2015 Infiniti QX60 Lease Questions

kyfdx

jjp99 said:

I have the following lease deal and was hoping you could tell me if it looks good.

Infiniti QX60 Premium and Premium Plus Package

MSRP = $50555
39 months
12K miles/year
Fees = $624.16 plus DMV
No additional down payment
NY state tax = 8.875%
Money Factor = .00121
Residual = 61%
$531/month

Thanks.

You don't give a selling price..

So.. what is the amount due at signing?
Does the $531/mo. include tax?

jjp99

The selling price is $44,009. 

The amount due at signing is $625 which includes tax, government fees, document fees, and first month payment.  It does not include DMV fees. I am not sure if the monthly payment includes taxes. It does not appear so based on the amount due at signing. I will ask dealer. Thanks. 

jjp99

The monthly payment does indeed include taxes. Thanks.

kyfdx

jjp99 said:

The monthly payment does indeed include taxes. Thanks.

To get to $531/mo. requires a CAP cost of about $47,850..

That's $3800 or so, over your selling price..
$700 acquisition fee, $1700 tax?.. That leaves another $1400 to account for..

Not a bad payment, but I'd want to know the CAP cost and get an itemization of what's included.

jjp99

Thanks for pushing for specifics - very helpful. You are correct, selling price is higher. Here is all the info I have from dealer as of this morning. Please let me know if there is anything missing and/or if you think it looks like a good deal. 

MSRP is $51,225
Acquisition fee is $700
Down payment is $625.10 plus DMV
Net Cap Cost is $48190.90
39 months
12K per year
Sales tax is 8.875 percent
Residual is 61 percent
Money factor is .00121
Document Fee is $75.00
NY tire fee is $12.75
Monthly payment is $530.95 plus DMV (includes $96.14 monthly finance charge)

mkiv94tt

I just got a quote for a Qx60 with Premium and premium plus with theater. Sale price 48984. All in 2500 with 550 monthly. The down only includes my first month and all dealer fees etc. seems very high to me. My tax rate is 6%. 

Thanks. 

Michaell

mkiv94tt said:

I just got a quote for a Qx60 with Premium and premium plus with theater. Sale price 48984. All in 2500 with 550 monthly. The down only includes my first month and all dealer fees etc. seems very high to me. My tax rate is 6%. 

Thanks. 

What is the MSRP?

AWD or FWD?

Michaell

jjp99 said:

Thanks for pushing for specifics - very helpful. You are correct, selling price is higher. Here is all the info I have from dealer as of this morning. Please let me know if there is anything missing and/or if you think it looks like a good deal. 

MSRP is $51,225
Acquisition fee is $700
Down payment is $625.10 plus DMV
Net Cap Cost is $48190.90
39 months
12K per year
Sales tax is 8.875 percent
Residual is 61 percent
Money factor is .00121
Document Fee is $75.00
NY tire fee is $12.75
Monthly payment is $530.95 plus DMV (includes $96.14 monthly finance charge)

I'm getting $530.58 with your numbers, so pretty close. I assume the net cap cost includes the NY sales tax and all other fees.

mkiv94tt

MSRP is $51,525 and it's for an FWD in FL.

Rogerio777

Hello folks...
I am just checking my deal here...
MSRP 49825.00
599.00 plus tax
12K miles year
1200.00 out of pocket
QX60 Premium with premium plus and hitch
This would be my 10th Infiniti deal...
Please chime in...

Michaell

Michaell said:

mkiv94tt said:

I just got a quote for a Qx60 with Premium and premium plus with theater. Sale price 48984. All in 2500 with 550 monthly. The down only includes my first month and all dealer fees etc. seems very high to me. My tax rate is 6%. 

Thanks. 

What is the MSRP?

AWD or FWD?

mkiv94tt said:

MSRP is $51,525 and it's for an FWD in FL.

.00121 and 59% for 36 or 39 months and 15K miles per year.

I'm getting $572.57/mo pre-tax with $0 down using your numbers for 39 months.

Ask for a full breakdown of the $2500 .. there might be some cap cost reduction in there if your quote is $550/mo.

