Hello all:
This is my first post here and my first ever attempt at leasing a vehicle. I have had many new vehicles in the past but all were done with loans - this site is awesome for researching out info about leasing!
I am looking at an Infiniti QX50 with the following details - I have trying to make sure I had everything I needed from the dealer to know if this is in fact a decent deal - this is what they gave me:
**MSRP is 39845 - 4075.09 discount = sale price of 35770.00. Your residual value at 10000 miles per year is.53 percent =21117.85 at lease end at 12000 miles residual drops to.52 percent or 20719. 00 **
39 months
$3999 down (includes first payment, 8% sales tax, DMV, $700 bank fee)
10,000 miles per year $339 per month
12,000 miles per year $349 per month
Money factor is .00003 which equates to about $65 in interest over the entire 39 month term. Almost interest free!
Thanks so much for any help you can give me as I try to figure out this leasing thing!
John