Infiniti M37 M56 Lease Questions

furryp

These forums help saved me over a thousand dollars buying my M35. Its how I learned about the VPP program which let me pay about $450 over invoice.

As I sat around the dealership waiting to take delivery this weekend, I was secretly flipping through the IFS lease book. Here's some lease numbers for you all. This is Tier 1 credit, 36 months and I believe 12,000 miles. Its in the Central and West Regions.

M35
.0015 Money factor 58% residual

M35 Sport
.00127 Money factor 56% residual

M45
.00167 Money factor 60% residual

M45 Sport
.00144 Money factor 58% residual

Tier 1 needs over a 700 credit score. And there's no security deposit needed. You can put as little as the first month only down.

furryp

Thanks to learning about the VPP program on these infiniti forums, here's the deal I got this weekend and some advice for others about to buy:

THE DEAL:

36 Month lease on M35 with Journey, NAV, mid flaps, truck mat, sirius.

$46,790 MSRP
$42,741 Invoice
$43,153 Selling Price

10,000 miles
60% residual
.0015 Money factor (IFS)
I ended up putting $1559 down, so my payments are $569

THE ADVICE:

Along with this forum, I found the excel lease template in the lease section of carbuyingtips.com was a huge help. Over the phone I had the salesperson confirm all the numbers, and with that spreadsheet I pinned him down on a lot of issues including a lot of hidden fees he hadn't disclosed. I've never leased before, and I'm not great at math...so the template was a huge help to me.

Also watch out for them pushing the 39 month lease. The payment is lower, but the money factor is higher. When you run the numbers it doesn't make sense.

jaypolostls

I've had two dealers quote me at $200 below invoice. Is this real or not? All I've been reading here is dealers getting 600 above invoice. I'm in New York, and the dealers that quoted me blow invoice were in New York and New Jersey. HELP!

540dude

Ramsey Infinti in Ramsey, New Jersey. Given recent pricing trends, you can probably so better than the $1K over invoice that I got when I ordered the car in the fall.

The key is to know IFS's leasing terms so the dealer can't mark it up.

I did not bother getting a quote for 15 miles per year because I needed 18K miles.

CarMan@Edmunds

I'd be happy to help you out, gs455. If you were to lease a 2006 Infiniti M35 Sport through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00127 and 56%, respectively.

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CarMan@Edmunds

Hey dc661. If you were to lease a 2006 Infiniti M35 Sport through Infiniti Financial Services right now for 24 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00084 and 68%, respectively. The numbers for an otherwise identical 36 month lease should be .00127 and 57%.

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CarMan@Edmunds

They are available, jbm160. If you were to lease a 2006 Infiniti M45 Sport through Infiniti Financial Services right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00144 and 59%, respectively. The numbers for an otherwise identical 42 month lease should be .00173 and 56%. If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.

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hac2

I'm interested to know the NJ infiniti dealer or dealers that will quote a below invoice price.

Thank you

joestanz

I need your assistanace on a lease deal. I would like to 39 mth lease on a M35X with the following features:
(Tech package, Jorney package, 18" chrome wheels, 15,000 miles/year).
I am getting a price quote for $610/mth with $3,000 down (includes taxes).
Thank You,

Joe

joestanz

Hello,

I am currently inking a deal at the following:

M35X
Tech package, Jorney package, 18" chrome wheels, full-sze spare, 15,000/yr @ 3,000 down (includes taxes, tags, etc.) @ $610/mth.
How does that compare to yours?

jccoop

I am looking at a M35 Sport with Journey and Nav. I was offered $3000 total down and $648 a month plus tax which is 8% here in Arizona. I am planning on calling over the phone to negotiate the best deal. I sell mortgages and know credit scores vary from mortgages to car fico's but my mortgage fico is 670. What Money factor and residual should I look for? What other things other then the purchase price after the lease is up and the payment should I be concerned with? What would be a reasonable monthly payment for 36 or 39 months? Also I have heard that the end of the month is the best time to buy a car because they are trying to hit bonus levels so they are willing to give you a better deal. Any advice would be greatly appreciated.

sysman0

Ok here is what I have so far on a deal:
M35 sport, Journey Pkg, SatRadio, Rosewood Trim for $44,540, 12k miles per year, 39 months, Residual 56%, Money Factor .00147. The mthnly pymt comes out to 544.00 before taxes.

does this sounf like a good deal? I tried to get a lower money factor but they said that this was the best one theyr had to offer.

