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2014 Infiniti QX60 Lease Questions

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  • sdhlawsdhlaw Posts: 8

    Hello Kyfdx. Would you please tell me the MF and residual value for a 2014 QX60 FWD 48mo and 10K per year lease. Thanks.

  • kyfdxkyfdx Posts: 27,881

    @agiancommo said: Hello kyfdx. Can you please tell me the March MF and Residual on the AWD QX60 in CA. I'm looking at 36mo and 15K/yr lease. Thanks in advance.

    .00086 MF and 58% residual

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  • Hello KYFDX,

    Need help in evaluating this lease deal:

    2014 QX60 3.5 AWD w/Premium and Premium Plus Pkg., Roof rails and cross bars, splash guards, rear bumper protector, cargo pkg w/o deluxe touring pkg

    MSRP w/destination charge: $49,895 Dealer Invoice: $46,727

    Sale Price: $46,669

    Added to sales price are following items:

    2 lease pymts on current Infiniti lease $1,164 Doc fee $200 Acq fee $700 Sales Tax: $2,924

    Bringing Total Cap Cost to: $51,657

    Residual Value $29,438 (59% of MSRP)

    Money factor: .00098 (Dealer says this is the best Tier 1 rate on this vehicle)

    Zero money down

    No trade in value given on FX 35 due to high residual value

    Lease Terms: 36 mo./12,000 miles

    Lease Payment $650

    Do you think this is a good deal?
    Dealer claims there is no lease loyalty cash, holdback or cash incentive available on this model. Dealer says holdbacks stopped on this model post January 1. Is this true? Dealer quotes a lower MF of .00078 on a Q50 (same lease terms) - is the money factor on the QX60 the best I can get? Is it proper to add Infiniti lease pull through payments of $1,164 to Cap Cost?

    I want to get the deal done soon but I just need some clarification on the terms. - Thanks for your help!

  • kyfdxkyfdx Posts: 27,881

    @shepherd0309 said: Hello KYFDX,

    Need help in evaluating this lease deal:

    2014 QX60 3.5 AWD w/Premium and Premium Plus Pkg., Roof rails and cross bars, splash guards, rear bumper protector, cargo pkg w/o deluxe touring pkg

    MSRP w/destination charge: $49,895 Dealer Invoice: $46,727

    Sale Price: $46,669

    Added to sales price are following items:

    2 lease pymts on current Infiniti lease $1,164 Doc fee $200 Acq fee $700 Sales Tax: $2,924

    Bringing Total Cap Cost to: $51,657

    Residual Value $29,438 (59% of MSRP)

    Money factor: .00098 (Dealer says this is the best Tier 1 rate on this vehicle)

    Zero money down

    No trade in value given on FX 35 due to high residual value

    Lease Terms: 36 mo./12,000 miles

    Lease Payment $650

    Do you think this is a good deal?
    Dealer claims there is no lease loyalty cash, holdback or cash incentive available on this model. Dealer says holdbacks stopped on this model post January 1. Is this true? Dealer quotes a lower MF of .00078 on a Q50 (same lease terms) - is the money factor on the QX60 the best I can get? Is it proper to add Infiniti lease pull through payments of $1,164 to Cap Cost?

    I want to get the deal done soon but I just need some clarification on the terms. - Thanks for your help!

    Are you sure this isn't a 39 month lease? Because, that would match the residual, and the lease payment calculates correctly using 39 months. On a 39 month lease, I show the money factor as .00088, not .00098, though...

    Why the hurry in leasing before your other lease is up? I'd hate to eat $1200.. I don't have an answer for your holdback question. The only way to know if you can get a lower price is to shop another dealer.

    MODERATOR
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  • Oops - I did put in the wrong lease term. It is 39 months. Thanks. I'll shop this around.

  • mojomikemojomike Posts: 3

    @kyfdx@Edmunds said:

    Is there a difference between hybrid and non hybrid MF and residual?

