assuming you have good credit, the money factor is WAY off.....as I said, it's .00002. Either fInd a dealer who will give you the infinti money factor.....or call the dealer and ask to speak to the general manager and ask him if he is serious about leasing a car...and if he will use infiniti's rates without marking them up by some rediculous amount.
Can't find a dealer who will use the ifs money factor in the n.y. area. One deal is: selling price 47,800 for tech xenon and mats. Still trying to get down below $675 per month - no cash deal and $1000.00 paid to me in a check to buy out my lease early. Any advice would be appreciated! Thank you. 15K miles per year 39 mo.
I have great credit. I spoke with the finance manager and he tells me I am using figures for the M-45 and not the M-35. He even faxed me over the financial services sheet stating that I have the wrong figures. I do have to correct my last post though. I forgot a zero in front of the money factor. It should be .00038 but the residual is still 48%. The lease price for the car is $45,342. I am assuming that is pretty good...I hope!! If I put the $4,500 down, that includes everything and will have no other costs for the first month. The monthly payments (for 39 months) will be $515.85. I am still trying to decide on the down payment but my thought is to not put anything down like you recommended. So the decision has to be made by tomorrow....your thoughts???
Pay only the first month's payment, registration fees and any taxes required by law....put the rest in the bank. If you are in a state that allows multiple security deposits, give them 3 security deposits and lower the rate to .00008 (asssuming your numbers are correct).
Feel like I can do much better on payment. Dlr offering $8000 off MSRP. Also considering G35 as an alternative; feel I may be able to get a better deal on M. Opinions/advice welcome. :shades:
Infiniti is currently offering .9% financing on 2008 M35 for 60 months and 72 months plus $1500 cash to people who finance it through Infiniti Financial. If you purchase it at invoice and use the $1500 cash for 60 months, your payment would be around $805, if your tax rate is around 9%. If you purchase it at invoice and use the $1500 cash for 72 months your payment will be around $675, if your tax rate is around 9%. Unless you have to lease for business purpose, I'd go with either payment. Also, that monthly lease payment seem kind of high, but it is the end of the year and the rates are generally bad for 2008 models towards the end of the year.
Bear in mind there is a $6,000 manufacturer to dealer incentive on the M35 at the moment. I'm not 100% certain that it is available on leases but don't be afraid to ask about it.
Hi Stu. My favorite lease payment calculator is myself. I use Excel and the formula that is outlined in the following article to calculate payments manually: Calculate Your Own Lease Payment.
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Here you go dwongswong. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will assume that you're 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 for a 36 month lease of a 2008 Infiniti M35 2WD with 15,000 miles per year are .00023 and 47%, respectively. Infiniti has not published a lease program for the 2009 M35 yet.
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I spoke with the dealership - 2008 awd M35 with advanced tech package (loaded) - sale price $47,325, - 39 mnth lease w/18k miles - .0025308 money factor (not sure how accurate) and 48% residual, - $697/month
Just pulled the trigger on this lease: 08 Base M35, tech pkg, trunk mat,splash guards MSRP $48,285 sale price $41,700.43 adjusted sale price $42,794.43 (ACQ fee $595 and doc fee $400 into lease) residual 47% (22,693.95) MF 0.00023 $576/month for 39 months out the door $619 (first month + $40 registration
Hi sunshine26. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2008 Infiniti M45 Sedan 2WD with 15,000 miles per year are .00037 and 46%, respectively.
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Congratulations on your new M, me21379. Thanks for taking the time to share the details of your lease with everyone. If you'd like, you can share your thoughts on your recent dealer experience with others as well by hopping on over to the Dealer Ratings & Reviews section of Edmunds.com. Enjoy your new ride :shades: !
