Infiniti QX56 Lease Questions

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  • logic_3logic_3 Member Posts: 48
    Was looking for the July lease money factor and residual value for a 39-month lease of a 2012 QX56 4WD with 15,000 miles per year and a 39-month lease of a 2012 QX56 4WD with 18,000 miles per year. Trying to figure out which makes more dollar sense. Do I go with the 18k/yr lease or do the 15k/yr and buy the additional miles upfront? I think they are 10 cent a mile, is that correct? What happens if you don't use extra miles if you purchase? Will Infiniti credit you the difference back?
  • logic_3logic_3 Member Posts: 48
    So it looks like the rates have chanaged for July. Can anyone confirm that for a 15k/39mth lease on the QX56 4WD, for A+ credit the base MF is now .00166 and the residual is 50%?
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hey logic_3. The money factor that you were quoted is slightly high. Infiniti's July buy rate for a 36-month lease of this truck is only .00146.

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  • carbuyer5896carbuyer5896 Member Posts: 3
    Does anyone know the MF and residual for August? I'm looking at the QX56. Thanks!
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Sure carbuyer5896. Infiniti Financial Services' August buy rate lease money factor and residual value for a 36-month lease of a 2012 QX56 AWD with 15,000 miles per year are .00145 and 51%, respectively for consumers who qualify for its top credit tier.

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  • sewellgsmsewellgsm Member Posts: 775
    There is $1000 dealer cash on all QX's and IF you finance with IFS an additional $1000...nothing on the leases though.

    Of all the 2012 models, there are more QX in inventory than anything....I expect Infiniti will come out with more incentives soon. :)
  • carbuyer5896carbuyer5896 Member Posts: 3
    Thank you for the information. Do you know the MF and residual for 12,000 miles? I am looking at a QX56 with a MSRP of 67,220. Any idea what a good lease price would be? They are offering a deal $835 for 39 months, $3999 initial payment ($3164 down payment, $835 1st month payment), does not include tax,title,license and options. 12,000 miles per year. MSRP 66240. Doesn't sound so great to me.
  • carbuyer5896carbuyer5896 Member Posts: 3
    Here is my first lease offer. MSRP 67220. Selling price 63220. MF is .00146 and residual is 34954. Fees and taxes up front 5000. 39 months with 12,000 miles per year. Monthly payment $875. Seems a little high to me.
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    You're welcome carbuyer5896. Infiniti Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2012 QX56 AWD with 12,000 miles per year are .00145 and 52%, respectively for consumers who qualify for its top credit tier.

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  • mini_me1mini_me1 Member Posts: 2
    edited September 2012
    What is considered top tier credit? My dealer is quoting .00166 MF on 39 month lease without running my credit.
  • sewellgsmsewellgsm Member Posts: 775
    740+ on your beacon score...but they (IFS) look at other factors too...debt to income ratio, amount financed, terms - are you rolling in negative equity, etc.
  • mini_me1mini_me1 Member Posts: 2
    What is the consensus on whether Infiniti will get more aggressive on price/leases on the 2012's as the 2013's come out?

    Mercedes is practically giving away 2012 GL450's at MSRP-$9000 and 68% residual / .0018 MF for 15k mi/yr / 24 months.
  • spamsamspamsam Member Posts: 4
    Car Man,

    Would you please help with October's numbers for a 2012 2WD QX56 in both 36/15k and 39/15k? Thank you.
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Certainly spamsam. Infiniti Financial Services' October buy rate lease money factor and residual value for a 36-month lease of a 2012 QX56 2WD with 15,000 miles per year are .00148 and 53% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00149 and 52%.

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  • spamsamspamsam Member Posts: 4
    Much appreciated, sir.
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    You're very welcome spamsam.

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  • cartman13cartman13 Member Posts: 58
    Hi Car_man,

    Thanks in advance for all your help!

    QX56 AWD 10k miles 39 month lease. Can you provide me with MF and residual?
  • loomis661loomis661 Member Posts: 3
    Car man,

    Can you help me out with a lease payment. I qualify for top tier. I have a trade in which I usually don't like to do but want to get out of the vehicle. I would get $4,500 for the and would throw in $700. They QX has a $67,000 retail tag on it. What should I look at for payment. They are quoting $850.

