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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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Replying to: ghstudio (Jun 15, 2008 4:56 pm) Term: 24 month / 12K per year Money Factor: .000480 Redidual Value: $32,361.60 MSRP: $50,565 Cost: $600 per month with $1700 down (includes conquest rebate of $1000) and first payment. Without taxes of 7% NJ ($558). Near Princeton area Options: Tech Package, Xenon, Rear spoiler, Trunk mat and splash guard I have the additional payment upfront - it reduces the rate. I will investigate.
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Looks like a great deal. It looks like they are selling you the car at invoice, deducting another $1000 from that using the conquest money and not charging you any dealer administrative costs. I would probably ask them to recalculate the lease with you only paying the first month's payments, registration costs and any tax. This would raise your payments a little, but you would also give them less up front. But here's what I really would do to sweeten this deal more. I would use multiple security deposits and loan infiniti four monthly payments as additional security deposits which would bring the MF down to .00008 and that would bring my payments down by about $30 a month. Think about that....I take $2400 out of the bank and loan it to Infiniti. I pay $30 less a month for 24 months. Each month I put that $30 savings in the bank...so over the 24 months, I have put $720 in that bank account. At the end of the lease, infiniti gives me back the $2400 (it was a security deposit) and I put that in the bank. I now have $3120 in cash. Sure...I could have just left the $2400 in the bank and it would have earned 4% interest, but at the end of the two years I would only have $2595 cash. This assumes that you have $2400 that you can loan for 2 years, of course. |
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Replying to: baju (Jun 16, 2008 5:03 am) |
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What are the money factors and residuals on the Advanced Tech M45 with 12K for 36 and 39 months for June. Am I better off waiting to July to buy. My current lease on a STS is over in mid July. Are they extending the $ 1,000 credit to July? How will multiple deposits affect payments for this vehicle? |
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Replying to: bernster (Jun 17, 2008 10:02 am) If you wait until July you run the risk of losing the $1000 conquest money...no one knows if it will be extended...and also no one knows if the residual will drop or mf will go up. Just look for my old posts on Multiple security deposits....you'll find more than you wanted to know. Just remember, you can't lower the mf below 0. And just to complicate things further. the 2008's are bargains now. When the 2009's come out, they will have normal money factors and residuals which nets out to costing probably $100 plus more per month for them.....at least for the first few months. Of course if the 2009's have the larger engines and 7 speed, maybe you are willing to pay $100 plus more per month. I wasn't....I leased a 2008 M35.
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Replying to: ghstudio (Jun 17, 2008 12:23 pm) Any higher and we are into Mercedes/BMW/Lexus territory and Infiniti has already proven over the years it can't run that race. Face it, Infiniti sells on price. |
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A reporter from a large finance magazine is looking to speak to consumers who just purchased a new Infiniti M35. If you’re interested in speaking to the reporter, please contact Chintan Talati at ctalati edmunds.com with your daytime contact information no later than June 23, 2008.
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How does this sound? I may close on this next week. M35X, Tech, Xenons, mats and winter mats MSRP $50,065 Cap Cost $44,709 ( includes $1,000 conquest) MF .00070 Residual 53% 36 mos, 10K $585/mo (includes 5% state tax) Out of pocket for first month, reg, doc fee, assignment fee, etc. $1,589 Any thoughts? Thanks!!
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Replying to: finadv (Jun 19, 2008 4:41 pm) Also, consider making Multiple Security deposits to bring the MF down to 0001 and save some more money. |
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I have not completed my deal yet: Your deal sounds fair. I have not signed my deal yet...as the dealers keep on indicating the color I want will be a couple of dollars extra.
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