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Infiniti QX56, Car Leasing, SUV
#304 of 377 Re: May MF and Residual for a 2012 QX56 4WD [logic_3]
by kyfdx@Edmunds HOST
May 26, 2012 (5:48 am)
No.... the MSDs are the same as your normal security deposit..
My Infiniti dealer says the deposit is based on the payment before the money factor reduction... So, assume that without your MSDs, your payment would be $790/month... then, each security deposit is $800 (rounded up). So, 9 deposits = $7200, and the MF reduction would be (9 X .0001) = .0009
That could easily knock $80/mo off a payment on a QX56... After tax return of better than 12% annually..
#305 of 377 Re: May MF and Residual for a 2012 QX56 4WD [logic_3]
May 28, 2012 (11:21 am)
39/15k = 51% on 2wd or AWD - true
MF on 2wd - Tier 1 = .00163
MF on AWD - Tier 1 = .00164 - true
Any yes - Infiniti just started adding $300 (ICAP) on all invoices as a marketing fee - they pool the money from all the local dealers and spend it on advertising in that particular market. So, again true...sounds like the dealership your dealing with is very straight forward.
#306 of 377 Re: May Lease Rates [Car_man]
Jun 10, 2012 (7:54 am)
Car Man - is the new Spring Limited time lease offers from Infinity is a good one? I am looking for a 12000 or 15000 mile lease on new 2012 QX56 4WD - what is the MF and Residual for the advertised 39 month lease? Other fine points in this lease offer - anything that Infinity is adding in the fine prints? Are there any other delear or customer cash incentive or lease cash at this point? Thx much.
Jun 13, 2012 (3:59 pm)
Give define basic info for me: what does 0.00164 stand for. I understand the percent as the residual of the car. With a purchase price of $60,000 and a residual of 51% and a 39 month lease. does it mean a monthly payment of $753.85. I assume this is w fees and taxes prepaid?
#308 of 377 Sprint Event
Jun 19, 2012 (10:29 pm)
Since carman didn't answer, I did the reverse math Sprint Event offer for the QX and here are the figures I got. They seemed to have just bumped up the residual 2% to give a better deal.
39 month 12k - 53% 0.00164 for the AWD
Carman above mentioned previously that 39 month 10k was 53%, so I'll assume that they bumped it up 53% for 12K for the better deal.
#309 of 377 Re: Sprint Event [moolman]
Jun 20, 2012 (3:44 pm)
Thank you for your info. Please enlighten this lease novice: What is this 12k thing?
I got a deal from a dealer w a gross cap cost of $63,112 for a QX56, 4w with entertainment package. They are offering 51% and m/f of 0.00247 and a rent cost of $9346.74 plus a drive off of $$1663.53. May be it was my ignorance of the process, It seems high for me. I walked away.
Is this rent cost of $9346.74 equivalent to your 12k?
#310 of 377 Re: Sprint Event [granada2359]
Jun 21, 2012 (12:28 am)
I called it the sprint event, well, I have a sprint phone maybe thats why.
You need to not lease if you seriously don't know what 12k meant. 12k is the number of miles you can drive in a year. Before you lease you should be able to calculate to the last penny, a lease payment by hand using a calculator.
The money factor you got is higher than normal but that could be due to your credit. If you don't have perfect credit, I will say to you WTF are you buying a 60k+ car for, fix your credit, pay your debts, and then think about buying a car.
#311 of 377 Re: Sprint Event [moolman]
Jun 21, 2012 (1:41 pm)
Tks for your advice. There is no debt other than mortgages. Wife is first time car buyer & 1st time leaser. Should have clean credit history. Using company to lease. Dealer called. Claimed have not run credit reports. Wonder how they came up w interest rate without credit hx. They subsequently came down to m/f of 0.00214, 51% for 39 months & 15k. Is it a good deal?!
#312 of 377 Re: May Lease Rates [rakeshk]
Jun 21, 2012 (3:32 pm)
Hi rakeshk. Infiniti's current lease program for the QX56 is definitely nothing to write home about. IFS' June buy rate lease money factor and residual value for a 39-month lease of a 2012 QX56 4WD with 15,000 miles per year are .00164 and 51%, respectively for consumers who qualify for its top credit tier.
Infiniti id providing $1,000 dealer cash on the '12 QX56, but that cash is not available on leases.
Prices Paid: Buying & Leasing Experiences Forum
#313 of 377 Re: Lease questions [granada2359]
Jun 21, 2012 (3:35 pm)
Hi granada2359. Money factors are used to calculate the interest portion of vehicles' lease payments. You can convert a money factor into an approximate interest rate equivalent by multiplying them by 2400. So a money factor of .00164 would be equivalent to an interest rate of around 3.93%.
I need both this truck's MSRP and selling price to work up a payment on it. Let me know what those numbers are and I'll work one up for you.
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