M35 RWD with Tech package MSRP - $47375 (includes destination) Gross Cap - $43155 Cap cost additions - $595 Acquisition fee Cap cost reductions - none (no incentives for non-Infinity owner) Net Cap cost - $43750 Length - 39 months Down Payment - 0 Mileage - 12K (asked dealer if 10K makes difference, he said none) Residual - 48% MF - .00004 (.00064 reduced to .00004 with 6 MSD) Monthly payment - $541 First oil change - free Payment upfront: $8586 (tax $2681 + first monthly payment $541 + MSD $4800 + registration fees $265 + process fees $299)
Had some troubles at applying MSD. Apparently no one in dealership knew about it, and it is quite busy place in a very busy neighborhood. Finance manager called 3 times to IFS, first 2 he was told Infinity doesn't have it (???), third time the charm, finally the guy there admitted that we can do it. So we are officially the first ones at that dealership to use MSD! I wish we got a bonus
That's what I thought, logically it doesn't make sense to have same residual with different mileage. But I didn't push, $11 a month more is OK for 2K miles.
I'm not planning to buy this car after lease term anyway. 39 month lease ends in October 2011, and I will probably extend it by 2 more months so it ends in December. It's the best time to get new car as sales during Christmas are the slowest plus there are always some special deals around that time. This forum has been a great help! Thanks everyone! Happy to be part of the family!
Hi leon. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2008 M35 RWD with 10,000 miles per year are .00084 and 49%, respectively. The numbers for an otherwise identical 42 month lease are .00125 and 47%. Most dealers are allowed to mark-up banks' buy rates to bake additional hidden profit into deals. I am sure that you will be able to find an Infiniti dealer that will allow you to use this car's buy rates now that you know what they are.
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Here you go, Jeff. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 Infiniti M35X with 15,000 miles per year are .00024 and 59%, respectively. The numbers for an otherwise identical 36 month lease are .00099 and 50%.
Are there any changes to the programs for the month of August, or have the money factors and residuals remained the same? I was hoping the loyalty money may have increased from $2000 to $3000 or even more and I could get the .00006 MF that I had back on my '06 M!
I'm looking to do either a 24 or 36 month lease on the M35x for 12k miles.
Was it rolled into one. Does the monthly payement have the tax and fees rolled into it? which state did you obtain this deal. Did you specify your color? Nevertheless great deal.
This is the deal that I got
M35 Sport, Rear Entertainment, Advanced Tech, and Tech Packages
MSRP $53,900 Cap Cost $45,600 Residual $31,010 0 due at signing 24 months 15,000 miles/yr. 23 remaining pmts of $607,44 + tax
The color was White with Stone. I live in a 7% county so my monthly payment tax included is $649.96 I think.
I bought the car in Atlanta. Most competing offers were in the $690+ tax range ($735ish) with first pmt only down, and no rear entertainment system.
I had a very good offer from an out of town dealer in Birmingham on a silver M35 sport, adv. tech Tech and spoiler---$617 +tax, 1st payment down, but when the local dealer beat it by eliminating any money down, and reducing the payment slightly, and throwing in the rear entertainment system, I jumped. I liked silver better, but a deal is a deal...and it's only 24 months and 30,000 miles of dealing with a white car.
A couple of questions if anyone can help. First, is the Edmunds dealer invoice price accurate? Actually had a dealer tell me it was wrong and to "come in" so he could prove it to me that it was wrong. Second--There appear to be two major incentives right now. The Customer Loyalty incentive--I am looking to lease so in my case it would currently be $2000, and some sort of dealer incentive of $3000. If the dealer inovice is $48,000, does this mean that if the dealer sells it to me for his invoice--he is making $5000 on the car (combination of both incentives?) If so, shouldn't these cars be now selling substantially below invoice? I have been looking for an M35x with tech. MSRP $50,035 Invoice $45,841 According to Edmunds Best price from 3 different dealers is $46,700. Edmunds TMV is $44,700 Am I not understanding something--or just not getting good pricing from any of the dealers. Thanks for any help.
Hi, i'm new to the forum but having read over some of the earlier topics and posts, seems to be very helpful, so thank you in advance if you can shed any light on my situation.
I am considering buying a Certified 06 M45 Sport (with Tech, Journey, & Aero package) with about 25k miles for $33k and financed with the impressive 1.9% APR from IFS. That sound like a good deal?
Having read some of the current discussion, would i be better leasing an 08 model instead. I do about 15k a year, but could go over a little. Don't mind paying $200-$300 more for a new car versus the used option.
