By accessing this website, you acknowledge that Edmunds and its third party business partners may use cookies, pixels, and similar technologies to collect information about you and your interactions with the website as described in our
Privacy Statement, and you agree that your use of the website is subject to our
Visitor Agreement.
Comments
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you also have the June lease rates for an M35X, 36 months and 10K miles?
Thanks!!
What is the invoice on a fully loaded 08 M45 RWD with premium package.
Had F&I manager work a deal on a 2008 M35 with Technology and Advanced Technology. MSRP was $50,475. The MF was .00024, 24 mos/15K miles.
The capitalized cost I believe was $46,385 before the $2000 loyalty rebate was applied. With $681.00 out of pocket, the monthly payment was $636+tax. The F&I manager said this was an $800 deal net net....holdback, doc fee, everything accounted for.
I said "No thanks." I figured I would like to be at $560+ tax with $600 OOP.
By the way, is it just me or is $2800 MSRP for the Advanced Technology package seem like a lot of money. I want the upgraded 14 speaker audio system, but $2800, redidualized or not, seems like a lot of cheese. The rest of the features in the package sure don't mean a whole lot to me. Any thoughts?
Multiple security deposits is a waste of capital.
However, you may be able to reliably earn more than13% on your capital....I know few who can using stocks/bonds/mutual funds. Note..I said reliably.
I suggest that you actually work out the numbers before you say...oh it's so small a difference it's not worth it. Run the numbers before you make broad statements like "waste of capital"..oh, and do remember that you get that $1300 back at the end of the lease.
I went with Competition in Long Island. They originally were supposed to get me a black with wheat interior. When they realized they could not, they made good and got a black with stone (Xenon, mud flaps, and rear trunk) came with this model so they went through it in. They drove it out to my house in Westchester so this all worked out.
It is an M35X by the way. I hope this helps everyone out there. Every else on this forum did help me. 39 months too.
M35X with Tech Package, Xenon, Rear spoiler, Trunk mat and splash guard
$600 per month including Tax with $1700 down for 2 yrs / 12K.
Thx - If possible please reply ASAP.. as I need to make a decision by tuesday.
I can tell you right now that you should not be paying $1700 down....pay the first month's lease plus registration when you pick up the car...no bank fee, no administrative fee, no nothing else except REQUIRED taxes....everything else gets rolled into the lease. what you should do is take that $1700 and make two extra security deposits which will lower the MF to .00004 which is effectively no interest. Your payments will go up but the total cost of the lease will be less because you aren't paying that $1700 up front. (you get the security deposits back at the end of the lease...it's a loan). You can either trust me on this or read back thru this forum where I've explained it ad nauseum.
Term: 24 month / 12K per year
Money Factor: .000480
Redidual Value: $32,361.60
MSRP: $50,565
Cost: $600 per month with $1700 down (includes conquest rebate of $1000) and first payment. Without taxes of 7% NJ ($558). Near Princeton area
Options: Tech Package, Xenon, Rear spoiler, Trunk mat and splash guard
I have the additional payment upfront - it reduces the rate. I will investigate.
But here's what I really would do to sweeten this deal more. I would use multiple security deposits and loan infiniti four monthly payments as additional security deposits which would bring the MF down to .00008 and that would bring my payments down by about $30 a month. Think about that....I take $2400 out of the bank and loan it to Infiniti. I pay $30 less a month for 24 months. Each month I put that $30 savings in the bank...so over the 24 months, I have put $720 in that bank account. At the end of the lease, infiniti gives me back the $2400 (it was a security deposit) and I put that in the bank. I now have $3120 in cash. Sure...I could have just left the $2400 in the bank and it would have earned 4% interest, but at the end of the two years I would only have $2595 cash. This assumes that you have $2400 that you can loan for 2 years, of course.
Am I better off waiting to July to buy. My current lease on a STS is over in mid July. Are they extending the $ 1,000 credit to July?
How will multiple deposits affect payments for this vehicle?
If you wait until July you run the risk of losing the $1000 conquest money...no one knows if it will be extended...and also no one knows if the residual will drop or mf will go up.
Just look for my old posts on Multiple security deposits....you'll find more than you wanted to know. Just remember, you can't lower the mf below 0.
And just to complicate things further. the 2008's are bargains now. When the 2009's come out, they will have normal money factors and residuals which nets out to costing probably $100 plus more per month for them.....at least for the first few months. Of course if the 2009's have the larger engines and 7 speed, maybe you are willing to pay $100 plus more per month. I wasn't....I leased a 2008 M35.
Any higher and we are into Mercedes/BMW/Lexus territory and Infiniti has already proven over the years it can't run that race. Face it, Infiniti sells on price.
M35X, Tech, Xenons, mats and winter mats
MSRP $50,065
Cap Cost $44,709 ( includes $1,000 conquest)
MF .00070
Residual 53%
36 mos, 10K
$585/mo (includes 5% state tax)
Out of pocket for first month, reg, doc fee, assignment fee, etc. $1,589
Any thoughts?
Thanks!!
