I went to Infiniti of Cincinnati, and got a quote for an Ivory Pearl 6MT with Premium package. 39 months with 15K miles.

Price of Car: 37,895.00
Down Payment: 0
Security Deposit: 4,400
Rate: 1.190
Residual: 60%

Monthly Payment: $448.29

What do you guys think?
Is it too high?

 

$4,400 security deposit?! WTF

 

^ ya, instead of down payment so I would get it back at the end.

 

Is it true that you can't lower a leased car?

 

bump

 

It is generally recommended that you avoid cap cost reductions on traditional leases. Keep that money in your pocket and invest it. Your monthly payments will be higher but so what. In the final analysis, you'll fare better.

And yes, generally, when you lease you're not allowed to do mods without some sort of penalty - implied or otherwise - unless you can get it back to the original state it was in, and without anybody knowing about it. On the other hand, you can always ask the dealer, and if they green light it, go crazy. GET EVERYTHING IN WRITING.

 

^ definitely will get it in writing. I am supposed to get my security deposit back at the end. If I don't put down the security deposit or down payment, in total I would pay about $20,000. But if I do put down the security deposit and get it back at the end of the lease then the car is going to cost me about $18,000 which means i can save $2,000 by keeping that money locked for 39 months

 

yeah that is a crazy down ...

 

lower? do you mean have it dropped? As long as you return your lease the same way you got it you can do whatever you want to it.

 

The security deposit seems ludicrous.

 

^ ya, it seems dumb, but i get it back at the end.

 

Patel, give me a PM....I got a better deal through Dayton and Columbus...

 

Everyone needs to understand how MSD's work before they make comments on how its "too much"...With security deposits you are basically buying down your money factor...Saving you thousands in payments over the lease term...If you dont NEED the 3-4k and can afford to have it tied up for a couple years then its a smart way to lower payments and save cash through the term...

 

Excellent point. You will get the money back in the end, but usually works better on lower residual vehicles. Since the G's are pretty good on residual, it's hit and miss but have your dealership work out all the figures; cap cost reduction vs. MSD and judge for yourself what will work best.

 

Excellent point. This typically works better with vehicles with a lower residual and is a little "hit and miss" with the G's since they tend to hold a good residual. Have your dealership provide you figures on both programs to view and judge for yourself with regards to cash cap reduction vs. MSD and make your decision from there. You will get your security deposits back at the end of the term of your lease buying down your money factor and when you ammortize your payment with the MSD, you're technically paying less all around.