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Infiniti M37 M56 Lease Questions

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Comments

  • ghstudioghstudio Member Posts: 972
    what rates are you mentioning? If you're talking to the Sarasota dealer, they are very up to date on all aspects of leasing so there must be some confusion on your end.
  • dbrowniefldbrowniefl Member Posts: 5
    Ft Myers & Naples. The Naples dealer insists that the MF is .0021 on the '06 AWD 24 mo 15K at 64% and what I say posted was 63% at .00021, which is significantly different. The Ft Myers dealer today quoted 66% and .00051. I'm looking for the best deal whether it's 24 or 21 months. I think the front right seat in the '06 will be a knock-out, but the '07s are so much more expensive on the MF.
  • arw45arw45 Member Posts: 3
    What MF were you quoted at the Naples Dealer for the 07's? For the M35, Journey, Tech, Adv Tech, 15k, I was given a .00259 / 75% for 21 months and .000233 for 24 months.
  • dbrowniefldbrowniefl Member Posts: 5
    Correct for the 21 mo., but your quote for the 24 month must have been .00233 not .000233 correct? (On the 07's) Any luck on the price?
  • arw45arw45 Member Posts: 3
    Yep one to many zero's. ;). So far I got a price of 45,200 (49,110) msrp.
  • sarasota1sarasota1 Member Posts: 1
    The Sarasota dealer is actually quite clueless. I called to lease an M35 and they never heard of the 21 or 24 month lease.
  • ghstudioghstudio Member Posts: 972
    Having leased a car from Coast Infiniti in Sarasota a couple of months ago, I can assure you that they are aware of those leases and understand multiple security deposits as well.

    If you are going to call a dealer, ask to speak to the sales manager or the finance manager. You may have wound up speaking to some new salesman who started that morning...can happen at any dealership.

    I just called them...they did have a new salesman just start :(. If you call again, ask for Richard.
  • comfortzonescomfortzones Member Posts: 37
    Car_man, have the money factors, terms and residual values for the 2007 M35X been released for October yet? (Thanks for all of your hard work.)
  • spark763spark763 Member Posts: 13
    I leased a 2007 M35X in Massachusetts, no options, list was 45200.

    Gross cap cost 42995
    Acq fee 550
    Total 43545
    Cap Cost Red -6413 Trade
    Adj Cap 37132

    Res Value 33448
    Dep 3684
    Rent 2845
    Monthly payment 6529

    Payment 311 per month 21/12000 per year, no sec deposit.
    Traded in G35x

    Any suggestions for next time

    Thanks
  • ghstudioghstudio Member Posts: 972
    Unfortunately, You would have saved money if you had read thru this forum BEFORE you leased the car.

    You should never put additional cash into the deal up front to pay down a lease...that $6413 would have been much better spent buying down the interest rate with multiple security deposits.

    You also may have a problem if your car is totaled..you may not get that prepaid amount back since it's considered part of the lease payments already made...not something that's prorated across all the payments.....that's also covered in this forum.

    But you do have a great car....and you did negotiate a very good discount...so enjoy. Read the forum for ideas that you can use in 21 months.
  • wantabentleywantabentley Member Posts: 31
    If you go to the Roadfly leasing forum, you'll find them listed. Infiniti is offering some very good residuals right now with competitive money factors on the M class cars. They also have a 21 month special with around a 75% residual and .00219 mf. Good luck.
  • spark763spark763 Member Posts: 13
    Thanks for the information, I figured out that the money factor was .00192. Can you put security deposits down even when one is not required. How much would the deposits lowered the money factor.
  • fogdog88fogdog88 Member Posts: 4
    Went to Infiniti and Lexus of Manhattan (lexus another story - they "lost the key" to the only gs350 on premises :confuse: ). Anyway - $459 for M35x add another 56 for advanced tech. They were a bit hazy with the details - but what they mumbled was 10k / 24mth, MF 0.00093. I suppose I could back out the actual price, but they wouldn't give that to me. The Infiniti guy said they stopped multiple security deposits in 98 (???) and the Lexus guy said they are illegal in NY. Fun day ... Anybody want to do the math or comment on the price or multiple security deposit issue? Thanks all.
  • wantabentleywantabentley Member Posts: 31
    Infiniti Financial Services lease rates for Oct on the M AWD is 24 mo/12k mi – Residual Value 70% of MSRP – .00213 Base Money Factor Rate.Add another 1% to residual for 10k miles per year. BUT, that MF of .00093 is either a mistake by you or them, the MF from some other financing entity, or BS from the dealer. If you go to a lease calculator at leaseguide.com, with your MSRP, you could figure out the details. BTW, NY laws are a world unto themselves so anything is possible.
  • ghstudioghstudio Member Posts: 972
    Perhaps your infiniti salesman last read infiniti's terms in 1998, but if he read them today, he would find that infiniti certainly does offer a multiple security deposit option. I leased an M35 two months ago using multiple security deposits to lower my MF (each security deposit reduces the mf by .0001.

