bkknight369

Sup all

Ok I've been looking online at how leases work and whatnot, and was just wondering if there are particular dealerships that give better lease money factors than others? I noticed that the car we bought ours from gave us a pretty high rate...so I'm wondering if it varies from bank to bank or is it completly based on your credit rating?

And please no replies about how leases are bad or whatever...

AQUI NO!

Well since the dealer is out to separate you from your money, they will charge you the highest money factor they can come up with. It's ur responsability to haggle them down. (take the money factor and multiply by 2400 to get the equivalent apr they are charging).


a money factor of 0.0043 =10.32%

bkknight369

Yea i understand how money factors work...but I was under the impression that money factors are non-negotiable and actually allocated by the bank that the dealership deals with. Is this true or is my source full of shit and EVERYTHING is negotiable? Anyone have any actual experience with this?

Thanks again

AQUI NO!

ur friend is partially right. The money factor is not negotiable with the bank which allocated it, but different banks may offer different rates. So you should definetely attempt to negotiate the money factor by asking the dealer to check with other banks. You can use www.leasecompare.com to compare rates. Also if the dealer is crooked they may tack on points to the rate for their sole benefit( most likely to be done by used car dealerships).

zamo

Honda Lease Trust uses a money factor around 0.002 on their leases. The hint will be to negotiate a low sale price and a high residual value. Finance the difference applying the money factor so you can figure out your payments.

Also, a $500 dealer fee and $200 tag fee are usually unavoidable inceptions.

AQUI NO!

I forgot to add that the rate will also vary with ur credit score and that leases offered by the manfacturer are usually set in stone.

bkknight369

Ok heres the full deal: im finding out info about the G35, and how much it would cost to lease. I called up carsdirect.com, and they said that infiniti in general has a rate of .00171...which is really cool. Anyway I'm thinking that maybe I should see if a dealership will give me a better price than carsdirect...and I was incredibly amazed at how much difference each option has...with just premium package its arround $350 (for me), but with navi also its arround $400!! $50 difference for a $2000 option

Final question for you fine gentle(people)...what do you think the approximate residual percentage is for a G35? I searched online and couldnt find solid info...I assumed it to be 50% when making my calculations, but I dont know for sure...anyone here do?

Thanks

AQUI NO!

I used to know the exact number, but have since forgotten. The residual varies from 50-56%, depending on the model, with the base model having the highest residual. you can probably get the residual from the infinity website. Just calculate a lease and then divide the residual price by the purchase price.