I live in CT. Yes the security deposit is returned at the end of the lease. I've used multiple deposit in the past to reduce money factor. I also modified my deal. 24month lease 12/k 565. per month inc sales tax and I getting a check for $850 to pay for my current leased car. Hope this helps.
I decided to step up and get the M45 with technology package. Being the Maven that I am, I did extensive research of cars and feel great about my decision. I have the money, but it is important to feel that I got a great deal.
Process I followed: 1) Use Edmunds to to research the car you want. Go to the dealerships and test drive them to get a feel. 2) Go to the book store and buy a car buying magazine that has detailed MSRP and Dealer Cost information. You can also buy this online at Consumer Reports where each option is also listed out, not just the car's cost. 3) Using message boards such as this to gather current market knowledge and facts, use Edmunds to send off a detailed quote request to local dealership's internet divisions. Also look for others online as Edmunds doesn't list all local dealerships. The internet dealers know you have done your homework and are the most willing to sell cars at x amount over dealer invoice. 4)Use the lease calculator attached (http://storeandserve.com/download/175464/Lease Calc Final - Share.xls.h- tml)(go to the link, hit download on the right middle, then scroll down to bottom on the next page and scroll down to click on file) to test the numbers and options to ensure you are not getting screwed. No offense to CarMan, but I tried the lease calculator here on the site and even bought one online. Both were junk, so I had a genius at my work use the formula's to make a new one and he got within 1/2 cent (rounding) of dealership quotes. This calculator allows you to change the Cap Cost, Residual, Money Factor to run different scenarios. It does not take taxes into consideration as each state does this differently. Emailed it to myself and check the numbers on the dealer's computer - knowing I had that made my final buying experience quick and easy. Enjoy! 5) The deal: 2006 M45 Umbria Grey with Journey/Technology Package/Sirius/Full Size Spare MSRP: $58,190 Cost: $53,487 ($500 over dealer invoice) 36 Month Lease Residual 57% Money Factor .000126 Total Cost $689.57 + $56.89 Tax = $746.46
Love my car! - FYI these were the March Rates - not sure about April - I'm in the Bay Area and bought at Frontier Infiniti in San Jose - great to deal with.
Hello Carman, I'm looking for Mf and residual on an 06 M35x w/journey, nav, and full spare for 36 mos. and 10-12k miles. In lieu of a down payment I would also like to know how much money in additional security deposits may have any effect on the MF. MSRP:$49,020 Cap Cost:$45,305 Tax: 6%
MSRP $52740 My Price $48003 (VPP price) Invoice $47900 MF .00154 Residual 57% 39 months 10K miles per year $1815 down $627 per month (includes 7.525% sales tax and all other fees)
I'm looking to pickup a M35 sport and wanted to see if anyone has the April money factor and residuals for 36 months with 15k miles. I'm looking at a M35 sport with Journey & Tech package.
Also, is it possible to get the price down below dealer invoice? I see that there is a dealer holdback of $1239.
I have the exact same quesion as #314. I am looking for the same thing, M35 Sport, Tech. and Journey. Here is my quote so far and I have never leased before:
2006 Infiniti M35 4dr Sedan / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 68% of MSRP – .00086 Base Money Factor Rate 36 mo/15k mi – Residual Value 57% of MSRP – .00132 Base Money Factor Rate 48 mo/15k mi – Residual Value 47% of MSRP – .00215 Base Money Factor Rate 60 mo/15k mi – Residual Value 36% of MSRP – .00234 Base Money Factor Rate
24 mo/12k mi – Residual Value 69% of MSRP – .00086 Base Money Factor Rate 36 mo/12k mi – Residual Value 58% of MSRP – .00132 Base Money Factor Rate 48 mo/12k mi – Residual Value 49% of MSRP – .00215 Base Money Factor Rate 60 mo/12k mi – Residual Value 38% of MSRP – .00234 Base Money Factor Rate
24 mo/15k mi – Residual Value 67% of MSRP – .00089 Base Money Factor Rate 36 mo/15k mi – Residual Value 56% of MSRP – .00132 Base Money Factor Rate 48 mo/15k mi – Residual Value 46% of MSRP – .00202 Base Money Factor Rate 60 mo/15k mi – Residual Value 36% of MSRP – .00233 Base Money Factor Rate
24 mo/12k mi – Residual Value 68% of MSRP – .00089 Base Money Factor Rate 36 mo/12k mi – Residual Value 57% of MSRP – .00132 Base Money Factor Rate 48 mo/12k mi – Residual Value 48% of MSRP – .00202 Base Money Factor Rate 60 mo/12k mi – Residual Value 38% of MSRP – .00233 Base Money Factor Rate
2006 Infiniti M35 4dr Sedan Sport / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 66% of MSRP – .00058 Base Money Factor Rate 36 mo/15k mi – Residual Value 55% of MSRP – .00109 Base Money Factor Rate 48 mo/15k mi – Residual Value 45% of MSRP – .00199 Base Money Factor Rate 60 mo/15k mi – Residual Value 35% of MSRP – .00234 Base Money Factor Rate
24 mo/12k mi – Residual Value 67% of MSRP – .00058 Base Money Factor Rate 36 mo/12k mi – Residual Value 56% of MSRP – .00109 Base Money Factor Rate 48 mo/12k mi – Residual Value 47% of MSRP – .00199 Base Money Factor Rate 60 mo/12k mi – Residual Value 37% of MSRP – .00234 Base Money Factor Rate
2006 Infiniti M45 4dr Sedan / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00144 Base Money Factor Rate 36 mo/15k mi – Residual Value 58% of MSRP – .00133 Base Money Factor Rate 48 mo/15k mi – Residual Value 48% of MSRP – .00214 Base Money Factor Rate 60 mo/15k mi – Residual Value 38% of MSRP – .00236 Base Money Factor Rate
