I am moving on. I would never purchase or lease another Nissan/Infiniti product even though I sold Nissans for 5 years. The corporate parent is dishonest. I an also proceeding with legal action against them.
Although the experience with my dealer was unsatisfactory and the car itself still has problems, that doesn't mean many of you out there can't be happy with it.
That said, I just can't wait for my Audi to come in--ordered a 2010 A4.
I wish you all luck, but regarding residuals they will not negotiate at lease end...they get subsidized on the losses at auctions but not at retail.
I got a pre approved credit mailer ad with a $3000 loyalty to get a new M35 at 599/mo with only first payment plus tax on the m35 with technology. My out of pocket was $1000.00 including the $ 632 first month payment and I guess the tag fees. The dealer did not want to give me that price at first even with loyalty but they did when I showed them the mail ad. The Mrs loved the car for 39 months so we got a second one to be delivered in 15 days. They need to move these cars so IFS has a good lease factor until 6/1 . Ft. lauderdale FL
I am looking for the May numbers for an M-35 with 15,000/mi at 36 or 39 months. I am a current M lessee now. I noticed in post 1775 that there was a special lease rate for current m owners. Is that still going on in May????
I agree, my 2009 Audi A4 2.0 is as comfortable as the M35X (in front). It rides much better even with the sports suspension and 18" high performance summer tire package. Steers 1000% better and uses 30% less fuel. Rear seats fold down and the trunk is huge with seats up. Better speakers on their mid-line Symphony Radio.
2010 will be better with 3G Nav and rear LED taillights.
2006 M35X rode like a truck, drank gas like an SUV and steered like a cabin cruiser. Pepe Infiniti in White Plains, NY was great and replaced the steering rack,phone mic. and Nav under warranty.
Maybe the rear wheel drive version is better. The 7-speed will help the mileage.
The only Infiniti I would consider is the G37 sedan. The Audi A4 was more spacious so I went for it.
Here you go shive123. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Infiniti M35 with 15,000 miles per year are .00012 and 44%, respectively. The numbers for an otherwise identical 39 month lease are .00052 and 43%.
If you are a current Infiniti owner or lessee or the current owner / lessee of a number of competitive luxury models you are eligible for a $2,000 cash incentive on the lease of this car. Loyal customers are also eligible for an enhanced 39 month money factor of .00012. Current M owners / lessees are eligible for another $1,000 on top of all that.
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Hi shive123. Yes, Infiniti has an excellent lease program on the 2009 M35 for current M owners. If you are currently leasing or own an M, Infiniti Financial Services' buy rate lease money factor and residual value for a 39 month lease of a 2009 M35 with 15,000 miles per year are .00012 and 43%, respectively.
In addition to this special lease money factor, Infiniti is providing a total of $3,000 loyalty cash on the '09 M35 to current M owners and lessees.
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Hi car_man, I would like to know if the $5000 "marketing allowance" can be tapped into along with the $2500 "conquest" money towards a lease. The only restrictions Edmunds lists in the "incentives" area on the marketing allowance is that is cannot be combined with the low apr offer. $7500 below invoice would be awesome and help offset the likely low residual on a lease for this model. Will you also post the residuals and money factors for June M35's please? 36mo/15K (or 39 mo if that is the best special offer right now). My BMW lease is up on 6/26 so looking at other options before deciding. Thanks!
Congratulations on getting your new M35, shive123. Thanks for taking the time to share the details of your lease with everyone. Real world examples like this are always helpful for other community members who are in the market for similar vehicles. If you have the time, make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to tell everyone about your recent dealer experience as well. Enjoy your new ride :shades: !
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Hi jmcbmw. Typically manufacturers do not allow the combination of loyalty and conquest cash on the same vehicle. I do not know definitively that this is the case in this specific instance, but I suspect that it is.
Infiniti Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a base 2009 M35 with 15,000 miles per year are .00012 and 44%, respectively. For loyal customers, Infiniti is allowing the use of this month factor for 39 month terms, lowering the monthly payment. This car's 39 month, 15k resid is 43%.
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Carman, thanks for all of the info. It got me into my G35 at a great rate last year and now I am working on a M35 for a family member.
18K year/ 39mo MSRP 55185 INV 50,880 Cap Cost 51,380 MF .00081. Residual: 42.333% Sales tax rate Ohio/7% Using the 2,500 cash to customer to make $0 due at inception. Breakdown of 2,500 is: 350 DMV/Registration 818.26 first payment 1244.62 Cap reduction 87.12 Cap reduction tax total is 818.26 a month.
