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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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
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
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.
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 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.
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!
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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
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
for 24 and 36 months at 12,000 miles a year when available. Thanks for your help.
The numbers for an otherwise identical 36 month lease are .00114 and 58%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
643/month for 39 months 10k.
659/month for 39 months 12k
662/month for 36 months 10k
680/month for 36 months 12k
What say you all?
The 36 months 12k number of 680 does not add up based on Car_man's info (58% residual and money factor 0.00114). I ran the number through a lease calculator and put $1000 additional cost to cover the acquisition fee and document fee and come up with $590 without the tax (I don't know the tax rate in your area).. But unless you have tax rate of 15%+, your dealer probably inflat the money factor or fee to recoup the steep discount he gives you... It is still an excellent deal, just not the one you think you get... Also look into the using mulitple deposit to reduce your money factor (for Infitini you can do 9 deposit, and each additional deposit will bring down the money factor by 0.0001..It can add up to pretty good saving. The $680 monthly payment probably go down to $600 a month but you have to put up $6300 deposit).. Good luck.
http://www.leaseguide.com/calc.htm
Do you have other dealers in the area? If the first dealer does not want to play ball and provide you with all the answer, why not go to the other one.
By the way I went with a MB E350 as the 2 year lease deal was very good and better than the 2 year M37 lease deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Drive off is 590 first payment + 6100 deposit + 684 registration fee + 29 DMV electronic fee + 8.75 Cal tire fee - 1000 royalty rebate = 6411.75
This is our 2nd infiniti from Elk Grove in the last 3 months. We leased a 10 G37 coupe when Infiniti has plenty of dealer cash back in Sept... We have very pleasant experience with the sales staff in bot occasion. So I don't have any problem recommending the dealership if one is in the S.F. bay area. Car_man, thanks for all your help... It make negotiation a lot easier...
Trying to decide on whether or not to do this deal-
M37 perm package only
39m for 15k per year
4000 out of pocket for drive offs and msd
1000 loyalty
Paying last 2 months of current m35 lease at 587/m
Cap cost is invoice (47140.00) plus the bank fee (595.00). The residual for 39 months is 55% (28198.50). The money factor is .00122.
Does this make sense?
I guess my question is why do a 39 month lease? You are going to pay for the 4th year of registration and the residual will be 1% more with 36 months. You didn't mention the monthly payment and whether it include sales tax, so it is hard to say if it is good or bad. But it looks like dealer pad the money factor. It should be 0.00114 (at least the 36 months lease has 0.00114 if 39 months has higher MF, why 39 months?) and if you pay any MSD at all (and you didnot mention how many MSD), it should not be 0.00122.. Each MSD should reduce the money factor by 0.0001
When a dealer take over a leased car, the dealre is not making the payment on your behalf. They will payoff you car and sell it in their used car lot. You can make the trade in and new car purchase/lease two separate deals by taking your car to multiple infiniti dealer to find the best deal first and then shop for the best deal for new car. Chance are the dealer offer you the best price for you existing car is not the same dealer that offer you the best deal on new car. We sold our 08 LS460 with one year of lease left to a Lexus dealer before we leased our M37 a week or so ago. My wife handle the selling of the Lexus and she called 7 Lexus delear around our area and took the car to two dealers and the highest bidder pay off the car without us contributing anything. It took her about 6 hours or so (the calling part is not very time consuming.. Going into the dealer and have the used car manager check the car out take a while). Good luck..
M37 premium package
39m for 15k per year + 10k per year (25k total per year)
3530 out of pocket
1467 min drive off
1000 loyalty
Net Cap cost is 44105.00. The residual for 39 months is 59% (26029.25). The money factor is .001180.
Thanks
May I have January MF and residual for AWD M37 for 36 and 39 months with 15k miles/year and 25k miles/year?
Thanks for your assistance.
2011 INFINITI M37 SEDAN X AWD
36month | 15k miles | residual 55% | .00054 base money factor
2011 INFINITI M56 SEDAN X AWD
36month | 15k miles | residual 53% | .00124 base money factor
Thanks for the reply. Is your base money factor for the M37x a typo? Do you mean .00154?
I had no idea.. i just copy from a different forum that has lease information... It should be very easy to check it out with your dealer.. Dealer are allowed to mark up their money factor but not by too much so if they quote you in the neighborhood of 0.001+ then you know that it should be 0.00154 instead of 0.00054...
MSRP 52975
Cap 50,166
Ac fee 595
54%book/56% residual not sure what they mean here
mf.00085
67.86 monthly lease charge (never heard of this)
977 due at signing
595/month
I know I have more room off MSRP and I think some of these other charges are nonsense. Any input?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP 52975
Cap 50,166
Ac fee 595
54%book/56% residual not sure what they mean here
mf.00085
67.86 monthly lease charge (never heard of this)
977 due at signing
595/month
It definitely look like you dealer is padding both the money factor and the cap cost can go lower.. Would the 67.86 the rent the interest you pay on your lease. The number is in the right ball park given your number)? Are you in an area with more than one infiniti dealer? If not, would you go out of state for a better price? Try use www.zag.com to get a sample price out of various area in the country (my favorate zip is 90001, Los Angeles area. They have the best price within 100 miles of this zip code (and other LA area zip)) and try to figure out a sample lease using an online lease calculator.. and you can throw in the shipping cost etc (or a vacation in Disney land and drive the car home 8-)).. I think you have about 60-80 a months kind of room depending on how many dealers is in your neighborhood...
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm trying to put together a 36 month/15K lease on a 2011 M37 RWD w/Premium & Sport packages. Would someone be so kind as to confirm the top-tier IFS money factor (I believe it's 0.00054 for January) and the residual percentage for this vehicle?
car_man came through for my last Infiniti lease and it helped me negotiate a great deal. Info is much appreciated!