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Incidentally when I went to pick up my car at Ramsey Infiniti, they had an M45 Sport in diamond graphite (which was pretty nice) with graphite interior with the optional rosewood trim (instead of aluminum). I remember when I was doing my search, I told dealers that I didn't want the wood option in the M35 Sport. All of them kept saying that the Sport has aluminum and I told them that the wood is an option and that whatever car they find better not have it. I never expected to see one.
A few more things about my lease cost. Never trust the numbers given to you by the salesman. Those are just ballpark numbers to get you to make the deal. When I finally sat down with the finance guy when I picking up my car, the actual purchase price that showed up on my IFS lease paperwork turned out to be $52,785.63 which is about $20 below the invoice price of $52,804. My total out of pocket went down to $1496 (instead of $1569) because the NY DMV fee went down since I told them I wanted to transfer my old plates. They were originally going to get me new plates which costs more. By the way, edmunds.com invoice price was exact to the dollar. The finance guy briefly showed me the actual invoice after I told him what I calculated on edmunds.com just to show me that the edmunds invoice price was dead on.
I have a few more questions for you. Some of these are for a friend of mine.
1) I got an email from Infiniti stating that was a special sale going on between Nov 25th and January 2nd or 3rd. I guess they are trying to compete with the Lexus December to Remember sales event. Are there any special money factors on an M35 Sport or M45 Sport for a 12K mile/year 36 or 39 month lease? With tier 1 credit you don't need to leave a security deposit so could you give the money factors with and without a security deposit if they are different. I'm trying to get this information for a friend of mine.
2) I noticed that you posted a money factor of 0.00162 on an M35 Sport lease from Infiniti Financial Services when you leave a security deposit. Every dealer I spoke to in the NY/NJ area told me that a 12K mile/year 39 month for a M35 Sport has a money factor of 0.00179 without a security depost because you don't need to leave a security deposit if you qualify for tier 1 credit. I just want to confirm with you that there is a difference in the money factor if you leave a security deposit and if that money factor of 0.00179 without a security deposit is correct. I also wanted to ask you whether you thought it was worth it or not to leave a security deposit. I guess I could run the numbers and figure it out.
3) When I was shopping around for the M35 Sport, I would get dealers to quote me the MSRP, the selling price, the money factor and residual percentage. I would also ask them to calculate a lease payment amount in their system but when I would put the numbers in the edmunds.com lease calculator as well as an Excel spreadsheet which I created (and tested), the numbers were always off by about $10. I thought it might be because Infiniti doesn't residualize the destination charge of $650 in the lease. Let's say your residual is 59%, you'd be paying for 41% of the destination charge of $650 in the lease which is $266.50. If you have to pay the remaining amount of $383.50 ($650 - $266.50) in the lease, that could explain the $10 difference in the calculation between Infinit's lease calculator and the one on edmunds.com. Could you try to find out if this is the cause of the difference and if not, could you try to find out why their calculation is different?
Thanks in advance.
35x tech journey, guards, trunk mats
39 mos, .0020, 59%, 48100 cap cost 30,172 res value
585.31/mo.
5k cash
Maryland Tax 5%
Seem pretty buttoned down?
Thanks a bunch
For November, the payments for 24 months were LESS than 36, 39, and 48 months! Are they trying to get cars back in?
Also, what kind of pricing over invoice are people getting on these cars. Is $750 reasonable or am I asking for too much? I'm in Boston if that makes a difference.
What would the lease cost be for a M35x with Journey, XM radio and trunk mat. Dealer Quote 43,689. Lease 15,000 miles for 25 months. PA tax 9%
Thank you
What would the lease cost be for a M35x with Journey, XM radio and trunk mat. Dealer Quote 43,689. Lease 15,000 miles for 24 months. PA tax 9%
(24 months not 25)
Thank you
You helped me negotiate a favorable lease on an M45 a few monts ago, and I have a friend that wants to do the same. Could you give me the residual and money factor on a 24mo/30mi lease on a SPORT model.
Thanks again!!
do you have the Dec MF and residuals for the M45, how would 20K effect the residuals?
Thanks,
B-man
I also posted a similiar question on the BMW prices paid as I am comparing the 2 cars.
I currently lease a 2004 i-35 (32K miles) and I am looking to lease the M35. We are down to one car and need to have 2. In order to kill 2 birds with one stone. I am looking at buying out my current lease at $23,900 and then leasing the M35. The goal was to drive the i35 and not worry about miles, wear and tear ... etc
Do you feel it is smart to buy out the i35? Will the value hold? Or should I just continue to lease it for the remaining 14 months at $539/month or buy it out at around $490 for 60 months.
I am being told the best they can deal off the M35 is $750 off MSRP. The forum discussions shows $1k over invoice as the norm. Does the region of the country matter? I am in TX.
Thanks
tc
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You're right about the security deposit thing. I forgot that Infiniti has been waiving its lease security deposit requirement on leases without an increase in the money factor for a couple of months now. I'm not sure why the payment that you calculate and the one that dealers are quoting you are $10 off. I doubt that the answer is the destination charge though. Every bank that I am familiar with considers destination charges to be part of vehicles' MSRPs.
