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Infiniti M37 M56 Lease Questions

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Comments

  • Hey madrad. Infiniti Financial Services' May buy rate lease money factor and residual value for a 24 month lease of a 2008 Infiniti M45x with 15,000 miles per year are .00001 (that's as good as it gets) and 61%, respectively. When negotiating your lease on this ca, make sure to take advantage of the $2,000 loyalty or $1,000 conquest cash that is currently available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • ghstudioghstudio Posts: 970
    my M35 lease is up next month....My dealer gave me a 24 mo 12K lease quote of around $650 to lease the 08 M35/tech...about $75 more than my current payment. The residual on an M35 is now 62% on a 24 mos lease.

    So I started to think about alternatives...after all, I leased the M for 24 mos because I like change. The 08 M35 is almost exactly like my 06 M (newer nav and a passenger seat that adjusts..that's it).

    I woke up this am realizing I hadn't really looked at the G....larger engine, slightly lighter car (economy?)...so I went to take a look. Did not drive one (my salesman's day off)..but I did price one out on a lease. Using MSD's, I can lease a G35 with almost every feature for $100 less than my current M....because even though the MF is higher (which I buy down with MSD's), the 24 mo 12K residual is 70%....yes...SEVENTY PERCENT. That's unheard of...and by the way the residual on the G37 for those of you who can live with a 2 dr car is even higher. These are incredibly good deals.....

    The G even has a few features over the M that are actually important to me. One is the sports seats where the bottom cushion can be extended to support my long legs...and retracted so my much shorter wife is comfortable..and it does that on both driver and passenger sides. The other is paddle shifters which should be fun on an engine that's more powerful than the M's on a lighter car.

    I give up some seat room...but there's enough room for two if I'm not driving across country.

    I think my search has ended.....I'll drive one tomorrow.
  • blov8rblov8r Posts: 567
    Excellent deal. I've had quotes from two different dealers of ~ $2500 up front and > $600 per month for 39 months! I would jump all over the deal you have been offered. Bart :shades:
  • kimokakakimokaka Posts: 2
    hey carman,

    What are the money factors and residuals on the M35x with 10K for 36 and 39 months for May. I've seen a couple different numbers.
    Thanks
  • 2confused22confused2 Posts: 5
    What is the current residual and MF for a M35:

    12K 39 mos
    10K 39 mos

    Thanks.
  • Still contemplating,

    I've got an offer to buy a 2007 new m35 sport black and black with nav/ tech package for $40,000 (good deal)? or would I be able to get it lower. it would be financed with money down
    The 2008 m35 would be a lease for 24 or 36 mth around 650 to 750 per month.

    the 2008 m35 offers the nav tech package as well.

    anyone suggestions.
    is this a car for the long run or short run.
    I see many of them seem to lease it and then return it.
    is it better to lease or get get it financed and buy the car.
    any suggestions or opinions would help.
  • ocautoseekerocautoseeker Posts: 425
    kimokaka,

    M35x for the terms you requested are as follows for the month of May:

    36M - Residual 54% - .00070
    39M - Residual 53% - .00091

    Based on 10k annual miles.

    * Rates may vary by region.
  • ocautoseekerocautoseeker Posts: 425
    2confused2,

    Here are the numbers for the terms you requested:

    M35

    39M / 10k - Residual 52% - .00104
    39M / 12k - Residual 51% - .00104

    * Rates may vary by region.
  • ghstudioghstudio Posts: 970
    The 2007 and 2008 are almost exactly the same car with some changes in the navigation system. Dealers are asking 34000 for 2006's that are back from lease.....so a 2007 is probably a 38000 car. If you are leasing, it doesn't matter which one you get...get the cheaper one (total cost not monthly cost). If you are considering purchasing at the end of the lease, get the 2008 car...and just forget the 2007 one.

    I will bet that the 2008 actually leases for less total cost over the life of the lease than the 2007.....there is $1000 that infiniti throws in as a capital cost reduction....and I have no idea what the lease of a 2007 would be...if you get a quote, please post it here..I'd like to see the money factor and residual on a 2007 leased today.

