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NFT: New Infiniti Lease Sense Check

Young Elijah : 6/26/2017 4:01 pm
Hi All- Have only lease a Honda Accord which I dont think I did great on so before I pull the trigger on a new Q50 I thought I would check here with some of the deal hunters and car experts. I am looking at 17 Q50 AWD Signature Edition (V6 Turbo, Navi etc) which MSRPs for about $42K but TrueCars for around $37.5K.

The deal I am looking to sign after a bit of negotiating is first month down ($330), $330 a month, for 39 months at 10K miles a year.

The basic calculations I have done indicate its a solid deal - but in the car business, I always feel like Im getting got (lol). If anyone with more experience can verify or reject this notion it would give me great comfort when signing.
Does the car have a high residual value?  
B in ALB : 6/26/2017 4:10 pm : link
And what is the money factor? That gets you most of the way to a good deal. If you're deciding between cars, it's helpful to compare the residual values of each and factor in the monthly payment. And a high residual most likely gets you a solid interest rate on the vehicle. Most dealers would love for you to purchase the car at the end of the term so they like the residual to be as accurate as possible.

On top of that, check on the various fees associated with the transaction. Some can be negotiated down a bit.
Can you stay under the 10k?  
superspynyg : 6/26/2017 4:12 pm : link
If so do it!!! If not then you will pay at end of lease.
Realize  
Jim in LA : 6/26/2017 4:34 pm : link
that in a 39 month lease you will be paying your vehicle's registration for the entire fourth year but will only be using the car (unless you are certain you will purchase it out of the lease) for the first quarter of that year.

On that car the fourth year registration would still be considerable.

When I lease, I want to sign only full year (always 36 month) leases.
RE: Realize  
superspynyg : 6/26/2017 4:40 pm : link
In comment 13511940 Jim in LA said:
Quote:
that in a 39 month lease you will be paying your vehicle's registration for the entire fourth year but will only be using the car (unless you are certain you will purchase it out of the lease) for the first quarter of that year.

On that car the fourth year registration would still be considerable.

When I lease, I want to sign only full year (always 36 month) leases.


Not if you trade it in in the 36 month. If you trade it in and get another veh eith with the same dealer or choose another car you do not gave to pY that registration.
RE: Can you stay under the 10k?  
AnnapolisMike : 6/26/2017 4:53 pm : link
In comment 13511918 superspynyg said:
Quote:
If so do it!!! If not then you will pay at end of lease.


So what. Your paying for the amount of the car you use. If you do a 10000 mile lease and only average 9000 miles/year, you have paid too much. You are better off cutting the dealer a check for excess miles at the end of the lease.
RE: RE: Realize  
Jim in Fairfax : 6/26/2017 4:54 pm : link
In comment 13511945 superspynyg said:
Quote:

Not if you trade it in in the 36 month. If you trade it in and get another veh eith with the same dealer or choose another car you do not gave to pY that registration.


Sure, but the dealer is rolling the cost of the three remaining months into your new lease. Which may be considerably more than whatever registration fees there are.
Dealers will also absorb your mileage overage  
UConn4523 : 6/26/2017 4:57 pm : link
within reason if you lease again. And if they won't another dealer will, these guys aren't going to lose out on another lease if you are over a few thousand miles ($500 give or take).
RE: RE: RE: Realize  
superspynyg : 6/26/2017 5:11 pm : link
In comment 13511964 Jim in Fairfax said:
Quote:
In comment 13511945 superspynyg said:


Quote:



Not if you trade it in in the 36 month. If you trade it in and get another veh eith with the same dealer or choose another car you do not gave to pY that registration.



Sure, but the dealer is rolling the cost of the three remaining months into your new lease. Which may be considerably more than whatever registration fees there are.


No you can negotiate that out.

My friend does it all the time.
You know how much you drive  
pjcas18 : 6/26/2017 5:28 pm : link
but I'd see the cost of upping the miles to 15k.

It will probably work out cheaper than writing a check to the dealer. Usually I think it's like .20 per mile (or more - I believe it's based on MSRP of the vehicle) over 10k and I work from home and drive 15k miles per year, not sure how much you drive.

And just 36 months of 15k miles (so 5k miles per year over the lease limit) per year would cost you $3,000 on vehicle turn in.

Sure, as people say you may find a dealer willing to eat that cost, but I'd rather have options and if they're giving you 3k there they're going to get it from somewhere else.

If a reference point helps  
vette222184 : 6/26/2017 5:58 pm : link
I'm paying $416 per month (incl nj taxes) for a 2015 Q50 Hybrid Sport (~$52k) for 39mo with 12k miles per year. Just first month down & the doc/registration. It was a great deal at the time but it will be nice to lower that monthly $ next March.
Just got a call from Acura  
superspynyg : 6/26/2017 6:17 pm : link
About getting out of my wife's current lease early (2015 Acura TLX) and into a new one. Willing to waive all remainder payments and forgive overage miles.

They want your continued business. They will work with you.

Too bad my wife now wants a Lexus SUV.
Sounds like a good deal. Infiniti has strong lease programs...  
Crispino : 6/26/2017 8:36 pm : link
and the car is awesome. A friend of mine has a Mercedes worth $20K more than my Q50 and said it compares favorably in every way. I've had several Infinitis over the years and they are terrific cars and good value. 10K on the mileage sounds risky, but that's just me projecting my own needs. Good luck!
Sit down son .... this is my area of expertise.  
short lease : 6/27/2017 3:05 am : link

uuhhh, get the blue one.





j/k - ; ) I don't no anything about car leases .... (or any other leases. I spelled leash wrong when I created my handle).

Good luck though .... serious.
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