Will be trading in my '06 Audi A3 with 27k miles, which should give me 5k down on the new deal.
I know it sounds stupid, but how important is the comfort of the passenger seat? In reality, while there are a lot of changes in the car, the 06 had a very limited adjustment on the passenger seat and it was uncomfortable for almost everyone. Fixed in 2007. The 08 a/c is much stronger, but the 06 was not a problem. Bluetooth is better in the 08, but still not great. navigation has changed quite a bit...some pluses some minuses.
So it comes down to a financial decision...unless any of the above are important.
At this point, I would wait for the 09's and I would lease because the resale on these gas guzzlers is dropping like a rock.
I had an 06 M35 for 24mos and just leased the identical car but an 08 for 24 months.
If you decide to lease, please read all my posts on Multiple Security Deposits instead of putting any of that $5K down.
06 M 35's are running through the auctions at 24k; M 45s are running through the auctions right now at 27K. I would not spend 33k on one. Lease it.
I just leased an M35Sport with Adv. tech, Tech, and rear entertainment system for 0 down and 23 remaining pmts of $607 + tax.; 15000 miles/yr. MSRP was $53965
Considering they rolled my first pmt in, I figure my real cost is about $582+ tax for 24 mos. Don't buy one. Lease a depreciating asset.
When you factor in depreciation, leasing actually makes the least sense vs. buying. Don't get me wrong, I love leasing a new car every two to three years. But you're kidding yourself if you think leasing a depreciating asset makes more sense than buying. On a two year lease, you loose/depreciate about 35-40% of the value. If you bought it, you'd probably wouldn't depreciate another 35-40% for maybe 4 more years. So after 6 years of owning it, you're down maybe 80% but own the remaining 20% outright. Three, two year leases in a row and you're down 120% with nothing to show for it. The numbers are even more compelling when you buy used as the initial sharp depreciation is already paid for by someone else.
Hi djdez. Infiniti's August lease program is exactly the same as its July program was. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 Infiniti M35X with 12,000 miles per year are .00024 and 60%. The numbers for an otherwise identical 36 month lease are .00099 and 51%.
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Congratulations on getting your new M, ltcadviser. Thanks for taking the time to share the details of your deal with everyone. Make sure to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: .
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Hi sect214. The dealer invoice prices that are listed here at Edmunds.com are usually pretty accurate. Perhaps the dealer is including manufacturer charges, like advertising or something like that, in his version of "dealer invoice." As you mentioned, the $2,000 owner loyalty cash is available on M35s that are leased through Infiniti Financial Services right now. However, the $3,000 dealer cash that is available on this model is not compatible with the IFS lease program.
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Thanks for the feedback guys. I would tend to agree, that from a financial standpoint, buying a used one makes more sense, especially when the depreciation has already had the biggest impact on the underlying asset.
However, i guess the other guys do make a strong case for leasing. Anyone got any ideas on how much it would be to lease an M45 - most people seem to be talking about an M35?
Is there a way for me to search those auction prices, would help me with getting an idea on the trade in value on my A3. One dealership offered me 18k, then another only $13k - wtf? It's a 2006, A3, base model (6 speed manual, no leather etc) and has 27k miles on it. I felt like 18k was more reasonable.
I agree with you if you are buying the $25000 car (used) for $25,000. But when the dealer is selling it to you for $33,000, then it no longer makes sense to "buy" the car.
At the end of the day whether you buy the car or lease the car, you need to know what you are doing. The car that I leased has out of pocket costs including interest, not including sales tax, over 2 years of $13,960. The MSRP was $53,965. I could have bought it for $43000 before any financing or tax was factored in. In 2 years it's a $25,000 car wholesale. In 4 years its a $15,000 car. In 6 years, It's an $8,000 car. So I agree that if you do consecutive leases over six years, you will be behind than if you would have bought the car. But I am not buying a car as it enters the last year of a body style, as the current M is. By the time a 2008 M is owned, 2 new body styles will have come out, and I will be wanting something new by then. If I buy a car, I prefer to buy the vehicle in the first year of the body style, to keep current as long as possible.
I am happy with my lease because I want a new Q in 2 years if they are making them again.
But you are right, the best move financially is to buy a car...probably a Honda Civic...and drive it for 15 years.
I think you would be much happier, ltcadviser, if you aimed to buy a vehicle in it's SECOND year of the body style. The first year tends to shake out the real problems or annoyances which are fixed in the second year. E.G. the passenger seat on the M35, the BMW 5 series and on and on.
