Infiniti M37 M56 Prices Paid and Buying Experience

jakbar

I have an internet offer for a remaining 2011 M37x with Premium, Technology, Illuminated Kick Plates, and Splash Guards. MSRP $56,585 and asking $51,853. According to truecar.com, Dealer cost is $50,105. Invoice is $52,226 so this is about $400 under invoice. I haven't asked them about my trade-in yet. Anyone have thoughts on this deal? Do I still have negotiation room or should I just jump on this.

luquinon

Hi

In the process of trying to get a 2012 m37x with premium package. Need ton give 4k down and payment is for 625 a Month. Is this a good deal ? Thanks

gepl

I have been quoted the following: 2012 M56x with deluxe touring and technology packages; 39 month lease; 15,000 miles / yr; $3,500 down; $992 a month. Seems high. Any feedback?

ghstudio

That certainly does sound high....ask the dealer for the residual value he is using, the money factor he is using....and any other charges they are adding to the car itself (administrative fees, etc). Also ask if they are using Infinity Financial for the deal....sounds like they are using some other bank. Does the payment you were quoted include tax? (if so, what's the tax rate in your area).

If you do lease the car, do NOT put any money down. Read back in this forum of the m37 forum about multiple security deposits which will save you money using the same $3500.

gepl

Includes tax at 6.25%. This was the first offer and I am trying to determine if anyone has leased a similar vehicle so I can determine a fair price. They are stating a sale price of approx. $70,000.

ghstudio

Why don't you use Edmunds or Kelley Blue book to find the "typical" selling price....that at least gives you a starting point for what they should actually be charging you for the car....$70K is MSRP (actually it' may be above). But we need to know the other information that pertains to the lease.

Sounds like they just high balled you assuming you are a typical buyer who doesn't understand leasing. If all they want to tell you is the monthly payment, walk out and find another dealer.

RisingStar

I have a deal for a new 2012 M37 with premium package, carpeted trunk mat/first aid kit, and illuminated kick plates - MSRP $52,505 - for $45,999 before tax and fees. That's about $2,250 under invoice. This is in the Los Angeles area.

mike277090

What dealership? Any other info. on who to contact would be great.

dulnev

Just leased a 2012 M35h hybrid with Premium package. The residuals for this car are fantastic -- 61% for 36 months with 12K miles a year. I took advantage of the multiple security deposit offer to drop my interest rate by more than 2% by making 9 refundable security deposits.

The price was $1,500 under invoice. With no money down my lease payment is an unbelievable $553!

I currently drive a 2007 Lexus GS450h, and thought about waiting for the 2013 GS hybrid. But I figured that my lease payments would be roughly twice as high due to the much higher price and much lower residuals on the GS.

ghstudio

Nice deal and I'm glad to see you took the multiple security deposits..very smart. Best of luck with the new car.

RisingStar

I got it at Glendale Infiniti. Talk to Gino or Bobbi.

infiniti_man1

Just got a M37s 2012 sport and premium packages
Msrp $56,325
Cap including aqu. Fee 51400
Res $34,358
Money factor .00141
$1,000 incentive
Fees $790
Payment $565 + $33 (6%) = $599 per month
upfront money $1,355
12,000 miles
36 months

My advice is shop the quotes by email to 5 or 6 dealers in your area and make sure to take your time. It took me 10 days but it got done. Use leaseguide.com to calculate the payments and email quote to new sales manager at dealer. You will start having responses without the typical pressure you get when buying in person.

Give them the downpayment over the phone with a credit card and have them prep car for pickup. When you go into the dealer ask them to give you the paperwork and take it and go with it to a caffee and read it all. Then go back to the dealer and sign the papers if it All looks good.

Make sure you shop on your own term. Going to a dealer before you strike a deal it is not shopping on your own terms.

I hope this is the best Deal i could get and i hope this helps everyone else with their shopping process.

Good Luck!

dulnev

Next time you may want to consider making multiple security deposits. It's a great way to lower your payment. In my case (see my post earlier) the total return on the refundable deposits money is about 50% - 60% over three years.

skinsfan2

Here is where I am from the dealer on a 2012 M37x (Tech, Prem, Kick Plts, Spl Gds, Trunk Mat):

39 Mths, 10K Miles/Yr
MSRP = $57,805
Negotiated Price = $52,855 (incl Dest Fee)
Residual = $34,927
MF = was told 0.00119
1st Pymt = $1,500 (1st Month, Acq Fee?)
Motnhly Pymt = $676/Mth
Security Deposits = 0

I did look at multiple SDs (max is 9 which made the most sense if I were to do it) which costs $6,300 on top of $1,500 and lowered payment to $599/Mth. Leaning towards keeping the $6,300 and use for other things/future pymts and I know I'm missing out on monthly savings, but don't want to shell out an add'l $6,300 right now.