    Please Please focus on the total cost of the lease..not the monthly payments. Make no capital cost reduction of your own. Then compare the total costs.
  • blov8rblov8r Posts: 567
    If I were buying and planning to keep the car for a lonnnnnnnng time I would get the '07 because the cost is materially lower ... and significantly lower than the difference in model year value five or so years down the road. The '07 that you're describing is essentially the '06 I have that lists ~ $50K so you're getting ~ 20% off msrp. To make sense of the best option I would recommend looking at resale values of comparable cars five years old. The '07 and '08 are essentially identical cars so there's no upside to one v. the other ... with the exception of your amortized cost over the expected life of ownership. Bart :shades:
  • Here is the deal I recently got on an M45x with Tech, Adv Tech, Splash Guards and Trunk Mat:

    MSRP: $60,275
    Vehicle Cost: $54,409 (includes $2,000 Infiniti lease incentive)
    Cap Cost: $57,208 (includes doc fee and NJ sales tax)
    Monthly PMT: $734
    OOP: $1,400 (includes first month and DMV)

    Great car!
  • blov8rblov8r Posts: 567
    my M35 lease is up next month....My dealer gave me a 24 mo 12K lease quote of around $650 to lease the 08 M35/tech...about $75 more than my current payment. The residual on an M35 is now 62% on a 24 mos lease.

    So I started to think about alternatives...after all, I leased the M for 24 mos because I like change. The 08 M35 is almost exactly like my 06 M (newer nav and a passenger seat that adjusts..that's it).


    ghstudio: Seems you and I leased the same car in April of 2005 and are getting identical quotes now to move up. I'm frankly surprised that an M with a $4K lower msrp now (fewer options) and $2K loyalty bonus is going to cost me MORE than my current lease! :( My M hasn't hit 22K miles yet so there's a good chance I'll buy it off the lease rather than start anew. Bart :shades:
  • lengelberglengelberg Posts: 6
    You should be able to do better. We just returned our 2006 M35x and leased a 2008 M35x with tech and xenons--$619/mo for 24 months, 15K miles, and 790 down (1st payment, and sales tax on $2000 loyalty cash), including NY sales tax in payment.
  • djdezdjdez Posts: 100
    I'm in the same boat as you guys. My M35x lease is up at the end of June (well, it matures the first week of July, but the last payment will be made in a few weeks).

    I did the 21 month lease and only have (yikes!) 14650 miles on the car. I hate to give it back, but the payoff is just too high as the residual was like 72% on the original lease and the MF was .00006. As a result, I have a really low monthly payment at $525/month.

    Also, I've been getting the same story on leasing an '08 - around $100 or more per month. Ummm, I don't think so. Not to mention that I now have to add the Xenon Pkg and Tech package to keep most of the features that I have now, bringing the car to over $50k MSRP ...

    With May's new MF, the price dropped around $30/month, but to be anywhere close to what I'm paying, a dealer would have to apply the $2000 loyalty back of invoice and then go another $1000 below invoice - so the net result would be a selling price/cap cost of $3000 below invoice. That would bring me in around $510/month, and I DOUBT that is gonna happen ...

    Gonna go drive the G and look to be somewhere in the mid $400's - which CAN be possible ... I think.
  • nkodreamnkodream Posts: 1
    Hi there...first time on site and had a few more questions on your deal....

    How many months was your lease deal for and how many miles?

    Were you familiar with the national ad Infiniti is running? Sounds like you may have done better than the ad???

    Thanks!
  • Good question, key information:

    39 months/10K per year

    I did not see the national add, what were the terms?
  • tklein2tklein2 Posts: 3
    Which Infiniti models allow either or the, $2000 loyalty cash or the $1000 conquest? For the $1000 conquest .... what kind of vehicles do you need to own to qualify for the conquest?
  • blov8rblov8r Posts: 567
    The $2K loyalty credit applies to the QX, the M, and the new crossover . It does not apply to either of the G's or the old FX . Bart :shades:
  • blov8rblov8r Posts: 567
    lengelberg: I agree with you but none of the Infiniti dealers in AZ are willing to budge and if they don't I won't be driving another M after July 4. My lease is done on July 5 and I'm hoping that either Memorial Day or July 4 "sales" will push the numbers down. If not I'll not be leasing my third Infiniti. The cars have been stunningly good, the service superb, the convenience can't be beaten ... but when I perceive myself as paying more for less I will go elsewhere. There are plenty of nice cars out there at significantly more competitive rates and I can be happy with most of them. Bart :( :shades:
  • ghstudioghstudio Posts: 970
    blov84....get the lease price on the 35X....you will save $50 a month on your lease cost due to the MF/residuals. The non X is more expensive to lease, even though it is a less expensive car.

