2015 Infiniti QX60 Lease Questions

aceb

Hi all,

Can anyone provide me with the August residual value and money factor for the QX60 AWD, 36mo/15k?

Much appreciated. Will be leasing by the end of the month and eager to share the results. Thanks!

Michaell

aceb said:

Hi all,

Can anyone provide me with the August residual value and money factor for the QX60 AWD, 36mo/15k?

Much appreciated. Will be leasing by the end of the month and eager to share the results. Thanks!

.00089 and 56%

macbazzr

How about the August residual and money factor for FWD / 36-39 mos / 12K? Getting ready to pull the trigger in Atlanta.

Michaell

macbazzr said:

How about the August residual and money factor for FWD / 36-39 mos / 12K? Getting ready to pull the trigger in Atlanta.

Both have the same numbers this month - 57% and .00089.

Guess I'd go with the 39 month term as that will result in a slightly lower payment.

stixpixx

Moderator can you please provide the money factor and residual and any incentives Infiniti is offering in Southern California for a 2015 Infiniti QX60 FWD with premium package for the month of August. Thank you

stixpixx

Money factor and residual on 36 or 39 month lease for QX60 FWD for month of August 2015

stixpixx

15K miles per year

kyfdx

stixpixx said:

Moderator can you please provide the money factor and residual and any incentives Infiniti is offering in Southern California for a 2015 Infiniti QX60 FWD with premium package for the month of August. Thank you

stixpixx said:

Money factor and residual on 36 or 39 month lease for QX60 FWD for month of August 2015

stixpixx said:

15K miles per year

.00089 MF and 55% residual for 36/15 OR 39/15.

gregb12

Can you confirm the residuals for lower mileage (10k/12k per year for 36 or 39 months) in NY for an AWD? I'd assume the money factor is the same as above of .00089

Michaell

gregb12 said:

Can you confirm the residuals for lower mileage (10k/12k per year for 36 or 39 months) in NY for an AWD? I'd assume the money factor is the same as above of .00089

Add 2% to the 15K residuals for 12K and 3% for 10K

robert_r1

I am looking for monthly lease payments on 2015 qx60  with MSRP of 49090 and sale price of 42780.  39 and 24 months 10k/12k.  Thank you.  1000 DP.  I live in Texas ....

also another model.
 qx60  with MSRP of 43395  and sale price of 39627. 39 and 24 months 10k/12k.  Thank you.  zero DP 

Michaell

robert_r1 said:

I am looking for monthly lease payments on 2015 qx60  with MSRP of 49090 and sale price of 42780.  39 and 24 months 10k/12k.  Thank you.  1000 DP.  I live in Texas ....

also another model.
 qx60  with MSRP of 43395  and sale price of 39627. 39 and 24 months 10k/12k.  Thank you.  zero DP 

FWD?

24/12 numbers are .00089 and 62%; 39/12 numbers are .00089 and 57%. Add 1% for 10K.

For vehicle 1, I calculate a pre-tax payment of $579.50 for 24 months or $474 for 39 months. Both with 12K miles.

For vehicle 2, the payments are $471 for 39 months or $589 for 24 months

robert_r1

Thank you very much 

k_nash

I was looking for the MF and RV on a 2015 QX60 AWD. 39 mo 12k and 15k. Also is 39 mo the sweet spot this month? Thank you !

kyfdx

k_nash said:

I was looking for the MF and RV on a 2015 QX60 AWD. 39 mo 12k and 15k. Also is 39 mo the sweet spot this month? Thank you !

.00089 MF and 58%/56% residual

39 months is the only good term for this model

boringcommute

The $535.10 cap reduction tax is said to be a standard 1.2% lenders and member fee. Is this correct?  Houston, TX here. Tax incentive in effect.

kingpcgeek

boringcommute said:

The $535.10 cap reduction tax is said to be a standard 1.2% lenders and member fee. Is this correct?  Houston, TX here. Tax incentive in effect.

That is a flat out lie, total B.S. The lender's fee is the $700.. There is no such thing as a members fee.

kyfdx

kingpcgeek said:

boringcommute said:

The $535.10 cap reduction tax is said to be a standard 1.2% lenders and member fee. Is this correct?  Houston, TX here. Tax incentive in effect.

That is a flat out lie, total B.S. The lender's fee is the $700.. There is no such thing as a members fee.

Well... there is always something new under the sun..

