Infiniti M37 M56 Lease Questions

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  • tomy3tomy3 Member Posts: 46
    What is the current MF and corresponding residual%'s for a 36 mo. lease for both 10,000 mi./yr. and 12,000 mi./yr. programs offered by Infiniti on the 2008 M35X?
  • colslickcolslick Member Posts: 29
    Glad to hear the insp went well - mine's in 2 weeks. You mentioned the $500 loyality cash toward new lease. I see a 2K loyality rebate (Edmunds) if you have a current infiniti lease, but no $500 loyality rebate. I have a coupon from Infiniti good only towards $500 for excess wear or miles and no deposit on new lease, but not to be used for rebate on new lease/purchase. Do you know of something other than this coupon? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jeremyw. The fact that you do not plan on leasing another Infiniti should not have much of an impact upon the lease-end process for your car. Infiniti is not allowed to be more critical in its lease-end inspection process just because you decided not to lease another car from them. Of course, the fact that you have decided not to lease another vehicle through Infiniti Financial Services means that you will have to pay its $350 disposition fee.

    Whether you would be better off trading in your car with another dealer instead of repairing it and returning it to IFS at the end of your lease depends upon what its purchase option price is and how much the dealer that you trade it in to is willing to give you for it. Chances are that you will be better off just returning your car to IFS. If I was in your situation, I personally would probably roll the dice with the inspection rather than doing the repairs myself. There is a chance that the excess wear and tear penalty that you will have to pay will be less than the things that you are planning on repairing. You can always see if you can fix the items that get pointed out in the lease-end inspection on your own after it has been done but before you officially return your car.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Alan. Here's the information that you are looking for. Infiniti Financial Services' current buy rate lease money factor and residual value for a 39 month lease of a 2008 M35x with 15,000 miles per year are .00135 and 52%, respectively. The numbers for an otherwise identical 24 month lease are .00084 and 64%, respectively.

    Infiniti has cash incentives on this car this month, so make sure to take advantage of them when negotiating the capitalized cost for your lease. Specifically, it has a $2,000 cash incentive for current Infiniti owners and lessees or a $1,000 "conquest" incentive for current owners and lessees of competitive vehicles.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Djdez, Infiniti Financial Services' April lease program for the 2008 Infiniti M35 appears to be the same as its March program was, but Infiniti introduced new cash incentives on it in April. Specifically, it has a $2,000 cash incentive for current Infiniti owners and lessees or a $1,000 "conquest" incentive for current owners and lessees of competitive vehicles. Make sure to take advantage of these incentives when negotiating the capitalized cost for your lease.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi djdez. I have independently confirmed with dealers that the end date that is listed here on Edmunds.com for this program is correct. The $2,000 loyalty cash that is available on the 2008 M35 right now is scheduled to run through June 30th. Any dealer that tells a consumer otherwise is just trying to create a false sense of urgency in them in an effort to get them to seal their deal as soon as possible.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi random987. I don't know Infiniti Financial Services' specific policy on this matter, but many banks will allow lessees to extend their leases for a little while, often on a month-to-month basis. Place a call directly to IFS and see if they will be willing to work with you. Of course, mentioning that you are waiting for the BMW that you ordered to come in probably won't help matters, so you might as well leave that detail out ;) .

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi djrampage7. Infiniti Financial Services charges a disposition fee of $350 on leases. It will waive this charge for consumers who lease another vehicle through them. In addition to the disposition fee, at the end of your lease you also have to pay any excess mileage or excess wear and tear charges that you are assessed, if any.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings blackknights. I'm glad that you enjoy this site so much. The selling price that you were quoted looks like it might be a little high for my taste. What is the base cap cost for this lease before all of the charges? If I was in the market for an '08 M45 right now, I personally would not want to pay more than $1,000 over dealer invoice, which is really equivalent to $1,000 under invoice once the $2,000 owner loyalty cash incentive that you qualify for is taken into account.

