2015 Infiniti Q50 Lease Questions

99gx

Michaell said:

99gx said:

I decided to hold off on my lease, I think I went in rushing without looking at the overall picture, I know it was the end of the month and that it was the "best" time to lease according to the numbers they gave me, but after watching car commercials for the last 10-15 years its always the best time to lease,they always make you believe the deal is gone forever but in reality it never it is, they always have a deal coming, they will have memorial day deals and 4th of July events so I know there is never a rush to buy a car.... I walked away and will go back in the next month or 2, I know all about the $3000 infiniti incentives ending yesterday, but I also know the numbers they gave me 2 days ago at the end of March that I will be able to get those same numbers in the middle of April and beginning of May, I know the money factor changes and programs end and new ones begin, but I always know there is always a deal to be had.

Last deal I was offered was

Q50 Base
39/10k
Ill Kickplates
Splash guards
Sunroof
Weather mats

$700 out of pocket
$339 a month

Q50 with premium and NAV
39/10
$650 out of pocket
$385 a month

Always good to not rush into a major financial decision .. keep us posted on your shopping efforts.

Thanks....

I had another question for the board, maybe some professional lease gurus can help me out.... its just an example question about leasing...

When I was at the dealership they had the Q50 I wanted of course but I was confused by something maybe the board can help me out with, now it was simple math, I don't know the exact numbers but I can show you an example, so when I was looking at the Q50 I said quote me a Q50 with NAV and Premium, they did and when they found the car it had about a $1000 worth of extras in it, now my question is simple, Lets say the Q50 with premium with NAV and extra options in the car is $45,000 Im making this round number up, and the Lease is $650 down and 385 a month, I said can you locate me another Q50 without the $1000 worth of options meaning no illuminated kick plates etc...so that I can take off the $1000 and now make the car $44,000. Now how come reducing the price by $1000 and dividing it into 39 months does save me $25 a month? Where now that car should be $650 down and $360 a month instead of $385 a month...

Reason I ask is because he found one that was a bit less but the lease payments were only about a $2 difference, so how can you have a car with a $1000 worth of extras taken out only be $2 difference in the monthly payment?

IS it the way they structure the programs?

willyc1

Are the new rates out for April for a Q50 Premium for 36-39 months/ 15k? Thanks!

steevo

99gx said:

Michaell said:

99gx said:

I decided to hold off on my lease, I think I went in rushing without looking at the overall picture, I know it was the end of the month and that it was the "best" time to lease according to the numbers they gave me, but after watching car commercials for the last 10-15 years its always the best time to lease,they always make you believe the deal is gone forever but in reality it never it is, they always have a deal coming, they will have memorial day deals and 4th of July events so I know there is never a rush to buy a car.... I walked away and will go back in the next month or 2, I know all about the $3000 infiniti incentives ending yesterday, but I also know the numbers they gave me 2 days ago at the end of March that I will be able to get those same numbers in the middle of April and beginning of May, I know the money factor changes and programs end and new ones begin, but I always know there is always a deal to be had.

Last deal I was offered was

Q50 Base
39/10k
Ill Kickplates
Splash guards
Sunroof
Weather mats

$700 out of pocket
$339 a month

Q50 with premium and NAV
39/10
$650 out of pocket
$385 a month

Always good to not rush into a major financial decision .. keep us posted on your shopping efforts.

Thanks....

I had another question for the board, maybe some professional lease gurus can help me out.... its just an example question about leasing...

When I was at the dealership they had the Q50 I wanted of course but I was confused by something maybe the board can help me out with, now it was simple math, I don't know the exact numbers but I can show you an example, so when I was looking at the Q50 I said quote me a Q50 with NAV and Premium, they did and when they found the car it had about a $1000 worth of extras in it, now my question is simple, Lets say the Q50 with premium with NAV and extra options in the car is $45,000 Im making this round number up, and the Lease is $650 down and 385 a month, I said can you locate me another Q50 without the $1000 worth of options meaning no illuminated kick plates etc...so that I can take off the $1000 and now make the car $44,000. Now how come reducing the price by $1000 and dividing it into 39 months does save me $25 a month? Where now that car should be $650 down and $360 a month instead of $385 a month...

Reason I ask is because he found one that was a bit less but the lease payments were only about a $2 difference, so how can you have a car with a $1000 worth of extras taken out only be $2 difference in the monthly payment?

IS it the way they structure the programs?

My guess -- They probably just lowered the MSRP but left the rest of the numbers the same. So you got a slightly lower discount. For example, the "best" lease is when the MSRP is HIGH and the selling price(capitalized cost) is low. The bigger the spread the better. So they gave you a better deal on the car with the higher MSRP.

Michaell

willyc1 said:

Are the new rates out for April for a Q50 Premium for 36-39 months/ 15k? Thanks!

 RWD or AWD ?

jamesbond15

99gx said:

Michaell said:

99gx said:

I decided to hold off on my lease, I think I went in rushing without looking at the overall picture, I know it was the end of the month and that it was the "best" time to lease according to the numbers they gave me, but after watching car commercials for the last 10-15 years its always the best time to lease,they always make you believe the deal is gone forever but in reality it never it is, they always have a deal coming, they will have memorial day deals and 4th of July events so I know there is never a rush to buy a car.... I walked away and will go back in the next month or 2, I know all about the $3000 infiniti incentives ending yesterday, but I also know the numbers they gave me 2 days ago at the end of March that I will be able to get those same numbers in the middle of April and beginning of May, I know the money factor changes and programs end and new ones begin, but I always know there is always a deal to be had.

