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$609 a month (includes tax rolled in) with $1300 due at signing (includes 1st month, bank fees, tire fees, MVC fees, doc fees etc) for 10K a year/39 months
I got all season mats thrown in too :-).
BTW, I LOVE this car...
Are you numbers correct?
IFS' current buy rate lease money factor and residual value for a 36 month lease of a 2010 M35 AWD with 15,000 miles per year are .00004 and 49%, respectively
The .00004 seems way to low. But if its correct it might put me in a M35x instead of a G37x
Car_man
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Car_man
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(just to whet your appetite, multiple security deposits effectively pay you over 10% on your money vs having it sit in the bank earning maybe 1% if you are lucky).
I expect to have 29k miles on it by then. Lease is with Infiniti Finance. Residual on my lease agreement is $27,880 and there is a $150 purchase option fee. Two questions:
1) Is the $27,880 a fair price for the car at this point?
2) Has anyone seen Infiniti negotiate end of lease purchases?
For reference my M35x is configured as follows: Diamond Graphite/Graphite/Rosewood, Advanced Tech Package, Sirius Radio, HID Headlights, Trunk Mat.
I have my pre-inspection next week and don't expect anything significant. Also, I'm under miles allotment (29k vs 45k).
Thanks in advance for answers and insights.
Price is about right (retail) since you kept the miles so low, as for a trade I would suspect you will get about $23,000 - so if you don't buy it, turning it in is better than trying to trade it.
Secondly, IFS does NOT negotiate end of leas purchases with the customer. They may give the dealer you turn it into a lower price, who could then turn around and sell it back to you - but that is a longshot. IFS won't negotiate, their stance is you got to enjoy the low payments since the residual was so high, so now you have to pay the high residual - can't have both.
2010 leases are awesome right now - especially since you will get a $2000 Loyalty Rebate...
Shopping by phone for a 2010 M35X TECH. I qualify for $2000 loyalty. I was quoted $485 a month for either a 36 or 39 month 10K lease. This figure is with me paying all costs up front including sales tax, MV, doc, bank fee, 1 mo. lease payment ect. The MSRP is $52,435. My question to the dealer was, "shouldn't the monthly lease price be lower on a 36mo versus a 39 mo.?" The dealer is telling me no. I don't have the IFS Feb. numbers so I can't really tell him he's wrong. Could you please provide these rates? Thank you.
Car_man
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Car_man
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Infiniti Financial Services' current 36 month, 10,000 mile per year buy rate lease money factor and residual value for the 2010 M35X Tech are .00003 and 50%, respectively. The numbers for an otherwise identical 39 month lease are .00036 and 49%.
Car_man
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I can't seem to find any details on that. Please provide detals. Thanks.
What is the current MF and RV for a 39 month 15k/yr lease ?
Dealer is telling me it's .00045 and 47%
Is 39 month the best deal right now ?
Also, what are the total dealer incentives ?
We have an 08 G35 Sedan now, so we'll get the $2k loyalty
Thanks for the help !
I'm strongly considering the Jaguar XK, MB e350 or the BMW 5. (possibly an Audi as well). If BMW continues with their fixed door post mount on the seatbelt, that eliminates the car because it will cut my wife's head off in a crash (she's short). One fallback is a Cadillac, however the seat bottom is uncomfortably short. I guess I'm talking myself into the E350 or the XK.....but we'll see.
Dealer won't give me his number until I come in
Here's the car I'm looking at:
2010 M35 with Tech Pkg, Splash Guards and Carpeted Trunk Mat
MSRP is $50,285
Invoice is $46,253
The 3.58% VPP Discount would be $1,655.86
My Lease Loyalty Discount is $2,000
Those two bring the Cap Cost down too $42,597.14
Edmunds shows two Dealer Discounts
Sell Down Dealer Cash of $2,000
Lease Dealer Cash of $500
Using those two, the Cap Cost would come down to $40,097.14
The dealer is giving me the following lease numbers:
Money Factor of 0.00045
Residual Value of 47%
Using those numbers I'm coming up with this payment
Depreciation - $422.13
Rent/Interest - $28.61
3% NC Sales Tax - $13.52
Total Payment = $464.26
Do all these numbers look correct ?
So, add about $1200 on to your cap cost (for the tax), and rerun your numbers....
Also.. don't be surprised if the sell-down cash and lease loyalty cash are mutually exclusive... (no idea, but I've seen that in the past).
regards,
kyfdx
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The tax is on the payment.
Do you know if the MF and RV rates are correct ?
Thanks,
Clay
Car_man is the leasing expert that has access to the program numbers... He should be around periodically to answer those questions.
Interesting about the tax, though...
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$2000 Cash to Dealer start: 01/05/2010 end: 03/01/2010
Get Dealer Pricing Restrictions
$2,000 Sell Down Dealer Cash is available towards the purchase or lease of a 2010 M35 or M45.
Cash is compatible with special APR, Core or Lease programs.
See your dealer for details.
Using VPP discount, Lease Loyalty and all Dealer discounts.
