marsb007

Does anyone know how this program works? I tried calling IFS and a nice Indian woman with a British accent who didn't know crap about cars was asking me about having "video" on my car...

Seriously... I had no idea what the hell she was talking about...

Either way, after a few minutes, she came back and told me the Early Lease Termination would be ~$6500.

I have 10 months left @ $655 (including tax).

Why would I give them the car back? If I give it back, I'm out $6500 and a car. If I don't... I'm out $6500 and I have a car for the next 10 months. She had no idea what I was talking about, and continued to recite her script... LOVELY!!!

Anyone have a little more insight into this program?

2009G37

iTrader: (1)

It should say in your lease contract. From what I understand, you have to pay the remaining balance of the lease, plus some early termination fee.

Keng

That's how it is for a lease

CHI-TOWN G37

^correct, so pay them the remaining amount and hand over the car

Mike

iTrader: (1)

Keep the car. You pay the same amount either way. Your only savings would be not paying for insurance and upkeep for those additional months.

marsb007

I agree... at this time it makes no sense to actually turn the car in..

For those that don't know, Infiniti Financial has a program which is different than the "pay the payoff + fee" to get out of your lease, if you're within a certain time frame from the end of the lease. That's what I was asking about!!!

Usually they forgive the last 3-4 if you continue to re-lease another vehicle. Additionally, they give you certain concessions, like a credit for extra wear-tear to your vehicle (more miles, dings, need tires, etc.)

After speaking with them, it appears that the sedans have it available, but the coupes do not... probably a higher demand for sedans v. coupes?

urirx98

I would be interested in this aswell, as i am just over 3 months away from turning in my 07 G35, and interested in another 09 if i could snag one for around 400, while turning in my car

da mayor

iTrader: (2)

sometimes it works out to get out early if you'r eover the mileage. I got out early just the fact that I saved $4000, but put that same $4000 up front so it evened out.

Beer Magazine

You can't get out of paying them the contract...that's a lease.

IF you are looking to get a new car your lease has a PAYOFF amount which you can pay in full at anytime..so you can trade the car in. Odds are you're still going to lose money because like most leases the residual is subsidizes by the bank (in this case Infiniti)..no car is worth 60% after 3 years.

TruuG

I had two months payments left on my 08 G37 lease, I took it to the dealer and traded it in for an 09. A week later I recieve a call from the dealer saying I owe them for the remaining excess wear and tare, and the two remaining payments. I was never informed that I was not trading in my vehicle, that I was turning it in early and the dealer was holding the car as a favor. The next day they called me back saying they can reduce the amount owed, but he has to get the car back from the auto auction. Turns out my 08 G was already sold, and they can not help me. Be carefull when trading in.

da mayor

iTrader: (2)

did you get it in writing that the dealer was taking care of the 2 payments on your existing lease?

you signed the contract 2 years ago so you are still liable for the payments remaining plus any excessive wear and tear (less $500 for obtaining another Infiniti)

mw09g37

iTrader: (3)

get it in writing.

typically you can just see if there someone out there that is willing to take over the lease. people like to save the downpayment and take a short term lease.

either that or negotiate the lease buy back for the next car.

or buy it out right and trade it in.