Thanks for you input.

popny85

Hey Car_Man, would you happen to have the Money Factors and Residuals for an M35x?

bwang1

Got a M45 Sport (fully loaded) and am looking to get out of this lease. Does anyone know if IFS will allow lease transfers???

Thanks!
Bobby

random987

Someone told me that Infiniti reduced their figures for March as their financial year ends in March....does anyone know what the rates are?

I am in the market for a M45 Sport.

sebast23

CAR_MAN Help!!!

Looking to lease a 2006 infiniti M35 4dr sedan (3.5L 6cylA)
MSRP $40,840
Journey $2750
Trunk Mat $80
Nav $2000
Destin. $650 Total MSRP 46320

They offered me $2000 for trade for 98 plymouth grand voyager w/111,500 mi(they noted 52% of value)(owe nothing on car)

I would like to offer invoice at $42342 (includ dest charge)
Could I get lease numbers for 36 month at both 18,000mi and 15,000mi. What is base money factor and residual for this car.
What $ amount should the bank acquisition fee be. Dealer quoted $550 and told me total inceptions would run about $2000.

If I offered invoice for this car what would my monthly payment look like? 6% tax in Ft. Lauderdale
Lastly is there a security deposit required?
Thanks for your help in advance.

sebast23

I am still waiting to make that buy. However don't want to give the farm away. Can anyone help.
Dealer told me dealer fees were $795 and Bank fees were $550.

gojayhawks

Hey Car_Man -

Needing help with numbers on leasing an M35x with Journey, Tech, Aero, and Full Spare. MSRP is $52540. Through VPP I can get it for $48003. Lease terms I am looking at are 39 months and 10K miles per year. I am being quoted $669.50/mth with $1850 down. Payment and down include 1st month, taxes (7.525%), tags, and all other fees. Residual is 59%. What do you come up with these figures?

Thanks in advance for the help.

Dan

tstraub

Hi CarMan,
Can you please quote MF and residual for a 36 and 48 mo lease on a M35 at 18k/year, zero down. Thanks!

CarMan@Edmunds

Hi random987. Infiniti's lease program varies depending upon how long you lease for and how many miles per year you are allowed to drive. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. If you were to lease a 2006 Infiniti M45 Sport through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00126 and 57%, respectively.

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CarMan@Edmunds

Hello sebast23. According to the latest information that I have seen, if you were to lease a 2006 Infiniti M35 2WD Sedan through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00132 and 57%, respectively. 15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. Let's work up a lease payment on this car for you and see what we come up with. According to my calculations, if you were to lease this car, with an MSRP of $46,320 and a selling price of $42,342 through IFS right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $534. I worked up a zero down lease for you because it is in your best interest not to make any sort of down payment when leasing. I always advise consumers against doing so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Infiniti would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all. You can still trade in your Grand Voyager if you want, just have the dealer that you are working with cut you a check for it instead of using the proceeds from it as a cap cost reduction. Infiniti Financial Services' base lease acquisition fee is currently $550. IFS is currently waiving its security deposit requirement on this car.

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CarMan@Edmunds

Hey sebast23. The bank fee that you were quoted is right on the money, but the dealer fee sounds a little high to me. If this is a doc fee, it's not really anything more than a way for the dealer that you are dealing with to add additional profit to your deal. Think of it as the total price of the vehicle that you are interested in. If the price of this car, including the doc fee, is less than or equivalent to the price that you would have to pay at other dealers it doesn't really matter how it breaks down.

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CarMan@Edmunds

Hi Dan. Infiniti Financial Services' current 39 month, 10,000 mile per year buy rate lease money factor and residual value for the 2006 M35X are .00154 and 57%, respectively. Using these numbers, an MSRP of $52,540, and a selling price of $48,003, I estimate that this car's zero down, pre-tax monthly payment should be around $583. If you were to make a $1,850 capitalized cost reduction it would drop this car's payment to around $533. It's not in your interest to make a cap cost reduction though. You're better off going with zero down.

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CarMan@Edmunds

Here you go, tstraub. If you were to lease a base 2006 Infiniti M35 2WD Sedan through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00132 and 57%, respectively. The numbers for an otherwise identical 48 month lease should be .00215 and 47%. 15,000 miles per year is the highest mileage allowance that IFS publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.