24 mo/12k mi – Residual Value 71% of MSRP – .00144 Base Money Factor Rate 36 mo/12k mi – Residual Value 59% of MSRP – .00133 Base Money Factor Rate 48 mo/12k mi – Residual Value 50% of MSRP – .00214 Base Money Factor Rate 60 mo/12k mi – Residual Value 40% of MSRP – .00236 Base Money Factor Rate
2006 Infiniti M45 4dr Sedan Sport / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 68% of MSRP – .00093 Base Money Factor Rate 36 mo/15k mi – Residual Value 57% of MSRP – .00126 Base Money Factor Rate 48 mo/15k mi – Residual Value 46% of MSRP – .00184 Base Money Factor Rate 60 mo/15k mi – Residual Value 38% of MSRP – .00231 Base Money Factor Rate
24 mo/12k mi – Residual Value 69% of MSRP – .00093 Base Money Factor Rate 36 mo/12k mi – Residual Value 58% of MSRP – .00126 Base Money Factor Rate 48 mo/12k mi – Residual Value 48% of MSRP – .00184 Base Money Factor Rate 60 mo/12k mi – Residual Value 40% of MSRP – .00231 Base Money Factor Rate
Took the plunge on a M35x w/ journey & nav and I think I got a good deal from Douglas Infiniti in NJ. MSRP: $48,940 Cap Cost: &45,150 Term: 39 Mos. @ 10k miles Residual: 57% MF=.00075( I made over 5k in multi security deposits) monthly payment= 510.58 Due @ inception: 8k (multi security deposits) w/no cost cap reductions
I contacted a half dozen dealers for a 36-month/20k-per-year lease. MSRP for M35x with nav, journey, and full-size spare is $49,140. Net agreed price is $44,901 (Invoice + 0). Monthly payment for 36 months is $659.91 (including 6% tax). Dealer asked if he could mention another possible arrangement, i.e., 24 months. I said go right ahead. Turns out that the money factor is lower (.00089 vs. 00132) and the residual is much higher (67% vs. 56%), so the 24-month deal turns out to be better than the 36 month. Monthly payment for 24 months is $646.13 (also including 6% tax). Front money is $1395, including first month's payment, bank fee, title, and registration transfer (from existing vanity plates). I can't imagine a much better deal. Naturally, at least one dealer quoted me numbers that totally ignored the reality and ended up about $125 a month higher. I wouldn't expect him to be moving many cars unless his buyers are unconscious. If anyone is interested, it's a New York area dealer. Very pleasant to work with . . . so far.
it's amazing...yes, the 24 month lease is cheaper. Thanks much for catching something I should have caught.
I also see that someone paid less with multiple security deposits. My local dealer says that infinity leasing doesn't have any money factor reduction for multiple deposits. Does anyone know the truth. I have no problem leaving $5K or so with infinity leasing to reduce my payments.
The price of $45,150 should be about 300 to 600 above invoice. This deal was made due to a 6yr old trade-in that was in excellent condition and I put a good amount down as security deposits which effectively lowered the MF. I also think that they didn't want me going back to Ray Catena in Bridgewater.
Hi! Everyone? I'm new here & have looked some of your conversations with m45 sport which really helped me. I'm in L.A. driving '06 bmw 530i sportpackage since april 2005 and I will send this car back to bmw with LEMON (more than 25 times visiting dealership for repair window, so many electric and break problems,,,,,,,,crazy isn't it?) My attorney has sent a letter to bmw usa last friday. and i'm waiting for the bmw send me the check
On Last Sat test drove the nice looking m45 sport at glendale infiniti,Ca
wow wow
BMW !!!!!!!! Ultimate Driving Machine???????????????? ****Ultimate Driving Machine
**** the BMW !!!!!!
This is it!!! This M is my car!!!
M45 sport was like a bullet. I'll have this super fast m45 sport this or next week. I can not wait to get the check from bmw but I have to. so I will test drive the same car again today.
and
The car i want is this.
2006 Infiniti M45 4dr Sport JOURNEY SPORT PKG REAR DECKLID SPOILER
dealer have offer me this M45 Sport with Journey & Navigation packages spoiler can be added. The MSRP is $54,180 and SPECIAL SALE PRICE is $49,604.
i prefer stone interior color but black i don't want the navigation but it has the one. O.K. It looks like they will give this car to me the invoice price.
1)is this a good offer????? 2)but how do i check this isn't the DEMO car??? I asked, they said NO!!! 3)is this better price with VPP program (i have the car designer friend who works for nissan san diego area)
I have so many question please help me out I'll talk to you M members later!!!!!!!! Thanks for reading my post.
The license $ is bogus. Many dealers use that to add to their margin. Also, the money factor for the 24 month is only .00089 which makes the shorter lease a better deal. You beat the larger maintenance expenses likely in year three: tires, brakes, etc. You should be able to get the net down to no more than $200 above invoice. Check Edmunds.com for the invoice numbers to be sure. There are lots of M35s in dealers' lots now. Do your numbers with the residuals and money factors noted several postings above and figure your prospective lease payment accordingly. Then go to the dealers with the resulting monthly payment and front money. After the shock wears off, one or more will come back to you with numbers that are very close. Then you'll have a deal. Don't accept any of the phony upfront costs.
