Infiniti M37 M56 Lease Questions

hiya4

Yes, a grid for the 06s would be great.

Am still trying to negotiate my deal and would like to know if they are giving me the "real" figures.

bgates222

im gonna fly down and drive it back lol yes i know putting 1100 miles on it on the drive back sounds dumb but paying over a grand for shipping i also havea guy in north carolina trying to match the florida deal but his is a m35 sport with journy and advanced tech package and wood trim so well see:

update: the guy in north carolina has matched the 680.00 month
68% resid mf.0001 21month 15k miles but car comes with
journey sport package,painted splash guards (yippie), advanced tech package with xm and the wood trim

joep0000

ghstudio: "I think you may find that the 24 month lease may actually cost less per month...check that out."

ghstudio, if you think that the 24 month lease costs leass that tne 21 month lease, give us the basis for your opinion.

How about posting the monthly payment that you came up with for both leases that caused you to make that statement.

ghstudio

I have always suggested that a buyer ask the dealer to run all of the cases..and not rely on "oh the last one we ran was around so and so". You can't always tell by looking at the mf and residuals. For example, if the mf is the same for both 21 and 24 month leases and assuming a 66% residual on the 21 month lease the monthly price of a typical M35 is around $594. If the residual is the same for the 24 month lease, this monthly payment drops to $520. Now, if the residual for the 24 month lease drops to 63%, you still pay less per month for the 24 month lease...$578. This will change based on the price you negotiate for the car....but the message is that when you are dealing with 21 vs 24 months, you have to run both cases.

bgates222

from what i was told the mf .00001 was for the 21 month only

bgates222

ghstudio thanks for your help i think i did pretty good

m35 sport with journey and advanced tech package,wood trim etc.

68% resid
.0001 mf
1st payment, dealer fee due at signing
680.00 a month

a month ago i thought 5000 down and 769 a month was a good deal thanks for your help

joegolfer1

are these 21 monthy leases for 2007 or 2006 M-35's?

max929

I bought a 2007 M35x on 8/5/06 and got a 21 month lease. Can't remember all the numbers off the top of my head but I did use the max multiple security deposits to lower the MF (I had equity coming back from trade). It was a VPP purchase and is equipped with HIDs, Tech, Advanced Tech, rear spoiler, splash guards and trunk mat. Payment ended up being $617 a month.

yoxxy

I just got a quote on a lease for a 2006 m35x with Premium Package. MSRP is 54780. Selling price is 51,000. Down Payment is $2,000 (tax, title, license, and first payment) and the monthly payment is 680.00 for 15k miles per year for 2 years. This would seem to be a good deal, but I think maybe I can get it to 50,500. What does anyone think of this price?

bgates222

2006 m35's with .0001 money factor

rlsrlj

yes-I got an '06 M35 rwd with everything- tech, nav and journey. $750 down 12k miles 2 yr lease-530.35 a month!

bgates222

just thought of this and im not sure but if i sign the lease for 21 months at 15k miles per year is month 13-21 considered a year ? so i would have 15k miles from month 1-12 and 13-21?

kyfdx

1250 miles per month....

1250 X 21 = 26,250 total miles..

troyy2k

even though there is a great 2 year lease on the m35, it still maybe cheaper to go with the 2007 because:

1) residual value is better for the 2007 leas rite now, compared with the 2006 rite now (correct me if i am wrong)

2) option groupings changed in 07, so you can get a cheaper vehicle. for example, an 07 sport w nav is $48,200, while an 06 sport w nav is $50,190.00. That's a 2000 dollar difference - sure, you dont get the cool cruise control on the 07 package, but i don't want that.

QUESTION: does a 2006 with a nearly 0 percent money factor, lease for less than an 07, which may have a higher residual value, and have a lower sticker price (b/c of option packaging difference. )

troyy2k

The Smile:
i have an fx35 awd with a scheduled lease end in feb 07.

The Suck:
i am going to be over the allowed miles by over 12,000.

I have to buy $1,200 in headlight which was destroyed in a crash.

The Solution to the Suck:
If i approach infiniti and ask them to buy out/terminate my lease on the fx35, to buy an m35, do you think they will simply accept the trade w/o me having to pay any extra? The fx is right side up - buyout is 20,000 and car is likely worth more than that on thre market.

Any other options?

troyy2k

I found a really nice 2006 m35 sport. What is the lease for the following M:

2006 m35 sport rwd with tech package, sirius radio
MSRP is 50190
selling price is: 46,000

does this qualify for the special 'almost-no-precentage-rate lease?

Kindly let me know what the residual and money factors/monthly payments are.

Thanks!

:P

bgates222

from what i was told all 2006 m's 21 month lease .0001 money factors

acerfan

All Ms? Does this include the M45 also?