Looking to buy car at end of lease. Lease seemed like a great way to get much lower payments. 1st time leasing experience so need assistance.

Good Deal? Advice?

Thanks much!

gmasucci

I am currently negotiating a deal for the same car:

a 2012 M37x (Tech, Prem, Kick Plts, Spl Gds, Trunk Mat & maint package):

39 Mths, 12K Miles/Yr
MSRP = $57,805
Negotiated Price = $49,199 (incl Dest Fee & maint. for 39 mos.)
Residual = $33,433.25
MF = was told 0.00169
1st Pymt = $1,837.87 (1st Month, Acq Fee, reg., bank fee)
Monthly Pymt = $588/Mth including sales tax with no sec. deposit.

MF = was told 0.00079
1st Pymt = $1,837.87 plus a $4,950 MSD
Monthly Pymt = $499/Mth including sales tax with MSD max.

Going to push to have the $725 3M clear skin bra thrown in, approx. dealer cost of $525.

If I get it I will go with the Multiple Security Deposit deal.

Can I do any better???

skinsfan2

gmasucci - Thanks for the reply and the info! Those sound like pretty good deals especially the first scenario without the multiple security deposit. Would you mind providing the dealer name, city, and state? I need a new car so ready to pull the trigger very soon.

Thanks much and good luck with your deal!

gmasucci

Infinity in Greenwich Connecticut, although I think I could strike the same deal at near by dealerships as I was close to this deal with some others.

skinsfan2

Thanks again! You may want to check with this dealer as it sounds too good to be true, but I hope it works out for you. One apparent fact is that the residual is from Infiniti and is based off MSRP along with # miles/yr. Here are the %s that were provided to me for a 2012 M37x: 59% for 15 K Miles, 61% for 12 K Miles, and 62% for 10 K Miles. Good luck!

psylence

So i am looking at two cars right now,

Keep in mind I currently have a 2009 FX50S fully loaded
The dealer is willing to buy it out for $39,898, the car buyout price is $38,804 i also currently have $8k security deposit on it. They would carry over the security deposit to the new car as well as the equity in the FX to the new car. Are these good deals?

The lease payments would be with 10k miles

The 2012 M37S w/ Sport Touring, Premium, and sport packages as well as the aerodynamic kit
MSRP is $58,695
It is a dealer demo with 504 miles on it.

I was given the quote of $577 a month with $8,206 security deposit and $1,200 (minus 1k customer loyalty $2,100 orig)

Or

2012 M37X w/ premium package and the aerodynamic kit
MSRP is $55,760

I was given the quote of $544 a month with $7,700 security deposit and $1,200 (minus 1k customer loyalty $2,100 orig)

ohjack79

You might want to compare online with dealerships close to you. I used Truecar.com, and I saved $1250 on my car purchase. The site does a good job of finding the best prices between dealers in your area. It includes a price protection certificate that makes the buying process- Haggle free. Hope things work out. Good Luck!

Infiniti M37 2012 (Tech, Prem, Sports Package, Trunk Mat, Spl, Kick Plts)

TrueCar Price: $53,373.
Average Price: $55,654
Sticker Price: $59,580.

http://www.truecar.com/prices-new/infiniti/m37-pricing/?zipcode=06830&optionInfo- =6879424,6879426,6879420,6879421,6879435,6879441,6879433,6879442,6879428,6879440- &incentiveInfo=&colorInfo=868217,868213

dulnev

You wrote:

"Looking to buy car at end of lease. Lease seemed like a great way to get much lower payments."

It is a great way to get much lower payments, but it would be a terrible idea to buy this car at the end of the lease. That's because Infiniti's residuals are WAY WAY over-inflated. There is no way this car is going to be worth 59-61% of the MSRP after three years. There will be a glut of them coming off leases, depressing the resale price. You will be able to easily pick up the same car with the same or better mileage for $4,000 - 6,000 less than your residual value.

sgl1

Anyone know what the residual value is based on? ... Is it based on the MSRP of the car, or the average selling price?

kyfdx

MSRP

kwmoore4

I'm just curious as to why everyone is still wanting this car based on all of the feedback on transmission and other quality issues. I would love to lease one, but are all of these people just making up the issues on the 7 speed transmission and the loud engine sounds??

jim1969

Good question.

lfgfla

I also read the posts about transmission issues. I leased the 2012 M37 in May, and I've had no problems with the transmission or anything else. Maybe I'm lucky, or maybe they found a fix. It seems most of the complaints, if not all, are on 2011 models.

