Infiniti M37 M56 Lease Questions

ghstudio

Any deal that includes money down in front is a BAD deal. Take that same money and use it for multiple security deposits (unless you are in a state that does not allow multiple security deposits...there are a couple).

Stop being a "leasing dummy".....stop focusing on monthly payments....focus on the total cost of the car over the term of the lease.

The total you are paying for this car for the 27 months you will have it is $485x27 PLUS $5000....which is $18095. Now divide that by the 27 months and your real cost is $670 a month. (note...if the $5000 includes the first months payment, than just multiply $485 by 26 in the above...but divide by 27 months).

Using that $5000 for multiple security deposits will bring down the money factor you are being charged and your real cost will drop per month. Multiple Security Deposits are a standard option on the Infinity leases.

mvious

Thanks for your help.
I'm in NY and I don't think the multiple security deposits are an option.
The 5k includes firsts months payments, So it comes to $652 per month

Think I can get them to come down more?

enycelilc

does anyone know the money factor and residual values for july for the m35x for 15,000 miles and 24 months and 39 months?

enycelilc

im working on a deal right now for an m35x with advanced tech, aero kit and rear spoiler and chrome wheels

mf - .0002 residual value is 63% (i locked in june's rates)
24 months
15,000 miles
$711 a month

no money down except first payment and fees

sound like a good deal?

bmulberry

I was just quoted an MF of .00068 and a residual of 50% for 39 mos and 15k miles. The residual is pretty poor.

mvious

Looking to go sign final contract and pick up the car tomorrow.

2007 M35X - Tech package, XM radio, Aerodynamic kit

Only money down is Tax, First month payment, bank fee, tags, DMV fees.

$549
39 months
12k miles per year

I just want to make sure I am getting a good deal before I sign.
Thanks

surfsup1

I'm looking to lease an 07 M45 with Tech Package. This is the deal they're offering so far, which isn't bad, except the $5,000 Down Payment. If you eliminate/reduce the Down Payment the monthly payment shoots up. I can't really reduce the Money Factor any further. The Base Cap Cost is fair.

The only real possibility I see for me to make this a better deal is to have them increase the Residual Value. The 64% Residual on a 24 month lease seems really low to me.
Is that the going Res. Value on 24 month leases?
Is the value negotiable?
A

MSRP: $52,765
Base Cap Cost: $49,947
Acquisition Fee: $595
Deposit: $4,999
Net Cap Cost: $45,543
Residual: 64% ($33,770)
Money Factor: .0001 (0.24%)
Lease Term: 24 Months
State Tax: 8.25%
Monthly Payment: $499 + $41 tax

aepheme

You're right, the deposit shoots the "true" cost up. I've been looking at a G35x and an FX35 for the same 24 months (12k miles). I'm not sure of the numbers for the M35, but to give a relative comparison:

G35x: 0.00156, 68.00%
FX35: 0.00026, 67.00%

Hope you find out what the floor is on the M35! Usually I don't think of dealerships messing with the residual, but you never know... The money factor is certainly good, though!

ghstudio

You have a choice in leasing...you will pay the same amount of money over the life of the lease...but you can pay some of it up front so your monthly payments are less and it feels like the lease is cheaper. Reality is that you pay the same amount over the life of the lease. There is no advantage to making a larger up front payment...so don't do it.

As far as getting them to raise the residual value...that is not something that is typically negotiable. Infiniti finance has their rates and residuals and they are non negotiable.

bmulberry

I need to make a decision between a couple of cars over the next week. And I need IFS money factors and residuals for the following:

M35x with Tech Pkg
15k miles year

39 mos

and

24 mos

Thank you to the experts in making this a great source of information.

dionisij

Guys,

my dealer told me that I can't benefit from multi-deposit, because IFS allows only previous customer to do that. Is it true? I'm in California.

Thanks
Dio

ghstudio

There are some states including NY that do not allow multiple security deposits....however, this is a new one. I have never heard of IFS limiting multiple security deposits to previous customers.

For example, I am leasing my first Infinity (M35) and I used Multiple Security Deposits to reduce the cost in Florida.

bmulberry

I'm looking at a similarly equipped car and that sounds pretty good, but I'm hoping someone here can provide the IFS money factors and residuals. Is that a July deal? Based on the numbers the dealer gave me, I would jump at a deal like that.

falcon47

I am in the market for a second lease for a M35 sport. I feel as though I am a novice when it comes to leasing. I will be getting my MF and RV numbers from my local dealer but I had questions about being a return customer to Infiniti leasing. I have seen threads talking about multiple security deposits - what is this about and how does this apply to the lease? Does this alter the amount of money for the down payment? How do I approach my salesperson about the multiple security deposit? Out of curiosity what is the going MF and RV for M35 sport, 36 month, 12000miles? Just want these numbers handy when I speak with my local dealer...

ghstudio

If you put $5000 down on your lease, it does nothing at all to reduce the total cost of the lease...you pay the same amount as if you made no down payment and just made the monthly payments. You do not get the $5000 back at the end of the lease. Add up all the payments you will make including the $5000....that's the total cost.