    I am beginning to think that those that can't succeed at any other job suddently become leasing experts at car dealers :(.

    Yes, Infiniti still offers multiple security and I don't believe that they are illegal in NY (or any other state).

    That M35x quote sounds like it's for an 06 car. If you could lease a 2007 M35x with adv tech for $515 a month for 24 months, you have a great deal. I suspect there's some money down that they just "forgot" to mention or, they will just "discover" that they used the 06 mf. I lived in NYC and never found a good dealer for any car in NYC....I bought cars in the suburbs. The current MF for 07 M35x's is over .002...not .00093....so I'm pretty sure when you go back to that dealer he will be dancing around all kinds of terms and conditions that he thought you just knew :) .

    If you do lease a car, please walk out the door paying the first month's lease payment and registration fees...if your state requires you to pay taxes up front, you pay that too...but make sure it is actually required (call the state and ask). The only other payment you should make is for multiple security deposits which are reducing your interest rate BUT (VERY VERY IMPORTANT) which you get back at the end of the lease. No other charges...no administrative fee, no bank fee, no nothing else....and absolutely no money down on the lease up front.

    If you might go over 10K miles, you are more than likely better off getting a 12K lease....it's only a few dollars more a month and less than you'll pay for the overage on miles. Make the dealer run both (don't let the salesman guess at the difference in monthly cost).
  • casey350casey350 Member Posts: 10
    I looking at leasing a M35 Sport with the Tech package. This will be may first lease so I have a few questions. I saw on infiniti.com that they have a 21 month lease special. It is 12k/year and it is an M35 with tech+journey packages. Here are my questions:

    If I lease the M35 Sport listed above will I get the same rates as the non Sport model lease special they have? I know the one I want is about 2k more so I know my payments will be more but will the Residual and MF stay the same?
    Also, I want 15k per year, does it just change my monthly payment a little bit? One last question, everything I have read about leasing says to not put any money down towards a lease, but the lease special says $3,000 down payment. Should I put the 3k down or not? I am going to infiniti tomorrow to talk numbers for the first time. Thanks in advance!
  • wantabentleywantabentley Member Posts: 31
    I will be leasing an M45 Sport this week on the 21 month program. Don't put anything down. I am only giving them the first month's lease price + nothing else upfront. The M45 21 month program has a 76% residual with 12k miles. With 15k miles, it should be a 75% residual. Remember to negotiate the cap cost -- don't let them use MSRP or anything close. I was able to negotiate 8.5% down from MSRP.Money factor was .00219. They should also be able to offer you to buy down the MF by adding multiples of the security deposit (if they require one from you) and for each sec dep, you reduce your MF by .0001. Giving them 5 sec deps would reduce payments in the neighborhood of $30-40 monthly and at end of lease, you'll get back the sec dep. DO NOT put anything toward a down payment - bad idea IMO. Good Luck,
  • ghstudioghstudio Member Posts: 972
    Each M35 model has it's own leasing rates and residuals. It's easy to figure how the monthly cost changes....To get the residual for 15K miles per year, just subtract 1% from the 12K residual. Residual is based on list price, not on your negotiated price....so negotiate your price first...then figure out the lease. You don't pay list price and then lease the car....which is what some dealers, of course, would like you to do.

    The only reason Infiniti suggests $3k down is because most people who lease only focus on the monthly payments. Now that you've read this forum (I hope), you know that you can save money and cut your risk by paying nothing down. I'm pretty sure that they will give you the same mf and residual with no money down(assuming you are a good credit risk). Use that extra $3k to make multiple security deposits which will lower the MF and reduce the total leasing cost...and the big difference between a multiple security deposit and money down is that you will get those security deposits back at the end of the lease.....and they will lower the interest on the lease. It's a win/win for you.

