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2015 Infiniti Q50 Lease Questions

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  • kyfdxkyfdx Moderator Posts: 266,684
    bo16 said:

    Can I get MF & Residual for Q50S RWD, 39mo, 15k in socal. Thanks.

    .00032 MF and 52% residual

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  • EandOHEandOH Member Posts: 24
    cagorm said:

    Tonight I leased a moonlight white/graphite Q50S AWD with Nav and Touring with an MSRP of $51,225 and a selling price of $42,756.64 (plus $499 processing fee) for 39 months with 12,000 miles per year and a money factor of .00018. My zero down, pre-tax monthly payment is $430.28. Below is a breakdown of the calculation. Thank you to everyone participating in this forum (especially the moderator) for sharing such useful information.

    MSRP $51,225
    Agreed upon value of vehicle $42,756.64
    Acquisition Fee $700
    Processing Fee $499
    Cap Cost $43,995.64
    Residual $27,677.70
    Money Factor .00018
    Monthly Rent Charge $12.89
    Monthly Depreciation $417.38
    Monthly Payment $430.28

    My dealer says everything looks right about this info except he cannot get to the monthly payment. For a Q50 Sport w/MSRP of $47k, he's coming up with monthly payment of $470? Is your monthly payment figure accurate? If so, can please provide name of dealer?
  • pmo86pmo86 Member Posts: 9
    EandOH said:



    My dealer says everything looks right about this info except he cannot get to the monthly payment. For a Q50 Sport w/MSRP of $47k, he's coming up with monthly payment of $470? Is your monthly payment figure accurate? If so, can please provide name of dealer?

    I calculate the same payment (430) using his numbers. Is your dealer including tax in the payment? If not, they are adding extra costs in somewhere.
  • bo16bo16 Member Posts: 21
    What do you think of this deal? In socal area.
    Q50S RWD, Nav, Tech, Deluxe Touring, spare tire, ill kick plates.
    39mo/15k
    $0 drive off
    MSRP $53095
    Fees $500
    Cap Cost $44122
    Residual $27609
    Monthly Payment $497.00 (includes tax)

    Thanks.
  • MichaellMichaell Moderator Posts: 263,027
    bo16 said:

    What do you think of this deal? In socal area.
    Q50S RWD, Nav, Tech, Deluxe Touring, spare tire, ill kick plates.
    39mo/15k
    $0 drive off
    MSRP $53095
    Fees $500
    Cap Cost $44122
    Residual $27609
    Monthly Payment $497.00 (includes tax)

    Thanks.

    I get $482/mo before tax; 9% tax should take the payment to about $525/mo, so your deal looks very good by comparison.

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  • known_unknownknown_unknown Member Posts: 6
    Hello all,

    Can someone please let me know if the lease payment matches...

    2015 AWD Premium w/ Navi

    MSRP $44,105
    Adjusted cap cost: $37,105
    MF: .00018 = .432%
    Residual: 55%

    $840 due at signing... first months payment doc fees.

    Monthly payment of $437.21 (I live in Illinois

    THANK YOU!!
  • known_unknownknown_unknown Member Posts: 6
    Oops, forgot to mention 39 months/10k miles lease.
  • kyfdxkyfdx Moderator Posts: 266,684

    Hello all,

    Can someone please let me know if the lease payment matches...

    2015 AWD Premium w/ Navi

    MSRP $44,105
    Adjusted cap cost: $37,105
    MF: .00018 = .432%
    Residual: 55%

    $840 due at signing... first months payment doc fees.

    Monthly payment of $437.21 (I live in Illinois

    THANK YOU!!

    With that adjusted CAP cost, I get a payment of $368/mo.

    But, I don't see any provision for the acquisition fee or tax in your deal. I'd guess that the adjusted CAP cost is not actually the adjusted CAP cost.

    Also, don't bother converting the money factor to an APR. That's not used in the calculations.