My questions Is it normal for dealer to jack up money factor. He tells me he cannot do the .00012 even thought family memeber is current FX45 owner? Why would a dealer use such an odd residual? Is it to make up for the extra mileage? Do you have official Infiniti numbers (MF/Resid) on a 39mo/18K lease? Should I be getting any other loyalty/dealer/customer cash? I am trying to put this together in the next day or so to qualify for the $650 in Amex gift cards ($150 for me and $500 for family member) Any were else I can negotiate better?
You should be able to get the car at invoice or below at this point! They are screwing with you on the money factor. It should be what CarMan listed for June. I would contact any other dealers in about a 50 mile area for their quotes. You should be able to do better.
If you are not able to work out a deal for your family member I would be interested in partnering up with you on the AmEx gift card. I lease an M-35 this month. Let me know and I wil pass on my e-mail.
I agree with everything you have said--my 2010 Audi A4 is in the port and should be released to the carrier on Thursday-I should be driving it by next weekend.
That said, I think it's worth making everyone here aware that Infiniti corporate is dishonest and dishonorable, and have given me no alternative but to consider suing them for compensation they promised me and then decided they didn't want to pay.
I don't need to recount the details, but my car was in shop for over a month cumulatively, the entire drive train was replaced and the issues were NEVER fixed. After offering me substantial compensation for my time and inconvenience, they then changed their mind and refused to give me anything. They now owe me $1300, and my attorney is trying to collect.
Regarding lease end inspection, I posted elsewhere it was more than fair.
So caveat emptor--buyer beware before even THINKING of getting an Infiiniti.
So caveat emptor--buyer beware before even THINKING of getting an Infiiniti.
That can be said for any luxury brand - i.e.: MB, BMW, AUDI or ACURA when unfortunately, the car you get has some major defects (there is no manufacturer produce 100% perfect cars and there will be bad ones - even for Lexus).
I have 2 friends who owned MB and AUDI that had bad experiences and swear just like you that they will NEVER buy another MB / AUDI respectively. BMW is no exception either - read their forum and you will hear horrible stories as well.
So caveat emptor--buyer beware before even THINKING of getting a vehicle.
Actually, I was quite resigned to the fact that they couldn't fix the car. What got me was their offer of compensation-one month payment and reimbursement for my share of tire replacement (which later became a bulletin on the Goodyear tires). That was $1300--and when I called to accept, they said they changed their mind and did not feel like giving me anything. Then a manager at Nissan corporate told me that they could not legally change their mind, and back tracked a day later and said they could.
THAT'S the part I have a problem with--they are not honest. But that's okay, my attorney is on it.
There are many cars with defects which can't be found or fixed...although it doesn't help when a service manager comments on a buzz in the interior by just telling you to turn your radio up....
Hi f1fan3. If I was in the market for an M35 and the dealer that I was working with was not willing to ise Infiniti Financial Services' buy rate lease money factor to calculate my monthly payment, I would find a dealer that was willing to work with me.
15,000 miles per year is the highest mileage allowance that IFS publishes residuals 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 lease-end and have to pay an excess mileage penalty.
IFS' July buy rate lease money factor and residual value for a 39 month lease of a base 2009 M35 with 15,000 miles per year are .00002 and 44%, respectively.
Infiniti is currently providing a $2,250 cash incentive on leases of this car for all consumers plus an additional $2,000 to current Infiniti owners.
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if so how does it drive. What are the lease #'s for the vehicle in NY, w/ zero down. Is it worth getting the sport instead of the all wheel drive model?
I currently have an 07 M35 with adv. tech & nav. Because I traded in my old car (a crappy VW), my lease payments are currently $537/mo. My 2-year lease ends in November.
At dealership today, they tell me that I can turn the car in now, and they'll put in a nicely equipped (Tech/Nav.) 09 M35 for a little over $600/mo. No money down for me (just first payment), and I don't have to pay the remaining 4 payments on my current lease.
I could wait a little longer and enjoy the low payments on my current car, but it's very possible they run out of 09 cars by next month, and then I'm shut out of all these incentives.
(also considering a G35, but it seems like the MF is so high on the G and incentives so much lower that it's really not as good a deal. Thoughts?
I am currently working a deal in Dallas on a base M35 w/splashguards, MSRP $46,830. I have a dealership that has so far been pretty up front about things offering a 43% residual and .00082 money factor on a 39 month, 15K/year lease. I am VPP (affiliate), so by my calculation, this vehicle should start with a cap cost of $43,616 if I am following the formula from Nissan's site correctly.
The deal information shows a cap cost of $40,590, which would appear to be pretty close to my calculated cap cost w/VPP, minues the 3K worth of rebates currently offered per Edmunds.
Here are my concerns/questions:
1) The money factor seems to be a bit higher (and the residual a point lower) than what you listed in another message for July - can you confirm what you had before was accurate?
2) Edmunds seems to think there is another $2250 (or $2225, Edmunds description contradicts itself) in cash to dealer lease support on this vehicle that my dealer is not talking about. Is that available with VPP and the other 3K in rebates, or is there some special rule that prevents that? I did not see anything in Edmund's description that said they could not be combined.
Also I am taking advantage of the pull ahead program to cover my last payment on my previous lease, which is due July 20th (thus the hurry now). I don't think the pull ahead program affects any of the lease numbers above, but wanted to mention it just in case.
Hey Mike. The dealership isn't being that upfront with you. The money factor that they quoted you is higher than IFS' buy rate. Its current buy rate lease money factor and residual value for a 39 month lease of a 2009 M35 with 15,000 miles per year are .00042 and 43%. The 36 month factor is even better at .00002 (44% resid).
The $5,000 dealer cash that Infiniti is providing on this car in July is not compatible with its special lease program. However, Infiniti is providing a $2,250 cash incentive plus an additional grand on base M35 models ($3,250 total) on leases of this car through IFS.
The fact that you are taking advantage of the pull ahead program should not have any impact upon the above numbers.
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Thanks for the input, Car Man. I ended up getting them down a bit lower on the money factor, but not all the way down to the .00042. It seemed that the dealership that offered the .00042 rate did not have the car I wanted, nor would they apply the full $3250 in discounts, so the rates still ended up being higher with the better money factor. When all was said and done, I got a base M35 plus splashguards and trunkmat for $541/month for 39 months, with 15K/year and first month's payment and acquisition fee down.
BTW, other than the money factor issue, I would recommend Sewell Infiniti in Dallas. Much better scenario there than at Crest Infiniti in Plano where I leased my previous M in 2006.
No problem, Mike. Congratulations on getting your new M. Thanks for stopping back and letting us know how everything turned out. It sounds as though you had a positive dealer experience. You may want to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to tell everyone about it.
Enjoy your new ride :shades: !
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Can you provide the current IFS buy rate lease money factor and residual value for a 36 & 39-month lease of a loaded 2009 M35 with 12,000 miles per year.
In July, Infiniti was providing a $2,250 cash incentive on leases plus an additional $2,000 to current Infiniti owners. Are these incentives still available?
Here you go, rickwell. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2009 M35 with 12,000 miles per year are .00002 and 45%, respectively. The numbers for an otherwise identical 39 month lease are .00042 and 44%.
The cash incentives that were available on leases of this car in July are still available.
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Welcome aboard, jabat. Let's take a look at this deal. The money factor that you were quoted is right in line with Infiniti Financial Services' buy rate for this model. That is a good sign.
Now let's take a look at the other important factor, this car's selling price. The car that you described, a 2009 Infiniti M35 that has an MSRP of $53,035 probably has a spread of around $4,350 between its full MSRP and its dealer invoice price. Add to this the $2,250 cash incentive that Infiniti is currently providing on leases of this model and this spread increases to around $6,600. You were quoted a discount of $5,250 on this car. That is probably around $1,350 over dealer invoice. That's not bad, but if you are in an area that has a decent level of competition, I would not be surprised if you were able to shave another couple hundred dollars off of this car's price.
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In Texas, IFS just announced they will extend tax credits on all remaining 2009 M's (both 35 & 45) from 9/3/09 to 9/08/09 - it is a short window, but you save about $50 off your payment.
I mentioned a few weeks ago - that if you were thinking about a 2009 M - don't wait. We are down to 5 left in stock and we are one of the largest Infiniti dealerships in the country! So, selection is drying up.
I wasn't really considering the M35 until I read about the great deals you guys were getting. So I decided to email a local dealer for a lease quote on a 2009 M35 (base with no options).
The MSRP was just over $46,000 and the terms I requested were 36 months, 10,000 miles/year, $0 down, with the taxes rolled into the payment.
