the reason for me posting it is because its the most read thread of the forums.

Question:
I just got an offer from infiniti of manhatten for an m35x 2007:
MSRP = $41,995
$459 a month lease offer before taxes
$995 down for 21 months.
What do u guys think about this?

 

Man, that sounds like a sweet deal. Might jump on that one. You couldn't touch a Lexus GS for that and I bet you won't be able to get in a new G35 for a while near that #...What kind of options?

 

One note...I just saw that the terms of the lease were only 21 mo. How many miles a year does that include? You are looking at a $550/mo (appx.) lease if you roll the up fronts and tax in, so still, not a bad deal, but an awfully short lease term...

 

Do it..that is a pretty good deal.!!

 

why the 21 month lease?

 

not so true... my buddy got an 05 gs300 about 9 months to a year ago for 42 Out the door. fully loaded.


back to topic... great deal but how many miles allowed before penalty?

 

ok.. got the final specs

2007 infiniti m35x
459 a month after taxes with 3.5g's down
infiniti lease
12,000 miles a year and the technology package

 

Well. That changes things a bit. If it is still a 21 month lease, the $3,500 down makes a HUGE difference. That's $166/mo. and then add TTL on top of that. Might be looking at an actual lease # of $650/mo. That's a lot o cash to drop in 21 months and then have nothing to show for it. Try and get that $ down figure to $1000 or lower...At $650, you would be able to come close to buying, not leasing that car.

As for the guy who bought the GS. I never said you couldn't negotiate on price. It's residual and money factor on a lease at Lexus that will sting...

 

well my thinking is this... the money down is coming from the trade-in. 459 a month is kinda cheap after taxes.. and with the technology package added

 

That is not a good way of thinking when considering a lease. You need to consider what is the actual selling price(This needs to be much less than the MSRP for a good deal), the residual value, the money factor, the miles per year and the penalty if you go over those miles, and probably most import is how much money are you putting down on it. If you put $3500 down and then total the car as you drive it off the lot then you have just lost $3500. The insurance company will pay off your lease but they won’t give you back your down payment. I would strongly suggest trying to find a lease with a minimum down payment. In my case it was zero for an 05 G35 MSRP $36200 and my payment is $459 per month for 39 months with 15k miles per year.

 

first and foremost...thanks for everyones advice.

Im not too good at this lease thing, but I cant shake the feeling that this isnt a bad deal. He offered me 3g's for my truck which is in sucky shape.. and i was surprised he offered that much. the selling price is 41,599... so basically the way i see it is.. being that its only a 21 month lease.. and my truck is kind of ****ty.. this could be a pretty good deal.. 12,000 miles a year too
but then again.. u all make a good point

 

Not a good deal in my opinion, not with that much money down. What you need to know are: Money factor, MSRP, Selling price, and residual percent. Until then we cant say for sure. You should also know how to calculate a lese payment based on that information. Until then, you are playing the game "how much will my payment be", which will get yourself screwed.

 

If you know the MSRP, the selling price, and the money factor does it matter what the residual is if you do not plan on keeping the car after the lease is finished?

 

thats what im sayin.. im 22.. makin good money.. i dont wanna keep a car.. lease for as short as possible .. cuz by this time next year i hope to increase income by like 30 percent atleast

 

You can't calculate the lease payment unless you know what the residual is. So, yes it matters. And, the higher the residual, the lower your payments will be.

Residual Value = residual % * MSRP
Adj. Cap. Cost = Sale price - any money down + any fees rolled into lease (all of which are best to be zero)

Lease charge = (Adj. Cap Cost + Residual Value) * Money Factor
Depreciation Charge = (Adj.Cap Cost - Residual Value) / money Factor

Lease payment (before tax) = Lease Charge + Depreciation Charge

If you don't get all the number and can't calculate a lease payment for yourself, you could be in trouble. You are what carnies affectionately call a "Rube"