Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1640 messages, Last post on Sep 04, 2008 at 4:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
After reading that someone just got a M45 for $1K over invoice at Winner Inifiniti in Wilmington, DE, I went to my local dealer (in the NYC metro area--which I won't identify out of caution and deference to the dealer) and offered 1K over invoice for an ordered M45, which the dealer immediately accepted. I told the dealer that if they did not match, I would not hesitate to get the car from Winner Infiniti at 1K over invoice given that such a savings is well worth the 1 1/2 hour drive from NYC. Had the local dealer not accepted, I would have indeed called Winner and ordered the car from them. Although I live in NYC, I have sometimes leased cars from dealers in Central Pennsylvania to save big bucks. The details of the car I have negotiated for is: 1. M45 Sport with the following options and color combination: U03 (Tech Package with Sirius) J02 (Journey Package Sport) W01 (Wood trim) P93 (Rear Deck Spoiler) B94 (Painted Splash Guards) T92 (Trunk Mat with space saver tire) Exterior color: liquid platinum (the bright silver) Interor leather color: graphite (the black leather) Total capitalized cost of the lease is $53,292 ($1,000 over invoice including the destination charge). (MSRP is $57,200). The lease is for 18,000 miles per year, 39 month term. Zero cap cost reduction. $1500 drive off costs (security deposit, first month payments, doc and title fees) The monthly payment is: $736.25 with sales tax rolled in. $669.39 with taxes up front. The money factor is .001570 (equivalent to 3.768% APR) The residual is $33,139.70 (about 58%) What do you think of this proposed deal? Having leased many cars, I think this is a good deal but your opinions are welcome.
|
|
|
Replying to: 540dude (Sep 21, 2005 6:06 pm) That seems like a great deal. My lease numbers are posted above and yours seems pretty similar. The MF is significantly lower than mine but that is probably to offset the lower RV. One thing to consider is looking at the 42mo lease. My monthly payment was about $50 lower than 36 mos. I chose the non-sport M45 because the ride on the sport seemed a tad harsh and loud but I sure do like the look with the sport wheels. Take the plunge, you won't regret it. Its a fine car. Dave |
|
|
Replying to: 540dude (Sep 21, 2005 6:06 pm) One more thing. It is my understanding that you don't need to put down a security deposit for Infiniti Finance if you have good credit. On the other hand, it might be worthwhile for you to look into putting down multiple security deposits(MSD) if Infinity finance allows it. I was going to ask the dealer about it but in all the excitement it slipped my mind. Good luck. Dave |
|
|
You're welcome gdukes1975. Individual dealers do not have the authority to alter banks' residual values so you should be fine with that aspect of your deal. As far as the money factor goes, the fact that you know what your car's buy rate is will go a long ways in your attempt to make sure that it is used to calculate your vehicle's monthly payment. Even though this Infiniti dealer appears to be the only game in town for this particular car, there are lots of other brands out there. You can always give this dealer the impression that you will purchase a different vehicle if they do not use the buy rate to calculate your payment. Car_man Host Smart Shopper / Prices Paid Forums
|
|
|
Hi 540dude. I can't calculate a sample lease payment on it without knowing its full MSRP, but the other aspects of your deal look good. You got it for an attractive selling price and the money factor that was used to calculate your monthly payment is in line with Infiniti Financial Services buy rate. If you like the car, I don't see any reason not to pull the trigger on this deal. Car_man Host Smart Shopper / Prices Paid Forums
|
|
|
Replying to: Car_man (Sep 28, 2005 2:58 am) The full MSPR was $57,340. Still a good deal? I think so.
|
|
|
|
|
Once again, thanks for the information Car_man. This help has been invaluable. I have one more question though. I got a quote from the dealership giving me a MF of 3.48 for a 42 month lease on the M35. Does this mean that it will be .00348? If so, that seems monstrously high. They never said %, they just left a message saying the MF=3.48 with IFS for the vehicle I requested. I haven't called back because I am in no hurry to buy, and I don't want to go in without all the aces up my sleeve. Once again, this forum is amazing. I just wish I would have used it when I bought my '99 Q45. |
|
|
I don't have the full details yet. I ordered an M45 Sport, fully loaded: Diamond Graphite Bourbon Interior Wood Trim Journey Package Tech Package/XM Full Aero Package (Body Kit) MSRP $60,250 Here is what I am getting: 24 mos. lease $1906 down $823.21/month (tax included) 15k miles/yr How does this sound?
|
|
|
Replying to: baimer8 (Sep 29, 2005 7:25 pm) What is the selling price (total capitalized cost of the lease). What is the money factor? What is the residual? Look at my deal above. $733 per month with New York City and state taxes (of 8.625%) rolled in for 18K per year. $1K above invoice. I paid NO cap cost reduction (down payment). The only option that you are getting that I did not was the full aero kit (I just got the rear spoiler). Also, are you getting the rear DVD player? With all due respect, I think you are getting ripped off.
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2008 Infiniti M35
2008 Infiniti M45
Browse by Board
Browse by Topic
Today's Chats
