Does anyone know if you can get out of a lease with infiniti? If so, are there any fees, penalties, problems with future credit, etc..? Thanks.

 

Hi Danny,

I'd been researching on leases as well, and I think you'd have to pay a certain percentage of the remainder of your lease as penalty for turning it in early. For example, if you have 2 more years left on your lease, you'd have to pay something like 5% of the two years the dealer's supposed to get from you.

Call your dealer and see what they say.

Let us know how it goes.

 

There is no set percentage that you need to pay, its about how much you still owe and how much Infiniti/leasing company thinks what your car is currently worth, plus early termination fee/penalty of $395~595, which it should be stated in your leasing contract, that’s if you just walking away from your lease without first satisfied the “pay off” amount. Its lot like when you trading in your financed car, you will be paying the differences, only thing is that most likely they will offer you lower than normal trade-in value, to find out how much you will be paying? Call up your leasing company and ask them what is your “pay off” amount, then talk to few dealerships to see how much they will offer for your car, it should give you better idea as to how much you would have to pay.

It should have lil or no affect on your credit, other than, just one more loan you took out/opened and couple of inquires, cus either way, the loan/lease will be paid in full, unless you decide not to pay the differences.

You can avoid some of it by sell it on your own, cus you could get higher price than what dealerships offering you, or if you are looking to get into another car? Just trade it in, they will in most of cases roll the difference into your next contract. Both ways are better than just turn it in early.

 

^^ thanks for that info... leasing is becoming more attractive if someone were to change cars every 3-4 years.

 

I'm not crazy about leases because you never own the car. Your just renting for a few years. Leasing is probaly best for someone who has there own business and can write it off in taxes as a business expense.

 

Thanks for the info! I didnt see anything in my lease contract. I guess my best bet is to call infiniti financial up and see what they say.