Infiniti M37 M56 Lease Questions

tsol

I realize that I'd be responsible for any difference, just wondered if the dealer was making some $ from Nissan in order to move another *new* car. If they were making money on that end as well, I'd be after more of a discount on the replacement car.

tsol

FWIW ... just rec'd this by e-mail from Coleman Infiniti in Bethesda, MD. They also state all '07s $2k under invoice.

dark_katana

Invoice on a base 2008 Infiniti M35x is $41,167. Let's see if they'll sell you the car for that.

kthomas52

Just leased a M35x 2008, list $49,125. Negotiated sales price to $46,700, no cap cost reduction, just first months payment and tags, 5.6% tax, $721/month ($683 w/o tax). I think you can do even better than that. I don't think this is a great deal--it's ok. I wanted the car, had limited time to negotiate, etc. I don't think these cars are selling well where I live--Milwaukee. Keep negotiating.

yankee06040

Thanks. I've got some time - two more month ends before my current lease is up. I have a kid getting married this year, so my wife wants me to get a Honda!

kthomas52

Hey, stick with the Infiniti! Going to a Honda is going backward...............

nyarlathotep

I want to get as much info on the M35x as I can. Is better to lease now (Jan: $3000 dealer incentive; 2.9 financing) or should I wait until the dog days of February? Any rates/residuals/etc. for January would be appreciated also. Thanx for the input everyone!

23davis

can you really tell a huge difference with the 14 speaker system?

tsol

I moved from the 10 speaker Bose in an '06 M35x to the 14 speaker Bose in an '07 M35x (they put two surround speakers in the top of the two front seats, hence 4 more) and I have to admit that overall it sounds "better." However, it is all relative as generally the Infiniti sound system in the M35 does not sound very good. Only thing worse among cars I've driven was the Bose system in my '00 Audi A6 4.2

YMMV ...

seanookie

Hello everyone.

I have an '06 M45 Sport leased through Infiniti Financial. My 21 month lease ends in June but I am at the limit of my miles. I figure it will cost me about $1.5k in mileage penalties if I keep driving at the same rate between now and then.

I got decent price on another vehicle (not a Infiniti) so I am considering a trade-in. According to the computer voice of Infiniti Financial, my payoff is $38.6k until 2/14. We just moved things around here at the house so I can't find my lease paperwork. As I negotiate the deal for the new car, I am using the payoff as my benchmark but I am concerned that there will be some early termination fee or similar. Is there such a thing? Is there anything I need to watch out for? Or am I making a bid deal out of nothing?

Thanks so much.

tsol

No worries, you'll only be responsible for the payoff amount, maybe $150 lease termination, but don't think even that.

My experience has been with trading an Infiniti on a new Infiniti and prior to end-of-lease like you ... YMMV, but it seemed just like trading any other car with a remaining balance on the loan.

CarMan@Edmunds

Hi nyarlathotep. Infiniti's current lease program for the 2007 M35x is scheduled to run through the end of the month. I highly doubt that its February program will be better than its current one. Infiniti Financial Services is currently charging the lowest possible money factor, .00001, for a 36 month lease of this car. The only way that its lease program would improve next month is if Infiniti were to introduce lease cash or raise its residual value and both are unlikely.

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CarMan@Edmunds

Hi 23davis. This particular discussion is for community members to discuss leasing the M35 and M45. You will have better luck getting feedback on the upgraded stereo system by visiting the "Infiniti M35/M45 Audio System" discussion or the main M35 / M45 discussion: "Infiniti M35/M45 2006+".

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design_ink

I've been looking at the 07 M35's that are remaining on the lot. The dealer has approx 15 remaining. The sales gal said that they are offering $5,000 off the MSRP to move the cars. The one I'm looking at is a base model with the journey package with a sticker around $43,500. With the discount that brings the car down around $38,500.

I'm hoping to lease one on a 24 or 36 month lease with around $4,000 down and under $400/mo. Is this a realistic expectation?