Purchase Price of $40,010.48
Adding all fees into the lease:
Infiniti Lease Acq Fee - $595
Dealer Doc Fee - $599
Tag/Title - $167
Total Cap Cost - $41,371.48
39 Month Lease with 15k miles per year
Monthly Payment with 3% tax - $500.00
Cash at closing - $500.00 (First Payment)
Infiniti's nationally advertised deal on this car is $539/month with $3,999 down
I'm saving over $5k off that deal
Special thanks to Joe and Canaan !
That VPP discount saved me almost $45/month
Dealer is also including their "Value Package" at no cost, normally $995
It includes:
Wheel Locks
Nitrogen Filled Tires
Invisible Door Edge Guards
Tinted Side and Rear Windows
Free Service Loaner Cars
Free Car Washes with Service
One year subscription to MyStar Personal Assistant Service
Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 M37 2WD with 15,000 miles per year are .00222 and 59%, respectively.
The numbers for an otherwise identical lease of a 2011 M56 2WD are .00193 and 56%.
Car_man
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Infiniti is currently providing a total of $2,500 in cash incentives on leases of the '10 M35. Since you are a current Infiniti owner, you would be eligible for another $2,000 on top of that.
Car_man
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Car_man
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What would the numbers be for that?
Great info on this forum. I am looking into leasing a 2010 M given great FD incetives, but I have a question for leasing experts. I am currently in a lease on a 2008 G37 which I would like to trade in for a new lease. My pay off amount shows $28,213.57 in the infiniti financial website. The trade in value according to KBB is $28,050. Do you think it would be possible for me to come out even on a trade and still get a good deal on the M lease? Any strategy/advise would be greatly appreciated.
I am coming out of a 2008 M35x lease next month. I understand that there is an additional $2000 "Lease Loyalty Money" if I re-lease with Infiniti. If I decide to purchase a new 2010 Infiniti, does that $2000 also apply to a purchase rather than a lease transaction?
I just leased an M35 with Tech Pkg.
Used VPP to get invoice pricing less 3.58%
Plus my $2,000 Lease Loyalty Money
And $2,500 in Dealer Discounts
39 Month Lease with 15k/year
Rolled the upfront fees into the lease, they were $1,371
Payment with 0 down came out to $500
All I paid at delivery was the first months payment.
Buyout at the end of the lease is $23,556
I think you're better off to lease first and buy later.
If I bought the car with 0 down the payment would have been $627 for 6 years
10 M35: $2500 w/ lease plus $2000 Lease Loyalty Rebate (if you own an Infiniti)
10 M45: $2000 w/ lease plus $2000 Lease Loyalty Rebate (if you own an Infiniti)
11 M37: 55% for 39 month 15k
11 M56: 53% for 39 month 15k
Hope this helps.
PS In Texas, Sales Tax Credits on 2010 models
39 months / 12K miles
48% residual
0.00063 Money factor
Is this correct?
Yes, $1000 Lease Loyalty
Car_man
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Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle, consumers usually are.
Car_man
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Car_man
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Here's how I'm coming up with that price:
MSRP with Tech Pkg and Dest Chg - $52,165
Invoice - $48,033
Cash to Dealer - $7,000
VPP Discount - $1,719.58
Net after discounts - $39,313.42
Total off of MSRP - $12,851.58
The VPP discount is only good thru the end of this month.
It gives you invoice pricing less 3.58%
Dealer still makes 5% plus any holdbacks
MSRP is $54,000(with options) and 12,000 miles per year are .00188 money factor and 58% residual?
You don't specify how long a lease you want....I'll assume 36 mos.
You don't give a negotiated purchase price so I'll just assume you pay invoice.
You'll pay about $673 per month plus tax. If you negotiate the price down due to loyalty (you don't say this either) or any marketing money available in April (we don't know that either), then your monthly cost will, of course, go down.
You could lower this monthly cost to $608 per month if you loan Infiniti approx $5000 for the length of your lease. That's called multiple security deposits...and you get it back at the end of your lease. Search thru this forum for explanations. I'm going to bet that if you have $5000 sitting in the bank that you could loan infiniti, that you couldn't make $2340 on that money over the next 36 months yourself...and that's what you'll save by loaning them the money. It is NOT a down payment!!!!! it is a security deposit.
BTW, just test-drove an M56 in SoCal over the weekend and it was as good as advertised! Didn't include the Deluxe Touring Package or Technology Package, though, so I can't speak to how much more comfortable and enjoyable those might make the car. Didn't have Sport Package either.
BTW, invoice on an M56 w/Premium, Touring, Technology, splash guards, illuminated kick plates, black grille, cargo mat/net, and destination charge is $60,751 (MSRP of $66,345).
According to www.insidenissan.com, the 3.58% employee pricing is not applicable to the 2011 M, unfortunately. But at least one dealership locally is accepting VPP on both the M37 and M56 at 1.65% below invoice.
Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2010 M56 2WD with 12,000 miles per year are .00235 and 61%, respectively for consumers who qualify for its top credit tier.
This program is only scheduled to run through March 31st. It is difficult to say what the April program will be like at this point.
Car_man
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