anyone buy their car after a lease?
09-02-2010, 05:31 PM
#1
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anyone buy their car after a lease?
what are your experiences?
my g37 base coupe 2010 has a buyout of ~$24,000. In 3 years I don't think there will be anything better out there for $24,000 with low mileage and taken care of by me, so maybe I should purchase it. What are your experiences with purchasing a lease, what are the pros and cons of doing it.
Thanks.
my g37 base coupe 2010 has a buyout of ~$24,000. In 3 years I don't think there will be anything better out there for $24,000 with low mileage and taken care of by me, so maybe I should purchase it. What are your experiences with purchasing a lease, what are the pros and cons of doing it.
Thanks.
09-02-2010, 11:17 PM
#3
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as far as i know....you pay the fee, price of the car.......and possibly tax
ask Kenny (da mayor).....he will give you the exact details.
right now its too early for you to make a decision of whether to buy or not....you have 3 years and you might end up wanting something else. you're payments are REALLY cheap...so im assuming the car has no options? maybe after 3 years you're going to want to change that up.
ask Kenny (da mayor).....he will give you the exact details.
right now its too early for you to make a decision of whether to buy or not....you have 3 years and you might end up wanting something else. you're payments are REALLY cheap...so im assuming the car has no options? maybe after 3 years you're going to want to change that up.
09-02-2010, 11:58 PM
#4
I plan to buy mine out (26k)
honestly 24k seems pretty high for a base coupe.
Itll prob a few k more than market value, but just think like you said you know the history of the car and everything thats been done and happened to it. So its worth eating a few k.
honestly 24k seems pretty high for a base coupe.
Itll prob a few k more than market value, but just think like you said you know the history of the car and everything thats been done and happened to it. So its worth eating a few k.
09-03-2010, 10:49 PM
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cap cost on my car was $33,500 + fees
residual is $24,000
depreciation is $9,500
rent fees are like $3500 + tax every month or something along those lines.
monthly is $361 with tax. that's a pretty good payment, with ZERO down so my residual will be higher. only paid title, dealer fees, bank fees and first month payment.
anyway a buyout is generally a couple grand LESS than private party and certainly less than retail.
a 2008 base coupe in 2011 will have a KBB worth at least $28k with 25-30k miles retail. to buy it for $24k and know I was the only person to put miles on it seems worth it.
maybe i should have bought the car in the first place but if i get in a wreck or the car gets damaged or something, i can just walk away.
but i'm thinking if the G25 becomes the new G37 and the price of the G37 skyrockets over the next 3 years due to less availability, increased production, etc and infiniti trying to make the g25 the new standard (like the IS250) will make a new g37 too much $$$ to buy in 2013.
residual is $24,000
depreciation is $9,500
rent fees are like $3500 + tax every month or something along those lines.
monthly is $361 with tax. that's a pretty good payment, with ZERO down so my residual will be higher. only paid title, dealer fees, bank fees and first month payment.
anyway a buyout is generally a couple grand LESS than private party and certainly less than retail.
a 2008 base coupe in 2011 will have a KBB worth at least $28k with 25-30k miles retail. to buy it for $24k and know I was the only person to put miles on it seems worth it.
maybe i should have bought the car in the first place but if i get in a wreck or the car gets damaged or something, i can just walk away.
but i'm thinking if the G25 becomes the new G37 and the price of the G37 skyrockets over the next 3 years due to less availability, increased production, etc and infiniti trying to make the g25 the new standard (like the IS250) will make a new g37 too much $$$ to buy in 2013.
09-03-2010, 10:57 PM
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2008 Infiniti G - Suggested Retail Value - Kelley Blue Book
that's for a 2 yr with 20k miles.
so in another year drop that price around 3 grand.
my prediction is
24k trade in
26k private
28k retail.
my cost: $36-37k if I buyout with cash and about 40k if I refinance the 24k during buyout.
to buy the car for $33,500 and finance over 5 years + tax, tag, title fees equals about $38-$39k
to buy with any options like prem, tech pck and navi would cost me over $45.
personally i have ZERO use for navi. don't care for the tech package either. wanted the sports pck but it was only available in 6mt. If i really want bigger wheels i can get some in the future along with a sports front fascia. I don't have a moonroof and that sux but i can live with that.
that's for a 2 yr with 20k miles.
so in another year drop that price around 3 grand.
my prediction is
24k trade in
26k private
28k retail.
my cost: $36-37k if I buyout with cash and about 40k if I refinance the 24k during buyout.
to buy the car for $33,500 and finance over 5 years + tax, tag, title fees equals about $38-$39k
to buy with any options like prem, tech pck and navi would cost me over $45.
personally i have ZERO use for navi. don't care for the tech package either. wanted the sports pck but it was only available in 6mt. If i really want bigger wheels i can get some in the future along with a sports front fascia. I don't have a moonroof and that sux but i can live with that.
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09-04-2010, 12:53 AM
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here is a base g37s with a 40k msrp.