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marker10

Hi Car_man,

I'm looking to lease the m35x this weekend and was wondering what the standard fees were. The sales guy I'm working with mentioned a bank fee of $550 and a License Fee (something like that)of around $700 or $750. This might've included the tags, etc. Do these fees sound accurate to you? Basically, I'm not putting any money down and rolling the state taxes into the payment. Excluding the first month payment, how much do I have to pay up front for the different fees?

Thanks.

hit

Hey,

I'm about to enter into a 24 month lease agreement.. and I just wanted to confirm that the numbers were up to par. I initially came in there with the intention of walking away with a M45 sport with journey, but they had a m45 sport w/ journey, tech, spare rim, tints, wood interior, spoiler.. basically fully loaded minus the rear dvd player on their showroom floor as a demo car with 2,000 dealer miles on it. They wanted $625 a month for a 12k / 24month lease for the sport w/ journey, and they sold me into taking the demo car off their hands for the same ammount (with a originally discussed 2800 down + some bs fees (and they charged me 60something for wheel locks :confuse: ) Today i received a call saying I only qualified for tier 2 (i'm young, no previous car financing history), and the rates were adjusted. I'm looking at a bargained down price of 637.87 a month, with 3900 down (all fees less the ~200dmv plate fee included). I recall glancing at his screen and his residual rate set was somethng like 72%.. but i'm not sure of the exact breakdown on the rates, and he did give me a break down off the fees which i left in my office .. but they were split between a ~$1500ish cap reduction, 650 refundable sec deposit, 1st month payment, and the rest i assume between dealer fees and the wheel locks.

It's already more or less a done deal, they charged 900 (part of the 3900) from my CC to hold the car for me.. but i can still get out of it if i opt to.

So.. what do you say fellas.. good deal/bad deal?

540dude

This sounds like an awful deal and it is obvious to me that the dealer is attempting to take advantage of you.

You need to insist that the dealer give you the NUMBERS behind the lease. That is, the dealer must tell you: (1) the total capitalized cost of the lease (ie., the selling price) (you should not be paying more than $1K over invoice on a M45 Sport and for a DEMO CAR, you should be paying invoice or less); (2) the money factor on the lease (that's a fancy way of saying the interest rate -- the interest rate on a lease is the money factor times 2400) (many dealers mark up the money factor because so few consumers understand the money factor) (you should not pay more than the base money factor for the car, which CARMAN has already posted on this board for the March program).

You are also insane to put even a penny down in a cap cost reduction on a lease. If you crash the car or it is stolen, you lose that money forever. Better to keep the money in your pocket and have slightly higher monthly payments.

Using these tactics, I ended up paying about $780 per month for an 18K miles per year, 3 year lease on a totally loaded M45 Sport (all options except rear DVD). That payment INCLUDES New York State tax of 8.625% and the aquisition fee all rolled into the lease. My selling price was $1K over invoice (for a totaly new car-not a demo) and I got the base money factor offered by IFS. My drive off costs were only the first month's payment and the title fees. They waived the security deposit.

hit

The numbers come out to be as follows:

637.87 montly payment
3900 DOD
--comprised of:
637.87 1st mth
650 Sec dep.
1839.11 Cap Red.
550 Bank fee
57.50 some DMV Fee?

Numbers are 53,378.7 Cap cost, 69% residual, MF (he said) was .00093. [EDIT.. just double checked.. the interest rate comes out to be 0.930%.... ]

Doesn't seem right.. is it time to get out of the deal and go to a different dealer?

hit

I ran it in the spreadsheet.. the numbers work out with a 9% sales tax (need to verify if thats accurate in PA) But uhh.. my question is this: Am I getting overcharged on the deal? I got an offer from a competing guy for a M45 Sport w/ Journey ONLY for $580/month with 2400 down.

Taking into account the refundable downpayment, i'll be paying a premium of 1388.88 (monthly pmts) + a 850 premium on the amt down, a total of 2238.88 for the fully loaded M45... now it becomes a matter of it being "worth it" to go with the extra features and possiblity of the demo model being a headache in terms of possibly necessary repaires.

(edit) after comparing the numbers given on my deal (69% residual and .0097 MF ).. the deal seems great! Am I missing something or am I really getting a great deal?

bimmeresq

I was quoted this by a dealer in SoCal. 2006 Black/graphite M45 Sport w/ technology, aerodynamic, mobile ent.sys, and trunk mat options.
MSRP $59270
Invoice $53899
Sale price: $55099 ($1,200 above invoice)
$1300 drive off
57% residual for 36 months
01260 m/f
$722+tax.
15,000 miles/year

or 39 months = $706+tax. 42 = $702+tax
.... and if you were to choose 24 months (my favorite program) you'd be at $732+tax.