Last deal I was offered was

Q50 Base
39/10k
Ill Kickplates
Splash guards
Sunroof
Weather mats

$700 out of pocket
$339 a month

Q50 with premium and NAV
39/10
$650 out of pocket
$385 a month

Always good to not rush into a major financial decision .. keep us posted on your shopping efforts.

Thanks....

I had another question for the board, maybe some professional lease gurus can help me out.... its just an example question about leasing...

When I was at the dealership they had the Q50 I wanted of course but I was confused by something maybe the board can help me out with, now it was simple math, I don't know the exact numbers but I can show you an example, so when I was looking at the Q50 I said quote me a Q50 with NAV and Premium, they did and when they found the car it had about a $1000 worth of extras in it, now my question is simple, Lets say the Q50 with premium with NAV and extra options in the car is $45,000 Im making this round number up, and the Lease is $650 down and 385 a month, I said can you locate me another Q50 without the $1000 worth of options meaning no illuminated kick plates etc...so that I can take off the $1000 and now make the car $44,000. Now how come reducing the price by $1000 and dividing it into 39 months does save me $25 a month? Where now that car should be $650 down and $360 a month instead of $385 a month...

Reason I ask is because he found one that was a bit less but the lease payments were only about a $2 difference, so how can you have a car with a $1000 worth of extras taken out only be $2 difference in the monthly payment?

IS it the way they structure the programs?

They were just being slimy. The numbers should have gone down. They probably didn't want to do the extra work to get the car so they made the deal look less attractive (or they just wanted more profit).

I always do the math myself.
This calculator is really good. http://www.leaseguide.com/calc/
You punch in all the basics and get the monthly payment. Always double check their numbers.

sdwranglers1

Wanted to pass along my deal.
$387/month

2015 Q50 Premium AWD MSRP $45,830

• Nav Package

• All Weather Package

• Cargo Package

• Folding Rear Seat

• Illuminated Kick Plates

• Spare Tire Package

Deal included: • Payoff of three remaining lease payments ($1275)

• Prepaid 3 year maintenance plan ($1785)

• Zero down

Out the door paying only the first month's payment of $387.

I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

jamesbond15

sdwranglers1 said:

Wanted to pass along my deal.
$387/month

2015 Q50 Premium AWD MSRP $45,830

• Nav Package

• All Weather Package

• Cargo Package

• Folding Rear Seat

• Illuminated Kick Plates

• Spare Tire Package

Deal included: • Payoff of three remaining lease payments ($1275)

• Prepaid 3 year maintenance plan ($1785)

• Zero down

Out the door paying only the first month's payment of $387.

I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

That is an outstanding deal. Do you know how much was the sales price on the car?

sdwranglers1

jamesbond15 said:

sdwranglers1 said:

Wanted to pass along my deal.
$387/month

2015 Q50 Premium AWD MSRP $45,830

• Nav Package

• All Weather Package

• Cargo Package

• Folding Rear Seat

• Illuminated Kick Plates

• Spare Tire Package

Deal included: • Payoff of three remaining lease payments ($1275)

• Prepaid 3 year maintenance plan ($1785)

• Zero down

Out the door paying only the first month's payment of $387.

I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

That is an outstanding deal. Do you know how much was the sales price on the car?

Just looked at the contract, the sales price is $35,423.35. This is a 39 month 12,000/yr lease. Total Gross Cap Cost is $39,885.35.

jamesbond15

Just looked at the contract, the sales price is $35,423.35. This is a 39 month 12,000/yr lease. Total Gross Cap Cost is $39,885.35.

Wow, you got over $10k off MSRP. That is the best I have seen. I wonder if they received new incentives given that April just started.

sdwranglers1

jamesbond15 said:

Just looked at the contract, the sales price is $35,423.35. This is a 39 month 12,000/yr lease. Total Gross Cap Cost is $39,885.35.

Wow, you got over $10k off MSRP. That is the best I have seen. I wonder if they received new incentives given that April just started.


I signed the deal on March 31st.

99gx

sdwranglers1 said:

Wanted to pass along my deal.
$387/month

2015 Q50 Premium AWD MSRP $45,830

• Nav Package

• All Weather Package

• Cargo Package

• Folding Rear Seat

• Illuminated Kick Plates

• Spare Tire Package

Deal included: • Payoff of three remaining lease payments ($1275)

• Prepaid 3 year maintenance plan ($1785)

• Zero down

Out the door paying only the first month's payment of $387.

I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

So they paid off $1275 worth of lease payments, and in that $387 a month is the $1785 worth of prepaid Maintenance? ?

So if you back out the $1785 prepaid maintenance thats $1785/39 = $45
$387-$45 ....

so thats like paying $342 a month for a Q50 premium with nav and another $1000+ worth of extras,

All weather package $230

Cargo Package $200

Folding Rear Seat ???

Illuminated Kick Plates $440

Spare Tire Package

I couldn't even get the Q50 base out the door for less than $356 with no money out of pocket....

How did you get such a good deal??