As an aside, my only complaint was with a dealer- Coconut Creek Infiniti in South Florida. If you live in this area, I would not deal with them. The manager on duty negotiated a deal with me, and when I went to pick up the car the next morning, I was told that the general manager rejected the deal and I had to pay more. It was ridiculous. I drove 30 minutes south to Lauderdale Infiniti and they agreed to my original terms.

dulnev

I have been driving the car for close to two months now, and the transmission seems fine. Yes, this is a harsher, less well-behaved transmission than I've experienced on some other luxury cars before, but not significantly out of the ordinary. In fact, it is about as rough as on my wife's Volvo XC60.

I do miss my Lexus GS450h's CVT transmission, but that's a different topic...

drakarula

I had no intentions to buy a new car but came across a great deal. I got a Factory demo M56S which is impossible to find in the north east. 4300 miles on it. It was in near perfect condition. I checked the window sticker and the MSRP was almost $69k! The car had all options but the aero package and the racing brakes. I didnt realize that they have gotten this expensive. I traded in my 2007 M45S with 50k miles and they gave me 20k. I was able to get the car for $52,500 plus I added the spoiler for 300. thats 16500 off sticker for a car with 4k miles on it! What a great deal. The car is awesome!

bobnyc

I have not bought a car in 16 years, so need a bit of help. Here is the car that I thinking about buying:

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listin- gId=79489436&listingRecNum=4&criteria=prMx%3D45000%26sf1Dir%3DDESC%26prMn%3D3500- 0%26alMdId%3D35027%26mkId%3D20019%26stkTyp%3DU%26mdId%3D35027%26crSrtFlds%3DstkT- ypId-feedSegId-mkId-mdId-pseudoPrice-pseudoYear%26rd%3D50%26zc%3D60606%26rn%3D0%- 26PMmt%3D1-1-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dprice%26sf2Nm%3Dmiles- %26isDealerGrouping%3Dfalse%26yrMx%3D2012%26alMkId%3D20019%26rpp%3D50%26feedSegI- d%3D28705&aff=national&listType=1

It is a 2011 Infiniti M37x with 4500 miles. Any opinions on what I should offer for a price?

eusshkr

I drove a 07 M35 for 3 years and at the end of my lease got a 11 M37. The only complaint I have had on this car has been the rattles and squeaks from the center console panel. I have taken the car to the dealership over 6 times to figure out the noise and finally got it fixed on my 6th time around.

Took the car in for a free car wash (my dealership provides one) and while waiting saw a M35 Hybrid. Took a test drive and boy does it drive so good. In fact I felt the transmission and acceleration was a whole lot better than the regular M37. In fact I did not even notice the 1-second delay between the time i press the accelerator and engine response, which happens on pretty much all Infiniti vehicles. I am seriously thinking of turning in my M37 and opting for M35h, which is supposed to give about 27mpg in City.

Are there any numbers available on the lease for the hybrid? Thanks.

sewellgsm

This vehicle was not moving - so Infiniti got crazy and out of no where has thrown $5000 of dealer cash on the table!!

If you ever wanted this awesome car - now is the time!

You should be able to get about $8000 off MSRP with this incentive!!

infinitiluv

SewellGSM,

I'm assuming you're in Dallas. I get VPP pricing and have fallen in love with the M37. Can I do better than the $8,000 off? I'm interested in some lease numbers on 39mo/15k miles yr.

Thanks,
Brian

lisainfranklin

Scott,
Where did you get your wife's G37 ?
Was this convertible or the coupe?
Do you know what the lease terms were like on the G37

sewellgsm

Yes, and being VPP you sould get a little more than $8k off...depends on the equipment...it is simple. You get invoice price minus the $5k IF you purchase...IF you lease you will get the invoice price minus $3250. Residual on 39 months is 47% of MSRP.

Contact me off line for more details.

alonzov1

Sewellgsm

Do you know if these incentives (5k and 3.25k) rolled into June?. Are these for the M37 or the M56 or both?

Thank you in advance

alonzov1

Sewellgsm

Any info on this?. Thanks