    If so could you please list MF and residual for QX60 hybrid FWD and AWD, 36 months and 39 months, 10k and 12k miles per year.

    Thanks.

  • waddah0awaddah0a Posts: 13

    Hi kyfdx What are the MF and RV on AWD Hybrid for March? Is the following a good deal in Indiana? (this was from Feburary and did not negotiate again this month): QX60 AWD with Hybrid Premium plus and Theater package (Floor Mats, Literature Kit, Rear Bumper Protector, Roof Rail Cross Bars, Roof Rails, Splash Guards) MSRP $54,885 Negotiated price is $51555 (stating it is $300 above invoice) $0 down. 36 months/12k Payment due at signing 724 including first month payment. Monthly payment $629 excluding tax. What is the trend now? Should I get the price below invoice?

  • kyfdxkyfdx Posts: 27,881

    @mojomike said: Is there a difference between hybrid and non hybrid MF and residual?

    If so could you please list MF and residual for QX60 hybrid FWD and AWD, 36 months and 39 months, 10k and 12k miles per year.

    Thanks.

    FWD:
    .00086 MF and 57% residual for 36mo, 12K/yr. 58% for 10K/yr
    .00087 MF and 56% residual for 39mo, 12K/yr. 57% for 10K/yr.

    AWD
    .00107 MF and 59% residual for 36mo, 12K/yr. 60% for 10K/yr.
    Subtract 1% for 39 month term from either number.

    MODERATOR
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  • kyfdxkyfdx Posts: 27,881

    @waddah0a said: Hi kyfdx What are the MF and RV on AWD Hybrid for March? Is the following a good deal in Indiana? (this was from Feburary and did not negotiate again this month): QX60 AWD with Hybrid Premium plus and Theater package (Floor Mats, Literature Kit, Rear Bumper Protector, Roof Rail Cross Bars, Roof Rails, Splash Guards) MSRP $54,885 Negotiated price is $51555 (stating it is $300 above invoice) $0 down. 36 months/12k Payment due at signing 724 including first month payment. Monthly payment $629 excluding tax. What is the trend now? Should I get the price below invoice?

    Using the MF and residual in the above post, I get $622/mo. using your MSRP and CAP cost... That's pretty close.

    I'm not up on what they are selling for. If this is a deal you are considering, I would suggest using the MSD program to lower the money factor...

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  • beeshobeesho Posts: 3

    Hi, I am considering a QX60 with Premuim , Premuim+ and drvers assist. I would like a 39 month lease, with 15K miles per year. I am in Dallas, TX area. Can you please let me know what the MK and residual is. Also any tax credits, or incentives?

  • batboy1batboy1 Posts: 4

    Just received this offer, and I have a few questions.

    QX60 AWD (non-Hybrid) Premium, Premium Plus and Theater Package. MSRP $51,995 Invoice $48,924 Acquisition fee $700 Adjusted purchase price $49,529

    39 mo. lease/12k miles -- 59% residual, .00088 MF

    $603/mo. (including tax), $916 due at signing

    Anyone see where I can pick up some money on this deal? Can you advise as to how MSDs would work here? I understand that each MSD would reduce MF by .0001, but does that mean that I can't do the full 9 MSDs because that would reduce me below .0001. In short, how would MSDs work here and what would they do for me?

  • ctsindyctsindy Posts: 1

    Anyone used an online deal before? I've done Swap a Lease but not buying from a broker...'14 AWD 39 months 833 m/m $433 zero down..

  • beeshobeesho Posts: 3

    Hi, I am considering a QX60 Base with Premuim , Premuim+ and drvers assist. I would like a 39 month lease, with 15K miles per year. I am in Dallas, TX area. Can you please let me know what the MK and residual is. Also any tax credits, or incentives?

  • kyfdxkyfdx Posts: 27,881

    @beesho said: Hi, I am considering a QX60 with Premuim , Premuim+ and drvers assist. I would like a 39 month lease, with 15K miles per year. I am in Dallas, TX area. Can you please let me know what the MK and residual is. Also any tax credits, or incentives?

