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Lease up this September..Questions Inside

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Old Mar 4, 2008 | 03:42 PM
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Lease up this September..Questions Inside

I have an 05 G35 coupe up for lease this September. I had it leased at 15k miles per year, but do to a job change I have driven considerably less miles. My car is exactly 3 years old and I have just over 32k miles. I am allotted up to 52,500 miles when I turn it in on September. The KBB value of my car at this moment is 25K+ and my contract states that the value of the car when turned in will be just over 21k. Is it possible to turn in my car early to another dealer and have them payoff the remaining value of the car from the original dealership? I am assuming they would get a great deal by doing this and this would allow me to get into a new car sooner. What are the costs and implications on doing this? Is it advisable? I am looking to get a G37, Audi A5, or 335xi, but would like to purchase before summer so i can enjoy it during those months. I don't want to get a new car in the fall and have it sit in the garage during the winter months.
 
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Old Mar 4, 2008 | 03:57 PM
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you could sell the car privately or use a lease assumption service like swapalease.com.
 
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Old Mar 4, 2008 | 04:03 PM
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Originally Posted by Deepdiver
you could sell the car privately or use a lease assumption service like swapalease.com.
So if i sell privately, all i have to do is pay infiniti the remaining balance of the vehicle and i am set? They will send me the title and everything?
 
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Old Mar 4, 2008 | 04:39 PM
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that is correct. The goal would be to sell it, pay off infiniti, and pocket the difference.
 
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Old Mar 4, 2008 | 06:54 PM
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Originally Posted by Deepdiver
that is correct. The goal would be to sell it, pay off infiniti, and pocket the difference.
What he said.
 
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