    Thanks!
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi cartman13. Infiniti Financial Services' October buy rate lease money factor and residual value for a 39-month lease of a 2012 QX56 AWD with 10,000 miles per year are .00148 and 55% for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi loomis661. At $1,000 over invoice I get an approximate zero down, pre-tax monthly payment of around $852 on this truck for 39 months with 12,000 mies per year.

    I'm not sure what you are saying about your trade. Do you mean that you have $4,500 in equity in it that you are applying towards this deal? If so, don't do it. you would be much better off having the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a capitalized cost reduction. I always advise consumers to put as little down as possible when leasing. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.

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  • cartman13cartman13 Member Posts: 58
    Hi Car_Man,

    Is the loss of money a function the large drop off in depreciation in the 1st year? (i.e. GAP coverage will cover any shortfall to the lease co, but will not reimburse your down payment?)

    i.e. your lease amortizes straight line, but your car takes a 10% depreciation hit as you drive off the lot (example, not necessarily true.) Insurance pays at 90% but you owe 98% on lease. still. if you had put if you put zero down GAP covers 8%, if you put 10% down, GAP pays nothing and you are out the 10%?

    Loomis, not sure where you are located, but out here in LA county you should probably be better than invoice.
  • heytrayheytray Member Posts: 14
    Hi there. Could you please give me the MF an residual numbers on a 36 month lease. I believe I should be asking for a price around $10,000 below MSRP, is that right? That just seems different as I usually start at invoice for my negotiations. $300 ad fee and is it $500 or $700 acquisition fee. Is there anything else I should Know?
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Here's the information that you're looking for heytray. IFS' November buy rate lease money factor and residual value for a 36-month lease of a 2012 QX56 AWD with 15,000 miles per year are .00130 and 52% for consumers who qualify for its top credit tier.

    I'm not sure off of the top of my head how much of a spread there is between this truck's MSRP and dealer invoice price, but you can look that up over in the New Vehicle Pricing section of Edmunds.com. If I was in the market for this truck, I personally would shoot for a selling price of around $500 or so over invoice.

    IFS' base lease acquisition fee is now $700.

    Car_man
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  • sewellgsmsewellgsm Member Posts: 775
    8-8.5% mark-up from invoice to MSRP.
  • sewellgsmsewellgsm Member Posts: 775
    Cartman13...

    If you total IFS car/SUV (remember they own it, you are leasing it)...then it will depend on your insurance company whether you will get any money back. If you are "upside down" the GAP (that IFS provides for themselves, you pay nothing) kicks in. If you have equity because you put a bunch of money down, then you will be reinbursed.

    Example: Insure values vehices at $56k...payoff is $55k...you will get $1k.

    We advise you put as little down as possible when leasing. All you are doing is buying a lower payment. :)
  • dchamp72dchamp72 Member Posts: 25
    Hi car man,
    What is the December residual and money factor for a 39 month lease with 10k miles?
    Thanks.
  • sjcj0709sjcj0709 Member Posts: 2
    I talked to a dealer in the Midwest over the weekend. I asked about the dealer cash and he said there were no incentives at this time on the QX 56. In fact, he showed me an incentive sheet that did not have anything for the QX. Sewell, any thoughts on this?

    The amount he wanted to take off MSRP was nowhere near what has been talked about on this forum.
  • sewellgsmsewellgsm Member Posts: 775
    As stated in earlier post...

    2012 - $4000 dealer cash + $1000 if you finance w/ IFS
    2013 - $1000 dealer cash

    But those are on purchases...if you lease - you are on your own...Infiniti does have solid residuals and money factors...just no cash.
  • dolphin5dolphin5 Member Posts: 80
    edited December 2012
    Hi Car_man,

    Can you provide the 24 and 36 month each with 15k mi/yr lease numbers (mf & resid) on 2012 & 2013 4x4 QX56s. Can you also list manufacturer and dealer incentives, including loyalty discounts since I'm currently leasing an infiniti.

    Thanks
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hello dchamp72. Infiniti Financial Services' December buy rate lease money factor and residual value for a 39-month lease of a 2013 QX56 with 10,000 miles per year are .00185 and 54% for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Here's the information that you're looking for dolphin5. Infiniti Financial Services' December buy rate lease money factor and residual value for a 24-month lease of a 2013 QX56 AWD with 15,000 miles per year are .00185 and 59% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00185 and 52%.

    The numbers for a 2012 model are .00128 / 59% for 24-months and .00130 / 52% for 36-months.

