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Infiniti QX56: Lease Questions

200 messages,  Last post on Nov 17, 2009 at 2:49 AM

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What is this discussion about? Infiniti QX56, Car Leasing, SUV

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#160 of 200 Re: July Residual & MF Numbers [fpinho] by Car_man HOST Jul 25, 2008 (1:49 am)
Replying to: fpinho (Jun 30, 2008 7:28 am) Here you go, fpinho. Infiniti Financial Services' July buy rate lease money factor and residual value for a 24 month lease of a 2008 Infiniti QX56 AWD with 15,000 miles per year are .00077 and 50%, respectively. The residual value for a lease with only 12,000 miles per year would be 1% higher and with 10,000 miles per year would be 2% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: stim (Jul 30, 2008 6:33 pm)
#161 of 200 Re: Our 2008 QX56 [fpinho] by Car_man HOST Jul 25, 2008 (1:52 am)
Replying to: fpinho (Jul 12, 2008 8:23 pm) Congratulations on getting your new QX, fpinho. I'm glad that you like it so much. Thanks for taking the time to share the details with everyone. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new truck.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: johnnypart (Jul 25, 2008 12:34 pm) Car_man (Aug 01, 2008 2:07 am)
#162 of 200 if you have to get a big SUV by scottinky Jul 25, 2008 (2:29 am)
get the Armada over the QX, save $$$$$$$ not much difference between the two except the sticker price.
#163 of 200 Re: Our 2008 QX56 [Car_man] by johnnypart Jul 25, 2008 (12:34 pm)
Replying to: Car_man (Jul 25, 2008 1:52 am) I live in New York and I'm interested in leasing a QX56. My wife went to the showroom the other night and received a monthly lease number of $739.00. This was based on MSRP of $59,310.00, 16K miles year, 39 month term and $4,170.00 down. I'm new to trying to figure out what a realistic monthly number should be. Looking at the other posts here, this $739.00 and $4,170.00 out of pocket seems very high. Do all dealers offer a 24 month term (given the economy; gas mileage)?Can you give me what a "good deal" figure should be based on both 39 and 24 month terms with little down (say $2500.00 down)? What is the formula to calculate if I'm getting a good deal or not? Replies to this message: Car_man (Aug 01, 2008 2:07 am)
#164 of 200 Re: July Residual & MF Numbers [Car_man] by stim Jul 30, 2008 (6:33 pm)
Replying to: Car_man (Jul 25, 2008 1:49 am) In St. Louis got a different rate and residual for the QX56. Tier 0/1 credit = 60% residual and .00004 on the MF. Has about 20 on the lot and was willing to negociate. Has newpaper ad for list of 59100 and would sell for 48K. That discount doesn't apply to leases which you have to negociate down from list. Hopefully those numbers will hold up for a while so I can trim some $$ off the list.
#165 of 200 Re: Our 2008 QX56 [johnnypart] by Car_man HOST Aug 01, 2008 (2:07 am)
Replying to: johnnypart (Jul 25, 2008 12:34 pm) Hi johnnypart. The best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the truck that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor. Given how dead the market for large SUVs is right now, I suspect that you should be able to easily negotiate a selling price of fairly close to dealer invoice on an '08 QX56 right now. You can look up the exact dealer invoice price of the truck that you want by visiting the New Vehicle Pricing section of this site.   Once you have a selling price that you are comfortable with, have the dealer use Infiniti Financial Services' buy rate lease money factors of .00001 for 24 months, .00077 for 36 months, or .00098 for 39 months to calculate your monthly payment.   I see that the dealer that you are currently working with quoted you a lease with a large down payment. It is in your best interest to go with a zero down lease, even if it means that your monthly payment will be a little higher. Consumers who lake large capitalized cost reductions on leased vehicles risk losing part or all of them if their car or truck is totaled in an accident or stolen and never recovered.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#166 of 200 Lease #'s Question by calogero1 Aug 08, 2008 (11:15 am)
I live in PA/NJ (outside Philly) and I'm trying to lease a 2008 QX56 with DVD and Tech package ($59,310 MSRP), 15k miles/year. For 36 months the best quote I've been able to get is about $795/month with about $1000 due at signing or $735/month with about $3500 due at signing. For business purposes I need to keep the monthly payment below $740/month.   Before the rates went up in July, I had quotes of $735/month with $1000 due at signing. Do these new quotes REALLY reflect the new leasing rates or am I getting scammed??? Do these above deals seem good or am I able to push further (was hoping for no more than $2500 due at signing)???   I've been told the leasing rates are only going to get worse for September because car makers are trying to get away from leases. Is this true or just a salesman's scam?   Lastly, I thought I heard the 2009's are coming out shortly (September), is that true? Would I be better waiting for an '09 (or even dealing on an '08 once the '09's arrive)?   Thanks guys, I appreciate any info you can supply. By the way, this forum is AWESOME, thanks for your help! Replies to this message: stim (Aug 08, 2008 1:37 pm)
#167 of 200 Re: Lease #'s Question [calogero1] by stim Aug 08, 2008 (1:37 pm)
Replying to: calogero1 (Aug 08, 2008 11:15 am) In same situation - have a 6 month extension which started in July on my Volvo XC 90 V8 which I was paying an unheard amount of 349+tax for 24 months, - 1500 down. Looking at a QX56 fully loaded - actually have one in my garage for a day - love it - just a little big but if the numbers are good I'll live with it.   Consider this. The MF and residuals are pretty good for a 24 month lease - Tier 0/1 I got 60% and .00004 - payments would be about 640 plus tax and personal property (Missouri) with a selling price of 51K which I know they can do much better.   If the residuals drop on this thing even with the great money factor and a bigger discount if I wait the payments will actually rise significantly.   So does it make sense to wait until the end of the month or September since I have a cushion of time. I'm assuming the residual values will continue to drop. Is this a correct assumption?
#168 of 200 QX56 lease numbers by ab_vegas Aug 19, 2008 (7:57 pm)
I am not sure where some of you are getting your figures. Perhaps I am incorrect in my math, but I think I have the formula down.   I have queried and received the latest (August 2008) money factors and residuals on 24 and 36 months lease. 24 month residual - 60% and MF of .00001. 36 month residual of 50% and MF of .00077.   On a 24 month lease at a cap cost of $50K (is this possible? Edmunds shows a TMV in my area of $51,751), I am coming up with a TOTAL payment (including a 7.75% sales tax figure) of $898.78. On a 36 month lease with the same $50K cap cost, the payment is $810.49. Both residuals contemplate 15K annual miles on the lease.   I am in Las Vegas, but would travel to SoCal to pick up my QX56. Replies to this message: kyfdx (Aug 20, 2008 3:10 am)
#169 of 200 Re: QX56 lease numbers [ab_vegas] by kyfdx HOST Aug 20, 2008 (3:10 am)
Replying to: ab_vegas (Aug 19, 2008 7:57 pm) Are you multiplying the residual by the MSRP? You don't mention the MSRP in your post, is why I ask..   If you multiply the CAP cost by the residual percentage (a common mistake), then you will understate the residual and overstate the payment.   regards, kyfdx

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