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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1642 messages, Last post on Sep 06, 2008 at 5:49 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, everyone. Stopped by at dealer today to talk a few numbers about M35 2008. MSRP $47300, haven't talked about cap cost yet. What I got is 24 months / 59% resd / .00102 or 36 months / 49% resd / .00164. Do these numbers seem realistic? Anyone knows current figures for July? How negotiable money factor is (if any)? I know I can reduce it with MSD, and I plan to, but what else determines MF? Does excellent credit score reduce MF? Also, dealer said there is no incentives / rebate for leasing (I'm new to Infinity). Is that true? There is $4000 manufacturer to dealer incentive, should I insist on reducing the cap cost because of that? And last one, assuming I'm ready to pull a plug this week, what is the realistic cap cost for $47300 MSRP? Thanks Location: Rockville, MD |
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Replying to: leon_0905 (Jul 21, 2008 12:23 pm) Last November my brother got an M35x from them for $422 a month for 42 months with $2610 down cap reduction. |
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I'm very new to negotiating a lease on an M35x. I've been reading the postings on this site and have been very interested in what I'm reading but to be honest still a little confused on some of it. I've put out request for quotes from the edmunds site to dealerships in three large cities, Chicago, St. Louis and Indianapolis. I live centrally located to all. In talking to the dealerships I've been upfront about comparing offers from all locations and that I do not have a problem with going to any of the three areas to purchase the car. I've told them I'm interested in a 39 mo. lease with 15k/yr, no money down, and I want to use the $2000 customer loyalty towards multiple security deposits (my husband leases a G35 that expires early Sept.). The dealerships I've talked with so far say they don't know anything about MSD. They've told me they've never heard of it and that nothing can buy down your MF. It's all the same through Infiniti. I've also asked that they send me the residual value used as well as the MF. I would appreciate anyone who can enlighten me on this. Have I misunderstood how this works? Any adivse with negotiating a deal would be appreciated!
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Replying to: jlr5 (Jul 21, 2008 5:37 pm) Good Luck! |
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Replying to: jlr5 (Jul 21, 2008 5:37 pm) As far as applying the conquest cash to MSD's, I don't think you can do that....it must be deducted from the capitalized cost.
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Replying to: ghstudio (Jul 21, 2008 8:32 pm) Can you explain what the conquest money is? Is that the $2000 rebate? And, I see that Infiniti is offering a rebate to the dealership in the amount of $3000 for Marketing Support. Is that done on each car sold? Can I negotiate with this figure? Thank you again for the info.
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Replying to: jlr5 (Jul 22, 2008 4:53 am) You do have to find out how much conquest cash is available for leases...it's not always the same as for a cash deal.
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The $2000 conquest money ended July 7 July 8 began a new incentive program of $3000 or 0.9% financing-- you may have one or the other but not both |
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Replying to: ghstudio (Jul 22, 2008 5:36 am) I should negotiate to have the $3000 Marketing Support that's paid to the dealership from Infinite, as part of my lease. I should negotiate to have this applied to the lease after reaching the final sale amount for the car, which should be at least the invoice price or less. I'm still confused on the $2000 customer loyalty cash, which I qualify for. In a prior post I thought you said the buyer should take this rebate, do not give it to the dealer, and use it to make MSD with. But, if I'm reading your answer correctly this time are you saying it cannot be used in that way. It should be used as a cap cost reduction?
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I just received this offer and since I'm still so new at this can anyone tell me what they think of it - good, bad? I did ask about making multiple security deposits and that is not included in this. I do have another email from this dealship telling me they have good news on the MSD and want me to call. Would like to know how this deal looks before calling back. • Options - Nav Tech, Xenon head lights with AFS, trunk mat (vehicle detail attached) • MSRP - $50,670 • Cap Cost - $44,999 includes $2000.00 Lease Infiniti Owner Loyalty Cash • Term - 39 months • Yearly mileage - 15,000 miles • Downpayment - $0 • Residual - 49% • Money Factor - 0.00116 • Local Tax Rate - 8.75% • Monthly payment - $720.12 • Total Initial Payment - $1082.12 (includes Processing fee, and Illinois licensing fee) • Processing fee - $189.00 • Illinois Licensing fee - $173.00 Thanks to all of you who have been so helpful!! |
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