Due to recent circumstances, I'm looking to lower my lease payment, and maybe switch to a newer less expensive ride. Maybe lease an Altima or something similar. I may keep the G37 because I love it so much, but just weighing out my options.

I already have a pretty awesome payment on the G...$359/month, although I know I can be much lower in an Altima or something similar.

I've had my car for 1 year now (3rd G I've leased), and was curious if anyone has used Swapalease/Leasetrader to get out of a lease. Was it simple? What's the process? Does it have any affect on credit or anything? Is it a problem to get a new different car right after?

Thanks!

 

I wouldn't recommend any of those lease swap programs. Even though someone else takes over the lease, you're still responsible for the payments. That means if the new owner defaults on the payments, then you have to pay for them...even though you don't physically have the car anymore.

 

This is correct , I've heard with nissan/infiniti your still held responsible for the payments even if someone else took over your lease

 

Might work out but you're potentially putting your credit worthiness in the hands of a stranger. I would bite the bullet and stand pat to much to lose and very little to gain.

.

 

I have gotten out of 2 Infiniti leases through Swapalease and have not had any problems. The new owners must have better credit than you, and its a more involved process than what you go through at a dealership. Infiniti Financial has every right to turn down the applicants, so the risk isn't that high. The person who is assuming the lease must pay $250 application fee, which is non-refundable even if they get denied.

Good luck with the transfer.

 

and for you all G dudes this is how it works... (as how I did it)

I.F.S. (Infiniti Financial Service) 1-800-778-4211
Press Option #1, Enter your Acct #. Then press 0 twice to be connected to a rep.

They can fax or mail a credit application to you.
The fee is $250 plus state tax. (@ 8.125%) $270.31 (for me in NY)

The processing fee of $270.31 is nonrefundable.
Even if new leasee’s credit is unapproved.

Send a Cashier’s Check / Money Order or Bank Check for full amount $xxx.xx (what ever tax rate yours is) to the instructions on the credit app.

All documentation will have to be mailed because they require actual signatures and no copies.

I.F.S. requires a minimum of 6 payments left on lease. You cannot transfer your lease with less.

It’s safe to have 7-8 months left as a buffer to begin the transfer process.

Once the new leasee is approved the process moves forward. You can call IFS to check the status of transfer. DO NOT TRANSFER OWNERSHIP until it is stated that the NEW leasee is the owner. - ALSO REMEMBER to remover your registration sticker from the window. SAFETY CHECK ---> (that will cause a **** load of problems. Also never have plates on a car with no insurance.) Now back to the good stuff.

It takes 4-6 weeks for the ownership of the lease to be transferred.

Note that the original leasee (YOU) are a cosigner and are still on the hook if the new leasee defaults or turns the vehicles in with damage and refuses to pay for it. Now their credit would take a nice shot but the point is you’d have to pay for it or your credit will take a bath if you declined. Make sure you know who the other person is. Don’t just transfer to anyone. You want their complete contact info, house address and fist born, well maybe not that. Now most likely if the new leasee's credit is great and they didn't vote for Obama and you can move forward.. lol that was a joke so relax Obama fanboys. - That's about it. Enjoy your early exit and buy an M235i awd and the rest is paddle shifting joy. - Cheers! (damn I miss my sexy G37) was a great cruise.

 

There are other options. You can sell a leased car outright as long as the payoff is paid. You can call and find out what the payoff is on the car and sell it for that amount or more if you can. You can also trade in a lease. I have done both of these options on previous leases before the lease was up.