I'm leaning toward the 24 month lease @ $732+tax/month with $1,300 drive off. What do you guys think? Can I do better? Thanks in advance.

ccec

Car Man,

I am leaning towards leasing an M35 2WD journey+tech but not sure it will be right for my situation vs. buying. If leasing, I know I would have to buy additional miles. I've looked at pros/cons and worked some numbers but still need your expert advice. Infinity rep recommends 36 month lease w/buying miles... concerned about going outside of warranty. Here's my situation...

Situation: New outside sales job; 25-30K miles year; company provides $400/month fixed car allowance plus gas.

MSRP for M35 2WD, Journey + Tech is $48,400
Cap. cost: $45,200; if use VPP program capital cost is $42,595. I assume I can use VPP on lease?

Some say it's better to buy because of the high miles and some say it's better to lease. :confuse: Need help ASAP!

Thanks

ccec

fdesign

Hello!

My second to last car was a 2001 Toyota Avalon, which I leased for $525.00 a month (includes MN state tax, around 2k down total).

My last car was a 2002 Jaguar S-Type V8, which I leased for $810.00 a month (includes MN state tax, around 2k down total).

My current car is a 2005 Chrysler 300C, which I am leasing for $639.00 a month (includes MN state tax, around 1k down total).

On my last few cars, I got out of my lease early by selling the car to another party, and if I am going to get out of my 300C early, that is what I will do.

With that said, I just recently sat in a M35x and loved it. It had the tech and journey package. Sticker price was $50,000.

My big question is how strict is Infiniti Credit? I am sweating bullets over here, wondering if I should try my hand at getting approved for a lease.

I have both good and bad credit, the bad parts being tax leins, but no bankrupcies, and no repos or anything else crazy, just tax liens for a business I owned, that got put on me personally.

However, obviously, my credit was good enough to get me approved with Ford, Toyota, Jaguar, and Chrysler, for pretty good amounts (the Jag being almost a 60k car).

Around 6 years ago, I tried to see if I could get approved for a Infinit Q45 lease, they shot me down.

Granted that car was more expensive than a M35x, and who knows what the residule value was on those, or what Infiniti Credit was like back then...

I have never been late in at least the last 5 years on any car payments.

So given a rough sketch of my credit, and what I have been able to get approved for in the past, do I have a chance with Infiniti? Obviously, I would not be 'A' credit.

If so, with basically ZERO out of pocket (I will add money if needed), could someone quote me what the a M35x with tech and journey, sticker of $50,000, would be for a 12k a year lease, 3 years? Or a lease that is similiar?

It it possible to get it close to what I am paying already for my 300C, which is $639.00 a month? (I have the wife to convince, makes it easier when the payments stay the same, not go up .

Thanks for any help!!!

bimmeresq

I just picked up my 2006 Black/graphite M45 Sport w/ technology package, journey package, aerodynamic, mobile ent.sys, and trunk mat options.
MSRP $59270
Invoice $53899
Sale price: $55099 ($1,200 above invoice)
$0 drive off
$722+tax.
15,000 miles/year
24 months at $732+tax. Got it at Van Nuys, CA Infiniti.

cunnikr

CarMan, I decided to try leasing for the first time and this site has been a HUGE help - thank you! I have only two questions - could you tell me what the current MF and Residual is for an M35, 36 mo., 12,000 miles (I found it in the posts for February, but not March)? Second, is residual based on MSRP or negotiated selling price? Thanks again!

[EDIT] For others on the forum who have asked, I found the answer to question 2 here: http://www.edmunds.com/advice/leasing/articles/48365/article.html
Residual value is based on MSRP.

marker10

on the M35x, 36 mos/12k residual is 57%.

airgator

Hi!

Any help out there? I have been following the M35/45 discussions for about a year, but this is my first adventure in posting. I am in the market for an M45 (non-sport) Umbria Grey with Bourbon interior and Premium package with spoiler and mud guards. No dealers in the mid-west have been able to find this combination in the country, or so they say. I have not seen anyone in Indiana posting lease experiences here. Anybody getting offered any deals near Indy?
Thanks again!

bz2yx9

I am recovering from some black marks on my credit history and have had some difficulty getting good loan rates. In talking to Infinity here in Texas, because my TRW score is fairly decent they suggested I might qualify for Tier 1 financing through IFS.