Also, consider making Multiple Security deposits to bring the MF down to 0001 and save some more money.
The capitalized cost I believe was $46,385 before the $2000 loyalty rebate was applied. With $681.00 out of pocket, the monthly payment was $636+tax. The F&I manager said this was an $800 deal net net....holdback, doc fee, everything accounted for.
I said "No thanks." I figured I would like to be at $560+ tax with $600 OOP.
By the way, is it just me or is $2800 MSRP for the Advanced Technology package seem like a lot of money. I want the upgraded 14 speaker audio system, but $2800, redidualized or not, seems like a lot of cheese. The rest of the features in the package sure don't mean a whole lot to me. Any thoughts?
Another dealership just countered with $614 + tax ($658) with 1st pmt only down, 24 months, 15,000 miles, M35 Tech and Advanced Tech. I guess the $800 net net deal just became $250.
When I worked with Nissan, we used to receive additional retro money---i.e. $500 per unit sold in the month if we hit our objective number. Are Infiniti dealers bonused in the same fashion for hitting their monthly stated objectives. If so, what is the typical retroactive kickback dollar amount per unit delivered?
2008 M45 with Advanced Tech. The vehicle has a MSRP of $56,475 and an Invoice of $51,542.
24mo./12k lease: 1@1075.44 23@789.24 including tax
Money factor- .00040
Residual- .63%
39mo./12k lease: 1@1012.32 38@725.80 including tax
Money factor- .00089
Residual- .51%
On both leases the selling price is $52,342, and with the $1,000 conquest rebate is really $51,342. We can pass the rebate along to you as long as you provide a current registration of a competitive vehicle. I understand that you did not want to put any money down, but your really not. The $1,075.44 is a total out of pocket expense which includes your first mo. payment and your registration fee's.
All leases based on Tier 0,1 interest rates (W.A.C.)
But these finance people try to pull a fast one all the time...another dealer offered .00085 until I reminded him of the .00001 rate which I learned about here from the great moderator of this forum. He then says, Oh, yes, I went to my manager and we can give you that rate...
Needless to say, I bought elsewhere.
for an M35X, Tech and Xenons, w/Splash
Thanks!
thanks
I haven't heard when the 09's are coming.....
2008 M35X 36 months, 10K
MSRP $50,065
Invoice $45,809
Cap Cost $44,709 (Includes $1,000 Conquest)
MF .0007
Six MSDs
New MF .0001
$554/mo (inc tax)
Thanks to all on this great site.
ghstudio for MSD idea
Car_man for getting the rates and helping keep the dealer honest
Funny that the dealer was not aware of the msd and I insisted that they call Infiniti Finance to find out. Also got dealer to waive "nonwaivable" dealer prep or whatever fee of 595 and bank fee of 595. Never pay these fees.
Total down was first month rent and normal title fees.
What are the correct rates and where can I plug them in to get the lease payment. I do not trust the dealers math.
Thanks,
08 m35 sport with tech (nav) 45500 invoice sales price 44800 (including 1000 conquest)
39 mo 12 K/y
1500 down includes 1st payment tax title and tag (378.50)
628 per month
fees bank 595 doc 495
mf 0.0012
24 mo 12 K/y
1500 down includes 1st payment tax title and tag (378.50)
670 per month
fees bank 595 doc 495
mf 0.00024
Thanks
You should be able to buy that car for invoice less $1000 (or $2000) conquest money. You should not be putting anything down at all...just the first month's lease payment plus the $378. If you want to use the rest of that $1500, buy down the MF with multiple security deposits (if you are in a state that allows them).
Note...there can be some confusion on the conquest cash. You actually negotiate the deal for invoice price and then Infiniti/your dealer should apply the conquest cash as a "capital cost reduction". The way they do it, you will owe taxes on the $1000/$2000....nothing you can do about that.
MSRP on your car is 46315 (includes shipping) and invoice is 42530....so your capitalized cost should be 41530 + 595 (bank fee) + any dealer admin fee that you can't talk your way out of (I think that's your $495). Your capitalized cost seems much too high.
You don't give the residuals but you should make sure they are using Infiniti's numbers.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The last time that I looked into it, IFS allowed lessees to make up to nine additional security deposits, with each additional one reducing vehicles' money factors by .00010.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
It is like any other security deposit. You get it back less whatever you owe on the car due to damage. In my case, returning the car last week with no damage, I will get the entire security deposit back.
It is just like any other security deposit..if you don't do any damage, you get it back.
I would appreciate any info / thoughts on the following. I have a 2006 m35x lease that expires at the end of July 2008. I am thinking of getting another m35x.
Could someone please let me know the mf and residual for this vehicle for 24 and 39 months with 12,000 miles / year. What would change if I only wanted 10k miles / year?
Also - does anyone have any thoughts about the likely extension $2000.00 loyalty money? I could take delivery asap if I really need to do deal by July 7 to get the money but am hearing from dealers that there are lots of 2008's out there so am finding it hard to believe that Infiniti will effectively take the price up.
Thanks for the help.
Larry
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum