Has anyone here bought out someone elses Infiniti lease at the end of their term, or let someone else buyout their lease?

A friend of mine is about to turn in his 07 G lease and start a new lease on a 09 G. I was interested in buying the car he was turning in but as I understand it, he may have to buy it first from Infiniti Canada before he can sell it to me.

The problem with that is I would have to pay the taxes on the purchase of his car from Infiniti, and then the taxes on my purchase of the car from him. I'd like to see that he doesn't lose any money in helping me get the 07 but I'm not sure how to make it work.

I realize that may sound a bit muddled but wondering if anyone has any experience with this or thoughts?

Thanks,

 

I haven't done this before, but if he has to turn in the 07 G at the same dealership he's picking his new one up, i'm sure you could work with the sales person at the dealership. I would also look up the buyout price and see if it's higher or lower and market price for a used G in the same condition. I'm sure a dealer would love to turn around a car really quick if you wanted the car your friend has. Good luck!

 

It turns out that "Infiniti Canada" owns the vehicle not the dealership when it comes to leases. So when he returns the car the dealer has to send the car back to Infiniti Canada where it is sold at auction instead of being re-sold at the dealer.

I really don't see the benefit in what Infiniti is doing and according to the dealer Infiniti Canada would rather see a loss by selling it at auction than giving it to the dealer.

I would have thought that economic problems or not they'd like to move cars as easily as possible

 

Not with the right dealer....
& I suspect most dealers will cooperate these days, they don't need extra inventory.

I did this with my '04 (actually before EOL).
I found a buyer, negotiated the price & the dealer completed the transaction by taking payment and transferring ownership.
IIRC there is also a transfer admin fee.

...this needs to be done before his lease actually terminates.

 

my dad originally owned mine then he turned it in off lease. with a lease Infiniti owns the vehicle you're essentially renting it. then if you finance it from Infiniti you're buying it from them not your buddy.

the original driver is never TRULY the owner in lease

 

just curious: what are the diffs between the 07 and 09 G's that would make him want to upgrade? are the 09's the G37 (330hp)?

pls excuse the off-topic question.

 

I was going to do exactly this last year. My uncle was leasing an 04 G35 which was coming to an end with 4 months left. I was interested in buying the vehicle when the lease was going to be up, however Infiniti Canada said no I could not directly purchase the vehicle back and that my uncle would have to buy it back and then I could buy it from him. The problem I was trying to avoid (as you're facing is double taxation).

I spoke with a number people at Infiniti Canada and unfortunately any vehicle that has (I think it was less than 6 months left, can't remember exactly)........I could not take over the lease. However if there were 7 or more (again need to confirm # of months with Infiniti) left then I could take it over. It was some dumb rule like that that prevented me from buying this car.

In Ontario (maybe Canada-wide), the only way to avoid this taxation issue is by:

http://www.mto.gov.on.ca/english/dan...cle/used.shtml



Unfortunately you're most likely going to have to deal with double taxation. As someone's already mentioned, it's Infiniti Canada that owns the vehicle, not the Infiniti Dealership so you'll have to deal with the Leasing company about buybacks

 

I just curious how much is the buy out price for the 07 G35, if you don't mind me asking?

 

yes

 

So trying to response to the multiple posts

1. The reason he's moving to an 09 is because they wouldn't extend the lease on his 07 and it was only a two year lease. He likes the G's (who doesn't) so he decided to take out another lease on a newer G

2. I don't understand what Infiniti Canada gains by releasing the car to the owner and not to myself. I called them up and they said I could write them a check with the VIN # of the vehicle and with a written letter from the leasee they could release the car.

In their explaination the next step got a little muddy. She wasn't clear exactly who they would release the car to. If Infiniti Canada is the owner and they're willing to accept a cheque from myself for the car, what do they have to gain by releasing the car to the past leasee and not myself (the person who paid for it)

The current "owner" is going to call Infiniti financial services this week to sort out the details and I'm sitting down with the dealer next week to clarify.

I'd like to just write Infiniti a cheque (which they're willing to accept) and give me the car!

 

G/L

Hopefully they'll see the light.

 

Instead of working directly through IFS, get the dealer to do it, that's what I did with my '04 lease.
After all they're selling a new lease, they should be willing to help with this.

I've done this before with several different MFGs besides Infiniti & never had a problem.

Good luck with it