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  • ny311ny311 Member Posts: 10
    I am brand new to leasing and have no idea on working out a good deal with dealers. I have purchased many vehicles in the past with great price but wanted to see if leasing makes sense for me. I am interested in Q50 AWD Premium. I am in Queens, NY. What prices should I be looking at? I would like to save overall for the time of lease and do not mind putting some money down. Thanks for any help you can provide.
  • MichaellMichaell Moderator Posts: 263,027
    ny311 said:

    I am brand new to leasing and have no idea on working out a good deal with dealers. I have purchased many vehicles in the past with great price but wanted to see if leasing makes sense for me. I am interested in Q50 AWD Premium. I am in Queens, NY. What prices should I be looking at? I would like to save overall for the time of lease and do not mind putting some money down. Thanks for any help you can provide.

    You negotiate a lease just like you would a purchase ... get the best selling price possible. There are some fees that exist for leases that don't when you buy (bank fee, for example); these are due when you sign the paperwork.

    After that, it's just a matter of crunching the lease numbers ... what lease term and miles per year are you looking for? .00018 is the MF for the AWD and 53% is the 36 month, 15,000 mile per year residual value.

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  • ny311ny311 Member Posts: 10
    Michaell said:

    ny311 said:

    I am brand new to leasing and have no idea on working out a good deal with dealers. I have purchased many vehicles in the past with great price but wanted to see if leasing makes sense for me. I am interested in Q50 AWD Premium. I am in Queens, NY. What prices should I be looking at? I would like to save overall for the time of lease and do not mind putting some money down. Thanks for any help you can provide.

    You negotiate a lease just like you would a purchase ... get the best selling price possible. There are some fees that exist for leases that don't when you buy (bank fee, for example); these are due when you sign the paperwork.

    After that, it's just a matter of crunching the lease numbers ... what lease term and miles per year are you looking for? .00018 is the MF for the AWD and 53% is the 36 month, 15,000 mile per year residual value.
    Thx for the quick reply. I can do 24/36/39mo with 12k miles/yr. I am still trying to understand how MF and residual values work.
  • MichaellMichaell Moderator Posts: 263,027
    ny311 said:

    Michaell said:

    ny311 said:

    I am brand new to leasing and have no idea on working out a good deal with dealers. I have purchased many vehicles in the past with great price but wanted to see if leasing makes sense for me. I am interested in Q50 AWD Premium. I am in Queens, NY. What prices should I be looking at? I would like to save overall for the time of lease and do not mind putting some money down. Thanks for any help you can provide.

    You negotiate a lease just like you would a purchase ... get the best selling price possible. There are some fees that exist for leases that don't when you buy (bank fee, for example); these are due when you sign the paperwork.

    After that, it's just a matter of crunching the lease numbers ... what lease term and miles per year are you looking for? .00018 is the MF for the AWD and 53% is the 36 month, 15,000 mile per year residual value.
    Thx for the quick reply. I can do 24/36/39mo with 12k miles/yr. I am still trying to understand how MF and residual values work.
    You might start here:

    http://www.edmunds.com/car-leasing/should-you-lease-or-buy-your-car.html

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  • dk01dk01 Member Posts: 14
    Hello,

    Looking to lease a 2015 q50 base awd in new jersey. Msrp is $41,930. Can you provide the mf and residual for the base awd in nj? For 10k, 36/39mths and 12k 36/39mths. I know most dealers nj are offering 39 mths. Also if any one in nj has recently purchased or leased a base q50 awd how much off Msrp were you able to get? How much off invoice is possible currently?

    I'm looking to max out the MSD and try and get this particular base q50 awd bet. $230-260 per month. Is this possible? 

    One dealership in nj is offering $299/ mth for 39mths with $999 + ttl at closing. The $999 is bank fee of $700 +1st months payment. This is for the base q50awd. Thanks so much for your help!

  • MichaellMichaell Moderator Posts: 263,027
    dk01 said:

    Hello,

    Looking to lease a 2015 q50 base awd in new jersey. Msrp is $41,930. Can you provide the mf and residual for the base awd in nj? For 10k, 36/39mths and 12k 36/39mths. I know most dealers nj are offering 39 mths. Also if any one in nj has recently purchased or leased a base q50 awd how much off Msrp were you able to get? How much off invoice is possible currently?

