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Infiniti M35 / M45 Prices Paid and Buying Experience
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Comments
Cheers,
Their Sales Manager says their overall business has been off this past year. I don't think they are selling many of them because they won't meet the competition from Birmingham or Atlanta. (BTW, Nashville Infiniti told me they bought Huntsville Infiniti a while back.)
Huntsville Infiniti also told me that there is no break-in period for the M, so it's Ok to wring them out during test drives.....phew!
Also, my M35 manual clearly spells out a 1200 mile break-in period with cautions about going over 4000 rpm, etc.
No serious dealer would not order 2007 cars.
Alternatively, they may have just too many over equipped cars and they are desparate to sell them so they tell you what they think will help them dump those cars.
Doesn't matter which is the case....this should suggest that you might want to shop at one of the bigger dealerships around you
Emgee
The dealer I am working with has what appears to be the car I want. According to something he showed me it has 4 options
1) Journey Package
2) Tech Pkg - Sirius
3) - Splash Guards
4) - Trunk mat w/ optional full spare.
The car shows a sticker of 51140.
According to Edmunds the price of the car with a trunk mat w/o the optional full spare would be 51140.
If I price it w/ full spare it comes to 51340 (and I would think the tire would list as another option).
Any thoughts? Do you think they listed the wrong mat? Was there a $200 price change (increase) earlier in the model year and this is an old car?
Would also appreciate from anyone who has the full spare regarding trunck space thoughts.
Thanks
Larry
Break down is:
$42,091.00 - vehicle invoice
$43,081.41 - selling price (includes $650 destination fee)
$563 - "Official fees" (documentattion, air, BS fee)
$1292.44 - tax (3% in NC)
$55 - tags/transfer fee
Thoughts on this deal?
Thanks
Cap cost - $45,016
Residual - 66% = $29,710.56
Money Factor - .00042
NC tax - 3%
term - 24 months
mileage = 15,000 a year
Payment = $689.64 using the above
What am I missing here?
I am interested in purchasing either a 2007 G35 or a leftover 2006 M35 base with premium/tech. Has anyone found an exceedingly good deal on a 2006 M now that the 2007 ones are appearing?
Thanks
Seems to me that this is a great deal...
Just leased from Infiniti of Manhattan an ivory pearl, black interior, M35x with Tech and Journey + full spare, 2 year lease, 12,000 miles per year.
Agreed upon value - $48,124 (includes 550 acq. fee)
Upfront payments - $3931 (includes $795 bank fee, $650 disposition fee, $995 down payment, $1,273 taxes, + misc reg., title, etc.)
Total gross capitalized cost - 48,674 (includes $550 acq. fee)
Adjusted capital cost - $46,234 (includes bank fee, disposition fee and down payment)
Residual value - $34,317
Total monthly payment (which includes tax) - $532
*** Warning -I think people should know this because I was completely unaware being a first time leasee. You might not get the monthly payment amount first stated by the dealer. They told me at first that it would be $527 per month. After they called me and said credit all checked out had me come in to sign the papers they said my FICO was only 702 and for the rate they gave me I needed a 750 or above. I tell them I have almost a $90,000 student loans locked in at 3% which is giving me the lower rate and a $15,000 on a credit card at 0% for the next year. But I have $220+ equity in home and about $70K in cash. I explained to them that it is cheaper for me to not pay off loans (Citi 5% insured savings now, etc.). They dont care they said. They said that it is Infiniti Finance and they only look at the credit score. So the dealer wanted to charge me $20 more a month. First he swore up and down up could not do anything about this but when I said that I am not signing and went to walk away he said wait, he went to another office, came back said his manager will meet half way, went though the song and dance again, finally got it to only $5 more a month, but not before a lot of arguing and aggravation.
So you pay taxes up front AND you pay taxes on the monthly payments in NY???? Doesn't sound right, but NY has it's own funny laws.
Why were you surprised that a lower FICO score results in a higher monthly payment? Every dealer I've ever known quotes lease rates for someone in the highest FICO tier. If you have a lower FICO rating, you will have to pay more for the lease and you will pay more for your auto insurance, your home loan and your homeowners insurance
etc. If you have a bankrupcy, you probably won't be able to lease the car at all. There is no way for a dealer to know any of this until you give them the information to look at your individual situation.
If I did not pay taxes up front they are charging my about 12.99% interest to roll it foward.
I did not have to pay more on my insurance, mortgage, or homeowners insurance - I recieved the top rates -- and I had the same FICO score.
However, just to reiterate, putting money down on the lease up front is a very poor practice for many reasons. Don't do it.
I was a VPP customer and that made things very easy. I went with a 21 month lease and went 0 money up front except I paid multiple security deposits to reduce the payment. Took all the remaining capital in my trade and had them cut me a check. They were extremely helpful as I ran them through all the buy/lease alternatives etc and after a few hours there, drove away in my new M with a big smile!
Kudos to them it was a great buying experience!
Max929
what is your monthly payment?
Since you've already leased the car, just enjoy driving it....doesn't matter a bit how well you negotatiated at this point.
I understand that there seems to be a difference in the packaging of options from the 2006 to 2007 model. In the 2006, heated seats/cooling seats were not standard, but were included in the Journey package. Now, they are standard. I guess my question is, what comes with the base model in the 2007 M35X?
Also, I find it peculiar that one of the dealers I have been coresponding with has offered me:
1. 2006 M35X with Journey No NAV @ $43,369
2. 2007 M35X @ $42,500.
The assistant manager was unsure about how the packaging worked on the 2007, unfortunately so I have no further details regarding that car. Why is there such a big price difference? I would expect that the 2006 model would be cheaper than the 2007... also, is the 2007 price a reasonable price? What about 2006?
Thanks!
NJ Dealer offered 2007 M35x with tech package - 21 month lease, 18k, at $619 (inc taxes) $3000 out of pocket
Invoice: 40,588
MSRP: 45,330
Dealer's Offer and I took it at: 42,500
Including Taxes: 46,000 + some change (tire tax of $7.50, $189 of inscribing the VIN in the window, $319 of inspection and registration for 4 years, and 7% NJ State Tax)
If you buy by the end of the month, you should be able to get a good deal.
MSRP: 51,140
Edmunds/KBB invoice: 46,626
Negotiated selling price: 46,901 ($275 over invoice)
If I wanted to prolong the dickering, maybe would have gotten closer to invoice or $100 over but nearest other dealer was 35 miles away and this place is 3 miles from home. Also silver is the color I wanted.
Reading the lease tips forum was extremely helpful in that you must follow the mantra: pay only first payment, title and license fees to walk out the door.
I used 3 security deposits to reduce money factor from .00089 to .00059. Gave 70 % residual for 21 month, 12000 mile lease (that's probably inflated).
Anyway, I'm reasonably happy with the car (actually really wanted M45 but spouse requires AWD--so will wait and get the now announced for 2008 M45 with AWD! in 21 months).
Also, can confirm that the passenger front seat adjustments are unsatisfactory--in 2006, Infiniti used cheaper controls than used for driver: the seat front under your thigh cannot be raised (I suppose they saved all of $11 per car). In fact, my wife said she felt like she was sitting too low. Happily, she is not often a passenger in this car.
Can also confirm that passenger seat front is fully adjustable in 2007 models).
Is this negotiable.
Thanks
MSRP is $46,660. Invoice is $42,667. Split the difference at $44,660. No hassle.
Seem like a decent deal?
But, the dealership has no authority to waive the fee during the purchase/leasing process.
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