Infiniti is using tax credits on this vehicle to cover most of the tax. Texas is a full tax state on leases. So, instead of taxing the full selling price, Infiniti is using their tax credits to cover all but 1.2%. They can call it whatever they want, but you are getting a $2300 break on your sales tax. (1.2% vs. 6.25%).

boringcommute

kyfdx said:

Well... there is always something new under the sun.. Infiniti is using tax credits on this vehicle to cover most of the tax. Texas is a full tax state on leases. So, instead of taxing the full selling price, Infiniti is using their tax credits to cover all but 1.2%. They can call it whatever they want, but you are getting a $2300 break on your sales tax. (1.2% vs. 6.25%).

Thank you. How do the numbers look? Premium pkg, premium plus pkg, drivers assistance pkg, roof rails, illuminated kick plates, rear bumper protector.

kyfdx

boringcommute said:

kyfdx said:

Well... there is always something new under the sun..

Infiniti is using tax credits on this vehicle to cover most of the tax. Texas is a full tax state on leases. So, instead of taxing the full selling price, Infiniti is using their tax credits to cover all but 1.2%. They can call it whatever they want, but you are getting a $2300 break on your sales tax. (1.2% vs. 6.25%).

Thank you. How do the numbers look? Premium pkg, premium plus pkg, drivers assistance pkg, roof rails, illuminated kick plates, rear bumper protector.

$483/mo. on a $51K MSRP, tax included... looks great! Especially in Texas.

rich4j

Hi I live in PA. I was looking for the MF and Residual on QX60 AWD with Premium Package and also with Drivers Assist package separately. 12K miles per year lease. thanks

Michaell

rich4j said:

Hi I live in PA. I was looking for the MF and Residual on QX60 AWD with Premium Package and also with Drivers Assist package separately. 12K miles per year lease. thanks

36/12 numbers - 58% and .00089

boyarlee

Got a great quote from dealer with a discount of over $6000 off MSRP. Went to do papers, told dealer I wanted to lease and he said that changes discount to less than $4000 because of "incentives." Is this right? I always thought you negotiate the best price and then tell them you're leasing. Is there really a difference between a purchase price and a lease price?

kingpcgeek

boyarlee said:

Got a great quote from dealer with a discount of over $6000 off MSRP. Went to do papers, told dealer I wanted to lease and he said that changes discount to less than $4000 because of "incentives." Is this right? I always thought you negotiate the best price and then tell them you're leasing. Is there really a difference between a purchase price and a lease price?

Infiniti does have a habit of offering different incentives for buying versus leasing. You can negotiate the best price while telling them you are leasing. Just don't get trapped in the payment negotiation method.

boyarlee

Thanks. Now offering for lease as follows: $50695 MSRP less $4050 discount for $46,645 lease price. AWD, PP1, PP2, ill kickplates, splashguards, roof rack, bumper protect. Good deal or can I do better?

kingpcgeek

Forget MSRP, it is a worthless number in car shopping now days. You need to see how close you are to invoice. Your goal should be at least invoice or less, then you subtract whatever incentives there might be.

Michaell

kingpcgeek said:

Forget MSRP, it is a worthless number in car shopping now days. You need to see how close you are to invoice. Your goal should be at least invoice or less, then you subtract whatever incentives there might be.

Correct - you can use the pricing tools at Edmunds to help figure out what your target should be. Use the "make / model / year" pull downs at the top of the page.

funguyin

Hi, I planned on purchasing a 2015 QX60 AWD with Premium, Premium Plus and Driver Assist package. The sticker price is $52995. Dealer offered a discount of $9000 off MSRP. The final sale price is $43995. Now I'm planning to lease it, instead of purchase.

1. Can I ask the lease on the negotiated price of $43995? Or, do I need to renegotiate the lease price (capitalized cost)?
2. I live in WA. What is the MF for 39 month lease with 10k and 12k miles/year?
3. In a lease, what all are the factors that we can negotiate? Apart from the lease price, can we also negotiate the MF?
4. Is MF based on the credit score? If I have an excellent credit score, can I ask for low MF?

Thanks,

Michaell

funguyin said:

Hi, I planned on purchasing a 2015 QX60 AWD with Premium, Premium Plus and Driver Assist package. The sticker price is $52995. Dealer offered a discount of $9000 off MSRP. The final sale price is $43995. Now I'm planning to lease it, instead of purchase.

1. Can I ask the lease on the negotiated price of $43995? Or, do I need to renegotiate the lease price (capitalized cost)?
2. I live in WA. What is the MF for 39 month lease with 10k and 12k miles/year?
3. In a lease, what all are the factors that we can negotiate? Apart from the lease price, can we also negotiate the MF?
4. Is MF based on the credit score? If I have an excellent credit score, can I ask for low MF?