The quote I got was insulting. The monthly lease payment they quoted me was close to $740 a month with over $1,000 due at signing! And this was for a BASE M35 with no options! What a joke.
I received a similar quote on a 2010 BMW 528i sedan, but that one was fully loaded and had an MSRP of $10,000 more than the M35.
I ran numbers on the last 09 M35 I have in that price range. MSRP $46,885 - 36 month lease - 15k year - $673 per month w/ $860 due at signing - assumes good credit and that you do NOT own an Infiniti now (if you do there is a $2000 loyalty rebate). This is using Texas taxes.
PS This would be my first offer - you could probably beat me down another $10 or so - you could also lower your payment by going 39 months or signing for less miles.
I only wanted 10k miles per year instead of 15k.....and I am not a current Infiniti owner so I won't qualify for the $2,000 rebate. I was still hoping for a quote in the upper $500s for a base M35.
Hello! I'm new to the forum but very much appreciate the information and input.
I currently have a 750Li lease with 4 payments left. I'm looking at an '09 M35 with Tech/Nav/splash guards/mat. The $4k conquest dollars would about pay off my current lease.
Seeing that M35 '10 models are rolling in, I decided to check on deals for the leftover '09s. They want $4k down + another $1500 for dest, 1st month, doc.....and a residual of 48%. This is on a 39 months/10K miles lease for $599/mo. The MSRP is $49420 and invoice price is $45380 + destination. Can I discount this price further because it is an '09 (maybe 10-15%)? I do not want to put any $$ down except 1st month payment, title, reg....
I was hoping to put together a deal for the low-mid $500 plus tax. Also, what exactly is an acquisition fee?
Hi drofnats. I see that you are considering trying to get out of your current lease four months early to get something new. If I was in your situation, I personally would wait until closer to the scheduled end of my current lease to pull the trigger on a deal. You definitely will be able to get a better deal on your new vehicle if you aren't saddled with thousands of dollars that you have to pay off on your old one.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I don't know what selling price Infiniti used to arrive at the advertised payment that you cited, but changes are there's still a little meat still left on the bone there. I highly doubt that we're talking about the nearly $5,000 in meat that you're talking about though. Probably a couple hundred bucks.
If I was in the market for an '09 M right now, I personally would shoot for a selling price of around $1,750 under dealer invoice. That's equivalent to around $500 over after the $2,250 cash incentive that's available on this car is taken into account.
All banks that lease vehicles to consumers charge a bank or acquisition fee at lease signing of around $600. Individual dealers do not have the authority to waive this charge. You can either pay it at lease signing or have it added to your car's capitalized cost to make it part of your monthly payment.
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Here you go, planoman. Infiniti Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2010 M35 2WD with 15,000 miles per year are .00056 and 50%, respectively. The numbers for an otherwise identical 39 month lease are .00089 and 49%.
Other than $2,000 owner loyalty cash, Infiniti is not currently providing any cash incentives on leases of this car.
Hi Car Man, Could you post the 2009 M35 rates and residuals for 10k miles, 36 and 39 months? Also, is there dealer cash avail towards the lease? Thanks!
I sure can, monkeyshift. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 M35 2WD with 10,000 miles per year are .00002 and 46%, respectively. The numbers for an otherwise identical 39 month lease are .00042 and 45%.
There's a lot of cash on leases of this car right now. Infiniti has $2,250 on leases of it, plus another $1,000 that was introduced mid-month, plus another $1,000 in select regions, plus another $2,000 for loyal customers.
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What are the current incentives on an M35x for a lease? Also what is the money factor, and residual for 36 month, 10k per year. Dealer mentioned lease incentive of $2750 + $2000 loyalty.
Hi cliffpoz. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 M35x with 10,000 miles per year are .00010 and 46%, respectively.
As the dealer told you, Infiniti is currently providing a $2,750 cash incentive on leases of this car through IFS and there is an additional $2,000 loyalty cash.
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Do you know what the money factor and residual value would be for a similar M35 or M35x lease for 15k miles for 36 & 39 months and if the $2,750 cash incentive is still in play?
Thanks rtcsmc . Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 M35 with 15,000 miles per year are .00012 and 49%, respectively.
The numbers for an otherwise identical 39 month lease are .00045 and 48%.
IFS' current buy rate lease money factor and residual value for a 36 month lease of a 2010 M35 AWD with 15,000 miles per year are .00004 and 49%, respectively.
