I have a couple questions for people who've traded in there lease as i've never done a lease before.

1. Can you really "trade" in a lease without penalities/fees or not? Infiniti says you can but i dont believe them.

2. If there are penalites or fees what do they usually run.

3. What if your over the allowed mileage per yr.?

Just curious to know how the transaction goes as im looking at getting a 06

 

You can "trade in" a lease but all they're really doing is rolling your excess costs (from the previous lease) into the new lease and you wind up paying WAYYYYY more in the long run. If you need to get out of a lease first, you should sell it on a site like http://www.swapalease.com but make sure you get their "peace of mind" program so you don't have to think about the car coming back to you if the new person who leases it can't afford it.

The most common penalties I've seen to ending a lease early are some charges that run a few hundred dollars and most of the time they want you to make the remaining lease payments on the car.

On my G35x lease, it's 0.15 cents per mile over the original limit (I have 18,000 miles per year) so the key is to get the amount of mileage you know you'll use and then if you go over a bit, don't worry TOO much about it. I have 18K a year and I'm only at 14,000 miles with the 18K allowance restarting in mid-April of this year so I picked too many miles per year.. I figured I would because they offered it at the same price per month as the 15,000 miles per year lease.

Also, always get the car price down as low as it can go even if it is a lease... I'd recommend waiting if you can to see what the '07 G35 sedan looks like unless you're going for the coupe... Either way, once the buzz starts about the newly refreshed line of G35s coming out, you should be able to get a killer deal on an '06 model.

More info on leasing and trading in a lease:

http://www.carbuyingtips.com/lease.htm

A thread in this forum showing what other people are getting leases at...

https://g35driver.com/forums/buying-selling-leasing-discussion/86744-all-you-lease-ers-lets-see-finacial-breakdown-if-you-dont-mind.html

Hope this helps!

 

Yes, you can trade it in without penalities/fess, unless it stated in your contract so I would read it first, some leasing company dont allow someone to assume the contract in final 3~6 months but usually says nothing about if you could trade/sell it...as of now? it works like if you had "financed/own" the car, you can sell it trade it, if a dealer offer you less than what you owe? it will either roll into next contract or you pay the difference out of your pocket, call your leasing company and ask what is your "paid off" amount.


It will only be a problem if you trun it in when your lease is up...of course the value of car will be lower if you have high mileage.

 

I just traded in my '03.5 six months early on an '06. The payoff was $20,500, they gave me $21,500, so I had $1k to put down on the new car.
You are only penalized for miles if you turn it in at lease end.
Call and find out what your lease pay off is and figure out what your cars value is.

 

yes you can trade in lease early. TRADE IN NOT RETURN you can trade in your lease any time call your leasing company and get your payoff.
example payoff 22k
trade in value 23k you a 1k towards your next lease or
payoff 24k
trade in 22k you have negative 2k going towards next lease

 

^Exactly

It's all about how much you owe on the car...and how much the dealer actually gives you for it. The balance gets rolled over.

Call your leasing company, ask them how many payments you have left on the car plus the residual value...and that's how much you owe on the car, lets pretend $20k that you owe to the bank on that car. So if you sell the car or trade it in for $20K, then you don't owe anything on it anymore. Or if you trade it in for $18k, and you owe $20k, then they roll that negative balance of $2k on your next payment.

 

Be careful to check market prices for your car if you're near the end of your lease!

My lease ends in 60 days, and the buyout is over $10K less than the market price ($13K less than retail). Infiniti just called to see what I plan to do - they sounded very dissappointed that I wasn't going to hand over the car or trade it in - because they'd make a killing on it if I did. They said in a gruff and sternl tone: ' be sure to have a cashiers check for the full amount on the due date or we're taking the car.'

lol ... out of my cold dead hands