I am about set to agree to terms on a lease for a M35x. My dealer does not have the color that I want, twighlight blue with graphite interior. A dealer about 80 miles away does though. Normally, what would a dealer charge to do a transfer if anything?
Also, has anyone had the full aero kit installed? I am wondering what you have paid to have it done.
If dealers have added anything, when this has been done for me, they haven't added it directly, anyplace I could detect. What they've led me to believe is that they trade something they have in stock for something the other dealer has. When I did this a couple of years ago with BMW, someone from a dealership 40 miles away drove my car to my dealer, picked up their trade car and drove back.
Here you go, rabb30327. If you were to lease a base 2006 Infiniti M35 through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00130 and 54%, respectively. I am not sure when the 2007 model will hit dealers but you may be able to find out by visiting the following discussion: "Infiniti M35/M45 2006+".
Here you go, scmetal. If you were to lease a base 2006 Infiniti M35 through Infiniti Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00042 and 66%, respectively. The numbers for an otherwise identical 36 month lease should be .00104 and 55%. I am not sure when the 2007 model will hit dealers but you may be able to find out by visiting the following discussion: "Infiniti M35/M45 2006+".
Hey Alto. The numbers that you were quoted for this car are way off. If you were to lease a 2006 Infiniti M35 AWD through Infiniti Financial Services right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00015 and 54%, respectively. As you can see, this money factor is way lower than the one that you were quoted. Make sure to insist that the dealer you are working with uses this factor to calculate your car's monthly payment. I believe that IFS does have a multiple security deposit program, but you wouldn't be able to make many additional deposits on this car because its buy rate is already practically 0.
Hi ageorge1. Actually, in my opinion Infiniti Financial Services' 39 month lease program for the '06 M35 AWD is more attractive than its 24 month program right now.
CarMan, Are you sure that the money factor is only .00015? That corresponds to an interest rate of 0.36%. I have had two dealers both quote me the same money factor of 0.00145 which works out to an interest rate of 3.48%. If you are right, then they are both padding their profits with the markup on the money factor.
I know that Car_Man's numbers are exactly what my local Infiniti dealer offered me on the 24 month, 15K/yr lease I wanted, and the dealer simply offered it right off; but, although emotions play a role in how each of us handles situations like this, if the dealer's numbers had not matched Car_Man's here and I was still negotiating, I think I'd just tell the dealer that Edmunds is reporting a different money factor and ask if there's some reason he/she wasn't offering that lower rate to me.
I am very interested in the response to the M35x money factor. I have a money factor that appears close to .00145.
I have a deal on the table at a near invoice on a M35x with: Journey Technology Package with Sirius
39 months/15k miles
If the MF is really .00015 then that is nearly $100/mo difference from my estimated lease payment. I have a "good" dealer so any input on how to handle this is helpful.
The question is what is the correct money factor for this M35x configuration?
You are getting a very similar deal to me, and the difference between the MF of 0.00145 and 0.00015 in my case is $98.48 a month, almost $3850 over the life of the lease.
I know that CarMan always seems to be right, but if he is right this time you and I are really getting a bad deal when we both thought that we were getting a great one - close to invoice price.
Hey sfcharlie. Infiniti is not currently providing any cash incentives on the 2006 M35. I haven't seen the lease program for the 2007 M35 yet. Feel free to check back with me closer to the date that the '07s begin to arrive at showrooms and I should be able to give you an idea of what this car's lease program is like.
Sfcharlie, you really need to find out what this car's selling price is. The selling prices of leased vehicles are negotiable, just as if you were financing or paying cash for them. I would be happy to give you my opinion of this deal if you provide me with this number. For now I can tell you that the money factor that you were quoted for this car is right in line with Infiniti Financial Services' current buy rate for it. This is a good sign because it means that the dealer you are working with is not trying to mark your car's money factor up to add additional back-end profit to your deal.
Also, I personally feel that it is somewhat wasteful to get out of your current lease three months early. It is going to cost you more than $200 a month to get out of your BMW. In reality, you are going to have to pay the full payment for this car one way or another. Even if the dealer claims to be paying it for you, it's just hampering your ability to negotiate the lowest possible selling price on your Infiniti. Of course, if you really can't stand to drive your car any longer, paying $1,600 to get out of your lease may be worth it to you.
