2015 Infiniti Q40 Lease Questions

124

Comments

  • pmo86pmo86 Member Posts: 9
    Here is what my dealer is proposing. Let me know what you guys think.

    MSRP: 39,395 (RWD)
    PRICE: 32,498
    MF: 0.00021
    RES: 63%
    TERM: 24/10k

    There are tax incentives in TX right now, so I would only pay about $400 in tax.

    Thanks
  • MichaellMichaell Moderator Posts: 252,948
    pmo86 said:

    Here is what my dealer is proposing. Let me know what you guys think.

    MSRP: 39,395 (RWD)
    PRICE: 32,498
    MF: 0.00021
    RES: 63%
    TERM: 24/10k

    There are tax incentives in TX right now, so I would only pay about $400 in tax.

    Thanks

    I get $332/mo with those numbers.

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  • spidpooyspidpooy Member Posts: 182
    pmo86 said:

    Here is what my dealer is proposing. Let me know what you guys think.

    MSRP: 39,395 (RWD)
    PRICE: 32,498
    MF: 0.00021
    RES: 63%
    TERM: 24/10k

    There are tax incentives in TX right now, so I would only pay about $400 in tax.

    Thanks

    You should be able to get better deal on RWD.
  • mwahlertmwahlert Member Posts: 109
    May numbers for 24/15, please? RWD/AWD
  • kyfdxkyfdx Moderator Posts: 254,331
    mwahlert said:

    May numbers for 24/15, please? RWD/AWD

    RWD: .00021 MF and 60% residual
    AWD: .00008 MF and 59% residual

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  • jkipsterjkipster Member Posts: 272
    kyfdx said:

    mwahlert said:

    May numbers for 24/15, please? RWD/AWD

    RWD: .00021 MF and 60% residual
    AWD: .00008 MF and 59% residual
    And for RWD 39/10 and 39/12? TIA.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • kyfdxkyfdx Moderator Posts: 254,331
    jkipster said:

    kyfdx said:

    mwahlert said:

    May numbers for 24/15, please? RWD/AWD

    RWD: .00021 MF and 60% residual
    AWD: .00008 MF and 59% residual
    And for RWD 39/10 and 39/12? TIA.
    Same money factors.. 54%/53% residual

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  • spidpooyspidpooy Member Posts: 182
    kyfdx said:



    Same money factors.. 54%/53% residual

    @kyfdx do you know when these Infiniti lease numbers expire ? Are you aware of any lease cash to dealers ?

  • kyfdxkyfdx Moderator Posts: 254,331
    spidpooy said:

    kyfdx said:



    Same money factors.. 54%/53% residual

    @kyfdx do you know when these Infiniti lease numbers expire ? Are you aware of any lease cash to dealers ?

    June 1st. no info on lease cash

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  • jkipsterjkipster Member Posts: 272
    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver.

    It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease.

    Here is my deal on a 24mo/10K lease:
    Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax.

    Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net
    MSRP $39,395
    Selling Price: $29,200
    Residual: 63% ($24,818.85)
    Money Factor: 0.00001 (2 security deposits)
    Capped items:
    Bank fee $700
    Doc fee $45
    License fee $320
    Gross capped cost: $30,265

    My $1,000 loyalty rebate was applied as follows:
    Cap reduction $711.60
    Sales tax on cap reduction $64.04
    1st month payment $215.61
    CA tire fee $8.75

    Net cap cost: $29,553.40
    Depreciation: $4,734.55
    Rent $12.96
    Total Base Monthly Payment: $197.81
    Sales Tax $17.80
    Total Monthly Payment $215.61

    This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • MichaellMichaell Moderator Posts: 252,948
    jkipster said:

    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver.

    It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease.

    Here is my deal on a 24mo/10K lease:
    Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax.

    Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net
    MSRP $39,395
    Selling Price: $29,200
    Residual: 63% ($24,818.85)
    Money Factor: 0.00001 (2 security deposits)
    Capped items:
    Bank fee $700
    Doc fee $45
    License fee $320
    Gross capped cost: $30,265

    My $1,000 loyalty rebate was applied as follows:
    Cap reduction $711.60
    Sales tax on cap reduction $64.04
    1st month payment $215.61
    CA tire fee $8.75

    Net cap cost: $29,553.40
    Depreciation: $4,734.55
    Rent $12.96
    Total Base Monthly Payment: $197.81
    Sales Tax $17.80
    Total Monthly Payment $215.61

    This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.

    Holy cow - that is an amazing deal. I don't see compacts leasing for that amount, and I monitor all the lease discussions here in the forums.

    Too bad the Q40 is going away - if I could score a deal like that, I'd get one as my next lease, but that isn't until November 2016.

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  • sebastian10sebastian10 Member Posts: 72
    Yeah, this is wow!
  • roma007roma007 Member Posts: 39
    jkipster said:

    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver.

    It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease.

    Here is my deal on a 24mo/10K lease:
    Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax.

    Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net
    MSRP $39,395
    Selling Price: $29,200
    Residual: 63% ($24,818.85)
    Money Factor: 0.00001 (2 security deposits)
    Capped items:
    Bank fee $700
    Doc fee $45
    License fee $320
    Gross capped cost: $30,265

    My $1,000 loyalty rebate was applied as follows:
    Cap reduction $711.60
    Sales tax on cap reduction $64.04
    1st month payment $215.61
    CA tire fee $8.75

    Net cap cost: $29,553.40
    Depreciation: $4,734.55
    Rent $12.96
    Total Base Monthly Payment: $197.81
    Sales Tax $17.80
    Total Monthly Payment $215.61

    This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.

    This is a ridiculously good deal!! Would you be able to share what incentives or offers you were able to apply to get this price? I am interested in the same car, but AWD here in the NY/NJ area. I have another Infiniti in the household as well, so hopefully the 1k loyalty discount should apply as well.

    Thinking of buying...instead of leasing.

    Appreciate your help.
  • jkipsterjkipster Member Posts: 272
    roma007 said:
    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver. It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease. Here is my deal on a 24mo/10K lease: Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax. Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net MSRP $39,395 Selling Price: $29,200 Residual: 63% ($24,818.85) Money Factor: 0.00001 (2 security deposits) Capped items: Bank fee $700 Doc fee $45 License fee $320 Gross capped cost: $30,265 My $1,000 loyalty rebate was applied as follows: Cap reduction $711.60 Sales tax on cap reduction $64.04 1st month payment $215.61 CA tire fee $8.75 Net cap cost: $29,553.40 Depreciation: $4,734.55 Rent $12.96 Total Base Monthly Payment: $197.81 Sales Tax $17.80 Total Monthly Payment $215.61 This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.
    This is a ridiculously good deal!! Would you be able to share what incentives or offers you were able to apply to get this price? I am interested in the same car, but AWD here in the NY/NJ area. I have another Infiniti in the household as well, so hopefully the 1k loyalty discount should apply as well. Thinking of buying...instead of leasing. Appreciate your help.
    I'm sure there were Infiniti incentives back to the dealers but the only one that was discussed was the $1K loyalty, which in my case was used for additional cap reduction and drive offs.

    I worked another dealer down to $30K and then showed that quote to SB. They had sold a bunch of cars that day and so was able to squeeze in one last sale to me at that price.

    What I've learned is that I have to go on the lot after initial contact via email to show serious intent to buy. Once there they don't like to let you leave without a sale, so when they let me walk off with their last quote, then I know that's as low as they're comfortable going down to.

    I just tell them that I'll think about it, but now I've got a low quote in hand. Then the real competition starts and you find out quickly which dealers will beat the lowest price and are really willing to close the deal.