    Car_man
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  • biglabmaggiebiglabmaggie Member Posts: 1
    Car_Man,

    Do you have the IFS January 2013 MF and residual numbers on 2012 and 2013 QX56 leases?

    Thanks!
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Why yes I do biglabmaggie. Infiniti Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2013 QX56 4WD with 15,000 miles per year are .00148 and 52% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 model are .00094 and 50%.

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  • nealitnealit Member Posts: 12
    edited January 2013
    Hi Carman
    what is money factor and residual for 2012 QX56 4WD with 10K or 12K for 24/36 months?

    Thank you.
  • nealitnealit Member Posts: 12
    Hi Carman
    what is money factor and residual for 2012 QX56 4WD with 10K or 12K for 24/36 months lease?
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi nealit. Infiniti Financial Services' January buy rate lease money factor and residual value for a 24-month lease of a 2012 QX56 4WD with 12,000 miles per year are .00080 and 59%

    The numbers for an otherwise identical 36-month lease are .00094 and 51%.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    Car_man
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  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Nealit, please see my previous post for the information that you're looking for. Thanks.

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  • nealitnealit Member Posts: 12
    Thank you very much. I have an issune with facebook sign in and did two duplicate posts.

    May I ask the same term for 2013?
  • nealitnealit Member Posts: 12
    edited January 2013
    I took the offer for 2012 QX56 4WD from South CA Infiniti dealer, MSRP: 70585, 9035 Off, Cap Cost 61500, 36 Months Term with 53% residual for 10K, money factor 0.00094, Payment on Due 1000, monthly payment 790+tax (8.1%). another dealer can do 95k off, but it is golden or silver. In Nevada, white color is better since it will not be that hot if you park outside. The white color worths that $500.

    good deal? Actually Metro Infiniti seems can do better than above two dealers on 2013. But I am trying to score a 2012 and they only sell to CA resident.

    I can not get 11k off since it is a lease. If I buy it will another 2150 off. But based on QX56 quality review, it will not be a good car to own if out of warranty. I also plan to drive GL350 or GL450 3 years later.

    Thanks for all input from edmunds and friends here. Thanks for carman's quick awnser on MF and RES.
  • moguptmogupt Member Posts: 20
    Car_man,
    Are the residuals and money factor different between 2WD and 4WD?
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi nealit. Infiniti Financial Services' February buy rate lease money factor and residual value for a 24-month lease of a 2013 QX56 4WD with 12,000 miles per year are .00137 and 61%.

    The numbers for an otherwise identical 36-month lease are .00148 and 53%.

    Car_man
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  • CarMan@Edmunds[email protected] Member Posts: 38,514
    You're very welcome nealit. Congrats on getting your new QX56. Enjoy :shades: !

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  • CarMan@Edmunds[email protected] Member Posts: 38,514
    The numbers are virtually the same for the 2WD and 4WD models.

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  • mccalannimccalanni Member Posts: 3
    Just negotiated a price at $1000 above invoice for 2013 qx56. They said if we purchase the car, they would also give us the $2000 cash dealer incentive to bring price to $1000 below invoice. When we asked about that price for a lease, they said they cannot do that on a lease. Does that sound accurate?
  • crs68crs68 Member Posts: 1
    What is best money factor and residual for 39 month lease with 12,000 miles/yr on 2wd Qx?
    Thx
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi crs68. Infiniti Financial Services' April buy rate lease money factor and residual value for a 39-month lease of a 2013 QX56 2WD with 12,000 miles per year are .00149 and 53% for consumers who qualify for its top credit tier.

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  • jl71jl71 Member Posts: 1
    Hello Car_man

    I'm currently talking to my local dealer about a 12000 mile, 39 month lease and info he is giving me is some what different. He says current money factor is 0.00138 and residual is 51%. Is he correct? should I walk away? :confuse:

    Thanks
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi jl71. The lease program that you were quoted is indeed correct.

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  • mediamindsetmediamindset Member Posts: 1
    Hi Car man- Like a broken record... Can you please tell me the current lease factor and residual on the Qx56 for June? Thanks in advance. This is a great forum!
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Thanks mediamindset, Infiniti Financial Services' June buy rate lease money factor and residual value for a 36-month lease of a 2013 QX56 with 15,000 miles per year are .00148 and 52% for consumers who qualify for its top credit tier.

    Car_man
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