I am in process of purchasing a M45.. or least decided on the 45 versus the 35, love the power, but does anyone know how much Infiniti charges to buy miles into your lease, using this for company car so need the extra miles, if numbers dont work, I will probably just purchase it.
Thanks.
By the way, anyone whom was leading towards the 45 and chose the 35, like to hear if you regret that.
Hello all. I've been tracking this discussion for a while, finally decided to join in. I just completed a new lease on an M35 with journey, nav, xm, splash guards, and trunk mat with space saver. Decided to go with the space saver because I get quite a bit more trunk space with it. Anyway, the MSRP was 46790 (I believe) and settled on 44000. Invoice of 42,8(and change). With tier 1 credit, 39 month lease, 15K miles with an MF of .oo150, total came to 619.40. That includes local tax here in wichita (7.3) and a 575 dollar acq fee. RV=56%. Not bad I think as the next nearest Infiniti dealer is in Tulsa, over 150 miles away. Didn't fight the acq fee too hard because I was not asked to pay a termination fee, the sec. deposit was waived, no bank fees and no title, registration fees. The car had to come from Lisle near Chicago as this was the only one optioned the way I wanted it in my color. Plus I told them I wanted at home delivery and no stupid dealer decals on the car either! I hate those dealer decals! Oh, and talked 'em into letting me tool around in an FX45 till my car arrived. What fun!! Anyway, whomever posted a msg with the tip of going to carbuyingtips.com is a very good friend of mine now. That site is a must visit to ANYONE interested in leasing a vehicle. The site features a dowloadable spreadsheet so you can run numbers and it was such a great help. I even took my laptop and used it during the negotiating process!! :P I didn't care what they thought, it's my money, right!!? In any case, Thanks to everyone who has posted on this forum, your discussions have been a great help. I look forward to helping out now too. Later...
Thanks for posting all the info. I'm very interested in the name of the dealer. I'm in central nj, and looking for an M35x with the same options and 36 months, 15K.
I too am in Central NJ. I will soon have finished (as of May 21) my 48 month Lease on a 2003 G35, and I am looking at the M35X. I have settled on a Twilight Blue, Wheat Interior with Journey Package, Full Size Spare, Trunk Mat and Painted Splash Guards. The options besides Journey is how the car allegedly "comes" and they are not true options. But I am fine with them. Anyway, my story is long.
I went back to Ray Catena in Edison, where I leased my last car, and where they have been nothing but nice to me for 4 years, including when I was leasing the G35. I had all my numbers with me, including what the salesman I was dealing with told me the money factor and the residual were. I had settled on making my first offer to him $500 below invoice (which, with the holdback and fake doc fees, would still net the dealer a profit). So while talking with this guy on the phone all last week, and exchanging numbers with him, he had told me his opening number was $800 above invoice. I told him that his math must be wrong, because we werent getting the same numbers. Then he told me that I must have been mistaken, that he was using $900 above invoice. Then, when my wife and I went to the dealership last Saturday, he showed me the summary which showed that the price he was quoting me was over a grand above invoice. Not only that, but his cap cost increased because of these "non-optional options" he neglected to tell me about during all of our conversations over the phone.
Anyway, when I gave him my number ($500 below invoice), he got angry, and very moody, and stated, "Am I allowed to make a profit?" Completely unprofessional. I think that they really do despise someone who knows what they are talking about and who comes in prepared. And I mistakenly thought that having the numbers would make this a no hassle process. He then went to get his sales manager, who showed me what I already knew, that my number would give the dealer a $500 loss. He then said the best he could do was invoice, for which I cannot recall the actual monthly payment.
I then asked him about the multiple security deposit program, and he re-did the numbers for me, with a $533.03 payment (39 mos, 15K miles), no money down (except for $4800 security deposit, $555 bank fees, $322 DMV costs and $199 doc fee, and $44 tax - I am an attorney who has some experience in car dealer class actions, I know that this is 95% pure profit, and it sucks). I took his $533 number home to think about, and tried to do some math with his numbers. Something was not adding up. The sales tax he quoted was all wrong.
On Monday morning, I called the salesperson and asked him to explain to me how he calcuated the sales tax. He told me, arrogantly, that "all I had to look at was the monthly payment" and that I should not be concerned with anything else. I told him politely enough that the monthly payment was too high because his method of calculating the sales tax was off. He offered to fax me over a calculation of how they were going to calculate the tax. Wouldn't you know it, he sent me an internal memo on how to calculate sales tax in NJ, and the numbers he used to do it. BUT he used inflated cap cost numbers just to get at the sales tax figure to prove to me that "he was right." I couldn't believe it. Moreover, to calculate sales tax the first thing you start with is the "Finance Fee," which incorporates the cap cost. They even used the cap cost WITH THE SALES TAX INCLUDED (that the calculation was allegedly supposed to figure out). In short, they used the "pre-determined" tax number to "calculate" the tax for me. Nothing but flat out fraud and pure profit to them. Even though it only works out to $50 or so over the course of the lease, it is still fraudulent.