The numbers for an otherwise identical 39 month lease are .00037 and 48%.
Infiniti is providing dealer cash on these cars, but I do not believe that it is compatible with the special lease program. There is however $2,000 loyalty cash available on IFS leases of this model.
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Comments
Although the experience with my dealer was unsatisfactory and the car itself still has problems, that doesn't mean many of you out there can't be happy with it.
That said, I just can't wait for my Audi to come in--ordered a 2010 A4.
I wish you all luck, but regarding residuals they will not negotiate at lease end...they get subsidized on the losses at auctions but not at retail.
Ft. lauderdale FL
What are the May numbers for an M-35 with 15,000mi at 36 or 39 months
thanks
Thanks
Am I able to combine the 4000 dealer incentive any my 3000 owner loyalty in a lease deal?
I agree, my 2009 Audi A4 2.0 is as comfortable as the M35X (in front). It rides much better even with the sports suspension and 18" high performance summer tire package. Steers 1000% better and uses 30% less fuel. Rear seats fold down and the trunk is huge with seats up. Better speakers on their mid-line Symphony Radio.
2010 will be better with 3G Nav and rear LED taillights.
2006 M35X rode like a truck, drank gas like an SUV and steered like a cabin cruiser. Pepe Infiniti in White Plains, NY was great and replaced the steering rack,phone mic. and Nav under warranty.
Maybe the rear wheel drive version is better. The 7-speed will help the mileage.
The only Infiniti I would consider is the G37 sedan. The Audi A4 was more spacious so I went for it.
Barry
If you are a current Infiniti owner or lessee or the current owner / lessee of a number of competitive luxury models you are eligible for a $2,000 cash incentive on the lease of this car. Loyal customers are also eligible for an enhanced 39 month money factor of .00012. Current M owners / lessees are eligible for another $1,000 on top of all that.
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In addition to this special lease money factor, Infiniti is providing a total of $3,000 loyalty cash on the '09 M35 to current M owners and lessees.
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300.00 out of pocket
39 mo.
15k miles/yr
630.00/mo including tax
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Infiniti Financial Services' June buy rate lease money factor and residual value for a 36 month lease of a base 2009 M35 with 15,000 miles per year are .00012 and 44%, respectively. For loyal customers, Infiniti is allowing the use of this month factor for 39 month terms, lowering the monthly payment. This car's 39 month, 15k resid is 43%.
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18K year/ 39mo
MSRP 55185
INV 50,880
Cap Cost 51,380
MF .00081.
Residual: 42.333%
Sales tax rate Ohio/7%
Using the 2,500 cash to customer to make $0 due at inception.
Breakdown of 2,500 is:
350 DMV/Registration
818.26 first payment
1244.62 Cap reduction
87.12 Cap reduction tax
total is 818.26 a month.
My questions
Is it normal for dealer to jack up money factor. He tells me he cannot do the .00012 even thought family memeber is current FX45 owner?
Why would a dealer use such an odd residual? Is it to make up for the extra mileage?
Do you have official Infiniti numbers (MF/Resid) on a 39mo/18K lease?
Should I be getting any other loyalty/dealer/customer cash?
I am trying to put this together in the next day or so to qualify for the $650 in Amex gift cards ($150 for me and $500 for family member)
Any were else I can negotiate better?
You should be able to get the car at invoice or below at this point! They are screwing with you on the money factor. It should be what CarMan listed for June. I would contact any other dealers in about a 50 mile area for their quotes. You should be able to do better.
If you are not able to work out a deal for your family member I would be interested in partnering up with you on the AmEx gift card. I lease an M-35 this month. Let me know and I wil pass on my e-mail.
I agree with everything you have said--my 2010 Audi A4 is in the port and should be released to the carrier on Thursday-I should be driving it by next weekend.
That said, I think it's worth making everyone here aware that Infiniti corporate is dishonest and dishonorable, and have given me no alternative but to consider suing them for compensation they promised me and then decided they didn't want to pay.
I don't need to recount the details, but my car was in shop for over a month cumulatively, the entire drive train was replaced and the issues were NEVER fixed. After offering me substantial compensation for my time and inconvenience, they then changed their mind and refused to give me anything. They now owe me $1300, and my attorney is trying to collect.
Regarding lease end inspection, I posted elsewhere it was more than fair.