If you make no down payment but instead loan IFS the same $5000 as multiple security deposits (which you get back at the end of the lease), you reduce your Money Factor and therefore the total cost of the lease. Add up all the payments in this case and you will see that you pay less than making a large down payment.

How do you breach the subject of multiple security deposits with your salesman? Easy....you say that you don't want to pay any money up front...no money down when you pick up the car...just first month's payment plus registration fees. Then tell him that you want to make multiple security deposits to reduce the Money Factor. If your salesman doesn't recognize these words, ask to speak to the finance manager. If he doesn't understand the words, find a different dealer who understands Infiniti Financial Services leases. Each security deposit reduces the MF by .0001 which doesn't sound like much, but it reduces your cost. This is a standard option on Infiniti leases.

bmulberry

Anyone have the residual and money factor for the M35x tech package. 15k miles for 39 mos and 24 mos.

Thanks

enycelilc

has anyone had a problem returning a leased car that they had tinted from a third party other than the dealership? i'm picking up my new car today but the dealer is charging 350 for tint and don't want to pay that much but don't want to get charged either at the end of lease for putting tint on. im buying from competition in ny, any personal experiences with that particular dealership?

rogerthat_101

LOOKING TO LEASE AN m35 Sport with the advanced tech pak with siris and

Offered rate

Due at signing taxes, dmv fees and bank fee

montly payment on the car
$699 x 24
12k miles per yer
selling price on the car 47650.00
good deal or?
residual 64%

any other questions i should ask the dealer, please help. my state does not allow multiple security deposits.

rogerthat_101

depends if you're looking to purchase the car after the lease or if you're planning to return it. From The info I had gathered, you aren't supposed to customize the car through a local vendor. you're better off getting it done thru the dealer if the car is leased or get it done prior to sigining the lease.

btw what type of a car is it?

enycelilc

its an m35x. i spoke to the people at the dealership saying how i could get it done from a third party for much cheaper and they had no problems with me doing that. competition infiniti in NY is great, deal with Fritz. they are about 40 miles from me and we were able to work out our whole deal over the phone with me only visiting to have my trade inspected and to pick up the car. def worth the drive even if your from NJ or CT..

joegolfer1

Does anyone have the MF and residuals for M35X with tech package for 24 or 36 months with 12k per year?

CarMan@Edmunds

Hi pantomime. The two most important numbers to find out when leasing are the selling price of the vehicle that you are getting and the money factor that is being used to calculate its monthly payment. These are the two main profit centers for dealers on leases.

The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If you don't know what your car's selling price is, it is difficult to see how much of a discount you are being given on it.

The money factor is important because some dealers try to "mark-up" bank's buy rate lease money factors to add additional, hidden profit to deals. If you are able to find out what money factor is being used to calculate your lease payment, you can compare it to the buy rate to make sure that it is not being marked-up.

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CarMan@Edmunds

Greetings enycelilc. Since this will be your first time leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

I see that you are considering making a large down payment on your lease. You would be better off having the dealer cut you a check for the equity that you have in your LS than using the proceeds from it as a down payment, even though it means that your lease payment will be higher. I always advise consumers against making large down payments on leases. Those who do, risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.

You need to find out what the MSRP and selling price of the car that you are getting are. These numbers will show you how much of a discount you are being given on it and they will enable you to estimate what its monthly payment should be. If you let me know what these numbers are, I can give you my opinion of this deal.

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CarMan@Edmunds

Hello ohmark. You never mentioned the selling price or MSRP of the M35 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this what car's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

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CarMan@Edmunds

Hi bmulberry. Infiniti Financial Services' 24 month lease program for this car has the lowest month factor and the highest residual value, but the 39 month program will probably result in a lower monthly payment. IFS' current buy rate lease money factor and residual value for a 39 month lease of a 2007 Infiniti M35X with 15,000 miles per year are .00068 and 50%, respectively.

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CarMan@Edmunds

Here is the information that you're looking for, Rob. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti M35X with 15,000 miles per year are .00001 and 61%, respectively. The number for an otherwise identical 36 month lease are .00073 and 51%.

