Last post on Dec 03, 2013 at 6:19 PM
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Infiniti M37, Car Leasing, Sedan
#1961 of 2392 Re: 2011 INFINITI M37 [daviddamore1]
Jun 10, 2010 (1:40 am)
Daviddamore1, Infiniti Financial Services' residual values for leases with 15,000 miles per year are 1% lower than its residual values for leases with 12,000 miles per year.
I believe that 15,000 miles per year is the highest mileage allowance that IFS publishes residual values 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.
Prices Paid: Buying & Leasing Experiences Forum
Jun 15, 2010 (6:39 pm)
I just purchased an M37x. If anyone has an offer for the american express card 150/500 purchase referral program, please send to me at infm37 (at) yahoo.com
Thanks a lot
Jun 15, 2010 (5:45 pm)
I just purchased an M37. If anyone has an offer for the amex card purchase referral, please send to me at kristopherhennengmail.com. Thanks!
#1964 of 2392 Help on 2011 Infiniti M56x Lease
Jun 16, 2010 (8:54 am)
I am considering the following lease (I am a returning Infiniti customer so I get the $1000)
2011 Infiniti M56x
Splash Guards/Trunk Mat
The lease is 39mo/15k miles
The dealer is quoting $790/mo + NJ tax
Am i correct to be using MF=0.00189 Residual=52% for this car?
If so, I am backing out around $57,000 selling price for the car
Also, the internet sales person isnít claiming to know about the MSD program. She is checking with the finance department.
Can someone confirm that itís still available and applicable to this car?
Please let me know what you think of the deal Ė Iím considering going to close it tonight
Thanks very much
#1965 of 2392 Re: Help on 2011 Infiniti M56x Lease [crazyyakoo]
Jun 16, 2010 (5:25 pm)
up to 9 Multiple security deposits are available on the 2011 M56 leases...I was quoted on one last week same options. I would not close tonight...something is wrong with the mf and residuals. No reason to rush..,,,let's find out the right prices. I was quoted $720 including 7% tax on an M56 36 mos 12k lease. with no money down and 9 security deposits.
#1966 of 2392 M37 sport deal in process
Jun 17, 2010 (5:25 am)
I have a deal pending and wanted to know if its a good one or can I do better.
M 37 sport, sport touring
12k a year
Neg price $51650 (after 1000 loyalty)
$610 a month tax included
$3,450 due at signing
What do you think?
#1967 of 2392 Re: Help on 2011 Infiniti M56x Lease [ghstudio]
Jun 17, 2010 (7:23 am)
Thanks for that. Maybe the MF/Resid are different because of the mileage (I am looking at 15k vs your 12K) and I was looking at 39mo vs. 36. My selling price is 57k so there's some to work there. I had them run apples to apples, adjusting the residual for mileage difference and using the 36 mo numbers (which are a lot better than the 39s on second glance) I get them down to $740 after tax. Getting closer!
Also - one question about the MSD. The dealer is showing me something that says each MSD is worth 0.20% -- not 0.001 on the MF. So instead of dropping the MF by 0.0009 it only drops it by 0.00075. Is there any documentation that says which is correct? I called Infiniti Financial Services and they were not helpful about the program. The closest I've come to finding anything useful and "official" was on the Canadian website:
Last Question (and thanks again for your time). Residuals will change only based on trim level -- they don't change if you add an option package, correct?
#1968 of 2392 2011 m56 lease and current m37 numbers
Jun 17, 2010 (7:51 am)
I am looking at quotes from a dealer yesterday on a 2011 M37 with Premium Package.
M37 36 mos .00255 mf residual .59 for 12K miles (.58 for 15k miles).
M37 39 mos .00272 mf residual .58 for 12k miles (.57 for 15k miles)
Then I have the exact same quotes with 9 security deposits and the 36 mo mf drops to .00065 and the 39 mo mf drops to .00072.
If your dealer is showing you something that quotes multiple security factor as a percent, then he is not showing you infiniti's leasing manual which states the reduction to the mf as .0001. As to see a copy of the infiniti leasing instructions/manual that he uses..or ask him to call Infinti financial services while you are sitting in his office. If he tells you it is other than .0001, walk out of the dealership.
It turns out that even though the 39 mo numbers look worse, the total cost of the lease per month is actually about $20 less in my case.
The mf and residual may be different on an X and I know they are different on the M56. The 36 mo M56 mf is .00173 and residual is .57 for 12K (.56 for 15k). Sorry, I don't have the 39 mo numbers.
One bargaining chip...dealers pay ($500 in my area) to get a car from another dealer. If your dealer has the car you want in stock, make a point of telling him that he doesn't have to spend that money on your deal. Worked for me....price came down $500.
#1969 of 2392 Re: 2011 m56 lease and current m37 numbers [ghstudio]
Jun 17, 2010 (1:12 pm)
Money factors can actually be translated into a standard percent by multiplying by 2400. In the case of MSDs, the .0001 would translate into .24%.
9 MSD's would lower the APR by 2.16%.
#1970 of 2392 Re: 2011 m56 lease and current m37 numbers [svhustler]
Jun 17, 2010 (2:31 pm)
Yes, however infiniti's leasing literature and leasing computer program use .0001....not .24%....so I would not expect a dealer to quote percent. I have asked many dealers about multiple security deposits and I have yet to have one give me anything other than .0001 or in the case of BMW/Mercedes .00007. I believe Lexus is also .00007. Infiniti's program is much more generous and a better financial choice.
Everyone putting money down up front should use multiple security deposits instead...if they understood Multiple Security Deposits. Just use the same money you would have used as money down....but use it a different way..