[infiq50]

This a quote a dealership gave for an Infiniti Q50 with premium package, navigation system, and spare tire option. I added insurance for vehicle theft and wheel and tire, and also a maintenance contract for oil and filter. The dealership also gave $3,250 of loyalty incentive for renewing my lease.

What do you guys think about this offer?

 

[SimpsonTide985]

Hmmm, never seen that Vehicle Theft Protection before. Rough neighborhood? Does it mean it has a low-jack on it or something?

 

[infiq50]

Hmmm, never seen that Vehicle Theft Protection before. Rough neighborhood? Does it mean it has a low-jack on it or something?

This insurance gives you $2,000 in case your car is stolen.

 

[andrew]

1) My doc fee was $80 in California. This probably varies by state, but see if that is set in stone where you are. Yours is $700.

2) You may not need wheel and tire protection with the 17 inch rims. Unless your prone to bumping curves when making right hand turns or parallel parking, then by all means probably get it. You may want to see what it costs as well to get a rim fixed. I thought it was around $100 - $200 for road rash scrape to get it repaired. Probably cheaper than infiniti insurance.

3) If your dealer allows multiple security deposits, maybe look into that. My money rate with MSD's was around .00025. And people on these forums have shown even cheaper than that.
If I'm doing my math right, on your lease your total rent charge at that money rate for 39 months would be $633.75 (vs $2670)

 

[infiq50]

1) My doc fee was $80 in California. This probably varies by state, but see if that is set in stone where you are. Yours is $700.

2) You may not need wheel and tire protection with the 17 inch rims. Unless your prone to bumping curves when making right hand turns or parallel parking, then by all means probably get it. You may want to see what it costs as well to get a rim fixed. I thought it was around $100 - $200 for road rash scrape to get it repaired. Probably cheaper than infiniti insurance.

3) If your dealer allows multiple security deposits, maybe look into that. My money rate with MSD's was around .00025. And people on these forums have shown even cheaper than that.
If I'm doing my math right, on your lease your total rent charge at that money rate for 39 months would be $633.75 (vs $2670)

The dealership told me that the doc fee is pure profit for them, so I guess it doesn't matter what is your state (I am in Miami, FL). I am thinking about removing the tire and wheel protection as well since it doesn't make sense based on what you are explaining here.

In regards to the rent charge, not sure how you calculated the $633.75. I thought the money factor is calculated by dividing the rent charge by the sum of the adjusted capitalized cost and the residual value = 2,670 / (30,770 + 26,074) = .04056. In this case it still seems to be high.

 

[andrew]

I thought it was (adjusted cap cost + residual value) * money factor.
I might be wrong about that.
For you that comes out to roughly $65,000 * money factor
I just put in the money factor I got. $65000 * .00025 = $16.25 a month
I pay $19 a month on rent. No joke.


[edit] I think your money factor is around .00105 or so.
(65,000 * .00105) * 39 = 2661.
I'm just doing rough rounded math so it isn't 100% exact.

 

[infiq50]

I thought it was (adjusted cap cost + residual value) * money factor.
I might be wrong about that.
For you that comes out to roughly $65,000 * money factor
I just put in the money factor I got. $65000 * .00025 = $16.25 a month
I pay $19 a month on rent. No joke.


[edit] I think your money factor is around .00105 or so.
(65,000 * .00105) * 39 = 2661.
I'm just doing rough rounded math so it isn't 100% exact.

Yes, my money factor is .00104 to be exact. So I guess the $2,661 rent charge seems reasonable then?

 

[andrew]

Yes, my money factor is .00104 to be exact. So I guess the $2,661 rent charge seems reasonable then?

It's better than mine.
Mine was .00124 without Multiple Security Deposits.

And ye otherwise it seems about right overall in terms of the rent charge.

 

[infiq50]

It's better than mine.
Mine was .00124 without Multiple Security Deposits.

And ye otherwise it seems about right overall in terms of the rent charge.

Thank you!

 

[netzaper]

Sounds like you are paying a lot to me.

I just got the Q50 premium AWD with nav, touring, tech and 19" wheels for $399 a month with $0 down other than first month and DMV fees.

my dealer gave me a special deal, but he said it would normally be $489 with the same $0 down.

24 month lease, 10k miles per yr

 

[infiq50]

Sounds like you are paying a lot to me.

I just got the Q50 premium AWD with nav, touring, tech and 19" wheels for $399 a month with $0 down other than first month and DMV fees.

my dealer gave me a special deal, but he said it would normally be $489 with the same $0 down.

24 month lease, 10k miles per yr

What is the price of the car? I believe that is a top of the line Q50 with all the packages, which could be around $50,000. Also, not sure if you are taking into consideration all the fees, taxes, and insurance.

 

[netzaper]

What is the price of the car? I believe that is a top of the line Q50 with all the packages, which could be around $50,000. Also, not sure if you are taking into consideration all the fees, taxes, and insurance.

MSRP was $52,155. I included all fees and taxes.

I paid first month and $85 DMV upfront, nothing else. monthly payment is $410 because I added tire protection for $10 a month.

 

[infiq50]

MSRP was $52,155. I included all fees and taxes.

I paid first month and $85 DMV upfront, nothing else. monthly payment is $410 because I added tire protection for $10 a month.

Sounds like an excellent deal to pay $410 monthly for a $52,155 car. It seems they gave you a huge discount on the MSRP.