Need some opinions on Leasing/Buying/Trade in
Need some opinions on Leasing/Buying/Trade in
So I am in a bit of a dilemma and am trying to decide on what to do. Maybe you guys can help me out, or toss out some opinions.
I am currently leasing a Black Obsidian 2010 G37S coupe MT without Nav. The car currently has 42k miles and my lease term ends on DEC. 2013. So I have roughly 13 months remaining. Contracted miles are 48,775 so unless I plan on letting up on the driving, I'll be coming in a bit over at lease termination. The car itself is in pretty decent condition, regular oil changes, standard maintenance, paint has minor scratches as well as one door ding, rims slightly rashed, and the tires haven't been swapped yet (Brand new ones are sitting in the house).
My current buyout is $32,755.00
Early Lease Termination fee is:$7,000.00
Monthly Payment is $659.00 ( I rolled negative equity into the car at purchase, long story)
KBB values the car anywhere from 24k - 28k
Carmax appraised the vehicle at 26K, which pleasantly surprised me.
My choices are as follows:
1. Either buyout of my current lease at a 2.64% rate 72 months/$485.00/mo.
2. Trade the vehicle in and purchase either another G37S (2008), or a Genesis coupe 2013 or 2012 and below. Price Range I'd like to stay at is 27-28k out the door, which is definitely doable.
for example: a dealer is currently selling a 2008 Athens Blue G37s coupe MT with nav at 38k Milesfor 22,900. If they give me at least 26k for my vehicle then that would roll a negative amouhnt of $6,755.00 into the new purchase. If I could get them to drop the price by a grand or two, then my goal of 27-28K out the door may become a reality. $435/mo at 2.64%
3. Baby the car the rest of the way and ride the loan out 13 months.
4. Use swapalease.com, and yes I am fully aware that I would remain as a secondary on the lease statement, and if the primary faulters I take a hit.
5. Ride the remainder of the lease out until IFS reveals another "Pull ahead program" in which they would waive either three or up to six months of payments if I purchased or leased another Infiniti.
I know this is quite a bit, but man I'm having a tough time deciding. Thanks for the input!
I am currently leasing a Black Obsidian 2010 G37S coupe MT without Nav. The car currently has 42k miles and my lease term ends on DEC. 2013. So I have roughly 13 months remaining. Contracted miles are 48,775 so unless I plan on letting up on the driving, I'll be coming in a bit over at lease termination. The car itself is in pretty decent condition, regular oil changes, standard maintenance, paint has minor scratches as well as one door ding, rims slightly rashed, and the tires haven't been swapped yet (Brand new ones are sitting in the house).
My current buyout is $32,755.00
Early Lease Termination fee is:$7,000.00
Monthly Payment is $659.00 ( I rolled negative equity into the car at purchase, long story)
KBB values the car anywhere from 24k - 28k
Carmax appraised the vehicle at 26K, which pleasantly surprised me.
My choices are as follows:
1. Either buyout of my current lease at a 2.64% rate 72 months/$485.00/mo.
2. Trade the vehicle in and purchase either another G37S (2008), or a Genesis coupe 2013 or 2012 and below. Price Range I'd like to stay at is 27-28k out the door, which is definitely doable.
for example: a dealer is currently selling a 2008 Athens Blue G37s coupe MT with nav at 38k Milesfor 22,900. If they give me at least 26k for my vehicle then that would roll a negative amouhnt of $6,755.00 into the new purchase. If I could get them to drop the price by a grand or two, then my goal of 27-28K out the door may become a reality. $435/mo at 2.64%
3. Baby the car the rest of the way and ride the loan out 13 months.
4. Use swapalease.com, and yes I am fully aware that I would remain as a secondary on the lease statement, and if the primary faulters I take a hit.
5. Ride the remainder of the lease out until IFS reveals another "Pull ahead program" in which they would waive either three or up to six months of payments if I purchased or leased another Infiniti.
I know this is quite a bit, but man I'm having a tough time deciding. Thanks for the input!
Registered User
Joined: Oct 2012
Posts: 1
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From: Lane Dr Warrensburg, NY 12885
Why don't you directly go for lease by owner, this will help you in saving some of your dollar, and the price will automatically reduce.
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