Anyone care to share comments about buying experiences (not price, but the integrity, service, etc.) of Infiniti dealers around CT (Harte, George Harte, Inskip, etc,)
Ironically, I took a friend to pick up an Audi in NJ and found out that Audi was offering a $2500 owner loyalty discount. Since my lease is terminating on my current A6 2.7T which I love and I wasn't going to replace with a new A6 3.2Q because the lease price increased so much. Result was I am getting the A6 this month. It is more my kind of car than the M but I'm sure had I leased the M I would have been happy with it. What I was doing was playing Atlantic Infiniti and Millenium off against one another. As I mentioned Atlantic was down to $400 over invoice and Millenium $300 when I stopped. I live on the south shore so Atlantic was more convenient which Millenium realized and was trying a little harder. They both are more high pressure than Audi dealerships. I don't know about service. Get lease quotes including 39 months which seemed to be a sweet spot in Infiniti leases. J
Pat or Karen, can you help me out with these numbers?
I am looking at a Base M35x and here is what is being offered:
Purchase Price: $41,739 27 month lease MF.00048 Residual Value - 15k miles -64% 12k miles- 65% $498 for 12k $515 for 15k per year $2100 out of pocket (Tax, First Month, other fees)
Your advice on the value of this deal would be greatly appreciated.
Hi automanic. This car's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2007 M45 with 15,000 miles per year are .00107 and 55%, respectively.
Hi diman1881. The only fee out of the ones that you mentioned that is not a legitimate charge is the documentation fee of $203. All new vehicles that are sold in the U.S. have a destination charge that is essentially part of their price. All banks that lease vehicles charge an acquisition fee. Infiniti Financial Services' base acquisition fee is the $595 that the dealer is charging you so they aren't making any money on that aspect of your deal. The license fee is something that your state charges. The doc fee though is nothing more than a way for the dealer to pad your deal. Most dealers charge some sort of doc fee on new vehicles. A $200 doc fee isn't outrageous.
Hi clarence10. The money factor that you were quoted for this car looks about right to me. I would be happy to give you my opinion on the price that you were quoted for it if you let me know what this car's MSRP is. It will show me how much of a discount you are being given.
Hi bcmull. Here's the information that you're looking for. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 Infiniti M35X with 15,000 miles per year are .00093 and 54%, respectively. The numbers for an otherwise identical 39 month lease are .00102 and 53%.
At lease signing you will be required to pay your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, IFS' $595 acquisition fee, and any required state taxes or fees. The main dealer fee to watch out for is the doc fee. This is nothing more than a way for dealers to pad deals.
Well, I pulled the trigger yesterday. I wound up at a different dealer that seemed more reliable based upon the BBB. I think I did OK. Please let me know
Here is the final info:
Diamond Graphite M35x
MSRP: 44,550 (+ 130 Splash Guards, TrunkMat $80) Total MSRP $45,410 Purchase Price: $41,965.87 27 month lease MF.00048 15k miles $512 for 15k per year $2483.26 out of pocket (NY Tax, First Month, other fees) Purchase Option - $29,062.40
Should the Acquisition Fee ($595) and Dealer-installed options (Aero Kit) be included when you calculate the residual? Or are they treated like sales tax and other license fees?
If I have a car at lease end that is worth more than it's residual value, can I purchase the car and trade it in on another vehicle without first titling in my name?
good morning carman. i am trying to follow the process with the lease related to bcmull. i am new to leasing. i have always purchased in the past but it appears leasing my be the correct plan this time. i understand the money factors and residuals but my local dealers in central pa address a rather large capital cost reduction or down payment...normally $3k. add this amount to the first months payment, secuity dep. and taxes....it adds up to $5k. should i be seeing this $3k upfront payment or should i negotiate the lease amount direct from the selling price. thanks
There is no reason to make a downpayment/capital cost reduction up front...as a matter of fact, you should not do it. The infiniti lease does not require any such payment. The better option is to take the same money and use it to make multiple security deposits which will lower your money factor....and you will get the amount back at the end of the lease. Search this thread for discussion on multiple security deposits.
You negotiate a lease by first negotiating the cash price for the car (msrp less whatever discount you can negotiate). Then the residual is applied to the MSRP not the negotiated price...finally the payments are calculated based on the mf. Once you have the payment, you can make multiple security deposits by rounding the calculated payment up to the nearest $50....and based on the number of security deposits you decide to make, the mf is reduced and the monthly payment is then recalculated. Of course you have to add taxes once the final payment is calculated.
All you pay up front is the first month's payment (after any reduction for multiple security deposits) and any registration fees and taxes. All other fees should be rolled into the lease.