    The money factor that you were quoted on this car looks slightly high. Infiniti Financial Services' current buy rate lease money factor for a 39 month lease of a 2008 M45 AWD is .00124. It would be .00015 higher than that if you opt to have your car's security deposit waived.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tomy3. Here's the information that you're looking for. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Infiniti M35x with 12,000 miles per year are .00117 and 54%, respectively. The money factor for an otherwise identical lease with only 10,000 miles per year would be the same, but the residual value would increase by 1%. When negotiating your lease on this car, make sure to take the new $2,000 owner loyalty incentive or the $1,000 conquest cash incentive to current owners of competitive vehicles (whichever you qualify for) into account.

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  • tomy3tomy3 Member Posts: 46
    Thanks for the info Car_man, you are a wealth of knowledge.
  • jeremywjeremyw Member Posts: 9
    Thanks Car_Man. I checked my original lease docs and it shows that the disposition fee is $0, so I should be good on that point. I've tried to avoid buying tires for my car before the lease end, but I just couldn't make a trade in work without eating too much negative equity in the deal...tires are much cheaper. So, I ordered some cheap Hankook tires for and I'm having them installed tomorrow, $850 total.

    I also talked to a guy at my Infiniti dealer and he said I shouldn't have any problems with the turn in. We looked at the car and he said everything looks great, so I'm rolling the dice with the inspection. The new FX is supposed to hit dealers in June, so I'm going to check it out and see if we can make a deal work on it.

    Thanks again for the advice!
  • colslickcolslick Member Posts: 29
    djrampage7, I have leased 2 infinities (from different dealers) and never paid a termination fee, although if you purchase the vehicle they charge you $150?? Look in box 3 under "other charges" in your contract and it will list a termination fee if you are obligated to pay one, mine have always been 0.
  • finadvfinadv Member Posts: 59
    Thanks Car_man. You certainly help us level the playing field when it comes to buying.

    Alan
  • finadvfinadv Member Posts: 59
    Does anyone know what you need to show to qualify for the $1,000? I'm trying to sell my car privately so I don't get ripped off on the trade in. If I sell it before I buy the M35X, will I then not qualify for the $1,000? Do you need to show a valid title, reg or do you just get the $1,000 no matter what? Anyone have any experience on this?

    Thanks!!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks tomy3. I'm glad that I was able to help you out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, jeremyw.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Alan. I'm glad that I was able to help. Good luck in your quest for a new M35. Make sure to stop back and let us know hoe everything turns out.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    That is a very good question, finadv. If you sell your vehicle privately before you officially lease your new Infiniti I suppose that there is a chance that you would not qualify for the conquest cash because you would no longer technically be the current owner of a competitive model. I have never taken advantage of this sort of offer on an Infiniti so you better check with the dealer to find out exactly what needs to be done. You may have to wait until after your lease to sell your current car.

    Car_man
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  • djdezdjdez Member Posts: 119
    Thanks Car_man - good to see you around here again! Funny thing is - a dealer I was dealing with was trying to tell me I could NOT use the money to take off of the 'selling price', or to lower the cap cost. And, I do qualify for the $2000 as I'm currently leasing an Infiniti through IFS. He said it could be used for my 'down payment' money -- haha - what a joke. I basically told him he can forget dealing with me. Other dealers said they'd let me use it, now it's just a matter of seeing if the money factors improve over the next few months, when my lease ends.

    Thanks again!
  • cabluecablue Member Posts: 48
    What is the MF and residual for the M45/tech? Been offered car at 49,500. Just want to get my facts straight. Would like values for 24/12,000. Any help would be great. MSRP is 54,025. Thanks in advance! :shades:
  • jam550jam550 Member Posts: 12
    Hello all,

    Great insights on this board - I am hoping to just get to the bottom line and have folks list out what I should expect to pay to lease an M35/M35x in Charlotte, NC. I will be looking for the base car with 36 months / 12k miles per year.

