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Lease a 2014 Infiniti Q 50 AWD 299.99 For 24 Month NY Tax Included + $0 Down

jmuscle 586 October 13, 2013 at 10:02 AM in Autos (2)
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I just got this deal and I wanted to share it

It might be only in NY

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Last Edited by kubel November 7, 2013 at 04:58 PM
From http://infinitig37.com/infiniti-m...anges.html about the new model numbers used by Infiniti.

Q70 = formerly M series
Q60 = formerly G 2-door series
Q50 = formerly G 4-door sedan series

QX80 = formerly QX series
QX70 = formerly FX series
QX60 = formerly JX series
QX50 = formerly EX series

Quote from Phasers View Post :
These posts make me shake my head.

Lease advantages:
  1. Depreciation is a known factor, and is stated up front, in your contract, and is termed "Residual Value".
    Think of this like setting a trade-in value 3 years in advance, in a contract, when you purchase the car.

  2. Depreciation risk is offloaded to someone else (the bank) on a lease.
    This means that no matter how many accidents you get in or how many times some idiot rear ends you, all things that affect the value of a vehicle, that your residual value cannot change as long as you fix the car.

  3. Leasing should have lower monthly payments unless you don't know how to negotiate a lease.
    Example: I lease a car with a sales price of 90% of MSRP. Residual Value is set at 63% of MSRP. My payments over the lease period, 3 years in this example, are only the 27% difference between sales price and residual. Compare that to a traditional 5 year loan, where you would be 3/5 through paying off the full 90% of MSRP and probably would have paid 50-57% of the sales price, resulting in higher payments.

  4. Can be CHEAPER to lease and then buy rather than buy outright.
    See #1,2 and 3. At the end of the lease period, there are 3 possible scenarios. Continuing with my example from #3, with a 63% residual value, let's examine the scenarios:

    1. Car is worth exactly the residual value stated in your contract.
      In scenario A, your car is worth exactly the same 63%. Great, the bank must have been psychic when setting the residual value. You can walk away owing nothing (like all leases), or you can purchase it at the residual value, and pay the remaining 63%. Keep in mind you've been paying lower payments for the last 3 years, so time value of money factors in.
    2. Car is worth less than the residual value stated in the contract.
      In scenario B, your car is worth less than the 63%. This is the most likely outcome if you negotiated a good lease with an artificially high residual value (usually used to clear out inventory). Again, you have options. You can walk away or you can buy the car for the residual value. But wait! You also have a third option- you can negotiate to turn the car in and buy it back for its true value of less than 63% of MSRP. If the true value is 55% of MSRP, well you just saved another 8% vs just purchasing it to start didn't you? Also, this scenario can occur in the case of a minor accident ruining the carfax report. Note: NMAC does *not* negotiate lease buyouts.
    3. Car is worth more than the residual value stated in the contract.
      Finally in scenario C, you have the usual two options of waking away or buying at 63% residual. Now somehow the used car market is insanely good and the car is truly worth 68%. Well even if you don't want the car anymore, you can buy it for the 63% and immediately sell it for more and walk away with a check for equity



    Note: Yes, I realize that it is still purchasing a new car, but that is what some people want, so don't turn this into a buy new vs buy used argument because that is not the point of this post.

Yes there are some disadvantages to leasing as well, namely that the amortization schedule is much slower due to the reduced payments and if you want to get out of the lease early, usually you'll be upside down in terms of true value to the car. Also, depending on your state, there is double taxation that occurs if you buy the car again at the end of the lease. And finally, of course, the mileage limits.


Final note: NEVER, EVER, EVER put a down payment on a lease. The only thing you should pay upfront is the first month's payment. Everything else should be rolled in to the lease payment. The reason for this is if you total the car, GAP insurance will cover the remaining balance on the lease, but you will still lose your down payment. This means if you are t-boned leaving the dealership parking lot and the car is totaled, YOU WILL LOSE YOUR DOWN PAYMENT.