I live in SE Connecticut and received the following offer from a dealer in the Boston area.
M35X w/o NAV $45,380 MSRP $42,657 Purchase Price
39 month lease, 12K per year $2500 total out of pocket (includes 1st month, title, a little bit of cap cost - but not much).
$499 per month, plus 6% Connecticut tax
Is this a good deal? We really were not in the market for a vehicle until 3-6 months down the road. Can we expect to get this type of payment or less if we wait or should we jump on it now? Thanks.
Thanks for the information. Before I contact Harte, can you clarify the -0- out of pocket. By -0- out of pocket, does that mean your 1st month payment, security deposit, fees, etc. are incorporated in the lease or did you pay those seperately? Also, do you feel comfortable telling me what you ended up paying for your vehicle? Your deal sounds very good and I would like to replicate it with 12k per year instead of 15 k.
BCMULL - Just made the deal over the phone with Harte Infiniti in Hartford - no haggling, very straightforward. I referenced your deal for the M35x and they gave me the same one with 12k per year.
39 month, 12K per year -0- out of pocket $583 including tax
I think we will pay 4-5 extra security deposits to lower the payment further. I can't thank you enough for your information. Good luck and enjoy your M35x.
p.s. Ignore my previous request for information since I already made the deal.
Bill - Stewart was not in the office today. I spoke to Joe (I think he is the internet sales manager?). He knew who you were and immediately said he would match your deal with the 12K adjustment. Gave him the security deposit over the phone and will fax the lease application to him in the morning. Quick and easy. I will pick up my new M35x Black with wheat interior shortly. Thanks again for your hard work. Hopefully, they will thank you with some discounted service. CSG
Can somebody please comment on the merits of this 27 month lease package - offered recently for a 2007 M35 awd with the advanced technology package:
MSRP: $51,660 (this is above my calc for MSRP, but assume it is correct) Purchase price: $47,394
Up front payment of $2,669 (includes (i) $1,467 of taxes, (ii) $595 bank fee, (iii) $45 dealer fee, (iv) $12.50 gov't tire fee, (v) $550 first month payment)
Monthly payments: $550 (factors in a $700 destination fee).
Money factor is claimed to be 0.00048 (translates to 11.7% - I can't see how that is right).
OK, I have seen some great deals on the M35X recently. I visited my dealership and was given the "Best" deal they can give. We will see after I get more info from this board. M35X with Tech Package MSRP $48300 Sales price $45,300 Payment is $619/month for 27 months (Includes our 7.25% Tax) Out of pocket is $985. Seems like I should be able to get to around $500/month payment. HELP!
All I can offer you is to do a little more homework. First you need these bits of info: What is MSRP, what is Cap Cost (your negotiated price), MF (interest rate over term), Residual Value at end of term, what are dealer fees and bank AQ fee. Once you have all these parts, you can use online lease calculators to get a monthly payment and play around with money down scenarios. **Just a word of caution, try not to put too much money down out of your pocket. If your car is totalled or stolen you lose that money. Second, it goes straight to the dealer's pocket, instead you can keep that money in a CD and earn interest. Good Luck!!
I went back to the dealership today and they gave me the following numbers. It sounds really good. what do the other members out here think? M35X with Tech package MSRP $48,200 Cap Cost $44,600 Residual $32,200 Payment $565.11 with a buy down on the money factor to .00001 = about a .2% interest rate. with putting 4 times the security deposit down or $2,400. 27mths/12K a year I would have out of pocket of $885 Includes 1st payment, taxes, $200 Doc Prep $75 license fee.
I actually was going to lease a G35X but this comes out cheaper and has a shorter term.
I pulled the trigger on an 07 M35 Sport w/ navigaiton technology pkg., XM radio and trunk mat. Love it. Got a great, no hassle deal from Miller Infiniti (Van Nuys, CA) fleet dept - David Marsh. Sticker: 48,280 Selling price: 44,200 (supposedly invoice price) Lease: $2000 drive off, 513 plus tax per month for 27 months, 15k per year. (27 months had the best money factor, by far.) I am pleased with the deal, which was better than my returning fx35 lease.
Hi lexusmonkey. Vehicles' acquisition fees cannot be residualized (the destination charge can be though). I'm not sure if Infiniti Financial Services allows the dealer installed options like the Aero Kit to be residualized. There is a decent chance that it does, but you will have to check with your dealer to find out for certain.
Hi stlgasman. If your leased vehicle is worth significantly more than its purchase option price you should be able to use it to your advantage during your negotiations for your next car or truck. The dealer that you are working with will be able to facilitate the trade of your leased vehicle.
