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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1830 messages, Last post on Nov 16, 2009 at 7:02 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Sep 13, 2005 2:33 am) Dave |
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I have always purchased cars, but because of mileage usage and how often I like to change vehicles, I have decided to lease for the first time ever. I am definitely going for the new M35, as I have always been a fan and owner of Infiniti vehicles since 1993. However I have one question that I can't seem to find a definitive answer to, and with the only Infiniti dealership in MS being my only option I want to go in with all the information. If anyone wouldn't mind helping, I wanted to know if the residual value percentage is calculated using the MSRP or the adjusted capitalized cost negotiated??? Also I will be using the VPP program so I know I won't be paying MSRP before I even enter the door. I would really appreciate any help. Thanks in advance. 
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Replying to: gdukes1 (Sep 18, 2005 7:40 am) |
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You're very welcome Dave. Car_man Host Smart Shopper / Prices Paid Forums |
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Welcome gdukes1. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. In answer to your specific question, vehicles' residual values are always based upon a percentage of their full MSRPs including the destination charge plus the MSRPs of any options that can be residualized. The fact that you can purchase your car through the VPP program is a good thing, especially given the lack of Infiniti dealers in your area. Car_man Host Smart Shopper / Prices Paid Forums |
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| Thanks cluedweasel and Car_man for the information. I am going to test drive and get more information from the dealership Friday. Do y'all have any tips for negotiating the best RV% and MF, with only one dealership in a 200 mile radius? | |
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After reading that someone just got a M45 for $1K over invoice at Winner Inifiniti in Wilmington, DE, I went to my local dealer (in the NYC metro area--which I won't identify out of caution and deference to the dealer) and offered 1K over invoice for an ordered M45, which the dealer immediately accepted. I told the dealer that if they did not match, I would not hesitate to get the car from Winner Infiniti at 1K over invoice given that such a savings is well worth the 1 1/2 hour drive from NYC. Had the local dealer not accepted, I would have indeed called Winner and ordered the car from them. Although I live in NYC, I have sometimes leased cars from dealers in Central Pennsylvania to save big bucks. The details of the car I have negotiated for is: 1. M45 Sport with the following options and color combination: U03 (Tech Package with Sirius) J02 (Journey Package Sport) W01 (Wood trim) P93 (Rear Deck Spoiler) B94 (Painted Splash Guards) T92 (Trunk Mat with space saver tire) Exterior color: liquid platinum (the bright silver) Interor leather color: graphite (the black leather) Total capitalized cost of the lease is $53,292 ($1,000 over invoice including the destination charge). (MSRP is $57,200). The lease is for 18,000 miles per year, 39 month term. Zero cap cost reduction. $1500 drive off costs (security deposit, first month payments, doc and title fees) The monthly payment is: $736.25 with sales tax rolled in. $669.39 with taxes up front. The money factor is .001570 (equivalent to 3.768% APR) The residual is $33,139.70 (about 58%) What do you think of this proposed deal? Having leased many cars, I think this is a good deal but your opinions are welcome.
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Replying to: 540dude (Sep 21, 2005 5:06 pm) That seems like a great deal. My lease numbers are posted above and yours seems pretty similar. The MF is significantly lower than mine but that is probably to offset the lower RV. One thing to consider is looking at the 42mo lease. My monthly payment was about $50 lower than 36 mos. I chose the non-sport M45 because the ride on the sport seemed a tad harsh and loud but I sure do like the look with the sport wheels. Take the plunge, you won't regret it. Its a fine car. Dave |
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Replying to: 540dude (Sep 21, 2005 5:06 pm) One more thing. It is my understanding that you don't need to put down a security deposit for Infiniti Finance if you have good credit. On the other hand, it might be worthwhile for you to look into putting down multiple security deposits(MSD) if Infinity finance allows it. I was going to ask the dealer about it but in all the excitement it slipped my mind. Good luck. Dave |
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You're welcome gdukes1975. Individual dealers do not have the authority to alter banks' residual values so you should be fine with that aspect of your deal. As far as the money factor goes, the fact that you know what your car's buy rate is will go a long ways in your attempt to make sure that it is used to calculate your vehicle's monthly payment. Even though this Infiniti dealer appears to be the only game in town for this particular car, there are lots of other brands out there. You can always give this dealer the impression that you will purchase a different vehicle if they do not use the buy rate to calculate your payment. Car_man Host Smart Shopper / Prices Paid Forums
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