Loyalty doesn't reduce sale price, it's a cap reduction so if thats what they told you it doesnt make sense... did you take delivery yet?
Thats a good deal then.. whered you get the car from?By selling price I meant Net CAP cost. Which ever way its calculated. I did pay tax on loyalty though so maybe that is why they write the selling price as 38841 and than deduct 1K for loyalty to come at the above net cap cost like you said.
I finalized the deal on 09/30 at 7:00 PM and took the delivery on 10/05. They didn't take any deposit from me even though I insisted they do it but they came true to their word on delivery. When I went to take the delivery I was not entirely sure I will be driving the car home that day having heard all horrible stories of last minute surprises but to my surprise everything went well.
Its a Chestnut Bronze with Wheat interior.
I like everything apart from RFT which give a distinct feel on steering in any sharp corners which I don't like but I have hardly driven the car for 50 miles.
I like everything apart from RFT which give a distinct feel on steering in any sharp corners which I don't like but I have hardly driven the car for 50 miles.
I want to say thanks to all forum members for posting their buying experiences and in general everything about the car.
I am a long time Infiniti owner with a 2003 G35 and was looking to get another G37x as Q50 numbers for about two months after launch were crazy high but finally they have come down.
I leased a Q50 with AWD and premium with Spare tire and All weather mat package with Zero down apart from tax, Bank fees, DMV, $75 doc fee, tire fee and 1st payment. This is in NY metro area and I am resident of NY state.
MSRP - 42685
Invoice - 39841
Selling price - 37841 (2K below invoice with 1K for loyalty)
Term - 39 months at 12K a year
MF - 0.00124
Residual - 63%
Monthly - 361.02
Total drive out with 1st month 2691.
That's below "factory invoice" (according to truecar.com), so I'd say that is a good deal.Being quoted 47,900 for a Q50s with nav/tech/touring/spare tire. MSRP 52,900. Can't find good info on invoice pricing. Is this a good deal?
Invoice on that car is $48,755. There is a $1,000 dealer cash on the cars right now, so it is a very fair deal.
I have had several people ask me about the -$2k below invoice on this Q50. So I thought I would carify this confustion.
I have reversed engineered the deal from the numbers provided and it was actually an invoice deal, not below invoice.
The reason the "net cap" or adjusted cap was -$2k below invoice was due to the $1000 loyalty and the cap reduction or down payment this customer made. $2691 drive off plus $1000 loyalty is basically a $2000 down payment. Total drives on this car at the deal he got is roughly $1700, so $2691 drive off + $1000 loyalty - $1700 drives = $2000 down payment. This is why the net cap was reduced down to -$2k below invoice. So basically the car was sold at invoice and the customer paid a $2k down payment to bring the net cost of the car down to $2k below invoice.