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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1827 messages, Last post on Oct 26, 2009 at 2:06 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Carman, thanks for all of the info. It got me into my G35 at a great rate last year and now I am working on a M35 for a family member. 18K year/ 39mo MSRP 55185 INV 50,880 Cap Cost 51,380 MF .00081. Residual: 42.333% Sales tax rate Ohio/7% Using the 2,500 cash to customer to make $0 due at inception. Breakdown of 2,500 is: 350 DMV/Registration 818.26 first payment 1244.62 Cap reduction 87.12 Cap reduction tax total is 818.26 a month. My questions Is it normal for dealer to jack up money factor. He tells me he cannot do the .00012 even thought family memeber is current FX45 owner? Why would a dealer use such an odd residual? Is it to make up for the extra mileage? Do you have official Infiniti numbers (MF/Resid) on a 39mo/18K lease? Should I be getting any other loyalty/dealer/customer cash? I am trying to put this together in the next day or so to qualify for the $650 in Amex gift cards ($150 for me and $500 for family member) Any were else I can negotiate better?
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f1fan3 You should be able to get the car at invoice or below at this point! They are screwing with you on the money factor. It should be what CarMan listed for June. I would contact any other dealers in about a 50 mile area for their quotes. You should be able to do better. If you are not able to work out a deal for your family member I would be interested in partnering up with you on the AmEx gift card. I lease an M-35 this month. Let me know and I wil pass on my e-mail. |
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Replying to: barryend (May 16, 2009 6:05 am) I agree with everything you have said--my 2010 Audi A4 is in the port and should be released to the carrier on Thursday-I should be driving it by next weekend. That said, I think it's worth making everyone here aware that Infiniti corporate is dishonest and dishonorable, and have given me no alternative but to consider suing them for compensation they promised me and then decided they didn't want to pay. I don't need to recount the details, but my car was in shop for over a month cumulatively, the entire drive train was replaced and the issues were NEVER fixed. After offering me substantial compensation for my time and inconvenience, they then changed their mind and refused to give me anything. They now owe me $1300, and my attorney is trying to collect. Regarding lease end inspection, I posted elsewhere it was more than fair. So caveat emptor--buyer beware before even THINKING of getting an Infiiniti.
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Replying to: art234 (Jun 30, 2009 9:31 am) That can be said for any luxury brand - i.e.: MB, BMW, AUDI or ACURA when unfortunately, the car you get has some major defects (there is no manufacturer produce 100% perfect cars and there will be bad ones - even for Lexus). I have 2 friends who owned MB and AUDI that had bad experiences and swear just like you that they will NEVER buy another MB / AUDI respectively. BMW is no exception either - read their forum and you will hear horrible stories as well. So caveat emptor--buyer beware before even THINKING of getting a vehicle.
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Replying to: shmang (Jun 30, 2009 2:13 pm) |
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Replying to: shmang (Jun 30, 2009 2:13 pm) THAT'S the part I have a problem with--they are not honest. But that's okay, my attorney is on it. There are many cars with defects which can't be found or fixed...although it doesn't help when a service manager comments on a buzz in the interior by just telling you to turn your radio up.... |
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Replying to: f1fan3 (Jun 19, 2009 6:27 am) 15,000 miles per year is the highest mileage allowance that IFS publishes residuals for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. IFS' July 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 .00002 and 44%, respectively. Infiniti is currently providing a $2,250 cash incentive on leases of this car for all consumers plus an additional $2,000 to current Infiniti owners. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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if so how does it drive. What are the lease #'s for the vehicle in NY, w/ zero down. Is it worth getting the sport instead of the all wheel drive model? |
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I currently have an 07 M35 with adv. tech & nav. Because I traded in my old car (a crappy VW), my lease payments are currently $537/mo. My 2-year lease ends in November. At dealership today, they tell me that I can turn the car in now, and they'll put in a nicely equipped (Tech/Nav.) 09 M35 for a little over $600/mo. No money down for me (just first payment), and I don't have to pay the remaining 4 payments on my current lease. I could wait a little longer and enjoy the low payments on my current car, but it's very possible they run out of 09 cars by next month, and then I'm shut out of all these incentives. (also considering a G35, but it seems like the MF is so high on the G and incentives so much lower that it's really not as good a deal. Thoughts? |
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Replying to: Car_man (Jul 06, 2009 3:24 am) I am currently working a deal in Dallas on a base M35 w/splashguards, MSRP $46,830. I have a dealership that has so far been pretty up front about things offering a 43% residual and .00082 money factor on a 39 month, 15K/year lease. I am VPP (affiliate), so by my calculation, this vehicle should start with a cap cost of $43,616 if I am following the formula from Nissan's site correctly. The deal information shows a cap cost of $40,590, which would appear to be pretty close to my calculated cap cost w/VPP, minues the 3K worth of rebates currently offered per Edmunds. Here are my concerns/questions: 1) The money factor seems to be a bit higher (and the residual a point lower) than what you listed in another message for July - can you confirm what you had before was accurate? 2) Edmunds seems to think there is another $2250 (or $2225, Edmunds description contradicts itself) in cash to dealer lease support on this vehicle that my dealer is not talking about. Is that available with VPP and the other 3K in rebates, or is there some special rule that prevents that? I did not see anything in Edmund's description that said they could not be combined. Also I am taking advantage of the pull ahead program to cover my last payment on my previous lease, which is due July 20th (thus the hurry now). I don't think the pull ahead program affects any of the lease numbers above, but wanted to mention it just in case. Thanks! Mike
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