- #73 of 200
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Few Quick Questions
by milken
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Sep 03, 2007 (7:55 am)
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I was looking to lease a QX56 in the next few months but I'm not in any hurry. When is (or has been) the best month to lease one (looking for a 2008)? Also, what money factor would be considered a "good deal"? - thx
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- #74 of 200
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Re: CAR MAN OR AUTO GURU....QX56 BUY OR LEASE DEALS???? [mobileguy]
by Car_man HOST
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Sep 07, 2007 (1:38 am)
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Replying to: mobileguy (Aug 12, 2007 8:47 am)
Hi mobileguy. It is pretty absurd to say that the QX56 is the hottest car on the market. I am not personally a big fan of buying services. In my opinion, all they really do is add another party that has to profit off of your transaction. The fact that they do the leg work for you is worth something, but buying services really shouldn't be able to negotiate any better deals than consumers can on their own by comparison shopping with a few dealers.
Car_man
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- #75 of 200
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Re: Few Quick Questions [milken]
by Car_man HOST
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Sep 07, 2007 (1:43 am)
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Replying to: milken (Sep 03, 2007 7:55 am)
Hi milken. It is difficult to say what month will be the best time to lease a 2008 Infiniti QX56. I don't recall there being much of a difference in its advertised lease payments over the course of the year, other than a slight improvement around June or so. I can give you an idea of what this truck's current lease program is like, but it is only scheduled to run through October 1st. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. IFS' current buy rate lease money factor and residual value for a 36 month lease of a 2008 QX56 AWD with 15,000 miles per year are .00166 and 54%, respectively.
Car_man
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- #76 of 200
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2008 QX56 Lease Terms with low money down
by txmom3
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Sep 07, 2007 (8:25 pm)
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Hi everyone,
I am looking to finalize my deal on a LEASE for a 2008 QX56 2WD. The 2008 has been difficult to negotiate because its so new and they still have plenty of 07's on the lot.
The total sticker price is $55,859 and negotiated selling price is $52,877. Term is 39 months, 12K miles, 55% residual, .0024 money factor, and total cash due on delivery is $1770 (which is 1st month payment, license fees, and $750 cash down.) My monthly payment comes out to $895/month.
Does that sound about right? It seems that several of you who posted earlier are paying less in monthly payment, but putting more down up front and/or paying TT&L up front. Would love some feedback to make sure that this is a strong deal for someone who wants to put down minimal amount.
Thanks!
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- #77 of 200
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Re: 2008 QX56 Lease Terms with low money down [txmom3]
by milken
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Sep 26, 2007 (5:32 pm)
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Replying to: txmom3 (Sep 07, 2007 8:25 pm)
That seems high to me. If you look at the Infiniti website under finace and "current offers," they have a lease program where you can lease a QX56 for $679 per month with drive offs plus $3500 down for a QX56 with an MSRP of $54,665. If you assume zero down, add about $90 per month ($3500/39) to your payment plus about another $15 per month for the $1,000 difference in MSRP, you come up with just under $785 per month for a 12k mile a year, 39 month lease.
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- #78 of 200
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QX 56 Lease October 8th
by udman2
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Oct 08, 2007 (3:34 pm)
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I would appreciate what the current buy rate on the money factor is from Infiniti. My dealer is quoting me a .00299 money factor (7.176% IR) which seems high to me. I am looking at a program where they waive up to 5 months of payments on a current lease (ours expires in Feb) so this seems to save some money. Any advice? My Credit Union purchase rate is 5.25%.
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- #79 of 200
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Re: QX 56 Lease October 8th [udman2]
by milken
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Oct 09, 2007 (11:41 am)
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Replying to: udman2 (Oct 08, 2007 3:34 pm)
I am currently negotiating a 36mo 15k/yr lease and have been offered as low as 2.06 (0.00206) - not sure if that is the buy rate though - residual is 55% for 2wd - at least this can give you a starting point until the host can respond.
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- #82 of 200
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Re: QX 56 Lease October 8th [udman2]
by Car_man HOST
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Oct 10, 2007 (2:06 am)
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Replying to: udman2 (Oct 08, 2007 3:34 pm)
Hi udman2. The .00299 money factor sounds high to me as well. You never mentioned if you are interested in a 2007 or a 2008 model, so I will provide you with information on both models' lease programs. Infiniti Financial Services' current 36 month buy rate lease money factor for the 2007 QX56 AWD is .00285. The numbers for an otherwise identical lease of a 2008 QX56 AWD is .00164. As you can see, the money factor for the '08 model is much better. This is because Infiniti is no longer providing lease support on the '07 model. That's the bad news if you want a leftover QX56. The good news is that this lack of lease support means that you can use the $5,000 dealer cash that is currently available on the '07 model to negotiate an attractive capitalized cost for your lease.
Car_man
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