Last post on May 04, 2011 at 8:06 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Infiniti M45, Infiniti M35, Sedan
#787 of 1339 Good Cash Price on M45
Jul 02, 2008 (8:20 pm)
What would be a good net cash price to buy a 2008 M45 2WD with zero options? I'm not a current Infiniti owner. Can I expect to pay about $1000 to $2000 below invoice price including the rebate? I'm in Dallas but could buy anywhere. I'm in no rush. No trade-in or financing.
I have never seen a M45 on the streets anywhere and no one seems to talk about them in the forums. My local dealer did not have one in the showroom and said the M35 is the biggest sedan they sell. Does Infiniti really make the M45?
#788 of 1339 Re: Good Cash Price on M45 [dallaspatent]
Jul 03, 2008 (3:22 am)
The difference is the M35 has a V6, while the M45 has a V8 engine. The body is the same.
#789 of 1339 Re: Good Cash Price on M45 [dallaspatent]
Jul 03, 2008 (7:03 am)
Hey big D. I drive a 2006 M35X with 26.5 miles. Need the awd in New England. Like it a lot but wish it had a 6th and/or 7th gear because at 70 mpg the rpms are close to 3000. I average 19.5 overall mpgs and alternate 89 octane with 93. Have nitro. in the tires and keep them nearly full. See a few M45s around here. They have the V8 and maybe larger trunk but at $4.20+ gas a V8 seems like a luxary. The v6 is quick but not quiet. Car is safe, very comfortable and fun to drive. Got much better tires at 17.5 and they've been much quieter and stickier. I'd buy another Infiniti but not until they have 6 plus gears. I believe the X50 has 7 speeds so the 2009 M's probably will. Good luck. D. Ulfelder
#790 of 1339 Re: Good Cash Price on M45 [dallaspatent]
Jul 03, 2008 (9:26 am)
For cash money you should be able to get it for less than the invoice. Here are the number factors on a 2008 M45 with no options: $46,163 this is invoice price so my thought is (cash talks bull crap walks) I think you should be able to get it for at least 42K or 43K cash money depending on what car company you go to. I would call around to different dealerships and make them compete against one another to see who would give you the best deal. Thats what I am doing with getting my 2009 M45 which come out in October I am buying mine cash money so if I have to get mine from a dealer out of NC to get the best deal that's what I am going to do.
I wish you the best on getting your brand new M45.
#791 of 1339 Re: Good Cash Price on M45 [walt18]
Jul 03, 2008 (9:27 pm)
Walt, I understand your "cash is king logic" but that is not how the car business works.
I am currently a certified financial planner, but in a "former life" I was in New Car F&I, and New Car sales.
New Car managers and sales people get paid off of the gross that they hold.
It is irrelevant whether you are leasing or buying, putting $1000 down and financing $45000, or stroking a $46000 check
Each car has an invoice, holdback, maybe some dealership retro bonus money for hitting a monthly target, etc.
General sales managers get paid off of Front end gross, and back end gross (the money the F&I dept. makes for selling you a rate a point or two over buy rate, pushing a warranty, or glass etch, or whatever.
The F&I dept gets paid on the back end gross only.
The GMs get paid off of the whole dealership
Everybody is working their pay plan, which is based on gross profit held.
The actual bottom line is that in reality if you are paying cash money the dealership loses a possible three or four hundred dollar flat fee that a financing bank might have paid the dealership for steering the deal to them, even if you financed at the buy rate. So, there is positively less incentive to give a cash buyer a better deal than someone who is financing, because there is no back end gross opportunity.
Still, I remember many times that people will say, "What if I pay cash"
I used to always laugh inside, and think..."If you only knew"
#792 of 1339 Re: Good Cash Price on M45 [ltcadviser]
Jul 04, 2008 (9:09 am)
I didn't know that. My question to you is if I pay cash money for a fully loaded M45 (premium) I would not get as good a deal as I would financing it. That seems so weird. But what about all the finance charge that is added to the deal when you finance the car.
#793 of 1339 Re: Good Cash Price on M45 [walt18]
Jul 04, 2008 (11:35 am)
All the finance charge I just leased an M35 for a mf of .00002 which is $1.50 a month interest.
#794 of 1339 Re: Good Cash Price on M45 [ltcadviser]
Jul 05, 2008 (5:44 am)
you mentioned they get paid for financing- does this include Infiniti financing such as the current 2.9 or 3..9%?
#795 of 1339 Re: Good Cash Price on M45 [ghstudio]
Jul 05, 2008 (8:52 am)
which is better? paying cash money or financing to get a great deal?
#796 of 1339 Re: Good Cash Price on M45 [walt18]
Jul 05, 2008 (3:22 pm)
irrespective of spiffs, under the table payments, kickbacks and holdbacks, I believe you can always get the best deal with cash. If the finance company is kicking something back to the dealer, you are paying for it...etc.
The exception to this is when there is manufacturer money that applies to financing or leasing, but not to cash. Then it gets interesting. One other option I''ve used is when there is money for buying but not for leasing, don't use manufacturer leasing. Years ago I had a Nissan dealer arrange financing thru GE credit because Nissan had some dealer money that only applied to purchases. I was paying a higher interest rate, but with the money back, the lease cost me much less.