Good lease deal???

[Yosselle]

Hello all,

I have put a deposit down on what I thought was a good lease deal, but now I'm not so sure. I originally was thinking of a murano or maybe a ford edge (we have access to the ford family plan).

black obsedian with premium, wood, NAV

429/month (without taxes)nothing down10,000 per year (i'm working on getting them to 12,000)500 bank fee160 DMV1st month33,000 price to buy

What do you think?

I'm new to leasing....thanks!!!

[cjre1]

With those numbers, I would of bought the car. They will get you in the end with the miles. 10,000 miles is not much at all. Unless if you drive a little. I think you have to pay like .49 a mile.

Did you do the math to see how much it is to buy vs. lease. I never lease, because I think that they are a waste of money and you mostly lose at the end.

When you turn in the car, they will get you for tires, service, dents, dings, etc.

Look at it this way, a lease is like renting, once your lease it up and you paid $15,444 (429.00 a month X 36months), hell $15K more, you could of bought the car. So now you turn it in and get another lease, say for the same amount, so in 6 years you leased two cars and paid over $30K. You could of had your own car with title. If you sold it, you would of gotten say $15K back, so bassically you could of gotten this car for $15K and had 6 years on it. Get it.

I could give you other reasons, but you have to do what you feel comfortable with.

Let us know what you chose.

[Yosselle]

I seriously thought about buying it, but it is still a lot of money. MY wife and I both have a lot of student loans, and she is against the idea of being in a bit more debt.

The other thing is that we have one kid now and will have more in the near future, so in 3 years from now we may want more of a true "family" car.

Is it usually a lot more in the end to buy the residual at the end of the lease than to just buy it now? Any idea if this lease price is good?

Thanks!!

[mbrokerny]

what dealer are you getting that quote from? How much is the monthly with tax?

[cjre1]

I understand what you mean. My wife and I have two college loans too. Hell, once in debt whats more in debt with a car that we wanted.

I feel bad that when people lease it is like renting a car and is a waste of money. If you buy the car, then you have value in the car. Infiniti holds there value well. I like getting the title and then knowing that I have value when I want to sell it or trade it in.

[dividedhighw]

A hearty NY Welcome to NICO, mbrokerny & Yosselle!!

(Sorry - being Canadian, I can't comment on the deal.)

Cheers,David

[gloa2000]

With those numbers, I would of bought the car. They will get you in the end with the miles. 10,000 miles is not much at all. Unless if you drive a little. I think you have to pay like .49 a mile.

Infiniti charges $0.20/per mile.

and Yosselle, FYI, infiniti Residual value per 10k/12k/15k is only 1% so it shouldn't affect your payments as other brands, so if you are not sure how many miles you are going to drive, sign for 15k/yr, for overchaged mileage sake. I have Infiniti lease program with me so i can find out what will be the best payment you can get out of them. If you are also considering Murano, i think you should go out test drive both cars before making your decision, the lease payments/purchase options based on equally loaded are very identical so make sure you drive both and think about the usage of the vehicle before you make your mind.

If you dont mind tell me the MSRP of the EX you are getting for best calculation...

[gloa2000]

Hello all,

I have put a deposit down on what I thought was a good lease deal, but now I'm not so sure. I originally was thinking of a murano or maybe a ford edge (we have access to the ford family plan).

black obsedian with premium, wood, NAV

429/month (without taxes)nothing down10,000 per year (i'm working on getting them to 12,000)500 bank fee160 DMV1st month33,000 price to buy

What do you think?

I'm new to leasing....thanks!!!

its hard for me to give you 100% accurate payment unless i do not know the MSRP/INVOICE of the vehicle but i guess you are getting a good deal, I am not saying paying $429 plus tax per month is cheap, i mean they are not making much money leasing it to you. i bet the lease term is 42 mos. not 36 mos, you get cheaper payment if the term is longer but anything more than 42 month is a bad lease(I personally think 42 mos is too long also) they might have a room to get you 12k/yr but as i said i need MSRP/INVOICE for perfect calculation, FYI, im paying $572/mos x 72 on my $42k MSRP EX. In my opinion, buying was smarter than leasing on this vehicle since EX lease factor was bad that time when i bought mine.

[gloa2000]

I understand what you mean. My wife and I have two college loans too. Hell, once in debt whats more in debt with a car that we wanted.

I feel bad that when people lease it is like renting a car and is a waste of money. If you buy the car, then you have value in the car. Infiniti holds there value well. I like getting the title and then knowing that I have value when I want to sell it or trade it in.

let me be honest with you cjre1, im in a car business and Infiniti does not hold their values well, and Leasing is Not actually wasting money since, you are not buying the whole car, less money being financed therefore, less interest plus Infiniti offers the best money factor(rent charge/interest) for an EX. Infiniti EX offers around 45% of MSRP as their Residual value after 39mos of leasing(Driving 15k/yr), trust me, our EX will not have near 45% of MSRP when we decide to sell our EX after 39 mos.

[cjre1]

I bought my EX straight out cash. MSRP was $42,500. I got it for $32,500, plus Tax, lic and fee.

[ayap888]

Hello all,

I have put a deposit down on what I thought was a good lease deal, but now I'm not so sure. I originally was thinking of a murano or maybe a ford edge (we have access to the ford family plan).

black obsedian with premium, wood, NAV

429/month (without taxes)nothing down10,000 per year (i'm working on getting them to 12,000)500 bank fee160 DMV1st month33,000 price to buy

What do you think?

I'm new to leasing....thanks!!!

So with $500 + $160 + $430, that's about $1,090 down. Now, $429 with taxes (maybe $18) could translate to $447/month.

OK, mine is $1,700 down or $610 more than yours, but I'm paying $415/month (already including the taxes). So mine was actually $734 cheaper. Without the taxes, mine would be around $398/month.

[cjre1]

Not many cas hold their value at all. I still think Infiniti is one strong built car. Lease or not, once you buy any car and drive it off the lot, the value just decreased by a lot. I owned many types of cars and worked for several dealers. I know that some are worst than others, however, over all a lease is only good if you drive a little and will mantain your car. Over all, a lease in my mind is like renting a car for life. I buy all my cars and keep them for 7+ years then trade them in for a new car. So basically for 3, 4 or more years, I am sving money by not leasing and actually owning a car. Only my opinion. Not shooting down leases at all, but when I sold cars, I hint to the buyers that buying is better for them, not the dealer. SHHHHH, no one knows this........