719 Comments

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#3
Lease
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#4
Nice lease
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#5
rent a car for 24 months at $300/month.
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#6
Quote from Interface View Post :
rent a car for 24 months at $300/month.
EDIT: Removed because people can't recognize obvious sarcasm, and feel the need to tell me that are indeed cars older than 5 years old driving in NY. I have been schooled.
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#7
Quote from Interface View Post :
rent a car for 24 months at $300/month.
clueless
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#8
It's good for a lease deal... Especially with nothing down

But what's the miles per year allowed ?
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#9
Quote from Interface View Post :
rent a car for 24 months at $300/month.
Some people like to have a new car every 2-3 years. If you trade in a purchase after 2-3 years, it's not a smart thing to do. Not to mention a lot of car companies are offering free maintenance with leases these days, at least in California.
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#10
When you figure in the auto insurance cost for full coverage here in NYC, you'll be close to paying ~$650 a month unless you live in Manhattan or Staten Island where car insurance is significantly cheaper. If you figure in the bank fee, DMV and local tax (this deal only includes state tax), $3,000 due at signing, and regular maintenance, you'll be paying more than $1000 per month. And don't forget mileage is capped at 10k per year. Would you be willing to pay $12000 a year to drive an Infinity for 10000 miles ($1.2/mile not including gas)?

Average annual cost for full coverage insurance in Brooklyn and Bronx is close to $4k, a little lower in Queens and about 50% lower in Manhattan or Staten Island.

To throw in a comparison, you can rent a car from Hertz for about $600 a month at off airport locations close to NYC.

It rarely makes any economic sense to lease a car in NYC.
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#11
Quote from hunnii View Post :
When you figure in the auto insurance cost for full coverage here in NYC, you'll be close to paying ~$650 a month unless you live in Manhattan or Staten Island. If you figure in the bank fee, DMV and local tax, $3,000 due at signing, and regular maintenance, you'll be paying more than $1000 per month. And don't forget mileage is capped at 10k per year. You'll be better off renting a car for that kind of money. Would you be willing to pay $12000 a year to drive an Infinity for 10000 miles ($1.2/mile not including gas)?

Average annual cost for full coverage insurance in Brooklyn and Bronx is close to $4k, a little lower in Queens and about 50% lower in Manhattan or Staten Island.

To throw in a comparison, you can rent a car from Hertz for about $600 a month at off airport locations close to NYC.

It rarely makes any economic sense to lease a car in NYC.
This logic does not make sense. Don't you have to pay for insurance and gas regardless what car you drive ? These are given.
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#12
sure, lease a base model wanna be luxury 4 door boring sedan. set that money on fire, nissan thanks you.
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#13
nice deal op
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http://macgeekworld.com
183 Reputation
#14
Quote from hunnii View Post :
When you figure in the auto insurance cost for full coverage here in NYC, you'll be close to paying ~$650 a month unless you live in Manhattan or Staten Island. If you figure in the bank fee, DMV and local tax, $3,000 due at signing, and regular maintenance, you'll be paying more than $1000 per month. And don't forget mileage is capped at 10k per year. You'll be better off renting a car for that kind of money. Would you be willing to pay $12000 a year to drive an Infinity for 10000 miles ($1.2/mile not including gas)?

Average annual cost for full coverage insurance in Brooklyn and Bronx is close to $4k, a little lower in Queens and about 50% lower in Manhattan or Staten Island.

To throw in a comparison, you can rent a car from Hertz for about $600 a month at off airport locations close to NYC.

It rarely makes any economic sense to lease a car in NYC.

I would love to hear your explanation on how it makes sense to own a car in NYC ? Specially a $40K car like this. Please do tell.
Reply Helpful Comment? 0 0
#15
Quote from hunnii View Post :
When you figure in the auto insurance cost for full coverage here in NYC, you'll be close to paying ~$650 a month unless you live in Manhattan or Staten Island where car insurance is significantly cheaper. If you figure in the bank fee, DMV and local tax (this deal only includes state tax), $3,000 due at signing, and regular maintenance, you'll be paying more than $1000 per month. And don't forget mileage is capped at 10k per year. Would you be willing to pay $12000 a year to drive an Infinity for 10000 miles ($1.2/mile not including gas)?

Average annual cost for full coverage insurance in Brooklyn and Bronx is close to $4k, a little lower in Queens and about 50% lower in Manhattan or Staten Island.

To throw in a comparison, you can rent a car from Hertz for about $600 a month at off airport locations close to NYC.

It rarely makes any economic sense to lease a car in NYC.
Do you live in Manhattan? I lived there for 4 years. 2008-2012. I owned 2 cars and leased 1 car. I had a $1million policy, my monthly payment on a 2011 BMW 135 was $85/month. So... Your assumption of Manhattan being $2k/year is false.

And... this is a really good deal. I used a leasing company like this for my BMW. The easiest non-hassle car process I've EVER done.
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