Money factor and RV for 2020 Infinity QX50 Essential

donaldj

Hello,

Looking for the MF and residual value on a 2020 Infinity QX50 Essential. 39 month lease, 12k miles/year, MF=0.00187 MSRP=49,985 SELLING PRICE=$39,064

Also, can someone here tell me if the money factor is indeed negotiable? I have an 801 credit score
so thinking I would get at least the base rate. Dealer saying the MF is not negotiable as its set by the bank.
Thx

Michaell

donaldj said:

Hello,

Looking for the MF and residual value on a 2020 Infinity QX50 Essential. 39 month lease, 12k miles/year, MF=0.00187 MSRP=49,985 SELLING PRICE=$39,064

Also, can someone here tell me if the money factor is indeed negotiable? I have an 801 credit score
so thinking I would get at least the base rate. Dealer saying the MF is not negotiable as its set by the bank.
Thx

What is your ZIP code?

The dealer is partially right - the bank does set the base MF, but nothing is stopping the dealer from marking up that rate for a little extra profit in their pocket.

Michaell

donaldj said:

Hello,

Looking for the MF and residual value on a 2020 Infinity QX50 Essential. 39 month lease, 12k miles/year, MF=0.00187 MSRP=49,985 SELLING PRICE=$39,064

Also, can someone here tell me if the money factor is indeed negotiable? I have an 801 credit score
so thinking I would get at least the base rate. Dealer saying the MF is not negotiable as its set by the bank.
Thx

donaldj said:

Sorry Michaell. My zip is 10595

.00182 and 52%, with $6300 in dealer incentives

Seems like an awful small markup to the MF, honestly.

What payment are you being quoted?

donaldj

Thanks Michaell! Appreciate it. Yeah there is def a healthy mark-up in there for sure.

donaldj

Sorry Michaell. My zip is 10595

donaldj

Thanks. The monthly payment is $449. Selling price is 22% or almost $11k off of MSRP.
Getting rebates - 1,000 loyalty & 750 vpp ($500 customer rebate, $250 dealer). LMK what you think

Michaell

donaldj said:

Thanks. The monthly payment is $449. Selling price is 22% or almost $11k off of MSRP.
Getting rebates - 1,000 loyalty & 750 vpp ($500 customer rebate, $250 dealer). LMK what you think

How much is due at signing?

donaldj

DAS is approx $1,650. Thx again

Michaell

donaldj said:

DAS is approx $1,650. Thx again

Looks like a solid deal, then.

donaldj

Thanks Michaell. One quick follow-up. How would I decipher if the MF is being marked up?

Michaell

donaldj said:

Thanks Michaell. One quick follow-up. How would I decipher if the MF is being marked up?

Ask them what MF they used for the quote

donaldj

I have that - it’s .00182
My question is how do I know if there is a mark-up in there.

Michaell

donaldj said:

I have that - it’s .00182
My question is how do I know if there is a mark-up in there.

There isn't. I gave you the MF earlier today, and its .00182

donaldj

thank you