That I completely forgot to negotiate the money factor for my lease. After running some numbers on Infiniti's Payment Estimator and LeaseCompare.com, I apparently should have monthly payments of anywhere from $60-$100 lower than what was negotiated. This really pisses me off. I'm pretty sure it's too late to do anything about this. Any suggestions?

Thanks.

 

get a better deal next time, how much are you paying and what options does your car have

 

invoke buyers remorse!

 

What did you put down and what are you paying a month?

 

It really doesn't matter and that's not the issue here. I'm fairly sure I got one of the worst deals and will just be made fun of if I post what I'm paying. My question is basically, am I just screwed?

Thanks.

 

we cant tell you if your screwed unless you let us know what your paying and the factor. Work with us here, ok.

 

What's the deal with Americans and their 'money factor'. Seems to me your whole system is designed to be unnecessarily obscure on purpose. It's an interest rate dangit!!! Why not just state it and calculate it as so....it's almost as if they don't want you to have a basis of comparison vs other 'investments' and their interest rates....hmmmm

 

I'd like to know what you paid. I'm probably right around there.

 

You are right, in my opinion. Leases in general are loaded with ways to extract money from your pocket. If they stated things clearly, many people would negotiate more or go elsewhere. It happens with loans also, although with fewer fees it can be somewhat simpler.

If you signed the lease, I doubt there is much you can do, but perhaps one of our more knowledgeable financial people will chime in.

 

Most states have laws where you can back out of a sale within 3 business days; (Right of Rescission) however, this typically only applies to unsolicited sales. You solicited them for the car, so you're going to have a tough time proving that you were pressured into the sale. Definitely check your state laws, it never hurts and you might find a loop hole.

Your best bet is to approach the dealer and let them know that you are dissatisfied with the rate you received. A good dealer may redo your papers at a lower rate (if it's not too late) because they fear that you could be vocal enough for them to lose business or just draw some nasty attention.

In the end, you might find comfort in justifying the rate so you don’t feel like you were “worked.” For instance, just tell yourself that you would rather pay an extra $700 - $1200 a year than to have to waste several hours, days, or even weeks trying to negotiate a better rate.

I’m trying my best to cheer you up.