    .00088 MF and 57% for AWD

    .00086 MF and 56% for FWD

    Tax credits are a Texas thing.. you'd have to check with your dealer. Incentives can be found by using the Car Research tab at the top of the page.

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    Prices Paid, Lease Questions, SUVs

  • waddah0awaddah0a Posts: 13
    edited March 22

    Here is the deal I reached with the dealer today, going to sign on Tuesday. Want some feedback.

    QX60 AWD Hybrid. with hybrid premium package, theater package, splash guards, roof rails, cross bars, rear bumper protection, illuminated kick plate including destination: (for some reason the base MSRP is less than what I can see on other websites by $550) MSRP $55,125 Invoice: $50,819 Negotiated price: $50,437 Additional fees: Acquisition fee $700, Title fee $150, Doc fee (and others) $40 = $890. MF: 0.00107 RV: 59% Lease term: 36 months/ 12k with Down payment: $0 Trade-in: $0 Monthly payment (excl. tax): $612 Due at signing: $612+tax (only the first monthly payment).

    I have the option to do 9 MSD which would be $5400 and will bring my MF down to 0.00017 and my monthly payment down to $537 (excl tax) and would save me a total of $2880 throughout the lease and will get the $5400 back at that time. I will definitely do this option.

    ANY NOTES OR SUGGESTIONS? IS THERE AN EXPLANATION AS WHY THE DEALR'S MSRP IS $550 LOWER THAN WHAT I SEE ON THE WEBSITES (infinitusa and truecar.com)

  • kyfdxkyfdx Posts: 27,881

    It could be a unit that was produced before a mid-year price increase. That's just a guess, but it happens a lot.

    Also, you should jump on the MSD deal. Saving $2880 (plus the sales tax on that amount) over 36 months, just for loaning them $5400? That's a 17.7% annual after-tax return on your $5400.

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  • waddah0awaddah0a Posts: 13

    Okay, today the dealer calls me back and said he located the car with the colors I want in a neighbor state but it has 450 miles on it, I did not feel comfortable and he tried to reassure me and tell me that this is driven as a dealer trade, for me this is too much of a drive, am I wrong? I am worried that this car was driven for other purposes (test-drive, model), is my concern valid? The other option is to look for a different car with the same sepcs and colors but he said that if it is invoiced after Jan, 1st, 2014 it would be $700-$800 more as infiniti increased their invoice at that time, can we know if that is a true statement?

  • kyfdxkyfdx Posts: 27,881

    @waddah0a said: Okay, today the dealer calls me back and said he located the car with the colors I want in a neighbor state but it has 450 miles on it, I did not feel comfortable and he tried to reassure me and tell me that this is driven as a dealer trade, for me this is too much of a drive, am I wrong? I am worried that this car was driven for other purposes (test-drive, model), is my concern valid? The other option is to look for a different car with the same sepcs and colors but he said that if it is invoiced after Jan, 1st, 2014 it would be $700-$800 more as infiniti increased their invoice at that time, can we know if that is a true statement?

    I wouldn't worry about 450 miles, especially on a lease. Most makes have mid model-year price increases. So, that might be true.

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  • sdhlawsdhlaw Posts: 8

    Nee to know the MF and residual value for a 2014 QX60 FWD 48mo and 10K per year lease. Looking to pull the trigger on a deal on Monday. Thanks in advance!

  • MichaellMichaell ColoradoPosts: 3,531

    @sdhlaw said: Nee to know the MF and residual value for a 2014 QX60 FWD 48mo and 10K per year lease. Looking to pull the trigger on a deal on Monday. Thanks in advance!

    .00142 and 49%

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  • sdhlawsdhlaw Posts: 8
    edited March 27
  • sdhlawsdhlaw Posts: 8

    Why is the money factor so much higher and the residual value so much lower than what is quoted above for a 39mo/12k lease?