So caveat emptor--buyer beware before even THINKING of getting an Infiiniti.
That can be said for any luxury brand - i.e.: MB, BMW, AUDI or ACURA when unfortunately, the car you get has some major defects (there is no manufacturer produce 100% perfect cars and there will be bad ones - even for Lexus).
I have 2 friends who owned MB and AUDI that had bad experiences and swear just like you that they will NEVER buy another MB / AUDI respectively. BMW is no exception either - read their forum and you will hear horrible stories as well.
So caveat emptor--buyer beware before even THINKING of getting a vehicle.
THAT'S the part I have a problem with--they are not honest. But that's okay, my attorney is on it.
There are many cars with defects which can't be found or fixed...although it doesn't help when a service manager comments on a buzz in the interior by just telling you to turn your radio up....
15,000 miles per year is the highest mileage allowance that IFS publishes residuals 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 lease-end and have to pay an excess mileage penalty.
IFS' July buy rate lease money factor and residual value for a 39 month lease of a base 2009 M35 with 15,000 miles per year are .00002 and 44%, respectively.
Infiniti is currently providing a $2,250 cash incentive on leases of this car for all consumers plus an additional $2,000 to current Infiniti owners.
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Is it worth getting the sport instead of the all wheel drive model?
At dealership today, they tell me that I can turn the car in now, and they'll put in a nicely equipped (Tech/Nav.) 09 M35 for a little over $600/mo. No money down for me (just first payment), and I don't have to pay the remaining 4 payments on my current lease.
I could wait a little longer and enjoy the low payments on my current car, but it's very possible they run out of 09 cars by next month, and then I'm shut out of all these incentives.
(also considering a G35, but it seems like the MF is so high on the G and incentives so much lower that it's really not as good a deal. Thoughts?
I am currently working a deal in Dallas on a base M35 w/splashguards, MSRP $46,830. I have a dealership that has so far been pretty up front about things offering a 43% residual and .00082 money factor on a 39 month, 15K/year lease. I am VPP (affiliate), so by my calculation, this vehicle should start with a cap cost of $43,616 if I am following the formula from Nissan's site correctly.
The deal information shows a cap cost of $40,590, which would appear to be pretty close to my calculated cap cost w/VPP, minues the 3K worth of rebates currently offered per Edmunds.
Here are my concerns/questions:
1) The money factor seems to be a bit higher (and the residual a point lower) than what you listed in another message for July - can you confirm what you had before was accurate?
2) Edmunds seems to think there is another $2250 (or $2225, Edmunds description contradicts itself) in cash to dealer lease support on this vehicle that my dealer is not talking about. Is that available with VPP and the other 3K in rebates, or is there some special rule that prevents that? I did not see anything in Edmund's description that said they could not be combined.
Also I am taking advantage of the pull ahead program to cover my last payment on my previous lease, which is due July 20th (thus the hurry now). I don't think the pull ahead program affects any of the lease numbers above, but wanted to mention it just in case.
Thanks!
Mike
The $5,000 dealer cash that Infiniti is providing on this car in July is not compatible with its special lease program. However, Infiniti is providing a $2,250 cash incentive plus an additional grand on base M35 models ($3,250 total) on leases of this car through IFS.
The fact that you are taking advantage of the pull ahead program should not have any impact upon the above numbers.
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BTW, other than the money factor issue, I would recommend Sewell Infiniti in Dallas. Much better scenario there than at Crest Infiniti in Plano where I leased my previous M in 2006.
Enjoy your new ride :shades: !
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In July, Infiniti was providing a $2,250 cash incentive on leases plus an additional $2,000 to current Infiniti owners. Are these incentives still available?
First post but long time reader. Can you tell me if this is a good deal or can I do better? Where is a good deal?
M35 fully loaded
List $53,035
Sell price $47,785
MF .00002
$1,000 for 1st payment and misc. fees
15K miles per year 36 months
Payment is $689.00
According to dealer, car is out of state and will need to go get it. I think they're trying to justify the pricing. Any advice is appreciated.
Thanks
The cash incentives that were available on leases of this car in July are still available.
Car_man
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Now let's take a look at the other important factor, this car's selling price. The car that you described, a 2009 Infiniti M35 that has an MSRP of $53,035 probably has a spread of around $4,350 between its full MSRP and its dealer invoice price. Add to this the $2,250 cash incentive that Infiniti is currently providing on leases of this model and this spread increases to around $6,600. You were quoted a discount of $5,250 on this car. That is probably around $1,350 over dealer invoice. That's not bad, but if you are in an area that has a decent level of competition, I would not be surprised if you were able to shave another couple hundred dollars off of this car's price.