Used 2008 Infiniti G37 Sport 6 MT For Sale | Miami, Fort Lauderdale, FL M8M112114P
dealer won't go lower on this car they emailed me saying they reduced it $2 grand recently.
a "fully loaded" one will easily sell for $33-35 grand.
of course the g37S has a worse residual then the base coupe due to the higher price point and lack of automatic.
fact is red is also not a very popular color. I'll bet if it were blue slate or grey it would cost another 2 grand.
so kbb is pretty spot on (+/- 5%)
Used 2008 Infiniti G37 Sport 6 MT For Sale | Miami, Fort Lauderdale, FL M8M112114P
dealer won't go lower on this car they emailed me saying they reduced it $2 grand recently.
a "fully loaded" one will easily sell for $33-35 grand.
of course the g37S has a worse residual then the base coupe due to the higher price point and lack of automatic.
fact is red is also not a very popular color. I'll bet if it were blue slate or grey it would cost another 2 grand.
so kbb is pretty spot on (+/- 5%)
09-04-2010, 03:20 AM
#11
after im done with my lease, the car will have 67k miles on it..(20K miles/ year for 39 months, yes I drive that much). The whole body creaks just after hitting 30k miles, I cant imagine what will happen after 50k miles. Other then that the powertrain is amazing, the finish on the car not so much
09-04-2010, 04:11 AM
#12
here is a base g37s with a 40k msrp.
Used 2008 Infiniti G37 Sport 6 MT For Sale | Miami, Fort Lauderdale, FL M8M112114P
dealer won't go lower on this car they emailed me saying they reduced it $2 grand recently.
a "fully loaded" one will easily sell for $33-35 grand.
of course the g37S has a worse residual then the base coupe due to the higher price point and lack of automatic.
fact is red is also not a very popular color. I'll bet if it were blue slate or grey it would cost another 2 grand.
so kbb is pretty spot on (+/- 5%)
Used 2008 Infiniti G37 Sport 6 MT For Sale | Miami, Fort Lauderdale, FL M8M112114P
dealer won't go lower on this car they emailed me saying they reduced it $2 grand recently.
a "fully loaded" one will easily sell for $33-35 grand.
of course the g37S has a worse residual then the base coupe due to the higher price point and lack of automatic.
fact is red is also not a very popular color. I'll bet if it were blue slate or grey it would cost another 2 grand.
so kbb is pretty spot on (+/- 5%)
Go on cars.com, theres almost 800 cars listed under 30k. Most of them in the 25k range.
Whether you want to believe it or not, its a commonly known fact that KBB values are inflated. Always have been.
09-04-2010, 09:35 AM
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this car has 60k miles.. should have less than 30k
2008 Infiniti G37, $22,999 - Cars.com
this one has 70k miles
2008 Infiniti G37 Sport, $24,900 - Cars.com
60k miles
2008 Infiniti G37 Sport, $24,997 - Cars.com
ACCIDENT
2008 Infiniti G37 Sport, $24,997 - Cars.com
CARFAX Vehicle History Report on JNKCV64E48M104291
ACCIDENT
2008 Infiniti G37, $24,999 - Cars.com
CARFAX Vehicle History Report on JNKCV64E78M123076
ACCIDENT
2008 Infiniti G37, $24,999 - Cars.com
all LOW MILEAGE NON ACCIDENT cars start at 30k.. not bad for a car with a cap cost of $33,500 after almost 3 years.
Used Cars for Sale: Listings Near 33180 - Cars.com
obviously having a g37s or base g37 keep about the same value after 3 years. the g37S only has a $4k more msrp then the base model in the first place.
like i said unless my car gets wrecked post lease, buyout for $24k will be about 5 grand LESS than buying it back from a dealer.
2008 Infiniti G37, $22,999 - Cars.com
this one has 70k miles
2008 Infiniti G37 Sport, $24,900 - Cars.com
60k miles
2008 Infiniti G37 Sport, $24,997 - Cars.com
ACCIDENT
2008 Infiniti G37 Sport, $24,997 - Cars.com
CARFAX Vehicle History Report on JNKCV64E48M104291
ACCIDENT
2008 Infiniti G37, $24,999 - Cars.com
CARFAX Vehicle History Report on JNKCV64E78M123076
ACCIDENT
2008 Infiniti G37, $24,999 - Cars.com
all LOW MILEAGE NON ACCIDENT cars start at 30k.. not bad for a car with a cap cost of $33,500 after almost 3 years.
Used Cars for Sale: Listings Near 33180 - Cars.com
obviously having a g37s or base g37 keep about the same value after 3 years. the g37S only has a $4k more msrp then the base model in the first place.
like i said unless my car gets wrecked post lease, buyout for $24k will be about 5 grand LESS than buying it back from a dealer.
09-04-2010, 11:34 PM
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My lease is up next month, I have a fully loaded 08 sport in blue slate. I only have 18k miles on it. I can buy it for 27 grand. I am gonna keep it, b/c of the low mileage and it is still mint b/c I have owned it.