One of the keys in evaluating lease vs purchase is to honestly assess how long you realistically keep any car. Personally, I never keep a car more than 3 years and I actually want some of the "new features" after 2 years. Recently I've been leasing M35's for 2 years because it's been a better deal than leasing for 3 years...and I'm really glad I got rid of the 06 and that passenger seat which is fixed in my 08.
So I'm looking for a little advice here. My current 2006 M35x lease ends at the end of Oct. Been very happy with the car/features in it/value for the money; and for the first two years of my lease, I was sure that I was going to pick up another Inifiniti when this lease was done.
Beginning of this year I saw the new Jaguar and really wanted to have one. Went to a few dealerships and found that the lease rates on these are horrible (also I've been reading about a lot of issues with these cars that cause them to go back to the dealer for repair). Also went to check out the BMW 5 series, but I found the interior to be extremely boring and felt like I needed to go with a 7 series if I wanted something comparable with the Infiniti M (may not make sense, but that was my opinion). Checked out Audi, Lexus, and Mercedes also, but didn't really care for any of these (due to a variety of reasons including cost in some cases).
So now I'm back to Infiniti. I see from the various posts that only the M35 will get the additional horsepower and 7-speed transmission for 2009, and that car may only be out at the very end of the year. While I never really considered a cross-over/SUV, the new FX50 is starting to look a bit attractive to me. I know it might not make sense to compare an M45x to a FX50 since they are two different types of cars, but I'm wondering what the real difference is between these two. The FX50 seems to have all the same features as the M45x could have. The FX50 seems to have the 7 speed transmission already as well as the additional horsepower and yet still gets the same gas mileage as the M45x.
So that's my thinking right now. Any and all advice would be greatly appreciated.
I believe the FX is a slightly smaller car...this could matter if you are in something like real estate where you drive folks around. Other than that, it's a question of which you like more....and which has the better leasing deal when you want to buy.
I would guess you will be able to get quite a good deal on an FX50 in October...SUV's are not flying off the lots these days. The M50(?) will be a new car so the lease deals won't be as good in Oct.
Thanks Car_Man-- So would you agree with my analysis---if a dealer is doing me a "favor" leasing me the car at invoice--he is making at least the $2000 from the Owner Loyalty Program? Are there any other dealer holdbacks you are aware of that would generate cash to a dealer on a lease in addition to this?
Can you have a negative MF? For example MF = 0.00024 MF reduction per MSD = .0001 Purchase 9 MSDs = .0009 reduction Resulting MF = 0.00024 - 0.0009 => -0.00066
In other words IFS is literaly paying you interest on the money. :-)
So I went to Ray Catena Infiniti in Bridgewater, NJ to talk about pricing on a new M35x. After a lot of back and forth between me, the dealer, the manager and the GM, this is the best they could come up with:
MSRP: $50,835 (Tech and Xenon lights) Cap Cost: $46,519 Residual: 49% Miles: 15K per year Term: 39 months Money at time of signing (bank fees, DMV, first month, etc): $2110 Monthly Payment: $669.00 Current Lease: I have two payments left that they said they'd take care of
I didn't think that this was a good deal by any means but the manager said that this was really the best I was going to get from any dealer. I explained how I did a sign and drive for my current car (loaded M35x) and how I only pay $630 a month for it and they told me that Infiniti is looking to get more people to buy than to lease and that's why the lease deals are getting worse while the purchase/finance deals are getting better. Here are a few other tidbits of "information" given to me:
1) Edmunds TMV value is based off of people who purchase cars with cash in hand and isn't accurate for leasing. 2) Prices listed on blogs and forums are generally exaggerated as people often like to brag about some "special deal" they got. 3) August lease deals are much worse than July. 3) Next month's lease rates on the M35 will be higher. 4) When factoring in the owner loyalty rebate of $2K, that value isn't subtracted from the invoice price or MSRP as that would skew all the calcuations. 5) The FX35 is cheaper but the money factor is high and it is therefore more expensive than the M35x on a lease.
I think you're smart enough to know that you should walk from this dealer....only because the "info" you got is so wrong. One can only imagine what the service dept will tell you.
First...on your deal...the first payment should be the first month's payment plus registration fees plus any taxes that are due...nothing else. Dealer Administrative fees and origination fees should be added on to the negotiated capital cost and paid over the life of the lease. I don't understand why you are being asked to pay $2110 up front. YGiven the car market and other's experiences recently, you should be able to buy an M35x for the invoice price, and then subtract any loyalty dollars.
Let me respond to your list of "information"
1) There is absolutely no difference between cash buyers and lease buyers. To get the best lease, you negotiate the cash price as low as possible which gives you the capitalized cost.
