2014 Infiniti QX60 Lease Questions

rehr22

Michaell said:

rehr22 said:

I just got back from the dealership and was only able to get numbers for the 2014 as the 2015 are not ready yet. The dealership in NJ told me they have nothing to indicate the 2015 model has changed from the prior year.

With that being said, they sure were pushy trying to get me into the 2014 today, telling me that when the 2015 models come in there will not be as good rebates.

The car I drafted up was fully loaded (deluxe with technology package) and was about $59K. I was give a monthly payment of around $627 for a 39-month lease at 12K on the mileage. They said the residual was 53% and MF .00024.

Does this seem right? I was expecting a higher residual and lower MF. And since I don't care to buyout after the lease, I would prefer a higher residual.

They also mentioned the multiple security deposit, which seems to sweeten the offer versus wasting cash on the cap cost reduction.

Could someone help me out. I was hoping to get high in the $500 on payments, they wouldn't seem to come lower than $620, at least not today

The dealer is telling you a bit of a fib .. we've got lease numbers for both 2014 and 2015 QX60. It's possible the dealer doesn't want to share as they are trying to rid themselves of the 2014 inventory.

Also be aware that in NJ, taxes for the entire lease are calculated up front - these can be paid by you at lease inception or added into the cap cost, which will increase the payment.

I assume AWD since you are in NJ.

2015 39/12 - 56% and .00146

2014 39/12 - 53% and .00024 (these match what your dealer told you).

We would need to know the agreed upon selling price to model a payment. As an example, with a $59K MSRP and a $53K selling price (pulled out of thin air), along with the MF and RV quoted above, I get a pre-tax payment of $577.40/mo for 39 months. Taxes and fees would increase this.

MSD would help lower the MF and the payment - with the added bonus that you'd get that money back at the end of the lease.

I'm starting to feel like that was a rather large fib. Reason being, he told me I could not order the Deluxe Touring Package and not also carry the 1) Theater and 2) Technology package. To that effect, I have an idea he was trying to get rid of his inventory. As a result, I've just sent him an email suggesting he give me what I want, and if he doesn't have it, then find me one, or let me order (a la carte) on the 2015 models.

Does the dealership have the ability to modify the residual? The reason I ask is, they are telling me the 53% is a good number for the 2014 because if I want to but after the lease it helps me. Truth be told, I am not interested in a buyout, so would prefer a higher residual, if they can. Although, I have an idea if they came up on the residual they would just lower the MF (from .0002xx to .001xxx) to compensate

Michaell

rehr22 said:

Michaell said:

rehr22 said:

I just got back from the dealership and was only able to get numbers for the 2014 as the 2015 are not ready yet. The dealership in NJ told me they have nothing to indicate the 2015 model has changed from the prior year.

With that being said, they sure were pushy trying to get me into the 2014 today, telling me that when the 2015 models come in there will not be as good rebates.

The car I drafted up was fully loaded (deluxe with technology package) and was about $59K. I was give a monthly payment of around $627 for a 39-month lease at 12K on the mileage. They said the residual was 53% and MF .00024.

Does this seem right? I was expecting a higher residual and lower MF. And since I don't care to buyout after the lease, I would prefer a higher residual.

They also mentioned the multiple security deposit, which seems to sweeten the offer versus wasting cash on the cap cost reduction.

Could someone help me out. I was hoping to get high in the $500 on payments, they wouldn't seem to come lower than $620, at least not today

The dealer is telling you a bit of a fib .. we've got lease numbers for both 2014 and 2015 QX60. It's possible the dealer doesn't want to share as they are trying to rid themselves of the 2014 inventory.

Also be aware that in NJ, taxes for the entire lease are calculated up front - these can be paid by you at lease inception or added into the cap cost, which will increase the payment.

I assume AWD since you are in NJ.

2015 39/12 - 56% and .00146

2014 39/12 - 53% and .00024 (these match what your dealer told you).

We would need to know the agreed upon selling price to model a payment. As an example, with a $59K MSRP and a $53K selling price (pulled out of thin air), along with the MF and RV quoted above, I get a pre-tax payment of $577.40/mo for 39 months. Taxes and fees would increase this.

MSD would help lower the MF and the payment - with the added bonus that you'd get that money back at the end of the lease.

I'm starting to feel like that was a rather large fib. Reason being, he told me I could not order the Deluxe Touring Package and not also carry the 1) Theater and 2) Technology package. To that effect, I have an idea he was trying to get rid of his inventory. As a result, I've just sent him an email suggesting he give me what I want, and if he doesn't have it, then find me one, or let me order (a la carte) on the 2015 models.

