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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
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GHStudio, Et Al I just came out of a 24 mth lease on an 06 M45 sport tech. like many folks I am now finding even an M35 is leasing about $100.00 higher than my previous deal ( The M45 was $499.99 base and $34.93 tax). I have an offer on the table for the following: M35 Sport / Tech MSRP $50,105.00 Sales Price ( supposedly invoice) $45,714.00 Residual % 61 M.F. .00028 Term 24 mth Miles / yr 15 K Even with 2K in Loyality cap reduction , 2 MSD's and assuming for the moment $595 bank fee and $498 Doc Fee I end up with: New payment 08 M35 $596.29 and $41.75 tx for a total payment of $638.24 Am I doing the math correctly? If so is the residual decrease the primary factor in the payment increase? Thanks in advance for the help/ Cheers, |
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Replying to: ghstudio (May 22, 2008 8:11 pm) And yes I know the game all too well after being in F& I, on the desk, and holding the sales record of selling 46 cars in one month when I worked the floor. The game is a damn waste of everybody's time, and because I know it so well it is all the more frustrating. I have never bought a car through a salesperson in my life. The salesperson ends up just getting the car washed after the manager gives him the house deal. I called IFS and extended my lease 90 days until October. It should be interesting to see the incentives then...The residuals will be lower, but there should be at least another $1000 incentive on the car plus ridiculously low MFs
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Replying to: ltcadviser (May 23, 2008 6:49 pm) ltcadvisor: I am also thinking about extending my lease...but I don't think it will get very much better. If I extend, it's to see if the 09 mercedes c350 becomes a 305hp car..or to see if the jaguar XF price/lease becomes affordable (I love that car)...or to see the new FX or maybe the 2009 M will appear with a new transmission. On the other hand, there are some big changes coming in 2010 and maybe the best option is to lease another M for 24 mos and position for the 2010's....tough call. Of course if the lease on the 06 is less than a new 08...why not pay the lower price for a few more months....
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Replying to: ghstudio (May 23, 2008 7:51 pm) I'm turning in 06 M35 and extended a month to see if May would improve things and bring me happiness - wrong. I'm dealing for invoice and the 3% May residual reduction ( I use msd so MF no impact) increased mo payment by $63.69. Even if they throw another 1K onto the current 2K w/ same lease factors in Jun it won't = the Apr payment (but would lower that $63.69 increase by $50.)I had 70% MF in 06 (21 mos) and at that time the 24 mo was 65%. Also considering the poor gas mileage I get the other carI'm looking at would save me $43.per mo  $4/gal. We were lucky in 06, M35 has met reality, although when I sit in it I feel like I in a vintage Chris Craft and hate to part with it. Good luck with your decision.
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Replying to: ghstudio (May 23, 2008 7:51 pm) It will be interesting to see if Jaguar has good deals on the XF. It is a sweet car, but I am 6'5" and don't fit too well in it. I don't think you can get into the XF for $600/mo. with no money down though. I don't think there are any cars with an MSRP of 52K that you can lease as well as the M. If anybody knows of any other cars, I would like to know. I love the M, though. Just pi$$ed that I can't get Sirius radio anymore to listen to the NFL games. |
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We are looking to lease a new m35x. If you lease a car with 12k miles and the lease is for 39 mos, do you get 36k miles or 39k miles for the life of the lease? Thanks
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Replying to: rspier01 (May 27, 2008 3:53 am) |
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My lease of a 2006 M35x is about to end in late August. My initial terms were 39 months, 15,000 miles per year. My end of lease purchase option is for $32,812. I looked on edmunds, my car which has 44,000 miles, is in excellent condition and is fully loaded(prem, nav, tech, spoiler, splash guards) is listed as $34,255 dealer retail, $31,576 private party, $28,874 trade-in. I like the car, would it be wise to purchase the car at that price(actually finance)? or just lease an 08 as my monthly payment is currently $639 and looks like people are getting better numbers on 08's.
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Replying to: shivan (May 30, 2008 1:57 pm) I wouldn't buy an 06 with that many miles with no warranty when I could lease for almost no finance charge and a residual that is more than the gas eating car will be worth in 2-3 years. BTW...check out the 24 mo vs the 36 mo lease...the MF is lower on the shorter lease. |
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Replying to: ghstudio (May 30, 2008 2:54 pm) Now, about that $2000 loyalty. I STILL can't seem to get a straight answer. You are saying to apply it as a cap cost reduction up front, however every dealer has told me you CANNOT use it on a lease, only a purchase. Also, it's only available on the M, EX or QX56 ... I tried to apply to the M and after knowing I couldn't use it, I gave up on the M. Yet, I see people saying they are getting EX35's for $3500 below invoice. That would be taking into account the $2000 loyalty and the $1500 dealer cash. On a lease, the LOWEST I could get a dealer to go was $1750 below invoice - they said I could not 'stack' the $2000 loyalty with it - just like I've been hearing on the M too. So .... DOES anyone know the TRUE answer about the $2000 loyalty? Can it be used on a lease, or not?!? And, if so - how? Could you actually get a selling price of $2000 BELOW invoice by using it - on a lease? Thanks! |
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