2014 Infiniti QX60 Lease Questions

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  • colonel4bincolonel4bin Member Posts: 4

    What do you guys think of this deal? 

    Qx60, fully loaded..Msrp 58,710

    Selling price 54,500 + 700 (acquisition fee) = 55,200

    0.00041 / 55% residual for a 10k / 39 month lease

    9% sales tax for PA

    927 out of pocket (1st month + registration fees)

    Total monthly lease including taxes $675 / month

    Any thoughts? 

  • kyfdxkyfdx Moderator Posts: 267,755

    What do you guys think of this deal? 

    Qx60, fully loaded..Msrp 58,710

    Selling price 54,500 + 700 (acquisition fee) = 55,200

    0.00041 / 55% residual for a 10k / 39 month lease

    9% sales tax for PA

    927 out of pocket (1st month + registration fees)

    Total monthly lease including taxes $675 / month

    Any thoughts? 

    Those are the base rates and the calculations are correct (I actually get $679/mo.) If you are happy with the selling price, it looks good.

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  • jpkreddy11jpkreddy11 Member Posts: 2
    Please let me know if this is a good deal in Michigan. I have been offered a

    2014 QX60 AWD with Premium and Premium Plus packages

    * MSRP: $50,845
    * Sell Price/Invoice: $47,481
    * Lease: 39/12 - $577/month and initial payment of $1554 (taxes and other fees)

    Also please let me know the latest Residual and MF for this in michigan.

  • MichaellMichaell Moderator Posts: 264,828

    Please let me know if this is a good deal in Michigan. I have been offered a

    2014 QX60 AWD with Premium and Premium Plus packages

    * MSRP: $50,845
    * Sell Price/Invoice: $47,481
    * Lease: 39/12 - $577/month and initial payment of $1554 (taxes and other fees)

    Also please let me know the latest Residual and MF for this in michigan.

    39/12 numbers for QX60 AWD are 54% and .00041.

    With your MSRP and sell price, I get a pre-tax payment of $586.97.

    Your quote of $577/mo looks pretty good by comparison.

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  • colonel4bincolonel4bin Member Posts: 4

    I think that $1554 out of pocket seems high. Find out what makes that up. If they are making you pay the last month of the lease now, I wouldn't pay that. Why pay the last month now, when odds are your going to trade in, or move onto another car before your final month. You should only put down tax, tags, and 1st month in my opinion. My wife crashed our last car, so anything I would have put down up front would have been lost ( ie. more money to lower our monthly payments) because the car was totaled and the lease terminated. 

    The numbers look like they work, if your happy with the selling price it seems like a decent deal. Just find out what makes up that 1554

  • MichaellMichaell Moderator Posts: 264,828

    I think that $1554 out of pocket seems high. Find out what makes that up. If they are making you pay the last month of the lease now, I wouldn't pay that. Why pay the last month now, when odds are your going to trade in, or move onto another car before your final month. You should only put down tax, tags, and 1st month in my opinion. My wife crashed our last car, so anything I would have put down up front would have been lost ( ie. more money to lower our monthly payments) because the car was totaled and the lease terminated. 

    The numbers look like they work, if your happy with the selling price it seems like a decent deal. Just find out what makes up that 1554

    I'm guessing first payment, acquisition fees, and title, tags, or license comprises the $1554. There may be some cap cost reduction in that number, but I doubt it.

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  • sirfatalotsirfatalot Member Posts: 16
    The rv is 52% on a 2014 qx60. Does this include the dest charge? Or should i add the $995 destination charge after i figure the rv? Also is there any lease cash for the qx60?
  • kyfdxkyfdx Moderator Posts: 267,755

    The rv is 52% on a 2014 qx60. Does this include the dest charge? Or should i add the $995 destination charge after i figure the rv? Also is there any lease cash for the qx60?


    Apply the residual percentage to the full MSRP on the Monroney sticker (which includes destination). The bottom line on the official government sticker.

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  • sirfatalotsirfatalot Member Posts: 16
    Could you send rv and MF for 36 and 39 month 15 k for October Also, is there any lease cash for October?
  • realexmrealexm Member Posts: 6
    I'm looking into picking up a Premium/Premium Plus in Midnight Garnet (red) color. Area: LI, NY. The 2015s are being delivered I believe this month. Any thoughts when would be a good time to start negotiating? And as 'sirfatalot' asked, are there any lease cash or other incentives on the 2014s?
  • kyfdxkyfdx Moderator Posts: 267,755

    Could you send rv and MF for 36 and 39 month 15 k for October Also, is there any lease cash for October?


