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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1827 messages, Last post on Oct 26, 2009 at 2:06 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi everyone. Please use the following discussion to post any questions that you have about leasing an Infiniti M35 or M45. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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I just signed a lease for a Infiniti M45 with Journey and NAV. MSRP 52510 Cap cost 48999(invoice + 1000) + 550(acquisition fee) = 49549 Drive off 1131 (first month payment + reg) 42 months 634.95 + 49.21 (7.75 CA tax) = 684.16/mo I am not sure what the residual is for 42mos, I think 57%. I was supposed to get the base MF of 0.00202. However, by my calculation, it seems a bit off. Did I get the promised MF or was there a last minute adjustment? Thanks.
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Replying to: dave328 (Sep 05, 2005 10:16 pm) Generally, the bump is either .0001 or .00015... If I add .0001 to your money factor, the payment is less than $1/mo. off of their numbers. My best guess is that is where the discrepancy lies... regards, kyfdx Host--Prices Paid Forums |
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Car Man - Getting the M35x that I ordered may take 8 to 10 weeks. Do you have a feel for the stability / longevity of the current Infninti lease offer on a 39 month lease with 12K miles: Money Factor = .00202 RV = 60% THX |
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Replying to: kyfdx (Sep 06, 2005 2:47 am) Security deposit is waived for those with tier II credit through Infiniti finance. So the discepency must be from the money factor? Can I assume that they used the 0.00210 MF as opposed to the promised .00202? It's not the few hundred bucks that bugs me. It is the deception that galls me. This is a wonderful forum, by the way. You and Car man are truely helpful to all of us swimming through the muck. I was told by my dealer that 90% of their sales are leases. There are so many ways to stick it to you by unscrupulous dealers on a lease transaction. Keep up the good work and fight the good fight! Dave |
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Replying to: dave328 (Sep 06, 2005 9:11 am)  Congratulations on the car!! regards, kyfdx
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Replying to: kyfdx (Sep 06, 2005 12:58 pm) D |
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Hi scrider. Infiniti Financial Services' residual values for the 2006 M35x have already dropped for the month of September. If you were to lease one through IFS right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00194 and 59%, respectively. As you can see, Infiniti dropped this car's money factor slightly to at make up for at least part of the lower residual value. The aforementioned lease program is scheduled to run through September 30th. It is difficult to say what Infiniti's October lease program for this car will be like, but if I had to make an educated guess I would say that it will either be about the same or have a slightly lower money factors to make up for another one point drop in residual values. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: dave328 (Sep 06, 2005 9:11 am) Here is the rewritten final deal: MSRP 52,510 CAP COST 49660 (1K over invoice plus 550 acquisition fee minus 33.54 cap reduction[long story]) 42mos 610.06 + 47.28tax = 657.34/mo MF 0.00205 (I was shown their finance sheet to confirm that this is the base MF for 42 mos) Residual 59% (This is according to my calculations) I'm happy with the deal. Aside from a couple of attempts at padding the MF, it was pretty straight forward. This was in Orange County, so. Cal. For those who are newbies venturing into the dark and foggy lease-land, I have a couple of pointers. Hammer out the cap cost. This is one of two key negotiation points. For me felt I would be happy with 1k over invoice and so I made that offer and it was accepted without haggling. Don't negotiate on the monthly amount, the dealer with throw out an irrelevant number and do all sorts of crazy stuff. Find out the base money factor for the term of the lease. It seems to vary slightly depending on the length. Have the dealer commit to the rate, in writing if possible. Find out the residual for the term of the lease. This is set and non-negotiable. This does vary slightly among different banks but if you ar going through the manufacturer's lease program, it is set. There is a sweet spot for the monthly payment. For the M45 it is 42 mos. The monthly payment is approx $50 less for the 42 mos compared with 36 mos. I don't think I'll have any problems keeping the car for another 6 mos, so I was happy to do it. Have the dealer e-mail you the exact terms for the lease, including the MF and cap cost, before you go in to sign the papers and cross check with your own calculation using the edmunds calc. Or you can use this site: http://www.leaseguide.com/calc.htm It is a little simpler to use than the edmunds site. If you find a discepency, point it out nicely. I think most high end dealer will play nice but they might need a bit of nudging. Pretty simple, you just have to keep your eyes open and know your numbers. Dave
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Thanks for taking the time to share the details of your deal and sound advice with everyone Dave. Car_man Host Smart Shopper / Prices Paid Forums
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