So, I did not call them back and instead called Circle Infiniti in Long Branch, which is close to my home in Marlboro. I spoke with a sales manager who I highly recommend (ask me to e-mail you with his name), who used to be the general manager over at Ray Catena in Edison. I told him the options I wanted (same as Catena) and the money factor and residual I was quoted, and that I thought the tax and overall math was wrong. He said he would get back to me and did within 30 minutes.
He told me the number the sales tax should be (matched my calculations) and told me that the other reason Catena was higher is that they inflated the money factor after they deducted the multiple security deposit. The money factor was .00154, and, for every security deposit you put down (I was doing 8), it should decrease by .0001, making it .00074. Instead, Catena charged me .00079 and was keeping the extra little profit without disclosing it to me.
I told him that I would head down to Circle yesterday evening and talk to him. HIs number was $531, which was actually $78 above invoice (funny how it was less even though they were above invoice - just proving Catena was wrong). I asked if it was negotiable, and he said he had no wiggle room for me. Then I asked him to throw in a couple oil changes and all weather mats, and he said YES.
I called Catena back, spoke directly to the sales manager, and told him how his numbers were incorrect and how I thought I was treated unprofessionaly. He said that computer spits out numbers, and that they were correct, despite the fact that the math, which does not lie, did not work out. He said he was comfortable with the way they treated me, a repeat customer, and I said OK, thank you. What they do not realize is that they not only lost my sale, but my parents' I35 lease is up in a couple months, and they lost another new lease as well.
I went to Circle last night, and got no pressure to sign anything. He is holding the exact car I want, with a VIN number, and not selling it to anybody else. He is even having his Chase rep. come and inspect my car to see if I need to get it fixed before turning it in (Catena sales guy said Chase wouldn't come look at it and I would have to take a chance that they wouldn't charge me).
PLUS, Circle said I could sign the contract before May 1 and start the actual lease on May 10, so that I would have full use of my G35 for as long as possible.
All in all, a great deal and a great car dealership. I never thought as a repeat customer, I would get fraudulent treatment at Catena, especially coming in knowing the numbers.
I worked out the lease numbers for my on-order M35...journey/nav. The 24mo 15k miles works out to $544/mo + tax. If I pay 5 security deposits (loan money to Nissan) that's $2500 and my monthly payment drops to $507. I save $37 plus tax every month. Multiply by the 24 mos of the lease and that means I save $888 over the life of the lease.
Now I could put that $2500 loan in stocks/bonds/bank, but I doubt I could even come close to $888/$2500 or 36%, after taxes on that money over two years. I also save taxes on that extra $37.
As the title says....why don't more people use the multiple security option. When I leased my BMW I gave them 8 deposits because that was the max they would take.
FYI, most folks (the ones on this forum) disagree with deposits, let alone multiple deposits on a lease because on a lease, putting down a lot of money will not put you ahead, in any way, when the lease it up. Furthermore, if the vehicle is totalled or stolen, all that money an individual put down is gone. I, for one, would rather take a little bit of a higher payment and keep all that extra money and use it on a vacation or installing a fence, sprinkler system, whatever. But that is just me and whatever decisions folks make and they're comfortable with is what makes this country great. We all have a choice. One thing I can say, you're gonna have a helluva lot of fun with your M35!!! Congrats on gettin one!!
Putting money down is not a good idea. Putting down a REFUNDABLE security deposit is an excellent idea, since you get the money back at the end of the lease, and, in effect, get a fantastic interest rate you cannot get at any bank. Moreover, unlike money down, should something happen to the car to terminate the lease early, such as theft or totalling, then the security deposit is returned in its entirety. If you have the money to do it, you should make as many security deposits as they will let you.
OK, I thought I understood, but now I'm really confused. I have been dealing with a "broker / fleet sales guy" and am "this close" to the following deal: M35; Journey Package; XM; Handsfree; 36 months/30K miles; $591.00, plus 6% tax (=$626.46); and $900 out of pocket (incl 1st month and tag. NO OTHER COSTS, PERIOD. He said this was based upon a 5% discount off of MSRP. I thought this was a very good deal this afternoon, but now I'm uncertain - is it or can I do much better?? Thanks for the help!!
Hi marker10. If you were to lease a vehicle through Infiniti Financial Services right now you would have to pay its first month's payment, IFS' $550 acquisition fee, and any required state taxes or fees. IFS is waiving its security deposit requirement for this car this month. You even should be able to roll the acquisition fee and any state fees like registration into your car's capitalized cost if you want.
Hi ccec. Wow, 25,000 to 30,000 miles per year is a TON of mileage to put on a leased vehicle. An Infiniti M35 leased with that many miles per year will cost you WAY over $400 a month. I personally would consider leasing something that was more in line with my car allowance if I was in your situation. In fact, I might not even lease at all. You should still be able to take advantage of VPP pricing on a lease if that is the route that you decide to go.
I;m glad that you find this site so informative, cunnikr. If you were to lease a 2006 Infiniti M35 Sedan 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 .00132 and 58%, respectively. Vehicles' residual values are based upon a percentage of their full MSRPs, including destination charges and the MSRPs of any options that can be residualized.
Hey sk534. If you were to lease a 2006 Infiniti M35X through Infiniti Financial Services right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00154 and 55%, respectively. The 36 month program isn't much different, at .00132 and 56%.