2) While I suppose there is this possibility, I think most folks here are absolutely honest about what the deal is that they got. I have only seen one price in the past 2 years that looked like a false brag.
3) I believe August rates are identical to July rates
3) No one knows what next month's lease prices will be....this is a number that is known to only a very few in nissan finance and is one of the most closely guarded items, often set the day before it's announced.
4) This one is rediculous. The loyalty money is like a rebate and comes right off the negotiated price...it is not unusual to be leasing this car for close to $2000 under invoice. I leased my car two months ago for invoice minus $2000 loyalty cash as the capitalized cost. The $2000 does NOT come off the MSRP price which is used to calculate the residual...that stays constant. It is in addition to any discount you negotiate with the dealer which sets your capitalized cost.
5) Well one out of 5 is not so bad. This is likely the case...but the only way to know is to run the numbers. Money Factors and residuals can really effect the payments.
Much thanks ghstudio. After reading all the posts in this forum, it seemed odd that the dealership was giving me all this contradicting information and I greatly appreciate you taking the time out to address each piece of "information" that this dealer gave me.
This was the first dealer that I went to visit (as it was the closest one to me) and I certainly will be seeing some more dealers in the near future. As I still have a couple of months before my current lease runs out (and I have no issues whatsoever with my current car), I'll take my time and try to find the best deal that I can on a lease of a M35x or even an M45x.
In the meantime, I'll keep watching this board to see what deals others are able to get, as well as post any further information/pricing I receive from other dealers.
The second year is definitely better, I agree, if you are buying a car.
As an aside, personally, I don't understand what all the fuss is about with the M's original passenger seat. I always drive my car from the driver's seat so I can't figure out why it matters
This dealer is not doing you any favors. Try the last day of the month. Infiniti will also come out with aggressive lease dealss through the Labor Day weekend. I suggest you take your time and call multiple local dealers the last day of August. Ask for the new car sales manager. If the numbers are not attractive, shoot for the Labor Day incentives. Do not even talk to a salesman.
The numbers I was quoted on July 30th were markedly lower than anything I had seen in the prior 60 days, as I believe the dealers were trying to hit their tiered program retro money incentives.
The 06 passengers seat was a 4 way seat...it moved forward and back and it went up and down. The problem was that the angle of the seat was just wrong for everyone....and there was nothing you could do about it.
Like you, I usually drive from the drivers seat, however on a 10 hour drive, I would occasionally become an uncomfortable passenger. My 5' 0" wife was uncomfortable in the seat...angle wrong and so low she could hardly see out of the car...and I'm 5'10" and I couldn't wait to drive again because the seat was just wrong. I think the front of the seat was always too low for us no matter how you adjusted it....perhaps the only thing that moved was the back of the seat so if you wanted to be higher, you were tilted forward.
The 200707/08 seats are fully adjustable and a pleasure to sit in.
1. i'm looking at a certified 07 m35 (base) and wondering what IFS does on certified leases? i know honda does it, but haven't had experience with IFS on this. this one has about 20k miles on it and they are asking 31 i think.
2. my local dealer also has a few new 07 m35 sports sitting on their lot. what kind of deal should i expect on these? would they fall under the same 24mo .00024 and 60% resid as the 08s? they are stickered at around 48k still, but figuring the 08s are going for about 43k i'd image the price should be more like 38k at most.
I am looking to lease a 2008 Infiniti M45 today or tomorrow. I need to know the current residual rates for 24 and 36 months (12k miles/yr), along with money factor. In addition, these loyalty $2k and $3k rebates I have seen, are they being offered now? And even if I get this car at invoice??
I don't know the curent rates but I can help on the other questions.
1) If you are eligible for loyalty money, it is part of the deal but I would keep it separate in your negotiations so that you negotiate a deal and then you deduct $2000 at the end. You could actually buy the car at or close to $2000 under invoice. This is applicable to both lease and purchase.
2) Please don't make a down payment or capital cost reduction. First payment should be a) first month's payment b) registration fee c) any taxes required by law....everything else should be rolled into the lease. Please read here about Multiple Security Deposits which reduce your Money Factor (and you get the money back at the end of the lease).
Hey thanks for the info. I actually totalled my M45 a couple weeks ago and walked away, great safety features in that car. So I am eligible for customer loyalty promotions being an Infiniti owner. I am very savvy when I negotiate a lease. I work that cap cost down to close to invoice. This time, I will do the same then hit the sales guy with the $2000 additional money.
I looked at IS-350 Lexus (back seat too small) and Acura 2009 RL, not bad, but M45 is a little nicer and I shoudl be able to get at about same price.