The best deal I could get with the same car was no money down was about $400 a month and they weren't paying any Lease off and that was with 10,000 miles and no prepaid maintenance in that number either... Im glad I didn't make my decision yet, with that deal you made I could easily have faith that I could wait and get the Q50 Premium with Nav with no money down and $350 a month.

Do you have VPP?

How long did it take to make such a deal, days, hours, weeks?



I have to ask because some people on this forum are getting very good deals....

sdwranglers1

99gx said:

sdwranglers1 said:

Wanted to pass along
So they paid off $1275 worth of lease payments, and in that $387 a month is the $1785 worth of prepaid Maintenance? ?

So if you back out the $1785 prepaid maintenance thats $1785/39 = $45
$387-$45 ....

so thats like paying $342 a month for a Q50 premium with nav and another $1000+ worth of extras,

I couldn't even get the Q50 base out the door for less than $356 with no money out of pocket....

How did you get such a good deal??

The best deal I could get with the same car was no money down was about $400 a month and they weren't paying any Lease off and that was with 10,000 miles and no prepaid maintenance in that number either... Im glad I didn't make my decision yet, with that deal you made I could easily have faith that I could wait and get the Q50 Premium with Nav with no money down and $350 a month.

Do you have VPP?

How long did it take to make such a deal, days, hours, weeks?

I have to ask because some people on this forum are getting very good deals....

My apologies, I did forget to meniton I used VPP, so that was $750-1500 discount. So, if we go on the high end of $1500, we are looking at a sales price of $36,923 which we can argue would raise the lease payment to $425 a month, still a good deal with $0 down....I think.

I started working with the dealer on March 25th or 26th. All the negotiations were done through email. I never spoke to the sales person or sales manager until I went to pick up the car which they had to pull from another dealer's stock. I was at the dealer a little under 1.5 hours wrapping things up.

99gx

sdwranglers1 said:

jamesbond15 said:

sdwranglers1 said:

Wanted to pass along my deal.
$387/month

2015 Q50 Premium AWD MSRP $45,830

• Nav Package

• All Weather Package

• Cargo Package

• Folding Rear Seat

• Illuminated Kick Plates

• Spare Tire Package

Deal included: • Payoff of three remaining lease payments ($1275)

• Prepaid 3 year maintenance plan ($1785)

• Zero down

Out the door paying only the first month's payment of $387.

I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

That is an outstanding deal. Do you know how much was the sales price on the car?

Just looked at the contract, the sales price is $35,423.35. This is a 39 month 12,000/yr lease. Total Gross Cap Cost is $39,885.35.

Just looked at my quick contract they put together....I rounded the numbers...

the price was $45,800

They gave me $8,000 off

Selling price was $37,800

Taxes $3200
Fees $1000


Out the door price

$42,000

This was for a Q50 Premium with navigation 39/10k
Again no list of options as the options showed $0.00


Approx $400 a month no money down

I chose white so there was an additional $400 on top of that....
Plus in the state Im in the doc fees were approx $500 which is insane!

So that right there adds $900!!!!

My sale price before Taxes and "fees" was $37,800 so yours is approx $2375 LOWER and they paid off your 3 lease payments and included prepaid Maintenance in that price.

Im still baffled

sdwranglers1

I chose white so there was an additional $400 on top of that....

They charged you for white? I'v never heard of that.

99gx

sdwranglers1 said:

I chose white so there was an additional $400 on top of that....

They charged you for white? I'v never heard of that.


SO you even got white for an additional $400 on top of that deal??

what infinite dealership did you go to, what state?

Im in ny

99gx

sdwranglers1 said:

I chose white so there was an additional $400 on top of that....

They charged you for white? I'v never heard of that.


That additional price should be in your contract, did you look at every line itemized on that list of options?

White is the only color they charge for, $400 additional, its even on the website, all other colors are $0

pinklau325

Yes, they definitely charge for white as I want white too. I am so curious to hear where you got this car too. I went to 1 dealer in NJ and tried to negotiate over email with the other starting on the 27th and for the white I could not seal the deal. They were willing to give me other colors for what I was trying to negotiate but not white premium AWD with NAV and leather. I am hoping the incentives are alright for April as white is going quick. Unfortunately I don't have VPP even though I work for a bank. We scanned the list every which way but couldn't find mine.

Michaell

pinklau325 said:

Yes, they definitely charge for white as I want white too. I am so curious to hear where you got this car too. I went to 1 dealer in NJ and tried to negotiate over email with the other starting on the 27th and for the white I could not seal the deal. They were willing to give me other colors for what I was trying to negotiate but not white premium AWD with NAV and leather. I am hoping the incentives are alright for April as white is going quick. Unfortunately I don't have VPP even though I work for a bank. We scanned the list every which way but couldn't find mine.

April numbers are out ... Q50 AWD Premium is .00018 and 53% for 36/15.

skinnydealpls

Hi, new to the forum. Wondering what money factor and residual are on 2015 Q50s AWD 36mo/10k miles. Also if there is any benefit to paying for overage miles at the onset, rather than paying the .20 cents a mile at the end?

99gx

Michaell said:

pinklau325 said:

Yes, they definitely charge for white as I want white too. I am so curious to hear where you got this car too. I went to 1 dealer in NJ and tried to negotiate over email with the other starting on the 27th and for the white I could not seal the deal. They were willing to give me other colors for what I was trying to negotiate but not white premium AWD with NAV and leather. I am hoping the incentives are alright for April as white is going quick. Unfortunately I don't have VPP even though I work for a bank. We scanned the list every which way but couldn't find mine.