After they ran my credit, they came back and told me for a 0-63 month purchase I could get 6.59%. That seems to be fairly close to the going rate, but I don't know if it's Tier 1. For a 42 month lease I got quoted .0024 MF. I think that's pretty good, but I've noticed in this thread the going MF rate seems to be .00132. I'm wondering if the dealer may be holding back on me?

cunnikr

Thanks marker10, but I was looking for M35 numbers, not 35x. I think they are different. The numbers for February were .0015 and 58%. Anybody know what they are for March?

sk534

Hey Car_Man--
I'm looking to lease a M35X w/journey pkg only. Please give me the money factor for 39 months, 15k year. The Quote I received was $610 month, no money down and $610 for 1st months payment, which includes TT&L. I was the 39 month lease is a better deal than 36, is this true?

Thanks--
In Ky

cunnikr

An honest dealer in Austin gave me the MF and RV for March for the M35, non-sport, 36 mo, 12k mi: .00132, 58%.

themaven

CarMan,

I am about to lease a M35 Sport for w/Journey and Navigiation & Sirius - MSRP=$48,420 with an expected Net Cap of around $45,316 for 15K miles.
The dealer gave a rate of 1.090 with a 55% residual for a 3 year lease, and a rate of .580 with a residual of .66 for a 2 year lease.
What should the money factor and residual be for these cars?

acuraconvert

Maven,
March numbers are 55% RV and .00109 (2.616%) for the 3 year and 66% RV and .00058 (1.392%) for the 2 year. Don't forget to add the wonderful $550 acquisition fee and the $359 doc fee to your cap cost. At least that is what it was in NC. Tax is extra too!

gojayhawks

Hey Car_Man -

Thanks for the information. One clarification. When you say my pre-tax monthly payment should be $583 based on the figures I provided are you factoring in first month payment, doc and bank fees (approx $750), and refundable deposit ($450)?

jr32

I've read how it's not a good idea to put any money down on a lease, which I understand. Does that hold true for paying taxes up front?

hawaiidream

Hi Car Man:

I am about to lease a 35x with technology package + XM, 12K with everything folded in to the lease. The MSRP quoted was 51,200 and selling price of 47,300. 3-year lease quoted was 667/month with 861 due at signing, plus they would pay the last 3 months of my current lease ($1000).

Your throughs on this deal would be appreciated.

Many thanks
peter,
white plains, NY

toyopa

Hi Car Man, your forum is awesome!!!

Im looking at a M35 2wd with journy/tech/aero/spare

I havent got the quote yet, but I have a VPP #, so I assume it will be a few dollars over invoice (?)

Im looking for the lowest monthly lease; so prob 36 mos?? And I drive less than 10K miles a year (could even say 8) and no money down - is the money rate good now or should I wait to april? (someone said something about march is EOY for IFS...)

I appreciate your wisdom on this!

robsanch

Car Man,
A dealer is offering $535 plus tax per month for a base model M35, 39 month lease, 12k per year. They would negotiate much on the factos: $40100 price, .0018 rate, 57% residual. does this sound reasonable? They also wanted $2K down, basically $600 dealer fee, $550 bank fee, 1st month, taxt title etc.

I thought the asking price for the car was a little high, with too many fees...

Any thoughts? Is this a good deal?

pmacd500

Hello, anyone (Car_man?) know the april MF and RV on an 06 M45 sport IFS 12K/24mo lease - PLEASE post it... It will greatly help in my upcoming purchase negotiation of this car. Thanks

awd2003

I got a quote for a 2006 M35x w/journey, nav, mud guards and full size spare
With multiple sec deposits the MF is .00042. 36month 10k. $6404. (dep and fees)
for $549.00 inc tx. MSRP 49060. Cost 45341. Deal is for March
Comments?

jeff721

I got my M35x Journey, nav and spash guards, 15,000 mi/yr $1,200 due at signing (598.00 of the 1,200 was 1st month) for $ 598.00/mo. Car was purchased in May of 2005 EOM.

No trade and I was at it for some time. Ordered car, had it mid July. If you order a car, I think they are more willing to deal. They get paid by you before they have to pay the bank for the car. No carring costs.

Good luck....this is one super awesome car!!!!!!!!!!!