hey guys i was wondering if anyone knew exactly what costs I would incur if I were to trade in my lease early?

 

call up IFS if that is the leasing company and ask for a payoff amount. then have the dealership appraise the car if you want to trade it in and get another one.

 

well i was offered at an infiniti and other dealerships for them to buy out my lease..would that be a smart decision ?

 

When you say "buy out your lease" you probably think that they will pay your remaining lease payment right?...the thing is that after you sign the lease? it basicly work just like a loan from that point on, you have x amount to start with and you paying down each and every months, until the term is up and you return the car and then you are done...so I am not sure what you mean by if it would be a smart move for dealer to "buy out your lease"? cus they just pay the lease/loan off for you, whats not "smart" about it? its like if you had purchase the car and trade it in and dealer pay you for what you owe on it, now if you are buying other car from them? they might actually roll some amount from your old lease to the new contract, I mean no offense but from your post, you dont really understand how it works so just be careful.

 

i dont know that is the term they were using at the dealership, but r u saying that they will pay off the lease for me and then i could just lease a new one?

 

Basicly YES, but only if dealership willing to actually payoff your old lease and not add no extra amount to your new contract, which I really dont think any dealership will do that, just because your trade-in will be worth less than what you owe(upside down), of course if you had put large sum of down payment or had pay more than monthly payment? then it might be different story.

It will all depends on how much you owe, how much its worth AND how much they willing to offer you for your trade-in and finally, how much they going to make on your next contract...like I said before, be careful, watch every side of the deal, dont just focus on the trade in value and not to look at your new contrat.

 

so id have to give at least something out of pocket tthen

 

Hehehehehe...most likely, have you call your leasing company and find out what is your payoff amount yet? if you knew how much you owe on it? you can better judge how much you will lose in the deal.

 

no i haven't called them yet, but ive got about 2 years left on my lease

 

Which dealer are u dealing with? I was able to get out my lease 15 months early with no penalty and no additional charges to my new lease. In fact my new lease is $100.00 cheaper than my old lease price and there was no money out of pocket except taxes. So I mean it could be possible but 2 years... I m not sure if they are gonna do that without any additions to your new lease. You might be inheriting the early termination fees.

-Vin

 

like i said, i've had clients that hated their old car so we bought out their old car and got them into a new Infiniti. there are a lot of different scenarios. IFS also can opt for a early termination quote fee to get you out of your lease.

 

I'm just trying to look for the best method to get out of my lease right now that will cost me the least amount of money out of pocket

 

call me up next week or e-mail me so we i can get some information from IFS gathered

 

Kenny,

you work at infiniti. if i have an 05 g35x on a 39 month lease (which ends july 08), would i be able to trade it in for the 07 g35 as soon as it comes out without paying any fees?

 

kenny pm me your number, i'll be back from college in brooklyn within a week, and if anything i could also stop in to talk to you, i'm really interested in a coupe