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CarMan@Edmunds

Hi enycelilc. Please see my previous couple of posts for the information that you're looking for. Let me know if you have any other questions.

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CarMan@Edmunds

Greetings falcon47. Infiniti Financial Services allows lessees to make additional security deposits on leases. For each additional deposit IFS will provide a reduction of .00010 in the money factor that is used to calculate your monthly payment, up to a maximum of nine additional deposits. Making extra security deposits is better than making a down payment because you actually get the money that you use for the deposits back at lease-end, assuming that you don't have any excess wear and tear or excess mileage charges.

Infiniti Financial Services, current buy rate lease money factor and residual value for a 36 month lease of a 2007 Infiniti M35 Sport with 12,000 miles per year are .00066 and 51%, respectively.

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CarMan@Edmunds

Hi bmulberry. I just posted this data a few messages ago. Please check there for the information that you need and let me know if you have any other questions. Thanks.

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CarMan@Edmunds

Hi rogerthat_101. You were smart to find out the selling price of the M35 that you are interested in leasing. The only other number that I would suggest finding out is the money factor that is being used to calculate your monthly payment. Infiniti Financial Services' current buy rate lease money factor for a 24 month lease of an '07 Infiniti M35 Sport is .00027. If you are a returning lessee or pay a security deposit at lease signing, you shouldn't have to pay any more than this. If the dealer tries to use a higher money factor, they are marking up your car's buy rate to add additional hidden profit on your deal.

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CarMan@Edmunds

Hi joegolfer1. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti M35X with 12,000 miles per year are .00001 and 62%, respectively. The numbers for an otherwise identical 36 month lease are .00073 and 52%.

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ghstudio

A lot of good advice in these last few posts....but I don't think anyone discussed how to compare leases. The natural inclination is to just compare monthly payments but that's wrong. The way to compare leases is to add up all of the costs for the life of the lease..that's your first payment, all of the monthly payments you will make and any termination fee.....and then divide that number by the number of months in the lease. This will give you the real total cost of leasing per month. Don't forget to add taxes.

If you make a large first payment as a down payment to reduce the monthly payments, it's still a cost of the lease...don't be fooled by low monthly payments. With multiple security deposits, you get the money back at the end so don't count the "loaned" amount in your total cost...or add it in as part of your first payment, but then subtract it at the end because you get it back.

bdrick

Does anyone know the August MF's and residuals yet for the M35X?

mrtrance

How about the MF and residuals for M45 for 24 and 36 months?

pwatts3

My Fx35 lease is about to end (given option of extending it month to month for up to 3 months and may opt for this)and have been contacting dealerships in South Florida about the M35 and G35. Had been given a decent deal last year on the FX with Touring and hands free (about $6,800 for 1 year lease or $472/month inc. tax plus $1,650 down, included first month and inceptions)but have been underwhelmed with the numbers for the M35 and G35 (high money factor for G doesn't help).
Will Infiniti's lease offers get any better or worse once the 2008 models come out? Either for 2008 or 2007 cars? On one end,with the higher demand, dealers will have less incentive to lower prices but residuals will be higher. Anyone have any insight into this? Thanks for your input.

bonjack

Is there a way out of our M45 lease? We've always had Jaguars and have had this car for 1,000 miles and are not happy with it at all.
It's only 2 years, do we have to wait that long for turn in? We gave $5,000 down...can we just tell them keep the down payment?

bajanjack

Not exactly the best way to "compare". The time factor of when payments are made is important as well. There is a "cost" to making multiple security deposits. While it's true you get the money back, in order to come up with the money, you are either borrowing it or reducing invested funds, both of which have a cost. The same pricipal applies to other payments made, including other upfront payments, termination fees etc....

ghstudio

yes there is a cost to making Multiple security deposits. Assuming you have the cash somewhere (brokerage account, CD, bank) you are probably earning around 5% on it. If you calculate out the savings of applying the same money to multiple security deposits, you effectively earn over 12% on that money. So yes, you lose the 5%, but you gain back 12%...to me that's a pretty darn good deal.

