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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
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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 12:57 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 1:54 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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Yes, in theory, you could buy a car for $2000 under invoice if the dealer was willing to sell you the car at invoice. The $2000 is available for both lease and purchase...and the best way to think of it is that the real invoice is $2k less than what the dealer shows you. So getting a lease on an M with a capital cost of $1000 under the printed invoice price still gives the dealer $1000 profit plus the administrative fees...you can certainly shoot for less cost. The best M deal is on the X in May.....my quick calculation told me an X equiped the same as an M cost $50 a less on a 24 mo lease. The G is very attractively priced....but it is not the same car...it drives peppier but I hate adjustable steering wheels that move the top of the dash with them because that gap reflects in the window. The M is larger and better (softer) riding...but not quite as peppy.
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Replying to: ghstudio (May 30, 2008 1:54 pm)
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Replying to: shivan (Jun 01, 2008 12:50 pm) I think I'd be a gambler and wait until August. At that point you will have a few more 4wd options including the new FX...the EX will still be lower cost than the M (and I think a nicer car than the G)...and there could be some additional choices. Infiniti may offer a real deal on X's if they have a lot left over when the 09's appear....and don't discount the G35x. Sure...the MF might increase and the residual may decrease.....no one can tell you what to do....I can only tell you what I'd do Also remember, you can extend your lease for 2-3 months at the same rate (and they give you the appropriate extra miles) so that would buy you even a few more months to make the choice. Given gas prices, you might be able to get an 09 M35x for what you can get an 08 M35x for now....Folks aren't exactly rushing to buy these fuel burning cars...
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Replying to: ghstudio (May 31, 2008 10:57 am) Can you supply money factor and residuals for 2008 M 45 x for 24 months, excellent credit, 12K miles (unless no significant difference for 15K). I'm hoping the nearly "free" money of .00001 continues.... Many thanks. Have my eye on 2008 M45x with tech, advanced tech, mats, mud flaps and spoiler. Has anybody bought anything similar recently?
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Replying to: ghstudio (Jun 01, 2008 1:57 pm) |
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Replying to: shivan (Jun 01, 2008 12:50 pm) |
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