April numbers are out ... Q50 AWD Premium is .00018 and 53% for 36/15.

IS that a significant difference over March?

99gx

pinklau325 said:

Yes, they definitely charge for white as I want white too. I am so curious to hear where you got this car too. I went to 1 dealer in NJ and tried to negotiate over email with the other starting on the 27th and for the white I could not seal the deal. They were willing to give me other colors for what I was trying to negotiate but not white premium AWD with NAV and leather. I am hoping the incentives are alright for April as white is going quick. Unfortunately I don't have VPP even though I work for a bank. We scanned the list every which way but couldn't find mine.

Im close to NJ, didn't even bother to check out the dealerships there, only worked with NY and CT, as for sealing the deal over email, its not as easy as some have said, I tried to go back and forth with one dealership and after one email they didn't respond, as for white, I believe they are always available, they had no problem finding a white base, a white premium and a white premium with nav.

Im going to check out the dealerships in NJ and see what they have.

99gx

sdwranglers1 said:

99gx said:

sdwranglers1 said:

Wanted to pass along
So they paid off $1275 worth of lease payments, and in that $387 a month is the $1785 worth of prepaid Maintenance? ?

So if you back out the $1785 prepaid maintenance thats $1785/39 = $45
$387-$45 ....

so thats like paying $342 a month for a Q50 premium with nav and another $1000+ worth of extras,

I couldn't even get the Q50 base out the door for less than $356 with no money out of pocket....

How did you get such a good deal??

The best deal I could get with the same car was no money down was about $400 a month and they weren't paying any Lease off and that was with 10,000 miles and no prepaid maintenance in that number either... Im glad I didn't make my decision yet, with that deal you made I could easily have faith that I could wait and get the Q50 Premium with Nav with no money down and $350 a month.

Do you have VPP?

How long did it take to make such a deal, days, hours, weeks?

I have to ask because some people on this forum are getting very good deals....

My apologies, I did forget to meniton I used VPP, so that was $750-1500 discount. So, if we go on the high end of $1500, we are looking at a sales price of $36,923 which we can argue would raise the lease payment to $425 a month, still a good deal with $0 down....I think.

I started working with the dealer on March 25th or 26th. All the negotiations were done through email. I never spoke to the sales person or sales manager until I went to pick up the car which they had to pull from another dealer's stock. I was at the dealer a little under 1.5 hours wrapping things up.

SO the sales price is still about $800-$900 cheaper, however the Doc fees are $500 in CT which is crazy....the best deal I could find with 0 down was about $398 however you have 3 years of maintenance in that plan and I didn't along with 12k miles, mine was for 10k.
Im going to try and stick with making the deal over email its just that most want to work with you face to face so you can test drive the vehicle etc...I didn't care to test drive it, I know this might sound crazy but I bought my last car without test driving it, if I like the way the car looks Im sold 95% of the time, I could get comfortable with any car since Im pretty much average height and build.....

jkipster

99gx said:

Michaell said:

99gx said:

I decided to hold off on my lease, I think I went in rushing without looking at the overall picture, I know it was the end of the month and that it was the "best" time to lease according to the numbers they gave me, but after watching car commercials for the last 10-15 years its always the best time to lease,they always make you believe the deal is gone forever but in reality it never it is, they always have a deal coming, they will have memorial day deals and 4th of July events so I know there is never a rush to buy a car.... I walked away and will go back in the next month or 2, I know all about the $3000 infiniti incentives ending yesterday, but I also know the numbers they gave me 2 days ago at the end of March that I will be able to get those same numbers in the middle of April and beginning of May, I know the money factor changes and programs end and new ones begin, but I always know there is always a deal to be had.

Last deal I was offered was

Q50 Base
39/10k
Ill Kickplates
Splash guards
Sunroof
Weather mats

$700 out of pocket
$339 a month

Q50 with premium and NAV
39/10
$650 out of pocket
$385 a month

Always good to not rush into a major financial decision .. keep us posted on your shopping efforts.

Thanks....

I had another question for the board, maybe some professional lease gurus can help me out.... its just an example question about leasing...

When I was at the dealership they had the Q50 I wanted of course but I was confused by something maybe the board can help me out with, now it was simple math, I don't know the exact numbers but I can show you an example, so when I was looking at the Q50 I said quote me a Q50 with NAV and Premium, they did and when they found the car it had about a $1000 worth of extras in it, now my question is simple, Lets say the Q50 with premium with NAV and extra options in the car is $45,000 Im making this round number up, and the Lease is $650 down and 385 a month, I said can you locate me another Q50 without the $1000 worth of options meaning no illuminated kick plates etc...so that I can take off the $1000 and now make the car $44,000. Now how come reducing the price by $1000 and dividing it into 39 months does save me $25 a month? Where now that car should be $650 down and $360 a month instead of $385 a month...

Reason I ask is because he found one that was a bit less but the lease payments were only about a $2 difference, so how can you have a car with a $1000 worth of extras taken out only be $2 difference in the monthly payment?

IS it the way they structure the programs?

I wouldn't assume that they were being shady on the quote without accessories.

You would just need to know the selling price of the other car to figure it out. It is simple math.