    I believe that the "special" is just some way to package the standard MF and residuals to make the infiniti look cheap to lease on a monthly basis. $3K down on a 21 month lease just allows them to advertise a lower monthly cost, but really you are paying $3000/21= $143 per month more than they quoted..your just paying that money up front. Don't fall for that ... go the multiple security deposit route and save money....look at total lease cost, not just the monthly payment.
  • djdezdjdez Member Posts: 119
    Damn, this web site has been a valuable resource for YEARS ! I used Car_man's and some others' advice to get my '03 M45 at an incredible $3600 BELOW invoice (yes invoice) back in September of '03 - I put NO money down and was paying an ridiculous $401.00 per month payment (tax included) for 36 months, on a $46500 car !!! Well, sadly the lease was up on the '03 and it was time get something else - I really hated parting with car as I loved it's exclusivity. I loved the new M from when it came out, but figured I'd never be able to get a deal as good as my old M. I was close to pulling the trigger on an FX lease -- the 12 month was extremely attractive. If I went the Multiple Security Deposit route I would have been close to my payments on the '03 M45 so I almost did it ... I even tried this on an '07 M35x just to see, and the best they could come up with (since the packages changed from '06 to '07) was around $600/mo with no money down and 5 or 6 security deposits on that new 21 month lease special.

    Well, I found out that the 21 month special was still available on remaining '06 M's - if you were lucky enough to find one ! The mf was extremely low at .00006 (so, no need to do MSD's) and the residual was still good at 69% ... after much scouring around a few states, I was able to find a leftover '06 M35x with everything I wanted (MSRP - $46940) and got them to move the car almost $1000 BELOW invoice ! I didn't have to put any money down (just inceptions due at signing - first month, ttl, etc) and I was able to lease at around $520 a month (tax included) .. sure, it's not the $401 I was paying on my '03 M45 (that was a once in a lifetime deal), but I'm pretty satisfied !!

    But - do remember -- NEVER put any money down on a lease - GO the Multiple Security Deposit route if you have to. You GET THAT MONEY BACK ! I was all ready to do the msd's on this M, but didn't have to because with the money factor being so low at .00006 - it equates to an interest rate of .144% -- even better than my last lease ! I would have to say Infiniti/Nissan has some of the most aggressive money factors out there !

    So, thanks again to Car_man and everyone else who helped me secure yet another good lease deal ! I'll be back in 21 months !!! Nah, that's a lie - I still check this site every week -- it's a weird obsession !
  • mattsammattsam Member Posts: 25
    OK I am NO where near the lease deals you guys are getting. Tell me what I'm missing.

    This is the vehicle I think they will go down the most on-
    M35 Sport with the Xenon lights, homelink, ect.. package. I forgot the name.

    These are the numbers:
    MSRP $45,330.73
    Cost $44,780.73 - I know that is not good, but let me know a target
    Bank Fee $550
    Residual 62%
    Doc Fee $35.00
    License Fees $162.50
    Rate 0.500 That is not a money factor?? What would that money factor be. He is telling me there is no reason to reduce that rate because it is so low.

    Depreciation $695.54
    Rent $36.98
    Tax 65.93
    Total $798.45

    That can not work, that is putting nothing down.
    Matt
    Thanks in advance
  • peteypaulspeteypauls Member Posts: 13
    THis is my first lease, so I could really use the help. Here is the situation. I was offered the 21 month deal as well at 12k miles.
    MSRP - 48,360
    Not sure what the actual cost is but they said around 46,500
    Money Factor - .000192
    Residual Value - 74%

    So, they first gave me a cost of 620/month. With upfront of $2450 (NY 8.5% tax, first month and bank fees). However, i wanted to keep the payments nearer to 550. So they said if I were to give them another 500.00 up front, the monthly would now be 558.91.

    My first question is obviously if this is a good deal. 2nd, I see here there are issues about putting money up front. Does that exclude the tax, bank fees, etc.? Should I put the extra 500 as a security deposit?

    Finally, are there any cons in going with such a short lease?

    Please let me know. Your help is appreciated.
  • ghstudioghstudio Member Posts: 972
    If your numbers are correct, then your monthly payment would be $525 per month plus tax...without any additional $500 downpayment....so there is something amiss. You obviously have a salesman (or dealer) that wants to blow smoke rather than give you facts....the actual capitalized cost is not "around"...it's a number.

    A MF of .000192 is an interest rate of around .46%....infiniti's rate for the 07 cars is more like 5% plus.

    Now, if your monthly cost is $525 and the bank fee is $550 (that's infiniti's rate), then you are still paying $2450- 1075 or $1375 for something else at closing. Is that NY state tax...if so, please explain how they arrive at that figure. Sure, I can understand 8.5% tax on the monthly payment...that's roughly $45...so why are you paying $1375??? By the way, the bank fee should be part of the lease...you do not have to pay it up front.