Does the dealership have the ability to modify the residual? The reason I ask is, they are telling me the 53% is a good number for the 2014 because if I want to but after the lease it helps me. Truth be told, I am not interested in a buyout, so would prefer a higher residual, if they can. Although, I have an idea if they came up on the residual they would just lower the MF (from .0002xx to .001xxx) to compensate

Residual values are not negotiable - they are set by IFS. MF, as you've seen, can be inflated by the dealer for extra profit.

rehr22

Michaell said:

rehr22 said:

Michaell said:

rehr22 said:

I just got back from the dealership and was only able to get numbers for the 2014 as the 2015 are not ready yet. The dealership in NJ told me they have nothing to indicate the 2015 model has changed from the prior year.

With that being said, they sure were pushy trying to get me into the 2014 today, telling me that when the 2015 models come in there will not be as good rebates.

The car I drafted up was fully loaded (deluxe with technology package) and was about $59K. I was give a monthly payment of around $627 for a 39-month lease at 12K on the mileage. They said the residual was 53% and MF .00024.

Does this seem right? I was expecting a higher residual and lower MF. And since I don't care to buyout after the lease, I would prefer a higher residual.

They also mentioned the multiple security deposit, which seems to sweeten the offer versus wasting cash on the cap cost reduction.

Could someone help me out. I was hoping to get high in the $500 on payments, they wouldn't seem to come lower than $620, at least not today

The dealer is telling you a bit of a fib .. we've got lease numbers for both 2014 and 2015 QX60. It's possible the dealer doesn't want to share as they are trying to rid themselves of the 2014 inventory.

Also be aware that in NJ, taxes for the entire lease are calculated up front - these can be paid by you at lease inception or added into the cap cost, which will increase the payment.

I assume AWD since you are in NJ.

2015 39/12 - 56% and .00146

2014 39/12 - 53% and .00024 (these match what your dealer told you).

We would need to know the agreed upon selling price to model a payment. As an example, with a $59K MSRP and a $53K selling price (pulled out of thin air), along with the MF and RV quoted above, I get a pre-tax payment of $577.40/mo for 39 months. Taxes and fees would increase this.

MSD would help lower the MF and the payment - with the added bonus that you'd get that money back at the end of the lease.

I'm starting to feel like that was a rather large fib. Reason being, he told me I could not order the Deluxe Touring Package and not also carry the 1) Theater and 2) Technology package. To that effect, I have an idea he was trying to get rid of his inventory. As a result, I've just sent him an email suggesting he give me what I want, and if he doesn't have it, then find me one, or let me order (a la carte) on the 2015 models.

Does the dealership have the ability to modify the residual? The reason I ask is, they are telling me the 53% is a good number for the 2014 because if I want to but after the lease it helps me. Truth be told, I am not interested in a buyout, so would prefer a higher residual, if they can. Although, I have an idea if they came up on the residual they would just lower the MF (from .0002xx to .001xxx) to compensate

Residual values are not negotiable - they are set by IFS. MF, as you've seen, can be inflated by the dealer for extra profit.

Thank you for your response.

Now, in terms of my comments on options, have you ever heard of this whereby the dealer has told a customer they cannot have the Deluxe Touring Package without selecting the either 1) Theater and 2) Technology package?

Last, and I guess this is more a question on personal preference, would you rather have a...

1) 2015 39/12 - 56% and .00146

2) 2014 39/12 - 53% and .00024

I would think option #2 is best if I were interested in buyout at lease expiry, but since I am not, weighing my options.

Cheers!

kyfdx

rehr22 said:

Michaell said:

rehr22 said:

Michaell said:

rehr22 said:

I just got back from the dealership and was only able to get numbers for the 2014 as the 2015 are not ready yet. The dealership in NJ told me they have nothing to indicate the 2015 model has changed from the prior year.

With that being said, they sure were pushy trying to get me into the 2014 today, telling me that when the 2015 models come in there will not be as good rebates.

The car I drafted up was fully loaded (deluxe with technology package) and was about $59K. I was give a monthly payment of around $627 for a 39-month lease at 12K on the mileage. They said the residual was 53% and MF .00024.

Does this seem right? I was expecting a higher residual and lower MF. And since I don't care to buyout after the lease, I would prefer a higher residual.

They also mentioned the multiple security deposit, which seems to sweeten the offer versus wasting cash on the cap cost reduction.

Could someone help me out. I was hoping to get high in the $500 on payments, they wouldn't seem to come lower than $620, at least not today

The dealer is telling you a bit of a fib .. we've got lease numbers for both 2014 and 2015 QX60. It's possible the dealer doesn't want to share as they are trying to rid themselves of the 2014 inventory.