    I'm looking to max out the MSD and try and get this particular base q50 awd bet. $230-260 per month. Is this possible? 

    One dealership in nj is offering $299/ mth for 39mths with $999 + ttl at closing. The $999 is bank fee of $700 +1st months payment. This is for the base q50awd. Thanks so much for your help!

    36/12 AWD Base is 56% and .00018. Add 1% for 10K. Subtract 1% for 39 months.

    Read back through the last couple of pages of posts to see what others have been able to negotiate as far as discounts; you can also use the pricing tools here at Edmunds (make / model / year) at the top of the page to help set price targets.

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  • dk01dk01 Member Posts: 14
    Michaell said:
    Hello,

    Looking to lease a 2015 q50 base awd in new jersey. Msrp is $41,930. Can you provide the mf and residual for the base awd in nj? For 10k, 36/39mths and 12k 36/39mths. I know most dealers nj are offering 39 mths. Also if any one in nj has recently purchased or leased a base q50 awd how much off Msrp were you able to get? How much off invoice is possible currently?

    I'm looking to max out the MSD and try and get this particular base q50 awd bet. $230-260 per month. Is this possible? 

    One dealership in nj is offering $299/ mth for 39mths with $999 + ttl at closing. The $999 is bank fee of $700 +1st months payment. This is for the base q50awd. Thanks so much for your help!

    36/12 AWD Base is 56% and .00018. Add 1% for 10K. Subtract 1% for 39 months. Read back through the last couple of pages of posts to see what others have been able to negotiate as far as discounts; you can also use the pricing tools here at Edmunds (make / model / year) at the top of the page to help set price targets.
    Thank you for the quick response! 
  • calebejcalebej Member Posts: 4
    I am looking to lease a Q50 and feel like the price is a bit high. The dealer quoted me a Q50a with MSRP of $41,085 with a Selling Price of $37,019. That seems high given the discussion on this forum.
  • dk01dk01 Member Posts: 14
    calebej said:
    I am looking to lease a Q50 and feel like the price is a bit high. The dealer quoted me a Q50a with MSRP of $41,085 with a Selling Price of $37,019. That seems high given the discussion on this forum.
    I'd say 37k is too high. I looked on this board and some others and it looks like discounts can be had for 15-18% off msrp. 
  • MichaellMichaell Moderator Posts: 263,027
    calebej said:
    I am looking to lease a Q50 and feel like the price is a bit high. The dealer quoted me a Q50a with MSRP of $41,085 with a Selling Price of $37,019. That seems high given the discussion on this forum.
    Try reaching out to a second dealer. The competition will help you get the price you want. 

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  • zhyder1212zhyder1212 Member Posts: 9
    Can someone please tell me the MF and residual for Q50 Premium AWD/RWD for 39 months / 12K miles? Thanks!
  • kyfdxkyfdx Moderator Posts: 266,684

    Can someone please tell me the MF and residual for Q50 Premium AWD/RWD for 39 months / 12K miles? Thanks!

    AWD: .00018 MF and 54% residual
    RWD: .00032 MF and 54% residual

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  • carnadocarnado Member Posts: 4
    edited June 2015
    I feel like I'm getting a pretty good deal but this is my first time leasing so I want to be sure. I am in NY and here are my numbers:

    $339 a month, 0 down, $1486.27 due at signing

    2015 INFINITI Q50 AWD Base

    Payment Details
    Term 39 months
    Base Payment $339.99
    Total Payment $339.99
    Purchase Option $23,780.80
    MSRP $41,930.00
    Est. Miles Per Year 10,000
    Disposition Fee $395.00
    Excess Mileage Charge 0.25


    Amount Due at Signing
    1st Month Payment $339.99
    Acquisition Fee $700.00
    Fees & Insurance $377.50
    Upfront Taxes $68.78
    Total Inception Fees $1,486.27