    Please let me know what my target cap cost should be when I speak to the dealers. Thanks!
  • creative99creative99 Member Posts: 1
    Hello All,

    I GREATLY appreciate all of your contributions to this forum and wanted to return the favor.

    Just got a new M35S, 24 Month Lease at 623/Mo with 1900 down.
    Cap 43587 (includes 1000 dealer incentive).
    Money factor .00061
    Residual 63% / 30722
    12000 miles
    Payment 622 including 7% sales tax.
    Paid 1900 down... which was ONLY fees and first months payment which included 70 sales tax on the incentive.
    36 months was virtually identical payments, maybe a few dollars less so I went with the shorter lease.

    I LOVE this car!

    Note when leasing    . Force the dealer to ONLY finance the vehicle itself. They will bury their Dealer Fee/ Doc Fee (aka dealer's profit) and possibly Bank Fee in the 'cap cost' if you're not careful and wont tell you about it. This is one of the #1 tricks. If you have only a true net cap with 0 fees included, residual, and money factor, plus you pay down only fees+first month you will easily find out who is giving you the best deal. You shouldn't finance any fees on a lease. When they ask you how much you want to put down. Tell them you want ALL fees broken out and itemized and that is what you will pay up front: 1st Month lease payment, Doc Fee+tax, Bank Fee w/tax, DMV/tags. For premium vehicles with would be in the 2000 ballpark. If possible also get the Invoice for full disclosure.

    Best wishes and keep up the great contributions!
  • madradmadrad Member Posts: 32
    creative99's suggestion about what to finance appears to be at odds with what carman usually tells us, which is to only pay:
    registration fee, state required taxes and the first monthly payment
    Carman, can you comment?

    Also, what are the pros and cons of financing the sales tax as well?

    Carman, when you refer to state required taxes, are you referring to sales taxes?
    Thanks a lot.
    MJC
  • gedalneilgedalneil Member Posts: 20
    I am about to pull the trigger on my third Infiniti, but I need a push.

    2008 M35X / Tech(a)

    $0 Down - Taxes Built in NY / Westchester 8.375% - using current owner discount

    $651 for 39 month lease - $845 at close - taxes built in.

    Give me the thumbs up, and I am doing it.

    Thank you.
  • ghstudioghstudio Member Posts: 972
    When figuring out leases...the only important comparison is the total cost of the lease over the life of the lease....or total lease cost per month. It doesn't matter if the dealer's fees, bank fees etc are bundled in the monthly payments or paid at the beginning for comparing leases. Also, if you are comparing leases between car brands, then make sure you include "multiple security deposits" if they are available since that will reduce the total cost of your lease.

    However, the best way to actually lease is to put no more money down in front than you need to...and that's the first month's lease plus taxes and registration...nothing more. Don't pay any of the fees up front....and certainly don't make a large capital cost reduction up front.
  • madradmadrad Member Posts: 32
    When you say: " and that's the first month's lease plus taxes and registration...nothing more" ...are you referring to state sales tax on the purchase price (capital cost)?

    and if so, why wouldn't you also bundle those dollars into the amount financed?
    Thanks
  • ghstudioghstudio Member Posts: 972
    I understand there are a few states that require the taxes paid up front....and I don't think you can roll them into the lease. If you aren't in those states, then you pay the taxes with each payment.
  • aces47aces47 Member Posts: 1
    I just leased a 2008 M45 Sport...Tech/Advanced Tech/Spoiler

    24 month lease, $750 per month (includes taxes), 12K miles per month
    Drive off was $1275 (no cap reduction)

    Took advantage of current Infiniti $2000 credit to repeat buyers.

    Location: Los Angeles,CA
  • kyfdxkyfdx Moderator Posts: 269,336
    Even with states that require the tax payment upfront, you can still roll it in. The leasing bank pays the tax for you, and adds it to the CAP cost.