Also be aware that in NJ, taxes for the entire lease are calculated up front - these can be paid by you at lease inception or added into the cap cost, which will increase the payment.

I assume AWD since you are in NJ.

2015 39/12 - 56% and .00146

2014 39/12 - 53% and .00024 (these match what your dealer told you).

We would need to know the agreed upon selling price to model a payment. As an example, with a $59K MSRP and a $53K selling price (pulled out of thin air), along with the MF and RV quoted above, I get a pre-tax payment of $577.40/mo for 39 months. Taxes and fees would increase this.

MSD would help lower the MF and the payment - with the added bonus that you'd get that money back at the end of the lease.

I'm starting to feel like that was a rather large fib. Reason being, he told me I could not order the Deluxe Touring Package and not also carry the 1) Theater and 2) Technology package. To that effect, I have an idea he was trying to get rid of his inventory. As a result, I've just sent him an email suggesting he give me what I want, and if he doesn't have it, then find me one, or let me order (a la carte) on the 2015 models.

Does the dealership have the ability to modify the residual? The reason I ask is, they are telling me the 53% is a good number for the 2014 because if I want to but after the lease it helps me. Truth be told, I am not interested in a buyout, so would prefer a higher residual, if they can. Although, I have an idea if they came up on the residual they would just lower the MF (from .0002xx to .001xxx) to compensate

Residual values are not negotiable - they are set by IFS. MF, as you've seen, can be inflated by the dealer for extra profit.

Thank you for your response.

Now, in terms of my comments on options, have you ever heard of this whereby the dealer has told a customer they cannot have the Deluxe Touring Package without selecting the either 1) Theater and 2) Technology package?

Last, and I guess this is more a question on personal preference, would you rather have a...

1) 2015 39/12 - 56% and .00146

2) 2014 39/12 - 53% and .00024

I would think option #2 is best if I were interested in buyout at lease expiry, but since I am not, weighing my options.

Cheers!

We don't have any way of knowing what options are compatible with each other. If the dealer can't or won't get you a car the way you want it configured, then that's that.

In your two examples, the selling price would make a big difference. While the payments may be close, all things being equal, all things probably aren't equal. I would assume that you could get a much bigger discount on the 2014 model, and it may turn out to be a lot cheaper.

rehr22

Dealer just emailed me the following...

2014 QX60 with Premium, Premium Plus, Roof Rails, Deluxe Touring & Theater Packages.
Lease with 12000 mi per year
$611.41@39 mos and $4489.08 Total @ Delivery.

rehr22

Good evening,

So here is the final deal offered to me late this afternoon. I am thinking this is it and will look to jump on this Monday morning. Here are the terms...

2014 QX60 in Moonlight White exterior and Wheat interior.

Lease is 39-months at 10K miles per year.

MSRP $54,690

Monthly payment = $560.12

Total due at Delivery = $4,436.82

Cap. Cost Reduction $2000
Bank Fee $700
Doc. Fee $499
Tax on Bank & Doc Fee $83.93
DMV $376
DSP Fee $6
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly payment $560.12

I was told over the phone I received a $3,500 discount, so my price is $51,100. The residual is set at 54% and MF at .00024.

Let me know how this looks.

Thanks!

jacob_z

kyfdx said:

Hi,

Can I get the MF and residual for the following;

2014 QX60 FWD. 10k miles
36 and 48 months 

Does IFS still offer the refundable security deposit that will lower the MF? What is the advantage of offering that feature?

Another question, when will the 2015's be arriving? Any major changes between 2014 and 2015 models?

Thanks for your response!

-JZ

.00023 MF and 54% residual for 36/10, 53% for 39/10 .00160 MF and 47% residual for 48/10 Yes.. for every multiple security deposit you make, the MF lowers by .00010. The advantage to you, is it lowers your payment.. I'm sure Infiniti has a reason for offering it, but it seems overly generous (which is good for you).

Thank you! Do for have the same numbers the 2015's? Any remarks about the 2015 like availability, options, body change, etc, etc.... ? Thanks again for your help!

.00149 MF and 57% residual for 36/10, 56% for 39/10 .00160 MF and 45% residual for 48/10

Is the MF the same nationwide? I was told IFS has different programs for east and west coast. 

Regarding the refundable security reposit, should that be worked into the deal or during financing? Any disadvantage of giving a RSD? For example, if I sell the car before the end of the lease, will I get the deposit back? Basically, what could cause the deposit not to be returned? 

rehr22

I'm having second thoughts, especially after reading through this thread in entirety (which I should have done before posting ).