Hey, I have an M35 with journey and nav as the major options. While waiting for my car, I was driving an FX45, fully loaded and noticed when it rains the cruise control becomes inoperable when the wipers are placed to low or high. Cruise works with the wipers in the intermittent mode. Does the M35 behave in the same way or is this a feature embedded in the intelligent cruise control system? I know it is probably a safety feature but I go to work very early and traffic is extremely light at that hour here in wichita so when the rain isn't heavy I feel okay to engage the cruise system (for those of you who were going to tell me not to engage cruise when it rains.. ) Anyhow, any insight from you folks would be appreciated. Thx!
I live in the north Jersey area (near GWB) and would like to know the name of the dealer you worked with on your M35x. I currently lease a FX45 which has about 7 months left on the 39 month lease. The dealer contacted me and says I can end my lease early at no cost if I agree to a new lease for the M35x. Their lease numbers don't appear that great, however, especially when I look at the figures being reported on this board. They are offering a M35a that has a msrp of about $50,800 for $695/month (including tax) for 39 months with 15K/year and about $1,500 down to cover first payment, registration, bank fee, etc. (no security deposit). It seems I may be able to do better. Any comments would be appreciated.
Here are the final numbers on my deal. M35x with Nav, Journey, full-size spare. MSRP 49,140.00 Net agreed price 44,864.73 Invoice (according to Edmunds) 44,902.00
Dealer is Competition Infiniti, Smithtown, NY. They claim to be the largest volume dealer in the country. My transaction was very efficient and as promised. The only issue was the charge for tags, which I easily resolved by bringing a printout of the DMV fees for transfer of existing registration and new title. Although I had a roundtrip drive of several hours to pick up the car and go through the delivery process, it was a far better deal than that offered by local dealers, one of which said he would not service the car if I didn't buy it there. That, of course, is contrary to Infiniti's standard procedure, which requires all dealers to service the cars and provide loaners (with reasonable advance notice), regardless of where the cars were acquired. Yes, you can do a lot better than the deal you were offered.
Thanks to info from this forum I was able to get what I think is a great price on a new M35x w/Journey and Tech Packages (MSRP $50,940). It's a 24 month-15K mi/yr lease with $0 additional down (just standard upfront costs) for $595/mo. + 5% MA tax.
Does anyone know the Money Factor and residual for m35x for May?(39 or 36 months/ 15k) Also for M35x, with Journey and Nav, has anyone seen monthly pmts around $599 (39 / 36 months/15k year) with tax in pmts with around $1,500 upfront (including all fees)?
Hi everyone. My lease on my G35 is ending and I'm thinking about doing a lease on a M35 Sport with Journey and Nav. The MSRP is $48,270. Does anyone out there know what the 24 month rate is and the 10K, 12K, and 15k residuals are? Please help because I am in the process of working out a deal with a few local dealers. Can anyone recommend an Infiniti dealer that gives great deals in South Florida? Thanks for your help!
I have an 06 m35 journey/nav on order to arrive when my current lease (BMW 530) expires in late June. I missed the April 07 order window for 07's but I could order an 07 right now in the May window..but that will leave me without one of my cars for a few weeks...figuring that order may, build june, arrive july. I could probably live with that
I'm planning on leasing, if the 24 month 15k rate stays good.
What to do???
1) I suspect that the leasing rate on the 06 will be better than the 07. Is this normally the case?
2) I am a VPP customer, so the "discount" off list will be the same...the 07 will probably cost more for the same features, but on a lease it's pennies.
3) I guess the biggest question is whether the 07 engine changes...no one seems to know.
I know that if I'm going to purchase, I want the 07...and that's an option if I order one right now.
Hello, Could you please provide Infiniti's residual value and money factor for May for a M35 sport model for a 24 or 36 month lease at 12,000 miles. Also, what do you multiply the money factor by to figure out the interest rate it represents??? Thanks.
So, at this point in a model year cycle, and given that there are no substantive changes to the M35 (only rearranging option items into different groupings) is there any inherent financial advantage to snapping up a remaining 2006 or, conversely, any inherent advantage to ordering or waiting for a 2007?
Comments
Thank you
I also modified my deal. 24month lease 12/k 565. per month inc sales tax and I getting a check for $850 to pay for my current leased car.
Hope this helps.
MSRP - $55670
Neg. price - $51036
Lease - 678/month; 17000miles, 39 mos, $1722 out of pocket (fees and first month payment); 55% residual
This will be my 4th Infiniti with this dealer; am going from an owned FX35 to this. How does this deal sound?
Process I followed:
1) Use Edmunds to to research the car you want. Go to the dealerships and test drive them to get a feel.
2) Go to the book store and buy a car buying magazine that has detailed MSRP and Dealer Cost information. You can also buy this online at Consumer Reports where each option is also listed out, not just the car's cost.
3) Using message boards such as this to gather current market knowledge and facts, use Edmunds to send off a detailed quote request to local dealership's internet divisions. Also look for others online as Edmunds doesn't list all local dealerships. The internet dealers know you have done your homework and are the most willing to sell cars at x amount over dealer invoice.
4)Use the lease calculator attached (http://storeandserve.com/download/175464/Lease Calc Final - Share.xls.h- tml)(go to the link, hit download on the right middle, then scroll down to bottom on the next page and scroll down to click on file) to test the numbers and options to ensure you are not getting screwed. No offense to CarMan, but I tried the lease calculator here on the site and even bought one online. Both were junk, so I had a genius at my work use the formula's to make a new one and he got within 1/2 cent (rounding) of dealership quotes. This calculator allows you to change the Cap Cost, Residual, Money Factor to run different scenarios. It does not take taxes into consideration as each state does this differently.
