Hi All,
I have 2008 g35 that is near end of lease. i like the car but i always hear it is a bad idea to buy the end of lease car.

my residual on the contract is about $23,000. Another $500 fee to buy the car itself. Using edmunds true market value i get:

Trade-in $22,472
Private Party Sale $24,635
Dealer Retail $26,950

is it a good deal to just buy it from them?
is it possible to lower the price more?
are there other factors to consider, such as financing? i cant find a 3rd party loan that does end of lease loans, any suggestions?

Also, is it stupid to just end the lease and get the g37 coupe instead? at least the engine is different.

any help would be appreciated, thanks!!!!!

 

An important factor to think about is what you may owe as far as damages or overage on miles, should you decide not to purchase the vechicle.

I leased an '06 sedan, and at the end of the lease I ended-up purchasing it for around $18,000 (a good deal at the time). Had I turned the car over to Infiniti, they would probably have thrown a $1,000 - $2,000 bill my way to replacing the tires and accounting for normal wear and tear (small door dings, bit of curb rash, etc...) Rather than take the hit, I opted to purchase the vehicle, and my payments went down about $50/month compared to my lease.

Either way you go, schedule the pre-return evaluation with the dealership. They will inspect the vehicle and let you know the approximate amount of money that you may owe due to damages.

After that, do the math and decide what will work best financially...