Perhaps its best to drop the Cap. Cost Reduction and have my monthly payment at $610. This way I pay the extra $2K over the course of 39-month versus upfront (which would be a loss in the event the vehicle is totaled.

2014 Infiniti QX60
Deluxe Touring Package with Theater Package

MSRP $54,690.00
Sell Price $51,500.00

residual 54%
money factor (MF) 0.00024

monthly payment $560.12

Due at Signing $4,436.82
Cap. Cost Reduction $2,000.00
Bank Fee $700.00
Doc. Fee $499.00
Tax on Bank and Doc. Fee $83.93
DMV $376.00
DSP Fee $6.00
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly Payment $560.12

Michaell

rehr22 said:

I'm having second thoughts, especially after reading through this thread in entirety (which I should have done before posting ).

Perhaps its best to drop the Cap. Cost Reduction and have my monthly payment at $610. This way I pay the extra $2K over the course of 39-month versus upfront (which would be a loss in the event the vehicle is totaled.

2014 Infiniti QX60
Deluxe Touring Package with Theater Package

MSRP $54,690.00
Sell Price $51,500.00

residual 54%
money factor (MF) 0.00024

monthly payment $560.12

Due at Signing $4,436.82
Cap. Cost Reduction $2,000.00
Bank Fee $700.00
Doc. Fee $499.00
Tax on Bank and Doc. Fee $83.93
DMV $376.00
DSP Fee $6.00
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly Payment $560.12

Agreed - down payment on a lease doesn't reduce your total cost, and puts the money at risk should the vehicle get stolen or totaled.

rehr22

Michaell said:

rehr22 said:

I'm having second thoughts, especially after reading through this thread in entirety (which I should have done before posting ).

Perhaps its best to drop the Cap. Cost Reduction and have my monthly payment at $610. This way I pay the extra $2K over the course of 39-month versus upfront (which would be a loss in the event the vehicle is totaled.

2014 Infiniti QX60
Deluxe Touring Package with Theater Package

MSRP $54,690.00
Sell Price $51,500.00

residual 54%
money factor (MF) 0.00024

monthly payment $560.12

Due at Signing $4,436.82
Cap. Cost Reduction $2,000.00
Bank Fee $700.00
Doc. Fee $499.00
Tax on Bank and Doc. Fee $83.93
DMV $376.00
DSP Fee $6.00
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly Payment $560.12

Agreed - down payment on a lease doesn't reduce your total cost, and puts the money at risk should the vehicle get stolen or totaled.

Thanks, Michaell.

Do my numbers seem correct? Just want to make sure there is no wiggle room on negotiations tomorrow morning before heading over to sign the paperwork.

Michaell

rehr22 said:

Michaell said:

rehr22 said:

I'm having second thoughts, especially after reading through this thread in entirety (which I should have done before posting ).

Perhaps its best to drop the Cap. Cost Reduction and have my monthly payment at $610. This way I pay the extra $2K over the course of 39-month versus upfront (which would be a loss in the event the vehicle is totaled.

2014 Infiniti QX60
Deluxe Touring Package with Theater Package

MSRP $54,690.00
Sell Price $51,500.00

residual 54%
money factor (MF) 0.00024

monthly payment $560.12

Due at Signing $4,436.82
Cap. Cost Reduction $2,000.00
Bank Fee $700.00
Doc. Fee $499.00
Tax on Bank and Doc. Fee $83.93
DMV $376.00
DSP Fee $6.00
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly Payment $560.12

Agreed - down payment on a lease doesn't reduce your total cost, and puts the money at risk should the vehicle get stolen or totaled.

Thanks, Michaell.

Do my numbers seem correct? Just want to make sure there is no wiggle room on negotiations tomorrow morning before heading over to sign the paperwork.

Base MF being used, so the only variable is the selling price. There might be more room to negotiate on a leftover 2014 .. use the pricing tools at the top of the page to help.

rehr22

Michaell said:

rehr22 said:

Michaell said:

rehr22 said:

I'm having second thoughts, especially after reading through this thread in entirety (which I should have done before posting ).

Perhaps its best to drop the Cap. Cost Reduction and have my monthly payment at $610. This way I pay the extra $2K over the course of 39-month versus upfront (which would be a loss in the event the vehicle is totaled.

2014 Infiniti QX60
Deluxe Touring Package with Theater Package

MSRP $54,690.00
Sell Price $51,500.00

residual 54%
money factor (MF) 0.00024

monthly payment $560.12

Due at Signing $4,436.82
Cap. Cost Reduction $2,000.00
Bank Fee $700.00
Doc. Fee $499.00
Tax on Bank and Doc. Fee $83.93
DMV $376.00
DSP Fee $6.00
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly Payment $560.12

Agreed - down payment on a lease doesn't reduce your total cost, and puts the money at risk should the vehicle get stolen or totaled.

