Automotive

2018 Infiniti Q50 Red Sport - 48 Month Lease - $650/month including taxes

  • Last Updated:
  • Aug 24th, 2018 10:49 am
[OP]
Jr. Member
Mar 26, 2004
106 posts
2 upvotes
Toronto

2018 Infiniti Q50 Red Sport - 48 Month Lease - $650/month including taxes

Thinking of leasing a 2018 Infiniti Q50 Red Sport and have managed to negotiate the following deal.

Is this a good deal or can I do better?

I have gotten some advice from RFD members and it has been helpful, so kudos to those members.

Any comments would be helpful.

Details:

2018 Infiniti Q50 Red Sport AWD - Base MSRP $52,695
+ Sensory ProASSIST option - $2,000
+ Metallic Paint - $650
+ Freight & PDI - $2,045
+ A/C Tax, Tire Levy, OMVIC Fee - $127.75

Total Before Manufacturer Incentives and Dealership Discount - $57,517.75

Infiniti Lease Incentive - $3,740
Dealership Discount - $4,950 (my estimate working backwards from the lease payment but I could be incorrect)

Total Discount - $8,690

48 Months

16,000 KM

Interest Rate - 1.99%

Residual - $24,103.80 (42%)

Down Payment $0

Up Front Costs

1st Month Payment + PPSA + Admin Fee of $399
29 replies
Member
Mar 16, 2004
431 posts
3 upvotes
That's quite good. Which dealer if you don't mind me asking as I'm considering this same vehicle. Pm if you want
Deal Addict
User avatar
Jan 10, 2004
3375 posts
836 upvotes
Edmonton
What was the actual sale price of the vehicle? Or I'm guessing from your calculation that isnt disclosed clearly on a lease?

There's a $6000 cash discount I think still, so we were considering one if the dealer can also throw in a decent discount.
Deal Addict
Mar 22, 2010
1834 posts
296 upvotes
Total discount of $8,690 seems pretty good. I don't know how more you could squeeze out of your dealer (maybe tinting) but this is good deal. Let us know which dealer. Considering QX30.
Deal Expert
User avatar
May 10, 2005
30830 posts
5680 upvotes
Ottawa
Fuddi wrote:
Jun 13th, 2018 7:00 pm
Thinking of leasing a 2018 Infiniti Q50 Red Sport and have managed to negotiate the following deal.

Is this a good deal or can I do better?

I have gotten some advice from RFD members and it has been helpful, so kudos to those members.

Any comments would be helpful.

Details:

2018 Infiniti Q50 Red Sport AWD - Base MSRP $52,695
+ Sensory ProASSIST option - $2,000
+ Metallic Paint - $650
+ Freight & PDI - $2,045
+ A/C Tax, Tire Levy, OMVIC Fee - $127.75

Total Before Manufacturer Incentives and Dealership Discount - $57,517.75

Infiniti Lease Incentive - $3,740
Dealership Discount - $4,950 (my estimate working backwards from the lease payment but I could be incorrect)

Total Discount - $8,690

48 Months

16,000 KM

Interest Rate - 1.99%

Residual - $24,103.80 (42%)

Down Payment $0

Up Front Costs

1st Month Payment + PPSA + Admin Fee of $399
That is 16,000 kms per year right? 64,000 kms total at end of 48 months?
In the 21st Century deleting history has become far more important than making it. Anonymous
Deal Addict
Sep 1, 2004
1721 posts
819 upvotes
Pete_Coach wrote:
Jun 19th, 2018 12:02 pm
That is 16,000 kms per year right? 64,000 kms total at end of 48 months?
It better be, because that quite low. Almost a 2nd car only low.

And the fact that a 42% residual with that low of mileage is telling you that Infiniti ain't clearing these without cash on the hood. Typical year end residual is 50% from the Germans with 20K/year.

That said, this is a good deal. Not the best deal I have heard but pretty good.

EDIT: Ok, so this isn't fully loaded, I have seen fully loaded with $12K off, but almost $9K off without pro-active ($3800 package) is pretty damn good too.
Deal Addict
User avatar
Jun 29, 2010
1160 posts
345 upvotes
OOoo are you getting it in Asgard Grey? It's the colour of Mjolnir!
[OP]
Jr. Member
Mar 26, 2004
106 posts
2 upvotes
Toronto
Thanks everyone for the input.

I ended up signing for one with both ProASSIST and ProActive for around $650 including taxes and zero down.