Emailed it to myself and check the numbers on the dealer's computer - knowing I had that made my final buying experience quick and easy.
Enjoy!
5) The deal:
2006 M45 Umbria Grey with Journey/Technology Package/Sirius/Full Size Spare
MSRP: $58,190
Cost: $53,487 ($500 over dealer invoice)
36 Month Lease
Residual 57%
Money Factor .000126
Total Cost $689.57 + $56.89 Tax = $746.46
Love my car!
- FYI these were the March Rates - not sure about April
- I'm in the Bay Area and bought at Frontier Infiniti in San Jose - great to deal with.
I'm looking for Mf and residual on an 06 M35x w/journey, nav, and full spare for 36 mos. and 10-12k miles. In lieu of a down payment I would also like to know how much money in additional security deposits may have any effect on the MF.
MSRP:$49,020
Cap Cost:$45,305
Tax: 6%
Thanks in advance
M35x, Liquid Platinum, Tech, Journey, Aero, Sirius, Tints, Full Size Spare
MSRP $52740
My Price $48003 (VPP price)
Invoice $47900
MF .00154
Residual 57%
39 months
10K miles per year
$1815 down
$627 per month (includes 7.525% sales tax and all other fees)
Also, is it possible to get the price down below dealer invoice? I see that there is a dealer holdback of $1239.
Price: $46,613
MF(rate): 1.09
Residual: 55%
Term: 36 months
Miles: 15K
Money Down: $1617
Payment: $662
Let me know what you think?
2006 Infiniti M35 4dr Sedan / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 68% of MSRP – .00086 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00132 Base Money Factor Rate
48 mo/15k mi – Residual Value 47% of MSRP – .00215 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00234 Base Money Factor Rate
24 mo/12k mi – Residual Value 69% of MSRP – .00086 Base Money Factor Rate
36 mo/12k mi – Residual Value 58% of MSRP – .00132 Base Money Factor Rate
48 mo/12k mi – Residual Value 49% of MSRP – .00215 Base Money Factor Rate
60 mo/12k mi – Residual Value 38% of MSRP – .00234 Base Money Factor Rate
2006 Infiniti M35 4dr Sedan AWD / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 67% of MSRP – .00089 Base Money Factor Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00132 Base Money Factor Rate
48 mo/15k mi – Residual Value 46% of MSRP – .00202 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00233 Base Money Factor Rate
24 mo/12k mi – Residual Value 68% of MSRP – .00089 Base Money Factor Rate
36 mo/12k mi – Residual Value 57% of MSRP – .00132 Base Money Factor Rate
48 mo/12k mi – Residual Value 48% of MSRP – .00202 Base Money Factor Rate
60 mo/12k mi – Residual Value 38% of MSRP – .00233 Base Money Factor Rate
2006 Infiniti M35 4dr Sedan Sport / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 66% of MSRP – .00058 Base Money Factor Rate
36 mo/15k mi – Residual Value 55% of MSRP – .00109 Base Money Factor Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00199 Base Money Factor Rate
60 mo/15k mi – Residual Value 35% of MSRP – .00234 Base Money Factor Rate
24 mo/12k mi – Residual Value 67% of MSRP – .00058 Base Money Factor Rate
36 mo/12k mi – Residual Value 56% of MSRP – .00109 Base Money Factor Rate
48 mo/12k mi – Residual Value 47% of MSRP – .00199 Base Money Factor Rate
60 mo/12k mi – Residual Value 37% of MSRP – .00234 Base Money Factor Rate
2006 Infiniti M45 4dr Sedan / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00144 Base Money Factor Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00133 Base Money Factor Rate
48 mo/15k mi – Residual Value 48% of MSRP – .00214 Base Money Factor Rate
60 mo/15k mi – Residual Value 38% of MSRP – .00236 Base Money Factor Rate
24 mo/12k mi – Residual Value 71% of MSRP – .00144 Base Money Factor Rate
36 mo/12k mi – Residual Value 59% of MSRP – .00133 Base Money Factor Rate
48 mo/12k mi – Residual Value 50% of MSRP – .00214 Base Money Factor Rate
60 mo/12k mi – Residual Value 40% of MSRP – .00236 Base Money Factor Rate
2006 Infiniti M45 4dr Sedan Sport / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 68% of MSRP – .00093 Base Money Factor Rate
36 mo/15k mi – Residual Value 57% of MSRP – .00126 Base Money Factor Rate
48 mo/15k mi – Residual Value 46% of MSRP – .00184 Base Money Factor Rate
60 mo/15k mi – Residual Value 38% of MSRP – .00231 Base Money Factor Rate
24 mo/12k mi – Residual Value 69% of MSRP – .00093 Base Money Factor Rate
36 mo/12k mi – Residual Value 58% of MSRP – .00126 Base Money Factor Rate
48 mo/12k mi – Residual Value 48% of MSRP – .00184 Base Money Factor Rate
60 mo/12k mi – Residual Value 40% of MSRP – .00231 Base Money Factor Rate
MSRP: $48,940
Cap Cost: &45,150
Term: 39 Mos. @ 10k miles
Residual: 57%
MF=.00075( I made over 5k in multi security deposits)
monthly payment= 510.58
Due @ inception: 8k (multi security deposits) w/no cost cap reductions
If anyone is interested, it's a New York area dealer. Very pleasant to work with . . . so far.
