i always tell people to fully read all the contract terms on a lease. Some smaller banks won't let you swap out the lease to transfer, buy out at the end of lease option fee, disposition fees, overmileage fees (i've seen some banks charge 0.40 cents per mile over), etc.

 

Thanks for the info da mayor.

Credit Unions are notoriously the worst.

Just stick with Infiniti Financial. Saving a few dollars a month based on a better rate may sound great but in the end...try and get out of your lease and you find you are STUCK.

 

unless i am missing something..

If you go full term on your current lease your negative equity you rolled will cleared up at end of lease.......I you will be able to start a new...

 

Yes that's correct ^ when infinish my lease I will get rid of the neg equity! Now if I'm over my miles wich I may be , cost I just found out it's .40 cents a mile so if say my residual value is 18000 and I owe 4 or 5,000 in miles alone I rather just buy the car and own it. Hopefully I'm not over too much but right now I live so far from wrk I'm putting mileage every day . In oct I move 5 min from wrk so we will see how mileage will change , there is still time to figure things out and in the end , either I turn it in and walk away and pay a small fee for miles and start over fresh or keep the car . I wouldn't mind keeping it I mean it's beautiful and super clean and well modded and if I buy it I can SC it and do so much more ...

 

Have you tried CarMax?

 

Not to pour salt on your wounds, lets do the math: Based on your prior posts, you have the car for about 2 years and already have 44,000 miles so you're averaging about 1,833 miles a month. Since you say you have 2 1/2 years remaining on your lease, if you continue to average the same monthly miles, at the end of the term you will be at 99,000 miles or roughly 70,000 miles over. Even if you curtail your driving and only drive 1.200 miles a month, (a 33% decrease) you will end your lease at 80,000 miles which would make you about 50,000 miles over. At that level, you would be paying $20,000 just in mileage fees not to mention any other damage that might happen to a car with 80,000 miles. Also, you are going to be out of warranty for quite some time which can also be expensive.

My advice, start parking your car near a crack house with the keys in plain view and hope that someone decides to "borrow" your car. Then pray that it is never found.

 

I'm allowed 15,000 miles a year on a 5 year lease , 44,000 in 3 years so at end of lease I may bemore
Like 20,000 miles over if that. Besides if I'm way over then obviously makes more sense to just buy the car!

 

HAHAHA

 

WTF^^^^^^ lmao

 

Where the he'll is your math? If I already have 44,000 in 2.5 years with two more years I average another let's say 12-13,000 miles that leaves me with roughly 70-80,000 miles after being allowed 75,000 for my remaining lease term I may be over at the most 20,000 miles wich at .40 a mile would be 8,000 wich In that case I buy out my lease. I doubt this will be the case but thanks for trying to figure this out.

 

Just make sure you have enough saved up cash by then so you don't waste any more money in owing people money.

 

Guys i am finishing out my lease to get rid of my negative equity, all is good !!! In the end I keep this beautiful machine or walk away . Well see .