    Tax Information
    Customer State: New York
    Type Amount Rate Paid
    Cashdown Tax $68.78 8.8750% Upfront
    Upfront Tax $1,176.04 8.8750% Capped

    Fee Information
    Description Amount Paid
    Doc Fee $75.00 Upfront
    Registration $280.00 Upfront
    Inspection $10.00 Upfront
    Tire Tax $12.50 Upfront
  • kyfdxkyfdx Moderator Posts: 266,684
    carnado said:

    I feel like I'm getting a pretty good deal but this is my first time leasing so I want to be sure. I am in NY and here are my numbers:

    $339 a month, 0 down, $1486.27 due at signing

    2015 INFINITI Q50 AWD Base

    Payment Details
    Term 39 months
    Base Payment $339.99
    Total Payment $339.99
    Purchase Option $23,780.80
    MSRP $41,930.00
    Est. Miles Per Year 10,000
    Disposition Fee $395.00
    Excess Mileage Charge 0.25


    Amount Due at Signing
    1st Month Payment $339.99
    Acquisition Fee $700.00
    Fees & Insurance $377.50
    Upfront Taxes $68.78
    Total Inception Fees $1,486.27


    Tax Information
    Customer State: New York
    Type Amount Rate Paid
    Cashdown Tax $68.78 8.8750% Upfront
    Upfront Tax $1,176.04 8.8750% Capped

    Fee Information
    Description Amount Paid
    Doc Fee $75.00 Upfront
    Registration $280.00 Upfront
    Inspection $10.00 Upfront
    Tire Tax $12.50 Upfront

    .00018 MF and 56% residual

    Can't really calculate it, because you don't give the selling price or CAP cost.

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  • known_unknownknown_unknown Member Posts: 6
    I've reached out to three dealers and I keep getting the same monthly rate of $442 a month. No dealer will go below 7k off msrp for AWD PREMIUM W/NAVI :-\. When I ask them to quote me for just the base (with me paying first month/fee) they come back with $399. I feel like they're screwing with me lol.

    For instance, here is the latest deal:

    MSRP:$44,305
    CAP: $39,738
    Residual: 55%
    39 month lease
    10k miles/year
    $442.18/mo. (includes your 9% monthly usage tax for Chicago residents)
    $831.61 due @ signing (covers your first month payments and all fees)

    Can I do better? TIA!
  • MichaellMichaell Moderator Posts: 263,027

    I've reached out to three dealers and I keep getting the same monthly rate of $442 a month. No dealer will go below 7k off msrp for AWD PREMIUM W/NAVI :-\. When I ask them to quote me for just the base (with me paying first month/fee) they come back with $399. I feel like they're screwing with me lol.

    For instance, here is the latest deal:

    MSRP:$44,305
    CAP: $39,738
    Residual: 55%
    39 month lease
    10k miles/year
    $442.18/mo. (includes your 9% monthly usage tax for Chicago residents)
    $831.61 due @ signing (covers your first month payments and all fees)

    Can I do better? TIA!

    My calculations are within .02 of what you are being quoted. Only way to improve on this deal is to negotate a lower cap price.

    There may be a shortage of stock in the Chicago area, therefore the discounts aren't quite as great. You might try Milwaukee or Indianapolis to see if you can get more of a discount.

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  • ny311ny311 Member Posts: 10
    carnado said:

    I feel like I'm getting a pretty good deal but this is my first time leasing so I want to be sure. I am in NY and here are my numbers:

    $339 a month, 0 down, $1486.27 due at signing

    2015 INFINITI Q50 AWD Base

    Payment Details
    Term 39 months
    Base Payment $339.99
    Total Payment $339.99
    Purchase Option $23,780.80
    MSRP $41,930.00
    Est. Miles Per Year 10,000
    Disposition Fee $395.00
    Excess Mileage Charge 0.25


    Amount Due at Signing
    1st Month Payment $339.99
    Acquisition Fee $700.00
    Fees & Insurance $377.50
    Upfront Taxes $68.78
    Total Inception Fees $1,486.27