It will actually be my company leasing the car so credit shouldn't be any issue.

yankee06040

From an earlier post, you may remember i have a lease on a 2006 M35x that expires 3-4-08. That means i will be turning it in to lease another one within a few weeks. I got a call that the #'s quoted to me in January had gone down, and they said to come in and discuss. I got the following quote (after some negotiation):
$2000 down consisting of:
$243 cap cost reduction
doc fee - 299
sales tax @ 6% - 68
first pmt $678
acq. fee $595
Lic. fee $110

The MSRP was $49025
Gross cap cost $45876
cap cost reduct-$243
Adj cap cost - $45,632
Residual$24,518

This results in 39 base payments of $639.62 plus monthly sales tax of $38.38 for a total monthly payment of $678.

The lease would be for 18M miles annually for 39 months.

I then asked to see the invoice - it showed $44,168 plus & 715 dest fee for total of $44883.

So - my question: Is this okay , or should i be able to do better? Am i paying $1000 or $1700 (when you consider the destination fee) over invoice.

I don't think i can squeeze more out of them - should i be able to?
Thanks in advance for your help.

ghstudio

I'm not sure you can squeeze any more out of them...but 1) get rid of that capital cost reduction up front, even though it's small and 2) consider making up to 7 multiple security deposits which will bring your money factor down and probably reduce your monthly payments by $40 a month. remember, you get those extra security deposits back at the end of the lease....it's not a capital cost reduction.

yankee06040

I totally understand getting rid of the capital cost reduction. I don't understand the security deposit suggestion. Right now, they say there is no security deposit. How do the multiple security deposits affect the payments? How much should they be and who determines that? Will they likely agree to the suggestion?
How do you come up with $40?
Thanks for taking the time to "educate" and assist. I need all the help i can get.

dmx434343

Can someone please post February Residual and MF numbers on both the M35 and 45. Thanks

ghstudio

read back in this forum on multiple security deposits. Each "extra" security deposit is your monthly payment (without taxes) rounded up to the next $50. You can give up to 7 of these deposits. For each "extra" deposit, the MF is reduced by .0001. Since there is no change in the residual, each monthly payment at the lower MF is less...and my estimate is that when you ask the dealer to run this case, your monthly bill will be reduced by $30-40. Keep in mind that I don't know that Infinity still offers this option...but the did in 2006 when I leased my M35. As I said, remember, you get your security deposits back at the end of the lease...and you paid less every payment.

yankee06040

That makes sense - i'll give it a try. The salesman seems anxious for me to make a decision - but i think i'll wait till he calls me again and then i'll offer that up. Again, many thanks.

navyscpo

I just leased an Infinite M35 AWD with tech package for around $49100. Got a lease for $539 month with 4900 down (inc. 1st pmt, fees, license, cap cost reduc) for 24 months/12K miles. That seemed good to me after the Lexus dealer offered to lease me the $39K lexus ES350 for $500 a month with 3000 (cap cost) plus fees and a security deposit for 36/12K.

ghstudio

I don't know if you got a good deal or not...but instead of telling us what you did after you did it, you would have been much better off to have read the posts in this forum before you leased. For example...putting any money down up front is a terrible idea. You would have found a better way to use that same money with multiple security deposits that would have saved you money. Did you compare the lexus 36 month to the infiniti 36 month with the same terms?

I'm sorry, but it's frustrating. Many of us post in this forum to try to help. But it doesn't help much if you don't read it....

yankee06040

Thanks, ghstudio - you saved me $243 today. I got a call from the salesman today, who quoted me more than he did last time (in terms of monthly payment). Bottom line -he cut the payment by another $5/mo. Then i said he would have to get rid of the cap cost reduction of $243. He said my payment would go up - i said not if he just eliminated it - which he did. He said he'd get back to me on the security deposit. Again, thanks for your help.

awd2003

What are the February MF and residual values for 2008 M35x? Thanks

gryan

i know the residual on a 2 year lease for an m35 is 64% also the dealer told me they do not offer msd's at infinity financial.
I know that lexus financial still does offer the msd program and i am now considering a GS 350 instead of the m35

awd2003

Thanks for the info. I decided to lease a G35x. My dealer in Hartford, CT. took multiple security deposits to lower the MF. .0001 per deposit.

vicenza

I'm looking to get a 2008 M35 Sport / Tech. Does anyone know what's the m.f. and residual value is for a 36 month lease with 18k miles per year? :confuse:

yogibearsd

Hello all -

I need your help regarding my 2006 Infiniti M45 lease that is scheduled to end in April 2008. I have taken very good care of the car and it currently has 15000 miles on it.

