Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Infiniti QX56 Lease Questions
198 messages, Last post on Oct 27, 2009 at 2:37 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
My calcs for 24 month lease No money down - also 51000 is approximate, actually can go lower to 49 or 50 as dealer has about 20 on the lot and have a friend who personally knows owner and said he wants them gone even at a loss. Will see when I finally decide by the end of the month. Hopefully the residuals and int rate will not change. Only hesitating because my wife has a MAJOR problem with the size. I think its big but the deal is almost too good to pass up. Thought the same about my deal when I leased my XC90 V8 two years ago at a ridiculously low 349 per month for two years without taxes. Same lease today is in the mid to high 800 range. QX56 has more features and is much quieter. Yeah its big, towers over Tahoes and even Escalades, mileage is pretty dismal but the lease picks this year are pretty slim - no real incentives and the interest rates are pretty high for the competition - Lexus is nearly 4 pts on a GX with a payment in the high 7's to low 8's with less equipment. Residuals on others are VERY LOW (Volvo is about 40%, Lexus is 52%) Looked at Audi, Cayenne and others. This is a pretty decent deal all the way around. Calcs: Usage = Cap cost - Residual / months 51000 - (59210*.60) / 24 = 644.75 Interest: (51000+(59210*.60)) * .00001 (MF) = .86526 Total not including taxes = Usage + Interest or 644.75 + .86526 = $645.62 |
|
|
Just got a call from dealer in Vegas. First off, kyfdx, you were right. I wasn't calculating the residual right and came up with a much lower payment. Thanks for the clarification! Secondly, the dealer is very proud of his pricing. Said he is moving cars with no problem, and let him know where he can find cars at $51,769 (Edmunds TMV) because he will buy them and re-sell them. His payment for a 2 year lease is $947 per month, which equates to a cap cost of $56,456. So, the search continues! |
|
|
Ok guys/gals, what I am learning is that the Edmunds TMV data is applicable ONLY to purchases, and takes into consideration the $5K in support from Infiniti. I have now resorted to a dealership in Arizona, and they quoting capitalized cost only $2K below MSRP, which is nowhere near the almost $8K that Edmunds TMZ is illustrating. The guy seems like a really straight shooter too. Perhaps the markets I am checking in are just not flexible? As imaginable, this really jacks up the payment. Has anybody here actually got an aggressive cap cost anywhere near the Edmunds guideline? Thanks. |
|
|
Here is the latest in the saga with my local dealer. They are telling me that the MF of .00077 I have calculated (on a monthly basis) of $65.64 is WRONG. I told them my MAX cap cost is $55K, which on my math, gets me to a payment of $809.68 on an MSRP of $59,310. He told me that in order to get to that payment, on my cap cost of $55K, I would need a cap cost reduction of $1,843. I told them that in essence, that makes the MSRP $56,843. He said, "no, that's not right". Umm, ok.... ?!?! What gives? Am I wrong on my monthly money factor? Here was my final offer to them on a zero cap cost reduction, 15,000 miles per year lease. MSRP: $59,310 Cap Cost: $55,000 Residual (51% per the dealer): $30,248 Cap - Residual = $24,752 36 month payment before money factor and tax: $687.55 Money factor: $65.64 Lease payment before Nevada Sales Tax: 753.19 Nevada Sales Tax (7.75%): $56.49 Total lease payment at 36 months: $809.68 HELP! Can someone please verify my math and let me know if I went wrong somewhere? Thanks! |
|
|
|
|
Carman, Can you tell me the current lease rates for 2008 QX56? I'm looking at 36, 39, 42, and 48 months rates with 10,000 and 12,000 miles per year. Thanks for your help.
|
|
|
|
|
|
|
Replying to: ab_vegas (Sep 19, 2008 1:46 pm) |
|
|
Replying to: dwongswong (Sep 19, 2008 10:09 pm)
|
|
|
|
|
Replying to: ab_vegas (Sep 20, 2008 1:46 am) MSRP: $59,310 Cap Cost: $55,000 Residual (51% per the dealer): $30,248 Cap - Residual = $24,752 36 month payment before money factor and tax: $687.55 Money factor: $65.64 Lease payment before Nevada Sales Tax: $753.19 Nevada Sales Tax (7.75%): $56.49 Total lease payment at 36 months: $809.68 These are September's numbers: MSRP: $59,310 Cap Cost: $55,000 Residual (38% per the dealer): $22,538 Cap - Residual = $32,462 36 month payment before money factor and tax: $901.72 Money factor: $217.10 Lease payment before Nevada Sales Tax: $1,118.83 Nevada Sales Tax (7.75%): $86.71 Total lease payment at 36 months: $1,205.54 You would have paid $395.94 more had you waited until September to lease, so you did good in getting it in August.
|
|
|
Replying to: dwongswong (Sep 20, 2008 7:57 pm) You are right; glad I pulled the trigger end of last month! Thanks for your analysis; much appreciated! 
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Infiniti QX56 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Infiniti QX56
Browse by Board
Browse by Topic
Today's Chats