Car_man
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I mentioned a few weeks ago - that if you were thinking about a 2009 M - don't wait. We are down to 5 left in stock and we are one of the largest Infiniti dealerships in the country! So, selection is drying up.
2010 should hits lots anyday now.
The MSRP was just over $46,000 and the terms I requested were 36 months, 10,000 miles/year, $0 down, with the taxes rolled into the payment.
The quote I got was insulting. The monthly lease payment they quoted me was close to $740 a month with over $1,000 due at signing! And this was for a BASE M35 with no options! What a joke.
I received a similar quote on a 2010 BMW 528i sedan, but that one was fully loaded and had an MSRP of $10,000 more than the M35.
Unbelievable.
PS This would be my first offer - you could probably beat me down another $10 or so - you could also lower your payment by going 39 months or signing for less miles.
I only wanted 10k miles per year instead of 15k.....and I am not a current Infiniti owner so I won't qualify for the $2,000 rebate. I was still hoping for a quote in the upper $500s for a base M35.
This should save about $60 month.
I currently have a 750Li lease with 4 payments left. I'm looking at an '09 M35 with Tech/Nav/splash guards/mat. The $4k conquest dollars would about pay off my current lease.
Seeing that M35 '10 models are rolling in, I decided to check on deals for the leftover '09s. They want $4k down + another $1500 for dest, 1st month, doc.....and a residual of 48%. This is on a 39 months/10K miles lease for $599/mo. The MSRP is $49420 and invoice price is $45380 + destination. Can I discount this price further because it is an '09 (maybe 10-15%)? I do not want to put any $$ down except 1st month payment, title, reg....
I was hoping to put together a deal for the low-mid $500 plus tax. Also, what exactly is an acquisition fee?
Thank you very much for your 'words of wisdom'.
Could you please let me know lease information numbers for 2010 M35s for 36 or 39 months, 15,000 miles/year and residual rates for October 2009.
Are there any dealer incentives for 2010 M35s on leases - what kind of sales price I can expect?
Thanks.
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I don't know what selling price Infiniti used to arrive at the advertised payment that you cited, but changes are there's still a little meat still left on the bone there. I highly doubt that we're talking about the nearly $5,000 in meat that you're talking about though. Probably a couple hundred bucks.
If I was in the market for an '09 M right now, I personally would shoot for a selling price of around $1,750 under dealer invoice. That's equivalent to around $500 over after the $2,250 cash incentive that's available on this car is taken into account.
All banks that lease vehicles to consumers charge a bank or acquisition fee at lease signing of around $600. Individual dealers do not have the authority to waive this charge. You can either pay it at lease signing or have it added to your car's capitalized cost to make it part of your monthly payment.
Car_man
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Other than $2,000 owner loyalty cash, Infiniti is not currently providing any cash incentives on leases of this car.
Try stopping by the "Infiniti M35 / M45 Prices Paid and Buying Experience" discussion for info on how much others are paying for this car right now.
Car_man
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Could you post the 2009 M35 rates and residuals for 10k miles, 36 and 39 months? Also, is there dealer cash avail towards the lease? Thanks!
There's a lot of cash on leases of this car right now. Infiniti has $2,250 on leases of it, plus another $1,000 that was introduced mid-month, plus another $1,000 in select regions, plus another $2,000 for loyal customers.
Car_man
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Thanks
As the dealer told you, Infiniti is currently providing a $2,750 cash incentive on leases of this car through IFS and there is an additional $2,000 loyalty cash.
Car_man
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Do you know what the money factor and residual value would be for a similar M35 or M35x lease for 15k miles for 36 & 39 months and if the $2,750 cash incentive is still in play?
Thanks... Your help is amazing!
The numbers for an otherwise identical 39 month lease are .00045 and 48%.
IFS' current buy rate lease money factor and residual value for a 36 month lease of a 2010 M35 AWD with 15,000 miles per year are .00004 and 49%, respectively.
The numbers for an otherwise identical 39 month lease are .00037 and 48%.
Infiniti is providing dealer cash on these cars, but I do not believe that it is compatible with the special lease program. There is however $2,000 loyalty cash available on IFS leases of this model.
Car_man
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