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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1622 messages, Last post on Aug 19, 2008 at 4:13 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ocautoseeker (May 12, 2008 1:51 am) I think armed with this info and the lower MFs this month, I'm ready to pull the trigger. I'm going to try the checkbook.org service for leases mentioned on this site. |
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24 months 559 including taxes 1400 down that includes first month, bank fee transfer tax, dmv and their paying my last payment on my current infinti g35  $490 M35awd - tech package , xenon lights, 12000 miles Is this a good deal somebody please help. Thanks
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Replying to: paps1 (May 12, 2008 12:34 pm) I wonder if there are any 4wd cars in Florida for me to lease..... It's also a good lesson....you have to check alternatives before you lease a car. For example, if you want to lease a mercedes E350, you will find ihat right now, it costs far less each month to lease it for 24 months than for 36 months....and then you have to check out the 4matic and the 320i as well. Actually, the 4matic may also be cheaper than the 2wd cars. winter's over...who's going to buy a 2008 4wd vehicle.... so why not lease one. |
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Replying to: cablue (Apr 22, 2008 3:32 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: colslick (May 06, 2008 6:32 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: ghstudio (May 07, 2008 9:49 am) Who needs to tie up all that money to save 2 % interest on a short term lease? I mean c'mon, you are financing like $20,000 over 2 years. It is PEANUTS. God, spend more energy negotiating the deal down $400 bucks, then letting a dealership hold your money for 2 years while they can invest it and make more than 2 %. It is very short sighted. Especially if someone is leasing every 2-3 years and doing this stupid exercise over and over again, never having the money actually work for them in investable assets capturing 6-10%. |
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Well...let's take a hypothetical case. M35 MF .0005 residual 64% 24 months. Let's use this as the base...and let's look at the case where you give four multiple security deposits....MF drops to .0001...everything else stays the same. MSRP $47600 capitalized cost $43175 $595 bank fee rolled into lease. Payment for the base case is: $569.93 Payment for the second case is: $540.03 Savings per month is: $20.90...of for the life of the lease 24 mos, you save $501.60 (24x20.90)...remember everything else is the same... You loan Infiniti credit 2400 (4 security deposits of $600 each) for two years (which you get back) and you saved $501.60 over those two years. Let's forget compounding....you saved $250 each year....and that's 10% of the $2400 you tied up. That's a very good return.... Think of it this way....you could forget the Multiple security deposits and put that same $2400 in a CD for 2 years. At the end of the two years you would have approx $2550 (about 3% per year) in your pocket...and you would have paid 569.93 every month because you didn't use MSD's. Total cost No MSD: 24x569.93 = 13678.32 and you have that $150 you earned on the $2400 sitting in the CD or in the bank....so your total cost is 13528.32 With MSD 24x540.03 = 12960.72 (don't forget you get that $2400 back at the end of the lease...just as at the end of the CD. I didn't take time to check every number...but this is quite close. Now, you can argue that given the total amount you are spending, who cares about $500.....but there is no negotiations involved here...it's just part of the Infiniti lease and you just ask for it...it's fixed. This is painless...and it actually saves you money. As one final case...let's assume you put that $2400 down as a capital reduction up front. Your monthly payments are then $461.50 or a total of 11075.89 plus of course the 2400 = 13475.89. You are still paying quite a bit more than the MSD case.... I hope this clarifies why MSD's save money. Note...Negotiate the best possible lease you can....then just tell them you want to apply multiple MSD's and they will recalculate using your negotiated Capitalized cost (which is the only thing you are really negotiating) and the new, lower MF. MSD's are not for everyone....But if you are going to pay down the lease up front or if you have cash just sitting in a CD,money market or such, MSD's are a very good idea.... |
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Replying to: madrad (May 12, 2008 9:59 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 14, 2008 2:19 am) So I started to think about alternatives...after all, I leased the M for 24 mos because I like change. The 08 M35 is almost exactly like my 06 M (newer nav and a passenger seat that adjusts..that's it). I woke up this am realizing I hadn't really looked at the G....larger engine, slightly lighter car (economy?)...so I went to take a look. Did not drive one (my salesman's day off)..but I did price one out on a lease. Using MSD's, I can lease a G35 with almost every feature for $100 less than my current M....because even though the MF is higher (which I buy down with MSD's), the 24 mo 12K residual is 70%....yes...SEVENTY PERCENT. That's unheard of...and by the way the residual on the G37 for those of you who can live with a 2 dr car is even higher. These are incredibly good deals..... The G even has a few features over the M that are actually important to me. One is the sports seats where the bottom cushion can be extended to support my long legs...and retracted so my much shorter wife is comfortable..and it does that on both driver and passenger sides. The other is paddle shifters which should be fun on an engine that's more powerful than the M's on a lighter car. I give up some seat room...but there's enough room for two if I'm not driving across country. I think my search has ended.....I'll drive one tomorrow.
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Replying to: paps1 (May 12, 2008 12:34 pm) 
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