Last post on Dec 03, 2013 at 6:19 PM
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Infiniti M37, Car Leasing, Sedan
#1913 of 2392 Re: 2011 M37 Lease [lakincaid]
Apr 02, 2010 (2:34 am)
You are absolutely right, lakincaid. Tat money factor is way too high. If your credit is in good shape, a score of 690 or higher, then you should qualify for Infiniti's best available rates.
Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 M37 with 10,000 miles per year are .00194 and 57%, respectively.
Make sure that whatever dealer you work with uses this factor to calculate your payment. If this dealer isn't willing to do so, try shopping around.
Prices Paid: Buying & Leasing Experiences Forum
#1914 of 2392 Re: Current Lease Rates on 2010 M35x [e325rkh]
Apr 02, 2010 (2:36 am)
Here's the latest info for you, e325rkh. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2010 M35x with 12,000 miles per year are .00255 and 51%, respectively. The numbers for an otherwise identical 36 month lease are a much more attractive .00003 and 49%.
Prices Paid: Buying & Leasing Experiences Forum
#1915 of 2392 Re: Current Lease Rates on 2010 M35x [Car_man]
Apr 02, 2010 (3:40 am)
Thank you Car_man. I ended up doin the 36 month with the same lease terms you quoted and about $13K off MSRP. Very happy!
#1916 of 2392 LEASE QUOTES
Apr 02, 2010 (4:02 am)
Did anyone get any quotes from the dealers? I received a quote for a 2011 m37 with sport and premium packages
10k miles a year
$1,500 due at signing
$645 a month.
I dont have any figures on what he based this payment on. It seems a little high, but No one on the North east (new york) have m37 sport. Dealers say "due to our weather we only order m37x. if you want sport, we can order and you can wait 3 months for it"
#1917 of 2392 m37 lease help
Apr 02, 2010 (10:10 pm)
I am looking at a 39 month lease on a 2011 M37 (premium package) with 12k miles. The dealerships "best offer" is $662 month with $5k down (they are kicking in $1k in loyalty dollars). I have leased from this dealer 2x (currently have a G35 due end of June). I also have very strong credit (765+). I was told the money factor is about .002? I am fine with the dealership making money but don't want to get bent in the process. PLEASE HELP
#1919 of 2392 Re: m37 lease help [andrewi]
Apr 03, 2010 (6:45 am)
You should not have to pay more than $500 over invoice, even if it's a new 2011...and then deduct the $1000 loyalty credit. (remember the dealer also gets that "administrative fee" plus the "dealer holdback" as pure profit...so don't feel bad.
Don't worry too much about your salesman getting nothing. Most dealers have a "minimum" commission for their salesmen...so he'll get $250 or more, no matter what you pay.
You should never put money down on a lease. If you have $5000 to use for a down payment, apply that, instead, to make multiple security deposits which will reduce the money factor (interest) that you pay...and you will get the $5000 back at the end of the lease. It's a much better...and much safer deal than giving infiniti the money up front. (the danger with a down payment is that if you total your car or it is stolen, they will keep that $5000 instead of paying the gap insurance...and you lose the $5K).
#1921 of 2392 Loyalty incentives demotivate some knowledgable buyers
Apr 03, 2010 (7:21 am)
Like me, for instance.
Giving an additional grand or two off for owning a brand (Infiniti) just indicates that there is that much additional wiggle room (margin) in the deal, or the cost TO the dealer. Wonder if one could negotiate it out of the deal. It would have to come from Infiniti, I believe.
Why should I be required to underwrite loyalty incentives for others? This has always pissed me off, and has kept me from seriously considering an Infiniti. I guess it's a consequence that Infiniti has factored in, and they believe it creates more sales than it loses.
I disagree and believe it discourages first time buyers, for whatever it's worth.
#1922 of 2392 Re: 2011 M 37 starting point [svhustler]
Apr 05, 2010 (11:20 am)
The $45,888 in my deal was the Cap Cost used for the leasing calculation. I know that it included the Loyalty reduction and I am unclear on the specifics for the remainder of the cap reduction.
I have a June 1 turn back date for my current lease and thus have decided to watch the market for a bit longer. Traditionally the deals get better as you get deeper into the summer.
Based on recent threads, I am also planning on looking at the 2010 lease option. With many folks getting 10 k or better off of MSRP the deal looks compelling.
Good Luck in your hunt!