If not, does anyone know what the lease incentives are for the 2007 M45?

Thanks.

ghstudio

August rates for 2007's are posted about three pages back in this forum.

acerfan

Msg #630 mentions M35s. I am wondering about the M45s, both '06 and '07.

docgary

I was looking for basic M35X - no frills to keep payments down..the following was offered:

2007 M35X.... 21 month lease... 12k miles/year

MSRP - $45,410 ....... Cap cost reduction $2,999

resid....$34,511 (works out to 71%)
dep......$6079
rent.....$3769

21 payments of $469 - with tax $511/month

I got the deal to:

Cap cost red.....$2250
1st month.........$511 (inc tax)
bank fee...........$550
TAX on bank fee.$38 (has anyone seen TAX on these fees?)
TAX on doc fee...$14
Doc fee.............$400

$2250 DP, $1511 1st month ,fees etc ($3761 OTD)....$511 x 21 months

Feedback anyone?

ghstudio

please do yourself a big favor and read back in this forum about multiple security deposits (good) vs capital cost reductions (bad). Don't make any capital cost reduction.

What is the negotiated price for the car...this looks like you are paying MSRP. Sounds like the dealer is moving numbers around to give you a low monthly payment...but they are actually charging you the list price on the car.

You should walk out the door writing a check for the first month's lease payment and the registration fee...everything else should be built into the lease.

Read back in this forum....

buc21

I've been talking to a local dealer about a 2006 M35 with Journey and Navigation. The dealer is offering
MSRP 46,440
Cap Cost of 44,100
Tax 2,862.97 (6.5% in Texas)
Doc Fee $50
Bank Fee $550
Net Cap 47,562.97
24 month lease
15K/yr
MF .0016
Residual 65%
0 down

Here is the confusion. If I plug the numbers into my system I come up with a monthly payment of $582 before taxes.

The dealer is quoting $725/month. He says that most of payment is depreciation and rent is minute portion. But he rolled taxes into the calculation.

What am I doing wrong? How come other people are being quoted lease payments in the 500's (I assume those are also 0 down).

Should I include taxes in the Total Cap? Or should taxes be added to the monthly payment? In my case it would be 582 + 6.5%.

Your help is greatly appreciated.

ghstudio

unless it's a typo, the mf of .0016 is much too high....did you miss a 0?

brodsky

To ghstudio: Can you please briefly describe the concept of "multiple security deposits"? Also, do all dealers offer multiple security deposits? I have always leased (for business reasons), and have always put down about $5k to keep my monthly payments lower, despite having always heard that one shouldn't put any money down on a lease (why is that?). I've had two Audi's (an A6 and an Allroad) but I'm interested by the M35x. Thanks.

ghstudio

Many entries earlier in the forum...but one more time.

Infiniti credit (and some others like BMW) allow you to make additional security deposits when you lease a car. By doing so, you reduce the mf on your lease...in infiniti's case, by .0001 for each security deposit. At the end of the lease, you get the security deposits back...unlike a down payment where they keep the money. I have put some examples in earlier posts...but in essence you "earn" about 12% per year on that multiple security deposit amount...far better than you could earn by putting the same money in a bank. If you work out the total cost of a lease using down payments vs multiple security deposits, you are far better off making multiple security deposits...even though the monthly payments are larger.

Dealer's don't talk about multiple security deposits because they want to sell you a car...they don't want to explain leasing concepts. Like you, most buyers only care about the size of the monthly payment...when you and they should be worrying about the total cost of the lease.

1qx1m

I am super new to a fourm. I have never read or sent a message to one, so please be patient.

I have spent the 3 nights reading old posts, and I have learned alot, more than I thought I would learn when I first started to read them.

I think I feel good about negotating a good deal from the dealer Invoice + a few bucks.

What I have several questions one is around the MF and the RV. Is the MF & RV also negotatable? I also understand the more SD you do it will lower the MF and in turn lower the payment. I am not sure if I want a 2007 35 or a 45 sport, it will all depend on the MF and the RV.. and finally the payment

Do you know how the MF and the RV change in the length of the lease 21,24,36,39 months?

A 3 year seems to make be the best b/c you do not have to do this all over again so soon...any thoughts????

Finally I am not in a hurry to get this car, so is there a better time to do this at the end of the month or end of year or any time as good as any

I have about 5K in equity in my current car, I will probably use that as a SD to lower the PMT

I have seen payments all over the place here on the forum, so I do not know what is realistic, if you could give me some numbers on the MF and the RV I can run the cal.'s on the website.

thanks so much for your help

ap :confuse:

ghstudio

Welcome and hope this forum helps. MF and RV are generally not negotiable, however some dealers do try to add just a little to the MF which is apparently allowed by Infiniti finance. The August M35 2007 rates are posted a few pages back.