Thanks, Michaell.

Do my numbers seem correct? Just want to make sure there is no wiggle room on negotiations tomorrow morning before heading over to sign the paperwork.

Base MF being used, so the only variable is the selling price. There might be more room to negotiate on a leftover 2014 .. use the pricing tools at the top of the page to help.

Cool, will do.

I really want to avoid the Cap. Cost Reduction. So perhaps I will try and get them to shave an extra $1K off the price, especially with the inflated $499 Doc. Fee. Perhaps there is some wiggle room with that and something else. I can't believe they are able to charge this in NJ.

mlevine

I would shop other dealers around the area. I recently leased a dodge charger and shopped around. For an extra $10.00 a month and less money down, I got a better car with an upgraded wheel package, better stereo, and better interior.

rehr22

mlevine said:

I would shop other dealers around the area. I recently leased a dodge charger and shopped around. For an extra $10.00 a month and less money down, I got a better car with an upgraded wheel package, better stereo, and better interior.

If you don't mind me asking, curious the terms on the Dodge (term, mileage, MF, residual, etc...) ?

Michaell

rehr22 said:

mlevine said:

I would shop other dealers around the area. I recently leased a dodge charger and shopped around. For an extra $10.00 a month and less money down, I got a better car with an upgraded wheel package, better stereo, and better interior.

If you don't mind me asking, curious the terms on the Dodge (term, mileage, MF, residual, etc...) ?

You might be better off posting over in the Dodge Charge Lease Questions discussion.

rehr22

Michaell said:

rehr22 said:

mlevine said:

I would shop other dealers around the area. I recently leased a dodge charger and shopped around. For an extra $10.00 a month and less money down, I got a better car with an upgraded wheel package, better stereo, and better interior.

If you don't mind me asking, curious the terms on the Dodge (term, mileage, MF, residual, etc...) ?

You might be better off posting over in the Dodge Charge Lease Questions discussion.

Yes, it might be. Although, no harm in me asking here considering I'm directly engaged with @mlevin on topic.

mlevine

I am sorry discussing this on the QX60 site. My point I was trying to make was I had a charger with cloth interior, basic wheels, base radio, a backup camera. The car I got had a MRSP $3500 higher than the above one with better features. I was able to get a lease deal for only $10.00 more a month and with on very little up front. I would try to get to a lower adjusted cap cost with very little down. Try another dealer which is what I did, they wanted to move the vehicle. My dodge deal was end of September, deals are not as good now.

mlevine

To rehr22,

Just posted the dodge charger lease numbers on the dodge forum. The car was for my son, I helped him get his car. I think the QX60 is a great vehicle, and I would be persistent and try to get a better deal if possible. Good luck.

rehr22

mlevine said:

To rehr22,

Just posted the dodge charger lease numbers on the dodge forum. The car was for my son, I helped him get his car. I think the QX60 is a great vehicle, and I would be persistent and try to get a better deal if possible. Good luck.

Thanks for that.

Is it really feasible to consider getting better selling price than what I was quoted ($51,500) considering MSRP was in the high $54K range (premium, premium plus, deluxe & theater package) ?

rehr22

Just to keep everyone in the loop, going to pickup the car this afternoon. I wasn't able to get the adjusted capitalized cost down any lower than $51,068 (MSRP = $54,690).

My final monthly payment was agreed at $598 with only $500 down for cap. cost reduction. I really didn't want to put anything down, but wanted to keep my payment below $600.

Here is what is due at signing...

Due at Signing $2,936.82
Cap. Cost Reduction $500.00
Bank Fee $700.00
Doc. Fee $499.00
Tax on Bank and Doc. Fee $83.93
DMV $376.00
DSP Fee $6.00
NJ Tire Fee $7.50
Suppl. Fee $204.27
First Monthly Payment

jacob_z

jacob_z said:

kyfdx said:

Hi,

Can I get the MF and residual for the following;

2014 QX60 FWD. 10k miles
36 and 48 months 

Does IFS still offer the refundable security deposit that will lower the MF? What is the advantage of offering that feature?

Another question, when will the 2015's be arriving? Any major changes between 2014 and 2015 models?

Thanks for your response!

-JZ

.00023 MF and 54% residual for 36/10, 53% for 39/10 .00160 MF and 47% residual for 48/10 Yes.. for every multiple security deposit you make, the MF lowers by .00010. The advantage to you, is it lowers your payment.. I'm sure Infiniti has a reason for offering it, but it seems overly generous (which is good for you).

