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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: theloungeboy (Apr 16, 2009 11:25 pm) That said, I am completely biased against Infiniti at the moment. My advice would be to look around...but remember that late season leases are usually not competitive because of lowered residuals. Good luck. |
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Replying to: theloungeboy (Apr 16, 2009 11:25 pm) Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a base 2009 M35 with 15,000 miles per year are .00073 and 44%, respectively. Infiniti is providing a special enhanced 39 month money factor of .00033 for current M35 owners and lessees right now. There is also a $2,000 loyalty cash incentive on leases of this car for current owners of any Infiniti and $3,000 for current M owners and lessees. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I've got a 2007 M35 coming off lease next month. This was my first lease as it seemed to be such a good deal at the time. The residual value is just under $28K. I'm happy with the car & could see myself keeping it. Given the economy, should I expect Infiniti to offer me a discount on the buyout? If so, any ballpark amount ideas? Also, would there be any sales tax over and above the purchase option? (Our state rate is approaching 10%!) The KBB retail value is $30K. I'll probably owe about $2K for excess mileage if I turn it in. I'd appreciate any advice from those of you who are more experienced on this. Thanks in advance!
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Replying to: calboy1 (Apr 28, 2009 8:08 pm) But, as bad as the economy (It is recovering slowly), Infiniti is reluctant to offer much discount on lease buyout in most cases, so you would be lucky if you can talk them to sell it to you for under $26k, plus, you need to pay tax on the buyout amount just like you purchase a used car. Talk to your dealer and see what they are willing to offer and go from there - with the auction price now, Infiniti financial service might changed their mind, at least it worth a try. Good luck!
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Replying to: shmang (Apr 29, 2009 7:16 am) |
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My '06 lease is up shortly and with all due respect I can't wait to give the car back. The dealer's service is incompetent, the management somewhat rude, and the car has defects that they can't (and won't) fix. Inifiniti customer service has proven to be dishonorable (make a compensation offer then retract it), and Nissan executive office lies and then changes their story. Regarding end of lease, they do not negotiate off residual. They would rather take the car back and lose their shirt at the auction. My residual is $27K and the cars are going for under $15k at auction. There are too many out there to retain their value.
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Replying to: art234 (Apr 29, 2009 9:01 am) Also, if the condition is good, the dealer can normally get around $24-25K for M45 (Not sure about M35). So, if you can get them down to $24-25K, it will worth a try. That is, you like the car. There are a lot happy owners, but there are a few with bad experiences mainly due to the incompetent dealership, so it is time to move on unless you can find a much better dealer to take care of you locally.
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Replying to: shmang (Apr 29, 2009 7:16 am) |
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Replying to: shmang (Apr 29, 2009 1:23 pm) Although the experience with my dealer was unsatisfactory and the car itself still has problems, that doesn't mean many of you out there can't be happy with it. That said, I just can't wait for my Audi to come in--ordered a 2010 A4. I wish you all luck, but regarding residuals they will not negotiate at lease end...they get subsidized on the losses at auctions but not at retail.
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Replying to: theloungeboy (Apr 16, 2009 11:25 pm)  . Ft. lauderdale FL |
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