Hey everyone,

1) I have a 5 year lease on my car, and is it safe to assume that within the next 2-3 years I will be contacted by Inifinti to come in and upgrade to a new car and get out of my current lease.

2) Right now I am a 23 year old with not that great of a credit score so I went in and got a lease of a 07 g but it was at lets say $700 a month (includes negative equity on my old car). I was wondering is there a way after I have made some payments to have the lease re-evaluated (and possible a lower monthly amount)? Sorry for the n00b question, I am really new to this leasing. I usually purchase cars...

 

$42k for a lease? What is the negotiated buyout at the end of the lease? How bad was your credit?

 

Yeah low 600's but can I re-something the lease after a while and the BO is $13k

 

I guess my real question is, am I stuck with this price until the end of the lease term or is there a way to get my payments lower?

 

You could refinance in a couple of years to get lower payments, but you'll be paying for that b*%ch for the next 10 years.

John

 

a 5 year lease!?! IMO, you should have just bought the thing! you realize that at that price, you will pay enuf to buy the car outright, AND do a couple mods! instead, you will have nothing to show for it in the end.
sorry bud.

the least the dealer could have done is give you a free t-shirt that says "PWND" on it!

 

HAHA cool well I was just wondering, I was reading the lease and I can get out of the car after making 12 payments, and giving a 30 day notice that I want out of the lease but I was wondering if there was an easier way to just get my payments down.

 

i dont know how it will work givin your negative equity in the first place, but as long as you can get out w/ no $$penalty, i would think about using this 12 months to get your credit score up a little more, then trying again. wheather you buy OR lease.

 

you got hosed.

 

No way to get out of a lease without penalties.

He didn't get hosed, he owed a lot and rolled it all into one note.

John

 

take the next 12 payments to help raise the scores.

Then as said, try again.

Once you sign the contract its a contract.

 

Infiniti will probably send you ads to try to get you into a new car, but you have negative equity on your current lease so you'd have to roll that into your new car.

You are leasing a car that you couldn't really afford in the first place. You signed a contract so now you are stuck. Chalk it up as an expensive learning experience.

 

Just to clarify, I am not worried about the payment amount, I am not hurting over it, but that would allow me to have more drinking money. I just wanted to loose my negative equity the quickest way possible... The reason there is so much, is I traded in my 07 eclipse spyder. And this was the 3rd new car for the year. Also was thinking about a house so thats why my credit went down. But having the eclipse was not that great and I am 23 so I have some learning to do with the car buying experience.

 

or since you have a lease, Gap insurance should have been added to the deal..just total the darn thing and you will completely get rid of your negative equity.....sorry to tell you but you will pay a big penalty for breaking the contract if you get out early, so basically you own it for 5 years paying 700 plus a month...

 

Like a $2k penalty or alot more than that even?