Thank you! Do for have the same numbers the 2015's? Any remarks about the 2015 like availability, options, body change, etc, etc.... ? Thanks again for your help!

.00149 MF and 57% residual for 36/10, 56% for 39/10 .00160 MF and 45% residual for 48/10

Is the MF the same nationwide? I was told IFS has different programs for east and west coast. 

Regarding the refundable security reposit, should that be worked into the deal or during financing? Any disadvantage of giving a RSD? For example, if I sell the car before the end of the lease, will I get the deposit back? Basically, what could cause the deposit not to be returned? 

Any comments? I'm working on a deal this week and would appreciate any guidance! TIA!

Michaell

jacob_z said:

jacob_z said:

kyfdx said:

jacob_z said:

kyfdx said:

jacob_z said:

Hi,

Can I get the MF and residual for the following;

2014 QX60 FWD. 10k miles
36 and 48 months 

Does IFS still offer the refundable security deposit that will lower the MF? What is the advantage of offering that feature?

Another question, when will the 2015's be arriving? Any major changes between 2014 and 2015 models?

Thanks for your response!

-JZ

.00023 MF and 54% residual for 36/10, 53% for 39/10

.00160 MF and 47% residual for 48/10

Yes.. for every multiple security deposit you make, the MF lowers by .00010.
The advantage to you, is it lowers your payment.. I'm sure Infiniti has a reason for offering it, but it seems overly generous (which is good for you).

Thank you! Do for have the same numbers the 2015's? Any remarks about the 2015 like availability, options, body change, etc, etc.... ?

Thanks again for your help!

.00149 MF and 57% residual for 36/10, 56% for 39/10

.00160 MF and 45% residual for 48/10

Is the MF the same nationwide? I was told IFS has different programs for east and west coast. 

Regarding the refundable security reposit, should that be worked into the deal or during financing? Any disadvantage of giving a RSD? For example, if I sell the car before the end of the lease, will I get the deposit back? Basically, what could cause the deposit not to be returned? 

Any comments? I'm working on a deal this week and would appreciate any guidance! TIA!

The Infiniti numbers are nationwide.

The security deposit should be returned to you if you end the lease early.

jacob_z

Should buying down the MF be part of the negotiations or during financing? 

Michaell

jacob_z said:

Should buying down the MF be part of the negotiations or during financing? 

Some salesmen are familiar with MSDs, others are not. Mention it and see where it takes you.

Note that Infiniti may not offer MSDs as their base money factors are pretty low to begin with.

drock49

I live in Illinois and looking to purchase a QX60 AWD with Premium Package with Cargo this week. I just want to make sure my numbers are correct before walking into the lions den.
MSRP is $47925
Quoted Price $41925
MF .00024 and Residual for 39/12 was 53%
Here is my math...
Cap Cost $41925
Residual value is $25400 (and some change)
Depreciation Payment is $423.71
Money Factor Payment Portion is $17.16
Tax is 7.5% so tax portion is $33.07
Total Payment is $473.94

I know finding an exact payment on a lease is hard but am I at least close? Dealership said $468 before tax and $4064 at signing which includes first payment. I was thinking their numbers might be slightly off and I need to see line by line plus the $4064 seems a little high at signing. Thoughts?

Finally do you fell $41925 is a fair price or could I get better. Seemed pretty strong compared to what I have read online and local dealers.

mlevine

drock49
The $4064 is a lot to put down. Where is it being applied? The $468 from the dealer may have an extra fee being applied to the payment such as a doc fee. Get a breakdown of the lease. By the way, the money factor I believe should be $16.16.

kyfdx

drock49 said:

I live in Illinois and looking to purchase a QX60 AWD with Premium Package with Cargo this week. I just want to make sure my numbers are correct before walking into the lions den.
MSRP is $47925
Quoted Price $41925
MF .00024 and Residual for 39/12 was 53%
Here is my math...
Cap Cost $41925
Residual value is $25400 (and some change)
Depreciation Payment is $423.71
Money Factor Payment Portion is $17.16
Tax is 7.5% so tax portion is $33.07
Total Payment is $473.94

I know finding an exact payment on a lease is hard but am I at least close? Dealership said $468 before tax and $4064 at signing which includes first payment. I was thinking their numbers might be slightly off and I need to see line by line plus the $4064 seems a little high at signing. Thoughts?

Finally do you fell $41925 is a fair price or could I get better. Seemed pretty strong compared to what I have read online and local dealers.

If the CAP cost was the same as the selling price, the payment would be right at $440/mo.+tax.