Hi seihugh. Vehicles' lease-end purchase prices are based upon a percentage of their residual values. Their purchase prices do not have anything to do with their negotiated selling prices. The only thing that negotiating a lower selling price does is lower leased vehicles' monthly payments. Furthermore, down payments on leased vehicles do nothing to reduce their end of term purchase prices either. So if the $10,000 that you are talking about is a down payment it will have no impact upon your car's purchase price. However, if you are using the money to make additional security deposits, you would get it back at the end of your lease and be able to use it to reduce your car's purchase price.
I just ran into this. Some leases have an early termination clause. If you have this you can get an early lease payoff mailed to you. I had four months left on my lease. Early termination cut the final balance in half. Early termination makes sense if your mileage is approaching it's maximum. In this case early termination is a better alternative than paying the remaining lease payments plus overage.
Hello chucky2. The best way to get a good deal on a lease is to negotiate a selling price that is as low as possible and then have the dealer that you are working with calculate its lease payment using Infiniti Financial Services' buy rate for it. Infiniti's 24 month money factors for the M35 and M35 AWD are lower than its 36 month factors, but your monthly payment for the 24 month term might actually be higher because shorter leases generally have higher payments.
You can find more information on how lease payments are calculated by checking out the following article: Calculate Your Own Lease Payment.
Hi chucky2. Here's the information that you're looking for. If you were to lease a base 2006 Infiniti M35 Sedan through Infiniti Financial Services right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00042 and 66%, respectively. The numbers for an otherwise identical 36 month lease of this car should be .00104 and 55%. For the '06 M35 AWD, the 24 month / 15,000 mile per year numbers are .00070 and 66% and the 36 month, 15,000 mile per year numbers are .00122 and 55%.
You're very welcome, sagarchr. Infiniti Financial Services allows lessees to make up to nine additional security deposits, with each additional deposit reducing the money factor that is used to calculate their vehicle's monthly payment by .00010. Most banks provide consumers with a reduction in their vehicle's money factor if they pay for their entire leases in advance as well. I'm not sure of the exact reduction that IFS provides lessees for pre-paid leases, but I suspect that if it offers this sort of reduction it is probably from .00080 to .00110.
Hi jaypolostls. This car's lease program varies depending upon how long you lease it for and how many miles per year you lease it. For now I will provide you with information on a typical 36 month, 15,000 mile per year lease. Let me know if you want something different. If you were to lease a 2006 Infiniti M35 Sport through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00096 and 53%, respectively.
Hi chucky2. This car's month factors vary by term and model. If you tell me the exact model that you want as well as how long you want to lease it for I should be able to give you an idea of what its current program is like.
Hi seihugh. This car's money factor varies depending upon how long you lease it for. The factor that you were quoted is in line with Infiniti Financial Services' 36 month factor for the '06 M45 Sport. So you are in good shape as far as the money factor goes.
I apoligize, Alto. I just looked into this further and notices that I made a typo when taking notes while speaking with a dealer I know. I believe that this car's 36 month factor is more along the lines of .00150. Thanks for catching that.
Car_Man ... thanks ... I believe I did leave a more complete description of the deal on one posting ... anyway ... MSRP was $48,520 for M35 with Journey, Tech, and Mats (what it adds up to on Infiniti website also). Dealer was straightforward in two ways: one, he told right off about the .00042 MF and 66% residual and offered me $3200 off MSRP. I had several reasons (emotional, family, blah blah) for wanting to turn the BMW in and start with something new now, so we took $1500 of the $3200 and put it toward the final three payments of the BMW lease). It turned out I owed BMW a $350 lease-end fee and when that turned up at the last minute (my not reading the back of the lease), the dealer said "I'll just pay that too, since I led you to feel I'd close out the lease for you, and we'll still substract the remaining $1700 from the MSRP). Paid $700 security deposit, first month payment, and drove off.
So, I felt OK, but on a purely logical-financial basis, I would have done what you suggest and kept the car until September ... although, I guess, there would have been uncertainty as to what MF would be then.
Thanks again for all the time you spend keeping the rest of us thinking clearly.
This is a the first time I will lease a vehicle and I have been reading through these posts on a daily basis. I am looking for an '06 M45 Sport Sedan Leather Journey Pkg. Sport, Tech Pkg./XM Satellite Radio, Trunk Mat, Splash Guards, Wheel Locks for a negitioated price of $52243.52. The lease I am looking at is 24 months 15,000 miles per year $728.81 including 8.25% Sales Tax (CA)$1735.94 and drive-off. The dealer says it is using a money factor of .00028. Is this a good deal? Should I make security deposits to lower my payments? Any help would be greatly appreciated.
if you have the money, making extra security deposits really makes sense if they'll allow you to given the low mf. Run the numbers with the dealer and see how much you save each month. Compare the savings to having the money in a CD or treasury note.
