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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1570 messages, Last post on Jul 24, 2008 at 6:54 AM
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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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Replying to: madrad (May 08, 2008 4:23 pm) 
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Replying to: madrad (May 08, 2008 4:23 pm) There is $1000 incentive OR $2000 loyalty money. It's very likely the dealer already included this without telling you. IFS publishes their own residual rates.....no idea how they set them..doesn't matter. As far as I know, the residual rate is not negotiable. |
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Replying to: Car_man (Apr 21, 2008 2:20 am) Sticker 60275, buy price of $55625 which is about 92% of sticker or $169 over 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 I specifically questioned the salesperson about the number of zeroes in front of the "1" but the other money factors I see reported here from IFS seem quite a bit higher...am I off on these zeroes? Many thanks
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Replying to: ghstudio (May 07, 2008 9:49 am)
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As an incentive to induce you to lease again with IFS, they offer to pay up to $500 in excess wear and tear charges or excess mileage charges. Well, I took very good care of the vehicle and my return inspection (3 weeks before lease end on 5/28) showed ZERO charges for excess wear. I've pretty much decided to lease another Infiniti (M45x)...so how can I get IFS to give me some of that money? Perhaps a reduction in the first month's lease? Has this happened to anyone else? If they won't, in a way one gets penalized for taking good care of the vehicle. Thanks for comments/suggestions. MJC
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Replying to: madrad (May 09, 2008 10:56 am) Something is off if you use the numbers that you have. However, it may be okay, depending on the taxes that were added to the cap cost. |
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Replying to: nycdude (May 09, 2008 11:13 am) Technically, your security deposit shouldn't be at risk.. But, once the insurance company and the leasing bank start talking about payoffs, almost anything can happen.. I've yet to hear a definitive "you can never lose that deposit, due to accident". |
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Replying to: madrad (May 09, 2008 11:18 am) 
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Replying to: colslick (May 06, 2008 6:32 am) 36 Mo – Residual 50% – .00082 2008 Infiniti M35X AWD Sedan 36 Mo – Residual 51% – .00070 Based on 15k annual miles.
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