could control how/when everything happened. Most people never filled out the application or sent it back. The people that did send them back often had very bad credit or they would have leased directly from a dealer! If I had it to do all over again, I would have just paid out the lease on our car and been done with it. Your mileage may vary but that was my experience. If the bank does not release you from liability DO NOT let someone assume the lease. If they stop paying you either have to make the payments yourself or your credit will be destroyed as if you still own the lease (which you actually still do!). Hope that helps. My feeling is to tough it out through lease end or see if you can do a trade. Out of curiousity - what are the things about the car that you don't like? We're still considering and haven't really gotten much negative feedback other than size & mileage so I'm curious about your experience. Good luck! Jay |
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Replying to: tjl153 (Feb 27, 2009 5:24 pm) Can I ask what type of monthly payment you were quoted? That looks like a very nice EX. Thanks for your help. Sal |
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Replying to: avtopilot (Jan 12, 2009 2:30 pm) After researching the lease deals of nearly every so called luxury car dealer, and dealers of ordinary cars like Hondas and Jeeps, I have come to the conclusion that "luxury" dealers set the lease price based solely on "what they can get" or what the perception of the car is and how strong their sales are, and the more confident they feel in their ease of sales, the higher the lease price. In other words it has little to do with MSRP vrs invoice or lease factor or residual. Infiniti sells all their cars easily, it is a super popular highly successful brand and they charge a premium for their leases. BMW and Land Rover and Lexus and Audi are exactly the same; they all have terrible lease deals. Ironically, other average brands like Jeep, also have terrible lease deals and try to suck you in by offering an extremely low purchase prices coupled with an extremely high lease price. They justify this discrepancy by blaming it on the bank and the economic crisis. Hogwash, except for GM, they are all selling tons of cars and leases are at an all time high. Whether they are all in a cash rich position, or are benefiting from the bank bailouts, I don't know. I just continue to be amazed at the asking prices and the lease prices and the money people will borrow to get these cars. Why am I looking, good question, I guess I'm hanging around waiting for the prices to come down. |
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| What is the current March incentive and money factor? thanks | |
I have a white 2008 Infiniti AWD Journey EX35 - fully loaded including premium, technology package, navigation, bluetooth, IPOD, roof rails, etc., etc., I leased the car in September 2008 for 39 months with 12000 miles per year. So far, I only have ~2000 miles on the car. The lease payment is only $475 per month. I am in need of getting out of this lease and would like to see about negotiating a transfer. Please let me know if anyone is interested in assuming this lease. I am willing to provide financial incentives. I am located in South Jersey/Philadelphia area.
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Replying to: mbwnyny (Mar 11, 2009 5:13 am) Sal |
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Car_Man, What is a good price for a lease this month? The one I like the best that my dealer can get is an EX35 AWD Journey w/ Premium Package, Roof Rails (and crossbars, I think), Cargo Protector, and Splash Guards. I only 10K mi per year and was told that the 39 mo lease was best (I don't care between 36 and 39 mo). Much appreciated!
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Replying to: lasher30 (Mar 11, 2009 4:45 pm) Is the $5,000 cash to dealer available when you lease as well? 2008 Infiniti EX35 2WD – 3/7/08 24 Month – Residual 67% of MSRP – .00025 Base Rate 36 Month – Residual 56% of MSRP – .00064 Base Rate 48 Month – Residual 46% of MSRP – .00156 Base Rate 60 Month – Residual 34% of MSRP – .00214 Base Rate 2008 Infiniti EX35 Journey 2WD – 3/7/08 24 Month – Residual 63% of MSRP – .00025 Base Rate 36 Month – Residual 52% of MSRP – .00064 Base Rate 48 Month – Residual 43% of MSRP – .00156 Base Rate 60 Month – Residual 32% of MSRP – .00214 Base Rate 2008 Infiniti EX35 AWD – 3/7/08 24 Month – Residual 69% of MSRP – .00049 Base Rate 36 Month – Residual 57% of MSRP – .00101 Base Rate 48 Month – Residual 47% of MSRP – .00171 Base Rate 60 Month – Residual 35% of MSRP – .00213 Base Rate 2008 Infiniti EX35 Journey AWD – 3/7/08 24 Month – Residual 64% of MSRP – .00049 Base Rate 36 Month – Residual 54% of MSRP – .00101 Base Rate 48 Month – Residual 44% of MSRP – .00171 Base Rate 60 Month – Residual 33% of MSRP – .00213 Base Rate Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms |
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