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Infiniti M37 M56 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Wow, your last three leases huh colslick. I hope that there was some that overlapped...otherwise you're making me feel old ;).

    It's possible that you might be able to use your leased vehicle as equity on your new vehicle. More often than not in the past this wouldn't work, but given the rapid rise in used vehicle prices that we are experiencing right now I would not be surprised if you might be able to use this to your advantage. Give it a shot and see what happens.

    Infiniti Financial Services' May buy rate lease money factor and residual value for a 24 month lease of a 2012 M37 RWD with 12,000 miles per year are .00154 and 69%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36 month lease are .00161 and 60%.

    Car_man
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  • colslickcolslick Posts: 26
    Thanks Car Man,
    Sorry, no overlap, your always current, timely and spot on advice keeps you from showing any age. Thanks for your help. I'm hoping, since the new models have no dealer or manufacture money, the prospect of their profit on selling my trade will help me get the dealer to invoice for my cap cost. Adding 9 sec dep to the MF could make it doable for me. I'll let you know how it turns out. Thanks again
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    HA thanks colslick. I'm looking forward to hearing how you do. Talk to you soon.

    Car_man
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  • 72727272 Posts: 10
    Car man,

    What are the money factor and residual for a 2012 M37x leased for 36 months with 15,000 miles per year?

    Many thanks in advance.
  • sewellgsmsewellgsm Posts: 775
    36 = 58% for 15k
    39 = 57% for 15k

    Add 2% for 12k

    MF range from .00155 up to .00563 depending on credit.
  • 72727272 Posts: 10
    Many thanks
  • 72727272 Posts: 10
    What are the Infiniti Financial Service money factor and residual for a 2012 M37x leased 36 months with 15,000 miles per year for JUNE, 2012? Thank you in advance.
  • 72727272 Posts: 10
    Sorry: Meant June 2011
  • golflawyer1golflawyer1 Posts: 4
    edited May 2011
    I have an M35x with 7 months left on the lease. The dealer called and wants to buy out the lease and put me into a 2012 M37x (with the Premium Package)for $575/month for 39 months--no money down. Is this a good deal? How can I tell?
  • ghstudioghstudio Posts: 968
    Infiniti resale is very high right now. I can buy myself out of a 39 month lease at the end of one year for $1000. You need to check what the "trade in" value is on your car right now vs the buy out price which you can get from your dealer. You may be surprised.

    Don't confuse the "buy out" offer with the new lease. The questions on the new lease are the same as always....what's the money factor, what's the cost of the car if they sold it to you directly, and what's the residual. $575 feels a bit high to me, but without the detail, it's just a feel.
  • e325rkhe325rkh Posts: 54
    Hello. As ghstudio stated, the Infiniti resale is very good. Is the offer just for the premium package?

    In March, I was able to get out of my 2010 M35x 36 month lease after just 1 year and into a 2011 M37x premium, deluxe touring, splash guards, rear decklid spoiler, illuminated kick plates, tinted windows, SmartStart remote start and Trunk mat / trunk net / first aid kit for $588/month (NYS tax of 8.625% included) 39 months/ 10K miles per year.

    My total out of pocket was $1,502 (includes all fees and the remote smart, tint & spoiler). Mine was a 2011, however, optioned as this, my MSRP was $57,385 (not including the remote smart, tint & spoiler).

    I hope this helps.
  • Thanks for the response. I like my old car and wouldn't mind keeping it for another 7 months (I just put on new tires). So I am looking at the new lease as if it is a stand alone with all possible fees included, just as I did on the 2008 M35x. It just seems that the 2008 which has less than 27,000 miles is valuable to the dealer and can be sold for a profit (that's what he says) and that should be shared with me to lower the 2012 lease. I just don't know by how much. I am now paying $575 for 39 months, 12,000 miles (yes,I asked for too much), and feels that a comparably equiped 2012 with 10,000 miles should cost less. Am I wrong?
  • Thanks for the response. As for details I'm not sure what's needed. The car is a 2012 M37x with an MSRP of $54,311 including destination and handling for 10,000 miles per year. I don't want to put anything down including the 8.25% tax. I'm sorry to bother you but how do I calculate what it costs the dealer and what is a standard markup? I'm sort of lost and the dealer is saying that he needs an answer.

