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Prices Paid: Buying & Leasing Experiences Infiniti QX56 Lease Questions
200 messages, Last post on Nov 17, 2009 at 2:49 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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. |
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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! |
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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.
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Replying to: ab_vegas (Sep 19, 2008 1:46 pm) |
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Replying to: dwongswong (Sep 19, 2008 10:09 pm)
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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.
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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! 
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Replying to: dwongswong (Sep 13, 2008 7:48 pm) Since Infiniti is no longer providing lease support on the QX56, the above program can be combined with the $7,000 dealer cash that is currently available on this truck. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ab_vegas (Sep 20, 2008 1:46 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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