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Infiniti M35 / M45 Lease Questions

1426 messages,  Last post on May 12, 2008 at 1:51 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Infiniti M35, Infiniti M45, Car Leasing, Sedan


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#1407 of 1426
Re: M35 Lease Offer - Good? [finadv] by blov8r
May 06, 2008 (7:09 am)
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Replying to: finadv (Apr 12, 2008 7:11 am)

It beats the heck out of a quote I received yesterday from my dealer ... from whom I have leased two Infiniti's in the past.
 
Base M35 w/ Nav. MSRP ~ $47K. $2500 up front and $650/ month for 39 months! I'm at the tail end of my last lease on a 2006 M35 w/ Nav, Journey, Tech, and Aero ... MSRP $51K ... $2400 up front with the same monthly and that INCLUDES a $50/month "insurance policy" that covers a new set of tires at lease end, excess wear and tear and body dings, etc. On this thread I learned that my old lease wasn't such a bargain ... this new proposal is downright insulting. Oh, and it supposedly factors in a $2,000 Infiniti loyalty discount. Bart
#1408 of 1426
Re: what to finance on a lease [madrad] by blov8r
May 06, 2008 (7:15 am)
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Replying to: madrad (May 01, 2008 3:49 pm)

That lease is far better than the one I was just quoted. Where is your dealer?
 
Bart
#1409 of 1426
Re: M35X / 2008 / Tech / Nav [gedalneil] by blov8r
May 06, 2008 (7:18 am)
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Replying to: gedalneil (May 02, 2008 3:11 pm)

That's $1700 better up front than what I was just quoted for the base M w/ Nav. Same monthly. Bart
#1410 of 1426
Re: M35X / 2008 / Tech / Nav [blov8r] by ghstudio
May 06, 2008 (7:38 am)
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Replying to: blov8r (May 06, 2008 7:18 am)

What is all this talk about "up front" payments. DON"T DO IT!!!! use that money to make multiple security deposits if they are offered in your state and save money.
 
Take some time and read this forum....
#1411 of 1426
May Numbers by finadv
May 06, 2008 (12:32 pm)
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Car_Man,
 
Can you let me know what the May MFs and residuals are for an M35X, 24mos and 39 mos for 10K miles?
 
Thanks!
#1412 of 1426
Re: M35X / 2008 / Tech / Nav [ghstudio] by blov8r
May 07, 2008 (7:31 am)
Reply

Replying to: ghstudio (May 06, 2008 7:38 am)

I've read this forum, and I've been in and out of here regularly for three years. Whoever posted that it's the total number of dollars involved, not how things are bundled or unbundled, is the true cost of the lease is pretty much right on. If you put $3600 up out front and pay $500 per month or nothing down and $600 per month your true cost is almost the same ... "almost" because you do lose the ability to earn interest on that $3600 for three years. At a generous 5% yield that's $540 over the term of the lease. When I lease I put the absolute minimum up front ... whatever's required by law ... taxes, tags, etc. And here in AZ the tags are ~ $750. Bart
#1413 of 1426
Re: M35X / 2008 / Tech / Nav [ghstudio] by blov8r
May 07, 2008 (7:34 am)
Reply

Replying to: ghstudio (May 06, 2008 7:38 am)

use that money to make multiple security deposits if they are offered in your state and save money.
 
I would, however, like an explanation of the "multiple security deposits" strategy because it doesn't make sense to me as security deposits come back to you at the end of the lease and are nearly always waived here. Or maybe I'm missing a huge point here. Bart
#1414 of 1426
Re: M35X / 2008 / Tech / Nav [blov8r] by ghstudio
May 07, 2008 (9:49 am)
Reply

Replying to: blov8r (May 07, 2008 7:34 am)

Bart...what you are missing is that Infiniti Financial Services will lower your Money Factor by .0001 for each "extra" security deposit (up to 7) you give them. Yes, you get the money back...AND you've paid lower interest during the lease. The amount you save with lower interest on the lease is much higher than you would earn just leaving that amount in your own bank. It's a very good financial deal.
 
Don't confuse MSD's with a large down payment....very different animals.
#1415 of 1426
Re: M35X / 2008 / Tech / Nav [ghstudio] by blov8r
May 07, 2008 (12:22 pm)
Reply

Replying to: ghstudio (May 07, 2008 9:49 am)

Thank you. I do indeed stand "edified". Bart
#1416 of 1426
Negotiating best price for M45x; mult. sec. deposits by madrad
May 08, 2008 (4:23 pm)
Reply
Seriously negotiating now for lease of M45x as follows
Sticker (incl) gas guzzler tax and freight with tech, adv. tech, mud guards, trunk mat at one Chicago metro area dealer for this combination of options is: $60275
 
I was just offered a buy price of $55625 which is about 92% of sticker or $169 over Edmunds "invoice". In general, one would think that's a pretty good price--it's the percentage of sticker I paid on my previous 2006 M35x but that was at the very end of summer and to my knowledge Infiniti was not making money available to dealers to clear out inventory.
 
Now, I'm reading in this forum that there is incentive and loyalty money out there from the manufacturer--is it $1000 or $2000? So my question is: does anybody believe that my quoted price can be pushed down further by reminding the seller of that money and that I would want some of it to further lower my sell price (cap acquisition cost).
 
Also this dealer is quoting (for 24 months, 10,000 miles/yr) a residual of 62%, money factor of .00001, acquisition fee of $595 and thus lease payment of $908.11
(out the door $1163.11; no money down...only license, doc, registration fees and first month's payment). State and local sales taxes rolled into cap acquisition cost.
 
When asked he said that IFS would NOT reduce the money factor below .00001 using multiple security deposits (he said they would not go "negative"). He also said 62 % residual was set by banks, not IFS.
 
I really appreciate all comments, suggestions--especially opinions of forum moderators re the specifics of the deal so far.
MJC

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