If anyone knows anything more about residuals and money factors that Infiniti Finance is offering at this time fro 24, 30, 36 months,I would appreciate any hard facts you know. Thanks!,
Also, yes, I never pay any inception costs on a lease except the bare minimum - first month, tags, taxes etc.
Also, information for anyone out there. Infiniti Finance (who my lease was thru) provides gap insurance as a benefit on their leases (at least they did on mine and I believe they do on all leases). So I walked away free from this 36 month lease which I was 12 months into after totalling car. I am not sure if I was upside down or not, but I was covered.
you're very welcome, sect214. Dealer invoice minus any available cash incentives is generally as low as most dealers will go to sell vehicles. If dealers consistently dug into dealer holdback to make sales, they wouldn't be able to keep their doors open (though many dealers in my area actually have closed down recently).
If I was a returning Infiniti customer in an area that had a decent level of competition and I was in the market for a new M35 right now, I personally would shoot for a selling price of dealer invoice minus $1,500 or so. For additional feedback on M pricing, hop on over to the "Infiniti M35 / M45 Prices Paid and Buying Experience" discussion.
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Ha jtfiore, that would be pretty cool if Infiniti had to pay you interest to lease one of its vehicles . Unfortunately, most manufacturers that have MSD programs have a money factor floor that the additional deposits can not lower a vehicle's money factor past. I am not sure what the floor is for Infiniti Financial Services, but it certainly wouldn't let one lease with a factor of less than .00001.
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hey everyone im looking to lease a m35 sport in the near future...but i have 1 problem i live in jersey and all the dealers only stock the x model....how the hell do i find 1....ive never even seen 1 on the road let alone in a dealership!!!
Having lived in the NYC area for years, I guess I have to ask why you don't want the 4WD car? The performance of the M35 and the M35x are very very close and recently the x has had better lease terms than the non x.
I just drew up a 39 Month deal on an M35X technology and Xenon. The dealer is offering 2000.00 rebate/incentive. I asked for the 3,000.00 listed on the Edmunds Web site. They tell me that it is only 3K on purchase. Is this a misprint? I pasted it below:
Rebates $3000 Cash to Customer start: 07/08/2008 end: 09/02/2008 Get Dealer Pricing Restrictions $3000 Retail Loyalty Bonus Cash is only available to customers who currently own or lease an Infiniti vehicle. Offer is good towards the purchase or lease of eligible vehicles. Trade in is not required. See dealer for details. Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
What are you expecting? If you want to see a specific car and your dealer doesn't have it, then you have to find a dealer that does have one. Every dealer picks what cars they want to order for stock and most snow belt buyers want the x so that's what they order. So pick up your phone and start to call around...we're not going to do it for you....
Comments
MSRP: $48285
Selling price: $43500
Residual: 58%
MF: .00002
24 months 15k year
Just the dealer fee, bank fee, and first month paid.
$647 a month.
Also, is there a calculator somewhere where I can plug in the vaiiables and get a monthly payment?
Also what am I entitled to as I am a current M35X leasee and my lease is up end of August.
Thanks,
Jeff
M35 RWD with Tech package
MSRP - $47375 (includes destination)
Gross Cap - $43155
Cap cost additions - $595 Acquisition fee
Cap cost reductions - none (no incentives for non-Infinity owner)
Net Cap cost - $43750
Length - 39 months
Down Payment - 0
Mileage - 12K (asked dealer if 10K makes difference, he said none)
Residual - 48%
MF - .00004 (.00064 reduced to .00004 with 6 MSD)
Monthly payment - $541
First oil change - free
Payment upfront: $8586 (tax $2681 + first monthly payment $541 + MSD $4800 + registration fees $265 + process fees $299)
Had some troubles at applying MSD. Apparently no one in dealership knew about it, and it is quite busy place in a very busy neighborhood. Finance manager called 3 times to IFS, first 2 he was told Infinity doesn't have it (???), third time the charm, finally the guy there admitted that we can do it. So we are officially the first ones at that dealership to use MSD! I wish we got a bonus
Can I call it a good deal?
I wish I got something for each deal that people make with MSD's based on reading this forum.....
I'm not planning to buy this car after lease term anyway. 39 month lease ends in October 2011, and I will probably extend it by 2 more months so it ends in December.
It's the best time to get new car as sales during Christmas are the slowest plus there are always some special deals around that time.
This forum has been a great help! Thanks everyone! Happy to be part of the family!
The car includes: Rear Entertainment System, Advanced Technology Pkg., Technology Pkg., Sport Pkg.