    You need to get the real facts...and if the dealer won't give them to you and explain them, run, don't walk to the nearest exit.
  • ghstudioghstudio Member Posts: 972
    For one thing, you are not telling us the length of the lease you are considering.

    My guess is that the lease interest cost is about 5% which is a MF of about .002...which is about right for an 07. We can't help with price negotiations...check edmunds for the cost and go from there....there is no magic unless you are eligible for the VSP program. Bank fee $550 is standard, license fees sound right. I don't think your dealer can lower the MF because infiniti sets it. You can lower it by making multiple security deposits...read back in the forum on this topic.

    There have been some terrific deals on the 06's but the 07's are not cheap....and you can't compare the 06 leases to the 07 leases.
  • mattsammattsam Member Posts: 25
    I know I forgot, was typing too fast

    This is a 2006! And its 24 months, sport
  • peteypaulspeteypauls Member Posts: 13
    Thanks ghstudio. I will get the actual cap cost which I obviously need. He may have written the MF incorrectly (probably .00192 which would be around 4.6%) but I will confirm.

    Initially the monthly was at $620/month. So this plus the $550 bank fee and 8.5% tax on $620*21 months would come out to around 2276. Somehow they are coming up with $2384.

    Once I get the actual cap cost and money factor I will repost.
  • djdezdjdez Member Posts: 119
    Matt - if it IS a 2006, then tell them you want the 21 month lease that is STILL available -- just for kicks I had them run mine for 24 months, and with the change in residual value the payment was like $75 MORE per month ...

    So, have them run the 21 month lease -- I think the money factor will be comparable to mine, if not better -- I recall the sport model being .00001 - but ask Car_man to be sure ... residual should be around 68% or so. You will NOT need to make any multiple security deposits because the money factor is already extremely low.
  • djdezdjdez Member Posts: 119
    peteypauls, On the 2007's the money factor IS .00192 (4.608%) - I know this because I was entertaining a lease on a 2007 when I couldn't find any 2006's - well, it was for September, and I think it remained the same for October - confirm with Car_man ... You CAN do the multiple security deposit on this lease and if you do 9, you will reduce the mf to .00102 (2.448%) - as you can see, it almost cuts it in half. If you can afford to lay out around $4725 (525x9) for 21 months - then you will be saving quite a bit on your monthly payment ... and you WILL get that money back at the end of the lease !
  • gerrygerrygerrygerry Member Posts: 22
    Can yopu explain in detail how the "multiple sec dep lease" works as I am about to lease a 2007 black M35X with nav. I am in N NJ and so far have a dealership at cost and am worknig on 3 others to see if I can end up at $1,000 below invoice.

    Any advice on this and how to proceed would be most appreciated!

    GMan
  • ghstudioghstudio Member Posts: 972
    just tell the dealer you want to make multiple security deposit option offered by Infiniti Leasing.

    For each security deposit (up to 9) you will reduce your MF by .0001. Each security deposit is equal to the amount you would pay monthly with no multiple security deposits rounded up to the nearest $50.

    That's part of the lease terms and has nothing to do with the price you negotiate for the car.

    If you have a dealer selling you a 2007 M35x at cost, you must be either married to his daughter :) b)there is a large "administrative fee" built in that they haven't mentioned or c) they have included one of the body protection, seat protection packages that are pure dealer profit. It might be wise to post the total lease deal you're being offered here BEFORE you sign the lease papers.
  • mattsammattsam Member Posts: 25
    It is a 2006 Sport or Std if I want, they have about 6 of them left. Money factor was .00021 (he just told me .5 is the rate)
    I know its the price a std 2006 Sport for $44,780 is only $500 off MSRP.
    He told me 24 or 21 months are the same price??

    Also, can someone tell me what $1000 down on a $42K Car with a MSRP of $45 should move the Lease? How can I figure that out.

    Last one, where are teh best lease calculators?
    Thanks
    Matt
  • gerrygerrygerrygerry Member Posts: 22
    I just called 4 dealers and asked them one by one how much under invoice can they sell it to me. 1 was even another $250 and just a few minutes ago $500 under.

    I was up front with them and they respected that. I am ready to buy today and that is a plus. And if his daughter is hot I will...well..lets get back to cars.

    Can anyone tell me if i should expect to pay:

    lease fee
    1st mos payment
    luxury tax in NJ
    tire tax?
    etc.