    AWD? .00041 MF and 53%/52% residual

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  • sirfatalotsirfatalot Member Posts: 16

    Yes awd.  Thanks for knowing what I meant

  • realexmrealexm Member Posts: 6
    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.
  • MichaellMichaell Moderator Posts: 264,828
    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



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  • realexmrealexm Member Posts: 6
    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    Michaell said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



    That's about $527 incl tax, or almost $90/mo lower. I can get to that number if I put $3,500 down. Are you sure that number is with $750 down? I haven't really done any "serious"negotiations and the $5,062 discount also seems to be on par with the average price paid.

    In other words, this is by no means a great deal and there is room to negotiate down in your opinion, correct? Thanks again.
  • MichaellMichaell Moderator Posts: 264,828
    realexm said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    Michaell said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



    That's about $527 incl tax, or almost $90/mo lower. I can get to that number if I put $3,500 down. Are you sure that number is with $750 down? I haven't really done any "serious"negotiations and the $5,062 discount also seems to be on par with the average price paid.

    In other words, this is by no means a great deal and there is room to negotiate down in your opinion, correct? Thanks again.
    I can't comment on whether there is more room to negotiate on the selling price ... I'm saying that with the numbers you've provided, along with the base MF and residual from Infiniti, I get a pre-tax payment much lower than what you're being quoted from the dealer.

    NY taxes the entire depreciation at the beginning of the lease - you can choose to pay it up front or add it into the cap cost. Tax rates vary from state to state and city to city, so my calculation generally exclude tax.

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  • realexmrealexm Member Posts: 6
    Michaell said:

    realexm said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    Michaell said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



    That's about $527 incl tax, or almost $90/mo lower. I can get to that number if I put $3,500 down. Are you sure that number is with $750 down? I haven't really done any "serious"negotiations and the $5,062 discount also seems to be on par with the average price paid.

    In other words, this is by no means a great deal and there is room to negotiate down in your opinion, correct? Thanks again.
    I can't comment on whether there is more room to negotiate on the selling price ... I'm saying that with the numbers you've provided, along with the base MF and residual from Infiniti, I get a pre-tax payment much lower than what you're being quoted from the dealer.

    NY taxes the entire depreciation at the beginning of the lease - you can choose to pay it up front or add it into the cap cost. Tax rates vary from state to state and city to city, so my calculation generally exclude tax.

    Michaell said:

    realexm said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    Michaell said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



    That's about $527 incl tax, or almost $90/mo lower. I can get to that number if I put $3,500 down. Are you sure that number is with $750 down? I haven't really done any "serious"negotiations and the $5,062 discount also seems to be on par with the average price paid.

    In other words, this is by no means a great deal and there is room to negotiate down in your opinion, correct? Thanks again.
    I can't comment on whether there is more room to negotiate on the selling price ... I'm saying that with the numbers you've provided, along with the base MF and residual from Infiniti, I get a pre-tax payment much lower than what you're being quoted from the dealer.

    NY taxes the entire depreciation at the beginning of the lease - you can choose to pay it up front or add it into the cap cost. Tax rates vary from state to state and city to city, so my calculation generally exclude tax.

    Understood and thanks. I did get a good trade-in value for my 2005 FX35 (92k miles/AWD Sport): $11k which is much more than the Acura and GMC dealers, and above the KBB value. Could that be related at all?

    I also noted that the MSRP they used is about $1,000 higher than the model we're actually looking at.
  • jc1229jc1229 Member Posts: 3
    @kyfdx Can you please post the October MF & Residual for 2014 QX60 AWD 36mo/12K & 39mo/12K. Thanks in advance.
  • MichaellMichaell Moderator Posts: 264,828
    jc1229 said:

    @kyfdx Can you please post the October MF & Residual for 2014 QX60 AWD 36mo/12K & 39mo/12K. Thanks in advance.

    .00041 and 55% for 36/12. Subtract 1% for 39 months.

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  • realexmrealexm Member Posts: 6
    Out of curiosity: it seems Infiniti is pushing 39 vs 36 months leases more aggressively. Any thought why?
  • kyfdxkyfdx Moderator Posts: 267,755
    realexm said:

    Out of curiosity: it seems Infiniti is pushing 39 vs 36 months leases more aggressively. Any thought why?