The sticker is about $53,400.
24 months
15,000/yr.
zero down...zilch...nada...nothing...everything rolled in...including 1st pmt.!!
sign and drive....
$607.48+ tax
more details to follow regarding cap cost and adjusted cap cost.
don't you just love the end of the month.
Car_man
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You can use the Edmunds.com lease calculator or the formula that is outlined in the following article to calculate a monthly payment on the car that you want: Calculate Your Own Lease Payment.
As a current Infiniti owner (or in this case lessee) you are eligible for a $2,000 cash incentive on your new lease.
Car_man
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Are there any changes to the programs for the month of August, or have the money factors and residuals remained the same? I was hoping the loyalty money may have increased from $2000 to $3000 or even more and I could get the .00006 MF that I had back on my '06 M!
I'm looking to do either a 24 or 36 month lease on the M35x for 12k miles.
Thanks!
M35 Sport, Rear Entertainment, Advanced Tech, and Tech Packages
MSRP $53,900
Cap Cost $45,600
Residual $31,010
0 due at signing
24 months
15,000 miles/yr.
23 remaining pmts of $607,44 + tax
Nevertheless great deal.
This is the deal that I got
M35 Sport, Rear Entertainment, Advanced Tech, and Tech Packages
MSRP $53,900
Cap Cost $45,600
Residual $31,010
0 due at signing
24 months
15,000 miles/yr.
23 remaining pmts of $607,44 + tax
I bought the car in Atlanta. Most competing offers were in the $690+ tax range ($735ish) with first pmt only down, and no rear entertainment system.
I had a very good offer from an out of town dealer in Birmingham on a silver M35 sport, adv. tech Tech and spoiler---$617 +tax, 1st payment down, but when the local dealer beat it by eliminating any money down, and reducing the payment slightly, and throwing in the rear entertainment system, I jumped. I liked silver better, but a deal is a deal...and it's only 24 months and 30,000 miles of dealing with a white car.
Second--There appear to be two major incentives right now. The Customer Loyalty incentive--I am looking to lease so in my case it would currently be $2000, and some sort of dealer incentive of $3000. If the dealer inovice is $48,000, does this mean that if the dealer sells it to me for his invoice--he is making $5000 on the car (combination of both incentives?) If so, shouldn't these cars be now selling substantially below invoice?
I have been looking for an M35x with tech.
MSRP $50,035
Invoice $45,841 According to Edmunds
Best price from 3 different dealers is $46,700.
Edmunds TMV is $44,700
Am I not understanding something--or just not getting good pricing from any of the dealers. Thanks for any help.
I am considering buying a Certified 06 M45 Sport (with Tech, Journey, & Aero package) with about 25k miles for $33k and financed with the impressive 1.9% APR from IFS. That sound like a good deal?
Having read some of the current discussion, would i be better leasing an 08 model instead. I do about 15k a year, but could go over a little. Don't mind paying $200-$300 more for a new car versus the used option.
Will be trading in my '06 Audi A3 with 27k miles, which should give me 5k down on the new deal.
Thoughts?
So it comes down to a financial decision...unless any of the above are important.
At this point, I would wait for the 09's and I would lease because the resale on these gas guzzlers is dropping like a rock.
I had an 06 M35 for 24mos and just leased the identical car but an 08 for 24 months.
If you decide to lease, please read all my posts on Multiple Security Deposits instead of putting any of that $5K down.
My wife hated it, and on long trips I had to sit in it also and it was bad.
Plus, if you use an ipod, you can't help but love the interface on the 2009 M45.
I just leased an M35Sport with Adv. tech, Tech, and rear entertainment system for 0 down and 23 remaining pmts of $607 + tax.; 15000 miles/yr. MSRP was $53965
Considering they rolled my first pmt in, I figure my real cost is about $582+ tax for 24 mos.
Don't buy one. Lease a depreciating asset.
Car_man
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Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
However, i guess the other guys do make a strong case for leasing. Anyone got any ideas on how much it would be to lease an M45 - most people seem to be talking about an M35?
Is there a way for me to search those auction prices, would help me with getting an idea on the trade in value on my A3. One dealership offered me 18k, then another only $13k - wtf? It's a 2006, A3, base model (6 speed manual, no leather etc) and has 27k miles on it. I felt like 18k was more reasonable.
