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Comments
24 Mo – Residual 66% – .00048
39 Mo – Residual 53% – .00091
Assumes 10k annual miles.
Thanks,
MJC
I think armed with this info and the lower MFs this month, I'm ready to pull the trigger. I'm going to try the checkbook.org service for leases mentioned on this site.
M35awd - tech package , xenon lights, 12000 miles
Is this a good deal somebody please help. Thanks
I wonder if there are any 4wd cars in Florida for me to lease.....
It's also a good lesson....you have to check alternatives before you lease a car. For example, if you want to lease a mercedes E350, you will find ihat right now, it costs far less each month to lease it for 24 months than for 36 months....and then you have to check out the 4matic and the 320i as well. Actually, the 4matic may also be cheaper than the 2wd cars. winter's over...who's going to buy a 2008 4wd vehicle.... so why not lease one.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Who needs to tie up all that money to save 2 % interest on a short term lease? I mean c'mon, you are financing like $20,000 over 2 years. It is PEANUTS. God, spend more energy negotiating the deal down $400 bucks, then letting a dealership hold your money for 2 years while they can invest it and make more than 2 %. It is very short sighted. Especially if someone is leasing every 2-3 years and doing this stupid exercise over and over again, never having the money actually work for them in investable assets capturing 6-10%.
Payment for the base case is: $569.93
Payment for the second case is: $540.03
Savings per month is: $20.90...of for the life of the lease 24 mos, you save $501.60 (24x20.90)...remember everything else is the same...
You loan Infiniti credit 2400 (4 security deposits of $600 each) for two years (which you get back) and you saved $501.60 over those two years.
Let's forget compounding....you saved $250 each year....and that's 10% of the $2400 you tied up. That's a very good return....
Think of it this way....you could forget the Multiple security deposits and put that same $2400 in a CD for 2 years. At the end of the two years you would have approx $2550 (about 3% per year) in your pocket...and you would have paid 569.93 every month because you didn't use MSD's.
Total cost
No MSD: 24x569.93 = 13678.32 and you have that $150 you earned on the $2400 sitting in the CD or in the bank....so your total cost is 13528.32
With MSD 24x540.03 = 12960.72 (don't forget you get that $2400 back at the end of the lease...just as at the end of the CD.
I didn't take time to check every number...but this is quite close.
Now, you can argue that given the total amount you are spending, who cares about $500.....but there is no negotiations involved here...it's just part of the Infiniti lease and you just ask for it...it's fixed. This is painless...and it actually saves you money.
As one final case...let's assume you put that $2400 down as a capital reduction up front. Your monthly payments are then $461.50 or a total of 11075.89 plus of course the 2400 = 13475.89. You are still paying quite a bit more than the MSD case....
I hope this clarifies why MSD's save money.
Note...Negotiate the best possible lease you can....then just tell them you want to apply multiple MSD's and they will recalculate using your negotiated Capitalized cost (which is the only thing you are really negotiating) and the new, lower MF.
MSD's are not for everyone....But if you are going to pay down the lease up front or if you have cash just sitting in a CD,money market or such, MSD's are a very good idea....
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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.
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
12K 39 mos
10K 39 mos
Thanks.
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.
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.
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.
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.
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!
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:
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.
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!
39 months/10K per year
I did not see the national add, what were the terms?
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...
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....
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.
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.
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,
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
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....
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.
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.
Thanks
I wouldn't buy an 06 with that many miles with no warranty when I could lease for almost no finance charge and a residual that is more than the gas eating car will be worth in 2-3 years. BTW...check out the 24 mo vs the 36 mo lease...the MF is lower on the shorter lease.
The best M deal is on the X in May.....my quick calculation told me an X equiped the same as an M cost $50 a less on a 24 mo lease.
The G is very attractively priced....but it is not the same car...it drives peppier but I hate adjustable steering wheels that move the top of the dash with them because that gap reflects in the window. The M is larger and better (softer) riding...but not quite as peppy.
I think I'd be a gambler and wait until August. At that point you will have a few more 4wd options including the new FX...the EX will still be lower cost than the M (and I think a nicer car than the G)...and there could be some additional choices. Infiniti may offer a real deal on X's if they have a lot left over when the 09's appear....and don't discount the G35x.
Sure...the MF might increase and the residual may decrease.....no one can tell you what to do....I can only tell you what I'd do Also remember, you can extend your lease for 2-3 months at the same rate (and they give you the appropriate extra miles) so that would buy you even a few more months to make the choice. Given gas prices, you might be able to get an 09 M35x for what you can get an 08 M35x for now....Folks aren't exactly rushing to buy these fuel burning cars...
Can you supply money factor and residuals for 2008 M 45 x
for 24 months, excellent credit, 12K miles (unless no significant difference for 15K).
I'm hoping the nearly "free" money of .00001 continues....
Many thanks.
Have my eye on 2008 M45x with tech, advanced tech, mats, mud flaps and spoiler.
Has anybody bought anything similar recently?
What do you think of this deal?
MSRP: 45,675
TOP: 2,869 (NY taxes, 1st mo, bank fee) + DMV
Term: 39 months
Miles: 10k/year
Monthly pmt: $480.00
I think it is getting close to being a good deal, but still am unsure whether it is worth the extra $75/month over the FX35 (MSRP $43,020). I am not eligible for the loyalty rebate (only the conquest rebate).
Any insight would be appreciated.
I think you will find that a 24 month lease actually costs you less, at least on the M35x....and just FYI the lease on the M35x is better than that on the M35
If you are getting an M, get the technology package...it really makes a difference.
The M navigation allows voice entry of addresses. The '08 FX does not which I don't understand, but that's the way it is.
Personally, if I were getting a crossover/suv, I would get the new '09 murano before I would buy the '08 FX. When it first came out the murano was selling for MSRP...now they are eager to sell and the negotiated lease/purchase price can be very attractive.