I also see that someone paid less with multiple security deposits. My local dealer says that infinity leasing doesn't have any money factor reduction for multiple deposits. Does anyone know the truth. I have no problem leaving $5K or so with infinity leasing to reduce my payments.
I'm new here & have looked some of your conversations with m45 sport which
really helped me.
I'm in L.A.
driving '06 bmw 530i sportpackage since april 2005
and I will send this car back to bmw with LEMON
(more than 25 times visiting dealership for repair window, so many electric and break problems,,,,,,,,crazy isn't it?)
My attorney has sent a letter to bmw usa last friday.
and i'm waiting for the bmw send me the check
On Last Sat
test drove the nice looking m45 sport at glendale infiniti,Ca
wow
wow
BMW !!!!!!!!
Ultimate Driving Machine????????????????
****Ultimate Driving Machine
**** the BMW !!!!!!
This is it!!!
This M is my car!!!
M45 sport was like a bullet.
I'll have this super fast m45 sport this or next week.
I can not wait to get the check from bmw
but I have to.
so I will test drive the same car again today.
and
The car i want is this.
2006 Infiniti M45 4dr Sport
JOURNEY SPORT PKG
REAR DECKLID SPOILER
dealer have offer me this
M45 Sport with Journey & Navigation packages
spoiler can be added.
The MSRP is $54,180 and SPECIAL SALE PRICE is $49,604.
i prefer stone interior color but black
i don't want the navigation but it has the one.
O.K.
It looks like they will give this car to me the invoice price.
1)is this a good offer?????
2)but how do i check this isn't the DEMO car???
I asked, they said NO!!!
3)is this better price with VPP program (i have the car designer friend who
works for nissan san diego area)
I have so many question
please help me out
I'll talk to you M members later!!!!!!!!
Thanks for reading my post.
M35
Journey
Tech
Cap Cost: $44,720
Cap Reduction: $1598.51
Net Cap: $43,121.49
RV: 57% $27,656.40
Total Depriciation: $15,465.09
Depreciation: $429.59
Rent: $92.43
Sub: $523.02
Tax: $45.76
Total: $568.78
Cash on Delivery: $1669.52 (Lic. $354, Advanced $568.78, bank $550)
Rate: 1.320
Term: 36 Month
DEAL OR NO DEAL!!!!??
I am in process of purchasing a M45.. or least decided on the 45 versus the 35, love the power, but does anyone know how much Infiniti charges to buy miles into your lease, using this for company car so need the extra miles, if numbers dont work, I will probably just purchase it.
Thanks.
By the way, anyone whom was leading towards the 45 and chose the 35, like to hear if you regret that.
Where did he get these?
Is there a site I can go to and get this info on other makes and models?
I went back to Ray Catena in Edison, where I leased my last car, and where they have been nothing but nice to me for 4 years, including when I was leasing the G35. I had all my numbers with me, including what the salesman I was dealing with told me the money factor and the residual were. I had settled on making my first offer to him $500 below invoice (which, with the holdback and fake doc fees, would still net the dealer a profit). So while talking with this guy on the phone all last week, and exchanging numbers with him, he had told me his opening number was $800 above invoice. I told him that his math must be wrong, because we werent getting the same numbers. Then he told me that I must have been mistaken, that he was using $900 above invoice. Then, when my wife and I went to the dealership last Saturday, he showed me the summary which showed that the price he was quoting me was over a grand above invoice. Not only that, but his cap cost increased because of these "non-optional options" he neglected to tell me about during all of our conversations over the phone.
Anyway, when I gave him my number ($500 below invoice), he got angry, and very moody, and stated, "Am I allowed to make a profit?" Completely unprofessional. I think that they really do despise someone who knows what they are talking about and who comes in prepared. And I mistakenly thought that having the numbers would make this a no hassle process. He then went to get his sales manager, who showed me what I already knew, that my number would give the dealer a $500 loss. He then said the best he could do was invoice, for which I cannot recall the actual monthly payment.
I then asked him about the multiple security deposit program, and he re-did the numbers for me, with a $533.03 payment (39 mos, 15K miles), no money down (except for $4800 security deposit, $555 bank fees, $322 DMV costs and $199 doc fee, and $44 tax - I am an attorney who has some experience in car dealer class actions, I know that this is 95% pure profit, and it sucks). I took his $533 number home to think about, and tried to do some math with his numbers. Something was not adding up. The sales tax he quoted was all wrong.
On Monday morning, I called the salesperson and asked him to explain to me how he calcuated the sales tax. He told me, arrogantly, that "all I had to look at was the monthly payment" and that I should not be concerned with anything else. I told him politely enough that the monthly payment was too high because his method of calculating the sales tax was off. He offered to fax me over a calculation of how they were going to calculate the tax. Wouldn't you know it, he sent me an internal memo on how to calculate sales tax in NJ, and the numbers he used to do it. BUT he used inflated cap cost numbers just to get at the sales tax figure to prove to me that "he was right." I couldn't believe it. Moreover, to calculate sales tax the first thing you start with is the "Finance Fee," which incorporates the cap cost. They even used the cap cost WITH THE SALES TAX INCLUDED (that the calculation was allegedly supposed to figure out). In short, they used the "pre-determined" tax number to "calculate" the tax for me. Nothing but flat out fraud and pure profit to them. Even though it only works out to $50 or so over the course of the lease, it is still fraudulent.