    I also replied to e325rkh with the following: I like my old car and wouldn't mind keeping it for another 7 months (I just put on new tires). So I am looking at the new lease as if it is a stand alone with all possible fees included, just as I did on the 2008 M35x. It just seems that the 2008 which has less than 27,000 miles is valuable to the dealer and can be sold for a profit (that's what he says) and that should be shared with me to lower the 2012 lease. I just don't know by how much. I am now paying $575 for 39 months, 12,000 miles (yes,I asked for too much), and feels that a comparably equiped 2012 with 10,000 miles should cost less. Am I wrong?

    Thanks for any help.
  • topgun7topgun7 Posts: 409
    I just don't know by how much. I am now paying $575 for 39 months, 12,000 miles (yes,I asked for too much), and feels that a comparably equiped 2012 with 10,000 miles should cost less. Am I wrong?

    I think you are mixing a lot of things together (trade in your old car, negotiate a new M37 lease) and get yourselves very confused. I would define you get a good deal as following: trade in your old car with the highest price possible. Leasing a car has two components: 1) you negotiate as good a selling price as possible within your local market 2) you get the best money factor that the manufacturer offered.

    If you have more than one Infiniti dealer in your town, take your car (or at least call all of them) to the dealers and ask them to bid on your car. They will come back with a quote that they will buy your car for. Say no to the first offer and see what the best offer each will come up with. You can terminate your lease by sellling the car to the dealer and they pay off your lease. If your car is in really good demand, you may even be able to pocket some money.. If not, you may need to put up some money.. But at the very least, if you put the effort in, you will find out the best price your car can fetch.. We did that a few months ago by selling our 08 Lexus LS460 to a lexus dealer. And we leased a M37 after we trade in out LS460. You can do trade in and a new lease in two different dealers.. Sometimes, the dealer that can give you the best deal on your used car is not the same one that can give you the best deal on the new car..

    When shopping for a lease, you want to make sure that you get the best price. And it will take some shopping around (email quote from dealers in your area, stop by etc.. Whatever that work for you). Don't be suprise that your price may be different that what is posted here.. People who live in LA and SF tends to have very good price since we have 7-10 dealer within reasonable driving distance.

    Car_man can help you in figure out if you get the best money factor or not.. You should insist on your dealer giving you the cap cost, money factor, residual and additonal fee for your lease (some dealers refuse to do so.. and you should run as fast as you can away from them.. without the breakdow, you have no way to figure out whether you get a good deal or not.). Dealer sometime try to tell you they don't have the info.. But they need them to complete your lease.. So if they don't have the info, they won't be able to lease you the car (so it is all standard bs).
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey 7272. Infiniti Financial Services' June 2011 :P buy rate lease money factor and residual value for a 36 month lease of a 2012 M37x with 15,000 miles per year are .00155 and 59%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • mil6753mil6753 Posts: 40
    edited June 2011
    I was speaking to an internet sales person yesterday and was quoted the following (verbatim) "The 39 month lease 15k miles a year on an in stock black M with premium package and deluxe touring package MSRP $58585 sale price $55000 with just first month due at signing would be $755.09 plus sales tax. Residual is 57% and the money factor is .0020"

    1) Would the money factor you quoted on 6/5 be the same (.00155?)
    2) What is residual for 39 months?
    3) I also think the "sale price" is probably a couple thousand high too. ;-)
  • 72727272 Posts: 10
    Car_man,

    Thanks so much.
  • 72727272 Posts: 10
    Car_Man,

    Is the Infiniti Financial Lease Acquisition Fee (Bank Fee) $595 or $700?

    Best regards
  • Hello - I am looking to lease an Infiniti M37x with Premium Package. I am willing to put 7k down if need be....thus far they are telling me, with the 7k down, that its 626 for a 39mth lease and 15k mileage annually, and 600 for a 39mth and 12 mileage annually. I know I can negotiate but need to understand what is the best I can ask for. I have always pruchased in the past from Honda, and have never leased. Thank you for any advice.
  • ghstudioghstudio Posts: 968
    edited June 2011
    buffaloeal.....Don't use that $7000 as a down payment! Instead, loan them the money for the term of the lease...that's called mulitple security deposits....which will lower the rate. You can make up to 9 security deposits so you can lower your rate by .0009. Doesn't sound like much, but it is!