    The state gets their money upfront and everyone is happy.. :)

    regards,
    kyfdx

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  • colslickcolslick Member Posts: 29
    Car man, could you let us know what the May MF and residuals are for base M35- 36/15K, Thanks
  • blov8rblov8r Member Posts: 567
    It beats the heck out of a quote I received yesterday from my dealer ... from whom I have leased two Infiniti's in the past.

    Base M35 w/ Nav. MSRP ~ $47K. $2500 up front and $650/ month for 39 months! I'm at the tail end of my last lease on a 2006 M35 w/ Nav, Journey, Tech, and Aero ... MSRP $51K ... $2400 up front with the same monthly and that INCLUDES a $50/month "insurance policy" that covers a new set of tires at lease end, excess wear and tear and body dings, etc. On this thread I learned that my old lease wasn't such a bargain ... this new proposal is downright insulting. Oh, and it supposedly factors in a $2,000 Infiniti loyalty discount. :mad: Bart
  • blov8rblov8r Member Posts: 567
    That lease is far better than the one I was just quoted. Where is your dealer?

    Bart :shades:
  • blov8rblov8r Member Posts: 567
    That's $1700 better up front than what I was just quoted for the base M w/ Nav. Same monthly. Bart :shades:
  • ghstudioghstudio Member Posts: 972
    What is all this talk about "up front" payments. DON"T DO IT!!!! use that money to make multiple security deposits if they are offered in your state and save money.

    Take some time and read this forum....
  • finadvfinadv Member Posts: 59
    Car_Man,

    Can you let me know what the May MFs and residuals are for an M35X, 24mos and 39 mos for 10K miles?

    Thanks!
  • blov8rblov8r Member Posts: 567
    I've read this forum, and I've been in and out of here regularly for three years. Whoever posted that it's the total number of dollars involved, not how things are bundled or unbundled, is the true cost of the lease is pretty much right on. If you put $3600 up out front and pay $500 per month or nothing down and $600 per month your true cost is almost the same ... "almost" because you do lose the ability to earn interest on that $3600 for three years. At a generous 5% yield that's $540 over the term of the lease. When I lease I put the absolute minimum up front ... whatever's required by law ... taxes, tags, etc. And here in AZ the tags are ~ $750. Bart :shades:
  • blov8rblov8r Member Posts: 567
    use that money to make multiple security deposits if they are offered in your state and save money.

    I would, however, like an explanation of the "multiple security deposits" strategy because it doesn't make sense to me as security deposits come back to you at the end of the lease and are nearly always waived here. Or maybe I'm missing a huge point here. Bart :confuse:
  • ghstudioghstudio Member Posts: 972
    Bart...what you are missing is that Infiniti Financial Services will lower your Money Factor by .0001 for each "extra" security deposit (up to 7) you give them. Yes, you get the money back...AND you've paid lower interest during the lease. The amount you save with lower interest on the lease is much higher than you would earn just leaving that amount in your own bank. It's a very good financial deal.

    Don't confuse MSD's with a large down payment....very different animals.
  • blov8rblov8r Member Posts: 567
    Thank you. I do indeed stand "edified". Bart :)
  • madradmadrad Member Posts: 32
    Seriously negotiating now for lease of M45x as follows
    Sticker (incl) gas guzzler tax and freight with tech, adv. tech, mud guards, trunk mat at one Chicago metro area dealer for this combination of options is: $60275

    I was just offered a buy price of $55625 which is about 92% of sticker or $169 over Edmunds "invoice". In general, one would think that's a pretty good price--it's the percentage of sticker I paid on my previous 2006 M35x but that was at the very end of summer and to my knowledge Infiniti was not making money available to dealers to clear out inventory.

    Now, I'm reading in this forum that there is incentive and loyalty money out there from the manufacturer--is it $1000 or $2000? So my question is: does anybody believe that my quoted price can be pushed down further by reminding the seller of that money and that I would want some of it to further lower my sell price (cap acquisition cost).

    Also this dealer is quoting (for 24 months, 10,000 miles/yr) a residual of 62%, money factor of .00001, acquisition fee of $595 and thus lease payment of $908.11
    (out the door $1163.11; no money down...only license, doc, registration fees and first month's payment). State and local sales taxes rolled into cap acquisition cost.

