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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
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: cnewhouse (Aug 26, 2008 4:30 am) If you were to lease this car through IFS, at lease signing you would have to pay your first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, IFS' $595 acquisition fee, and any required state taxes or fees. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Carman, I was speaking with a local infiniti dealership in CT and he told me the 24 mos lease at 47k and change for a 50,800 car, now has a residual of 56% and the payment would be $857/mo with 1680 out of pocket, 12k miles. I have more details about the money factor at work, but it was low. The best deal they had going was 39 mos at 1600 out of pocket 644 mo, these numbers included tax at 6%. I have the D plan and it seems like we are slightly above invoice but I'm not sure if he took the $2k cash if it's still available on leases. The best deal was a 6k rebate on the car with my own financing which would be 4.25%. Any insight. The lease rates seemed high as he quoted Tier 1 for credit. The car was an M35x with tech and xenon headlights.
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Replying to: readyformyrl (Sep 04, 2008 3:12 pm) First, with Plan D, you should be able to buy this car about $300 over invoice. Then, if you are a current Infiniti owner, you should subtract another $2K from that price to get the capitalized cost (and then you add in the administrative costs and the origination fee to this to get the total amount you are capitalizing). The $2000 "loyalty money" is in addition to your Plan D....and that's pretty clear in the dealer explanation. However, you should be able to buy this car for invoice price even without plan D...so you might do better (as I did) forgetting the plan D (which is what I did, by the way). I paid invoice less $2000 for an M35. You should be able to get the same deal...forgetting plan D. The second problem is that your out of pocket should be only your first months lease payment plus registration fees plus any taxes required by law....nothing else. That does not add up to anywhere near $1650. So let me net this out....either find another dealer or walk into the sales managers office and tell him that you are serious buyer and you dont' want to be jerked around by sales droids.....and the first deal was almost insulting.
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Replying to: ghstudio (Sep 06, 2008 2:46 pm) Thanks!
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Replying to: readyformyrl (Sep 06, 2008 4:49 pm) Also post each dealer's MSRP, "selling price", and the money factors and residuals they are using for each lease term. We'll get to the bottom of this. Too bad you are in NY where you can't use multiple security deposits to reduce the money factor... |
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Can anyone tell me if the $6,000 marketing Support that Edmunds is showing can be used towards a lease or is it just for purchases only?
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Replying to: dwongswong (Sep 07, 2008 8:03 pm) Leases have 2k in rebates if you are an IFS customer, unfortunatley I'm not one of those. Good luck! |
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I have a couple of questions maybe someone can help me with. My local dealer has a used 2007 M35X, just under 11,000 miles, technology pkg, splash guards and trunk mat. Selling price $33,390. Is this a good price? Also would a dealer lease a used car? Thanks in advance for any help.
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Replying to: BobL242 (Sep 08, 2008 4:46 pm) As far as leasing used vehicles goes, many manufacturers do lease Certified Pre-Owned vehicles. However their lease programs for used vehicles often lack the support that their new vehicle leases have. As a result, used vehicle leases often cost the same as, or are even more expensive than leases of similar new vehicles. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I've chosen a M35 AWD to lease but need help. The TMV for the car has gone down to $42,346 after Sept 3rd from $44,782 (I think because of a $6,000 cash to dealer incentive?). Here is my question: If the MSRP is $50,085 for the vehicle and the dealer is leasing it to me for $46,500 “capitalized cost” …Am I getting a fair deal??? The monthly payment will be $704 for a 39 month lease/12,000 miles per yr with only 1st payment and fees (total of approximately $760 down). Thank you so much for your help!
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