I would never suggest that anyone actually borrow money to make multiple security deposits. It's only for those who were going to make a large up front payment or have money in the bank that they want to invest at 12% with Infiniti. I wanted to loan them more security deposits, but they limit it to 9. I love 12% interest....

miker

question my lease on my fx35 is over next month and the dealer is willing to put me into a fully loaded M45 has everything with no money out of pocket 36 months 15k per at 659 per month an 07. Its the sport rear wheel drive. First how bad are these cars in the snow and this sounds like a good deal considering the sticker on these cars are 55,000 loaded. Also anything else in its class BMW audi are all in the high 700's per month with all kinds of money out of pocket...let me know if this is a good deal AND how is this rear wheel car in the snow I'm in NJ the winters are not horrible but ...... also any major changes on the 08's looks like they are trying to push the 45's out...

planoman

Hi Car_Man:

Thanks for your great service! Your help to the community is very much appreciated!!

Could you please let me know money factor and residual value for 39 month lease, 15,000 miles for a M35 base model in Texas. I had leased Infiniti twice before and has excellent credit.

lgolfhead

8/31/07 Closed deal on '07 M35 RWD Journey, Tech, painted splash guards.

39 month lease 15,000 miles
MSRP $46,595
Negotiated price $43,650
residual 51%
money factor .00089

They originally gave us 36 month lease 52% residual .0014 money factor.

They did not offer 39 month lease and .00089 money factor until much later in the negotiations when it looked like we were ready to walk.

They did not give us the price we wanted until we were out the door to our car.

CarMan@Edmunds

Hi bdrick. Here is the information that you're looking for. You never mentioned how long you want to lease for or how many miles per year you need to be able to drive, so 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' new September buy rate lease money factor and residual value for a 36 month lease of an '07 M35X with 15,000 miles per year are .00034 and 49%, respectively.

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CarMan@Edmunds

Hey mrtrance. Infiniti Financial Services' new September buy rate lease money factor and residual value for a 24 month lease of a 2007 Infiniti M45 with 15,000 miles per year are an amazingly low .00001 and 61%, respectively. The numbers for an otherwise identical 36 month lease of this car are .00047 and 51%.

Good luck in your quest for a new vehicle and let me know if you have any other questions,

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CarMan@Edmunds

Hi pwatts3. It is difficult to say whether Infiniti's lease program on the M35 will get any better once the 2008 model begins to arrive. Dealers will certainly be willing to provide good discounts on their leftover '07 M35s in order to make room for the new '08 model. The higher residual values that the '08 M35 almost certainly will have will help, but I doubt that Infiniti will provide as much money factor support on the '08, so chances are it will not be less expensive to lease.

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CarMan@Edmunds

Hi bonjack. I am sorry to hear that you don't like the Infiniti M45 that you leased. What don't you like about it? I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, will either have to make all of your remaining lease payments or purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You probably will have to learn to live with your M45 for the rest of your lease. At least you only leased it for two years.

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CarMan@Edmunds

Hi miker. You never mentioned the selling price or MSRP of the M45 that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this what car's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

I am not personally all that familiar with how this car drives in the snow, but you may be able to find a community member or two who is by visiting the following discussions: "Infiniti M35/M45 2006+" or "New M35/M45 Owners - Give Us Your Report!".

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CarMan@Edmunds

You're very welcome, planoman. Here's the information that you're looking for. Infiniti Financial Services' new September buy rate lease money factor and residual value for a 39 month lease of a base 2007 M35 with 15,000 miles per year are .00078 and 49%, respectively.

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deekmd

Planning on leasing M35 with journey, tech and adv tech. I have already negotiated the price (45200). I am considering leasing. Ideally, if I were to lease, I would give around $5k upfront as multiple security deposits to lower the MF by 0.0004 - 0.0005. Beyond the msd, I would like to only pay the 1st month and ttl+fees.

So,
(1) when do I bring up the MSD for the lease - up front, or after I have negotiated the cap cost reduction, etc.
(2) when do I bring up the "I aint puttin nothin down" other than 1st mo, ttl, fees?
(3) what is the current MF/RV for M35 15k mi/year for 39, 42, and 48month leases?

I am thinking about doing this deal tomorrow (9/7) or Sat (9/8), so any advice would be helpful.

Thanks.. This forum is unbelievably helpful.

CarMan@Edmunds

Congratulations on getting your new M35, lgolfhead. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on your recent dealer experience with others. Enjoy your new ride!

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CarMan@Edmunds

Hi deekmd. There's no need to hide the fact that you plan on making multiple security deposits on your lease, but I personally would not bring it up until after I had negotiated a selling price that I was comfortable with. Once you have arrived at a selling price, tell the dealer how you want them to calculate your monthly payment, including details like you want to make MSDs but pay no cap cost reduction.

Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2007 non-Sport M35 2WD with 15,000 miles per year are .00071 and 48%, respectively. The numbers for an otherwise identical 42 month lease are .00107 and 46%. The 48 month numbers are .00145 and 40%.

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