Thanks,

1. It's possible the $9000 off sticker includes incentives that are only available if you buy, not lease. You would have to ask the dealer
2. 39/12 lease numbers are .00089 and 58% (assuming AWD). Add 1% for 10K
3. Lease price and MF, but the MF cannot go lower than the base I've quoted
4. Yes, MF can increase if the credit score is weak, but it cannot be any lower than the base rate from (2) above

funguyin

Thanks Michaell. I'm also planning to trade in my Subaru. I understand that if I'm purchasing, I can get a sales tax credit for the trade in. Is there any such benefit of tax credit when I trade in?

kyfdx

funguyin said:

Thanks Michaell. I'm also planning to trade in my Subaru. I understand that if I'm purchasing, I can get a sales tax credit for the trade in. Is there any such benefit of tax credit when I trade in?

Most states don't give tax credits on trade-in, if you are leasing the next car.

That said, we don't know the rules in Washington state. Check with your local DMV or dealer.

Dan Restrepo

Hi - After going back and forth with my local infinity dealer on lease terms for a 2015 QX60 3.5 AWD w/ Navigation/P/P+/Tech/Deluxe Touring/Theater; 39 Months/12K per year

I went from this:

MSRP: $59,275
Sale Price: $51,650
Sales Tax: 9%
Payment: 593

Total OOP approx: 1290 including first months. 250 Doc Fee, 700 Acquisition

To this:

MSRP: $59,275
Sale Price: $50,533.10
Sales Tax: 9%
Payment: 499

Total OOP approx: 3500 including first months. 250 Doc Fee, 700 Acquisition, 2110 cash down

I still feel that I made a good deal. Did I??? Reason for the change was that I wanted a monthly payment to be below $500

I'm picking up the car tomorrow (I have not given any money down...just in case).

Residual is 58% and MF of 0.00089

Michaell

restrepod said:

Hi - After going back and forth with my local infinity dealer on lease terms for a 2015 QX60 3.5 AWD w/ Navigation/P/P+/Tech/Deluxe Touring/Theater; 39 Months/12K per year

I went from this:

MSRP: $59,275
Sale Price: $51,650
Sales Tax: 9%
Payment: 593

Total OOP approx: 1290 including first months. 250 Doc Fee, 700 Acquisition

To this:

MSRP: $59,275
Sale Price: $50,533.10
Sales Tax: 9%
Payment: 499

Total OOP approx: 3500 including first months. 250 Doc Fee, 700 Acquisition, 2110 cash down

I still feel that I made a good deal. Did I??? Reason for the change was that I wanted a monthly payment to be below $500

I'm picking up the car tomorrow (I have not given any money down...just in case).

Residual is 58% and MF of 0.00089

Your total cash outlay is the same .. the $2110 down simply reduced your payment by $54/mo. And, the lower selling price shaved another $29/mo off the payment.

Dan Restrepo

Thanks for the prompt response.

Not sure if you can answer this, but if my objective was to keep the payment at or slightly below 500, what should I have done differently (on the same car, same options)?

Michaell

restrepod said:

Thanks for the prompt response.

Not sure if you can answer this, but if my objective was to keep the payment at or slightly below 500, what should I have done differently (on the same car, same options)?

Not sure .. I think Infiniti offers an MSD program where you can buy down the MF - that would have lowered your payment without risk, as you get the money back at the end of the lease.

kingpcgeek

funguyin said:

To this:

MSRP: $59,275
Sale Price: $50,533.10
Sales Tax: 9%
Payment: 499

Total OOP approx: 3500 including first months. 250 Doc Fee, 700 Acquisition, 2110 cash down

Do not put cash down on a lease. If you get totaled the moment you drive off the lot you lose all of that money. The purpose of a lease is low payments, and little money at drive off. I never put more then the first month's payment down at drive off. However I have put security deposits (MSDs) down on both of my current leases to drop the monthly payments. That money I get back at lease end.

This post gives the details of my deal done with MSDs forums.edmunds.com/discussion/comment/5080063/#Comment_5080063

funguyin

Hi,

I went to the dealer to finalize on my QX60. Here are the two options. Purchase and Lease

MSRP: 53395

Purchase Option:

Sale price: $43793
Trade value: $19500
Trade payoff: $13664
Net trade amount (trade equity): $5836
Additional down payment: $500
Total amount financed: $40,337
Finance charges (interest): $2011

My total cost (includes down payment, trade in credit, finance charges) is $48,685.20

Lease Option (39 months at 10k miles)

Sale price: $46193
Acquisition fee: $700
Net capitalized cost: $46893

MF is reduced to 0.00041, with $4500 security deposit (they have not mentioned exactly how much the MF was with out security deposit, but it was greater than 0.00089)

Monthly lease amount $468.75 with taxes.