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You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
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If the Estimated Price of a vehicle is 48,000 and you put 3000 as the Down Payment, it shows what it calls an Adjusted Capital Cost of $45,550.
Why? What happened to my $550???!!!! And what does it do about sales tax? Or is this just another useless web tool?
Dave
I'm looking for an M35 with journey/tech/full spare/and slash....MSRP $48,640 with the $650 destination...Invoice of $44,324....judging from this prices forum, I'd like to think I could lease the car for a cap cost of $45,000.
Reading the earlier posts and assuming 12,000 miles per year 36 month lease I used a money factor of 00.00162 (3.9% APR) and a residual of 61%.
With $3000 down and 7% sales tax I should be targeted a monthly payment of $497. Can you check my math?
Capitalized Cost $45,024.00
Downpayment $(3,000.00)
Net Capital $42,024.00
Residual Cost $29,670.40
Capital to Finance $12,353.60
Depreciation Fee $343.16
Finance Fee $116.50
Sales Tax $38.01
Total Payment $497.67
First Payment + Sec Dep $995.34
Title/Doc/Acquisition $1,179.00
Total Down $5,174.34
Thanks for the help!
I'm looking to lease an M35 sport/journey, $45,830 MSRP, invoice $42,036, assume selling price of $43,000. What would a fair deal be on a 36 or 39 month lease, 15k miles a year, 6% sales tax, (south florida market) sign and drive? and how do you think the rates will compare, money factor and residual value after the first of the year? Thanks.
By the way, that money factor of 0.00132 on the M35 Sport is really low. That translates to an approximate interest rate of 3.17% (0.00132 * 2400). It almost makes me wish I had taken the the M35 Sport that a dealer offered me for about $500 over invoice. Out of curiousity does that money factor also apply for a 39 month lease with 12K miles/year? If so, is the residual percentage on a 39 month lease simply 1 percent less than the 36 month lease residual percentage of 59%? So it would be 58% residual for 39 months. If that's the case, I would tell my friend to look skip the extra power (and worse gas mileage) and look to lease an M35 Sport for 39 months.
I just found this forum and it couldn't have been more timely. I am planning on going down to the local Infiity dealership tomorrow to trade in my current lease (Nissan 350Z) in exchange for a M35 Sport with Technology/Journey/Splash Guards/Trunk Mat. I don't really need the last two but they are on this car already so ther you go.
The one car they have available now has an MSRP of $50,190 with an invoice of $45,813. Would it be reasonable to offer to pay 1k over invoice on this car? The dealership is already saying that they are "giving in" by offering the reat lease price already but from what I am reading here in this form I should be able to get both yes?
Also - My current residual on the 350Z lease is $19,035 and from what I can see if I purchased it and sold it I could get approx $23k for it. I don't think the dealer will do this however as they most likely will want to pay wholesale for it.
In a perfect world, I would give them my current car, pay 1k over invoice on the new one and walk out with a $500/month total payment for the new vehicle without having to put anything down. I know however I will most likely need to put some cash down which would be fine as long as it's not too much.
Any recommendations? anything I should be aware of when negotiating this lease tomorrow?
Thanks so much!
Luis
Black obsidian with wheat interior, journey package, navigation, Sirius satellite radio, full-size spare, FTMA. Negotiated purchase price: $50,650, MSRP: $53,030.
36-month lease, 12K miles/yr, 62% residual, 0.00184 money factor, 6.5% sales tax, $4000 down including first payment, license transfer fee and $3190 cap reduction: monthly payment of $674.90.
The only cost on the lease I wasn't clear on is a $550 "bank origination fee", which I tried to get waived but couldn't. My payment calculations matched the dealer's almost to the penny. Dealer showed me the lease finance sheet with all money factors and residuals for various mileage and lease-term combinations. Overall, a pretty good experience.
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Thanks very much for your response. My wife and I decided to wait just a bit before leasing the new M35. I actually only have two months left on the lease of my Z but It became absolutely obvious that I will do much better trying to sell it myself rather than "trading it in" to the dealer. If I am not able to sell it before the lease maturity then I'll just return the vehicle to the original dealership.
I will do more research as you recommend as well in preparation of my return visit to the dealership.
Thanks again.
Luis
Any new information on Jan lease numbers for M35 cap cost approx $46K for 15K miles and 39 mo leas with nothing down other than first month paymet, etc.
Thanks.
I'd love to get the lease numbers for Jan on an M45.
Also, how exactly do miles effect the monthly payment? Lower residual? Higher money factor?
Thanks.
Do you have the residual / money factors for a January IFS lease of an M45 Sport? I'm interested in 12k miles per year; 24, 36, or 39 months. Thanks!
-Dave
I have not seen any lease program for the M35x posted on the Edmunds.com website in the past year.
Do favorable lease rates sometimes exist even though they are not publicly listed either at the Infiniti web site or at Edmunds lease incentive page? Or, is what you see at the manufacturer web site pretty much what you expect to pay or is available?
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Thanks,
Paul
Looking for lease info on m35X Msrp of 50,940 Invoice of 46,600. I am looking for a 39 or 36 month lease with 15,000 miles per year. Thanks, Ryan