You really have to ask the dealer to run all the cases to see which gives you the cheapest cost of ownership. In July and August, the 24 month lease was cheaper than the 36 month lease. You can't tell from the mf/rv so you have to run all the cases. The rates for both mf and rv are also different for each model as well as the m35 and m45.

Some of us prefer a 24 month lease because we can get a new car sooner . As a rule, most don't want to lease any car longer than the warranty so that's another consideration.

If you are interested in a 2007, I would wait a month or so because the lease rates will stay high until the 2006's are all sold.

madrad

As you've mentioned, MFs are great now on the 2006s compared to the 2007s. And I think from reading many previous posts that RVs are in the mid 60s for 2006 M35x. And from the table posted earlier I see that RV for 2007 is now 70 or 71 for 24 mos/12. Is this difference because it's close-out time for the 2006s? Or put another way were the RVs of the 2006s also around 70 last August?

Thanks so much for this great forum...I've learned a lot.

1qx1m

Cool thanks I will start my research now and look to buy in a month or so.

I could not find the MF for the 2007 m35's do you mind posting them again. I assume you are right...the MF will go down when the 06's are gone. Is there a formula for the MSD's meaning every SD does it lower the Payment a certin dollar amount approx. if so how can I figure this out.

I really want to know all my numbers before I show up for the deal.

Finally do you think I should try to find a 2006 b/c of the deals or should I wait for the 2007////remember I am in no hurry, I just want a good deal on the car.

ap

ghstudio

Each security deposit drops the mf by .0001

The only significant change between the 06 and 07 is that the 07's have a much more adjustable passenger seat which was a complaint about the 06's. Other than that, the only changes are in the packaging of the features.

ac3

I have been offered the following deal.

$599 for 39 months (incl tax)
MSRP 46,980
Cap Cost $42,850
Resid 24,879 or 53%
12k miles per year
MF = .00115
No money down
OOP = inception fees or approx $2,000 (in NJ)

Thanks - I need feedback soon.

ghstudio

First of all, it's almost impossible to comment on any lease when you include taxes...because every state is different.

No money down and $2000 out of pocket don't exactly sound right. You should be paying the first month's lease payment plus registration fees out the door. That is not $2000.

You probably will save quite a bit of money if you do the lease for 24 months or 21 months....those leases have a mf of approximately 0. Actually, if this is for a 2006 car then .00155 is awful. Is this an 06 or an 07?

ac3

Sorry the MF should have said .00115 not .00155 It is an 06. The $2000 is for 1st month, 599, bank fee $650, and security deposit. of $600, reg. so not exaclty $2000 but damn close
Tax in NJ is 7%.

So any thoughts now that I have cleaned this up?

Do you know th MF and RV for '06?

And thanks for your quick feedback.

ghstudio

I think you should get ask your dealer to run a 21 AND a 24 month lease..both of which will cost you less per month than what you were quoted. The 21 month lease is an August special and is effectively zero interest.

The bank fee is almost always rolled into the lease...you don't have to pay it up front.

I assume that your credit score is not great...Infiniti usually doesn't require any security deposit.

I do suggest that you take advantage of infiniti's "multiple security deposit" option...read back in this forum for the explaination of how this works. Having said that, I think the 21 month mf is now .00001 so multiple security deposits won't reduce that at all.

ac3

Your advice has been very helpful.

My credit score is outstanding. I have just been dealing with the dealer on the phone so far and he hasn't run my credit report yet.

I will difinitely have him run the 21 and 24 month numbers but I thought the 21 month lease was just for 2007 models.

I understand the multiple securtiy deposit scenario as I have been reading these posts quite a bit. I was just leaving that out until the end after I had arrived at the best deal first.

Are you certain the 21 and 24 lease rates apply to the 2006 models?

What is your thought between the M35 and a MB E350? Which is the better value and which is the better car (I know the last part of the question is personal preferences but I am curious).

ghstudio

The 21 month is a special for August to clear out the 06's. There is always a 24 month lease so it applies to the 06 and 07's. You have to run the numbers to see which is the best lease..it's not always 36 or 39 months.

An excellent navigation system was a basic requirement for me (I'm in real estate). The infiniti nav is far better than the mercedes. The M35 is also less expensive, better back seat comfort and access and Mercedes has not excelled in quality the past few years. I did consider the mercedes diesel e but it would have cost significantly more and they have a new, more powerful diesel coming out in 07 or 08. The m35 was an easy choice especially with the leasing deals infiniti has been offering.

ac3

Does anyone happen to know the MF and RV for the 21 month lease on an M35X?