    Tax Information
    Customer State: New York
    Type Amount Rate Paid
    Cashdown Tax $68.78 8.8750% Upfront
    Upfront Tax $1,176.04 8.8750% Capped

    Fee Information
    Description Amount Paid
    Doc Fee $75.00 Upfront
    Registration $280.00 Upfront
    Inspection $10.00 Upfront
    Tire Tax $12.50 Upfront


    Could you please tell me what dealership this is? is the $339 inclusive of all taxes and fee monthly?
  • shogunzekshogunzek Member Posts: 6
    edited June 2015
    Would like to get thoughts on the following deal:

    2015 Q50 RWD w/Prem and Nav
    10k/36 months

    MSRP:42,945
    Net capitalized Cost: 33,653
    Residual Value 24,049
    MF: .00032

    $311 Monthly Payment (includes tax)

    2000 down (includes first month payment, tax, title, license, registration
  • kyfdxkyfdx Moderator Posts: 266,684
    shogunzek said:

    Would like to get thoughts on the following deal:

    2015 Q50 RWD w/Prem and Nav
    10k/36 months

    MSRP:42,945
    Net capitalized Cost: 33,653
    Residual Value 24,049
    MF: .00032

    $311 Monthly Payment (includes tax)

    2000 down (includes first month payment, tax, title, license, registration

    I get $285/mo.+tax.

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  • shogunzekshogunzek Member Posts: 6
    edited June 2015
    kyfdx said:

    shogunzek said:

    Would like to get thoughts on the following deal:

    2015 Q50 RWD w/Prem and Nav
    10k/36 months

    MSRP:42,945
    Net capitalized Cost: 33,653
    Residual Value 24,049
    MF: .00032

    $311 Monthly Payment (includes tax)

    2000 down (includes first month payment, tax, title, license, registration

    I get $285/mo.+tax.
    Yup. They have 285.25 before tax. Tax is 25. Good deal?
  • kyfdxkyfdx Moderator Posts: 266,684
    shogunzek said:



    kyfdx said:

    shogunzek said:

    Would like to get thoughts on the following deal:

    2015 Q50 RWD w/Prem and Nav
    10k/36 months

    MSRP:42,945
    Net capitalized Cost: 33,653
    Residual Value 24,049
    MF: .00032

    $311 Monthly Payment (includes tax)

    2000 down (includes first month payment, tax, title, license, registration

    I get $285/mo.+tax.
    Yup. They have 285.25 before tax. Tax is 25. Good deal?
    Looks good from here..

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  • full10full10 Member Posts: 4
    Just got this offer for
    2015 AWD Q50s with navigation package in Ohio. 39 mo/ 15k
    I have vpp discount code.
    MSRP $48840 ( i think)
    gross cap cost $42726
    RV $25396 (52%)
    MF .00038
    1600$ up front
    503$/ mo

    Any thoughts on offer or suggestions to negotiate it down. New to negotiating leases. Thanks
  • MichaellMichaell Moderator Posts: 263,027
    full10 said:

    Just got this offer for
    2015 AWD Q50s with navigation package in Ohio. 39 mo/ 15k
    I have vpp discount code.
    MSRP $48840 ( i think)
    gross cap cost $42726
    RV $25396 (52%)
    MF .00038
    1600$ up front
    503$/ mo

    Any thoughts on offer or suggestions to negotiate it down. New to negotiating leases. Thanks

    MF is marked up from .00018.

    I get $457/mo+tax with the base MF; $470/mo with inflated MF.

    What is the breakdown of the $1600 due at signing?

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  • full10full10 Member Posts: 4
    1600 breakdown includes 700$ acquistion fee, first mo payment of 503$, the rest is sales tax, documentation and liscense fee. 
    Who sets the MF? The dealer made it seem like it wasn't up to them or negotiable.
  • kyfdxkyfdx Moderator Posts: 266,684
    full10 said:

    1600 breakdown includes 700$ acquistion fee, first mo payment of 503$, the rest is sales tax, documentation and liscense fee. 
    Who sets the MF? The dealer made it seem like it wasn't up to them or negotiable.