Without getting into the rest of the numbers, this is Illinois. The full selling price is taxed, not the monthly payment. So, $41,925 X 7.5% = $3144 just for tax..

danr79

Hello,
I am trying to negotiate a lease. What is the money factor and residual on a 2014 and 2015 36 month/12k lease for AWD qx60 in florida? thanks

dan

kyfdx

danr79 said:

Hello,
I am trying to negotiate a lease. What is the money factor and residual on a 2014 and 2015 36 month/12k lease for AWD qx60 in florida? thanks

dan

2015: .00146 MF and 57% residual.

2014: .00024 MF and 54% residual

peppylepew

Hello,
Can I please get a MF and RV for a 2014 Qx60 AWD 36 month 10k/yr lease?

John

Michaell

peppylepew said:

Hello,
Can I please get a MF and RV for a 2014 Qx60 AWD 36 month 10k/yr lease?

John

.00024 and 55%

grizzle1

Could you please let me know what the RV and MF are for a 2014 QX60 FWD on a 39 month lease with 12k miles/yr and 15k miles/yr? Thanks.

kyfdx

grizzle1 said:

Could you please let me know what the RV and MF are for a 2014 QX60 FWD on a 39 month lease with 12k miles/yr and 15k miles/yr? Thanks.

.00023 MF and 52%/50% residual.

ralora

What are the November numbers for 24, 36 & 39 mo. lease with 15k miles for a 2014 QX60 Base FWD?

Michaell

ralora said:

What are the November numbers for 24, 36 & 39 mo. lease with 15k miles for a 2014 QX60 Base FWD?

57% / 51% / 50% with .00023 MF

roastedseaweed

hi. can you let me know what the MF and Residual is for 2014 and 2015 QX60 FWD & QX60 AWD? this is for 36mo and 39mo @ 12K.

do MF and RV vary by state? i'm in CA.

thank you.

kap8

NY. Nassau County. 2014 QX60 AWD base model. 39 mths/12k miles. Cap Cost $41,495. MSRP 46,375. Money factor .00024. Residual value 53%. Deal: $586/mth. Nothing down but lic/title/dmv fees (approx $600). They make first month's payment and have agreed to cover approximately $2k "overmileage" from prior lease (non-Infiniti SUV). Thoughts?

avi_car

Qx60 - AWD MSRP-$56750, Selling Price- $49440, yr-2014, buyback option after 39/12k miles = $30000

Total Down Payment with first month drive off - $1750

lease pmt including tax - $545 
 Pls suggest.

kyfdx

roastedseaweed said:

hi. can you let me know what the MF and Residual is for 2014 and 2015 QX60 FWD & QX60 AWD? this is for 36mo and 39mo @ 12K.

do MF and RV vary by state? i'm in CA.

thank you.

.00023 MF and 53%/52% residual.

Infiniti numbers are national, but expire at the end of today.

kyfdx

kap8 said:

NY. Nassau County. 2014 QX60 AWD base model. 39 mths/12k miles. Cap Cost $41,495. MSRP 46,375. Money factor .00024. Residual value 53%. Deal: $586/mth. Nothing down but lic/title/dmv fees (approx $600). They make first month's payment and have agreed to cover approximately $2k "overmileage" from prior lease (non-Infiniti SUV). Thoughts?

With that MSRP and CAP cost, the payment is about $450/mo.

If CAP additions for tax, acq.fee and your $2000 add up to around $5200, then the numbers are correct.

kyfdx

avi_car said:

Qx60 - AWD MSRP-$56750, Selling Price- $49440, yr-2014, buyback option after 39/12k miles = $30000

Total Down Payment with first month drive off - $1750

lease pmt including tax - $545 
 Pls suggest.

I think I answered this in another discussion, already.

ralora

Please advice if this is good:

2014 QX60 2WD with: Driver Assistance Pkg, Theater Pkg, Premium Pkg, Premium Plus Pkg, Cargo Pkg, Rear bumper protector, Illuminated kick plates

MSRP: $52,125
Residual: 50% - $26,062.50
Gross Cap Cost: $51,963.97
Adjusted Cap Cost: $51,234.24
39 month Lease w/ 15k miles
Payment including tax: $703
Disposition Fee: $395.00
Due in at signing: $803.01 (1st payment + DMV)

This includes negative equity of $4,515.16 of 2 trade-in vehicles.

Michaell

ralora said:

Please advice if this is good:

2014 QX60 2WD with: Driver Assistance Pkg, Theater Pkg, Premium Pkg, Premium Plus Pkg, Cargo Pkg, Rear bumper protector, Illuminated kick plates

MSRP: $52,125
Residual: 50% - $26,062.50
Gross Cap Cost: $51,963.97
Adjusted Cap Cost: $51,234.24
39 month Lease w/ 15k miles
Payment including tax: $703
Disposition Fee: $395.00
Due in at signing: $803.01 (1st payment + DMV)

This includes negative equity of $4,515.16 of 2 trade-in vehicles.

