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?
Got Q50 Premium AWD for 2K below invoice
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 - 38841
Loyalty - 1000 Incentive from IFS
Net CAP Cost (Selling Price) - 37841
Term - 39 months at 12K miles a year
MF - 0.00124
Residual - 63%
Monthly - 361.02
Total drive out with 1st month 2695.36. Breakdown for the drive out is below.
Acquisition Fee - 700.00
Tax on Acquisition fee - 58.63
Sales tax paid in Advance - 1179.18 (NY sale tax is 8.375%)
Tax on Loyalty - 83.75
Doc Fee - 75.00
Tax on Doc Fee - 6.28
NY tire Fee - 12.50
Registration fee. New Plate- 219.00
1st month payment - 361.02
Total Drive off including 1st month's payment $2695.36.
If you have any questions feel free to ask them and I will try answering them.
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 - 38841
Loyalty - 1000 Incentive from IFS
Net CAP Cost (Selling Price) - 37841
Term - 39 months at 12K miles a year
MF - 0.00124
Residual - 63%
Monthly - 361.02
Total drive out with 1st month 2695.36. Breakdown for the drive out is below.
Acquisition Fee - 700.00
Tax on Acquisition fee - 58.63
Sales tax paid in Advance - 1179.18 (NY sale tax is 8.375%)
Tax on Loyalty - 83.75
Doc Fee - 75.00
Tax on Doc Fee - 6.28
NY tire Fee - 12.50
Registration fee. New Plate- 219.00
1st month payment - 361.02
Total Drive off including 1st month's payment $2695.36.
If you have any questions feel free to ask them and I will try answering them.
1 - 20 of 24 Posts
Looks like OOP includes $1000 for cap reduction and the loyalty $1000 so you maybe got invoice and maybe the dealer 'sold' you on the fact that you got invoice minus $2000???
Still - even at invoice, that's a great deal.
Do you have the 'selling price' and the capital cost reduction broken out that you can post?
I could be wronging this so take it FWIW.
Either way, nice payment!
Still - even at invoice, that's a great deal.
Do you have the 'selling price' and the capital cost reduction broken out that you can post?
I could be wronging this so take it FWIW.
Either way, nice payment!
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 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.
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.
Can you try to disable "Active Trace Control"? I wonder if it help on the RFT when you do a sharp cornering. I got it turn off on my non-RFT and I am loving it. It felt more natural and you can take off much faster after you do a sharp cornering.
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.
He has the hydraulic steering.
Thanks Infinitiplusone.
I have now disabled the Active Trace Control which is nothing but brake assist which applies brakes to individual wheels depending on the cornering speed and some other factors.
I will report back once I drive it little more and evaluate it compared to my RWD G35 which i have driven for last 100K odd.
I have now disabled the Active Trace Control which is nothing but brake assist which applies brakes to individual wheels depending on the cornering speed and some other factors.
I will report back once I drive it little more and evaluate it compared to my RWD G35 which i have driven for last 100K odd.
I got mine a few days ago at near invoice as well...
The problem of vibration has not gone totally yet. The tire pressure was showing 39 PSI once they warmed up and I decreased it to 35 PSI and that has helped a bit on straight line vibration around 70 MPH but I still get the distinct feeling on the steering wheel when cornering on ramps around 50 MPH.
I have opened a new thread in the tire section as this is not the right place to continue it.
I will update that thread going forward for this issue.
I have opened a new thread in the tire section as this is not the right place to continue it.
I will update that thread going forward for this issue.
If someone can match this deal in Cali, I will be at your dealership in a heartbeat!
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.
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?
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?
Where are you located?
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.
Thanks!
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.
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.
ejhyun's post is exactly why people should NOT believe the deals that others post on the interwebs. I can't tell you how many times I've had to spend hours with clients explaining dissecting the "deal" their friend/brother/coworker alleges they got and explaining why I'm giving them a better deal, even if they're paying more (different car, different credit rating, different down payment, different financing, different tax rate, different miles on lease, etc.).