    What can I expect on the lease agreement that others have seen in NJ?

    Thanks.
  • ghstudioghstudio Member Posts: 972
    I am pretty sure there is a different Money Factor and residual for 21 and 24 month leases

    $500 off MSRP at this point is not very good (and I'm being very kind)....maybe a few hundred over cost (see edmunds for the cost) would be right.

    If you put $1000 down on a 24 month lease, you can just divide that $1000 by 24 and you will reduce your monthly payments by about $41. If it's a 21 month lease, divide by 21....but don't do it...use that $1000 to make one additional security deposit and reduce your MF by .0001. You will save money and get that security deposit back. Don't focus on monthly payment, focus on total cost.

    Can't help on a lease calculator. One was posted here a while back and I use it. Do a search of this forum for lease calculator.
  • ghstudioghstudio Member Posts: 972
    I am going to come to NJ for my next car :) or hire you to do the negotiations.

    Your payment when you pick up your car should be:

    1)first month lease fee (same as the other monthly lease fees)
    2)registration or transfer fee
    3)any taxes required by law in your state
    4)if your credit is poor, I think infiniti may require one month's security deposit, but that is pretty rare.

    The only other check you might write is for additional security deposits.

    Important note: If you are trading in a car, make the dealer give you a check for anything more than the required "out the door" amount shown above....do not leave the money with the dealer as a "down payment" to lower your monthly payments. See many posts on this and multiple security deposits.

    No, you don't have to pay the following fees up front (or perhaps ever)...

    1) dealer administrative fee (try to negotiate this out of the deal...if you can't, then roll it into the lease)
    2) bank fee (roll it into the lease and it's $550 for infiniti leases)
    3) protection package (pure profit to the dealer)
    4) any lease insurance (if you must, roll it into the lease)
    5) extended warranty (get real...you are leasing for less than the standard warranty)
    6) any other fee that you don't clearly understand. Look at every fee charged to you on paper...don't take the salesman's word on anything.
  • mattsammattsam Member Posts: 25
    This is getting near impossible. I talked to 4 people at one Dealership to try to explain why I would pay taxes on the FULL negotiated sale price on a 21 month lease.

    I think I can run IFS!
    There is a $399 lease with $3000 down plus TT&L advertised on a 2006 21 month lease.

    This is what they are telling me-
    $6757.14 at drive off and $514per month- What in the world.
    I told him to take out the 3k and its now $3757 and $810/month on a $39,500 car

    Someone advise!

    Matt
  • peteypaulspeteypauls Member Posts: 13
    Interesting. So, as opposed to just putting the first month down, I would use it as a security deposit. Good stuff. I'm going to call around as well. I live in NY, so will call into NJ as well. You guys have been a big help.

    Which actually leads me to another question (sorry if this is the wrong thread for this). NY taxes are up front and NJ's are monthly. I am looking to move back to NJ. If I pay the NY taxes up front, will NJ then ask me for it's own sales tax monthly once I move and register the car? the tax is based on where it is registered, not where it is bought, correct?
  • gerrygerrygerrygerry Member Posts: 22
    what do you mean by:

    "So, as opposed to just putting the first month down, I would use it as a security deposit. Good stuff"
  • gerrygerrygerrygerry Member Posts: 22
    Hi carman,

    Here is my deal...

    $500 below cost or 43,731 with a msrp of 48,280

    I will put zero down and as many sed deps as i can .

    please sage...tell how to lower my monthly payments and what to do exactly.

    Thanks man!
  • gerrygerrygerrygerry Member Posts: 22
    it was like $7 when I took a peak at a pre-deal meeting last night. I go back tomorrow to do the deal

    thanks!!!
  • ghstudioghstudio Member Posts: 972
    Don't confuse the "give away" lease on the 2006's with any lease on a 2007. The 2006's are a great deal, if you can find one.

    For a 2007, a 21 month lease on a 2007 M35 base car leased for list price at Infiniti's Sept rates (I think Oct are the same) would cost $685 per month with the first payment being the first $685 plus taxes and registration costs. Add to that 7% taxes on the 21 months of $685 payments, an additional $1007....I don't care if NJ gets it up front or each month..that's what they get in taxes. total cost with taxes should be in the neighborhood of $15362.

    Your dealer is telling you that a 2007 will cost you $514 x 21 months plus $6757 for a total of $17551. I can only assume that they believe you have to pay taxes on the full cost of the car. I don't live in NJ, but reading the NJ tax law, I think you only have to pay on the total of your lease payments....you'll have to figure that out...why don't you just call the state and ask.

