2022 QX55 Luxe 39/10 $1K Down, $4K Trade, $400 per month, 9 MSD's

So here are my numbers for a QX55 lease in Florida. I traded in a 2018.5 QX30 Sport with three months left on lease. Given that the only way to get any equity out of an Infiniti lease is going through an Infiniti dealer, I was willing to roll the equity into a new lease. Some dealers were not willing to give me any equity for the lease trade in. For comparison purposes, I shopped car to Carvana, Vroom, ALGO, and GMTV. Vroom was lowest at no equity, ALGO was highest at $3,500 equity. That leads me to believe that the trade equity in this deal is really disguised discount (at least in part). See numbers below.

Year, Make, Model, and Trim: 2022 Infiniti QX55 Luxe
Region: Florida
MSRP: $48,795
Selling Price: $45,281
Monthly Payment: $402 ($430 w/ 7% tax)
Drive-Off Amount: $1,075 + $3,955 trade equity
MSD: $4,500
Months: 39
Annual Mileage: 10,000
MF: 0.00199 (0.00109 after MSDs)
Residual: 60%
Incentives: $1,475 lease cash, $1,000 loyalty
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If your only option was to get the equity through trade in, that monthly number looks decent.

That’s a lot of money upfront. $4600 towards a down payment? Ouch.

Well, you already signed so enjoy the car.

Enjoy but in the future always do the trade as a separate transaction from your new lease and never put that much down. If you total the car tomorrow that money is gone.

Signed deal or asking for feedback before signing?

Basically getting the car at invoice, not a bad deal at all in this market.

Yes, deal was signed. As for separating the trade from the deal, easier said than done. I was limited to Infiniti dealers. I could not find any dealer who wanted to cash me out of my trade without making another deal. On paper my trade allowance was better than offered through the typical online buying services. All things considered I’m comfortable with the deal.

That’s all that matters.

This “equity” had no cash value. So essentially it only existed on the Infiniti lease contract.