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You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti M45, Infiniti M35, Sedan
#434 of 1339 Does this lease offer make sense?
Jun 08, 2006 (6:38 pm)
Not sure whether to post this here or on "lease questions", so leaving it on both. Please ignore one if same lease experts are monitoring both.
Journey and Tech
Deal complicated by my still having 3 remaining payments (of $567) on 2004 BMW lease and have used up my allotted miles, so I'd pay about $200/month for each of 3 remaining months of driving, if I kept that car until 9/15.
Infiniti dealer would make the remaining three payments and pay whatever else is involved in his dealership bringing the BMW back to BMW (the leasing company) -- if I do this. So, there is nothing else being taken off the MSRP.
MSRP -- $48, 520
I would put down $3,000 which includes all closing fees and first month's payment.
Acquisition fee -- $550
Residual -- 66% = $32,000
Money factor = .00042
Sales use Tax where I live = 7.75%
Monthly payment = $675 ($725 with tax)
#435 of 1339 Re: I think i got a great deal. [kayrin]
Jun 09, 2006 (11:22 am)
Did you deal with the internet sales people or did you just find someone on the floor? Also, did you finance through IFS or your own?
#436 of 1339 Infiniti M3X, Chicago Area
Jun 11, 2006 (4:55 pm)
Has anybody bought M35X at Infiniti of Lisle near Chicago ?
Any experience, recommendations, bad/good things about the dealership would be appreciated, also if you want to share the price paid for M35X would be greatly appreciated!
Thanks in advance,
#437 of 1339 Internet buying a waste of time
Jun 17, 2006 (6:12 pm)
Anyone thinking about trying an internet buying experience (via email), don't waste your time. I have spent a week emailing the six Infiniti dealers that are within an hours radius of my house. Not one of them would come down lower than 1500 over invoice, and they all padded the down payment with another 500 to 1000 dealer profit (thanks Edmunds lease calculator for helping me identify that!!). The three dealers I ended up actually making some progress with insisted I call before they would negotiate below a certain figure, almost the same figure for each one. One dealer was very honest and provided me with the MF, residuals etc.. that I already had from the lease questions forum.(thanks again Edmunds and Car Man.) Two of them outright lied to me (not that I expected total honesty)about the MF, payments, residual, and how much profit they were making. Even when I let it be known that I had the information to calculate the correct figures, not too bright on their part. Unfortunately, the two slimy dealers had the car I wanted, and the honest one did not. So, here I am with no M35 Sport today. Lesson learned - use the phone, or print the worksheets and go in to the dealer. I might go to the dealer on the last day of the month and see if they are desperate for a sale to make their numbers.
#438 of 1339 Grinders
Jun 17, 2006 (10:04 pm)
Freedom is a very good thing. Yesterday I bought my first car which is solely for my own driving use (an M35) and spent quite a bit of time researching it. Part of that time was spent in these forums reading about the buying experiences of others. As I read some of the stories of how certain posters had found their exact car of choice and then gone through a drawn-out dramatic haggle dance complete with two or three walkouts to come away with an extra $250, I began to grow anxious as to how my whole scenario would go down. I began to have visions of walking away from I car I desired merely to save face in a negotiation. I began to dread the thought of sitting down to work out the price for my car.
Then the light bulb went on. I decided that my buying experience and my mental health are worth far more to me than a couple of hundred bucks. Amortized over a few years, how much does $500 work out to be, anyway - a cheeseburger a month? If you've got the scratch to buy a $45,000 luxury car, haggling like some Arab rug trader on the streets of Instanbul over a little McMoney is not only unseemly, it's idiotic.
So I found my freedom. I decided not to be a grinder, as I deal with grinders all the time and they are usually some of the most unhappy and most unpleasant individuals one can ever encounter. They merely wish to be able to walk away and brag about "what a great deal they got" and how they "really hammered on the sales guy." Who cares! Will those dollars cover the cost of the counseling you'll need once you've hardened into a prideful, grasping jerk? What an empty ego trip. Get a life, you jacks.
Today I took a long drive in a car that I'll likely enjoy for five or six years. I probably paid $500 more than if I had gone for broke and had really been a grinder. But you know what? As I rolled down the road with a smile on my face, I really didn't care.
#439 of 1339 Re: Grinders [donnyd]
Jun 17, 2006 (10:25 pm)
Refreshing post (although labeling those who like negotiating as "grinder" probably didn't add anything) ... while some really enjoy that battle for dollars with dealers, many, like you, will kick off their ownership experience more enjoyably by something less than pushing for $500 over invoice. I also have put my first 300 miles on a new M35. What a finely designed, engineered, and manufactured machine.
#440 of 1339 Re: Grinders [sfcharlie]
Jun 18, 2006 (7:04 am)
I couldn't agree more. (And you're probably right about the "grinder" tag.)
#441 of 1339 Re: Grinders [donnyd]
Jun 18, 2006 (7:25 am)
I also agree that coming away from a buying experience feeling battered, but getting your 500 over invoice detracts from the experience. Your point about buying a 45,000 car and haggling over 500 is well made. Our culture of paying more for luxury is nothing new, think Neiman Marcus, I would have gladly paid 1000 or 1500 to the dealer for my luxury buying experience. Two things prevented that, first my luxury buying experience was no where to be found. Second, the dealer was greedy and would not settle for less than 3000 profit.(not over invoice, I mean profit) Prior to having the knowledge gained in these forums, I would have been a sheep and paid probably more than 3000 in profit to them. How can I now close my eyes and say "take my money".
#442 of 1339 Re: Grinders [sfcharlie]
Jun 18, 2006 (7:32 am)
I also have put my first 300 miles on a new M35. What a finely designed, engineered, and manufactured machine.
Sure Charlie, rub it in that I don't have one...
#443 of 1339 Re: Today is the day [laderaking]
Jun 19, 2006 (1:03 pm)
Hi this is my first time posting and I'm not sure exactly what i'm doing. I'm trying to find if I got a good deal on M35 '06 lease. Openers down, 15K per year, journ, nav, tech, full spare, mats, spoiler for 48,720 = $699/36 mos. What do you think? I didn't p/u the car yet. - thanks