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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1640 messages, Last post on Sep 04, 2008 at 4:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| Today I went to price a M35X w/journy, navi, splash,mats the price was $2500 over cost. 36mon 12k mi lease rate was 58% resid,and money factor of .002 This was from Infinity lease. I think I am going to try Chicago or Milwk. The price was $46547. I also looked at a Lexus LS430 55% resid, money factor of .00120. HELP regards Nitro | |
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Hey Carman, Looking to price out M35 Sport for 24 and 36 mo 12,000 mile lease. Can you provide money factors and residuals please? MSRP $50190 Thanks
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I just did a lease last night which I have not yet taken delivery. However, when I got back from the dealership and did some computations, I believe the dealership did the lease improperly. Perhaps, someone could shed some light on this? The lease is on a M35x w/ Jouney/Tech/Sirius. MSRP is 50940 and VPP cost is 47000. It seems the dealer based the lease on the Cap Cost and not the MSRP. My experience with every other lease is that it should be based on MSRP. These are the terms as I posted on the prices paid forum: 2 year lease w/ 15k miles per year was the following: Cap cost = $47000 Tax = $1490 Total Cap = $48490 Residual = 69% MF = .0001 Monthly Payment = $750 Bank Fee (550), Doc Fee (299) and License fees (56.50) were paid in cash. Running the numbers through a lease calculator, I believe it should have been something like: MSRP = 50940 Base Cap Cost = 47000 Tax = 1490 Total Cap = 48490 Residual = 35149 MF = .0001 Monthly Payment = 639 Running it through the estimator on Infinit.com I came up with the following: (this doesn't take into account the Tier 1 credit score w/ better MF and no security deposit... not sure how they're basing residual either) MSRP = 50940 Adjusted Cap Cost = 48490 Monthly payment = 672 I've called the dealership and they're closed on Sunday. Left a message for them to call me ASAP before I take delivery. Any suggestions on how this lease should be properly calculated? Thanks!
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Replying to: mule714 (Feb 05, 2006 9:33 am) i could be wrong but i've necer heard of a money factor that low. They usually fall between .0013 to .002
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Replying to: dc661 (Feb 05, 2006 9:45 pm)
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Replying to: mule714 (Feb 05, 2006 9:56 pm) Rate = 2.390 In my mind that means the Percentage Rate is 2.390 which would equate to the .001 MF. Turns out the dealer said it was a matter of semantics and that the money factor is 2.390. Never heard of such a thing. MFs are typically in the form of .00xx. After refusing to take delivery of the vehicle, the dealer met me more than half way. Wound up with a MF of .00139 which dropped my monthly payment to around 660. Now comes the investment in DVD-A discs. 
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Just wondering if the February money factor and residual values are available yet? I'm considering the M45 sport and would be looking for 36 or 42 month, 10K or 12K/yr. Thanks in advance!
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Here's the details: 3 years, 18,000 miles, zero down, 6% tax. M35x w/NAV & journey: $648/mo + $1712 (tags, bank, 1st mo.) M35x stripped: $609/mo + $1673 (tags, bank, 1st mo.) Based on the 43,140 stripped price I was quoted, I suspect there's more to be squeezed. Any thoughts on these deals?
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Replying to: mule714 (Feb 06, 2006 9:41 pm) |
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Where did you buy the car from ? Thats a great deal, let me know. Also how do you like the car ? Did you get a price with 15k a year ?
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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
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