Thanks
At the end of the day whether you buy the car or lease the car, you need to know what you are doing. The car that I leased has out of pocket costs including interest, not including sales tax, over 2 years of $13,960. The MSRP was $53,965. I could have bought it for $43000 before any financing or tax was factored in. In 2 years it's a $25,000 car wholesale. In 4 years its a $15,000 car. In 6 years, It's an $8,000 car. So I agree that if you do consecutive leases over six years, you will be behind than if you would have bought the car. But I am not buying a car as it enters the last year of a body style, as the current M is. By the time a 2008 M is owned, 2 new body styles will have come out, and I will be wanting something new by then. If I buy a car, I prefer to buy the vehicle in the first year of the body style, to keep current as long as possible.
I am happy with my lease because I want a new Q in 2 years if they are making them again.
But you are right, the best move financially is to buy a car...probably a Honda Civic...and drive it for 15 years.
One of the keys in evaluating lease vs purchase is to honestly assess how long you realistically keep any car. Personally, I never keep a car more than 3 years and I actually want some of the "new features" after 2 years. Recently I've been leasing M35's for 2 years because it's been a better deal than leasing for 3 years...and I'm really glad I got rid of the 06 and that passenger seat which is fixed in my 08.
Beginning of this year I saw the new Jaguar and really wanted to have one. Went to a few dealerships and found that the lease rates on these are horrible (also I've been reading about a lot of issues with these cars that cause them to go back to the dealer for repair). Also went to check out the BMW 5 series, but I found the interior to be extremely boring and felt like I needed to go with a 7 series if I wanted something comparable with the Infiniti M (may not make sense, but that was my opinion). Checked out Audi, Lexus, and Mercedes also, but didn't really care for any of these (due to a variety of reasons including cost in some cases).
So now I'm back to Infiniti. I see from the various posts that only the M35 will get the additional horsepower and 7-speed transmission for 2009, and that car may only be out at the very end of the year. While I never really considered a cross-over/SUV, the new FX50 is starting to look a bit attractive to me. I know it might not make sense to compare an M45x to a FX50 since they are two different types of cars, but I'm wondering what the real difference is between these two. The FX50 seems to have all the same features as the M45x could have. The FX50 seems to have the 7 speed transmission already as well as the additional horsepower and yet still gets the same gas mileage as the M45x.
So that's my thinking right now. Any and all advice would be greatly appreciated.
I would guess you will be able to get quite a good deal on an FX50 in October...SUV's are not flying off the lots these days. The M50(?) will be a new car so the lease deals won't be as good in Oct.
So would you agree with my analysis---if a dealer is doing me a "favor" leasing me the car at invoice--he is making at least the $2000 from the Owner Loyalty Program? Are there any other dealer holdbacks you are aware of that would generate cash to a dealer on a lease in addition to this?
Can you have a negative MF? For example MF = 0.00024
MF reduction per MSD = .0001
Purchase 9 MSDs = .0009 reduction
Resulting MF = 0.00024 - 0.0009 => -0.00066
In other words IFS is literaly paying you interest on the money. :-)
MSRP: $50,835 (Tech and Xenon lights)
Cap Cost: $46,519
Residual: 49%
Miles: 15K per year
Term: 39 months
Money at time of signing (bank fees, DMV, first month, etc): $2110
Monthly Payment: $669.00
Current Lease: I have two payments left that they said they'd take care of
I didn't think that this was a good deal by any means but the manager said that this was really the best I was going to get from any dealer. I explained how I did a sign and drive for my current car (loaded M35x) and how I only pay $630 a month for it and they told me that Infiniti is looking to get more people to buy than to lease and that's why the lease deals are getting worse while the purchase/finance deals are getting better. Here are a few other tidbits of "information" given to me:
1) Edmunds TMV value is based off of people who purchase cars with cash in hand and isn't accurate for leasing.
2) Prices listed on blogs and forums are generally exaggerated as people often like to brag about some "special deal" they got.
3) August lease deals are much worse than July.
3) Next month's lease rates on the M35 will be higher.
4) When factoring in the owner loyalty rebate of $2K, that value isn't subtracted from the invoice price or MSRP as that would skew all the calcuations.
5) The FX35 is cheaper but the money factor is high and it is therefore more expensive than the M35x on a lease.
Thanks,
- Reji
First...on your deal...the first payment should be the first month's payment plus registration fees plus any taxes that are due...nothing else. Dealer Administrative fees and origination fees should be added on to the negotiated capital cost and paid over the life of the lease. I don't understand why you are being asked to pay $2110 up front. YGiven the car market and other's experiences recently, you should be able to buy an M35x for the invoice price, and then subtract any loyalty dollars.
Let me respond to your list of "information"
1) There is absolutely no difference between cash buyers and lease buyers. To get the best lease, you negotiate the cash price as low as possible which gives you the capitalized cost.
