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Am I out of luck?

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Old Aug 2, 2007 | 02:17 AM
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alann's Avatar
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Am I out of luck?

Hello,

I leased a brand new 2007 G35S about 2 weeks ago. My lease miliage was 15000 miles a year. I'm afraid this might not be enough miliage for me and want to bump it to 18k, is it possible to re-sign a new lease contract or am i out of luck?

Thanks
 
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Old Aug 2, 2007 | 02:33 AM
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From: Everett, Wa
the contract has already been finalized by NMAC (nissan motor acceptance corp) so there is no "re-do" but look at it this way . . .

lets say you PURCHASED the car, and in 36 months decided to trade it in (on say, a GT-R) and you had 54,000 (@18k per year) miles on it, when nada guide says it should only have 45,000 (15k per year). Your trade in would be effected by several thousand $$$, and any "negative equity" (any amount you owed that is more than the current trade in value) would be added to your next loan . . .

because you LEASED it with a penalty of say 0.19 per mile over - if you went the same extra 9000 miles, you can simply pay that $1700 and walk away, a free man, or put it on top of the loan for your next car, still a lot better senario

make you feel better?
 
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Old Aug 2, 2007 | 02:44 AM
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humm...didnt thought of it that way but yeah i do feel better..hahah
 
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