The largest part of the monthly lease payment is the depreciation, which is simply the (Net Cap Cost - Residual Value)/Number of months. In your example on a 39/10K lease, and all else being equal except for the $1,000 MSRP difference, the two cars would have a difference in residual values of $560. But what are the selling prices?

Here is the simplified calculation, assuming 56% residual and 0.00012 money factor and no tax (an all else being equal except MSRP) would yield these numbers that you were quoted:

Car A MSRP $45,000 Residual Value $25,200
Net Cap Cost $39,910
$385 monthly payment

Car B MSRP $44,000 Residual Value $24,640
Net Cap Cost $39,278
$383 monthly payment

Doesn't seem too shady right? How good a deal you get depends largely on the selling price that is negotiated into the net cap cost...

jamesbond15

jkipster said:

99gx said:

Michaell said:

99gx said:

I decided to hold off on my lease, I think I went in rushing without looking at the overall picture, I know it was the end of the month and that it was the "best" time to lease according to the numbers they gave me, but after watching car commercials for the last 10-15 years its always the best time to lease,they always make you believe the deal is gone forever but in reality it never it is, they always have a deal coming, they will have memorial day deals and 4th of July events so I know there is never a rush to buy a car.... I walked away and will go back in the next month or 2, I know all about the $3000 infiniti incentives ending yesterday, but I also know the numbers they gave me 2 days ago at the end of March that I will be able to get those same numbers in the middle of April and beginning of May, I know the money factor changes and programs end and new ones begin, but I always know there is always a deal to be had.

Last deal I was offered was

Q50 Base
39/10k
Ill Kickplates
Splash guards
Sunroof
Weather mats

$700 out of pocket
$339 a month

Q50 with premium and NAV
39/10
$650 out of pocket
$385 a month

Always good to not rush into a major financial decision .. keep us posted on your shopping efforts.

Thanks....

I had another question for the board, maybe some professional lease gurus can help me out.... its just an example question about leasing...

When I was at the dealership they had the Q50 I wanted of course but I was confused by something maybe the board can help me out with, now it was simple math, I don't know the exact numbers but I can show you an example, so when I was looking at the Q50 I said quote me a Q50 with NAV and Premium, they did and when they found the car it had about a $1000 worth of extras in it, now my question is simple, Lets say the Q50 with premium with NAV and extra options in the car is $45,000 Im making this round number up, and the Lease is $650 down and 385 a month, I said can you locate me another Q50 without the $1000 worth of options meaning no illuminated kick plates etc...so that I can take off the $1000 and now make the car $44,000. Now how come reducing the price by $1000 and dividing it into 39 months does save me $25 a month? Where now that car should be $650 down and $360 a month instead of $385 a month...

Reason I ask is because he found one that was a bit less but the lease payments were only about a $2 difference, so how can you have a car with a $1000 worth of extras taken out only be $2 difference in the monthly payment?

IS it the way they structure the programs?

I wouldn't assume that they were being shady on the quote without accessories.

You would just need to know the selling price of the other car to figure it out. It is simple math.

The largest part of the monthly lease payment is the depreciation, which is simply the (Net Cap Cost - Residual Value)/Number of months. In your example on a 39/10K lease, and all else being equal except for the $1,000 MSRP difference, the two cars would have a difference in residual values of $560. But what are the selling prices?

Here is the simplified calculation, assuming 56% residual and 0.00012 money factor and no tax (an all else being equal except MSRP) would yield these numbers that you were quoted:

Car A MSRP $45,000 Residual Value $25,200
Net Cap Cost $39,910
$385 monthly payment

Car B MSRP $44,000 Residual Value $24,640
Net Cap Cost $39,278
$383 monthly payment

Doesn't seem too shady right? How good a deal you get depends largely on the selling price that is negotiated into the net cap cost...

I am a little confused by your numbers. If the MSRP goes down by $1k and the same discount is applied (meaning the sales price decreased by $1k) and everything else stays the same then your payment will decrease by like $25.

Using this calculator:
http://www.leaseguide.com/calc/

Car 1: MSRP $45k, sales price $37k ($8k off), residual 56%, MF 0.00012, 39 months, tax 0 = $310 per month
Car 2: MSRP $44k, sales price $36k (still $8k off), residual 56%, MF 0.00012, 39 months, tax 0 = $284 per month

The only way you are getting a $2 reduction in monthly payment is if you lower the MSRP however don't change the sales price (now the discount is only $7k)
Car 3: MSRP $44k, sales price $37k ($7k off), residual 56%, MF 0.00012, 39 months, tax 0 = $310 per month

jamesbond15

99gx said:

sdwranglers1 said:

99gx said:

sdwranglers1 said:

Wanted to pass along
So they paid off $1275 worth of lease payments, and in that $387 a month is the $1785 worth of prepaid Maintenance? ?

So if you back out the $1785 prepaid maintenance thats $1785/39 = $45
$387-$45 ....

so thats like paying $342 a month for a Q50 premium with nav and another $1000+ worth of extras,

I couldn't even get the Q50 base out the door for less than $356 with no money out of pocket....

How did you get such a good deal??

The best deal I could get with the same car was no money down was about $400 a month and they weren't paying any Lease off and that was with 10,000 miles and no prepaid maintenance in that number either... Im glad I didn't make my decision yet, with that deal you made I could easily have faith that I could wait and get the Q50 Premium with Nav with no money down and $350 a month.