Hello mlip. Infiniti Financial Services' current buy rate lease money factor and residual value for a 27 month lease of a base 2007 Infiniti M35 with 15,000 miles per year are .00058 and 65%, respectively. The numbers for an otherwise identical 36 month lease are .00100 and 55%. Lastly, the numbers for an otherwise identical 39 month lease are .00107 and 54%.
Hey cfg1. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 M35X with 15,000 miles per year are .00074 and 53%, respectively. I am not sure what sort of money factor reduction IFS provides for one pay leases. I can tell you though that if you want instead of one pay lease you can make additional security deposits, with each additional deposit reducing your vehicle's money factor by .00010 up to a maximum of nine.
Good morning stickyfeet. Dealers often try to convince consumers to make down payments on leased vehicles to make their monthly payments look more attractive. Consumers can and should lease any vehicle that they want without making any sort of capitalized cost reduction. At lease signing all you are required to pay are your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, Infiniti Financial Services' $595 acquisition fee, and any required state taxes or fees.
As far as your negotiations go, shop around and negotiate as low a selling price as possible on the car that you want and then have the dealer that you are working with calculate your vehicle's monthly payment using its buy rate lease money factor.
Hi stlgasman. I can give you an idea of what Infiniti's March lease program for this car is like. However in order for me to do so I need some additional information from you first. This info includes the exact model that you want, how long you want to lease it for, and what mileage allowance you need.
If you buydown the money factor with security deposits on the 27 month, you are either going to overpay to get to .0001 or settle at .00018. Is it worth it to pay an extra deposit to get that last .00008? Also what is the residual on 12K leases?
Car Man, I would like to see the MF and Residual for March on a 2007 M35 Sport Sedan. Please list the 24 and 36 month programs with 15k miles/yr. Thanks
If it was worth buying down the rate from .00028 to .00018 then it's worth buying down .00018 to .00008 (if they will do it...they may limit the minimum payment to .0001).
It costs you nothing to buy down the rate...you get the money back at the end. All you lose is the interest you would have earned if you kept it in a bank yourself. Your savings using multiple security deposits will be more than you can earn in a bank.
I can lease a M35X for $489/mo. /10K /$2500 down-includes taxes,bank fee and 1st month. Retail is $48550 - sell price is $44482. How does that sound? Dealer is in Lynbrook,NY - thats on Long Island. Ken
I was told by a dealer here in St. Louis there is no disposition fee for Infiniti leases. Can anybody verify this?? Infiniti's website makes no mention of disposition fees, but I've never seen a lease w/o it. Thanks.
Comments
Thanks,
Bill
What I was doing was playing Atlantic Infiniti and Millenium off against one another. As I mentioned Atlantic was down to $400 over invoice and Millenium $300 when I stopped. I live on the south shore so Atlantic was more convenient which Millenium realized and was trying a little harder. They both are more high pressure than Audi dealerships. I don't know about service. Get lease quotes including 39 months which seemed to be a sweet spot in Infiniti leases.
J
I am looking at a Base M35x and here is what is being offered:
Purchase Price: $41,739
27 month lease
MF.00048
Residual Value - 15k miles -64% 12k miles- 65%
$498 for 12k
$515 for 15k per year
$2100 out of pocket (Tax, First Month, other fees)
Your advice on the value of this deal would be greatly appreciated.
Also, what are required fees versus dealer imposed fees?
Thanks in advance.
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At lease signing you will be required to pay your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, IFS'
$595 acquisition fee, and any required state taxes or fees. The main dealer fee to watch out for is the doc fee. This is nothing more than a way for dealers to pad deals.
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Put down first month today. This board was a big help in understanding the lease process and facilitating a good deal.
Bill
Here is the final info:
Diamond Graphite M35x
MSRP: 44,550 (+ 130 Splash Guards, TrunkMat $80)
Total MSRP $45,410
Purchase Price: $41,965.87
27 month lease
MF.00048
15k miles
$512 for 15k per year
$2483.26 out of pocket (NY Tax, First Month, other fees)
Purchase Option - $29,062.40
Thanks!
Thank you.
You negotiate a lease by first negotiating the cash price for the car (msrp less whatever discount you can negotiate). Then the residual is applied to the MSRP not the negotiated price...finally the payments are calculated based on the mf. Once you have the payment, you can make multiple security deposits by rounding the calculated payment up to the nearest $50....and based on the number of security deposits you decide to make, the mf is reduced and the monthly payment is then recalculated. Of course you have to add taxes once the final payment is calculated.
