How many have you bought off lease?
#1
#2
Hmm, that's great that you have the equity. I'm near the end of a 2 year lease and I'm upside down by about $3000-$4000. That's one of the negatives about a 2 year lease - quicker depreciation! However, I'm ahead of the game from the stand point of not eating that depreciation so I guess it evens out.
So if I wanted to buy my car I would have to put quite a bit down just to able to get financing. Also, they are doing so many deals right now that I believe I will be in the same position in a year or two when I definitely want to trade.
So for me, it just doesn't make sense. I'll also have to get some new tires (I might be able to avoid for lease turn-in but not positive) and get inspection and perform some service. Feels liek I might need new brakes or rotor work too.
Add it all up and seeing what the new leases look like I'm just not sure that it pays.
Your situation might be very different though. If I were even and just had the tires/brakes issue I think I would have bought this puppy out without a second thought. New body style might be out in the next 2 years so might use as a trade at that point. Who knows . . .
Either way, it's a great car and the new changes are great but may/may not be enough for you to lease a new one. I would at least look at that option though. Without ANY negotiation I am at about the same lease payment for a 2010 that I got on my 2008. That makes the decision fairly easy.
If you end up buying, there are some folks on these boards that will sell the extended warranty on the cheap. I would wait until you get much closer to the factory warranty expiration before buying it but the markup is at/near 100% and some dealers are ok making much less than that for business they never expected to get (just make sure you get the Infiniti warranty - not some second hand, third party company).
Good luck and let us know what you end up doing!
Jay
So if I wanted to buy my car I would have to put quite a bit down just to able to get financing. Also, they are doing so many deals right now that I believe I will be in the same position in a year or two when I definitely want to trade.
So for me, it just doesn't make sense. I'll also have to get some new tires (I might be able to avoid for lease turn-in but not positive) and get inspection and perform some service. Feels liek I might need new brakes or rotor work too.
Add it all up and seeing what the new leases look like I'm just not sure that it pays.
Your situation might be very different though. If I were even and just had the tires/brakes issue I think I would have bought this puppy out without a second thought. New body style might be out in the next 2 years so might use as a trade at that point. Who knows . . .
Either way, it's a great car and the new changes are great but may/may not be enough for you to lease a new one. I would at least look at that option though. Without ANY negotiation I am at about the same lease payment for a 2010 that I got on my 2008. That makes the decision fairly easy.
If you end up buying, there are some folks on these boards that will sell the extended warranty on the cheap. I would wait until you get much closer to the factory warranty expiration before buying it but the markup is at/near 100% and some dealers are ok making much less than that for business they never expected to get (just make sure you get the Infiniti warranty - not some second hand, third party company).
Good luck and let us know what you end up doing!
Jay
#5
i bought my acura (before i had my G) off lease, got it for a great deal. i would definitely do it again. i find it tough to justify the price of a new car. the G i have now was a rental that the dealer bought back at auction. i got it for a steal because it was only a year old with 28k miles on it. i highly recommend.
#6
I did, but only because I didn't really have a choice. I leased the car and was driving 8 miles each way to work; a few months later I changed jobs and my commute went to 30 miles each way. By the end of my lease I would've been 30,000 miles over. I didn't want to pay $4500 out of pocket to walk away so I bought it. At least I got a decent rate and zero down. I'll be upside down for a little while but this way I keep that chunk of cash in my pocket longer.
#7
Registered User
iTrader: (3)
If you want a new car every 3 years or use it for business and are knowledgeable in the lease game (low or no initial down pmnt, 15k miles/yr.,
no fee if you rollover to a new lease) a lease can be a good option. If you just want to keep your payments down the lease is not the way to do it.
I've owned & leased many cars over the years and both have their pros/&cons, too much that just a blanket statement such as calling all leases fleases really shouldn't be taken to heart IMO.
Sure the typical lease deals that are brought out to you on the showroom floor will most likely be full of "fleece-like offerings" such as high cap cost reductions, 10k miles/yr (w/ very high costs per mile when you exceed 10k)
lease return fees, bad money factor % and low residuals.
Like all car deals, you need to do your homework and probably even a bit more important when attempting to lease a vehicle.
no fee if you rollover to a new lease) a lease can be a good option. If you just want to keep your payments down the lease is not the way to do it.
I've owned & leased many cars over the years and both have their pros/&cons, too much that just a blanket statement such as calling all leases fleases really shouldn't be taken to heart IMO.
Sure the typical lease deals that are brought out to you on the showroom floor will most likely be full of "fleece-like offerings" such as high cap cost reductions, 10k miles/yr (w/ very high costs per mile when you exceed 10k)
lease return fees, bad money factor % and low residuals.
Like all car deals, you need to do your homework and probably even a bit more important when attempting to lease a vehicle.
Trending Topics
#8
Bought mine out about a month ago, loved the car and i couldnt pass up the buyout price. Aso i was about 20k over the mileage so really didnt feel like paying for that. its also nice that the payments dropped a little. im deffinitely not taking the whole time to pay off the lease tho cause thats how you start losing money, hopefully i will be able to pay it off within a year or so.
#10
Thread
Thread Starter
Forum
Replies
Last Post
Terry_G35
G35 Coupe V35 2003 - 07
3
09-10-2015 08:17 PM