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Prices Paid: Buying & Leasing Experiences Infiniti M35 / M45 Lease Questions
1638 messages, Last post on Aug 27, 2008 at 9:55 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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07 M35 Sport MSRP 48,110 Cap Cost 45,500 Doc Fee 399.00 Bank Fee 595.00 Residual 54% Rate 1.780 = 655.84 for 39 months 1000 miles per month This is a Costco deal at 750 over invoice. How does this look?
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Replying to: craigf14 (Nov 10, 2006 3:55 pm) Car_man Host Prices Paid Forum |
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Replying to: ghstudio (Nov 11, 2006 6:16 am)  . Here's a corrected post. "Hi wsox. A selling price of $47,000 on a 2007 Infiniti M35X with an MSRP of $51,500 would yield a 36 month, 15,000 mile per year monthly payment of around $664. As I mentioned though, this is with only 15,000 miles per year. This is the highest mileage allowance that Infiniti Financial Services 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 the end of your lease and have to pay an excess mileage penalty. As you can see, you are going to end up being closer to $700 a month than $600 once tax and the additional miles are added in. If you really want to be closer to $600, you are going to have to make additional security deposits. Each additional deposit that you make will lower your car's money factor by .00010. Car_man Host Prices Paid Forum" |
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Replying to: craigf14 (Nov 11, 2006 12:37 pm) Car_man Host Prices Paid Forum |
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Replying to: allnew (Nov 11, 2006 4:17 pm) Car_man Host Prices Paid Forum |
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Replying to: miamixt (Nov 12, 2006 12:17 am) Using the prices that you mentioned, an MSRP of $48,110 and a selling price of $45,500, I estimate that the 39 month, 12,000 mile per year, zero down, pre-tax monthly payment for a 2007 Infiniti M35 Sport is $628. If you were to add the $399 doc fee and IFS' $595 acquisition fee to your car's capitalized cost instead of paying them at lease signing, this car's monthly payment would increase to around $655.02. Car_man Host Prices Paid Forum |
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Replying to: miamixt (Nov 12, 2006 12:17 am)
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Have a question on MF and Residual. Live in Mphs, TN and wanting to lease a M35 with advanced technology package, journey package. Using the VPP program, but concerned with the 2.926 lease factor. I have tier one credit and read in past reviews that the LF was .00211. Dealer explained that this was the rate at which they purchased the cars and they could not offer that rate. Can you shed some light on this? Now sitting at 07 M35 MSRP 46660 Cap Cost 47993 including 2865 payoff on previous car Doc Fee 285.00 Bank Fee 595.00 Residual 56% $973.09 drive off including the first payment 15000 per year Rate 2.926 = 893.09 for 36 months
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Great forum - thanks to all of you taking the time to help. I'm in So Cal and looking for a 36m 12k lease on an M35 sport with an MSRP of $48,500 with options. Can you let me know the current IFS MF and Residual for this deal? In addition, I have a couple of questions about determining the monthly payment. Is the residual value calculated from the MSRP or the negotiated selling price? Also, posts #885 & #892 refer to rates while most other posts refer to MF. How are these related? Finally, is it possible/preferable to finance the security deposit? Thanks.
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Replying to: wantsacar (Nov 14, 2006 1:19 am) residual is always based on MSRP. Rate and money factor unfortunately seem to be used interchangably because not everyone understands the difference. A MF of .00211 is not a rate of 2.11%..it's actually about 5.06%. In leasing, the number that matters is the MF. Most of the time if you see a rate of 2.9, it means that the MF is .0029. Always make the dealer tell you the MF so there is no confusion. A security deposit, if required, (or if you are making multiple security deposits to reduce the MF of the lease) is payable up front. And,it's returned to you at the end of the lease. |
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