2017 Infiniti Q60 with a MSRP of $56,755. I am being quoted $630/month (includes 10% local tax) with 4k down and a 51% residual. Any help would be greatly appreciated. Thanks
Can you provide more data for us? We need to know the terms (39mo, 10/12/15k mi/yr, etc), selling price, driveoffs/downpayment, etc.
Yes, sorry. The lease is for 39 months; 10,000 miles; selling price is $52,264, down payment is $4,000.
I do not know what the term “driveroffs” means.
As I said earlier, any guidance il appreciated.
Most people on here will probably tell you that’s way to high. Try not to put any money down as a “down payment” and I would aim for $9k-10k off msrp. Good luck and remember to shop other dealers
Thank you. So far, I have three dealers competing
Is this for a red sport model?
No, A 3.0 Premium Plus with some options: Driver’s assist, Adaptive steering, Technology package, Dark maple wood, trim, Leather seating package, Cargo package & Illuminated kick plates
“Drive offs” means the the amount of cash the buyer will put down while collecting the vehicle. This typically includes first month payment, dealership fees and taxes. It also includes any down payment. Understand the vehicle is new for the 2017 model year so might not have much discounts off the MSRP. You are getting ~8% off the MSRP. Try to aim for more…obviously the higher the discount the better it will be for you. A quick search on Edmunds forum will get you the Tier 1 MF (get interest rate by multiplying this figure by 2400) and the residual value at 39 months. Ask in that forum if it is different for your state. I saw MF of 0.00003 and 50% at 39 months for Illinois. Infiniti might have the same figures for your state. Ask the dealer about all documentation fees and extras that they will add on the selling price. Come back to the Leasehackr calculator and put the figures in, including the 10 tax for your state. Look at the drive off figures, the monthly payment and the Leasehackr score. It should give you an idea of what it is, compared to what the dealer is giving you. Keeping license & registration fee at $400 and dealer documentation fee at the standard $80, I am getting $583 a month with $5471 drive offs. Even with $4000 total drive offs, I am getting $622 a month. This is a very average/ ordinary deal IMO. Try and stick to $0 down payment and monthly payment of less than 1% of the MSRP.
It’s not even a red sport? Run away from that car at that payment.
Run.
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