I was involved in a rear ended situation a month ago and the repair bill is up to 22K now. Insurance decided to repair not total so they got it fixed up.

My car is
2009 G37S Coupe
46000 miles with Nav+Spoiler+Splash Guard+Kick Plate(No Tech)

Got a call from dealer saying they want buy used car so I I went in to see how much hit I would get from the accident

They will pay off the 14K I currently owe and lease a
2013 M37 with Nav $54000 MSRP $50000 invoice.
15000 miles/year for 39 months
0 down no fee, first month payment waived
for $499 a month including tax (8.75%)

I am sorry this is the only detail I can offer since they didn't want me to take the written offer.

How's this deal?

 

That deal sounds like an incredible deal. $499 a month for an M ? Im paying $500 a month for a GEEE

 

It depends on how much your G is really worth. Since it was never totaled, you still have a good title. I would shop around to see how much you can sell it for privately. If the dealer plans to list it for $20k, then your "zero down" is more like $3k-$4k out of pocket.

I can almost guarantee that if I called the dealership and tried to get the same lease deal with no trade in, they'd tell me to go someplace not-so-nice.

 

The dealer had KBB says 14K but that's lowballed for sure

I did KBB myself valued at 19K trade in, 21K private.

I am going to carmax tomo to get an offer

 

Car max is going to jack the car up and look at the Frame for any type of damage. If they do they offer give 1/2 of poor trade.

22k in damages is to much IMO.

 

I wanted to total the car but they insist the value is too high vs the repair. I am not sure if I want keep the car for long term unsure of anything or problem that might surface on the future

how's the lease deal anyway?

 

quote pdf attached

 

That is far from $0 down based on your deal worksheet. They are pulling $4,000 of equity from your trade to pay fees and $3,656 in cap reduction. The rest is going to your first month's pmt.

 

You are right, this is the current deal Infiniti is running right now.

Excl. taxes, title & lic. Retailer participation req. $3,999 INIT. PYMNT. REQ. AT CONSUMMATION (INCL. $3,520 CONSUMER DOWN PYMNT., $479 FIRST MONTH PYMNT). 2013 M37 Sedan RWD with Premium Package subj. to avail. to well-qualified customers who lease through Nissan-Infiniti LT. Subj. to credit approval. MSRP $53,295 incl. dest. chrg. Net capitalized cost of $46,742 incl. a $700 non-refundable acq. fee. Retailer contribution may affect actual price set by retailer. Monthly pymnts. total $18,681. At lease end, purchase for $29,312 plus $300 purchase option fee (except KS & WI) plus tax, or pay excess wear & use plus $0.25/mile for mileage over 10,000 miles/year. Lessee is responsible for maint. and repairs. Disposition fee due at term. of lease. No security deposit req. See participating retailer for details. Offer ends 01/02/2013. Supplies of vehicle may be limited in some regional areas. Retailer inventory varies.

Basically the net trade in is being used as the down payment etc.

 

Sounds like your car is worth more than 20k according to the mileage and assuming its in good condition, history ect. I would look into selling privately and see what bites you get. Sounds like the dealer is rolling over 6,000 in equity into the deal.

 

KBB trade in is about 19kish and private is 21k.

I was rear ended so there's structure damaged that has been repaired, that really hurt the value of the car so I want get rid of it in case of transmission problem.

 

They are essentially giving you the advertised lease. Not a bad deal at all. About a 900 profitable deal for the dealership. They are giving you about 18k for your trade which considering the facts, is good.

 

Ok sounds good, I actually got the other dealer to bump the trade in to 20K from 18K and this is 15K lease vs the 10K being advertised.

 

Op, talked it over with my boss and that seems like a good deal. To bad im not the one offering it lol.

 

^^ I would match it but alas you are far from me lol