They gave sales tax credit on my $13664 trade pay off (which is approx. $1340) and cut a check for $5836 (my trade equity), out of which, I used $4500 towards the MF security deposit. So total of $1368 in my pocket.

Now on this lease, my total payments comes to $16936. If I buy out the lease for the residual of $31503, including taxes and $300 purchase fee, the purchase price will be approx. $34900.

Assuming if I finance the $34900 purchase cost at @2.5% interest charge, I'll end up paying $37150. If I add my total lease payments of $16936, ultimately I'm paying approx. $54000.

At the end of my lease, I'll get my $4500 security deposit back, and with the initial check of $1368, my total money spent on this car will be about $48,250.

Questions:

1. The question is, this lease and then purchase price is about $500 cheaper to the outright purchase deal.

I'm a bit confused, how could this be possible? Am I missing anything?

I have to finalize the deal tomorrow (purchase or lease), and any advise will be of great help.

2. Also, the dealer is offering a Safe Lease option for about $20 per month, which covers any damages to the lease car. Is this something I should take?

3. Dealer mentioned that the lease includes GAP coverage, but it wont be mentioned anywhere on the lease agreement. He said, its offered by Infiniti corporate. Is that true? Do I need to take any proof from them saying Gap Insurance is covered?

Thank you very much in advance for your help ...

Michaell

funguyin said:

Hi,

I went to the dealer to finalize on my QX60. Here are the two options. Purchase and Lease

MSRP: 53395

Purchase Option:

Sale price: $43793
Trade value: $19500
Trade payoff: $13664
Net trade amount (trade equity): $5836
Additional down payment: $500
Total amount financed: $40,337
Finance charges (interest): $2011

My total cost (includes down payment, trade in credit, finance charges) is $48,685.20

Lease Option (39 months at 10k miles)

Sale price: $46193
Acquisition fee: $700
Net capitalized cost: $46893

MF is reduced to 0.00041, with $4500 security deposit (they have not mentioned exactly how much the MF was with out security deposit, but it was greater than 0.00089)

Monthly lease amount $468.75 with taxes.

They gave sales tax credit on my $13664 trade pay off (which is approx. $1340) and cut a check for $5836 (my trade equity), out of which, I used $4500 towards the MF security deposit. So total of $1368 in my pocket.

Now on this lease, my total payments comes to $16936. If I buy out the lease for the residual of $31503, including taxes and $300 purchase fee, the purchase price will be approx. $34900.

Assuming if I finance the $34900 purchase cost at @2.5% interest charge, I'll end up paying $37150. If I add my total lease payments of $16936, ultimately I'm paying approx. $54000.

At the end of my lease, I'll get my $4500 security deposit back, and with the initial check of $1368, my total money spent on this car will be about $48,250.

Questions:

1. The question is, this lease and then purchase price is about $500 cheaper to the outright purchase deal.

I'm a bit confused, how could this be possible? Am I missing anything?

I have to finalize the deal tomorrow (purchase or lease), and any advise will be of great help.

2. Also, the dealer is offering a Safe Lease option for about $20 per month, which covers any damages to the lease car. Is this something I should take?

3. Dealer mentioned that the lease includes GAP coverage, but it wont be mentioned anywhere on the lease agreement. He said, its offered by Infiniti corporate. Is that true? Do I need to take any proof from them saying Gap Insurance is covered?

Thank you very much in advance for your help ...

1. It's possible the MF interest rate is lower than the purchase interest rate. I wouldn't guarantee that in three years a 2.5% interest rate on used cars would be available - the Fed could affect that.
2. It's a good deal - for the dealer
3. Yes, GAP is part of every Infiniti lease.

boringcommute

September numbers released?
FWD, 39/10k

TX

kyfdx

boringcommute said:

September numbers released?
FWD, 39/10k

TX

.00089 MF and 58% residual

gregb12

Are the Sept numbers the same for AWD? 39/10K (NY)

Michaell

gregb12 said:

Are the Sept numbers the same for AWD? 39/10K (NY)

.00089 and 59%

funguyin

Hi Folks,

I leased a QX60 assuming that the difference between purchase upfront vs. lease first then purchase, due to my mistake in the calculations. I've now realized that the difference is about $6000.

It looks like the dealer has processed my lease (i.e., put in the system and sent to bank for approval etc) on 8/31.

Is there any chance I can convert this lease in to a purchase option? Does this kind of scenario common and the dealer can do something about this?

Or should I contact Infinity Finance and request to convert that to a purchase option?