Do you have VPP?

How long did it take to make such a deal, days, hours, weeks?

I have to ask because some people on this forum are getting very good deals....

My apologies, I did forget to meniton I used VPP, so that was $750-1500 discount. So, if we go on the high end of $1500, we are looking at a sales price of $36,923 which we can argue would raise the lease payment to $425 a month, still a good deal with $0 down....I think.

I started working with the dealer on March 25th or 26th. All the negotiations were done through email. I never spoke to the sales person or sales manager until I went to pick up the car which they had to pull from another dealer's stock. I was at the dealer a little under 1.5 hours wrapping things up.

SO the sales price is still about $800-$900 cheaper, however the Doc fees are $500 in CT which is crazy....the best deal I could find with 0 down was about $398 however you have 3 years of maintenance in that plan and I didn't along with 12k miles, mine was for 10k.
Im going to try and stick with making the deal over email its just that most want to work with you face to face so you can test drive the vehicle etc...I didn't care to test drive it, I know this might sound crazy but I bought my last car without test driving it, if I like the way the car looks Im sold 95% of the time, I could get comfortable with any car since Im pretty much average height and build.....

Don't fall for their "face to face" negotiation. Only go to the dealership once all the numbers are figured out. You lose your advantage if you go down and you waste a ton of time.

Michaell

skinnydealpls said:

Hi, new to the forum. Wondering what money factor and residual are on 2015 Q50s AWD 36mo/10k miles. Also if there is any benefit to paying for overage miles at the onset, rather than paying the .20 cents a mile at the end?

.00018 and 56%.

If you want 12K miles, subtract 1%; for 15K miles, subtract 3%. If the MSRP is, say $49,000, 3% is $1470. If you pay .20 per miles for the 15,000 extra miles you drive over 3 years, that will cost you $3000.

And, the $1470 is spread out over the 36 payments, whereas you'll have to come up with the $3K all at once.

sdwranglers1

I don't think I'm allowed to state the name of the dealer I got the deal from but I can tell you that it is in VA and extremely close to Dulles International Airport.

jkipster

jamesbond15 said:

I decided to hold off on my lease, I think I went in rushing without looking at the overall picture, I know it was the end of the month and that it was the "best" time to lease according to the numbers they gave me, but after watching car commercials for the last 10-15 years its always the best time to lease,they always make you believe the deal is gone forever but in reality it never it is, they always have a deal coming, they will have memorial day deals and 4th of July events so I know there is never a rush to buy a car.... I walked away and will go back in the next month or 2, I know all about the $3000 infiniti incentives ending yesterday, but I also know the numbers they gave me 2 days ago at the end of March that I will be able to get those same numbers in the middle of April and beginning of May, I know the money factor changes and programs end and new ones begin, but I always know there is always a deal to be had. Last deal I was offered was Q50 Base 39/10k Ill Kickplates Splash guards Sunroof Weather mats $700 out of pocket $339 a month Q50 with premium and NAV 39/10 $650 out of pocket $385 a month

Always good to not rush into a major financial decision .. keep us posted on your shopping efforts.

Thanks.... I had another question for the board, maybe some professional lease gurus can help me out.... its just an example question about leasing... When I was at the dealership they had the Q50 I wanted of course but I was confused by something maybe the board can help me out with, now it was simple math, I don't know the exact numbers but I can show you an example, so when I was looking at the Q50 I said quote me a Q50 with NAV and Premium, they did and when they found the car it had about a $1000 worth of extras in it, now my question is simple, Lets say the Q50 with premium with NAV and extra options in the car is $45,000 Im making this round number up, and the Lease is $650 down and 385 a month, I said can you locate me another Q50 without the $1000 worth of options meaning no illuminated kick plates etc...so that I can take off the $1000 and now make the car $44,000. Now how come reducing the price by $1000 and dividing it into 39 months does save me $25 a month? Where now that car should be $650 down and $360 a month instead of $385 a month... Reason I ask is because he found one that was a bit less but the lease payments were only about a $2 difference, so how can you have a car with a $1000 worth of extras taken out only be $2 difference in the monthly payment? IS it the way they structure the programs?

I wouldn't assume that they were being shady on the quote without accessories. You would just need to know the selling price of the other car to figure it out. It is simple math. The largest part of the monthly lease payment is the depreciation, which is simply the (Net Cap Cost - Residual Value)/Number of months. In your example on a 39/10K lease, and all else being equal except for the $1,000 MSRP difference, the two cars would have a difference in residual values of $560. But what are the selling prices? Here is the simplified calculation, assuming 56% residual and 0.00012 money factor and no tax (an all else being equal except MSRP) would yield these numbers that you were quoted: Car A MSRP $45,000 Residual Value $25,200 Net Cap Cost $39,910 $385 monthly payment Car B MSRP $44,000 Residual Value $24,640 Net Cap Cost $39,278 $383 monthly payment Doesn't seem too shady right? How good a deal you get depends largely on the selling price that is negotiated into the net cap cost...