Read what people post here with a healthy grain of salt and then go make the best deal you can. Be happy with that deal. Don't come back on here and beat yourself up thinking that you got ripped off and could have saved $2000 if only you'd bargained harder/longer or driven 500 miles or called 16 other dealers.
Read what people post here with a healthy grain of salt and then go make the best deal you can. Be happy with that deal. Don't come back on here and beat yourself up thinking that you got ripped off and could have saved $2000 if only you'd bargained harder/longer or driven 500 miles or called 16 other dealers.
Thanks guys (ejhyun and Sinecure) for confirming. My salesman just quoted me $1000 below invoice + $1000 loyalty on a Q50 S nav/deluxe which placed my monthly under $500 a month and my total out of pocket under $1000. I'll post my final numbers when I actually get the car.
In my opinion, I think right now $1000 below invoice + $1000 loyalty is "as good as it gets". I'm happy with this, and will most likely pick up the car this weekend.
In my opinion, I think right now $1000 below invoice + $1000 loyalty is "as good as it gets". I'm happy with this, and will most likely pick up the car this weekend.
Complete Breakdown of my Drive off Amount without any down payment.
Thanks for trying to reverse engineer the deal and NO its not just an invoice deal. It is 1K below invoice and another 1K was from loyalty as posted in my original post.
Infiniti Q50 AWD Premium with Spare tire and All Weather Mats.
MSRP - 42685
Invoice - 39841
Selling price - 38841
Loyalty - 1000 Incentive from IFS
Net CAP Cost (Selling Price) - 37841
Term - 39 months at 12K miles a year
MF - 0.00124
Residual - 63%
Monthly - 361.02
Total drive out with 1st month 2695.36. Breakdown for the drive out is below
Acquisition Fee - 700.00
Tax on Acquisition fee - 58.63
Sales tax paid in Advance - 1179.18 (NY sale tax is 8.375%)
Tax on Loyalty - 83.75
Doc Fee - 75.00
Tax on Doc Fee - 6.28
NY tire Fee - 12.50
Registration fee. New Plate- 219.00
1st month payment - 361.02
Total Drive off including 1st month's payment $2695.36
Apart from above the dealer gave me Wheel locks and a full tank of gas which more than offset the Doc fee which I was not too keen on paying.
If anyone still has any questions about above numbers feel free to ask here and I will definitely answer any questions you might have.
I am also updating this detailed info on the 1st post so if someone new reads this thread later they don't need to dig through all the posts.
HN.
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.
Thanks for trying to reverse engineer the deal and NO its not just an invoice deal. It is 1K below invoice and another 1K was from loyalty as posted in my original post.
Infiniti Q50 AWD Premium with Spare tire and All Weather Mats.
MSRP - 42685
Invoice - 39841
Selling price - 38841
Loyalty - 1000 Incentive from IFS
Net CAP Cost (Selling Price) - 37841
Term - 39 months at 12K miles a year
MF - 0.00124
Residual - 63%
Monthly - 361.02
Total drive out with 1st month 2695.36. Breakdown for the drive out is below
Acquisition Fee - 700.00
Tax on Acquisition fee - 58.63
Sales tax paid in Advance - 1179.18 (NY sale tax is 8.375%)
Tax on Loyalty - 83.75
Doc Fee - 75.00
Tax on Doc Fee - 6.28
NY tire Fee - 12.50
Registration fee. New Plate- 219.00
1st month payment - 361.02
Total Drive off including 1st month's payment $2695.36
Apart from above the dealer gave me Wheel locks and a full tank of gas which more than offset the Doc fee which I was not too keen on paying.
If anyone still has any questions about above numbers feel free to ask here and I will definitely answer any questions you might have.
I am also updating this detailed info on the 1st post so if someone new reads this thread later they don't need to dig through all the posts.
HN.
1 - 20 of 24 Posts
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