    Unfortunately the AWD money factor can't be reduced by deposits so the selling price is the only way to lower the monthly payment.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • jkipsterjkipster Member Posts: 272
    roma007 said:
    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver. It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease. Here is my deal on a 24mo/10K lease: Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax. Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net MSRP $39,395 Selling Price: $29,200 Residual: 63% ($24,818.85) Money Factor: 0.00001 (2 security deposits) Capped items: Bank fee $700 Doc fee $45 License fee $320 Gross capped cost: $30,265 My $1,000 loyalty rebate was applied as follows: Cap reduction $711.60 Sales tax on cap reduction $64.04 1st month payment $215.61 CA tire fee $8.75 Net cap cost: $29,553.40 Depreciation: $4,734.55 Rent $12.96 Total Base Monthly Payment: $197.81 Sales Tax $17.80 Total Monthly Payment $215.61 This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.
    This is a ridiculously good deal!! Would you be able to share what incentives or offers you were able to apply to get this price? I am interested in the same car, but AWD here in the NY/NJ area. I have another Infiniti in the household as well, so hopefully the 1k loyalty discount should apply as well. Thinking of buying...instead of leasing. Appreciate your help.
    One other thing, the residual feels inflated so if you were considering keeping the car long term, still consider leasing first. The market value of the car at lease end will probably be a couple thousand less than the residual so you could save some upfront costs and then shop around on the back end for a CPO for less money.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • roma007roma007 Member Posts: 39
    jkipster said:


    roma007 said:

    jkipster said:

    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver.

    It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease.

    Here is my deal on a 24mo/10K lease:
    Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax.

    Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net
    MSRP $39,395
    Selling Price: $29,200
    Residual: 63% ($24,818.85)
    Money Factor: 0.00001 (2 security deposits)
    Capped items:
    Bank fee $700
    Doc fee $45
    License fee $320
    Gross capped cost: $30,265

    My $1,000 loyalty rebate was applied as follows:
    Cap reduction $711.60
    Sales tax on cap reduction $64.04
    1st month payment $215.61
    CA tire fee $8.75

    Net cap cost: $29,553.40
    Depreciation: $4,734.55
    Rent $12.96
    Total Base Monthly Payment: $197.81
    Sales Tax $17.80
    Total Monthly Payment $215.61

    This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.

    This is a ridiculously good deal!! Would you be able to share what incentives or offers you were able to apply to get this price? I am interested in the same car, but AWD here in the NY/NJ area. I have another Infiniti in the household as well, so hopefully the 1k loyalty discount should apply as well.

    Thinking of buying...instead of leasing.

    Appreciate your help.

    One other thing, the residual feels inflated so if you were considering keeping the car long term, still consider leasing first. The market value of the car at lease end will probably be a couple thousand less than the residual so you could save some upfront costs and then shop around on the back end for a CPO for less money.

    Appreciate the insight. I was actually considering a CPO G37, but the prices don't seem much lower than the Q40. The thing that bugs me with the Q40 is that they took out the memory settings for seats. Seems like a basic feature for a sedan in this class.
  • spidpooyspidpooy Member Posts: 182
    roma007 said:

    The thing that bugs me with the Q40 is that they took out the memory settings for seats. Seems like a basic feature for a sedan in this class.

    They want to force you to buy Q50...