I am a little confused by your numbers. If the MSRP goes down by $1k and the same discount is applied (meaning the sales price decreased by $1k) and everything else stays the same then your payment will decrease by like $25. Using this calculator: http://www.leaseguide.com/calc/ Car 1: MSRP $45k, sales price $37k ($8k off), residual 56%, MF 0.00012, 39 months, tax 0 = $310 per month Car 2: MSRP $44k, sales price $36k (still $8k off), residual 56%, MF 0.00012, 39 months, tax 0 = $284 per month The only way you are getting a $2 reduction in monthly payment is if you lower the MSRP however don't change the sales price (now the discount is only $7k) Car 3: MSRP $44k, sales price $37k ($7k off), residual 56%, MF 0.00012, 39 months, tax 0 = $310 per month

My point was to show that a $1K decrease in the MSRP along with a $632 decrease in the net cap cost would result in a $2 reduction in the monthly payment in the grossly simplified calculation. OP didn't provide much specifics in his lease quote, so I was showing that the selling price of the second car was likely NOT also reduced by $1K, but rather less than that.

Michaell

sdwranglers1 said:

I don't think I'm allowed to state the name of the dealer I got the deal from but I can tell you that it is in VA and extremely close to Dulles International Airport.

You can let us know both the name of the dealer and the name of the salesperson who helped you - just no contact information (phone or email)

pinklau325

So not sure what to do. The car I wanted they sold last month and the women returned it. Her husband didn't like the color so they finally will meet my deal but I don't know if the April numbers are better and they are giving me March.

2015 Q50 AWD Premium
Leather
NAV
Spare tire

39 months/10k
MSRP $45,705
Cap Cost $37,788.48
Net Cap $37,915.99
Residual $25,137.75

I wanted to pay taxes and fees upfront. They also are paying my last month on current lease.
$2500 due at signing
$339/month

I thought it was a good deal and I had given a deposit before and then the car was gone so I don't really think anything can change now. What do you think?

Michaell

pinklau325 said:

So not sure what to do. The car I wanted they sold last month and the women returned it. Her husband didn't like the color so they finally will meet my deal but I don't know if the April numbers are better and they are giving me March.

2015 Q50 AWD Premium
Leather
NAV
Spare tire

39 months/10k
MSRP $45,705
Cap Cost $37,788.48
Net Cap $37,915.99
Residual $25,137.75

I wanted to pay taxes and fees upfront. They also are paying my last month on current lease.
$2500 due at signing
$339/month

I thought it was a good deal and I had given a deposit before and then the car was gone so I don't really think anything can change now. What do you think?

55% and .00018 for April. With your MSRP and net cap, I get a pre-tax payment of $339/mo, spot on with your dealer quote.

However, if any of that $2500 due at signing is for cap cost reduction, the payment should be lower.

pinklau325

I see a cap rate reduction of $788.57. Can you explain what that means and what I can do about it? Thanks!!!

Michaell

pinklau325 said:

I see a cap rate reduction of $788.57. Can you explain what that means and what I can do about it? Thanks!!!

That is a down payment ... over 39 months, that equates to about $20/mo. Your payment should be $319mo

willyc1

Michaell said:

willyc1 said:

Are the new rates out for April for a Q50 Premium for 36-39 months/ 15k? Thanks!

 RWD or AWD ?

RWD please!

kyfdx

willyc1 said:

Michaell said:

willyc1 said:

Are the new rates out for April for a Q50 Premium for 36-39 months/ 15k? Thanks!

 RWD or AWD ?

RWD please!


.00032 MF and 53%/52% residual

circlew

Made my deal yesterday. Here is the offer. I put $2,000 down and agreed to $405/month. I used the lease calculator that JB15 posted from LeaseGuide. I noticed the MSRP was about $2K lower than my first offer in March and money factor was higher. My final price was $12/mo. lower than the first offer last month from same dealer in central NJ.

Q50S AWD/Nav.
MSRP $48,830
Liquid Platinum/Stone interior

39 month lease with 12,000 miles per year
MSRP $48,830
Sale Price $41,110
Money Factor .00018
Residual 54%

$459 per month sign and drive

The fees we are rolling into the payment are as follows:
$459 first month's payment
Documentation Fee- $299
NJ tax on Doc fee- $20.93
Lease Bank Fee- $700
NJ tax on Bank Fee-$49
NJ tire tax- $7.50
NJ Motor Vehicle fee-$425
NJ tax on lease $1,162.98

Not too painful after all.

sdwranglers1

Michaell said:

sdwranglers1 said:

I don't think I'm allowed to state the name of the dealer I got the deal from but I can tell you that it is in VA and extremely close to Dulles International Airport.

You can let us know both the name of the dealer and the name of the salesperson who helped you - just no contact information (phone or email)

In that case, Isaiah Townsend (Sales Staff) and George Khalil (General Sales Manager) from Infiniti of Chantilly in Chantilly, VA.

jamesbond15

0

circlew said:

Made my deal yesterday. Here is the offer. I put $2,000 down and agreed to $405/month. I used the lease calculator that JB15 posted from LeaseGuide. I noticed the MSRP was about $2K lower than my first offer in March and money factor was higher. My final price was $12/mo. lower than the first offer last month from same dealer in central NJ.