  • MichaellMichaell ColoradoPosts: 3,531

    @sdhlaw said: Why is the money factor so much higher and the residual value so much lower than what is quoted above for a 39mo/12k lease?

    48 months is not the 'sweet spot' for a lease of a premium make & model. Depending on the manufacturer, the sweet spot is 24, 27, 36 or 39 months. Anything longer than that and it goes downhill, fast.

    Why are you considering a 48 month lease?

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  • mandi576mandi576 Posts: 2

    I feel like after reading all these posts the below is not the best deal, feedback please! 39 month: Residual - 59%, Money Factor - .00120 -QX60 premium plus with entertainment package retail $58205.00 Sales price $56182.00 $282.45 Govt fees $75 processing fee $700 acquisition fee 39 mo lease $3000 cash down $699/mo

  • MichaellMichaell ColoradoPosts: 3,531

    @mandi576 said: I feel like after reading all these posts the below is not the best deal, feedback please! 39 month: Residual - 59%, Money Factor - .00120 -QX60 premium plus with entertainment package retail $58205.00 Sales price $56182.00 $282.45 Govt fees $75 processing fee $700 acquisition fee 39 mo lease $3000 cash down $699/mo

    Residual of 59% is correct, but we've got the money factor this month as .00086. It's possible the dealer is marking that up.

    How much of the $3K down is going to fees, and how much to cap cost reduction?

    Plugging in your numbers I get a pre-tax payment of about $638; 9% sales tax increases the payment to $695.

    We would need to see more information before commenting on whether this is a good deal or not.

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  • waddah0awaddah0a Posts: 13

    @mandi576 said: I feel like after reading all these posts the below is not the best deal, feedback please! 39 month: Residual - 59%, Money Factor - .00120 -QX60 premium plus with entertainment package retail $58205.00 Sales price $56182.00 $282.45 Govt fees $75 processing fee $700 acquisition fee 39 mo lease $3000 cash down $699/mo

    I have just leased a QX60 hybrid and I am almost certain now that the least you can get on any qx60 is a few hundred $ below invoice (the dealer would not share the invoice with you typically and you can find it easily on Truecar.com after adding the options you want).

    Make sure you do the MSD instead of the down payment, there is not point of doing a down payment as it would be just deducted from your monthly payments. You can put the down payment money in MSD and you will save a lot of money ( I saved $2880 on my 36 months lease),

  • lasplagaslasplagas Posts: 3

    just finalized a qx60 deal over email. fwd+p1+p2+driver asst+theater MSRP 51855, cap cost 47988 for 12k/36 month lease original payment 593/month inc 8% tax no down drive off $1882 (including 1st month, doc fees, acq fee license fee, gov fees), after 8xMSD (4800) brings the monthly down to 525/month. Not sure if it's a good deal but the dealer was pretty straight forward. Going to sign this weekend, but not sure if this is a really good deal or not.

  • MichaellMichaell ColoradoPosts: 3,531

    @lasplagas said: just finalized a qx60 deal over email. fwd+p1+p2+driver asst+theater MSRP 51855, cap cost 47988 for 12k/36 month lease original payment 593/month inc 8% tax no down drive off $1882 (including 1st month, doc fees, acq fee license fee, gov fees), after 8xMSD (4800) brings the monthly down to 525/month. Not sure if it's a good deal but the dealer was pretty straight forward. Going to sign this weekend, but not sure if this is a really good deal or not.

    $525/mo against an MSRP of almost $52K is a pretty decent deal. The MSDs certainly help with the payment - $68 x 36 = $2448 saved for your $4800 MSD.

    Enjoy!

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  • sdhlawsdhlaw Posts: 8

    @Michaell@Edmunds said:

    48 months is what my wife went with on her Lexus. I guess 39 months is the way to go on the QX60

  • hoodwinkhoodwink Posts: 21

    36 months at $559/month 12,000 miles total due at siging is $3056.87 on the fully loaded Qx60 Premium AWD with MSRP 56,750. Let me know if this is a god deal.

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