  • jkipsterjkipster Member Posts: 272
    roma007 said:
    roma007 said:
    Well I didn't have to wait until the end of the month this time to get a deal I couldn't refuse. I like when the money factor ends in 1 like the current month. The offer was made at the end of the day yesterday and they said I had to close the deal right away so I signed at 10pm. I had my pick of the last two Q40s they had and I chose the black over the silver. It's my 4th lease at this dealer in the last five years so I'm a loyal returning customer. It definitely felt like they hooked me up. I have one month left on my G37xS so I'll keep driving that before turn in to offset the 10K miles on the new lease. Here is my deal on a 24mo/10K lease: Everything capped except for $500 security deposit at drive off. $215.61 monthly payment including 9% sales tax. Q40 RWD with Moonroof/Navi/Kick Plates/Mats and net MSRP $39,395 Selling Price: $29,200 Residual: 63% ($24,818.85) Money Factor: 0.00001 (2 security deposits) Capped items: Bank fee $700 Doc fee $45 License fee $320 Gross capped cost: $30,265 My $1,000 loyalty rebate was applied as follows: Cap reduction $711.60 Sales tax on cap reduction $64.04 1st month payment $215.61 CA tire fee $8.75 Net cap cost: $29,553.40 Depreciation: $4,734.55 Rent $12.96 Total Base Monthly Payment: $197.81 Sales Tax $17.80 Total Monthly Payment $215.61 This was at Autonation Infiniti South Bay. I can't recommend them enough. But like I said, they only have one left if they haven't already sold it.
    This is a ridiculously good deal!! Would you be able to share what incentives or offers you were able to apply to get this price? I am interested in the same car, but AWD here in the NY/NJ area. I have another Infiniti in the household as well, so hopefully the 1k loyalty discount should apply as well. Thinking of buying...instead of leasing. Appreciate your help.
    One other thing, the residual feels inflated so if you were considering keeping the car long term, still consider leasing first. The market value of the car at lease end will probably be a couple thousand less than the residual so you could save some upfront costs and then shop around on the back end for a CPO for less money.
    Appreciate the insight. I was actually considering a CPO G37, but the prices don't seem much lower than the Q40. The thing that bugs me with the Q40 is that they took out the memory settings for seats. Seems like a basic feature for a sedan in this class.
    That's definitely a feature that I will miss.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • 28firefighter28firefighter Member Posts: 9,609
    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    2024 Subaru WRX, 2015 Audi Q5 TDI
  • kyfdxkyfdx Moderator Posts: 254,331

    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    So... what happens to the CC?

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  • spidpooyspidpooy Member Posts: 182
    kyfdx said:

    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    So... what happens to the CC?
    Same question in here, Cap cost is $300 more than what expect if we include $700 bank fee.

  • MichaellMichaell Moderator Posts: 252,948
    spidpooy said:

    kyfdx said:

    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    So... what happens to the CC?
    Same question in here, Cap cost is $300 more than what expect if we include $700 bank fee.

    That's not what my co-host is referring to. The OP currently has a Volkswagen CC under lease with about 15-16 months left on it.

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • nyccarguynyccarguy Member Posts: 16,929
    kyfdx said:
    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    So... what happens to the CC?
    Yes.  inquiring minds want to know.

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD

  • njinfinitiguy6njinfinitiguy6 Member Posts: 1
    Picking up my 2015Q40 AWD today. 
    39 months, 15k miles per year. 
    $0 cap cost reduction 
    MSRP $40,560
    nav and moonroof

    motor vehicle, bank, doc fee $1396
    tax built into lease payment. 

    I was was first provided with the fees and first month due at signing with $293 as the monthly payment. Again, the $293 included 7% NJ sales tax. 

    I I then had them roll in the $1396 into the payment. 

    With the interest on that amount, I'm at $330 a month with first month ($330) due at signing. 

    This is my 6th infiniti. While it's missing some features my current G37XS has, I'm still excited and am not fully sold on the Q50 yet, so this will be a good alternative until the Q50 is redesigned. 
  • 28firefighter28firefighter Member Posts: 9,609
    nyccarguy said:


    kyfdx said:

    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    So... what happens to the CC?

    Yes.  inquiring minds want to know.

    HA - If you folks remember, I was helping a good friend. This is his car.
    2024 Subaru WRX, 2015 Audi Q5 TDI
  • nyccarguynyccarguy Member Posts: 16,929

    nyccarguy said:


    kyfdx said:

    To add a data point from the Pacific Northwest-

    MSRP: $41,700
    Sale Price: $32,300
    Cap Cost: $33,000
    Due at Signing: First Month + Tags + Doc Fee
    MF: .00008
    Residual: 53%
    39 months
    12k miles/year
    $337/month including 9.8% tax. 

    So... what happens to the CC?

    Yes.  inquiring minds want to know.
    HA - If you folks remember, I was helping a good friend. This is his car.

    uh-huh, a "friend."

    2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD

  • 28firefighter28firefighter Member Posts: 9,609
    edited May 2015
    I would post a picture, but the CC is filthy. You'll just have to take my word for it.

