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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

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


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#1800 of 1827
Re: End of Lease [shmang] by finadv
Jun 30, 2009 (4:53 pm)
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Replying to: shmang (Jun 30, 2009 2:13 pm)

Amen! Well said.
#1801 of 1827
Re: End of Lease [shmang] by art234
Jul 01, 2009 (3:43 am)
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Replying to: shmang (Jun 30, 2009 2:13 pm)

Actually, I was quite resigned to the fact that they couldn't fix the car. What got me was their offer of compensation-one month payment and reimbursement for my share of tire replacement (which later became a bulletin on the Goodyear tires). That was $1300--and when I called to accept, they said they changed their mind and did not feel like giving me anything. Then a manager at Nissan corporate told me that they could not legally change their mind, and back tracked a day later and said they could.
 
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....
#1802 of 1827
Re: Car man Help [f1fan3] by Car_man HOST
Jul 06, 2009 (3:24 am)
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Replying to: f1fan3 (Jun 19, 2009 6:27 am)

Hi f1fan3. If I was in the market for an M35 and the dealer that I was working with was not willing to ise Infiniti Financial Services' buy rate lease money factor to calculate my monthly payment, I would find a dealer that was willing to work with me.
 
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
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Prices Paid: Buying & Leasing Experiences Forum
#1803 of 1827
anyone lease a 2009 m35 sport? by rogerthat_101
Jul 06, 2009 (1:51 pm)
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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?
#1804 of 1827
What would you do? by rbfriedman
Jul 14, 2009 (7:49 am)
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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?
#1805 of 1827
Car man Help Please! by mikeindallas
Jul 14, 2009 (3:48 pm)
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Replying to: Car_man (Jul 06, 2009 3:24 am)

Car man, I need your invaluable opinion!
 
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
#1806 of 1827
Re: Car man Help Please! [mikeindallas] by Car_man HOST
Jul 17, 2009 (2:37 am)
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Replying to: mikeindallas (Jul 14, 2009 3:48 pm)

Hey Mike. The dealership isn't being that upfront with you. The money factor that they quoted you is higher than IFS' buy rate. Its current buy rate lease money factor and residual value for a 39 month lease of a 2009 M35 with 15,000 miles per year are .00042 and 43%. The 36 month factor is even better at .00002 (44% resid).
 
The $5,000 dealer cash that Infiniti is providing on this car in July is not compatible with its special lease program. However, Infiniti is providing a $2,250 cash incentive plus an additional grand on base M35 models ($3,250 total) on leases of this car through IFS.
 
The fact that you are taking advantage of the pull ahead program should not have any impact upon the above numbers.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#1807 of 1827
Re: Car man Help Please! [Car_man] by mikeindallas
Jul 22, 2009 (6:17 pm)
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Replying to: Car_man (Jul 17, 2009 2:37 am)

Thanks for the input, Car Man. I ended up getting them down a bit lower on the money factor, but not all the way down to the .00042. It seemed that the dealership that offered the .00042 rate did not have the car I wanted, nor would they apply the full $3250 in discounts, so the rates still ended up being higher with the better money factor. When all was said and done, I got a base M35 plus splashguards and trunkmat for $541/month for 39 months, with 15K/year and first month's payment and acquisition fee down.
 
BTW, other than the money factor issue, I would recommend Sewell Infiniti in Dallas. Much better scenario there than at Crest Infiniti in Plano where I leased my previous M in 2006.
#1808 of 1827
Re: Car man Help Please! [mikeindallas] by Car_man HOST
Aug 05, 2009 (2:11 am)
Reply

Replying to: mikeindallas (Jul 22, 2009 6:17 pm)

No problem, Mike. Congratulations on getting your new M. Thanks for stopping back and letting us know how everything turned out. It sounds as though you had a positive dealer experience. You may want to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to tell everyone about it.
 
Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1809 of 1827
August Residuals/MF for 36/12k? by rickwell
Aug 13, 2009 (5:33 pm)
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Can you provide the current IFS buy rate lease money factor and residual value for a 36 & 39-month lease of a loaded 2009 M35 with 12,000 miles per year.
  
In July, Infiniti was providing a $2,250 cash incentive on leases plus an additional $2,000 to current Infiniti owners. Are these incentives still available?

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