What I like to know is:

1. Would it be possible to extend the lease by another 6/12 months? I love the car but I am not ready to purchase it yet.

2. Is it possible to negotiate on the purchase price with Infiniti? If so, how much of window do you think I will have on the $41,000 residual on the car.

3. If any of you have owned a M45 beyond 3-4 years, would you advise I purchase the car at the end of the lease?

Any help with any/all of the above would be much appreciated.

Thanks

:confuse:

newtonguy1

Infinity is allowing up to 9 security deposits, and the sales person told me that each deposit would reduce the implied interest rate on a lease by 0.1%. I'm trying to decide whether this makes financial sense, and I can't figure out how you concluded that you'd be earning an effective 12% interest rate on MSDs. I calculated that I'd save just over $1000 in interest for 9 deposits totaling about $5100, which was a three-year compound rate of just over 6%.

Can you please elaborate on how you determined the 12%?

ghstudio

The actual $/% you save probably depends on your specific lease. Each security deposit (your monthly payment calculated with no security deposits rounded up to the nearest $50) (up to 9) reduces your money factor by .0001. Run both cases...no deposits and the MSD case...total up all the costs for the life of the lease (don't forget to add back the multiple security deposits which you get back)...that's the $ amount you earned by loaning infiniti the multiple security money for the period of the lease.

The savings, by the way, are tax free....because it's money you are not paying out..vs leaving the money in the bank or CD and earning taxable interest. I don't know anywhere I can put money and get even 6% tax free interest over the next 24 to 36 months. So even 6% is great...but I think you'll find it's more than that.

spark763

My 2007 M35X lease is up in a few months, does Infinity ever give any deals to buy the car at the end of the lease or is the price in the lease contract the actual amount you have to pay?

Thanks for any help

random987

Does anyone have the February MF and residual numbers?

nyarlathotep

Here are the facts (Delaware dealership):
2008 M35x with Tech Pkg - MSRP: $49025
Sale price: $46000
Pending trade-in worth: $10000
Residual: 52%
Lease factor: .00140
Money down: (PA) Tags ($100?) and first payment of $653

Is this good, or should I be lower? :confuse:
Thanks to all in advance...looking to seal the deal by Saturday if possible!

—Jason

yankee06040

Look at my posts #1289 on. I ended up getting $5 off the monthly payment and they got rid of the $243 cap cost reduction. That was for $18M miles annually.

ct1211

Hi Carman, you helped me with my last infiniti M35X lease. I'm about up on the lease and looking at the M35X and the new EX. Can you give me the money factors and residuals on this vehicle. I'm looking at 24 and 36 months 15K miles per year.!! Thanks

Craig

CarMan@Edmunds

Hi yankee06040. The selling price that you were quoted on the M35 that you are interested in is right around $1,000 over dealer invoice. That's not bad. If you are in an area that has a decent level of competition and you shop around, you might be able to beat this by a few hundred dollars, but not by a ton. When you arrive at a selling price that you are comfortable with, make sure that the dealer uses Infiniti Financial Services' .00135 lease money factor to calculate your monthly payment.

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CarMan@Edmunds

Hello dmx434343. I would be happy to give you an idea of what these cars' current lease programs are like, however you never mentioned what term or mileage allowance you need. 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 2008 Infiniti M35 2WD with 15,000 miles per year are .00112 and 51%, respectively. The numbers for an otherwise identical lease of a 2008 M45 2WD are .00152 and 54%.