    Besides, what I am really pining for is a 4-door GTI S DSG with Lighting Package.
    2024 Subaru WRX, 2015 Audi Q5 TDI
  • raz5219raz5219 Member Posts: 20

    Picking up my 2015Q40 AWD today. 
    39 months, 15k miles per year. 
    $0 cap cost reduction 
    MSRP $40,560
    nav and moonroof

    motor vehicle, bank, doc fee $1396
    tax built into lease payment. 

    I was was first provided with the fees and first month due at signing with $293 as the monthly payment. Again, the $293 included 7% NJ sales tax. 

    I I then had them roll in the $1396 into the payment. 

    With the interest on that amount, I'm at $330 a month with first month ($330) due at signing. 

    This is my 6th infiniti. While it's missing some features my current G37XS has, I'm still excited and am not fully sold on the Q50 yet, so this will be a good alternative until the Q50 is redesigned. 


    That's a great deal. Mind sharing what dealership you went to? I'm in the market for the same car and options and looking to do something immediately.

    Thanks in advance
  • rkb_htownrkb_htown Member Posts: 21
    Anyone have lease numbers (mf, residuals) for June for Q40 RWD for 24 months / 10K miles? Thx.
  • kyfdxkyfdx Moderator Posts: 254,331
    rkb_htown said:

    Anyone have lease numbers (mf, residuals) for June for Q40 RWD for 24 months / 10K miles? Thx.

    .00021 MF and 63% residual

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  • rkb_htownrkb_htown Member Posts: 21
    I'm an employee of a company that qualifies for Vehicle Purchase Program (VPP) pricing, which is supposed to be simply Dealer Invoice cost. I'm getting a bunch of different quotes for identically equipped cars. This was very surprising to me, since I assumed that Dealer Invoice was the same for all dealers for identically equipped cars. 2 questions:

    1. Can the Dealer Invoice cost be different for different dealers for identically equipped cars (i.e., MSRP's are confirmed to be the same)? If so, which circumstances would cause this?

    2. Why is Edmund's Dealer Invoice Cost significantly higher than any of the quotes I'm getting (which as mentioned above is supposed to be Dealer Invoice)? Does Edmunds exclude some Dealer incentives, which the Dealers reflect in my quotes?
  • rkb_htownrkb_htown Member Posts: 21
    One of the lease quotes I got had the net capitalized cost including the first month's payment. So, their net cap cost = sales price - 1000 cash rebate + tax + TLF + acquisition fee ($700) + first month's lease payment. I would have assumed that the net capitalized cost is everything except the last item. I was able to confirm that the quoted monthly lease payment was indeed approximately [(net cap cost - residual) + estimated interest] / lease period in months. Estimated interest = MF x 2400 / 100 x lease period in years x average(net cap cost, residual).

    I don't understand including the first payment in this net cap cost calculation, especially since I'm still expected to make that first month's payment at signing (along with TLF) (i.e., I'm not capitalizing this first payment since I'm paying it). For that matter, I don't understand including the TLF in the net cap cost, since I'm paying that at signing too. Can anybody shed any light on the rationale behind this?
  • kyfdxkyfdx Moderator Posts: 254,331
    rkb_htown said:

    I'm an employee of a company that qualifies for Vehicle Purchase Program (VPP) pricing, which is supposed to be simply Dealer Invoice cost. I'm getting a bunch of different quotes for identically equipped cars. This was very surprising to me, since I assumed that Dealer Invoice was the same for all dealers for identically equipped cars. 2 questions:

    1. Can the Dealer Invoice cost be different for different dealers for identically equipped cars (i.e., MSRP's are confirmed to be the same)? If so, which circumstances would cause this?

    2. Why is Edmund's Dealer Invoice Cost significantly higher than any of the quotes I'm getting (which as mentioned above is supposed to be Dealer Invoice)? Does Edmunds exclude some Dealer incentives, which the Dealers reflect in my quotes?

    1) Yes. VPP should be identical, for identical models with identical MSRPs. Not sure why dealers are giving you different numbers, other than: Not really using the VPP program or little experience with it.

    2) I used VPP once (in 2011), but I don't remember it being tied specifically to the invoice price. VPP also includes any incentives available on the vehicle, so maybe that's why the spread is so large? (just guessing).