Please understand that I don't want to terminate my lease, instead I want to void the lease transaction and buy it upright as a purchase. Since, both purchase finance and lease finance is thru the same Infinity finance, would there be a chance to do so?

Thanks for the help...

Michaell

funguyin said:

Hi Folks,

I leased a QX60 assuming that the difference between purchase upfront vs. lease first then purchase, due to my mistake in the calculations. I've now realized that the difference is about $6000.

It looks like the dealer has processed my lease (i.e., put in the system and sent to bank for approval etc) on 8/31.

Is there any chance I can convert this lease in to a purchase option? Does this kind of scenario common and the dealer can do something about this?

Or should I contact Infinity Finance and request to convert that to a purchase option?

Please understand that I don't want to terminate my lease, instead I want to void the lease transaction and buy it upright as a purchase. Since, both purchase finance and lease finance is thru the same Infinity finance, would there be a chance to do so?

Thanks for the help...

All you can do is contact the dealer and / or IFS and ask ... but, I'm not optimistic that the deal can be converted from a lease to a purchase at this juncture.

Keep us posted on what you learn. I wouldn't mind being wrong this time!

rytash

Hi, What is the money factor and residual this month for an AWD QX60 as a 24 or 27 month lease with 12k miles? Thanks!

kyfdx

rytash said:

Hi, What is the money factor and residual this month for an AWD QX60 as a 24 or 27 month lease with 12k miles? Thanks!

.00089 MF and 63% residual for 24/12.

The only lease term that makes sense for the QX is 39 months. 39/12 residual is 58%

paulsdad

Hi Guys! Thanks for all the great info; it's been very valuable in my negotiations. I have some lease numbers I want to throw out to see what you all think:

New York State/Nassau County 8.625% sales tax. 39mo/10k lease with 59% residual and 0.00089 MF (2.13% APR)
2015 AWD QX60 with all major packages, roof rack with crossbars, splash guards, illuminated kick plates, cargo package. MSRP $59,575.

TOP $3,500 and $581/mo for 39 mos. This seems to calculate back to a cap cost of $53,292.
(Salesman's initial offer was $3,700 TOP and $656/mo x 39 mos.)

Is there still some wiggle room, or should I just take the deal?

Thanks for any advice you can provide.

paulsdad

Whoops. Maybe I calculated wrong. I was assuming the residual was based on cap cost. If the residual is based on MSRP then residual is $35,150. Amount financed at 2.13% is 21,850. This gives a cap cost of $57,000 which isn't much off the MSRP.
My brain hurts; I used to think I was good at math.
Can any of you straighten me out?
Thanks very much!

Michaell

paulsdad said:

Hi Guys! Thanks for all the great info; it's been very valuable in my negotiations. I have some lease numbers I want to throw out to see what you all think:

New York State/Nassau County 8.625% sales tax. 39mo/10k lease with 59% residual and 0.00089 MF (2.13% APR)
2015 AWD QX60 with all major packages, roof rack with crossbars, splash guards, illuminated kick plates, cargo package. MSRP $59,575.

TOP $3,500 and $581/mo for 39 mos. This seems to calculate back to a cap cost of $53,292.
(Salesman's initial offer was $3,700 TOP and $656/mo x 39 mos.)

Is there still some wiggle room, or should I just take the deal?

Thanks for any advice you can provide.

paulsdad said:

Whoops. Maybe I calculated wrong. I was assuming the residual was based on cap cost. If the residual is based on MSRP then residual is $35,150. Amount financed at 2.13% is 21,850. This gives a cap cost of $57,000 which isn't much off the MSRP.
My brain hurts; I used to think I was good at math.
Can any of you straighten me out?
Thanks very much!

First, I confirm the 59% residual and .00089 MF on the QX60 AWD.

Yes, residual is calculated against the MSRP (bottom line number on the window sticker, including destination).

Yes, you should be able to negotiate a lower selling price - that's what you should focus on, not the monthly payment. The payment will drop based on the selling price.

What is the breakdown of the $3500? Does that include taxes?

paulsdad

Thanks for your quick reply Michaell. Yes the $3500 includes 8.625% sales tax on the entire lease amount, a $700 "bank fee" and DMV fees. Using "True Car" pricing and a lease calculator, I come up with $550/month as a fair deal and $525/mo. as a great deal (this would be for cap cost of $52.5-53.5k). The MSRP of $59,575 also includes a $995 destination fee and a $300 "advertising fee".
The salesmen all want to focus on the monthly payment, ie what monthly payment are you willing to pay? My answer is the monthly payment that corresponds to the lowest cap cost for the vehicle.
Thanks again for any insight into a fair cap cost for the loaded QX60.