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Thanks to this forum, I know the money factors and residuals for various lease terms. The problem I'm having is with the actual sell price. I am trying to lease an M35X with Tech and Xenon lights with an MSRP of $50,885. According to both Edmunds and Cars Direct, the invoice is $46,530. The TMV prices listed are between $41,000 and $42,700. Are these realistic? The best I have received from 3 dealers is invoice. Is it possible to get $3-4K under as Edmunds and Cars Direct indicate for a lease since some of the Infiniti rebates don't apply to leases? Has anyone approached these pricing levels?
So how low can I expect for a lease sell price? I've seen a few posters at $1000 under invoice and a couple more at $1600-$2500 under but don't know if that includes any loyalty rebates.
Here you go, bp714. 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 .00270 and 48%, respectively. The numbers for and otherwise identical 36 month lease are .00020 and 46%.
As you can tell, you definitely do not want to go with a 2 year lease. For some reason, Infiniti has decided to pull the plug on its lease support for that term. I suspect that it is hoping that the recession will be over 3 years from now and that vehicles' resale values will be stronger then.
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Someone was asking about the TMV pricing. From the research and price I'm currently negotiating it looks like you can get below the TMV. Not many 2008's left it seems and they want them all gone as the 2009 models are hitting the lot. They won't be around much longer so now is a great time to purchase vs lease.
I'm seeing advertised 10,000 to 12,500 off msrp, and that's the advertised rate. We are currently negotiating around the $37,000.00 including TTL on a tech package. Have finance rate of 4.49 from my credit union. So with some coin down and 60 months should be able to do right at $600.00 per month.
Hi cael. 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 .00001 (the lowest possible) and 45%. When negotiating your lease on this car, make sure to take advantage of the $1,500 bonus cash that is available on it. This cash should enable you to negotiate a capitalized cost that's below dealer invoice.
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Here you go, twodomes. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 M35 2WD with 10,000 miles per year are .00001 and 47%, respectively. When negotiating your lease on this car, make sure to take advantage of the $1,500 bonus cash incentive that is available on it. This cash should enable you to negotiate a capitalized cost that's below dealer invoice.
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Thanks Car_man. Looking at Edmunds TMV for the M35 with tech and sport packages it shows a TMV of $45,233. I am going to try and get them to lease it at that price minus the $1500, so around $43,733. Invoice is $45,467.
New to leases. Checking to lease M45X tech, for 39m, 10K. on business. reside in PA Had an offer for Premium pack, 2K down, 639/m including tax. Was told "a car show" vehicle, brand new otherwise. All other offers were at least $50 more/month even for cheaper advance tech or base teck. What should I watch for here? Is this a decent offer or I can do better? Reading some posts people not advising lease 08 at this time, rather purchase. What are the cons/pros. I can buy on business too. Any advise be helpful. Thanks
Have been waiting for a deal on one of these. Just got a base M35x Msrp 46075...splash guards and trunk mat... $1300 TOTAL out of pocket... 39 mos... 12k miles $ 517 including NJ tax @ 7 %. dealer also made last 3 pmts on 05 FX35 lease @ 500 per mo X 3 = 1500. We had 2000 loyalty plus dealer gave up 1500 "sell down" cash All in all we thought it was a good deal @ 650 under invoice plus all incentives and MF .00001 I only drove it once... wifey seems to like it so far
Hello All, I was wondering if any one had the details to the December cash/finance/lease programs? I understand that the December programs were announced on 12/2.
Well, I am eyeing an 2008 M45 with the following line items: Base - 50250 Tech/Nav Pkg - 3350 Sport Pkg - 1650 Trunk Mat - 105 Destination - 815 TOTAL - 56170
M45 MSRP > 56170 Invoice > 51364 C/I > -8500 (1500 as selldown, 7000 core cash for cash purchase) TOTAL > 42864
Now I am wondering... do I use my own cash or OPM. The cash price of 42864 would not be on the table if I were to finance or lease with IFS. Do I go to an outside bank to either lease or purchase. I really like the cash discount but I don't want to put all of my money into the car - especially since it's a depreciating asset but at what rate I am not certain.