    It could be anything.. Historically, Nissan and Infiniti have pushed 39 month leases, though not in every case, or on every model. They could have some algorithm that shows they get better resale or more repeat customers that way (just a WAG, though).

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  • hawkfan11hawkfan11 Member Posts: 3
    New to the lease and needing some info:

    QX60 Retail Price 53900 negotiated price of 50,900
    Government Fees 880
    Admin 399
    Acquisition Fee 700

    Trade Equity of 2500

    Net Cap Cost 50379

    39 Month/ 25K miles per year (Buying extra miles at .10 per)

    52% Residual
    First Payment 746.53

    750 per month

    Still not sure if it is good idea to do a lease when driving so many miles. Thanks in advance.
  • tcs22tcs22 Member Posts: 11
    This will be my third Infiniti purchase and our family’s fourth. I told my dealer I was not happy with my last lease deal (I did not know about Edmunds back then – ugh) and that I would be looking around to see if anything else works for me. He said he would try hard to make it work. Please let me know:

    What you think about this offer?
    What benefit would I gain if I paid multiple security deposits?
    Would you recommend paying MSDs on this deal?

    2014 Q60 AWD
    Premium and Navigation
    No money down, no delivery, nothing (I asked twice)
    Retail $48,805
    Sale $44,200
    Miles 10,000/year (Note: my car has 15,000 after 39 months)
    Residual 56% (I see this is higher than most postings)
    MF .00049 (I see this is a bit higher than other quotes)

    My all-in monthly payment quote is $459
    (I am in NJ with 7% sales tax)

    I look forward to hearing your thoughts.
  • Bill3223Bill3223 Member Posts: 5
    edited October 2014
    kyfdx,
    Wanted to see what are your thoughts on the lease proposed to me below.
    Apparently the October numbers have not changed form September.
    Got this offer in Long Island NY:
    2014 QX60 AWD Premium, Premium Plus, Theater Package, Roof Rails
    MSRP $51,240
    Selling Price $46,693
    39Month 12k/yr
    Residual 54%
    Money Factor .00041
    Tax 8.75%, Acquisition and all other fees except DMV rolled in to monthly
    $605.59 monthly
    Upfront $900= First month 605.59 + DMV+New Plates

    Good deal?
    Ride With G gave it a near great lease rating of 89% (anything over 90% is supposed to be great)
  • MichaellMichaell Moderator Posts: 264,828
    hawkfan11 said:

    New to the lease and needing some info:

    QX60 Retail Price 53900 negotiated price of 50,900
    Government Fees 880
    Admin 399
    Acquisition Fee 700

    Trade Equity of 2500

    Net Cap Cost 50379

    39 Month/ 25K miles per year (Buying extra miles at .10 per)

    52% Residual
    First Payment 746.53

    750 per month

    Still not sure if it is good idea to do a lease when driving so many miles. Thanks in advance.

    For 25,000 miles a year, a lease doesn't seem to make the best sense, even if you are buying the miles up front at .10 per.

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  • MichaellMichaell Moderator Posts: 264,828
    tcs22 said:

    This will be my third Infiniti purchase and our family’s fourth. I told my dealer I was not happy with my last lease deal (I did not know about Edmunds back then – ugh) and that I would be looking around to see if anything else works for me. He said he would try hard to make it work. Please let me know:

    What you think about this offer?
    What benefit would I gain if I paid multiple security deposits?
    Would you recommend paying MSDs on this deal?

    2014 Q60 AWD
    Premium and Navigation
    No money down, no delivery, nothing (I asked twice)
    Retail $48,805
    Sale $44,200
    Miles 10,000/year (Note: my car has 15,000 after 39 months)
    Residual 56% (I see this is higher than most postings)
    MF .00049 (I see this is a bit higher than other quotes)

    My all-in monthly payment quote is $459
    (I am in NJ with 7% sales tax)

    I look forward to hearing your thoughts.

    With the numbers you've provided, I get a pre-tax payment of $467.59/mo for 39 months.

    NJ calculates the sales tax for the lease up front and is either added to the cap cost or you can pay it up front.