Sounds like you have negotiated a great price. The MF is approx an interest rate of .67%. Enjoy the car.
Hi Carman, This is my first time dealing with a lease. here is my question. I am interested in the 24 month lease offer by infiniti but I would prefer a higher mileage allowance than the 15k offered. Question: am I better off to negotiate a higher allowance (18-20K) and have a higher monthly payment or take the 15K and anticipate that I will have to pay the difference calculated at the rate for excess miles. Second question: how difficult is it to negotiate the rate for excess miles. thanks
Hi - I'm in the process of negotiating a lease for a M35 w/journ, tech, nav, spoler, full spare & mats & splash guards. The deal is 36 mos/15K yr = $699/mo incl tax. Does this sound good. Also, I'm just coming onboard to this site and I don't know what is meant when people are talking about additional security deposits buying down the monthly payment. Any help would be great. Thanks :confuse:
What rate factor and residual should I shoot for on the m35 sport w/ journey package with msrp of $46,470? I am looking for a 36 or 39 month lease with 12K miles. What would be a good lease payment per month? Thanks for your help!
Is this a good deal? M35 sport w/ journey. Msrp $46,789. $2,000 down 39 month lease 12K miles 574 + tax a month. Let me know. Hope to hear a response soon. Hook a brother up!
I am paying $44,088 MF of .001300 and residual of .55. $2,000 is the total out of pocket. I did call the internet manager at sawgrass and the deal I got on the same exact car was $584.25 + tax a month. I guess i will try and call him again. Any other suggestions?
I am looking to lease a 2006 M35 Sedan or Sport, not sure. Is it worth it for the AWD and or M45? I am in Bethesda, MD. I priced out a M35 Sport with Journey and Tech package at 51K and was given a discount of $2500 so 47.5K I want it for 39 months at 15K miles $0 down. What is a good deal and a reasonable payment?
the best lease right now on most of the cars is actually 24 months but who knows what it will be in July. Check both 36 and 39 months...they have different rates/residuals. Consider "extra security deposits" (read back in the lease forum for info.
The 2007's will be available in July so you should be able to get a good deal on the 2006's...there are some changes which may or may not be important to you...read back in the 2006+ forum here.
You have to decide if the area you drive in warrants AWD or if the handling is better for you. Certainly if I lived in a snow area, I'd get the AWD in a heartbeat.
We are thinking of leasing a car this time around and have been presented this deal. I know it is end of year for 2006 and want to make sure we get the benefits of buying year end.
M35 RWD w/Journey, splash guards and trunk mat MSRP $44440 Residual 55% MF .0007291 trade-in 7000 monthly payment $465
They will transfer car from another dealership and want a $1,000 deposit for purchase by 6/30.
Sounds like a pretty bad deal. Is there a payoff on your trade-in? A two year lease is cheaper than a longer term lease especially if you are putting a down payment on the lease. Call the internet manager at Sawgrass Infiniti and I'm sure you could get a better deal there.
No payoff on trade and every dealer I spoke with gave me 39 month lease. Someone please help in guiding me - clearly I don't understand the leasing ins and outs - husband is opposed to leasing but we can't afford to buy.
Mdgallo....Using what I believe are infiniti's 24 month leasing rates right now MF .00042 and a residual of 66% (15K miles per year), I calculate your lease at about $389/mo plus tax. (24 months is the cheapest lease right now..not 36 or 39 months).
Now, if you want to get creative financially (I am not an accountant....this is just what I do when I lease a car. Disclaimer: all numbers are just my guesses mostly based on reading this forum)
1)negotiate a cash price for the car (let's say about $500 over dealer cost..this is the end of the 2006's). 2) lease the car for 24 months using infiniti leasing's rates...don't allow the dealer to add a profit to the MF. 3)ask the dealer to buy your trade in from you...give you a check. Using your figure of 7000, he should be willing to lease you the car with no trade in..and give you a check for about $3776. 4) As part of the lease agreement, give infiniti credit four multiple security deposits (important: not down payments). You "loan" infiniti credit $2200 of the $3776 and you will get that back at the end of the 2 year lease...it's a security deposit. 5) Your monthly payments with the security deposits on the car you described will then be around $526 plus tax.
What you say? You want me to pay an additional $61 a month for 24 months. Where did that money come from?