2) While I suppose there is this possibility, I think most folks here are absolutely honest about what the deal is that they got. I have only seen one price in the past 2 years that looked like a false brag.
3) I believe August rates are identical to July rates
3) No one knows what next month's lease prices will be....this is a number that is known to only a very few in nissan finance and is one of the most closely guarded items, often set the day before it's announced.
4) This one is rediculous. The loyalty money is like a rebate and comes right off the negotiated price...it is not unusual to be leasing this car for close to $2000 under invoice. I leased my car two months ago for invoice minus $2000 loyalty cash as the capitalized cost. The $2000 does NOT come off the MSRP price which is used to calculate the residual...that stays constant. It is in addition to any discount you negotiate with the dealer which sets your capitalized cost.
5) Well one out of 5 is not so bad. This is likely the case...but the only way to know is to run the numbers. Money Factors and residuals can really effect the payments.
This was the first dealer that I went to visit (as it was the closest one to me) and I certainly will be seeing some more dealers in the near future. As I still have a couple of months before my current lease runs out (and I have no issues whatsoever with my current car), I'll take my time and try to find the best deal that I can on a lease of a M35x or even an M45x.
In the meantime, I'll keep watching this board to see what deals others are able to get, as well as post any further information/pricing I receive from other dealers.
As an aside, personally, I don't understand what all the fuss is about with the M's original passenger seat. I always drive my car from the driver's seat so I can't figure out why it matters
Seriously though, what was the problem?
The numbers I was quoted on July 30th were markedly lower than anything I had seen in the prior 60 days, as I believe the dealers were trying to hit their tiered program retro money incentives.
Like you, I usually drive from the drivers seat, however on a 10 hour drive, I would occasionally become an uncomfortable passenger. My 5' 0" wife was uncomfortable in the seat...angle wrong and so low she could hardly see out of the car...and I'm 5'10" and I couldn't wait to drive again because the seat was just wrong. I think the front of the seat was always too low for us no matter how you adjusted it....perhaps the only thing that moved was the back of the seat so if you wanted to be higher, you were tilted forward.
The 200707/08 seats are fully adjustable and a pleasure to sit in.
a couple questions...
1. i'm looking at a certified 07 m35 (base) and wondering what IFS does on certified leases? i know honda does it, but haven't had experience with IFS on this. this one has about 20k miles on it and they are asking 31 i think.
2. my local dealer also has a few new 07 m35 sports sitting on their lot. what kind of deal should i expect on these? would they fall under the same 24mo .00024 and 60% resid as the 08s? they are stickered at around 48k still, but figuring the 08s are going for about 43k i'd image the price should be more like 38k at most.
Thanks!
1) If you are eligible for loyalty money, it is part of the deal but I would keep it separate in your negotiations so that you negotiate a deal and then you deduct $2000 at the end. You could actually buy the car at or close to $2000 under invoice. This is applicable to both lease and purchase.
2) Please don't make a down payment or capital cost reduction. First payment should be a) first month's payment b) registration fee c) any taxes required by law....everything else should be rolled into the lease. Please read here about Multiple Security Deposits which reduce your Money Factor (and you get the money back at the end of the lease).
I looked at IS-350 Lexus (back seat too small) and Acura 2009 RL, not bad, but M45 is a little nicer and I shoudl be able to get at about same price.
If anyone knows anything more about residuals and money factors that Infiniti Finance is offering at this time fro 24, 30, 36 months,I would appreciate any hard facts you know. Thanks!,
Also, information for anyone out there. Infiniti Finance (who my lease was thru) provides gap insurance as a benefit on their leases (at least they did on mine and I believe they do on all leases). So I walked away free from this 36 month lease which I was 12 months into after totalling car. I am not sure if I was upside down or not, but I was covered.
If I was a returning Infiniti customer in an area that had a decent level of competition and I was in the market for a new M35 right now, I personally would shoot for a selling price of dealer invoice minus $1,500 or so. For additional feedback on M pricing, hop on over to the "Infiniti M35 / M45 Prices Paid and Buying Experience" discussion.
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Prices Paid: Buying & Leasing Experiences Forum
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Prices Paid: Buying & Leasing Experiences Forum
Rebates $3000 Cash to Customer start: 07/08/2008 end: 09/02/2008 Get Dealer Pricing
Restrictions $3000 Retail Loyalty Bonus Cash is only available to customers who currently own or lease an Infiniti vehicle. Offer is good towards the purchase or lease of eligible vehicles. Trade in is not required. See dealer for details.
Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
Thanks!