    The $810 a month quote is unexplainable....
  • ghstudioghstudio Member Posts: 972
    no, you don't have an option not to pay the first month's payment :) You always pay the first month's payment when you pick up the car.

    But, if you were thinking of putting more money down, don't do it...use that money to make multiple security deposits. Read back in this forum...it will save you money.
  • ghstudioghstudio Member Posts: 972
    I'm not carman, but if you don't mind an answer from someone else....you can make a maxiumum of 9 (extra) security deposits which will lower your MF by .0009 and that will lower your monthly payments.

    The only other option you have is to wait to see if some special deal comes along or the rates go down...but of course they also could go up.
  • mattsammattsam Member Posts: 25
    ghstudio, I'm in Louisiana, but I will call around

    This is the last deal on a 2006 Base model with nothing-final numbers
    Advertised is $3000 down + 1st payment + Fees Due and $399 per month This comes out to 6757.14 at delivery and $514 a month??? Vehicle price of $40,015.00 with a .00002 money factor (so they say)
    He did this $3000 down + $40,015x6.25% tax of $2501 + 550 bank fee + $174 + $417 first payment =near $6757.
    Monthly note of $417
    Total $15097

    Now online at infiniti.com they show this

    2007 M35 Sedan + Journey + Tech - 21 months - $550/Month - $3,550 initial payment.

    Excludes taxes, title, license, and options. $3,550 initial payment required at consummation. (Includes $3,000 consumer down payment, $550 first month payment, $0 security deposit). For well qualified lessees

    If my taxes are 9% wouldn't my payment be $550 a month, with walk out $3550 + taxes 1039 (550 x 21 x .09) + Bank fees 550 + other fees $150 = 5239
    Total $16239?
  • juneblaizejuneblaize Member Posts: 4
    Anyway, today I decided to test drive an m45 sport. Nice ride I must say but wasn't to impressed with the speaker system. After the test drive I went ahead and sat down for some playful negotiations. I told them my options would be

    AERO KIT
    ADVANCED TECH
    TECH PACK

    Mind you I already did my calculations, with the start ups(,tax, gov fees, and Doc fee paid up front with no cap reduction($0 down). I started by saying I'm willing to buy or lease this car at invoice for $51818. The salesmen goes to the finance manager comes back with numbers like $853.20 for 21mths. I laughed at that and sent the salesman back to the finance manager with my figures which i did in front of him for $644.37 21mths. The sales and finance fools sat in that room for 15 minutes only to re-emerge with an offer that was $30 dollars cheaper. Immediately I questioned the salesperson and finance manager about their tactics. The finance manager finally gives me a print out of the supposed lease which I believe to have been doctored big time. This deal review was like trying to decipher the Samarian Tablets see for yourself.

    Cap Cost - 51319.00 ?
    Tax - 1514.68
    Bank Fee - 550
    Total Cap - 53383.68 (he rolled tax, wasn't supposed to)
    Residual 75% - 40312.50(No MSRP, might've lowered Resid)
    Total Depriciaton - 13071.18 (Way to high I think he made a cap cost of - $57036
    Depreciation - $622.44
    Rent - $205.19
    Rate - 2.190
    Total Payment - $827.63

    He even went as far as to say that I miscalculated yeah right!
    He was the one who miscalculated with those fake numbers
    but trust me i won't be giving up no time soon....

    Oh yeah, as I was leaving the payment so mysteriously became $707.31 but I told them to beat it.
  • peteypaulspeteypauls Member Posts: 13
    Thanks. Maybe I miscommunicated. They asked for the first month ($620), bank fees and tax upfront. They also said if I put another $500 down (didn't mention security deposit), that I would lower my payment to $558.91/month. My thought was as opposed to putting down non refundable $500, just put down a $558 security deposit. Not sure it the security deposit would reduce the monthly costs as much as the $500 down though. I'd have to figure out the numbers. The lease calculator I found only works for a minimum of 24 months and I am looking at the 21 month.
  • ghstudioghstudio Member Posts: 972
    Peteypauls...There is magic in the air....

    If you put $500 more down on a car, it should lower your payment by very roughly $500 (the amount you prepay)/21 (the length of the lease) = $23.81 a month. Your dealer is telling you that If you give them an additional $500, they are going to lower your payment by $620-$558 = $62 a month or over 21 months, that's a $1302 saving over the lease.