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  • mwahlertmwahlert Member Posts: 109
    June Q40 RWD 24/15, 36/15? Thanks.
  • MichaellMichaell Moderator Posts: 252,948
    mwahlert said:

    June Q40 RWD 24/15, 36/15? Thanks.

    .00021 and 60% / 52%

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  • rkb_htownrkb_htown Member Posts: 21
    kyfdx said:

    rkb_htown said:

    I'm an employee of a company that qualifies for Vehicle Purchase Program (VPP) pricing, which is supposed to be simply Dealer Invoice cost. I'm getting a bunch of different quotes for identically equipped cars. This was very surprising to me, since I assumed that Dealer Invoice was the same for all dealers for identically equipped cars. 2 questions:

    1. Can the Dealer Invoice cost be different for different dealers for identically equipped cars (i.e., MSRP's are confirmed to be the same)? If so, which circumstances would cause this?

    2. Why is Edmund's Dealer Invoice Cost significantly higher than any of the quotes I'm getting (which as mentioned above is supposed to be Dealer Invoice)? Does Edmunds exclude some Dealer incentives, which the Dealers reflect in my quotes?

    1) Yes. VPP should be identical, for identical models with identical MSRPs. Not sure why dealers are giving you different numbers, other than: Not really using the VPP program or little experience with it.

    2) I used VPP once (in 2011), but I don't remember it being tied specifically to the invoice price. VPP also includes any incentives available on the vehicle, so maybe that's why the spread is so large? (just guessing).
    Thx. I called VPP customer service, which tied Infiniti pricing to Dealer Invoice (Nissan is Dealer Invoice less $150) less incentives, but effectively refused to comment on why Dealer Invoice would differ across dealerships.

    One of the dealers I talked to when I asked why his Dealer Invoice was higher than that from other dealers, said that dealer costs can vary for the same car. I don't buy it, though. A couple of dealers lowered their prices when I questioned their quote, saying that they "forgot" to take out some fee or another in doing this VPP quote. Effectively, you're back to haggling, whose elimination of which is what the VPP touts as one of their benefits. I think it's deceptive to say that you honor the program, but then set the sales price to whatever.
  • q40wannabeq40wannabe Member Posts: 9
    Hello all. I'm a newbie to the forums and to car leasing. Done some reading and have some understanding now, but have a couple of quick questions:

    How does a credit rating come into play in leasing? I have an equifax score of 716 and transunion score of 714.

    What's the June rates for RWD 24/12. In one post above it says the MF is .00021? And what's the max MSD and corresponding MF?

    I believe that these values are nationwide and any difference is considered mark-up of the dealer? If that is so, do I counter with them that their numbers are wrong?

    Thanks in advance for any help.
  • jkipsterjkipster Member Posts: 272
    Hello all. I'm a newbie to the forums and to car leasing. Done some reading and have some understanding now, but have a couple of quick questions: How does a credit rating come into play in leasing? I have an equifax score of 716 and transunion score of 714. What's the June rates for RWD 24/12. In one post above it says the MF is .00021? And what's the max MSD and corresponding MF? I believe that these values are nationwide and any difference is considered mark-up of the dealer? If that is so, do I counter with them that their numbers are wrong? Thanks in advance for any help.
    Your credit score determines the credit tier rate that you qualify for. I think your scores should qualify you for the Tier 1 rates that are posted by the mods. For RWD 24/12 it should be .00021 and 54%. That means you can do up to 2 MSDs to get to .00001. The best way to approach dealers is to let them know that you are aware of the current IFS rates and will not pay any mark ups. The more knowledgeable you represent yourself the better.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • kyfdxkyfdx Moderator Posts: 254,331
    rkb_htown said:

    kyfdx said:

    rkb_htown said:

    I'm an employee of a company that qualifies for Vehicle Purchase Program (VPP) pricing, which is supposed to be simply Dealer Invoice cost. I'm getting a bunch of different quotes for identically equipped cars. This was very surprising to me, since I assumed that Dealer Invoice was the same for all dealers for identically equipped cars. 2 questions:

    1. Can the Dealer Invoice cost be different for different dealers for identically equipped cars (i.e., MSRP's are confirmed to be the same)? If so, which circumstances would cause this?