    You have to read back in this forum...I've written lots on it and it's a standard part of the infinity lease program that many/most dealers don't know about, don't understand and try to tell you it's not a good deal. It IS a good deal for you.

    Do NOT compare leases by comparing monthly payments....look at the total cost over the life of the lease...monthly payments PLUS down payment Plus and other costs. With multiple security deposits, your payments will be higher than if you gave it as a down payment...but at the end of the lease, you get that $7000 back!!!! it's a security deposit. That's why you have to add up all the costs over 39 months.

    Don't let the salesman or finance manager try to tell you how to analyze leases...they have no idea...and they believe that the lower they can make the monthly payment, the faster they will sell you a car...even if it costs you more because you are putting $7K down.

    Just taking your "quote" on the 39 month lease.....you are paying that $7000 and you get nothing back at the end....so just divide that $7000 by 39 months which is $179 a month and your true lease cost is $805 a month...not the $626 they would have you focus on.

    While I don't have all the numbers in front of me, my bet would be that if you compared your total expenses with $7000 down (effectively 805 a month) to using that $7k towards multiple security deposts and remembering that you get that $7K back....you will save at least $1000 over the life of the lease.
  • colslickcolslick Posts: 26
    Car man,
    My search for finding a good deal on an M37 lease has moved into Jun. Seems like inventory concerns are slowing the deal making. Could you please update us on the MF and residuals for 24/12K and 36/12K lease on a 2012 M37 RWD .

    Thanks in advance for your help.
  • 72727272 Posts: 10
    Car_Man,

    Thank you for your response. It appears the residual value for the 2012 M37x for 36 months and 15,000 miles is 58% versus the 59% cited above. The money factor for Tier 0 and Tier 1 credit is 0.00155 for June.

    I appreciate your help as I am sure does everyone on this forum.
  • stma1stma1 Posts: 36
    I just picked up a 2011 M37x w/ premium package, MSRP 53795
    I am paying 525 a month incl 9% PA sales tax, My upfront was a total of 2000 dollars which also included the bank fee, 39 month lease 10K per year
    Any thoughts on this deal? The sale price that the lease was based on was
    approx 47,400.
  • colslickcolslick Posts: 26
    stma1 -

    That's a great deal, sale price about $2,000 below invoice and a monthly payment of $482 before the 9% tax. I would do that in a heartbeat but no 2011 left in Fl. Enjoy the M and smile for 39 months over the deal you got.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey mil6753. The money factor that you mentioned is for a 36 month lease of an AWD model. You are interested in a 39 month lease of a 2WD model. The numbers for a 39 month lease of a 2012 M37 Sedan without AWD 15,000 miles per year .00164 and 56%, respectively for consumers who qualify for its top credit tier.

    The selling price that you were quoted appears to be around $1,000 or so over dealer invoice. That isn't too bad. If the supply in your area is good and there's a decent amount of competition, you may be able to beat that by a couple hundred dollars.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome 7272.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey 7272. Did I say $595 somewhere? If I did I apologize. IFS' base acquisition fee is $700.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello colslick. Infiniti Financial Services' June buy rate lease money factor and residual value value for a 24 month lease of a 2012 M37 RWD with 12,000 miles per year are .00154 and 68%, respectively.

    The numbers for an otherwise identical 36 month lease are .00161 and 59%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mil6753mil6753 Posts: 40
    My bad Car_Man, I was wanted the particulars on 36 month, 15K/yr, AWD premium/touring package version of the M.
  • 72727272 Posts: 10
    Car_Man,

    No worries: You did not cite $595. My last lease has a lease acquisition fee of $595. I was querying whether it was now $700.

    By the way, I am about to lease a 2012 M37x with Premium Package at a gross capitalized cost of $50,312 (or $500 over dealer invoice).

    Many thanks
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