I am mking my final decision on Friday and would like to have all the info

Thanks in advance.

blueyfish

Called 2 dealers regarding the MF for an 06 M35X. Had seen on the forum that the 21 factor is .0001 however, both dealers gave me different numbers. What's the story?

Called 2 delerships for MF on M35X. Had seen on the Forum that 21 month was .0001. However both dealers gave me different numbers. What's the story

blueyfish

Don't know why it duplicated....

joegolfer1

I must have misunderstood previous messages because I thought some folks said this low rate applied to 2007's. I just left a dealer and they confirmed the MF and Residuals posted earlier but had no knowledge of the .0001. I am in Massachusetts and the dealer has not had any 06 models for a few months. They also only had 35x's and I was not sure if the .0001 applied to both RWD or AWD models.

I am going to wait a month or 2 to see if they get more aggressive on the 2007's.

Unless anyone can tell me where in the Northeast there are some 2006 35x's.

CarMan@Edmunds

Hi joep0000. Here's the information that you're looking for:

For August of 2007:

2007 Infiniti M35x (AWD)

24 mo/15k mi: Residual Value 69% – .00239 Money Factor
36 mo/15k mi: Residual Value 56% – .00239 Money Factor
48 mo/15k mi: Residual Value 43% – .00275 Money Factor

24 mo/12k mi: Residual Value 70% – .00239 Money Factor
36 mo/12k mi: Residual Value 57% – .00239 Money Factor
48 mo/12k mi: Residual Value 44% – .00275 Money Factor

2007 Infiniti M35 (base model with Rear Wheel Drive)

24 mo/15k mi: Residual Value 69% – .00228 Money Factor
36 mo/15k mi: Residual Value 57% – .00239 Money Factor
48 mo/15k mi: Residual Value 48% – .00275 Money Factor

24 mo/12k mi: Residual Value 70% – .00228 Money Factor
36 mo/12k mi: Residual Value 58% – .00239 Money Factor
48 mo/12k mi: Residual Value 49% – .00275 Money Factor

Let me know if you have any other question.

Car_man
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CarMan@Edmunds

Congratulations on your new ride, ram60. Thanks for taking the time to share the details of your deal with everyone. Enjoy!

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CarMan@Edmunds

Here's the info that you're looking for, joegolfer1. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti M35 AWD with 15,000 miles per year are .00239 and 69%, respectively. Its numbers for an otherwise identical 36 month lease are .00239 and 56%. 15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.

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CarMan@Edmunds

I'd be happy to help you out, Bushwack. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a base 2006 M35 2WD with 12,000 miles per year are .00016 and 66%, respectively. The numbers for an otherwise identical 36 month lease are .00098 and 55%. IFS' buy rate money factor and residual value for a 24 month / 12k lease of an '06 M35 Sport are an amazing .00001 and 64%. The 36 month / 12k numbers for this car are .00077 / 53%. This lease program is scheduled to run through September 5th.

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CarMan@Edmunds

I have seen the lease program that you mentioned, joep0000. Infiniti Financial Services' current buy rate lease money factor and residual value for a 21 month lease of a 2007 Infiniti M35 AWD with 15,000 miles per year are .00239 and 74%, respectively. For a lease with only 12,000 miles per year this car's money factor is the same, but its residual value is 1% higher.

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CarMan@Edmunds

Hello wpbleaser. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 M45 Sport with 15,000 miles per year are .00239 and 71%, respectively. The numbers for an otherwise identical 36 month lease of this car are .00239 and 58%. The numbers for a 39 month / 15k lease of it are .00239 / 55%. Its 12,000 mile per year residual values for all of these terms is 1% higher.

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CarMan@Edmunds

Hi there hiya4. The car that you described has a spread of around $4,500 between its full MSRP and dealer invoice price. You are only being given a discount of slightly under $2,500 on the car that you are interested in. I personally would not be surprised if you were able to negotiate a lower price than that by negotiating more with this dealer or by comparison shopping a little bit. Negotiate the best possible price and the make sure that the dealer that gives you that price calculate your car's lease payment using Infiniti Financial Services' buy rate money factor. Its buy rate for a 24 month lease of a 2006 M35 AWD is currently .00044.

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CarMan@Edmunds

Hi bdrick. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2006 M35 Sport with 15,000 miles per year are an outstanding .00001 and 63%, respectively. This car's 21 month money factor is exactly the same, but its 15,000 mile per year residual value increases to 68% for this term.

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CarMan@Edmunds

Hey hiya4. The numbers that you posted are not correct. With the payment of a security deposit, IFS' current buy rate lease money factor and residual value for a 24 month lease of a 2006 M35 AWD with 15,000 miles per year are .00044 and 65%.

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