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Infiniti EX35, Car Buying, Car Leasing, Wagon, SUV
#236 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [waltaz]
Jan 07, 2010 (4:28 am)
Hi waltaz. The EX's lease program varies by trim level, term, and mileage allowance. For now, I will assume that you are interested in a 36 month lease of a 2010 EX35 AWD with 15,000 miles per year. Let me know if you want something different.
Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 EX35 AWD with 15,000 miles per year are .00137 and 58%, respectively.
The only cash incentive that Infiniti is currently providing on leases of this truck is $500 loyalty cash, that it sounds like you would qualify for.
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#237 of 397 A FEW TIPS ON LEASING
Jan 07, 2010 (7:17 am)
Even if the advertised cost of a lease stipulates that you will have to put down so much money --- usually with taxes and fees additional --- no leasing company I know of requires you to put down one dollar.
Instead, after you negotiate the sale price of the vehicle --- then consider the residual (60% for an EX-35 2010 10,000 mile vehicle now) and the money factor (interest, found by multiplying by 2400) --- you can decide to roll over all this negotiated price and fees and taxes into monthly payments.
I just did that with the leasing of an EX-35 at a tad above invoice, offered no money whatsoever --- not even first monthly payment---- and signed the lease for 36 months.
Even if you have a trade-in, you do not have to use that money to reduce the monthly payment UNLESS you want to.
I do have a tip: it's worth while to pay the price of wear-and-tear insurance --- which for 36 months and 10,000 miles cost about $830 --- unless you are certain your vehicle will be immaculate when you turn it in.
That insurance covers dings, small dents, and torn leather seats ---- the latter especially vulnerable if you have a dog and let it ride in the car. Otherwise you may face large arbitrary turn-in fees that far exceed the insurance cost. And that cost can also be rolled into the monthly fees. (Whether the insurance cost could be negotiated downward --- probably it could be --- is up to you.. Frankly, I've never understood why people buying a $35,000 - $45,000 or more vehicle fret over two or three hundred dollars . . . must be a matter of gamesmanship.)
Hope these tips help you. By the way, the new EX-35 is a superb vehicle, and my only quibble is that on the worn surfaces of California highways --- even if blacktopped over composite surfaces --- the road noise from the Michelin tires (17 inch) is fairly high.
I had the same trouble with a 2006 Acura MDX with Michelin off-road tires, and switching to Continental tires reduced the road noise by about 30% or so --- noticeably so in any case. That vehicle I bought though. The leased ex-35 is another matter, and I'll wait until 1000 miles or so our on the tires and see whether the new tracking is less noisy. (The ex-35 engine is slightly noisier than the MDX's, but is still decent on that score. And the wind noise is pretty low too, though not the noise from other cars in the lanes near you . . . anyway, as low on that count as I'd like. But all the other qualities of the car are what they have been touted to be . . . so far anyway.)
#238 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [Car_man]
Jan 07, 2010 (7:20 pm)
What are the numbers for a 39-month lease (which they are pushing), and for the RWD version (we don't need AWD here in AZ)? Also, what is the decrease in residual to go with 18K or 20K miles per year?
#239 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [waltaz]
Jan 08, 2010 (2:54 am)
You're very welcome, Walt.
Ohhhh, why don't you just rub my face in the fact that you don't need AWD in your fancy warm place as I sit here and watch the snow come down out my window . I kid, I kid .
Infiniti Financial Services' current buy rate lease money factor and residual value for a 39-month lease of a 2010 EX35 RWD with 15,000 miles per year are .00122 and 55%, respectively.
15,000 miles per year is the highest mileage allowance that IFS publishes residuals for. If you need to drive more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Good luck and let make sure to let us know how everything turns out.
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#240 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [Car_man]
Jan 13, 2010 (11:54 am)
I bought a G37 last month and now the wife is looking at leasing an EX35. The dealer is telling me that the residual on an AWD Journey is 54% (15k, 39mos), claiming it is 4% less than on a non-Journey AWD. Is this correct, or is the dealer trying to recover some profit from the good deal I got last month for the G. Thanks.
#241 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [jonas4]
Jan 13, 2010 (12:56 pm)
The higher priced journey depreciates more than the base because options like nav really tank at resale.
#242 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [jayrider]
Jan 14, 2010 (11:49 am)
BUT, Car Man in post #234 gave the residual for an AWD Journey (39 mos, 10K) at 60%. Going to 15K shouldn't lower the residual 6%.
#243 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [jonas4]
Jan 14, 2010 (12:16 pm)
Models -awd-rwd-10k miles-15k miles-journey-base- 36 month-39 month -- too much for me to comprehend -- ask car_man.
#244 of 397 Re: Jan 2010 Leasing MF and Residuals for EX35 [jonas4]
Jan 15, 2010 (11:01 am)
you are incorrect.
if same car for 39 months 10k give you Residual 60%
then the same car fo 39 months 15k will give you a lower Residual < 60% if you drive a car for 10k a year, and compare to a care that drives 15k a year, of course the 15k will worth less at the end of the year. example 2 used 2008 EX35 fully equip. one has 10k miles on it, and other one has 50k miles on it. which one are you willing to pay more for it? so the residual rate should be right. if you are not sure if the dealer is lying to you? well go to a 2nd deal see what they offer you. you can't have two dealer lying about the same thing with the exact same residual #, and payment.
#245 of 397 Do not want to get taken on this lease
Jan 15, 2010 (6:20 pm)
Any help here will be appreciated.
The lease on my 2006 Infiniti FX 35 is coming to an end this month. I am looking to lease again with Infiniti but I want a lower car payment this time, so I am considering the EX. I would expect I would get a good deal since I would be a repeat lease customer, but I may be wrong.
The car I want is (in Atlanta, GA):
Bose w/Nav Package
39 month lease
15,000 miles/ year
The dealer is offering:
.00122 money factor
I read in a previous post that IFS was offering 55% residual in Jan. Is this residual number standard across all states? Is it up to the dealer to decide this number?
I am not sure exactly how much off of the MSRP they are offering, but the latest monthly payment they quoted me was $539/ month including taxes. I was expecting $515/ month including taxes.....was I expecting too much?