2017 Infiniti QX60
Premium Plus package w/ drivers assistance.
MSRP: 52,890
Months: [39]
Annual Mileage: [15,000]
Total Due At Signing: $2895.67
Monthly Payment (incl. tax): [435
Zip Code::11780
Is this a good deal? I have been back and forth with different dealers and so far this is the lowest I received. What are your professional thoughts—can I do better? Thanks for all the help!
is there a cap cost reduction in the signing figure?
Looks like a great price, based upon the hacking I’ve done on that model. If you were willing to pay another $3500 in MSDs you could drive that monthly down to the $360 range.
I would guess since your are in NY much of that 2895.67 is taxes.
What MF/Residual did they quote you for a 39/15?
What is the selling price?
You know whats funny is that I asked what the sale price of the vehicle was and he gave me some BS answer like it doesn’t really matter–all that counts is your out of pocket and monthly. I guess that is true, no? Forgive my ignorance but what is a MSD? I have always thought that putting additional $ down on a lease isn’t a good idea, even though it would be nice to have a lower monthly. Is that logic correct? If I were to put money down how would that benefit me other than having a lower monthly? Thanks for the info/education
In the lease world, MSD is multiple security deposit. Its a way to buy down the interest rate on the lease by paying them a REFUNDABLE security deposit. You get the money back when you turn the vehicle in. The LeaseHackr calculator accomodates it well. You can try your figures in there and see the impact of buying the rate down from 2.47% (0.00103) to 0.31% (0.00013).
Interesting, and thank you. Isn’t that the equivalent of giving them an interest free loan? I think my money is better off in my pocket.
You have to think of the interest you are saving.
And, how that interest is really a ROI on your MSD.
As others have said, look at it as you are giving them 3500-4000 up front. Every month they are giving you a $60-70 discount on interest/monthly payment. So at the end of 3 years they have given you $2500 in discounts on interest. And oh by the way, they then give you your deposit back when you turn vehicle in. There really isn’t a better guaranteed return on money anywhere.
OP is in NY and if he’s buying from a dealer in NY, he can’t take advantage of MSDs.
If he’s from NY he can’t take advantage of MSDs. Infiniti specific
Can you give me some tips for the qx60 for IL? I can possibly also apply vpp from infiniti as a business associate.