    When asked he said that IFS would NOT reduce the money factor below .00001 using multiple security deposits (he said they would not go "negative"). He also said 62 % residual was set by banks, not IFS.

    I really appreciate all comments, suggestions--especially opinions of forum moderators re the specifics of the deal so far.
    MJC
  • blov8rblov8r Member Posts: 567
    MJC: It's $2,000 loyalty cash for present Infiniti owners. It doesn't apply to ALL of their cars but it does apply to the M. Bart :shades:
  • ghstudioghstudio Member Posts: 972
    The dealer is telling you right.....IFS will not allow the interest to go negative.

    There is $1000 incentive OR $2000 loyalty money. It's very likely the dealer already included this without telling you.

    IFS publishes their own residual rates.....no idea how they set them..doesn't matter.
    As far as I know, the residual rate is not negotiable.
  • madradmadrad Member Posts: 32
    I recently messaged about my deal so far:

    Sticker 60275, buy price of $55625 which is about 92% of sticker or $169 over

    Also this dealer is quoting (for 24 months, 10,000 miles/yr) a residual of 62%, money factor of .00001, acquisition fee of $595 and thus lease payment of $908.11
    (out the door $1163.11; no money down...only license, doc, registration fees and first month's payment). State and local sales taxes rolled into cap acquisition cost

    I specifically questioned the salesperson about the number of zeroes in front of the "1" but the other money factors I see reported here from IFS seem quite a bit higher...am I off on these zeroes?

    Many thanks
  • nycdudenycdude Member Posts: 33
    Your explanation of MSD's makes sense. Unfortunately, they are apparently not available in NY. I have a question nonetheless. What happens to the security deposit(s) if the car is stolen or totalled? We know that any "down payment" is lost, but I've never seen the security deposit addressed.
  • madradmadrad Member Posts: 32
    As an incentive to induce you to lease again with IFS, they offer to pay up to $500 in excess wear and tear charges or excess mileage charges.

    Well, I took very good care of the vehicle and my return inspection (3 weeks before lease end on 5/28) showed ZERO charges for excess wear.

    I've pretty much decided to lease another Infiniti (M45x)...so how can I get IFS to give me some of that money? Perhaps a reduction in the first month's lease? Has this happened to anyone else?

    If they won't, in a way one gets penalized for taking good care of the vehicle.

    Thanks for comments/suggestions.
    MJC
  • finadvfinadv Member Posts: 59
    You are definitely off on the number of zeros. Here's a website to calculate lease payments. http://www.leaseguide.com/calc.htm
    Something is off if you use the numbers that you have. However, it may be okay, depending on the taxes that were added to the cap cost.
  • kyfdxkyfdx Moderator Posts: 269,336
    BMW guys say they can do the MSD thing by buying in NJ, even though they live in NY..

    Technically, your security deposit shouldn't be at risk.. But, once the insurance company and the leasing bank start talking about payoffs, almost anything can happen.. I've yet to hear a definitive "you can never lose that deposit, due to accident".

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  • blov8rblov8r Member Posts: 567
    MJC: Same with me. That $500 is worth $0 when I turn my M35 in next month. 39 month lease, 22K miles when the car comes back to them and not even a minor door ding. I'm in the last 6 weeks of my lease so I suspect there will be no additional inducements coming. On top of that my local dealer made me a "special offer" for my next lease ... a genuine bludgeoning ... materially worse terms than I got in late March of 2005 for a new model in short supply with an MSRP $4K more than the one I'm looking at now and that includes the $2K loyalty incentive! Bart :mad: :shades:
  • ocautoseekerocautoseeker Member Posts: 425
    2008 Infiniti M35 Sedan
    36 Mo – Residual 50% – .00082

    2008 Infiniti M35X AWD Sedan
    36 Mo – Residual 51% – .00070

    Based on 15k annual miles.
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