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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1883 messages, Last post on Mar 15, 2010 at 3:00 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Congratulations on your new car ahsim. I'm glad that you found this discussion so helpful. Thanks for taking the time to stop back and let us all know how your deal turned out. Enjoy your new ride! Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Oct 20, 2005 6:08 am) I went to the dealer yesterday, and they offered me a 42month lease  $682 including taxes, on a M35 Sport w/ Journey pkg (15k miles/yr), putting about $730 down to cover fees, (MSRP $45,680). I find this to be very high, since Mercedes is offering a $54k E350 for $499/mth with about $5k down for 39mos. I am not sure what the invoice is on this specific vehicle is, and I am trying to get the dealer to give me the money factor they are using. I was thinking I should at worst get something in the 550 range, and this seems reasonable based on the above poster who get 565 on a 44k+ purch price. I asked for 15k miles, but may be able to go 12k if it makes a significant difference. Any help you can provide would be great. Thanks Chad
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Replying to: Car_man (Oct 20, 2005 6:12 am) I should be able to get the car for 41k....the exact msrp is 43290....thanks a lot!! Blue7777
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Ok - here is the best I could do in South Florida. M35 with Journey Package, MSRP $44,440, SELLING PRICE $42,205, $1,000 down payment not including first month, tax, tag, etc., 39 months at 1,000 miles per month, total lease payment including 6% tax at $565 per month. 1. Is this good or just ok? 2. How much more should I pay per month to jump the miles to 15,000 per year. Thank you Car man! P.S. - If somebody told me that I could get this car for $499 a month with 0 down for 39 months (to give an example), why would I really care what the selling price actually was since I am not going to buy this car at end of lease. As long as the car had what features I wanted, I just care about the lowest lease possible. Am I wrong????
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I visited the local dealership here in Jacksonville, FL, and looked at a M35 Sport w/ Journey pkg. MSRP was $45,780, invoice was $41,386. The dealership offered a payment of $682/mth on 42mth terms 15k miles/yr. I obviously refused, based on the deals I have seen here, and told them I would pay $42k, which, with the money factors and residuals listed here for this lease, would give me a payment of $573, with $1k down. The dealer refused to go any lower, and by my calculations, is only willing to sell the car at the full MSRP. I guess its off to the Lexus dealership for me... Thanks for the help Chad
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Hi all, I just visited Grubbs Infiniti in Fort Worth, Texas. The internet sales manager was not in so I talked directly with the finance manger. I told him I was interested in an M35 (non sport) with Journey, Tech, and floor mat. I have a few question about the lease fiqures he gave me. 1. He stated the M is not eligable for the VPP program yet. True/False ? He did say they could get close to that programs price. 2. Here are the lease details: This lease is for one lump payment up front. No cap. reduction, simply paying all payments up front. MSRP: 48,600 Cap cost: $47, 500 (he claimed to have no idea what $ I could neg) Cap Reduc: 0 Resid: 73% = $35,478 Total Dep = $12,022 Monthly pay = $758.15 Doc fee =$50 Tax (6.25) = $2968.75 License Fees = $144.59 Advance Pym = $18,195.60 Sec Dep = $0 Bank Fee = 550 Total drive = $21,908.94 Rate = 3.100 Term = 24 mo For what ever goofy reason, it doesn't spec the milage on this sheet he gave me, but I verbally asked for 15k...who knows. Thanks
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First Thanks to everyone at the forums. The suggestions have been very helpful. CARMAN/other forum posters if you could take a look and let me know your thoughts on the following it would be much appreciated. I am in the process of negotiating a lease for the M35X Premium package. I followed tips such as negotiate price first, then trade in value then leasing. Here is where I am so far. Haven’t signed anything either for purchase of the car or lease agreement. They did not have any M35X premiums on the lot but found 5 to my liking near by. MSRP $54,320 ($43,220 +$10,500 premium, + 600 destination) Negotiated Price $52,000 Trade in $6,500 (1995 740i BWW) Using this for upfront costs and taking the rest in a check Here are the lease details: I asked for 36 months and 42 months at 10k per year (I do not put a lot of miles on my car) MSRP: $54,320 Cap cost: $52,000 Cap Reduc: 0 Resid: 42 months 58% (57% for 12k, 58% for 15k) He calced a buy out at $31,534 (I can’t get to this number) Resid :36 months 62% (57% for 12k, 58% for 15k) He calced a buy out at $33,709 (I can’t get to this number) Money factor 42 months .002251121 (5.4%) Money factor 36 months .002146324 (5.15%) Tax 6% (Pennsylvania) Sec Dep = $0 Monthly payment 42 months $734.51 (I can’t get to his number. Using leasing calculator I get $716.39) Monthly payment 36 months $753.12 (I can’t get to his number. Using leasing calculator I get $734.74) Up front payment on the 42 month he calced at $1,526.01 Bank Fee $550 Tax on Bank Fee 9% $49.50 Tags 133 1st months payment 734.51 Other $1,526.01 minus above = $59 (not sure what this amount is, will need to follow-up with dealer) I’m beginning to become a bit wary. The salesman was not pushy. We liked him but once I wrote all of his numbers down I came home and did my own number crunching and I can’t get to any of his numbers. Could very well be that I am missing something. My questions 1. Given the above figures are his monthly payments and buy out numbers correct? 2. Do you think I can do better on the money factor? I have not yet asked for the money factor to be lowered. This is the first one he gave. 3. Any other suggestions that would make the deal better are most appreciated Thanks.
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Replying to: lcmind (Oct 23, 2005 1:14 pm) 2) I'm not positive, but I think leases in PA have an extra tax of 3% on top of the 6% normal sales tax.. (notice the 9% tax on the acquisition fee?). That should make up the difference.. I'm not certain of what the actual numbers should be... this was just from doing a lease calculation on the numbers you provided.... regards, kyfdx Host-Prices Paid Forums |
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Replying to: brunzca (Oct 21, 2005 2:01 pm) You should not have to pay full MSRP for an M35; however you are not going to get one for $600 over Invoice either  Note that the M35 is priced ~$4000 over Invoice. By comparison the RL is priced about $5000 over Invoice. Good luck getting a GS for the $600 over Invoice you are looking for  By the way when I price out a loaded GS300 to compete with my loaded M35, it was $8000 over Invoice 
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Sale Price of 48015 on a M35x Nav/Tech/ Full size spare. 5 security deposits of $700 = $3500 (I get that back at the end). $ 1009 upfront (don't get that back). 626.42 a month 39 months. I think this is an awesome deal.. Thoughts?
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