    The leasing bank sets the base money factor. Dealers can mark that up for extra profit.

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  • ee506795ee506795 Member Posts: 5
    Hey guys I would like some help with my deal
    2015 infinity Q50 premium with nav 
    39 months/10k 
    MSRP 44,145
    Gross cap 33,500 
    RV 24,721
    MF .00225
    3,500 down 
    $345.06 month and they said $360 for 12k miles 
    I'm a first time buyer and credit score is 640 they're saying that's the best that they can do. They said that they had to call the bank for a favor in order for them to approve me


  • kyfdxkyfdx Moderator Posts: 266,684
    ee506795 said:

    Hey guys I would like some help with my deal
    2015 infinity Q50 premium with nav 
    39 months/10k 
    MSRP 44,145
    Gross cap 33,500 
    RV 24,721
    MF .00225
    3,500 down 
    $345.06 month and they said $360 for 12k miles 
    I'm a first time buyer and credit score is 640 they're saying that's the best that they can do. They said that they had to call the bank for a favor in order for them to approve me


    Yeah.. money factors get pretty high, as you go down the scale.. Either .00166 or .00222 at your level..

    I'd say shop another brand, and see if they pull a better score.. but, Infiniti has a great lease program, otherwise, so I doubt you'll do a lot better on payment.

    Either this, or lease a cheaper car..

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  • zhyder1212zhyder1212 Member Posts: 9
    I would love some help on a deal I'm evaluating in Socal:

    2015 Q50 RWD Premium (No Nav) - 12K miles

    MSRP: 41,545
    Selling: 33,967
    Down: $1,200 (first month + drive off)
    MF: 0.0032

    Monthly Payment: $339 (including tax)

  • kyfdxkyfdx Moderator Posts: 266,684

    I would love some help on a deal I'm evaluating in Socal:

    2015 Q50 RWD Premium (No Nav) - 12K miles

    MSRP: 41,545
    Selling: 33,967
    Down: $1,200 (first month + drive off)
    MF: 0.0032

    Monthly Payment: $339 (including tax)

    How many months?

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  • zhyder1212zhyder1212 Member Posts: 9
    kyfdx said:

    I would love some help on a deal I'm evaluating in Socal:

    2015 Q50 RWD Premium (No Nav) - 12K miles

    MSRP: 41,545
    Selling: 33,967
    Down: $1,200 (first month + drive off)
    MF: 0.0032

    Monthly Payment: $339 (including tax)

    How many months?
    39 months
  • kyfdxkyfdx Moderator Posts: 266,684

    kyfdx said:

    I would love some help on a deal I'm evaluating in Socal:

    2015 Q50 RWD Premium (No Nav) - 12K miles

    MSRP: 41,545
    Selling: 33,967
    Down: $1,200 (first month + drive off)
    MF: 0.0032

    Monthly Payment: $339 (including tax)

    How many months?
    39 months
    I get $314/mo. plus tax.... looks like a stellar deal.

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  • ny311ny311 Member Posts: 10
    Got a quote today from a dealer in NY for $399/mo with $2k down for 39 mo for a AWD/Premium. Can I do better? He wants me to stop by the dealership to get a better deal. Once, I am there, what should i ask and be careful of? Have never leased before.
  • MichaellMichaell Moderator Posts: 263,027
    ny311 said:

    Got a quote today from a dealer in NY for $399/mo with $2k down for 39 mo for a AWD/Premium. Can I do better? He wants me to stop by the dealership to get a better deal. Once, I am there, what should i ask and be careful of? Have never leased before.

    MSRP? Selling price? Break down of the $2K due at signing? Miles per year?

    All of the above are necessary to fully evaluate the offer you were made.

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  • ny311ny311 Member Posts: 10
    Michaell said:

    ny311 said:

    Got a quote today from a dealer in NY for $399/mo with $2k down for 39 mo for a AWD/Premium. Can I do better? He wants me to stop by the dealership to get a better deal. Once, I am there, what should i ask and be careful of? Have never leased before.