Well, you got a check for $3776 and you "loan" the dealer $2200 of that so you still have $1576 to put in the bank. The extra $61 a month over 2 years is 24x61=$1464 which you pay from that bank account. You still will have $1576-$1464=$124 left in that bank account at the end of the lease...but remember that security deposit?? You will get back the $2200 at the end of the two years...so instead of having nothing at the end of the lease, you have $2324 in the bank. Hmmm...maybe this is interesting!!!
Now, this works with your particular trade, whatever it is, and a 24 month lease. If you want to lease for longer, it all changes....and, or course, since the MF is higher, you will pay more per month anyway.
Using your numbers which I assume are a 3 year lease, you still get the same $3776 check from the dealer, and you still give/loan the dealer the same 4 security deposits or $2200. That drops your lease cost to $509 or so. That's still $44 a month more than you were quoted. $44x36 months= $1584 in additional payments which comes out of that $1464 bank account (ok..you have to add $120 to it). At the end, you get back the $2200...so you are still $2200-$120=$2080 ahead of the lease you were offered.
Lots of numbers here...it's confusing...but in many cases, if you can afford it, you are better taking cash for your trade in, paying nothing down when you lease the car and using the cash for multiple security deposits which you get back instead of that down payment on the lease which you never see again.
Talk to the finance person at the dealer....most salesmen and unfortunately many finance people as well have no clue about multiple security deposits and almost everyone will try to tell you that the reduction in MF is so small that it won't matter....my advice is..run the numbers. Focus on the total amount you pay for the lease period and what you wind up with at the end.
By the way, not all car companies allow multiple security deposits, so this doesn't always work. Infiniti is one that does accept them which is why I took the time to post this long note.
ghstudio - Thank you thank you for your indepth reply - it is truly appreciated. I have 1 question as it regards to the trade and the dealer buying it and giving me a check for $3776 - where did the difference from the $7000 go?
I respoke with the dealer and they quoted me the 24 month financing your referred to and dropped the price of the car to $1000 over invoice so at least we are heading in the right direction -
Latest is m35 w/journey, navi, splash guards and mat 43500 24 months mf .00042 residual 66% payment 472 - but they are still using my trade as down payment.
Could you re-go over the trade issue and language I should use with dealer on how to handle.
I can access the Nissan/Infiniti VPP program on plan D. The current offer I have on 06 M35 Sport - Journey and Tech is 693 per month incl taxes / 24 months / 15000 miles / zero down. Should take this deal or wait to see if the July VPP numbers take the price down further. Thanks in advance.
The only thing that will change the VPP numbers is if Nissan offers a rebate on the car. The VPP purchase price is based on dealer cost. Leasing rates may change in July but that's not part of VPP.
I'm not sure of the MF rate for the sport, but for the base m35 it's .00042 this month. You can lower that rate today to .00002 by "loaning" infinity 4 additional security deposits ($2800) which you will get back at the end of your lease. (each additional security deposit lowers the MF by .0001 and they won't let you go below 0). This would lower your payments in the area of $35 a month (plus tax). Over 24 months, you save $35x24=$840.
I think about it this way: If I set aside that $2800 in a bank and didn't loan it to infiniti, I would have to earn over 13% interest per year to make that $840.
Just got the base model 2006 M35 for $535 a month (tax included) with $1500 out of pocket for 39 Months and 12k miles/year. Total price of vehicle was $39000 plus taxes came to $40900. This was on Long Island, NY. Don't think I could have done better than this.
Hi CarMan, If we paid $500 over invoice for a base M35, what do you think the best MF and residual we could negotiate for on a 24 month lease? Thanks in advance.
Offered tonight: M35 Sport with Journey Package, Sirius and "Appearance Package" (can't find it anywhere, but includes the rear spoiler, extends the length of the body and flare out a bit and further extensions on the front grill - a bit of a "Fast and Furious" look to the grill - nice addition to the already attractive look to the sport package) $566/month plus taxes 10K/year $3,000 total out of pocket at signing
Here's the vehicle - the "appearance" upgrade doesn't show on the website.
I'd tell you Purchase Price, etc. if I had any more info, but I was literally leaving the dealership as I told them they weren't near the deal on the E Class (initially were at $850/month with 0 down, wouldn't go any lower than $45K on a $47.5K list price after I brought up the VPP pricing I found for myself - email me on a side note on that, didn't have my Code, but they went lower as a 2nd salvo).
The Manager who I'd been talking to as well intercepted me on the way out and said "Give me a chance to make something happen". He seemed to do so.
Can I get some opinions on this deal from CarMan and anyone else?