Michaell

Rogerio777 said:

Hello folks...
I am just checking my deal here...
MSRP 49825.00
599.00 plus tax
12K miles year
1200.00 out of pocket
QX60 Premium with premium plus and hitch
This would be my 10th Infiniti deal...
Please chime in...

AWD? FWD? Lease term? Net Cap Cost?

Hard to evaluate without this information.

mkiv94tt

I left out that it is 10k miles a year. 

mkiv94tt

Doc fee = $895
sales tax 6%
1st month  $580.03
acquisition fee 700
lic fee. $295
govt fee $66.50
total drive off $2632.22

Michaell

mkiv94tt said:

Doc fee = $895
sales tax 6%
1st month  $580.03
acquisition fee 700
lic fee. $295
govt fee $66.50
total drive off $2632.22

Wow - $900 doc fee. I think that's the highest I've seen.

10K miles per year increases the residual by 3% - payment before tax drops to $534.81.

Rogerio777

Sorry... very new to this...
FWD
39 Months
12 Miles per year
Not sure of cap cost...
Sorry

Rogerio777

12K

mkiv94tt

This is my first time leasing and when i saw that $2k + 1st payment, I thought to myself that it seemed excessive. Basically $2000 goes to the dealer to divide up. 

Michaell

Rogerio777 said:

Sorry... very new to this...
FWD
39 Months
12 Miles per year
Not sure of cap cost...
Sorry

The dealer should be able to provide you with the cap cost if you ask them.

Michaell

mkiv94tt said:

This is my first time leasing and when i saw that $2k + 1st payment, I thought to myself that it seemed excessive. Basically $2000 goes to the dealer to divide up. 

Some of it can't be avoided - first payment and bank fee, for starters. You can try to mitigate the $900 dealer fee by offering a lower selling price.

mkiv94tt

ok, so apparently another dealer beat this deal and offered me on the same car the following:
$1,000 down (includes 1st month and inceptions)
monthly will be $525+6% tax.

Basically a 2015 QX60 with
Premium + Premium Plus + Theater Package
MSRP $51,525
Sale Price $47,050

So far this has been the best deal and all of the other dealers say that's a very aggressive pricing and are having a tough time beating it.

Michaell

mkiv94tt said:

ok, so apparently another dealer beat this deal and offered me on the same car the following:
$1,000 down (includes 1st month and inceptions)
monthly will be $525+6% tax.

Basically a 2015 QX60 with
Premium + Premium Plus + Theater Package
MSRP $51,525
Sale Price $47,050

So far this has been the best deal and all of the other dealers say that's a very aggressive pricing and are having a tough time beating it.

Seems like a good deal ... but, ask the dealer what the net cap cost is. If you are only coming up with $1000 at lease inception, some of the cost of the fees will be added to the sale price.

mkiv94tt

What do you mean the cost of the fees will be added to the sale price?  Do you mean the purchase price of the car at the end of the lease?  

Michaell

mkiv94tt said:

What do you mean the cost of the fees will be added to the sale price?  Do you mean the purchase price of the car at the end of the lease?  

No, I mean the negotiated selling price at the beginning of the lease - if you don't cover all the up front costs out of pocket, they can be added to that price.

Rogerio777

Hello
CAP cost is 47380.00

Michaell

Rogerio777 said:

Hello
CAP cost is 47380.00

With an MSRP of $49,825, cap cost of $47,380, 39/12 residual of 59% and .00105 MF, I get a pre-tax payment of $541.72/mo.

Rogerio777

Thank you... much appreciated.

gabelifs

Ended up putting only first month payment down $457 and $4500 in MSD. Thaks again for all your advice

g8orgrant

Does anyone know if there's a minimum money factor threshold for customers to be able to use MSD's? In other words, right now the base money factor is .00121, which equates to just under 3%. Can MSD's be used in all cases, so long as the MF after you apply them is .00001 or greater? Or is there a case where the base MF may be below a threshold and they won't allow you to buy the rate down? I do know there's a limit of 9 MSD's.

