Lease data for January 2014?

anthropo

Hi all,

Does anyone have the lease data for January 2014?

Money factor? Residual?

For an Infiniti QX60 CVT.

Is it true that I can reduce the money factor with multiple deposits? So, at best, what might that money factor be reduced to?

Anybody know what a good price might be for a QX60 CVT with premium and premium plus ($48k msrp)?

Thanks in advance!

kyfdx

Check out this discussion..

http://forums.edmunds.com/discussion/15447/infiniti/jx/infiniti-qx60-lease-questions#latest

hercules00

@anthropo said:
Hi all,

Is it true that I can reduce the money factor with multiple deposits? So, at best, what might that money factor be reduced to?

Yes, the money factor can be reduced if you prepay the entire depreciation (selling price - MSRP x residual) but it is recommended that you do not. Here is why.

The car sold for 45k, MSRP 50k and 60% residual. So you paid down the 15k depreciation and walked drove out of the lot.

You have an accident and the car gets totaled.

Insurance company figure that the value of the totaled car is 42k and pays that money to the leasing company.

So leasing company - for whom the actual value of the car is 30k because you prepaid the depreciation - pockets than extra 12k.

You have paid the extra 15k for the expected depreciation over the next 3 years but you get back $0.00.

So you are instantly down 15k. If you financed instead of leasing the car, you would be down only 3k in the same scenario (45k cost - 42k the insurance company valued the car at).