However, I noticed upon signing the lease that I was given zero percent financing as opposed to the advertised rate on the Infiniti website of 1.99%. I spoke to another dealer over the weekend and he said Infiniti has an internal promo to compete against other manufacturers' loyalty offers.

In the end, I look at it as follows in terms of the deal I received:

Total MSRP of car with options + freight + PDI = $60,540

i) At a rate of 1.99%, a total discount including manufacturers' incentive of $10,190.

or

ii) At a rate of 0%, a total discount including manufacturers' incentive of $7,165. The difference between $10,190 and $7,165 being $3,025. Not sure which pocket the $3,025 is coming out of, the manufacturer or dealer.

The question I have is that is the 0% something that was a given and therefore I could have negotiated more or that it was discretionary and I cannot have assumed it would be applied. I would assume that the rate reduction comes off the profit of the manufacturer and not the dealer and therefore there was likely more room to negotiate on the dealer side.

Let me know what you think.

Happy to pass on the dealer's name by PM.
Last edited by Fuddi on Jun 19th, 2018 4:30 pm, edited 2 times in total.
Deal Addict
Sep 1, 2004
1721 posts
819 upvotes
2% on $50K is roughly $1k/yr in interest. So about $4K more in your payments.

So i) and II) should yield pretty much the same payments.

Doesn't matter, $650/month tax in for 48 months and 0 down for a fully loaded Q50 is a great deal.
[OP]
Jr. Member
Mar 26, 2004
106 posts
2 upvotes
Toronto
Thanks Xtrema. Yes, you are correct that both result in the same payments.

It was just interesting going through the buying process and observing that there was flexibility on the rate where I had assumed that whatever is posted on the Infiniti website is non-negotiable.
Xtrema wrote:
Jun 19th, 2018 4:17 pm
2% on $50K is roughly $1k/yr in interest. So about $4K more in your payments.

So i) and II) should yield pretty much the same payments.

Doesn't matter, $650/month tax in for 48 months and 0 down for a fully loaded Q50 is a great deal.
Deal Addict
Sep 1, 2004
1721 posts
819 upvotes
Fuddi wrote:
Jun 19th, 2018 4:25 pm
Thanks Xtrema. Yes, you are correct that both result in the same payments.

It was just interesting going through the buying process and observing that there was flexibility on the rate where I had assumed that whatever is posted on the Infiniti website is non-negotiable.
As long as both are provided by Infiniti's financing arm and not a 3rd party, you probably won't care how they cook their books to move products.
Deal Fanatic
Oct 1, 2004
5225 posts
375 upvotes
Toronto
Can anyone pm me the dealer name and quote sheet? Trying to get the Ottawa dealers to match it. Anyone get it lowered then $650? Thi red sport would be in line with the s4? C300 c43?
Deal Fanatic
User avatar
Sep 13, 2003
9387 posts
1157 upvotes
16,000km is a little low on km now a days.
Fuddi wrote:
Jun 19th, 2018 4:05 pm
Thanks everyone for the input.

I ended up signing for one with both ProASSIST and ProActive for around $650 including taxes and zero down.

However, I noticed upon signing the lease that I was given zero percent financing as opposed to the advertised rate on the Infiniti website of 1.99%. I spoke to another dealer over the weekend and he said Infiniti has an internal promo to compete against other manufacturers' loyalty offers.

In the end, I look at it as follows in terms of the deal I received:

Total MSRP of car with options + freight + PDI = $60,540

i) At a rate of 1.99%, a total discount including manufacturers' incentive of $10,190.

or

ii) At a rate of 0%, a total discount including manufacturers' incentive of $7,165. The difference between $10,190 and $7,165 being $3,025. Not sure which pocket the $3,025 is coming out of, the manufacturer or dealer.

The question I have is that is the 0% something that was a given and therefore I could have negotiated more or that it was discretionary and I cannot have assumed it would be applied. I would assume that the rate reduction comes off the profit of the manufacturer and not the dealer and therefore there was likely more room to negotiate on the dealer side.

Let me know what you think.

Happy to pass on the dealer's name by PM.
One blind human - a tragedy
Ten blind humans - a disaster
One million blind humans - a statistic
Deal Addict
Sep 1, 2004
1721 posts
819 upvotes
greg123 wrote:
Jun 19th, 2018 6:37 pm
Can anyone pm me the dealer name and quote sheet? Trying to get the Ottawa dealers to match it. Anyone get it lowered then $650? Thi red sport would be in line with the s4? C300 c43?
On paper yes. In person no. I would say in term of driving dynamics, C43 > G70 > Stinger > S4 > Q50 Red > C300.

But if all you do is drag races, Q50 wins.

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