Sold back my 2018 Q50 Red Sport with a month remaining on the lease and was able to sign this deal below:
Year, Make, Model, and Trim: 2021 Infiniti Q60 Red Sport
MSRP: $64,715
Selling Price: 57,513 (11%)
Monthly Payment: $564.15
Drive-Off Amount: $ 564.15 (First Month)
Months: 39
Annual Mileage: 10,000
MF: 0.00010
Residual: 52%
Security Deposit: $5,850 (9 - max)
Incentives: $2,000 (Loyalty), $2,613 (Equity on returning lease)
Region: East
Nice car!
I would edit your post to make effective monthly payment without equity. This is the result of a net positive lease return and not an incentive/rebate.
It’s hard to categorize this equity (on a vehicle that can’t be sold to anyone except their captive dealers) exactly the same as cash.
It’s like a coupon that’s only from one store and only good for that store. Maybe there’s a better analogy.
Yes, the OP could have taken a check for the equity in this particular instance, but the dealer could also have structured the same payment with a lower selling price and no equity (the profit margin on one car goes up exactly the same as the loss on the other).
Congrats @Gnyce
Positive equity on an Infiniti Q50? Wow this market really is crazy.
Nice car! They’re quite fast
Where did you sell the 2018?
The dealer he/she got this from
Yeah I see now, sorry just saw return equity #.
Yes and no. You can sell to another dealer, which may not be Infiniti, as long as that chain/family of dealerships has an Infiniti location.
Can you expand on this? Only one I can think of is Autonation Nissan or Infiniti. Any easy way to find affiliations?
No, there is no easy way that I am aware of. You’ll just have to do internet searches. Some of the dealer website will display all of their locations, while some do not.