I would also be interested on opinions on the Infiniti recently announced lease deals for the M 35 & 45. the Edmunds site has the following listed concerning the M35. I am not sure what the $6,000 Retail Dealer cash is. Anyway here is the lease offer:
$489 Monthly Payment 39 Month Term $3500 Down Payment NA Security Deposit 10000 Annual Mileage
Restrictions Lease is based on 2008 M35 Sedan with Technology Package (model 98118). $2000 Lease Loyalty cash available. Cannot be combined with $6000 Retail Dealer Cash. See dealer for complete details.
Comments $3989 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
The M45 lease offer is as follows. Again I am not sure what the $7,000 represents:
$599 Monthly Payment 39 Month Term $3440 Down Payment NA Security Deposit 10000 Annual Mileage
Restrictions Lease is based on 2008 M45 RWD Sedan with Technology Package (model 98318). $2000 Lease Owner Loyalty cash available. Cannot be combined with $7000 Retail Dealer Cash. Must finance through Infiniti Financial Services. See dealer for complete details.
Comments $4039 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
Any insight on these offers as well as an explanation of the Retail Dealer Cash is would be very much appreciated. Thanks.
Ray Catena Edison NJ . They were great to deal with. The only way to go is the lease. All new cars depreciate like CRAZY. I have been in the auto business for 28 years and would NEVER buy a new car. In NJ, stock is getting low on these cars because of the lease deal that is so good. Leave my $$ in the bank, and just drive it for 3 years and move on. They are still way out of whack on what these cars are worth at the end. Why do you think they negotiate the buyout $6000 or more? Who cares what the buyout is in 3 years...the higher the better. Lease it, drive it, and turn in it. Just oil changes and tire rotations and a new car in the next 3 years... Sign me up!!
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I do have to correct my last post though. I forgot a zero in front of the money factor. It should be .00038 but the residual is still 48%. The lease price for the car is $45,342. I am assuming that is pretty good...I hope!! If I put the $4,500 down, that includes everything and will have no other costs for the first month. The monthly payments (for 39 months) will be $515.85. I am still trying to decide on the down payment but my thought is to not put anything down like you recommended. So the decision has to be made by tomorrow....your thoughts???
Can you tell me what October's lease rates are for 2008 and 2009 M35 RWD? Thanks for your help.
36 mos/12Kmi/yr
776.80/month
$831 due@signing
List:$47,675
Residual:$22,884
Feel like I can do much better on payment. Dlr offering $8000 off MSRP.
Also considering G35 as an alternative; feel I may be able to get a better deal on M. Opinions/advice welcome. :shades:
Carman/ghstudio - do you have the MF for October?? any changes?
Infiniti is currently offering .9% financing on 2008 M35 for 60 months and 72 months plus $1500 cash to people who finance it through Infiniti Financial. If you purchase it at invoice and use the $1500 cash for 60 months, your payment would be around $805, if your tax rate is around 9%. If you purchase it at invoice and use the $1500 cash for 72 months your payment will be around $675, if your tax rate is around 9%. Unless you have to lease for business purpose, I'd go with either payment. Also, that monthly lease payment seem kind of high, but it is the end of the year and the rates are generally bad for 2008 models towards the end of the year.
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- sale price $47,325,
- 39 mnth lease w/18k miles
- .0025308 money factor (not sure how accurate) and 48% residual,
- $697/month
08 Base M35, tech pkg, trunk mat,splash guards
MSRP $48,285
sale price $41,700.43
adjusted sale price $42,794.43 (ACQ fee $595 and doc fee $400 into lease)
residual 47% (22,693.95)
MF 0.00023
$576/month for 39 months
out the door $619 (first month + $40 registration
looked good to me!
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Would appreciate the numbers for the above for 24 and 36 months.
Thanks in advance!
bp
Might make sense to buy since I'm in Chicago and we pay tax twice on leases....
