Doesn anyone know if the MF is expected to drop for August ? Also a better chance for a deal since the 09's are getting closer ?

 

Also a question to anyone out there 20 or younger that pays for their own car, How did you get the lease ? Im trying to see if theres anyway to get a lease on my own without a cosigner and Im 20. Ive only had a credit history for 2 years as far as credit cards and student loans go... All accounts are in good standing though with no potentially negative accounts.

 

Historically, leases towards the end of the year get worse. I think Sept/Oct are pretty bad. There really isn't a way to anticipate things like this. It's a gamble, sometimes you time it right and win, other times...well you know...

As for the other question. I think for a 20 yr old, you either have to have a steady job or you get a cosigner. Letter from employer might work.

 

With previous auto loan history and two full years on the credit bureau, you should be okay. IFS might stip you for proof of income and residence. BTW, AFAIK, rates and residuals for August will be the same as July. In my experience, once the 2009 models arrive, the 2008 rate and residuals will start to turn against you in addition to selection isn't going to be as widely available either.

 

Any ideas when the 09's are going to arrive? I still have 3 months remaining on my A4 lease and I think I'm going to be screwed for what I'm looking for and the price I'll have to pay for either a 2008 or 2009 (if they're out by then).

I'm looking to lease and would like a near fully loaded one (if I can find it).

Not sure what to do:-(

 

Looks like by the second week of September.

 

a lot of car companies are going to get hit bad in the upcoming months with residuals dropping due to the whole market and economy.... Chrysler is stopping leasing as of Aug 1st.... who know swhat else will happen.

 

Yup, I heard this too. Sad.

 

Who sets the residuals on the cars? Infiniti...Chrysler? Financial institutions? Why are Infiniti's worth 71 - 72% of their value after two years when Fords, Lexus, Porsche, etc are only worth 59 - 65%. There is a statistical significance which no one seems or wants to explain.

Before leasing my G37; Porsche's Cayman S was valued at 67% after two years and the new Ford Mustang GT (500 HP model) was worth 59%. Ford said, we don't people leasing our GT's.

Although this very high residual value (71 - 72%) is great for consumers; it may not be so good for Infiniti. Please explain the possible scenario when hundred's of 2008 G37's hit the auction block in 2010 and selling for $32K (72% value of an MSRP of $44.4; however since dealers like to pay $1 - 2K back of wholesale); the selling price for a 2010 is more like $30K; maybe less. Therefore, who pays the $2000 difference?

 

wow... didnt know that about chrysler....