Comments
Also, has anyone had the full aero kit installed? I am wondering what you have paid to have it done.
Thanks,
Alto
If dealers have added anything, when this has been done for me, they haven't added it directly, anyplace I could detect. What they've led me to believe is that they trade something they have in stock for something the other dealer has. When I did this a couple of years ago with BMW, someone from a dealership 40 miles away drove my car to my dealer, picked up their trade car and drove back.
Charlie
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Are you sure that the money factor is only .00015? That corresponds to an interest rate of 0.36%. I have had two dealers both quote me the same money factor of 0.00145 which works out to an interest rate of 3.48%. If you are right, then they are both padding their profits with the markup on the money factor.
How do I bring this up to them?
Thanks,
Alto
I know that Car_Man's numbers are exactly what my local Infiniti dealer offered me on the 24 month, 15K/yr lease I wanted, and the dealer simply offered it right off; but, although emotions play a role in how each of us handles situations like this, if the dealer's numbers had not matched Car_Man's here and I was still negotiating, I think I'd just tell the dealer that Edmunds is reporting a different money factor and ask if there's some reason he/she wasn't offering that lower rate to me.
Charlie
I have a deal on the table at a near invoice on a M35x with:
Journey
Technology Package with Sirius
39 months/15k miles
If the MF is really .00015 then that is nearly $100/mo difference from my estimated lease payment. I have a "good" dealer so any input on how to handle this is helpful.
The question is what is the correct money factor for this M35x configuration?
I know that CarMan always seems to be right, but if he is right this time you and I are really getting a bad deal when we both thought that we were getting a great one - close to invoice price.
Car_man
Host
Prices Paid Forums
Also, I personally feel that it is somewhat wasteful to get out of your current lease three months early. It is going to cost you more than $200 a month to get out of your BMW. In reality, you are going to have to pay the full payment for this car one way or another. Even if the dealer claims to be paying it for you, it's just hampering your ability to negotiate the lowest possible selling price on your Infiniti. Of course, if you really can't stand to drive your car any longer, paying $1,600 to get out of your lease may be worth it to you.
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
You can find more information on how lease payments are calculated by checking out the following article: Calculate Your Own Lease Payment.
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
Thanks!
So, I felt OK, but on a purely logical-financial basis, I would have done what you suggest and kept the car until September ... although, I guess, there would have been uncertainty as to what MF would be then.
Thanks again for all the time you spend keeping the rest of us thinking clearly.
Charlie
Car_man
Host
Prices Paid Forums
Car_man
Host
Prices Paid Forums
This is a the first time I will lease a vehicle and I have been reading through these posts on a daily basis. I am looking for an '06 M45 Sport Sedan Leather Journey Pkg. Sport, Tech Pkg./XM Satellite Radio, Trunk Mat, Splash Guards, Wheel Locks for a negitioated price of $52243.52. The lease I am looking at is 24 months 15,000 miles per year $728.81 including 8.25% Sales Tax (CA)$1735.94 and drive-off. The dealer says it is using a money factor of .00028. Is this a good deal? Should I make security deposits to lower my payments? Any help would be greatly appreciated.
Sounds like you have negotiated a great price. The MF is approx an interest rate of .67%. Enjoy the car.
M35 sport w/ journey. Msrp $46,789. $2,000 down 39 month lease 12K miles 574 + tax a month. Let me know. Hope to hear a response soon. Hook a brother up!
I am in Bethesda, MD.
I priced out a M35 Sport with Journey and Tech package at 51K and was given a discount of $2500 so 47.5K I want it for 39 months at 15K miles $0 down. What is a good deal and a reasonable payment?
The 2007's will be available in July so you should be able to get a good deal on the 2006's...there are some changes which may or may not be important to you...read back in the 2006+ forum here.
You have to decide if the area you drive in warrants AWD or if the handling is better for you. Certainly if I lived in a snow area, I'd get the AWD in a heartbeat.
M35 RWD w/Journey, splash guards and trunk mat
MSRP $44440
Residual 55%
MF .0007291
trade-in 7000
monthly payment $465
They will transfer car from another dealership and want a $1,000 deposit for purchase by 6/30.
Let me know ASAP.
Thanks - what would be a good deal??
Now, if you want to get creative financially (I am not an accountant....this is just what I do when I lease a car. Disclaimer: all numbers are just my guesses mostly based on reading this forum)
1)negotiate a cash price for the car (let's say about $500 over dealer cost..this is the end of the 2006's).
2) lease the car for 24 months using infiniti leasing's rates...don't allow the dealer to add a profit to the MF.