So, I did not call them back and instead called Circle Infiniti in Long Branch, which is close to my home in Marlboro. I spoke with a sales manager who I highly recommend (ask me to e-mail you with his name), who used to be the general manager over at Ray Catena in Edison. I told him the options I wanted (same as Catena) and the money factor and residual I was quoted, and that I thought the tax and overall math was wrong. He said he would get back to me and did within 30 minutes.
He told me the number the sales tax should be (matched my calculations) and told me that the other reason Catena was higher is that they inflated the money factor after they deducted the multiple security deposit. The money factor was .00154, and, for every security deposit you put down (I was doing 8), it should decrease by .0001, making it .00074. Instead, Catena charged me .00079 and was keeping the extra little profit without disclosing it to me.
I told him that I would head down to Circle yesterday evening and talk to him. HIs number was $531, which was actually $78 above invoice (funny how it was less even though they were above invoice - just proving Catena was wrong). I asked if it was negotiable, and he said he had no wiggle room for me. Then I asked him to throw in a couple oil changes and all weather mats, and he said YES.
I called Catena back, spoke directly to the sales manager, and told him how his numbers were incorrect and how I thought I was treated unprofessionaly. He said that computer spits out numbers, and that they were correct, despite the fact that the math, which does not lie, did not work out. He said he was comfortable with the way they treated me, a repeat customer, and I said OK, thank you. What they do not realize is that they not only lost my sale, but my parents' I35 lease is up in a couple months, and they lost another new lease as well.
I went to Circle last night, and got no pressure to sign anything. He is holding the exact car I want, with a VIN number, and not selling it to anybody else. He is even having his Chase rep. come and inspect my car to see if I need to get it fixed before turning it in (Catena sales guy said Chase wouldn't come look at it and I would have to take a chance that they wouldn't charge me).
PLUS, Circle said I could sign the contract before May 1 and start the actual lease on May 10, so that I would have full use of my G35 for as long as possible.
All in all, a great deal and a great car dealership. I never thought as a repeat customer, I would get fraudulent treatment at Catena, especially coming in knowing the numbers.
Any questions, ask away.
Now I could put that $2500 loan in stocks/bonds/bank, but I doubt I could even come close to $888/$2500 or 36%, after taxes on that money over two years. I also save taxes on that extra $37.
As the title says....why don't more people use the multiple security option. When I leased my BMW I gave them 8 deposits because that was the max they would take.
What am I missing??
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Ps: it hasn't rained since I have had the M.
I live in the north Jersey area (near GWB) and would like to know the name of the dealer you worked with on your M35x. I currently lease a FX45 which has about 7 months left on the 39 month lease. The dealer contacted me and says I can end my lease early at no cost if I agree to a new lease for the M35x. Their lease numbers don't appear that great, however, especially when I look at the figures being reported on this board. They are offering a M35a that has a msrp of about $50,800 for $695/month (including tax) for 39 months with 15K/year and about $1,500 down to cover first payment, registration, bank fee, etc. (no security deposit). It seems I may be able to do better. Any comments would be appreciated.
MSRP 49,140.00
Net agreed price 44,864.73
Invoice (according to Edmunds) 44,902.00
24 month lease (20K miles) 644.00 (incl. 6% tax)
Initial payment (1st mo., bank, tags) 1,272.00
Dealer is Competition Infiniti, Smithtown, NY. They claim to be the largest volume dealer in the country. My transaction was very efficient and as promised. The only issue was the charge for tags, which I easily resolved by bringing a printout of the DMV fees for transfer of existing registration and new title. Although I had a roundtrip drive of several hours to pick up the car and go through the delivery process, it was a far better deal than that offered by local dealers, one of which said he would not service the car if I didn't buy it there. That, of course, is contrary to Infiniti's standard procedure, which requires all dealers to service the cars and provide loaners (with reasonable advance notice), regardless of where the cars were acquired.
Yes, you can do a lot better than the deal you were offered.
THANK YOU ALL!
Do you know what the residual % and the lease rate was?
Anyone else know for the m35x. I am looking to buy tomorrow.
Thanks,ckisha
Money factor is .00089 (about 2.1%)
Can you provide these data for May for the M35/M45? Also, does anyone know if there is a dealer holdback for the M35/M45?
Thanks in advance.
p
Could you tell me the Residual and Moneyfactor for the Infiniti M35X for 24, 30, and 36 months with 15,000 miles per year?
Thanks,
taxd00d
I'm planning on leasing, if the 24 month 15k rate stays good.
What to do???
1) I suspect that the leasing rate on the 06 will be better than the 07. Is this normally the case?
2) I am a VPP customer, so the "discount" off list will be the same...the 07 will probably cost more for the same features, but on a lease it's pennies.
3) I guess the biggest question is whether the 07 engine changes...no one seems to know.
I know that if I'm going to purchase, I want the 07...and that's an option if I order one right now.
Any thoughts...
thanks
Could you please provide Infiniti's residual value and money factor for May for a M35 sport model for a 24 or 36 month lease at 12,000 miles. Also, what do you multiply the money factor by to figure out the interest rate it represents??? Thanks.
I am scheduled to pick up my M35 Sport with Journey Package, trunk Mat and Mud Guards tomorrow. I am in San Jose, CA.
Invoice: $42,378
Agreed Price: $43,178 ($750 over)
Minimun Down which is: $1,084.68 (1st month, DMV, etc.)
Monthly Payment:$656.22
36 month lease
12k miles/year
I still haven't signed the papers so your quick response would be greatly appreciated.
Many thanks!
Luis