Thats the deal i got today...
05-09-2008, 11:42 PM
#16
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Excluding the tax and up front fees, your monthy payments should be:
Depreciation Portion
$44030 x 72% = $31,701.
Negotiated price = $41,295
Negotiated Price minus Depreciation = $41,295 - $31,701 = $9595 = $400 per month.
Interest Portion:
Money Factor = % divided by 2400 = 2.93% / 2400 = 0.00122
((MSRPxResidual%)+Negotiated Price) x money factor =
((44,030x72%)+41,295) x .00122 = $89 per month
TOTAL = $400 + $89 = $489 per month.
Sounds like your payment is WAY off unless you are rolling in your tax into the monthly payment. You're at $170 more a month than you are supposed to (if your numbers are right). That's over $4,000 over 24 months.
Depreciation Portion
$44030 x 72% = $31,701.
Negotiated price = $41,295
Negotiated Price minus Depreciation = $41,295 - $31,701 = $9595 = $400 per month.
Interest Portion:
Money Factor = % divided by 2400 = 2.93% / 2400 = 0.00122
((MSRPxResidual%)+Negotiated Price) x money factor =
((44,030x72%)+41,295) x .00122 = $89 per month
TOTAL = $400 + $89 = $489 per month.
Sounds like your payment is WAY off unless you are rolling in your tax into the monthly payment. You're at $170 more a month than you are supposed to (if your numbers are right). That's over $4,000 over 24 months.
05-10-2008, 12:26 AM
#17
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Excluding the tax and up front fees, your monthy payments should be:
Depreciation Portion
$44030 x 72% = $31,701.
Negotiated price = $41,295
Negotiated Price minus Depreciation = $41,295 - $31,701 = $9595 = $400 per month.
Interest Portion:
Money Factor = % divided by 2400 = 2.93% / 2400 = 0.00122
((MSRPxResidual%)+Negotiated Price) x money factor =
((44,030x72%)+41,295) x .00122 = $89 per month
TOTAL = $400 + $89 = $489 per month.
Sounds like your payment is WAY off unless you are rolling in your tax into the monthly payment. You're at $170 more a month than you are supposed to (if your numbers are right). That's over $4,000 over 24 months.
Depreciation Portion
$44030 x 72% = $31,701.
Negotiated price = $41,295
Negotiated Price minus Depreciation = $41,295 - $31,701 = $9595 = $400 per month.
Interest Portion:
Money Factor = % divided by 2400 = 2.93% / 2400 = 0.00122
((MSRPxResidual%)+Negotiated Price) x money factor =
((44,030x72%)+41,295) x .00122 = $89 per month
TOTAL = $400 + $89 = $489 per month.
Sounds like your payment is WAY off unless you are rolling in your tax into the monthly payment. You're at $170 more a month than you are supposed to (if your numbers are right). That's over $4,000 over 24 months.
05-10-2008, 01:15 AM
#19
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Well, your calculation is right, same as from what I understand too. But the 2.93 = 0.00293 I believe. Last month deal from Infiniti, according to LeaseCompare, 24 months has a 0.00194 MF. On LeaseCompare, I was quoted 0.00294 from Bank A. I dont know how I got the MF from the dealer for 0.00293, but I accepted it.
The numbers are correct (from previous post - muscarel); but don't forget to include sales tax in your monthly payment.
Regardless, congrats on your new purchase. There will always be someone who pays less and someone who pays more. If you like the car (sounds like you do) and felt good about the transaction - you're the winner. Since this is your first lease you may have picked up a few pointers for your next lease (which is about 23 months from now).
I too love leases; I leased mine for two years and Infiniti has some great rates, i.e., residuals, money factor, and selling at or near invoice.
Enjoy your new ride and please keep us informed how you modify and upgrade your G37.
Semper Fi
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