3)ask the dealer to buy your trade in from you...give you a check. Using your figure of 7000, he should be willing to lease you the car with no trade in..and give you a check for about $3776.
4) As part of the lease agreement, give infiniti credit four multiple security deposits (important: not down payments). You "loan" infiniti credit $2200 of the $3776 and you will get that back at the end of the 2 year lease...it's a security deposit.
5) Your monthly payments with the security deposits on the car you described will then be around $526 plus tax.
What you say? You want me to pay an additional $61 a month for 24 months. Where did that money come from?
Well, you got a check for $3776 and you "loan" the dealer $2200 of that so you still have $1576 to put in the bank. The extra $61 a month over 2 years is 24x61=$1464 which you pay from that bank account. You still will have $1576-$1464=$124 left in that bank account at the end of the lease...but remember that security deposit?? You will get back the $2200 at the end of the two years...so instead of having nothing at the end of the lease, you have $2324 in the bank. Hmmm...maybe this is interesting!!!
Now, this works with your particular trade, whatever it is, and a 24 month lease. If you want to lease for longer, it all changes....and, or course, since the MF is higher, you will pay more per month anyway.
Using your numbers which I assume are a 3 year lease, you still get the same $3776 check from the dealer, and you still give/loan the dealer the same 4 security deposits or $2200. That drops your lease cost to $509 or so. That's still $44 a month more than you were quoted. $44x36 months= $1584 in additional payments which comes out of that $1464 bank account (ok..you have to add $120 to it). At the end, you get back the $2200...so you are still $2200-$120=$2080 ahead of the lease you were offered.
Lots of numbers here...it's confusing...but in many cases, if you can afford it, you are better taking cash for your trade in, paying nothing down when you lease the car and using the cash for multiple security deposits which you get back instead of that down payment on the lease which you never see again.
Talk to the finance person at the dealer....most salesmen and unfortunately many finance people as well have no clue about multiple security deposits and almost everyone will try to tell you that the reduction in MF is so small that it won't matter....my advice is..run the numbers. Focus on the total amount you pay for the lease period and what you wind up with at the end.
By the way, not all car companies allow multiple security deposits, so this doesn't always work. Infiniti is one that does accept them which is why I took the time to post this long note.
Good luck....
I respoke with the dealer and they quoted me the 24 month financing your referred to and dropped the price of the car to $1000 over invoice so at least we are heading in the right direction -
Latest is m35 w/journey, navi, splash guards and mat
43500
24 months
mf .00042
residual 66%
payment 472 - but they are still using my trade as down payment.
Could you re-go over the trade issue and language I should use with dealer on how to handle.
Thanks so much!!
Should take this deal or wait to see if the July VPP numbers take the price down further.
Thanks in advance.
I'm not sure of the MF rate for the sport, but for the base m35 it's .00042 this month. You can lower that rate today to .00002 by "loaning" infinity 4 additional security deposits ($2800) which you will get back at the end of your lease. (each additional security deposit lowers the MF by .0001 and they won't let you go below 0). This would lower your payments in the area of $35 a month (plus tax). Over 24 months, you save $35x24=$840.
I think about it this way: If I set aside that $2800 in a bank and didn't loan it to infiniti, I would have to earn over 13% interest per year to make that $840.
Talk to your dealer....
Don't think I could have done better than this.
If we paid $500 over invoice for a base M35, what do you think the best MF and residual we could negotiate for on a 24 month lease? Thanks in advance.
M35 Sport with Journey Package, Sirius and "Appearance Package" (can't find it anywhere, but includes the rear spoiler, extends the length of the body and flare out a bit and further extensions on the front grill - a bit of a "Fast and Furious" look to the grill - nice addition to the already attractive look to the sport package)
$566/month plus taxes
10K/year
$3,000 total out of pocket at signing
Here's the vehicle - the "appearance" upgrade doesn't show on the website.
http://infinitiofdenver.com/New-Inventory.aspx?InventoryId=11683239
I'd tell you Purchase Price, etc. if I had any more info, but I was literally leaving the dealership as I told them they weren't near the deal on the E Class (initially were at $850/month with 0 down, wouldn't go any lower than $45K on a $47.5K list price after I brought up the VPP pricing I found for myself - email me on a side note on that, didn't have my Code, but they went lower as a 2nd salvo).
The Manager who I'd been talking to as well intercepted me on the way out and said "Give me a chance to make something happen". He seemed to do so.
Can I get some opinions on this deal from CarMan and anyone else?
Thank you.