Evaluate my deal QX 50 Essential (NY)-- Yes its after the fact

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1

Evaluate my deal INFINITI QX50 Essential (NY)-- How did i do…Gotta know as i am trying to figure out 2 more car lease in my household (Possible Toyota and Nissan)

Make Infiniti
Model - 2019 QX50 Essential
MSRP- 49850/
Packages included- Premium Heat, Premium Sound, Kick Plates, Splash Guard & ProASSIST
Sales on paper- 41398/
Monthly -353.27
Due at signing- First month, Tax, DMV (new NY plates), Bank Fee, Acq fee and god knows what- total- 2664/
MF-.000039
RV- 56%

On signing i wanted to do a Car trade-in for which they offered (better than vroom/carvana) of - $ 3200/

I am sure here is where my inexperience shine-- Finance guy said this cant be put in towards lowering the sales price & i should use it towards due on sign amount i.e. 2664/ and rest 537 would be subdivided in 39 payments.

Although first month is already charged as 353/ but he pushed that his system/application doesnt allow to put in 38 and has to be divided by 39 ( i know he charged overall $39/ extra) –

Even with that Making my monthly for remaining 38 months to be 318/
First out of pocket is Car worth 3200

Let me know where else i botched or need to learn??

2

Focus on that instead of dissecting deals after the fact.

Post those quotes here before signing anything

1 Like
3

This 100%. This is done and can’t be reversed. If someone tells you it is awful you will gate yourself the entire lease term

4

Question is more towards how to ask/play when trade in situation comes through, wasn’t prepared for that. Needed to know what are if any benefit of using that amount as down versus using it towards any payment (upfront etc)?

5

Well #1 never put your trade equity towards your lease. It’s basically a down payment. Just get a check for it instead.

6

Yup, I am on the happy side of the deal, trying to learn how to manage with trade-in situation with leases