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Infiniti M37 M56 Lease Questions

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  • Ok, found the answer online, Infiniti increased MSRP by $250 in September, so I guess it's of no consequence...
  • You're very welcome, burzhui.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Nice research, xruined901. My guess would have been price increase as well. Many manufacturers implement mid-model year price increases every year.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man

    Any chance you have the residual and lease factor for the 2011 M37X AWD. Looking for the Touring and Premium Package 10K miles. Also any dealer incentives besides the conquest package....thanks in advance
  • I certainly do, mrmike972. Infiniti Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 M37X AWD with 10,000 miles per year are .00108 and 59%, respectively.

    There's some back-end money that's available to dealers on this car this month, depending upon how many they sell, but there's no straight cash allowance on it right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mrmike972mrmike972 Posts: 2
    edited November 2010
    Thanks. I was just quoted 625/month sign in drive (first month and DMV due) in NY for the M37X Awd with Sport and Premium for 36 months. I am coming from Audi so there was Conquest money used . I did the math and it looks as though they are charging me 1200 below invoice PLUS the 1000 conquest incentive. I am wondering if there is any room....any thoughts
  • Hi, What's the buy rate for a 2011 M37x w/ premium package?

    I was quoted MSRP $52,975 and cap cost $49,421 with RF 58% and MF .00118. Total cost of lease is $644/mo for 10,000 miles, 3 years. Is this a good deal? Should I ask for a cap cost of invoice ($48,700) or less based on recent posts? How do I get a better MF?

    Drive off costs are Motor vehicle, 1st month's payment and $600 bank fees. I'm in NJ so also have to pay luxury tax.
  • You can probably do better, just got an M37x deluxe in MA, MSRP $56,775, for $49,443. 39 months/12k miles, residual 58% and MF 0.00134.
  • Thanks. I wonder how you got that MF when your lease is 12K miles and mine is 10K... I was told that I got a Tier 1 rate when the dealer ran the #
    s based on what I had told him but that when he does the credit check, it may go down to a Tier 0 rate. Were you Tier 1 or Tier 0?

    Your deal sounds awesome.
  • I have to get the official MF, Residual, and Cap cost- but was offered M37x, premium, deluxe touring, 10K/yr, 39month lease for $498/month with 3,999 down. So, probably about 600/month with nothing down. Sounded good to me. When I get the final numbers, I can put them here. Anyone get anything like this?
  • M.S.R.P. of $52,875.00 which includes the premium package - leased for 12k miles per year and 39 months. Got $578.00 per month with $1,448.00 due at signing and it included my transfer of plates. Car is awesome!
  • lsnhclsnhc Posts: 11
    I have recently become aware of several leasing companies in NY that seem to be offering substantially better leases than the dealers. Several have the M37X Premium w/nav for 529 - 539/mo with zero cap cost reduction, 39 mo lease/10k per year.

    I have no knowledge as to the authenticity of these offers nor the credibility of these companies, but obviously, with numbers like these, they bear looking in to. Several have websites touting these numbers.
  • Hello

    I just returned from Kings Infiniti in Brooklyn, NY and wanted to know if either of these deals are worth it. I was told the residual is 58% and money factor 1.18

    39 month lease
    10k miles per year

    Premium package :
    msrp: 52975
    invoice: 48821
    selling price : 47626
    monthly payment: 499
    bank fee : 595
    1st month: 499
    ny taxes (8.675%): 1688.25
    total out of pocket w zero down payment: 2782.25 + DMV


    premium & technology package
    msrp: 55985
    invoice: 51428
    selling: 50337
    monthly payment: 529
    bank fee: 596
    first month: 529
    taxes ny (8.675%): 1789.74
    total out of pocket with no down payment: 2913.74 + DMV

    Thanks!
  • Your numbers don't jive based on your calculations... With an M.S.R.P. of $52,975 and selling price of $47,626 your payment should be $525.80 with $2,993.54 due at signing ($525.80 first month, $595.00 bank fee, $1,872.74 taxes) + plates. Your residual and money factor are correct. If your being offered that deal then take it... Btw, NYC tax is now 8.875%. This is a great website that taught me about car buying - www.simplifiedcarbuying.com - I enjoyed it so much, I now help others as a hobby!
  • In Texas, Infiniti just announced they will provide sales tax credits from now till the end of the year (1/3/11 to be exact). So, instead of paying 6.25% sales tax, you will only have to pay 1.25% L&M fee - your net saving is 5%....so around $2000 or $60/month or so.... :)
  • Would that only benefit people buying or leasing who reside in Texas?
  • kyfdxkyfdx Posts: 27,640
    Yes

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • jngo1jngo1 Posts: 21
    hello sewellgsm
    this sounds like a great deal
    are you able to negotiate the price DOWN from mrsp with this deal?
    can you get this deal w/ buying instead of leasing?
    do you folks have any manager's specials left on models m37 with ~ 4 or 5K miles?
    thanks
  • bklynt525,

    There is no such thing as a money factor of 1.18. Money factors are expressed with the sytax 0.00XXX. Also, based on your numbers, I've eliminated the possibility of a 1.18. interest rate. Besides, IFS, and most banks, use money factors. You probably meant 0.00118.

    I examined the first lease scenario listed. Assuming a 0.00118 money factor and no cap reduction, the gross and adjusted cap amount to 49,074.56. This is 1,448.56 more than the 47,626 sell price suggesting that you're capitalizing 1,448.56. NY dealers typically charge a dealer doc fee of $75 which hardly puts a dent in this amount. Are you financing (i.e., capitalizing) negative equity?

    The tax calculation is correct...

    8.675% x 39 x 499 = 1,688.25 if you're paying ther tax upfront as you've indicated.

    The second scenario produces a result that is significantly different from the first to the extent that there is a cap reduction of $1,000 (assuming no capitalized amounts) as the adjusted cap amounts to 49,337.46. And so, there seems to be some inconsistence between the first and the second scenario. I find this to be decidedly peculiar.

    John
  • mlevinemlevine Posts: 203
    Car man, can you please let me know the money factor and residuals for M37 base
    for 24 and 36 months at 12,000 miles a year when available. Thanks for your help.
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