    Base MF and RV for the 2014 QX60 AWD is 55% and .00041 for 39/10. Dealers are not allowed to modify the RV so cannot explain why your quote shows 56%. Dealer can mark up the MF for more profit.

    MSDs are not allowed on Infiniti leases as the base MF is so low to begin with.

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  • MichaellMichaell Moderator Posts: 264,828
    Bill3223 said:

    kyfdx,
    Wanted to see what are your thoughts on the lease proposed to me below.
    Apparently the October numbers have not changed form September.
    Got this offer in Long Island NY:
    2014 QX60 AWD Premium, Premium Plus, Theater Package, Roof Rails
    MSRP $51,240
    Selling Price $46,693
    39Month 12k/yr
    Residual 54%
    Money Factor .00041
    Tax 8.75%, Acquisition and all other fees except DMV rolled in to monthly
    $605.59 monthly
    Upfront $900= First month 605.59 + DMV+New Plates

    Good deal?
    Ride With G gave it a near great lease rating of 89% (anything over 90% is supposed to be great)

    With the numbers you've provided, I get a pre-tax payment of $518.27/mo.

    What state is this in? Sales tax obligation varies greatly which could explain why your quote is over $600/mo.

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  • lucky932lucky932 Member Posts: 119
    Hello,
    Can you provide the October money factor and residual numbers for a FWD QX60 with the premium & Premium plus packages. 24, 36 and 39 w/ 10K or 12K a year. Thanks in advance.
  • hawkfan11hawkfan11 Member Posts: 3
    Michaell said:

    hawkfan11 said:

    New to the lease and needing some info:

    QX60 Retail Price 53900 negotiated price of 50,900
    Government Fees 880
    Admin 399
    Acquisition Fee 700

    Trade Equity of 2500

    Net Cap Cost 50379

    39 Month/ 25K miles per year (Buying extra miles at .10 per)

    52% Residual
    First Payment 746.53

    750 per month

    Still not sure if it is good idea to do a lease when driving so many miles. Thanks in advance.

    For 25,000 miles a year, a lease doesn't seem to make the best sense, even if you are buying the miles up front at .10 per.
  • hawkfan11hawkfan11 Member Posts: 3
    Michaell

    Thanks for the response...We are still debating and speaking with tax advisor about the benefits of leasing when it will be a business vehicle.

    Can you tell me if these numbers look correct based on your calculation?

    Thanks again
  • MichaellMichaell Moderator Posts: 264,828
    lucky932 said:

    Hello,
    Can you provide the October money factor and residual numbers for a FWD QX60 with the premium & Premium plus packages. 24, 36 and 39 w/ 10K or 12K a year. Thanks in advance.

    .00040 MF for all terms.

    24/12 - 61%

    36/12 - 54%

    39/12 - 53%

    Add 1% for 10k.

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  • MichaellMichaell Moderator Posts: 264,828
    lucky932 said:

    Hello,
    Can you provide the October money factor and residual numbers for a FWD QX60 with the premium & Premium plus packages. 24, 36 and 39 w/ 10K or 12K a year. Thanks in advance.

    .00040 MF for all terms.

    24/12 - 61%

    36/12 - 54%

    39/12 - 53%

    Add 1% for 10k.

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  • MichaellMichaell Moderator Posts: 264,828
    hawkfan11 said:

    Michaell

    Thanks for the response...We are still debating and speaking with tax advisor about the benefits of leasing when it will be a business vehicle.

    Can you tell me if these numbers look correct based on your calculation?

    Thanks again

    With the numbers you've given me, I get a pre-tax payment of $605.25/mo for 39 months. I'm sure the extra 30,000 miles ($3000) is bumping your payment up - I figure about $77/mo.

    Depending on your sales tax obligation $750 seems a bit high.

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  • tcs22tcs22 Member Posts: 11
    Thank you for responding - I will ask the dealer additional questions accordingly.
  • chnugechnuge Member Posts: 3
    Please let me know if this is a good deal in Michigan. I have been offered a

    2014 QX60 AWD with Premium and Premium Plus and Theatre package

    * MSRP: $51,890
    * Sell Price/Invoice: $47,004
    * Lease: 39/25k per year - $675/month and initial payment of $3,500 (taxes and other fees)*

    This is their best deal and they pulled the offer to trade in my 08 Escalade.