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CarMan@Edmunds

Hi awd2003. Infiniti's lease program for this car varies by term and mileage allowance. You never mentioned what either of these variables are, 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. Through the end of March, Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti M35x with 15,000 miles per year are .00122 and 53%, respectively.

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CarMan@Edmunds

Greetings vicenza. Through the end of March, Infiniti Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti M35 2WD with 15,000 miles per year are .00112 and 51%, respectively. 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

Welcome yogibearsd. Many banks allow their lessees to extend their leases for several months. I don't know what Infiniti Financial Services' policy is on this matter, but you should be able to find out by giving them a call. I am not sure if IFS negotiates the end of term selling prices of leased vehicles either. When you give them a call about the lease extension, see if they are willing to work with you on your car's purchase price. You don't have anything to lose by asking. If you don't have any luck negotiating with your initial contact, try to work your way up the ladder to a manager. Consumers often have better luck getting people at a higher level to negotiate with them.

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CarMan@Edmunds

Hi random987. I actually have already seen Infiniti's new March lease program. You never mentioned what model, term, or mileage allowance you are interested in, so for now I will provide you with the numbers for a 36 month lease of a 2008 M35 2WD with 15,000 miles per year. Let me know if you want something different. IFS' current buy rate lease money factor and residual value for a lease with those parameters are .00112 and 51%, respectively.

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CarMan@Edmunds

Welcome back, ct1211. I guess that you liked your M35 if you have decided to get another one. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 M35x with 15,000 miles per year are .00084 and 64%, respectively. The numbers for an otherwise identical 36 month lease are .00117 and 53%. Good luck in your quest for a new M and make sure to stop back and let us all know how everything turns out.

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random987

Oops. Actually I wanted the figures for both the M35 and M45 Sport. I am considering both models.

Thanks

ribbonking

Hello, Carman. Please provide the MF and Residuals for 24 and 36 month lease for the M35 2WD, 15k per year. Thanks.

bondguy1

Looking for a 2008 Infinity M35 or M45. Need 15K (maybe 18K/year). Looking to give dealer $1,000 check at start including first month, tax, tag and anything else they want to call it. Looking for the lowest lease price...maybe in low $600's/month. Any help appreciated. I live in the Ft. Lauderdale area. I don't mind traveling to get it (Naples, Jacksonville, etc or even in a nearby state).

ghstudio

I don't know the March rates, but make sure you price out an X as well as a rear wheel car. Depending on the money factor and residuals, an X might be cheaper. Also look at a 24 month and 36 month lease....occasionally they are cheaper than a 39 month lease....my 06 M35 is a 2 year lease because it was the cheapest per month of all the leases.

Also, consider the FX. Since there is a major change in 2009, I bet you could "steal" a 2008 on a lease. There are bound to be some hidden rebates and great lease rates to move out the 2008's.

Finally, whatever infiniti you lease, consider giving multiple security deposits to lower the money factor.....

nyarlathotep

Recently bought an 2008 Infiniti M35x. Porter Infiniti (Newark, DE)
Black/wheat. Tech pkg and Xenon lights. $50000 total MSRP. Here's the deal:
$636/mo.; 39 months; 15k
First month + tags down

Hope this helps! Lovin' the car!

bondguy1

I just started looking so I'm not too sure of the packages available. Is the M35x available with a sport package? And, is the car you got from Porter Infiniti an "Sport" model? Also, does yours have NAV?

nyarlathotep

Easier for you to just check out the M models at link title
But, in a nutshell, the M35x is the all wheel drive version, not sport.
Tech pkg includes Nav, Ipod hook-up/hard drive/flash drive, hands-free Bluetooth, heated/cooled seats, moonroof, etc.
If you want Auto-Lane Departure Warning and/or Intelligent Cruise Control you'd have to get additional pkgs.
Happy hunting!

bondguy1

Okay. Thanks. I got my answer. The M35X (no Sport Pkg available because 4WD) add a Technology pkg (is it worth it to go to adavanced Tech pkg for better Bose stereo? Without the X, the 2WD Advanced Tech pkg includes the lane departure feature if I read it right. Any thoughts on the advanced tech pkg?