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Infiniti M35 / M45 Lease Questions

1801 messages,  Last post on Jul 01, 2009 at 4:43 AM

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

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#1739 of 1801 by gator5000e Dec 14, 2008 (7:09 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 15, 2008 12:05 am)
#1740 of 1801 Re: [gator5000e] by redline122 Dec 15, 2008 (12:05 am)
Replying to: gator5000e (Dec 14, 2008 7:09 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 1801 too much imho ... by tsol Dec 15, 2008 (5:34 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 1801 by gator5000e Dec 15, 2008 (10:18 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 4:15 pm) redline122 (Dec 15, 2008 8:47 pm)
#1743 of 1801 Re: [gator5000e] by ghstudio Dec 15, 2008 (4:15 pm)
Replying to: gator5000e (Dec 15, 2008 10:18 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 1801 Re: [gator5000e] by redline122 Dec 15, 2008 (8:47 pm)
Replying to: gator5000e (Dec 15, 2008 10:18 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.
#1745 of 1801 2009 M35 by jg108 Dec 20, 2008 (9:47 am)
Car_man, I'm looking for a 2009 M35 with Tech/Adv Tech pkgs. MSRP is $53,035 and invoice $48,619. I have an offer on the table from the salesperson for $49,695. 36 month 15k miles/yr residual is 52% and money factor is 0.00168. I've been told by salesperson that each dealership in So. Cal. has received one 2009 M35. What do you think about this offer and are the residual and money factor correct for December? Thanks. Replies to this message: ghstudio (Dec 20, 2008 3:35 pm) jg108 (Dec 20, 2008 5:40 pm) Car_man (Dec 23, 2008 4:18 am)
#1746 of 1801 Re: 2009 M35 [jg108] by ghstudio Dec 20, 2008 (3:35 pm)
Replying to: jg108 (Dec 20, 2008 9:47 am) That looks like an excellent price on a brand new 09. If you lease the car, consider making multiple security deposits which will bring down that MF by .0001 for each security deposit. As them to run the numbers with the maximum number of security deposits....and remember you get those back at the end of the lease...they are not capital cost reductions. Replies to this message: jg108 (Dec 20, 2008 5:40 pm) Car_man (Dec 23, 2008 4:18 am)
#1747 of 1801 Re: 2009 M35 [ghstudio] by jg108 Dec 20, 2008 (5:40 pm)
Replying to: ghstudio (Dec 20, 2008 3:35 pm) Do you know if the residual and money factor are correct? Also, does anyone know if the $2000 rebate owner loyalty program is in effect for 2009 Ms? Replies to this message: Car_man (Dec 23, 2008 4:18 am)
#1748 of 1801 Re: 2009 M35 [jg108] by Car_man HOST Dec 23, 2008 (4:18 am)
Replying to: jg108 (Dec 20, 2008 5:40 pm) Hi jg108. The lease program that you mentioned looks a little off to me. According to the latest information that I have seen, Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Infiniti M35 2WD with 15,000 miles per year are .00128 and 50%, respectively. I do not believe that Infiniti is currently providing any owner loyalty cash on the 2009 M35.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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