All you pay up front is the first month's payment (after any reduction for multiple security deposits) and any registration fees and taxes. All other fees should be rolled into the lease.
M35X w/o NAV
$45,380 MSRP
$42,657 Purchase Price
39 month lease, 12K per year
$2500 total out of pocket (includes 1st month, title, a little bit of cap cost - but not much).
$499 per month, plus 6% Connecticut tax
Is this a good deal? We really were not in the market for a vehicle until 3-6 months down the road. Can we expect to get this type of payment or less if we wait or should we jump on it now? Thanks.
39 month, 15k per year
$0 out of pocket,
$599 including tax
Try George Harte Infiniti in New Haven...call Stewart Spaner (I have no vested interest in this guy, George Harte or Inifinit).
39 month, 12K per year
-0- out of pocket
$583 including tax
I think we will pay 4-5 extra security deposits to lower the payment further. I can't thank you enough for your information. Good luck and enjoy your M35x.
p.s. Ignore my previous request for information since I already made the deal.
May I ask who you used as a salesperson? Stewart?
Bill
- 27 Month
- $535/month
- 12k per year
- First month due at signing
**It was $554/ month for 15k
The deal should be much better on the 27 month since Infiniti seems to be pushing that lease for February.
Best deal is def on the 27 months...
MSRP: $51,660 (this is above my calc for MSRP, but assume it is correct)
Purchase price: $47,394
Up front payment of $2,669 (includes (i) $1,467 of taxes, (ii) $595 bank fee, (iii) $45 dealer fee, (iv) $12.50 gov't tire fee, (v) $550 first month payment)
Monthly payments: $550 (factors in a $700 destination fee).
Money factor is claimed to be 0.00048 (translates to 11.7% - I can't see how that is right).
Residual value: 65% ($30,806.10)
Thanks in advance
First off, the money factor is 1.17%, which is extroidinary.
I just purchased a M35X:
Money Facotr: .00048
Residual: 65%
MSRP: $48,630
Purchase Price: 43,500 (1K below invoice)
27 mo lease
2.5K down, $385 per month.
Obviously it makes best sense to not put anything down, given the 1.17% rate, but my wife insisted on less than a $400 payment.
Great car; just needs a sixth gear.
I have seen some great deals on the M35X recently. I visited my dealership and was given the "Best" deal they can give.
We will see after I get more info from this board.
M35X with Tech Package
MSRP $48300 Sales price $45,300
Payment is $619/month for 27 months (Includes our 7.25% Tax)
Out of pocket is $985. Seems like I should be able to get to around $500/month payment. HELP!
What Does everyone think?
What is MSRP, what is Cap Cost (your negotiated price), MF (interest rate over term), Residual Value at end of term, what are dealer fees and bank AQ fee. Once you have all these parts, you can use online lease calculators to get a monthly payment and play around with money down scenarios.
**Just a word of caution, try not to put too much money down out of your pocket. If your car is totalled or stolen you lose that money. Second, it goes straight to the dealer's pocket, instead you can keep that money in a CD and earn interest. Good Luck!!
M35X with Tech package
MSRP $48,200
Cap Cost $44,600
Residual $32,200
Payment $565.11 with a buy down on the money factor to .00001 = about a .2% interest rate.
with putting 4 times the security deposit down or $2,400.
27mths/12K a year
I would have out of pocket of $885 Includes 1st payment, taxes, $200 Doc Prep $75 license fee.
I actually was going to lease a G35X but this comes out cheaper and has a shorter term.
Thoughts ...comments?...
Got a great, no hassle deal from Miller Infiniti (Van Nuys, CA) fleet dept - David Marsh.
Sticker: 48,280
Selling price: 44,200 (supposedly invoice price)
Lease: $2000 drive off, 513 plus tax per month for 27 months, 15k per year. (27 months had the best money factor, by far.)
I am pleased with the deal, which was better than my returning fx35 lease.
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As far as your negotiations go, shop around and negotiate as low a selling price as possible on the car that you want and then have the dealer that you are working with calculate your vehicle's monthly payment using its buy rate lease money factor.
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I would like to see the MF and Residual for March on a 2007 M35 Sport Sedan. Please list the 24 and 36 month programs with 15k miles/yr. Thanks
It costs you nothing to buy down the rate...you get the money back at the end. All you lose is the interest you would have earned if you kept it in a bank yourself. Your savings using multiple security deposits will be more than you can earn in a bank.
Ken
Ken
I was quoted a lease factor of .00073 and a residual. of 64%. Is this right? I noticed another post having the values at .00058 and 65%.
Thanks for the help!