    BTW...I was quoted about $485 for a G35/tech/nav 12K 24mo lease..no money down. I don't remember if it included MSD's. It's a price performer, but not as nice a car...
  • ltcadviserltcadviser Posts: 38
    I leased an m35 sport with journey and tech in July 2006. I paid $300 upfront out of pocket, and leased for 24 months and 15K miles a year. My pmt was about $612 + tax. I believe this was a good deal at the time.

    Now I asked a dealer for a quote on a 2008 m35 sport with tech and advanced tech....he hit me at $610+ tax with about $1300 out of pocket. With the $2000 loyalty money why am I coming up with $1000 more out of pocket? He tried to tell me the car was a $1300 loser on the books already, and he wouldn't go lower. I explained to him that ownership "packs" the computer with higher internal cost to have the sales people believe the dealer ship is "losing money" to make them stronger negotiators. (I was in the business years ago...man, they love to keep the sales force dumb)...

    anyway, what would be a ballbuster lease for an M35 Sport, tech and advanced tech, MSRP is about $52000; 24 months, 15K yr; 1st pmt only upfront. I gotta believe I can get this deal for $575 + tax. It seems like everyone can get the $610+ tax deal with inceptions upfront. I like to think I am special. What would a real special deal be? The kind of deal where the manager has to beg you to come back in deal....
  • ghstudioghstudio Posts: 970
    $575 plus tax....with $575 and title/registration fees for the first month. That leaves the dealer with about $1000 profit after applying the $2000 to the deal.....

    The dealers just love saying..."we'll sell you the car at invoice"...which of course means "we'd be glad to sell you the car (and make the $2000 conquest money plus the administrative fee as our profit)u. Split the $1000 with them....and then refuse pay the "administrative fee"...just give them $1000 profit.

    You were in the industry....but here's how I would do it. I would walk in..find my salesman and say let's sit down with the sales manager or whoever can approve a lease deal. (of course, if the salesman tells you they don't work that way, just walk over to the sales manager's office and walk in...that gets their attention).... Do not waste time by dealing with just the salesman....make them sit together. The idea is that you control the meeting, you control the time, etc. Then I would offer the following deal: I'll give you $1000 over the invoice price reduced, of course, by the $2000 conquest money...so my capitalized cost will actually be $1000 under the printed invoice plus the origination fee ($595).....Let's calculate the payment using the Infiniti finance MF and residual. No money down, I'll give you the first month's payment plus title/registration at the start of the lease. As you know, they will immediately say they can't waive the "administrative fee"....so my response would be: I guess you can split the $1000 any way you want". Then I would stop talking.....say nothing....just wait as long as it takes for them to say something...(you maintain control this way). After they explain that they can't do it for whatever reason they think up...observe that they sure have a lot of M35's on the lot, they don't get great gas mileage, gas is up close to $4 a gallon and the 09's are coming pretty soon. You are ready to sign if they would like to have one less M35 on their lot. Be prepared to get up and head for the door after telling them to call you if they can make the deal happen. You know all this, of course....

    And of course, you just ignore that window sticker with the dealer installed stuff: the "protective coating", "leather preservative package" or the latest one I've seen: "nitrogen filled tires $295)" (our local mercedes dealer has that on every car)....

    Hey...if this works, let me know...I might just use it (just kidding).

    You actually could get a much better deal on a 35x....of course without the sports package.....the residual is higher.
  • ltcadviserltcadviser Posts: 38
    I agree. I never deal with the salesmen. I generally call my contacts in the industry and get referred in to the GM or GSM. I never offer any profit actually. I always ask for invoice minus incentives minus holdback minus administrative doc fees minus any retro money that they will receive if the dealership hits their number for the month. This immediately frames the conversation from the net net bottom. I figure it worked two years ago. The MSRP was $51,000. My cap cost was $45,000. I only paid $300 upfront for transporting the car from North Carolina. There was no dealer money at the time.