Michaell

g8orgrant said:

Does anyone know if there's a minimum money factor threshold for customers to be able to use MSD's? In other words, right now the base money factor is .00121, which equates to just under 3%. Can MSD's be used in all cases, so long as the MF after you apply them is .00001 or greater? Or is there a case where the base MF may be below a threshold and they won't allow you to buy the rate down? I do know there's a limit of 9 MSD's.

I believe the first statement is correct .. the minimum MF after MSD must be .00001 or greater.

kyfdx

Michaell said:

g8orgrant said:

Does anyone know if there's a minimum money factor threshold for customers to be able to use MSD's? In other words, right now the base money factor is .00121, which equates to just under 3%. Can MSD's be used in all cases, so long as the MF after you apply them is .00001 or greater? Or is there a case where the base MF may be below a threshold and they won't allow you to buy the rate down? I do know there's a limit of 9 MSD's.

I believe the first statement is correct .. the minimum MF after MSD must be .00001 or greater.

For Infiniti, it must be .00001, at least... that's correct.

But, with 9 MSDs allowed, you can only take .00121 down to .00031, anyway..

mkgcmc

Hello,

i am looking at the following deal in PA for a QX60 with Premium package:

MSRP - $46,345
Sales Price - $43,800
Negative Equity - $2,000

Net Cap Cost - $45,800

Lease Terms - 39 months / 10K miles

Acquisition Fee - $700
Plate Fee - $319.70
Due at Signing - $1,990

Monthly Payment - $572

Any thoughts on the sales price and terms?

Thanks!

Michaell

mkgcmc said:

Hello,

i am looking at the following deal in PA for a QX60 with Premium package:

MSRP - $46,345
Sales Price - $43,800
Negative Equity - $2,000

Net Cap Cost - $45,800

Lease Terms - 39 months / 10K miles

Acquisition Fee - $700
Plate Fee - $319.70
Due at Signing - $1,990

Monthly Payment - $572

Any thoughts on the sales price and terms?

Thanks!

Does the $1990 include the fees or is that entirely a cap cost reduction to offset the negative equity?

mkgcmc

Michaell said:

mkgcmc said:

Hello,

i am looking at the following deal in PA for a QX60 with Premium package:

MSRP - $46,345
Sales Price - $43,800
Negative Equity - $2,000

Net Cap Cost - $45,800

Lease Terms - 39 months / 10K miles

Acquisition Fee - $700
Plate Fee - $319.70
Due at Signing - $1,990

Monthly Payment - $572

Any thoughts on the sales price and terms?

Thanks!

Does the $1990 include the fees or is that entirely a cap cost reduction to offset the negative equity?

Sorry, it's fees only + first month's payment. The $1990 is more than that amount, but I'll address that before I sign. 

kingpcgeek

Here is my deal. First column without MSD, second with MSD. Its a screen shot of my own personal lease spreadsheet. Quote also includes tint.

kyfdx

kingpcgeek said:

Here is my deal. First column without MSD, second with MSD. Its a screen shot of my own personal lease spreadsheet. Quote also includes tint.

Beautiful illustration of MSDs.

19.7% after-tax return on your $4500..

bigcb37

Just thought I would post my deal to give you guys a good comp.

Here is what I got here in Northern Virginia after calling 3 dealerships and having them negotiate against each other.

2015 AWD White QX60
Premium Package
Premium Plus Package
Theater Package
Roof rails
Cross rails
Illuminated kickplates
Chrome rear bumper protection
Maple Accent Package

MSRP $52,925
59% Residual
.00121 MF
39 Months
15,000 m/yr
No money down
1st payment due on signature only
$1600 credit to pay off final 3 months of my old GM lease
In VA 4.05% sales tax is due on entire sales price - rolled into lease.

$589 per mo

kingpcgeek

bigcb37 said:

Just thought I would post my deal to give you guys a good comp.
$589 per mo

You left out the most important number of them all. The selling price of the car. That is the only number that people can use to compare their deals to yours.