    2. Why is Edmund's Dealer Invoice Cost significantly higher than any of the quotes I'm getting (which as mentioned above is supposed to be Dealer Invoice)? Does Edmunds exclude some Dealer incentives, which the Dealers reflect in my quotes?

    1) Yes. VPP should be identical, for identical models with identical MSRPs. Not sure why dealers are giving you different numbers, other than: Not really using the VPP program or little experience with it.

    2) I used VPP once (in 2011), but I don't remember it being tied specifically to the invoice price. VPP also includes any incentives available on the vehicle, so maybe that's why the spread is so large? (just guessing).
    Thx. I called VPP customer service, which tied Infiniti pricing to Dealer Invoice (Nissan is Dealer Invoice less $150) less incentives, but effectively refused to comment on why Dealer Invoice would differ across dealerships.

    One of the dealers I talked to when I asked why his Dealer Invoice was higher than that from other dealers, said that dealer costs can vary for the same car. I don't buy it, though. A couple of dealers lowered their prices when I questioned their quote, saying that they "forgot" to take out some fee or another in doing this VPP quote. Effectively, you're back to haggling, whose elimination of which is what the VPP touts as one of their benefits. I think it's deceptive to say that you honor the program, but then set the sales price to whatever.
    I think I was pretty lucky when I leased a G37 back in 2011. Our local dealer was very straightforward with the program, and stuck to it. Which is good, because the next closest dealer is 90 miles away. Even with a "plan", you still have to keep your eyes open.

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  • kyfdxkyfdx Moderator Posts: 254,331

    Hello all. I'm a newbie to the forums and to car leasing. Done some reading and have some understanding now, but have a couple of quick questions:

    How does a credit rating come into play in leasing? I have an equifax score of 716 and transunion score of 714.

    What's the June rates for RWD 24/12. In one post above it says the MF is .00021? And what's the max MSD and corresponding MF?

    I believe that these values are nationwide and any difference is considered mark-up of the dealer? If that is so, do I counter with them that their numbers are wrong?

    Thanks in advance for any help.

    As noted by jkipster, assuming your credit history is good otherwise, your credit score should qualify you for top tier rates. If you aren't getting that rate, just tell the dealer you want the base/buy rate and won't pay any markups. You don't have to tell them they are wrong... they know what the numbers are. ;)

    And yes, Infiniti program is nationwide

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  • q40wannabeq40wannabe Member Posts: 9
    jkipster said:


    Your credit score determines the credit tier rate that you qualify for. I think your scores should qualify you for the Tier 1 rates that are posted by the mods. For RWD 24/12 it should be .00021 and 54%. That means you can do up to 2 MSDs to get to .00001. The best way to approach dealers is to let them know that you are aware of the current IFS rates and will not pay any mark ups. The more knowledgeable you represent yourself the better.
    Is the RV you quoted for 24/12 a typo? Maybe 64%? Otherwise great news altogether, thanks jkipster !
  • q40wannabeq40wannabe Member Posts: 9
    kyfdx said:



    As noted by jkipster, assuming your credit history is good otherwise, your credit score should qualify you for top tier rates. If you aren't getting that rate, just tell the dealer you want the base/buy rate and won't pay any markups. You don't have to tell them they are wrong... they know what the numbers are. ;)