Q50S AWD/Nav.
MSRP $48,830
Liquid Platinum/Stone interior

39 month lease with 12,000 miles per year
MSRP $48,830
Sale Price $41,110
Money Factor .00018
Residual 54%

$459 per month sign and drive

The fees we are rolling into the payment are as follows:
$459 first month's payment
Documentation Fee- $299
NJ tax on Doc fee- $20.93
Lease Bank Fee- $700
NJ tax on Bank Fee-$49
NJ tire tax- $7.50
NJ Motor Vehicle fee-$425
NJ tax on lease $1,162.98

Not too painful after all.

Congrats on the new car!! Enjoy!

circlew

Thanks to everyone for their postings and help on this board! I take delivery Wednesday.

99gx

jamesbond15 said:

0

circlew said:

Made my deal yesterday. Here is the offer. I put $2,000 down and agreed to $405/month. I used the lease calculator that JB15 posted from LeaseGuide. I noticed the MSRP was about $2K lower than my first offer in March and money factor was higher. My final price was $12/mo. lower than the first offer last month from same dealer in central NJ.

Q50S AWD/Nav.
MSRP $48,830
Liquid Platinum/Stone interior

39 month lease with 12,000 miles per year
MSRP $48,830
Sale Price $41,110
Money Factor .00018
Residual 54%

$459 per month sign and drive

The fees we are rolling into the payment are as follows:
$459 first month's payment
Documentation Fee- $299
NJ tax on Doc fee- $20.93
Lease Bank Fee- $700
NJ tax on Bank Fee-$49
NJ tire tax- $7.50
NJ Motor Vehicle fee-$425
NJ tax on lease $1,162.98

Not too painful after all.

Congrats on the new car!! Enjoy!

What was your tax rate?
$1162 is low...

The taxes I got in my quote were $3200 at 8.25%....

Im in NY....
And that was on a selling price of
$38,000

steevo

99gx... In NY and NJ you pay tax on the payments not the full sale price of the car.

Michaell

steevo said:

99gx... In NY and NJ you pay tax on the payments not the full sale price of the car.

Correct, but both states calculate and collect the tax up front. The tax amount you cite is too high, however. Make sure the dealer isn't calculating sales tax for a sale, not a lease.

mike31904

Can you tell me the residual and mf for a Hybrid Premium AWD 10K and 12K? Are they different than the regular Premium AWD?

Michaell

mike31904 said:

Can you tell me the residual and mf for a Hybrid Premium AWD 10K and 12K? Are they different than the regular Premium AWD?

Premium AWD - 55% and .00018 for 36/12

Hybrid Premium AWD - 56% and .00023 for 36/12

Add 1% for 10K

kyfdx

mike31904 said:

Can you tell me the residual and mf for a Hybrid Premium AWD 10K and 12K? Are they different than the regular Premium AWD?

.00023 MF and 54%/53% residual for 39 months..

Yes, they are different

njtony37x

April numbers for 39-Month/10K lease in NJ Please

Premium AWD:
Sport AWD:
Hybrid Premium AWD:
Hybrid Sport AWD:

Thanks Again!

Michaell

njtony37x said:

April numbers for 39-Month/10K lease in NJ Please

Premium AWD:
Sport AWD:
Hybrid Premium AWD:
Hybrid Sport AWD:

Thanks Again!

Premium / Sport AWD: .00018 and 55%
Hybrid Premium AWD: .00023 and 56%
Hybrid Sport AWD: .00023 and 54%

yookentcme

jamesbond15 said:

Wanted to pass along my deal. $387/month 2015 Q50 Premium AWD MSRP $45,830 • Nav Package • All Weather Package • Cargo Package • Folding Rear Seat • Illuminated Kick Plates • Spare Tire Package Deal included: • Payoff of three remaining lease payments ($1275) • Prepaid 3 year maintenance plan ($1785) • Zero down Out the door paying only the first month's payment of $387. I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

That is an outstanding deal. Do you know how much was the sales price on the car?

Thats a sick deal. Does that have tax rolled in in monthly pmt?

99gx

Michaell said:

99gx... In NY and NJ you pay tax on the payments not the full sale price of the car.

Correct, but both states calculate and collect the tax up front. The tax amount you cite is too high, however. Make sure the dealer isn't calculating sales tax for a sale, not a lease.

He knew it was a lease that's why I was surprised to see $3200 on the sheet he printed out for me... overall though it was About $356 a month zero down for the base 39/10k included illuminated kick plates .. sunroof... all weather mats and splash guards The q50 premium with navigation 39/10k was zero out of pocket and about $400 a month I did a lot of reading on these forums and it seems those numbers were pretty much in line ...but I could be wrong. Maybe I could do better...

99gx

yookentcme said:

jamesbond15 said:

Wanted to pass along my deal. $387/month 2015 Q50 Premium AWD MSRP $45,830 • Nav Package • All Weather Package • Cargo Package • Folding Rear Seat • Illuminated Kick Plates • Spare Tire Package Deal included: • Payoff of three remaining lease payments ($1275) • Prepaid 3 year maintenance plan ($1785) • Zero down Out the door paying only the first month's payment of $387. I didn't realize I was prepaying the maintenance plan until I was in finance, so I could have shaved more $$ off the monthly payment. Overall, though, I am happy with the deal and of course, the car.

That is an outstanding deal. Do you know how much was the sales price on the car?

Thats a sick deal. Does that have tax rolled in in monthly pmt?

I said the same thing. Especially since it included the prepaid maintenance at that monthly price and paying off the last lease. That deal is impossible to touch unless you have VPP and loyalty together.