The adjusted cap cost includes the $4500 of negative equity? With your MSRP and adjusted cap cost, along with the 50% residual and .00023 MF, I get a pre-tax payment of $663.21. 6% tax takes the payment to $703 exactly.

ralora

Yes the adjusted cap cost includes the negative equity.

So; is this this a good deal?

Michaell

ralora said:

Yes the adjusted cap cost includes the negative equity.

So; is this this a good deal?

If you are comfortable with the adjusted cap cost, then there isn't much else to be done to lower the payment.

ralora

Michaell said:

ralora said:

Yes the adjusted cap cost includes the negative equity.

So; is this this a good deal?

If you are comfortable with the adjusted cap cost, then there isn't much else to be done to lower the payment.

I figure TMV is $47,842 + Neg equity $4,515.16 gives me an adjusted cap cost $52,357.16 and I'm getting it for $51,234.24; which is $1,122.92 less than TMV so I guess it is ok, right?

Michaell

ralora said:

Michaell said:

ralora said:

Yes the adjusted cap cost includes the negative equity.

So; is this this a good deal?

If you are comfortable with the adjusted cap cost, then there isn't much else to be done to lower the payment.

I figure TMV is $47,842 + Neg equity $4,515.16 gives me an adjusted cap cost $52,357.16 and I'm getting it for $51,234.24; which is $1,122.92 less than TMV so I guess it is ok, right?

The negative equity works out to about $115 more per month on the payment .. are you turning in a lease early?

You may want to check out the "Real World Trade In Values" discussion to ensure that the dealer is giving you a fair price for your trade(s). Might not have as much negative equity as they say.

ralora

Michaell said:

ralora said:

Michaell said:

ralora said:

Yes the adjusted cap cost includes the negative equity.

So; is this this a good deal?

If you are comfortable with the adjusted cap cost, then there isn't much else to be done to lower the payment.

I figure TMV is $47,842 + Neg equity $4,515.16 gives me an adjusted cap cost $52,357.16 and I'm getting it for $51,234.24; which is $1,122.92 less than TMV so I guess it is ok, right?

The negative equity works out to about $115 more per month on the payment .. are you turning in a lease early?

You may want to check out the "Real World Trade In Values" discussion to ensure that the dealer is giving you a fair price for your trade(s). Might not have as much negative equity as they say.

I did check around, and took them to CarMax as well. My vehicles where not leased, they were purchased. One, a 2010 Murano had 80k miles and the other one a 2012 Quest had almost 45k miles. Based on the CarMax offer alone, the neg equity was almost $6k. I figure, I needed to buy extended warranties on my vehicles ($800-$1,000 each). In addition my payments were a bit on the high end as I had purchased these vehicles, and I also needed a third car, so basically I got a new Q40, a Q50 and a QX60 for approximate $140 more per month and I only had to come up with the first payment for all three. I think I came out ok.

Thanks for all your support!!

Michaell

ralora said:

Michaell said:

ralora said:

Michaell said:

ralora said:

Yes the adjusted cap cost includes the negative equity.

So; is this this a good deal?

If you are comfortable with the adjusted cap cost, then there isn't much else to be done to lower the payment.

I figure TMV is $47,842 + Neg equity $4,515.16 gives me an adjusted cap cost $52,357.16 and I'm getting it for $51,234.24; which is $1,122.92 less than TMV so I guess it is ok, right?

The negative equity works out to about $115 more per month on the payment .. are you turning in a lease early?

You may want to check out the "Real World Trade In Values" discussion to ensure that the dealer is giving you a fair price for your trade(s). Might not have as much negative equity as they say.

I did check around, and took them to CarMax as well. My vehicles where not leased, they were purchased. One, a 2010 Murano had 80k miles and the other one a 2012 Quest had almost 45k miles. Based on the CarMax offer alone, the neg equity was almost $6k. I figure, I needed to buy extended warranties on my vehicles ($800-$1,000 each). In addition my payments were a bit on the high end as I had purchased these vehicles, and I also needed a third car, so basically I got a new Q40, a Q50 and a QX60 for approximate $140 more per month and I only had to come up with the first payment for all three. I think I came out ok.

Thanks for all your support!!

Good deal ... glad we could help!

nelsonto

Could you pass along the MF and residual on both a 2014 and 2015 QX60 AWD, for a 39 month lease with 12K miles. Thanks!