Thanks again....
bp
Thanks for any responses.
Thanks for your help.
Thanks for your help.
Offered intitially 1600 down and 778 month on 15k and 39mo lease at dealership Englewood, NJ. MSRP 61K(tech and adv teck pkg)
I have problems with the amount down.... any advice? I figure I should only be paying the first month on the new lease. The tags can be transferred?
Thanks.
As you can tell, you definitely do not want to go with a 2 year lease. For some reason, Infiniti has decided to pull the plug on its lease support for that term. I suspect that it is hoping that the recession will be over 3 years from now and that vehicles' resale values will be stronger then.
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I'm seeing advertised 10,000 to 12,500 off msrp, and that's the advertised rate. We are currently negotiating around the $37,000.00 including TTL on a tech package. Have finance rate of 4.49 from my credit union. So with some coin down and 60 months should be able to do right at $600.00 per month.
Looking for the MF and residuals for 10kmiles/year for 36 months on the 2008 M35 RWD. Thanks!
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Thanks in advance.
IFS money factor and residual value for a 36 month 2008 M35 2WD with 15,000 miles per year are .00001 (the lowest possible) and 45%.
I'm not exactly sure of the MF for 39 months but I believe the residual is 44% (that's what a dealer told me yesterday).
MSRP $53,520
Sale Price $48,827
Fees $350 + $595
Tax Rate .065
Residual $24,084 (45%)
Money Factor .00024
Cap Reduction $2595
Payment $639.55
Miles 15,000/year
639/mo seems about right. Sale price is at invoice.
Opinions appreciated.
Had an offer for Premium pack, 2K down, 639/m including tax. Was told "a car show" vehicle, brand new otherwise. All other offers were at least $50 more/month even for cheaper advance tech or base teck.
What should I watch for here? Is this a decent offer or I can do better?
Reading some posts people not advising lease 08 at this time, rather purchase. What are the cons/pros. I can buy on business too. Any advise be helpful.
Thanks
All in all we thought it was a good deal @ 650 under invoice plus all incentives and MF .00001
I only drove it once... wifey seems to like it so far
I was wondering if any one had the details to the December cash/finance/lease programs? I understand that the December programs were announced on 12/2.
Well, I am eyeing an 2008 M45 with the following line items:
Base - 50250
Tech/Nav Pkg - 3350
Sport Pkg - 1650
Trunk Mat - 105
Destination - 815
TOTAL - 56170
M45
MSRP > 56170
Invoice > 51364
C/I > -8500 (1500 as selldown, 7000 core cash for cash purchase)
TOTAL > 42864
Now I am wondering... do I use my own cash or OPM. The cash price of 42864 would not be on the table if I were to finance or lease with IFS. Do I go to an outside bank to either lease or purchase. I really like the cash discount but I don't want to put all of my money into the car - especially since it's a depreciating asset but at what rate I am not certain.
Any insights from the sages of the board?
$489 Monthly Payment 39 Month Term
$3500 Down Payment
NA Security Deposit
10000 Annual Mileage
Restrictions Lease is based on 2008 M35 Sedan with Technology Package (model 98118). $2000 Lease Loyalty cash available. Cannot be combined with $6000 Retail Dealer Cash. See dealer for complete details.
Comments $3989 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
The M45 lease offer is as follows. Again I am not sure what the $7,000 represents:
$599 Monthly Payment 39 Month Term
$3440 Down Payment
NA Security Deposit
10000 Annual Mileage
Restrictions Lease is based on 2008 M45 RWD Sedan with Technology Package (model 98318). $2000 Lease Owner Loyalty cash available. Cannot be combined with $7000 Retail Dealer Cash. Must finance through Infiniti Financial Services. See dealer for complete details.
Comments $4039 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
Any insight on these offers as well as an explanation of the Retail Dealer Cash is would be very much appreciated. Thanks.