My lease deal for IPL
05-04-2011, 07:56 PM
#1
My lease deal for IPL
Hi guys,
i got my car on 4/10, here is my deal
3557 due to sign
628 including tax, gap and dent protection
39 mo lease, 10k per yr
Residual Amount $30,115.70
cap cost $47,450.63
All of my frds said this is a BAD deal, what you guys think?
my background:
Im a first time leaser, without any car finance record, i started using credit card 4 years ago, so i have my credit score at 731
i got my car on 4/10, here is my deal
3557 due to sign
628 including tax, gap and dent protection
39 mo lease, 10k per yr
Residual Amount $30,115.70
cap cost $47,450.63
All of my frds said this is a BAD deal, what you guys think?
my background:
Im a first time leaser, without any car finance record, i started using credit card 4 years ago, so i have my credit score at 731
05-04-2011, 09:20 PM
#2
honestly the gap and dent protection is just wait of money... and to me, if youre going to lease, i think 450 should be the minimum... almost everyone on this forum thats leasing is paying about 400 a month, but thats for a regular coupe and a sedan, im not too sure about the ipl... but yea im paying 405 a month for 39 month and 15k miles a year... but i paid 5000 at sign! you should check with other dealers too. goodluck!
05-05-2011, 02:47 AM
#3
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honestly the gap and dent protection is just wait of money... and to me, if youre going to lease, i think 450 should be the minimum... almost everyone on this forum thats leasing is paying about 400 a month, but thats for a regular coupe and a sedan, im not too sure about the ipl... but yea im paying 405 a month for 39 month and 15k miles a year... but i paid 5000 at sign! you should check with other dealers too. goodluck!
The amount you pay is irrelevant since it varies on the deals of the day.
I'm sure IPLs don't lease well.
05-05-2011, 02:56 AM
#4
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Hi guys,
i got my car on 4/10, here is my deal
3557 due to sign
628 including tax, gap and dent protection
39 mo lease, 10k per yr
Residual Amount $30,115.70
cap cost $47,450.63
All of my frds said this is a BAD deal, what you guys think?
my background:
Im a first time leaser, without any car finance record, i started using credit card 4 years ago, so i have my credit score at 731
i got my car on 4/10, here is my deal
3557 due to sign
628 including tax, gap and dent protection
39 mo lease, 10k per yr
Residual Amount $30,115.70
cap cost $47,450.63
All of my frds said this is a BAD deal, what you guys think?
my background:
Im a first time leaser, without any car finance record, i started using credit card 4 years ago, so i have my credit score at 731
05-05-2011, 12:25 PM
#7
the sales tell me a regular 6mt coupe will be around 530 per month, i know 628 for a infiniti is crazy, but i am first time leaser, will this price become normal a bit? regularly first time leaser doesnt have any special on a lease, right?
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05-05-2011, 12:29 PM
#8
Registered User
i feel 628 is too much for the IPL
05-05-2011, 02:14 PM
#11
Registered Member
iTrader: (13)
Bad deal., I pay $415 for my G37X Coupe car MSRP was 44k, My risidule is 30k. Same terms as you. I put down 2600 and had about 1k of negative to hide.
Plus we almost have the same score, 750
for me.. So the money factor should be the lowest they have.
Plus we almost have the same score, 750
for me.. So the money factor should be the lowest they have.
05-05-2011, 03:57 PM
#12
Well you've learned for your next lease. Make sure you do research on the car you're leasing (i.e. average selling price of the vehicle, residual % and BMF for that month). Calculate the payments yourself and dont let them throw monthly payment and money due at signing #'s at you without breaking everything down. If you let them do that you're sure to get ripped.
05-06-2011, 02:17 AM
#14
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There is no "You pay this much" it's purely math. If they don't want to discount the car or inflate the residual most cars retain less than 50% value.
If you have to pay 20K over 36 months it's math. It's not you should pay $400. A $50000 car doesn't lease for $400 without money down.
So it's not $600 for an Infiniti, it's $600 for a 50K vehicle.
If you have to pay 20K over 36 months it's math. It's not you should pay $400. A $50000 car doesn't lease for $400 without money down.
So it's not $600 for an Infiniti, it's $600 for a 50K vehicle.
05-06-2011, 01:16 PM
#15
Well you've learned for your next lease. Make sure you do research on the car you're leasing (i.e. average selling price of the vehicle, residual % and BMF for that month). Calculate the payments yourself and dont let them throw monthly payment and money due at signing #'s at you without breaking everything down. If you let them do that you're sure to get ripped.
There is no "You pay this much" it's purely math. If they don't want to discount the car or inflate the residual most cars retain less than 50% value.
If you have to pay 20K over 36 months it's math. It's not you should pay $400. A $50000 car doesn't lease for $400 without money down.
So it's not $600 for an Infiniti, it's $600 for a 50K vehicle.
If you have to pay 20K over 36 months it's math. It's not you should pay $400. A $50000 car doesn't lease for $400 without money down.
So it's not $600 for an Infiniti, it's $600 for a 50K vehicle.