    Great news. And great way to approach it, I can make a point without being 'combative', for lack of a better word. Thanks kyfdx!
  • jkipsterjkipster Member Posts: 272
    Your credit score determines the credit tier rate that you qualify for. I think your scores should qualify you for the Tier 1 rates that are posted by the mods. For RWD 24/12 it should be .00021 and 54%. That means you can do up to 2 MSDs to get to .00001. The best way to approach dealers is to let them know that you are aware of the current IFS rates and will not pay any mark ups. The more knowledgeable you represent yourself the better.
    Is the RV you quoted for 24/12 a typo? Maybe 64%? Otherwise great news altogether, thanks jkipster !
    Sorry it should be 62% for 24/12 since the mods provided 60% for 24/15 above.
    2001 Passat
    2010 G37S Sedan
    2013 G37xS Sedan
    2014 QX60
    2015 Q40
    2016 QX60
    2016 E350 Sedan
    2017 QX60
    2019 E450 Wagon
    2021 Sienna XSE AWD
    2022 Lexus RX350
    2022 Chrysler Pacifica Hybrid Limited
    2023 Nissan Pathfinder Platinum 4WD
  • rkb_htownrkb_htown Member Posts: 21
    I confirmed a 2 year lease deal today (in Texas) on a Q40 w/Nav + Moonroof. One thing I learned is that some dealers charge a L&M fee of 1.2% of the capitalized cost in months where they offer tax credits. Some dealers additionally charge a vehicle inventory tax of 0.2336%. The dealer I went to charged neither (explicitly, anyway). Anyhow, something to watch out for.

    I also found out why I got so many different VPP quotes - different dealers were giving up different amounts of their holdbacks.

    My 5th Infiniti lease and I'm still learning stuff...
  • MichaellMichaell Moderator Posts: 252,948
    rkb_htown said:

    I confirmed a 2 year lease deal today (in Texas) on a Q40 w/Nav + Moonroof. One thing I learned is that some dealers charge a L&M fee of 1.2% of the capitalized cost in months where they offer tax credits. Some dealers additionally charge a vehicle inventory tax of 0.2336%. The dealer I went to charged neither (explicitly, anyway). Anyhow, something to watch out for.

    I also found out why I got so many different VPP quotes - different dealers were giving up different amounts of their holdbacks.

    My 5th Infiniti lease and I'm still learning stuff...

    And leasing in Texas is more challenging than in other states, due to those tax differences.

    What did you end up paying?

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  • pmo86pmo86 Member Posts: 9
    rkb_htown said:

    I confirmed a 2 year lease deal today (in Texas) on a Q40 w/Nav + Moonroof. One thing I learned is that some dealers charge a L&M fee of 1.2% of the capitalized cost in months where they offer tax credits. Some dealers additionally charge a vehicle inventory tax of 0.2336%. The dealer I went to charged neither (explicitly, anyway). Anyhow, something to watch out for.

    I also found out why I got so many different VPP quotes - different dealers were giving up different amounts of their holdbacks.

    My 5th Infiniti lease and I'm still learning stuff...

    If you don't mind sharing, which dealership did you go to? I am in TX also.
  • rkb_htownrkb_htown Member Posts: 21
    I think I got a good deal from Southwest Infiniti, after comparing offers from at least half a dozen dealerships. I got a 24 month / 10K miles deal for $296 per month with first payment + $126 license fee due at signing. MSRP of 39,395 (i.e., Navi + moon, non-white color). Keep in mind this is VPP pricing, so I think the dealer gets cash back from Nissan to subsidize this purchase price. (For comparison purposes, the worst offer I got was from Austin Infiniti for $439 per month for the same car).

    As alluded to in my prior posts, they didn't hit me up for L&M or vehicle inventory taxes, which saved a few hundred dollars. Also, they're running tax credit in June, so no taxes altogether. Total out of pocket of around $7225.
  • rkb_htownrkb_htown Member Posts: 21
    I forgot to mention, they also throw in the maintenance for the 2 year period, so that's probably worth another $200-$300 for this deal. Not all Infiniti dealerships still provide this service.

    Also, they include window tint as part of prepping (i.e., it's free), so that's nice too.
  • blom0117blom0117 Member Posts: 2
    edited June 2015
    Could someone please confirm MF and residual % for Q40 AWD 39mo/10K and 36mo/10K?  When do these numbers expire, end of June?  In MN if that matters.  Thank you!!
  • MichaellMichaell Moderator Posts: 252,948
    blom0117 said:

    Could someone please confirm MF and residual % for Q40 AWD 39mo/10K and 36mo/10K?  When do these numbers expire, end of June?  In MN if that matters.  Thank you!!

    .00008 and 55% for 36/10. Subtract 1% for 39 months.

    These numbers expire on 6/30/15

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