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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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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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Replying to: mikeindallas (Jul 14, 2009 3:48 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 17, 2009 2:37 am) 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.
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Replying to: mikeindallas (Jul 22, 2009 6:17 pm) Enjoy your new ride  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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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Car Man, First post but long time reader. Can you tell me if this is a good deal or can I do better? Where is a good deal? M35 fully loaded List $53,035 Sell price $47,785 MF .00002 $1,000 for 1st payment and misc. fees 15K miles per year 36 months Payment is $689.00 According to dealer, car is out of state and will need to go get it. I think they're trying to justify the pricing. Any advice is appreciated. Thanks
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Replying to: rickwell (Aug 13, 2009 5:33 pm) The cash incentives that were available on leases of this car in July are still available. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jabat (Aug 16, 2009 4:04 am) Now let's take a look at the other important factor, this car's selling price. The car that you described, a 2009 Infiniti M35 that has an MSRP of $53,035 probably has a spread of around $4,350 between its full MSRP and its dealer invoice price. Add to this the $2,250 cash incentive that Infiniti is currently providing on leases of this model and this spread increases to around $6,600. You were quoted a discount of $5,250 on this car. That is probably around $1,350 over dealer invoice. That's not bad, but if you are in an area that has a decent level of competition, I would not be surprised if you were able to shave another couple hundred dollars off of this car's price. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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In Texas, IFS just announced they will extend tax credits on all remaining 2009 M's (both 35 & 45) from 9/3/09 to 9/08/09 - it is a short window, but you save about $50 off your payment. I mentioned a few weeks ago - that if you were thinking about a 2009 M - don't wait. We are down to 5 left in stock and we are one of the largest Infiniti dealerships in the country! So, selection is drying up. 2010 should hits lots anyday now. 
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