    That's one heck of a good leasing deal.....I wonder how they are going to do it???
  • ghstudioghstudio Member Posts: 972
    mattsam...I don't know the Louisiana tax law...there are a few states that seem to require that the original leasor pays the tax as if they buy the car outright. I think that's crazy, but check with your state dept of revenue. In most (sane) states, you pay the tax on your payments, not on the full car.

    One note...no one really leases for the full price of the car...you negotiate the discounted price first as if you were buying it for cash, then you apply the leasing numbers against that price. The residual is based on the list price (MSRP), but the lease is based on your negotiated price..
  • mattsammattsam Member Posts: 25
    Maybe Louisiana is one of those dumb states (it wouldn't shock me)!

    I know about the negotiated pricing. I just still can't get the numbers even close!
    Matt
  • ghstudioghstudio Member Posts: 972
    according to my calculator which is pretty close to Infiniti's.....

    msrp 54000 vehicle price 51319 bank fee 550
    residual 75% Money Factor .00219 term: 21 months

    I get a first month payment of $743 + registration fees and a monthly payment of $743 plus tax.

    I haven't figured in tax because different states tax differently. Bank fees are rolled into the lease.

    With 9 security deposits (the max), the MF drops to .00129 and your monthly payment drops to $660.... all plus tax

    I think you actually may have miscalculated ....
  • juneblaizejuneblaize Member Posts: 4
    You can't calculate that ghstudio for the simple fact the msrp
    is $56840 not $54000 on the particular model I want. Run the numbers with the $56840 Msrp and Invoice of $51818, at 21 months with the mf .00204 let's say it is .00219. Either way with no money down the payment should have been $644.37 with a MF of .00219 or $630.20 with a MF of .00204 and remember do not include tax(8.625)NY and fees they have been paid upfront.


    INFINITI Captive Lease Rates & Residuals – Effective 10/11/06

    These lease rates are for reference only and may vary by region. The dealer does not have to offer you these rates. It’s always best to compare other lease programs through other sources such as LeaseCompare.com.

    2007 Infiniti M35 4dr Sedan / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 69% of MSRP – .00213 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00230 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00273 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00282 Base Money Factor Rate

    24 mo/12k mi – Residual Value 70% of MSRP – .00213 Base Money Factor Rate
    36 mo/12k mi – Residual Value 58% of MSRP – .00230 Base Money Factor Rate
    48 mo/12k mi – Residual Value 43% of MSRP – .00273 Base Money Factor Rate
    60 mo/12k mi – Residual Value 36% of MSRP – .00282 Base Money Factor Rate

    2007 Infiniti M35 4dr Sedan AWD / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 68% of MSRP – .00195 Base Money Factor Rate
    36 mo/15k mi – Residual Value 56% of MSRP – .00220 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00273 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00281 Base Money Factor Rate

    24 mo/12k mi – Residual Value 69% of MSRP – .00195 Base Money Factor Rate
    36 mo/12k mi – Residual Value 57% of MSRP – .00220 Base Money Factor Rate
    48 mo/12k mi – Residual Value 42% of MSRP – .00273 Base Money Factor Rate
    60 mo/12k mi – Residual Value 35% of MSRP – .00281 Base Money Factor Rate

    2007 Infiniti M35 4dr Sedan Sport / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 67% of MSRP – .00195 Base Money Factor Rate
    36 mo/15k mi – Residual Value 55% of MSRP – .00230 Base Money Factor Rate
    48 mo/15k mi – Residual Value 40% of MSRP – .00275 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00280 Base Money Factor Rate

    24 mo/12k mi – Residual Value 68% of MSRP – .00195 Base Money Factor Rate
    36 mo/12k mi – Residual Value 56% of MSRP – .00230 Base Money Factor Rate
    48 mo/12k mi – Residual Value 41% of MSRP – .00275 Base Money Factor Rate
    60 mo/12k mi – Residual Value 35% of MSRP – .00280 Base Money Factor Rate

    2007 Infiniti M45 4dr Sedan / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 70% of MSRP – .00226 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00207 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00270 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00285 Base Money Factor Rate

    24 mo/12k mi – Residual Value 71% of MSRP – .00226 Base Money Factor Rate
    36 mo/12k mi – Residual Value 58% of MSRP – .00207 Base Money Factor Rate
    48 mo/12k mi – Residual Value 43% of MSRP – .00270 Base Money Factor Rate
    60 mo/12k mi – Residual Value 36% of MSRP – .00285 Base Money Factor Rate

    2007 Infiniti M45 4dr Sedan Sport / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 69% of MSRP – .00204 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00210 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00275 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00285 Base Money Factor Rate