    MSRP? Selling price? Break down of the $2K due at signing? Miles per year?

    All of the above are necessary to fully evaluate the offer you were made.
    He didnt mention any of that in the quote. Wants me to stop by. Miles per year is 12k.
  • MichaellMichaell Moderator Posts: 263,027
    ny311 said:

    Michaell said:

    ny311 said:

    Got a quote today from a dealer in NY for $399/mo with $2k down for 39 mo for a AWD/Premium. Can I do better? He wants me to stop by the dealership to get a better deal. Once, I am there, what should i ask and be careful of? Have never leased before.

    MSRP? Selling price? Break down of the $2K due at signing? Miles per year?

    All of the above are necessary to fully evaluate the offer you were made.
    He didnt mention any of that in the quote. Wants me to stop by. Miles per year is 12k.
    The relevant lease numbers for the Q50 AWD Premium are .00018 and 54%. But, not knowing the MSRP or the selling price puts you at a disadvantage. I'd ask for that information before going to the dealership.

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  • ny311ny311 Member Posts: 10
    I emailed him and they just got back to me saying he quoated me with MSRP of 45k.
  • ny311ny311 Member Posts: 10
    What's a good percentage to start off the negotiations off of MSRP?
  • MichaellMichaell Moderator Posts: 263,027
    ny311 said:

    What's a good percentage to start off the negotiations off of MSRP?

    Use the pricing tools at the top of the page (make / model / year) to get pricing help. You can also read back through the last page or two of this discussion as well to see what others have been able to negotiate.

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  • fury63fury63 Member Posts: 31
    edited June 2015
    Is there a rule of thumb for how dealers handle mileage above 15k? Residual percentage reduction? Money factor increase? Adding a straight 10 cents per mile onto the lease payment?

    I'd appreciate any insight.
  • MichaellMichaell Moderator Posts: 263,027
    fury63 said:

    Is there a rule of thumb for how dealers handle mileage above 15k? Residual percentage reduction? Money factor increase? Adding a straight 10 cents per mile onto the lease payment?

    I'd appreciate any insight.

    Some manufacturers (Ford, for one) offers a straight residual modification. Most, however, deduct a fixed amount for each extra mile, but the charge varies between .10 and .25 per.

    So, if the charge is .10, and you want 18K per year instead of 15K on a 3 year lease, the extra 9000 miles will cost you $900, which is deducted from the residual amount based off the 15K residual percentage.

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  • ny311ny311 Member Posts: 10
    Michaell said:

    ny311 said:

    Got a quote today from a dealer in NY for $399/mo with $2k down for 39 mo for a AWD/Premium. Can I do better? He wants me to stop by the dealership to get a better deal. Once, I am there, what should i ask and be careful of? Have never leased before.

    MSRP? Selling price? Break down of the $2K due at signing? Miles per year?

    All of the above are necessary to fully evaluate the offer you were made.
    I got some #'s from dealer if you can further help me, I would appreciate it. Dealer came back with 1500 down and 340/mo for AWD Premium with 12k miles. He didnt mention msrp but residual is $22,248, cap about $300. The money factor is .000080 and the residual is 54%.
  • MichaellMichaell Moderator Posts: 263,027
    ny311 said:

    Michaell said:

    ny311 said:

    Got a quote today from a dealer in NY for $399/mo with $2k down for 39 mo for a AWD/Premium. Can I do better? He wants me to stop by the dealership to get a better deal. Once, I am there, what should i ask and be careful of? Have never leased before.

    MSRP? Selling price? Break down of the $2K due at signing? Miles per year?

    All of the above are necessary to fully evaluate the offer you were made.
    I got some #'s from dealer if you can further help me, I would appreciate it. Dealer came back with 1500 down and 340/mo for AWD Premium with 12k miles. He didnt mention msrp but residual is $22,248, cap about $300. The money factor is .000080 and the residual is 54%.
    Still need the selling price in order to figure out if this is a good deal. I confirm the MF and residual values, however.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

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

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