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Infiniti M35 / M45 Lease Questions

1830 messages,  Last post on Nov 16, 2009 at 7:02 PM

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What is this discussion about? Infiniti M35, Infiniti M45, Car Leasing, Sedan

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#1735 of 1830 Re: Should I Pull The Trigger??? - An M45 Dreamer Ponders [redline122] by Car_man HOST Dec 08, 2008 (2:49 am)
Replying to: redline122 (Dec 03, 2008 11:48 am) Hi redline122. I've had a chance to take a look at Infiniti's new December incentives and I would be happy to fill you in on the details. This month, it is offering a total of $8,500 in cash incentives or 0% financing for up to 3 years and 0.9% for 4 to 6 years PLUS $1,500 or a special lease program on the 2008 M45.   The terms for the lease program vary by term and mileage allowance. I will provide you with the numbers for a typical lease, 36 months, 15,000 miles per year for now to give you an idea of what the program is like. Let me know if you want something a little different. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 M45 2WD with 15,000 miles per year are .00001 and 44%, respectively. The $1,500 bonus cash is compatible with this program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: redline122 (Dec 08, 2008 8:07 am) gator5000e (Dec 11, 2008 12:18 pm) redline122 (Dec 12, 2008 9:31 am)
#1736 of 1830 Re: Should I Pull The Trigger??? - An M45 Dreamer Ponders [Car_man] by redline122 Dec 08, 2008 (8:07 am)
Replying to: Car_man (Dec 08, 2008 2:49 am) Well, here's the offer that the dealership is considering - the sales manager will be reviewing my offer with the general manager tomorrow. The car has been sitting on their lot since September, where as they are bringing in profits on the G35 0.9% deals day in and day out.    M45 MSRP: 56170 (sport, tech/nav) Invoice: 51364 C/I: -8500 Dealer's Cash Price Offer: 42864 My Cash Price Offer: 40626 + t.t.l.    The sales manager informed me that they would offer the following items at their cost if the deal goes through: 3 year service package (that covers oil changes and tire rotations every 5k) for $240 Lojack for $599   He also has a friend/contact that could tint the car up for about $100 - he didn't want to offer me the dealer's tint cost of $270.    Car_man, could you respond with the tier 0/1/2 standard finance numbers with Infiniti Financial Services?   Let's see how this flies... Replies to this message: gator5000e (Dec 11, 2008 12:18 pm) redline122 (Dec 12, 2008 9:31 am)
#1737 of 1830 Re: Should I Pull The Trigger??? - An M45 Dreamer Ponders [redline122] by gator5000e Dec 11, 2008 (12:18 pm)
Replying to: redline122 (Dec 08, 2008 8:07 am) redline122, what happened? Did they respond to your offer? I am curious to know. Thanks. Replies to this message: redline122 (Dec 12, 2008 9:31 am)
#1738 of 1830 Re: Should I Pull The Trigger??? - An M45 Dreamer Ponders [gator5000e] by redline122 Dec 12, 2008 (9:31 am)
Replying to: gator5000e (Dec 11, 2008 12:18 pm) gator, The final price ended up being $41,350 ($724 over my final offer). I wasn't gonna muck about any further and took delivery of the vehicle on Monday night.   The experience with the dealership was good. I probably spent about 3.5 hours of my time to go from my first contact with the dealership to closing on the final number.
#1739 of 1830 by gator5000e Dec 14, 2008 (6:09 pm)
I received a lease offer on the M35 w/Tech package. The dealer work sheet shows the following:   Retail Value: $48,335 Savings(?): $4,635 Adjusted Sale Price: $43,700   Administrative Fee: $499 Accessories: $834 - Prepaid Maintenance and wheel locks   Sales sub total: $45,033 Acquisition Fee: $815 TTL: $150   Net Sales Price: $45,998   MF: .00001 Residual: .44%   Using these figures, I have been given a lease offer for 39 mo/12K miles of about $662 per month with zero down. My figures have come up with a higher payment.   Problem is this is the only Infiniti dealer in the Orlando area so they are not under a lot of pressure to bargain. They say they only have a few of the 2008 M35s with tech left. I am sure I could get a little more out of them like waiving the Accessories fee.   Everyone in this list has been very patient with me and I appreciate it. I have tried to figure the payments and don't feel comfortable i have calulated correctly. Any thoughts would be appreciated. Thanks. Replies to this message: redline122 (Dec 14, 2008 11:05 pm)
#1740 of 1830 Re: [gator5000e] by redline122 Dec 14, 2008 (11:05 pm)
Replying to: gator5000e (Dec 14, 2008 6:09 pm) gator, Have you already taken delivery with this deal?   1. Ask them what this "administrative fee" is. This is a negotiable line item. 2. How much is the prepaid maintenance? Is the plan good for up to 39 months? Or is it prepaid for more months, which would be unnecessary for your lease deal. 3. How much are the wheel locks? Heck they should be giving these away! Keep in mind that the residual value of "dealer addons" like wheel locks, and chromed/aftermarket wheels are MUCH lower than the base price of the car. I remember looking at a BMW 5 series where the residual on the car was 49%, but the residual on the accessories that made the car sooo sexy came in at a meager 10% - that throws the numbers in a tizzy to say the least. 4. You can get a car from any other state... the cost of shipping could be as much as $1000. That may still pose a cheaper deal than what you may be getting in Orlando. 5. Have you tried the Edmund's lease calculator It's actually pretty good!
#1741 of 1830 too much imho ... by tsol Dec 15, 2008 (4:34 am)
This number looks like what they did last year (fall '07). I think you can do better, but I admit the residuals have been very low these days as the manufacturer/dealer seem to be favoring sales vs. leases. I think you could actually buy this car over five years with a similar monthly payment even with zero down. Check out the deals in the Sales Experience forum for the M cars.
#1742 of 1830 by gator5000e Dec 15, 2008 (9:18 am)
redline122, I believe, but need to clarify, the Admin fee is the same as dealer prep/doc fees. I also have to check on the time for the pre-paid maintenance. I realize all this stuff is pure profit to the dealership. I may ask them for a cash price deal even though I am not crazy about financing a car.   I have to weigh this against an offer for a RWD 2009 Caddy CTS for $37500K fully loaded. So confused!! Replies to this message: ghstudio (Dec 15, 2008 3:15 pm) redline122 (Dec 15, 2008 7:47 pm)
#1743 of 1830 Re: [gator5000e] by ghstudio Dec 15, 2008 (3:15 pm)
Replying to: gator5000e (Dec 15, 2008 9:18 am) If you are one of those who follow the "dealer's recommended service" packages AND this fee covers the 30K service, it's probably an OK deal....because that service (as recommended by most dealers) costs $800-1100. The reality is that you really don't need to do all the stuff in the recommended service but as I said, if you follow them blindly.....
#1744 of 1830 Re: [gator5000e] by redline122 Dec 15, 2008 (7:47 pm)
Replying to: gator5000e (Dec 15, 2008 9:18 am) Ah okay... these fees are negotiable... I got them down to less than $100 when I was buying the vehicle. I am assuming that this is not the lease acquisition fee that the bank wants correct?   The leasing company fee (acquistion fee) is usually a separate line item from the dealer's doc fee.

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