    After I get my shopping numbers,I will go back to the same GM this time, but I won't let my guard down just because he sold me one car aggressively before. I will shop him again. I figure with the incentive money I should really be at $535+ tax for an M35 Sport with Tech and Advanced Tech packages if I am paying the acquisition fee and 1st pmt. They can bite me for the doc fee. That is just pure padded profit. In 1995 our doc fee was $99.00. We raised the fee every 6 mos. to 12 mos until we realized people would pay $499. I always felt guilty charging the doc fee. Our dealershiop even got sued because our ad prices said the price + tax tag and title. No doc fee mentioned. If a customer ever brought it up we would waivei.e. "back out" the doc fee if the customer was on the ad car. Dealerships today act like your supid when you tell them the doc fee is their profit. They always say "profit" is not a dirty word.
  • ram60ram60 Posts: 20
    GHStudio, Et Al

    I just came out of a 24 mth lease on an 06 M45 sport tech. like many folks I am now finding even an M35 is leasing about $100.00 higher than my previous deal
    ( The M45 was $499.99 base and $34.93 tax).

    I have an offer on the table for the following:

    M35 Sport / Tech
    MSRP $50,105.00
    Sales Price ( supposedly invoice) $45,714.00
    Residual % 61
    M.F. .00028
    Term 24 mth
    Miles / yr 15 K

    Even with 2K in Loyality cap reduction , 2 MSD's and assuming for the moment $595 bank fee and $498 Doc Fee I end up with:

    New payment 08 M35 $596.29 and $41.75 tx for a total payment of $638.24

    Am I doing the math correctly?

    If so is the residual decrease the primary factor in the payment increase?

    Thanks in advance for the help/

    Cheers,
  • ltcadviserltcadviser Posts: 38
    Never seen an M35x in Atlanta. No need for all wheel drive down here.

    And yes I know the game all too well after being in F& I, on the desk, and holding the sales record of selling 46 cars in one month when I worked the floor.

    The game is a damn waste of everybody's time, and because I know it so well it is all the more frustrating.

    I have never bought a car through a salesperson in my life. The salesperson ends up just getting the car washed after the manager gives him the house deal.

    I called IFS and extended my lease 90 days until October. It should be interesting to see the incentives then...The residuals will be lower, but there should be at least another $1000 incentive on the car plus ridiculously low MFs
  • ghstudioghstudio Posts: 970
    ram60....in a word...yes, it's the reduced residual...your MF was probably just as low in 06 as it is now.

    ltcadvisor: I am also thinking about extending my lease...but I don't think it will get very much better. If I extend, it's to see if the 09 mercedes c350 becomes a 305hp car..or to see if the jaguar XF price/lease becomes affordable (I love that car)...or to see the new FX or maybe the 2009 M will appear with a new transmission. On the other hand, there are some big changes coming in 2010 and maybe the best option is to lease another M for 24 mos and position for the 2010's....tough call. Of course if the lease on the 06 is less than a new 08...why not pay the lower price for a few more months....
  • colslickcolslick Posts: 29
    Amen! ghstudio
    I'm turning in 06 M35 and extended a month to see if May would improve things and bring me happiness - wrong. I'm dealing for invoice and the 3% May residual reduction ( I use msd so MF no impact) increased mo payment by $63.69. Even if they throw another 1K onto the current 2K w/ same lease factors in Jun it won't = the Apr payment (but would lower that $63.69 increase by $50.)I had 70% MF in 06 (21 mos) and at that time the 24 mo was 65%. Also considering the poor gas mileage I get the other carI'm looking at would save me $43.per mo @ $4/gal. We were lucky in 06, M35 has met reality, although when I sit in it I feel like I in a vintage Chris Craft and hate to part with it. Good luck with your decision.
  • ltcadviserltcadviser Posts: 38
    I extended my lease from July to October because I felt to have my lease expire in the fall for years to come will be more advantageous than in the middle of the summer. First of all, many new cars are released in the fall, so you either can get a great deal on yesterday's news, or you can opt for the brand new release and stay current. Also, with summer vacations in June and July every year, i just don't want to deal with feeling pressure to make a buying decision when I would rather relax with the family.

    It will be interesting to see if Jaguar has good deals on the XF. It is a sweet car, but I am 6'5" and don't fit too well in it. I don't think you can get into the XF for $600/mo. with no money down though. I don't think there are any cars with an MSRP of 52K that you can lease as well as the M. If anybody knows of any other cars, I would like to know. I love the M, though. Just pi$$ed that I can't get Sirius radio anymore to listen to the NFL games.
  • rspier01rspier01 Posts: 1
    We are looking to lease a new m35x. If you lease a car with 12k miles and the lease is for 39 mos, do you get 36k miles or 39k miles for the life of the lease?
    Thanks
  • ghstudioghstudio Posts: 970
    12K is the number of miles you get per 12 months....or 1000 miles per month. Multiply 1000 times the number of months of the lease.....
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