I have a 2003 coupe that my lease just ended on at the beginning of August. I love the car and want one of the new 08's when they come out, so I bought the car with the plan of selling it when the new ones come out and then getting one of those. Initially everyone was speculating that it was going to debut in the spring '07 as an '08, but now its looking like its going to be later (unless anyone has info to the contrary).

I was at the dealer today having my oil changed and mentioned this all to the sales guy. He's thinking that the new coupes aren't coming out until around the fall. Somehow he brought up that Infiniti is offering 12 months leases that would just fit my need to get me a car until the new ones come out. I'd never heard of a 12 month lease, but he said something about Infiniti wanting to have some low mileage used cars around or something (true or not I don't know) and I've seen someone else on here that got a 12 month lease. He is supposed to get back to me tomorrow with some numbers.

My thought is to get a 2006 since they have the biggest discounts on them right now since they're on the way out. I'm looking to get AT, premium, nav, wheel package, intelligent key and maybe XM. Looks like

MSRP: $39,860
Invoice: $36,410
Edmunds TMV: $38,324

Anyone have any comments on this or know how good of a deal I should expect or push for?

Thanks!

 

I have 04 6MT and I purchased mine as well. I was thinking the same way you are after I saw the 12 month lease program. I figure if I sell my model year now, I will get most for my money and will be able to have same car for a year when the new 08 models arrive.

I don't know the full details of the lease yet because I'm waiting for a price check on a 6MT coming at the end of the month, but I have the VPP discount from work and would like to throw $0 down and try to have payment of under 450/mo. That obviously limits me to options, but my car right now has no bose, sunroof, just aero package and I'm happy with it.

It sounds like a good deal, especially for only 12 month lease.

 

it will be around 560 a month they will take about 520

 

$0 DOWN? then it's a good deal

 

I just spoke with dealership in Ft. Wayne, IN, which is where I purchased my current car from. The guy found me a '06 6MT white/premium/aero for $38k that he said he can give me for zero down $450/mo with 15k mi/yr for 12 month lease. Only thing is now what they will give me for trade in. I have 04 6MT with aero package and 24k miles. what do you think I can get for it? (trade in/private)

 

Doesn't a lease require you to pay for the full price of the car once the lease expires? So if you bought or "leased" it for $40,000 and you are on a 12 month lease, but your payment is only $500 a month then that means you only pay off about $8000 of your loan by the time your lease expires in 12 months? Does that mean you have to roll your difference which would be about $32,000. A lease return has no trade in value right? So you would have to return it at 11 months, basically 1 month before lease expiration in order for it to be cosidered a trade right? You's still be in the hole like $10 grand! I don't get how this would work out?

 

Initial payments on any loan are nearly all toward interest. You would not be paying $8k in principal in 12 months.

Go to the credit union when your current lease is up, buy the car. Roll it until the car you want is available. Then sell it or trade it in(tax break).

 

THat being said, wouldnt that make it worse. With no principal reduction and a pretty strong depreciation of the car wouldn't they be more upsidedown after 12 motnhs then at any othertime during a lease?
I'm thinking when these guys go to trade in thier 12 months leased cars they are going to get screwed!

 

I recently made the same deal with the dealer here in Columbus, OH. I traded in my S2000, which they gave me a wonderful price for - and are leasing an 06 6MT with active steer for 300/ mo, 15K/ yr. I put 1200 or so down, but for a $39,000 car - you can't beat the deal. I figured i'd drive this car for a year, and see what car catched my eye next year.

 

after the lease term ends, you will have the option to return the car without any additional obligations.. unless you drive more miles then was the term specified or damages..

 

I meant not to re-lease a new G for 12 months but to pay off your current lease (potentially a 3 year?). You are correct, that 12 month lease deal sounds like a bad idea unless you can get the car down below invoice.

 

I'm not sure I understand some of the points being made here. After a 12 month lease, whatever the price, you can turn the car in and walk away and not be in debt for any amount, so how would you be upside down?

My plan would be to sell my 03 coupe now and do the new lease. I bought it for around 21k and I'm thinking I should be able to get around that much for a private party sale and then I'm even as far as that goes.

So basically, I'd be starting fresh on a new lease lasting a year, turn it in, and then by the redesigned 08 coupe when it comes out. There will of course be some extra expenses that I'll have to pay out such as the ~$550 acquisition fee, etc, which I'd have to pay for one the 12 month lease and then again on the 08 coupe.

Someone made the comment that the $550 is too much to pay for a acquisition fee on a 12 month lease. How could you make that amount smaller?

Thanks.

 

Is the acquistion fee negotiable?

 

I don't know, is it? I've always thought it was just a set fee like tax, but I assume everything is negotiable in some form.

 

I was under the impression that at the end of the lease term it was Value vs. Loan balance. If you can walk away with no obligation at the end of the lease term then perhaps I could see that as a sound descision. I gues they a make thier money on milage violations and "wear & tear"?
I guess I keep hearing Suzie Orman horror stories about balance after balance being rolled into new leases for years & years. By the end of a few lease terms you owe $70K on a $35K car. Happens all the time.