    Also please let me know the latest Residual and MF for this in michigan.
  • glex1glex1 Member Posts: 76
    Michaell said:

    lucky932 said:

    Hello,
    Can you provide the October money factor and residual numbers for a FWD QX60 with the premium & Premium plus packages. 24, 36 and 39 w/ 10K or 12K a year. Thanks in advance.

    .00040 MF for all terms.

    24/12 - 61%

    36/12 - 54%

    39/12 - 53%

    Add 1% for 10k.

    Michael, how sure are we of these numbers. The dealer I'm dealing with is telling me the MF is actually .00041 and its a 54% residual for 39/12 Are they just telling me this to inflate the numbers? Should I stick to your numbers no matter what?
  • glex1glex1 Member Posts: 76
    For a QX60 AWD with premium and premium plus, theater, and driver's assist the payment would be $724/month with $1,675 due at signing. The payment for the car with premium and premium plus only, is $679/month with the same amount due at signing.
    Above is the deal i"m being offered and I currently have 2k of inequity in my current lease which is being rolled into this one.
    What are your thoughts on these numbers?

  • MichaellMichaell Moderator Posts: 264,828
    chnuge said:

    Please let me know if this is a good deal in Michigan. I have been offered a

    2014 QX60 AWD with Premium and Premium Plus and Theatre package

    * MSRP: $51,890
    * Sell Price/Invoice: $47,004
    * Lease: 39/25k per year - $675/month and initial payment of $3,500 (taxes and other fees)*

    This is their best deal and they pulled the offer to trade in my 08 Escalade.

    Also please let me know the latest Residual and MF for this in michigan.

    .00041 and 52% for 36/15. I think Infiniti deducts .10 per mile from the residual for every additional mile - so $3250.


    I get $675/mo before tax if I adjust the residual accordingly.

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  • MichaellMichaell Moderator Posts: 264,828
    glex1 said:

    Michaell said:

    lucky932 said:

    Hello,
    Can you provide the October money factor and residual numbers for a FWD QX60 with the premium & Premium plus packages. 24, 36 and 39 w/ 10K or 12K a year. Thanks in advance.

    .00040 MF for all terms.

    24/12 - 61%

    36/12 - 54%

    39/12 - 53%

    Add 1% for 10k.

    Michael, how sure are we of these numbers. The dealer I'm dealing with is telling me the MF is actually .00041 and its a 54% residual for 39/12 Are they just telling me this to inflate the numbers? Should I stick to your numbers no matter what?
    .00041 and 54% are for the AWD version. You should confirm what model the dealer is quoting you for.

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  • MichaellMichaell Moderator Posts: 264,828
    glex1 said:

    For a QX60 AWD with premium and premium plus, theater, and driver's assist the payment would be $724/month with $1,675 due at signing. The payment for the car with premium and premium plus only, is $679/month with the same amount due at signing.
    Above is the deal i"m being offered and I currently have 2k of inequity in my current lease which is being rolled into this one.
    What are your thoughts on these numbers?

    Hard to say .. what are the MSRP, selling price and lease term and miles per year.

    How much longer do you have on your current lease? Can you wait it out and avoid rolling in the $2000 of negative equity?

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  • realexmrealexm Member Posts: 6
    Michaell said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



    Update (thanks for all your help). Am picking up my car on Saturday (same as listed above). Final price is $541/mo pre-tax but with the $11k trade-in. Could have gotten a lesser lease price, but then my trade-in would have gotten down. I spoke with 3 dealers in the tri-state area and none of them were willing to come close to anything below $500 so I'm not sure where the disconnect is. Anyway, I'm content with the deal. Thanks again for your help.
  • MichaellMichaell Moderator Posts: 264,828
    realexm said:

    Michaell said:

    realexm said:

    How is this offer? QX60 AWD Premium Plus. MSRP $50,695, selling price $45,633. 39 mo lease (10k/year) with $750 consumer cash upfront for $616 incl 8.625 NY tax ($567 without tax).

    Thank you.

    I get $485.29/mo pre-tax.

    Seems like your dealer is inflating the MF on you.



    Update (thanks for all your help). Am picking up my car on Saturday (same as listed above). Final price is $541/mo pre-tax but with the $11k trade-in. Could have gotten a lesser lease price, but then my trade-in would have gotten down. I spoke with 3 dealers in the tri-state area and none of them were willing to come close to anything below $500 so I'm not sure where the disconnect is. Anyway, I'm content with the deal. Thanks again for your help.
    Congrats! Enjoy your new Infiniti.

