Hello,

I have 4 months left on a 24 month lease on an 06 G35 Sedan. I am ready to pull the trigger on a purchase (not lease) of a brand new 08 G35 Sedan Journey with Nav, Sport, and Prem packages. Problem is that dealership is telling me that Infiniti will not let me out of the lease early. Would have to make my last 4 payments. This makes no sense to me if I am going to buy a new 08 G35 Sedan. Anyone else out there have any experience with this? Just wondering if the dealership is toying with me or that this is how leases go - got to ride it out to the end. I always thought that around 4 months out they were really starting to hound you about getting into another Infiniti.

Please let me know...

Thanks!!

 

You can, technically, bail out of a lease early, but you're still liable for the remaining payments; you did sign a contract agreeing to 24 months of payments.

You have a few options at this point.

1. keep the car for the duration of the lease.
2. trade it in (probably not a good idea)
3. sell it outright, and pay off the car with IFS

 

It depends.... I know I had a "no early termination clause" in my contract, but it only covered the first 12 months. After that I was free to turn it in at any time. I paid a fee and whatever the difference was between the payoff quote and the wholesale value of the car. Even if you have a "no early termination clause" you still have the option to buy out the lease at any point. Call Infiniti Finance to get a payoff quote.

Bottom line is that no, they won't let you turn it in free and clear. But you do have plenty of other options. It just depends on how much you are willing to lose on the deal.

 

just hold out 4 months, who knows what the 09 g35 has in store

 

+1 Good point

 

I had a 2005 Subaru legacy Gt lease. I got out 2 months early and I didn't have to pay the reamaining lease payments. I simpy traded the car in. The buyback (with 2 months left on the lease) was about 3k less than the current blue book value of the car. So Infiniti took the Subie, gave me 2k in equity (I am sure they will make some money when the sell the car) and I didn't have to make the last two payments. Win win for me since the car need an inspection and probably brakes. I ended up leasing a new G35x.

I don't think my results are typical though and it so happens that Subie leases are undervalued at the end (at least in Vermont). So that is why it worked out. That equity is money that I paid during the lease. So essentially I lowered my Subie lease payments is the way I looked at it. Also, there is a turn in fee, or buy out fee for the Subie (300 bucks). I didn't have to pay either since I traded the car in.... :-)

From what I have seen of Infiniti, their buyback values are pretty much accurate so you will have a harder time doing this with an Infiniti.... Maybe when you have two months left it might work out. The dealer should eat the reamining payments and take the trade in.....

By the way, go shopping the last few days of the month...

 

You would have more leverage if you are negotiating the early lease termination if you are offering to sign up for a new lease on the '08.

You're telling the dealer it's a good deal for them, but in reality it is the leasing company who will be short 4 months payments. The dealer is not relevant in that equation.

 

You always have the option to trade in the car.

It will be your residual + remaining payments, vs the wholesale value of the car, which may or may not work out in your favor.

 

Do not try to get out of the lease, just wait for the 2009 G37 sedan it will be on the dealer lots by September - october.