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Infiniti M35/M45 Lease Is Up - What Now?

60 messages,  Last post on Jun 23, 2009 at 10:29 AM

You are in the Infiniti M35/M45 Forum. Your Hosts are pat & karens

What is this discussion about? Infiniti M35, Infiniti M45, Sedan

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#38 of 60 What to replace the M45 with? by dexinsd Mar 09, 2009 (6:40 pm)
My 3 year lease is up on my 2006 M45 (Sport, Tech, Adv Tech, Aero). I love the car, but the new Infiniti leases really suck -- 46% residual on a M35 (Sport, Tech, 36 mo/12k mi) lease. I can actually get a 535i with Premium, Sport, Nav for the same money than the M35 (because the residual is 60%)!! Would anyone pass on a 535i under these circumstances? The Infiniti clearly has more bells and whistles (rear cam, better nav, music box) but . . . . .
#39 of 60 by ghstudio Mar 09, 2009 (7:51 pm)
I would lease the BMW in an instant. The only reason I'm driving an M instead of a BMW is that BMW had a lousy lease at the time.
#40 of 60 Residuals by art234 Mar 10, 2009 (4:50 am)
Residuals for the most part with Nissan/Infiniti are fiction. My M35X is up in August--I would gladly give it back NOW. The residual value on my lease is $27K. The car TODAY is worth about $16K.   Infiniti had 6 chances to fix the vibration issue in my car which still is not fixed. They offered me a financial reimbursement which they have yet to pay off on. They would rather take the car back and lose their shirt at auction than give the lessee right of first refusal at adjusted prices.   I also find it quite interesting that only Infiniti is sitting on a large quantity of 2008 cars in inventory--much more than any other brand (luxury). I believe they delayed the 2009 intro until the number was down (Dec-Jan time frame?)...so that tells you the brand is struggling.   To the poster considering a BMW, JUMP on it. Me? I am waiting for the newest Lexus hybrids to come out in the summer time....but I am also going to take a hard look at the new Acura TL--SHAWD...it's amazing.   Good luck. Replies to this message: barryend (Mar 14, 2009 1:32 pm) david2u (Mar 14, 2009 1:42 pm)
#41 of 60 Re: Residuals [art234] by barryend Mar 14, 2009 (1:32 pm)
Replying to: art234 (Mar 10, 2009 4:50 am) 2006 M35X lease was over in Feb.   I liked everything about the car except the way is drove, rode and used gas like a cabin cruiser. Would not drive straight due to inherent trammeling discussed in all Infiniti boards. Driving daughter's 2006 VW Jetta GLS until 2009 Audi A4 2.0 with sports suspension arrives next month. Jetta drives and rides 1000% better than M35X and uses 1/3 the gas. Audi is smaller, expensive, less gizmo's but rides and drives like a luxury car should. Rear seats fold down so I can take a ski trip for the weekend. 28 mpg on highway.   I loved Pepe Infiniti but the G's were too small and no more M's for me. Considered FX-35 but another ugly gas hog load.   Acura TL 4 wheel another ugly eyesore. Caddy CTS was not leasing from GMAC and no backup camera available. No cheap when loaded. Image a little Mafia or Miami for me.   Cheap gas has not made me forget the $80.00 fill ups to drive nowhere. Replies to this message: david2u (Mar 14, 2009 1:42 pm)
#42 of 60 Re: Residuals [barryend] by david2u Mar 14, 2009 (1:42 pm)
Replying to: barryend (Mar 14, 2009 1:32 pm) Hands down, the M35X was the worst car I have had in a long time. When my M lease was over, I got my wife a BMW 328XI. What a pleasure to drive! Lease was less than the M and the gas mileage was much better. I hated the M. Rode like a truck, trammeled all over the place, fuel economy was a disaster.
#43 of 60 Help Me Pat or Karens by fedriver Apr 08, 2009 (10:47 am)
My 3 year lease is about up on my '06 M35. I would like to buy the car, but when I spoke to somebody from Infinity lease they said the residual price ($26.9k) was non-negotiable on our closed-end lease. I did go over some on the mileage (10k) so I will have to deal with that, too. If I buy the car will I have to deal with any overages? I don't think I would have to. Replies to this message: shmang (Apr 08, 2009 11:39 am) pat (Apr 08, 2009 3:57 pm) art234 (Apr 09, 2009 4:17 am)
#44 of 60 Re: Help Me Pat or Karens [fedriver] by shmang Apr 08, 2009 (11:39 am)
Replying to: fedriver (Apr 08, 2009 10:47 am) I am not an expert on leases, but I would be surprised if they still want to you to pay for the excess mileage if you are going to purchase it. The best bet will be give the dealership a call to confirm it. But, I am almost certain that they will not charge you for the extra miles if you decided to buy it out.
#45 of 60 Re: Help Me Pat or Karens [fedriver] by pat HOST Apr 08, 2009 (3:57 pm)
Replying to: fedriver (Apr 08, 2009 10:47 am) Hi there. You might also want to post in our generic Purchasing at the End of Your Lease discussion. Hope this helps!
#46 of 60 Re: Help Me Pat or Karens [fedriver] by art234 Apr 09, 2009 (4:17 am)
Replying to: fedriver (Apr 08, 2009 10:47 am) The only way they might forgive the mileage charge is to lease another Infiniti, which I don't recommend. When they did the 06 leases, they inflated the residuals, to get competitive rates, rather than subsidize the money factors, which they should have done. Now it's coming back to haunt them. The residuals are around $27K, but the cars are only getting $15-$16k at auction. It's stupid, but they do not negotiate on buyouts--hoping some of us are dumb enough to bite.   My experience with Infiniti has been so negative (read the other thread) that I am turning my car back 3 months early and eating the payments. I am looking at BMW, Audi and M/B replacements.   Good luck.
#47 of 60 An Update on my Case by art234 Apr 16, 2009 (3:54 am)
Just to let you all know, Nissan/Infiniti Corporate has proven to be as untrustworthy as consumer affairs. I spoke to CA about my ongoing case with my M35x and they refused to give me what was promised (one month payment and reimbursement for tires I should not have paid for). I escalated through three supervisors and wound up at Nissan corporate, who told me once an offer is made it CANNOT be retracted, and that he had the power to overrule the region.   The same individual called me back the next day and also refused to give me what was offered, saying he spoke to the region who would not budge...so the bottom line is that Nissan/Infiniti lies to customers and has no interest in either repairing my car or in ongoing customer satisfaction.   I believe my next step WILL be small claims court.   I will keep you posted, but buyer beware--do NOT buy or lease another Infiniti.

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