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  • grimm01grimm01 Member Posts: 10
    Hello can you help me out with a lease calculation? I am in CT and the Infiniti dealership quoted me the following for a 39month/12K lease on an AWD QX60 with Premium package:
    MSRP: $46,540
    Sale Price: $45,000
    RV: $25,131.60
    MF: 0.00040
    Lease: $519.13/month with tax (CT sales tax = 6.35%)

    Also in the paperwork there's a doc fee of $399, VIN/Etch/Wheel Lock $198, tag fee $185 and they added $4000 for a trade-in. Factoring in these additional figures, I still can't recreate the $519.13 payment they presented. Any thoughts on what I'm missing?
  • kyfdxkyfdx Moderator Posts: 267,755
    grimm01 said:

    Hello can you help me out with a lease calculation? I am in CT and the Infiniti dealership quoted me the following for a 39month/12K lease on an AWD QX60 with Premium package:
    MSRP: $46,540
    Sale Price: $45,000
    RV: $25,131.60
    MF: 0.00040
    Lease: $519.13/month with tax (CT sales tax = 6.35%)

    Also in the paperwork there's a doc fee of $399, VIN/Etch/Wheel Lock $198, tag fee $185 and they added $4000 for a trade-in. Factoring in these additional figures, I still can't recreate the $519.13 payment they presented. Any thoughts on what I'm missing?


    If I add in the $800 of miscellaneous items you listed and subtract $4K trade in, I get $455/mo.+tax or around $484/mo. (assuming CT taxes the monthly payment). Also, I believe the MF on AWD models is .00041, not .00040 (hey, that's 60 cents per month!).

    Do you have any money due at signing, besides your $4K trade in?

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  • grimm01grimm01 Member Posts: 10
    kyfdx said:

    grimm01 said:

    Hello can you help me out with a lease calculation? I am in CT and the Infiniti dealership quoted me the following for a 39month/12K lease on an AWD QX60 with Premium package:
    MSRP: $46,540
    Sale Price: $45,000
    RV: $25,131.60
    MF: 0.00040
    Lease: $519.13/month with tax (CT sales tax = 6.35%)

    Also in the paperwork there's a doc fee of $399, VIN/Etch/Wheel Lock $198, tag fee $185 and they added $4000 for a trade-in. Factoring in these additional figures, I still can't recreate the $519.13 payment they presented. Any thoughts on what I'm missing?


    If I add in the $800 of miscellaneous items you listed and subtract $4K trade in, I get $455/mo.+tax or around $484/mo. (assuming CT taxes the monthly payment). Also, I believe the MF on AWD models is .00041, not .00040 (hey, that's 60 cents per month!).

    Do you have any money due at signing, besides your $4K trade in?
    Yeah I tried a couple permutations and combinations on the fees a couldn't replicate their monthly payment. Also, we wouldn't have to pay any other money at signing.

    Last night I used Edmunds to email dealers and the very same dealer offered me the same vehicle for $42K internet pricing. Go figure!

    At this point my wife's leaning to the MDX over the QX60 and Enclave, but if they can honor the $42K price and walk me through their lease calculation they may get the business. Excuse me now as I gird my loins for round 2.
  • kyfdxkyfdx Moderator Posts: 267,755
    Yeah... the discount offered by the first dealer is a little underwhelming..

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  • bizziebizzie Member Posts: 22
    edited October 2014
    Hello, May I have the current money factor and residual for an AWD:
    1. premium plus ; 2. premium plus+touring for 12k and 15K.
    Thank you.
  • kyfdxkyfdx Moderator Posts: 267,755
    bizzie said:

    Hello, May I have the current money factor and residual for:
    1. premium plus ; 2. premium plus+touring for 12k and 15K.
    Thank you.


    FWD: .00040 MF and 51% residual for 39mo, 15K/yr

    AWD: .00041 MF and 52% residual for 39mo, 15K/yr

    Add 2% for 12K/yr.

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  • bizziebizzie Member Posts: 22
    Thanks kyfdx.
    I apologize but I meant to ask for 36 months.
  • kyfdxkyfdx Moderator Posts: 267,755
    bizzie said:

    Thanks kyfdx.
    I apologize but I meant to ask for 36 months.

    Add 1% to the residual numbers above

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