Last post on May 14, 2013 at 4:08 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti JX, Car Buying, Car Leasing, SUV
#177 of 298 Re: January 2013 lease rates [confused2013]
Feb 05, 2013 (9:46 pm)
All 9 security deposits are refundable. Each security deposit is one monthly payment rounded up to the next $50.
A lease consists of 3 components - depreciation, rent charge, and taxes. There is nothing much you can do on depreciation because the residual value is set by the manufacturer. You try to negotiate the best selling price on the car (which is what you should be doing anyways) and that's about all you can do. There is nothing you can do on taxes either.
The usual disadvantage in a lease vs. buy is in the rent charge. The rent charge is calculated by (selling price + residual) x money factor. Let's say your JX has MSRP of $51000 and you negotiated $46000. If you buy you would be financing $46000. If you lease you would be financing close to $76000, based on $46000 + residual of around $30000. That rent charge adds up quite significantly over the term of the lease.
Infiniti's multiple security deposit program allows you to buy down the lease money factor. Each security deposit reduces money factor by 0.0001 and you can do 9. In contrast, other manufacturers have less generous multiple security deposit programs - each payment reduces the money factor by the lesser amount, and you can do less security deposits.
Looking at the JX lease, with 9 security deposits, you can reduce the money factor from 0.00108 to 0.00018. That is pretty amazing as it reduces the interest rate on the rent charge to almost zero (0.43% to be exact)! It's almost as if Infiniti is giving you zero percent interest rate to lease their car.
#178 of 298 Re: January 2013 lease rates [mochiny]
Feb 05, 2013 (10:27 pm)
This is so helpful, thank you!!!
#179 of 298 Re: Negotiating JX Lease - Thoughts on these numbers please [maxwell73]
Feb 10, 2013 (6:23 pm)
Hey Maxwell73 -
You can do much better than this... the residual and money factor are correct but I lost you at the $1,600 due at signing + $3,000 and then a monthly payment of $568 plus tax. What city and state are you using for taxes? Without any additional incentives like USAA or working for an affiliate company you should be looking for $4,500 off MSRP. I just helped someone on a similar car and here is the exact deal based on Westchester County taxes in NY.
I suggest just putting the first month, bank fee and DMV out of pocket. No cap cost reduction and taxes in the monthly payment in case the car gets totaled or stolen. See the breakdown below...
Please take note that there is no $3,000 down and total due at signing is $1,628.20. Also the monthly payment of $530.70 includes the taxes. It's probably about a $4,400 in savings compared to what you are being offered.
Customer Name: Inside Car Buying LLC WD Deal ID: 815
Sale Vehicle: New 2013 INFINITI JX35 AWD 84213 4dr Wgn w/AC , Automatic , Odom: 0
Base Payment 530.70
Total Payment 530.70
Purchase Option 28,551.80
Est. Miles Per Year 12,000
Disposition Fee 395.00
Excess Mileage Charge 0.25
Amount Due at Signing
1st Month Payment 530.70
Acquisition Fee 700.00
Fees & Insurance 397.50
Total Inception Fees 1,628.20
Total Cash Required on Delivery 1,628.20
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 57.16 7.3750 Capped
Upfront Tax 1,521.70 7.3750 Capped
Description Amount Paid
Reg 300.00 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
#181 of 298 New to leasing, looking at JX
Feb 13, 2013 (11:53 am)
Looking to lease JX - pretty much fully loaded.
I have seen mention of the security deposits to buy down the money factor.
a couple of questions here.
1. Would the "security deposits" being one payment (rounded to the nearest 50) be based on the buy rate money factor or the money factor after the buy down?
2. They are refundable? is this written into the lease and i assume retuned at the end of the lease.
also in general "Cap cost" is final negotitaed price correct? before taxes, dmv etc.
#182 of 298 Re: Negotiating JX Lease - Thoughts on these numbers please [insidecarbuy]
Feb 13, 2013 (8:11 pm)
Thanks... this has been helpful for me too. Im getting initial numbers from dealers in Miami and Ft Lauderdale, and they are of course higher than I like to start with.
What is the USAA promo that you mention? I am a USAA member.
#183 of 298 Is my leasing offer good?
Feb 14, 2013 (1:07 pm)
Hi, I went to Infiniti today and they gave me a deal on a lease.
This is my first time leasing a car so I don't know if it is a good deal.
They don't try to give me the actualy price of the vehicle.
Premium Package, Tow Package, AWD, Maple Accents, Cargo Package... etc.
Selling price: ~$48,600
1st month payment: $1000
Monthly Payment: $598 for 39 months
They are also offering free mechanical services for 3 years.
Is this a good deal?
If not, what could make it better?
#184 of 298 Re: Is my leasing offer good? [manlee]
Feb 14, 2013 (6:53 pm)
Manlee, I was quoted $580 for 39 on a fully loaded (premium, Theatre, Tech and touring) jx35 in NY.
#185 of 298 18k lease numbers?
Feb 15, 2013 (10:45 am)
Thanks for all the great info.
Do you have the money factor / residual for a 18k mi 39 mo lease on a jx awd premium?
#186 of 298 Normal Discount off the MSRP
Feb 15, 2013 (12:43 pm)
The packages I am interested in are premium, tow, maple accents, roof rails, splash guards, cargo, and AWD.
In total the MSRP is $50,650
I am trying to lease it but the price $48,155.
That would mean that they discounted $2,495.
First month payment is $1000(including tax, bank fee, documentation, etc)
Every month would be $608 for 38 months
Is there a way I can make a better deal?