    24 mo/12k mi – Residual Value 70% of MSRP – .00204 Base Money Factor Rate
    36 mo/12k mi – Residual Value 58% of MSRP – .00210 Base Money Factor Rate
    48 mo/12k mi – Residual Value 43% of MSRP – .00275 Base Money Factor Rate
    60 mo/12k mi – Residual Value 36% of MSRP – .00285 Base Money Factor Rate
  • juneblaizejuneblaize Member Posts: 4
    Gh studio ran the wrong car here we go....
    MSRP
    is $58290 not $54000 on the particular model I want. Run the numbers with the $58290 Msrp and Invoice of $53147, at 21 months with the mf .00204 let's say it is .00219. Either way with no money down the payment should have been $661.15 with a MF of .00219 or $646.63 with a MF of .00204 and remember do not include tax(8.625)NY and fees they have been paid upfront.

    INFINITI Captive Lease Rates & Residuals – Effective 10/11/06

    These lease rates are for reference only and may vary by region. The dealer does not have to offer you these rates. It’s always best to compare other lease programs through other sources such as LeaseCompare.com.

    2007 Infiniti M35 4dr Sedan / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 69% of MSRP – .00213 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00230 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00273 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00282 Base Money Factor Rate

    24 mo/12k mi – Residual Value 70% of MSRP – .00213 Base Money Factor Rate
    36 mo/12k mi – Residual Value 58% of MSRP – .00230 Base Money Factor Rate
    48 mo/12k mi – Residual Value 43% of MSRP – .00273 Base Money Factor Rate
    60 mo/12k mi – Residual Value 36% of MSRP – .00282 Base Money Factor Rate

    2007 Infiniti M35 4dr Sedan AWD / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 68% of MSRP – .00195 Base Money Factor Rate
    36 mo/15k mi – Residual Value 56% of MSRP – .00220 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00273 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00281 Base Money Factor Rate

    24 mo/12k mi – Residual Value 69% of MSRP – .00195 Base Money Factor Rate
    36 mo/12k mi – Residual Value 57% of MSRP – .00220 Base Money Factor Rate
    48 mo/12k mi – Residual Value 42% of MSRP – .00273 Base Money Factor Rate
    60 mo/12k mi – Residual Value 35% of MSRP – .00281 Base Money Factor Rate

    2007 Infiniti M35 4dr Sedan Sport / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 67% of MSRP – .00195 Base Money Factor Rate
    36 mo/15k mi – Residual Value 55% of MSRP – .00230 Base Money Factor Rate
    48 mo/15k mi – Residual Value 40% of MSRP – .00275 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00280 Base Money Factor Rate

    24 mo/12k mi – Residual Value 68% of MSRP – .00195 Base Money Factor Rate
    36 mo/12k mi – Residual Value 56% of MSRP – .00230 Base Money Factor Rate
    48 mo/12k mi – Residual Value 41% of MSRP – .00275 Base Money Factor Rate
    60 mo/12k mi – Residual Value 35% of MSRP – .00280 Base Money Factor Rate

    2007 Infiniti M45 4dr Sedan / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 70% of MSRP – .00226 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00207 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00270 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00285 Base Money Factor Rate

    24 mo/12k mi – Residual Value 71% of MSRP – .00226 Base Money Factor Rate
    36 mo/12k mi – Residual Value 58% of MSRP – .00207 Base Money Factor Rate
    48 mo/12k mi – Residual Value 43% of MSRP – .00270 Base Money Factor Rate
    60 mo/12k mi – Residual Value 36% of MSRP – .00285 Base Money Factor Rate

    2007 Infiniti M45 4dr Sedan Sport / Compare Instant Lease Quotes (10)

    24 mo/15k mi – Residual Value 69% of MSRP – .00204 Base Money Factor Rate
    36 mo/15k mi – Residual Value 57% of MSRP – .00210 Base Money Factor Rate
    48 mo/15k mi – Residual Value 42% of MSRP – .00275 Base Money Factor Rate
    60 mo/15k mi – Residual Value 34% of MSRP – .00285 Base Money Factor Rate

    24 mo/12k mi – Residual Value 70% of MSRP – .00204 Base Money Factor Rate
    36 mo/12k mi – Residual Value 58% of MSRP – .00210 Base Money Factor Rate
    48 mo/12k mi – Residual Value 43% of MSRP – .00275 Base Money Factor Rate
    60 mo/12k mi – Residual Value 36% of MSRP – .00285 Base Money Factor Rate
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