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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: blov8r (May 20, 2008 6:24 am) I did the 21 month lease and only have (yikes!) 14650 miles on the car. I hate to give it back, but the payoff is just too high as the residual was like 72% on the original lease and the MF was .00006. As a result, I have a really low monthly payment at $525/month. Also, I've been getting the same story on leasing an '08 - around $100 or more per month. Ummm, I don't think so. Not to mention that I now have to add the Xenon Pkg and Tech package to keep most of the features that I have now, bringing the car to over $50k MSRP ... With May's new MF, the price dropped around $30/month, but to be anywhere close to what I'm paying, a dealer would have to apply the $2000 loyalty back of invoice and then go another $1000 below invoice - so the net result would be a selling price/cap cost of $3000 below invoice. That would bring me in around $510/month, and I DOUBT that is gonna happen ... Gonna go drive the G and look to be somewhere in the mid $400's - which CAN be possible ... I think. |
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Replying to: blackknights (May 19, 2008 11:34 am) How many months was your lease deal for and how many miles? Were you familiar with the national ad Infiniti is running? Sounds like you may have done better than the ad??? Thanks!
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Replying to: nkodream (May 20, 2008 8:38 am) 39 months/10K per year I did not see the national add, what were the terms? |
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Replying to: Car_man (May 13, 2008 2:43 am)
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Replying to: tklein2 (May 21, 2008 5:29 am) 
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Replying to: lengelberg (May 20, 2008 6:55 am) 
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Replying to: blov8r (May 22, 2008 6:40 am) BTW...I was quoted about $485 for a G35/tech/nav 12K 24mo lease..no money down. I don't remember if it included MSD's. It's a price performer, but not as nice a car... |
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I leased an m35 sport with journey and tech in July 2006. I paid $300 upfront out of pocket, and leased for 24 months and 15K miles a year. My pmt was about $612 + tax. I believe this was a good deal at the time. Now I asked a dealer for a quote on a 2008 m35 sport with tech and advanced tech....he hit me at $610+ tax with about $1300 out of pocket. With the $2000 loyalty money why am I coming up with $1000 more out of pocket? He tried to tell me the car was a $1300 loser on the books already, and he wouldn't go lower. I explained to him that ownership "packs" the computer with higher internal cost to have the sales people believe the dealer ship is "losing money" to make them stronger negotiators. (I was in the business years ago...man, they love to keep the sales force dumb)... anyway, what would be a ballbuster lease for an M35 Sport, tech and advanced tech, MSRP is about $52000; 24 months, 15K yr; 1st pmt only upfront. I gotta believe I can get this deal for $575 + tax. It seems like everyone can get the $610+ tax deal with inceptions upfront. I like to think I am special. What would a real special deal be? The kind of deal where the manager has to beg you to come back in deal....
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Replying to: ltcadviser (May 22, 2008 6:47 pm) The dealers just love saying..."we'll sell you the car at invoice"...which of course means "we'd be glad to sell you the car (and make the $2000 conquest money plus the administrative fee as our profit)u. Split the $1000 with them....and then refuse pay the "administrative fee"...just give them $1000 profit. You were in the industry....but here's how I would do it. I would walk in..find my salesman and say let's sit down with the sales manager or whoever can approve a lease deal. (of course, if the salesman tells you they don't work that way, just walk over to the sales manager's office and walk in...that gets their attention).... Do not waste time by dealing with just the salesman....make them sit together. The idea is that you control the meeting, you control the time, etc. Then I would offer the following deal: I'll give you $1000 over the invoice price reduced, of course, by the $2000 conquest money...so my capitalized cost will actually be $1000 under the printed invoice plus the origination fee ($595).....Let's calculate the payment using the Infiniti finance MF and residual. No money down, I'll give you the first month's payment plus title/registration at the start of the lease. As you know, they will immediately say they can't waive the "administrative fee"....so my response would be: I guess you can split the $1000 any way you want". Then I would stop talking.....say nothing....just wait as long as it takes for them to say something...(you maintain control this way). After they explain that they can't do it for whatever reason they think up...observe that they sure have a lot of M35's on the lot, they don't get great gas mileage, gas is up close to $4 a gallon and the 09's are coming pretty soon. You are ready to sign if they would like to have one less M35 on their lot. Be prepared to get up and head for the door after telling them to call you if they can make the deal happen. You know all this, of course.... And of course, you just ignore that window sticker with the dealer installed stuff: the "protective coating", "leather preservative package" or the latest one I've seen: "nitrogen filled tires $295)" (our local mercedes dealer has that on every car).... Hey...if this works, let me know...I might just use it (just kidding). You actually could get a much better deal on a 35x....of course without the sports package.....the residual is higher. |
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Replying to: ghstudio (May 22, 2008 7:11 pm) After I get my shopping numbers,I will go back to the same GM this time, but I won't let my guard down just because he sold me one car aggressively before. I will shop him again. I figure with the incentive money I should really be at $535+ tax for an M35 Sport with Tech and Advanced Tech packages if I am paying the acquisition fee and 1st pmt. They can bite me for the doc fee. That is just pure padded profit. In 1995 our doc fee was $99.00. We raised the fee every 6 mos. to 12 mos until we realized people would pay $499. I always felt guilty charging the doc fee. Our dealershiop even got sued because our ad prices said the price + tax tag and title. No doc fee mentioned. If a customer ever brought it up we would waivei.e. "back out" the doc fee if the customer was on the ad car. Dealerships today act like your supid when you tell them the doc fee is their profit. They always say "profit" is not a dirty word. |
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