I have a 2007 G35X with 23.5K on the clock. Lease coming due July 2010. I believe the buyout is about $21,000. Consensus: Should I buy it? It's real tempting. Anyone done the same through Infiniti Financial Services? Loan rates? Extended Warranty Offered? A 3 year loan @6% would make the payments about $650/MO. - 4 year loan comes in around $500/Mo.?? This would versus leasing a new G37X .

 

You already took a hit in the wallet leasing it, it's almost basically the same car minus .2L and updated fascia and interior. If you still love driving it you should try and renegotiate and buy it.

 

Infiniti doesn't negotiate buy out prices on their cars. What I would suggest to you is get a G37 ( if you want to modify it get the RWD sport, and if you drive stock get the AWD). My lease is going to be over in about 2 years and I'm starting to think about it now if I want to keep my car or give it back and it's a hard decision to make. If your happy with the buyout price and do end up buying the car make sure you get extended warranty.

 

The buyout price is about $21K per the existing lease. I would have to buy directly from IFS. Current offerings from local Infiniti Dealers for a 2007 with higher mileage is about $27 to $28 K. I have Equity per that buyout price. Anyone buy the leased vehicle and then trade it in using the equity toward a new car? In other words, my car should be WORTH about $28 k (it's in excellent condition, low mileage) - get $3 K or so as the deposit toward a new lease or buy? Is this a wacky idea?

 

For what it's worth I think street prices are closer to 20k than 30k for 07's. Just bought one at dealer w/28k miles for $23k and I didn't try too hard. If you traded in after buying out the lease you would get <$20k from dealer and around 20k private party depending on condition. If you keep the leasing cycle going you will never not have a payment, but you'll always drive newer cars and have a warranty. If you want the car long term buy it out and pay it off quickly. Drive for 3-4 yrs payment free and save for the next one. This means keeping your 07 for the next 8 yes or so. Personal choice really...

 

I hear ya MdScales.... That's the trouble with leasing. I've been doing it off & on for years. In this age of high priced, highly automated cars, at some point you have put that big chuck of $$$ down, finance purchase @anywhere from 0% to 3.9% for 4 or 5 years, and then hope you have enough equity to roll that into a new one 5 years or so from now. Depends on usage & mileage too. I don't know if i want to take on a 3 year loan with $600/mo payments.....still wrestling with that.

 

I bought my 07 G35S 16k mi at the end of someone elses lease for 22,200 residual and paid the leasee 1500 extra. He put an ad on autotrader. that's where i found it. So you may put an add on auto trader and make a few hundred dollars all you need to do is sign over the lease at Infiniti for a fee and have the buyer take over the lease and pay off the residual, plus your profit cut. Take whatever you make on profit and apply it to a new lease.

Best solution is:

save yourself the trouble and buy the car, it's not that much different than the g37 you already paid for the bulk of depreciation and make payments for 2-3 years and when the all new Infiniti G comes out in 2012-2013 trade it in buying the new G or lease it with the trade in

 

Another way to look at your situation is this. Let's say you have no car (which is really where you are at because it really belongs to the dealer now-end of lease) and you were looking to buy a g35. If you came across your car on the lot and could buy it for 21k, that would be a good deal, no? Add to that the intimate knowledge of the condition of the vehicle knowing it has been well cared for and it makes it an even better deal for you.

Additionally, you could purchase an extended warranty (7yrs, 100k miles) and extend the loan to 5 years bringing your payments down to about $425 or so (similar to a lease payment). At the end of 5 years you will have driven a nice car all that time, mostly under warranty, and have at least 10k in equity (conservative value of the car in 5 years). You could then purchase a 2015 G42 (or whatever it is) with 10k down, pay for 5 years and have 15k-18k in equity and so on.

Leasing you will never have any equity because you are really just renting.

Good luck with your decision.

 

G42 has a nice ring to it...

 

You can trade it in and use the equity down on another lease, I have done that before, but the 27-28$k youre talking about would be private party value, not trade in value.

You can also call infiniti, get the total payoff, and you could sell the car outright and get the equity. I have also done that with an infiniti lease.