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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1691 messages, Last post on Oct 04, 2008 at 9:39 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
I had a M35 that was in a accident and was totaled. I leased it from infiniti and I put down a $4000 deposit to lower the cap cost. When I called to talk to them about the payoff I found out that they were to keep all the money from my insurance and they wanted my deductable on top of that of $1000. I had negotiated a great price on the vehicle and was using the lease as a way to finance the vehicle cheaper the doing a regular loan. So I call up infiniti to get a payoff so I could pay them off and then let the insurance pay me. They said that by law they don't have to sell me the vehicle. At this point the infiniti rep became very rude and I ended the conversation. So the just of it is that I agreed to pay $45000 for my infiniti and put down $4000. I paid $7320 in payments. My insurance company is going to pay them $39000 and they want another $1000 from me. This works out to me paying $6320 in interest to infiniti on $41000 owed for one year. That works out to an interest rate of 15% when I was supposed to be getting about a 3% special financing rate. So for one year I I just purchased another infiniti and am now wishing I would have got something else because of the horrible customer service. If you get an infiniti don't deal with nissan or infiniti finance. Also if you lease don't put any money down. Because if your car is totaled. That money is gone. Does anyone have any suggestions? I am having my lawyer look at it to see what he can do.
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Replying to: jccoop (Mar 20, 2007 11:12 am)
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Are these numbers okay? 07 M35 Sport Cap Cost: 42587 18K miles a year 39months .00093 52% $586 27months .00042 63% $575
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Replying to: j28877 (Mar 13, 2007 5:32 pm) |
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Replying to: ghstudio (Mar 20, 2007 4:11 pm)
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Replying to: buster6 (Mar 21, 2007 8:29 pm)
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Replying to: rjlaero (Mar 22, 2007 6:12 am)
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Replying to: stlgasman (Mar 22, 2007 3:03 pm)
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Replying to: rjlaero (Mar 23, 2007 1:01 pm) Common sense tells you that you'd get your security deposit money back, but I've found that banks and insurance companies don't pay a lot of attention to common sense, especially if it might cost them money. As of yet, we still haven't heard from anyone who has made MSDs and then totaled their vehicle. regards, kyfdx
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Replying to: kyfdx (Mar 23, 2007 1:16 pm)
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