My lease is up in 6 months and I already have new car fever. Its a 2003.5, only has 26,000 miles on it. At lease end Im allowed 42,000 miles. The car is like new, all options except winter package..

They buy out price at the end is only $18,220. The KBB value is $25,000. I really dont want to buy it, but if they got it back early they could benefit as well.

I dont want to pay any penalties though. I guess I can wait 6 more months. I just dont want to if there is a way I can turn it in now.

Any experience with this? In the past Ive always just waited until lease end and dropped it off and jumped into my new one, but Im just being impatient.

 

Why not wait until new generation G coupe is released? The concept car looks amazing

 

I traded my 2005 FX35 with 18,000 miles only after having it for 8 months. if you trade it in for another infiniti they will get you out of it good.

 

Yeah I kind of figured that they might if I go with another Infiniti or a Nissan, just havent even decided what I want yet.

 

Just dont let them fool you when you go in to turn it in early. they have ways trust me of making the deal what you want it

 

Right.. I guess it would make the most sense if I stay with Nissan/ Infiniti because I can also get VPP pricing. I guess I will look into it.

 

If you have that much equity in the car (almost $7K) just buy it, sell it on eBay, and use the profit as a down payment on your next car. I did just that a couple of years ago on a Miata and I got my "buy it now" price in 3 hours. It was the easiest money I've ever made.

The dealer will never give as much as you can get on the open market. Cash in your hand will do a lot more than trying to explain to some sales guy about the value of your trade-in.

Just my 2¢.

 

I agree with smoogdog. Just sell it private party if you have that much equity. The reason most people don't try to sell private party is because most people don't have the luxury of waiting weeks, or possibly months to sell a car. You have 6 months. Sell it, pay off the lease, and flip the money into your next car.

 

Yeah I guess that is a good idea.. I guess need to call and see what the payoff is right now.

 

Awesome, my payoff right now is only $20,500. KBB says private party value is $25,000.. I checked auto trader, and similar ones are listed around $28,000.

 

Hell, sell it then! Don't let the dealer make the profit! With your car being fully loaded and low-miles, you shouldn't have a problem selling it. If you wait to sell it when news comes out about the "concept" coupe becoming a reality, the demand AND value will drop tremendously.

 

Wow, that's a great payoff amount. My payoff will be (after 39 months) in the $20k somewhere. Maybe even $21k. How's yours so low?

 

sell it man

 

Sticker price on mine was $39,900. I got it for $32,900 with VPP discount.
Also mine is 42 month lease, and allowed 12k miles a year, so I could have had 42k miles at the end.

 

You got a pretty good deal. If you really want to get out, sell it far and above what you owe, then pay it off and pocket the difference.

If you're impatient, you may even see what Carmax will offer you. Those cars are really in high demand on their lots. When I was looking for my G, you had to literally race to their lot if you saw one.

We sold my wife's Mercedes C240 before her lease was up and made about a $1,000 (another popular car). They paid a bit more than Bluebook (trade-in value).

You'll get more of you advertise and go private party but it all depends on how quick you want it to go.

Good luck.