Last night I pulled the trigger for my wife

2015 RWD Black QX60
Premium Package
Premium Plus Package
Roof rails
Illuminated kickplates
Chrome rear bumper protection
Tint (all cars in Arizona have to have tint, I have no issues paying for tint)
Nitrogen (worth nothing to me since I get if for free at work)

MSRP $49,090
Invoice $45,900
Selling Price $43,888
Registration was approx $775 rolled into lease
Doc fee of $499 rolled into lease
Bank fee of $700 rolled into lease.
Cash at drive off $464 first month payment and $4,500 in MSDs
Payment of $464 includes $35 in sales tax. 39/10k lease terms

haiqing

We got an offer from Atlanta area dealer. 12k thousand miles a year, 449+ tax per month and residue value 59%.  Msrp 44000 base model. Is this a good model?

Michaell

haiqing said:

We got an offer from Atlanta area dealer. 12k thousand miles a year, 449+ tax per month and residue value 59%.  Msrp 44000 base model. Is this a good model?

I'll assume FWD because you are in Atlanta.

36/12 numbers for FWD QX60 is 58% and .00106. What is your selling price?

Be advised that in Georgia, you will pay tax on the entire selling price, which will greatly increase your lease payment.

haiqing

Yes, it is fwd. They changed the offer when we choose a different color. The newest offer is 469+tax per month with 12k miles. Msrp 44600, Residual of 58%, money factor 0.001060, selling price is 41k. We are the vpp of Nissan. They said they gave us a pre-fix price.  

We got an offer from Atlanta area dealer. 12k thousand miles a year, 449+ tax per month and residue value 59%.  Msrp 44000 base model. Is this a good model?

I'll assume FWD because you are in Atlanta. 36/12 numbers for FWD QX60 is 58% and .00106. What is your selling price? Be advised that in Georgia, you will pay tax on the entire selling price, which will greatly increase your lease payment.

Michaell

haiqing said:

Yes, it is fwd. They changed the offer when we choose a different color. The newest offer is 469+tax per month with 12k miles. Msrp 44600, Residual of 58%, money factor 0.001060, selling price is 41k. We are the vpp of Nissan. They said they gave us a pre-fix price.  

haiqing said:

We got an offer from Atlanta area dealer. 12k thousand miles a year, 449+ tax per month and residue value 59%.  Msrp 44000 base model. Is this a good model?

I'll assume FWD because you are in Atlanta.

36/12 numbers for FWD QX60 is 58% and .00106. What is your selling price?

Be advised that in Georgia, you will pay tax on the entire selling price, which will greatly increase your lease payment.

With your numbers,I'm getting a payment of $491.21/mo before tax. Could this be for 39 months?

subtle

Hello... Quick question. Any help is greatly appreciated. Is the money factor and residual value different for the AWD then the FWD? If so by how much? I would think an AWD would hold better value. Thank you!

Michaell

subtle said:

Hello... Quick question. Any help is greatly appreciated. Is the money factor and residual value different for the AWD then the FWD? If so by how much? I would think an AWD would hold better value. Thank you!

36/15 numbers for 2015 QX60:

FWD - 56% and .00106

AWD - 58% and .00122

leworld

Hi,

Looking for MF & residual for 2015 QX60 AWD for 36 months - 12k/yr in CA ...... and 24 months @ 12k/yr

kyfdx

leworld said:

Hi,

Looking for MF & residual for 2015 QX60 AWD for 36 months - 12k/yr in CA ...... and 24 months @ 12k/yr

.00122 MF and 60% residual for 39 mo, 12K/yr.

39 months is the only term that makes sense for this model.

cboker

Are May numbers available yet? I was working with a local dealership here in NJ and I am currently being offered This.

2015 QX60 AWD PREM PLUS with package1 and package 2 (nav/heated seats)
MSRP 52,000
12k Miles per year
1900 due at signing
499.00 per month

suvindc

Cboker, looking at a similar deal but at 4500 oo pocket and 600 a month. Whats the break down of the 1900 if you don't mind me asking?

kyfdx

cboker said:

Are May numbers available yet? I was working with a local dealership here in NJ and I am currently being offered This.

2015 QX60 AWD PREM PLUS with package1 and package 2 (nav/heated seats)
MSRP 52,000
12k Miles per year
1900 due at signing
499.00 per month

.00106 MF and 59% residual for 39 months, 12K/yr

cboker

thankk you!!!