Buying & Leasing Interested in getting a G37? Ask your Questions in here.

Should I lease?

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Old Aug 18, 2013 | 04:17 PM
  #1  
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Jlomb436
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Should I lease?

Hey guys.

I've been debating on the purchase of a new or used G37 for quite some time, and now I''m seeing some members on here with stellar deals, including roughly $300 a month for a loaded 2013 G37.

My only concern is, I'm looking into purchasing a house 30 miles away from work, but at this point I have no idea if that's going to happen. I guess my question is, whats the typical cost of adding additional mileage? And when do you have the opportunity to do that?

Do you think a 7A Sport could be had for $300/315 a month with zero down?

Any other thoughts or things you think I should know before I get myself into trouble? I've never leased before, FYI. Happy driving!
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Old Aug 19, 2013 | 02:52 AM
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Originally Posted by Jlomb436

I'm looking into purchasing a house 30 miles away from work, but at this point I have no idea if that's going to happen.
Don't take on additional debt if you are going to be applying for a mortgage in the near future.

Originally Posted by Jlomb436
I guess my question is, whats the typical cost of adding additional mileage? And when do you have the opportunity to do that?
Could be as much as $.25/per mile. You have to do this prior to signing the lease

I've never leased and my one year anniversary is coming up on August 31st and I'm already over 22k miles

Cheaper to purchase IMHO

Telcoman
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Old Aug 19, 2013 | 08:50 AM
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Leasing is a lifestyle choice. As long as you look at it with priorities of convenience, and your driving habits fit the constraints of mileage and return condition, then leasing a car every few years is a good fit for a lot of people. And particularly, if you plan on getting a new car every few years, then smart leasers can even come out ahead of the game as compared to a cycle of buying & selling in that same time frame. Basically, it's the difference between absorbing or deflecting the initial depreciation hit. It has to be cyclic for it to matter one way or the other.

However, the moment you start rationalizing a lease according to how the monthly payments fit your budget, then you've lost. If that's your motivation, then you shouldn't be managing your own finances.

And here's a more obvious observation: if you're concerned about your monthly budget, and you're about to commit to a 60 mile a day round trip commute, why in the world would you buy a car that gets lousy MPG? Buy a new Mazda 3 and beat the living crap out of it while under warranty, then dump it a few years down the road after your finances settle down.

Last edited by Rochester; Aug 19, 2013 at 09:05 AM.
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Old Aug 19, 2013 | 11:09 AM
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Originally Posted by Rochester
Leasing is a lifestyle choice. As long as you look at it with priorities of convenience, and your driving habits fit the constraints of mileage and return condition, then leasing a car every few years is a good fit for a lot of people. And particularly, if you plan on getting a new car every few years, then smart leasers can even come out ahead of the game as compared to a cycle of buying & selling in that same time frame. Basically, it's the difference between absorbing or deflecting the initial depreciation hit. It has to be cyclic for it to matter one way or the other.

However, the moment you start rationalizing a lease according to how the monthly payments fit your budget, then you've lost. If that's your motivation, then you shouldn't be managing your own finances.

And here's a more obvious observation: if you're concerned about your monthly budget, and you're about to commit to a 60 mile a day round trip commute, why in the world would you buy a car that gets lousy MPG? Buy a new Mazda 3 and beat the living crap out of it while under warranty, then dump it a few years down the road after your finances settle down.
I guess I should have made that clear . Im not financially strapped in any way, and I'm not concerned about a small debt affecting my debt to income ratio for housing. The reason I was looking at used was because of my astonishing guilt when it comes to purchasing vehicles, which I tend to do every 4 to 6 years. I could easily afford a new one, I'm choosing not too for that exact reason. A lease subsides some of that guilt as its not as permanent.

My concern was the mileage, which I could be over 16000.miles over my normal of 10k,and I thought you could purchase miles mid lease like BMW but I'm guessing that's not possible?
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Old Aug 19, 2013 | 11:23 AM
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Oh. Well then by all means, lease away. New Car Smell does wonders for alleviating guilt.

IDK about reconfiguring leases. Answers for that should be only a phone call away.
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Old Aug 19, 2013 | 06:57 PM
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IFS (Infiniti Financial Services) doesn't do mileage addition mid-lease unfortunately. It is all done at the initial signing. There are a lot of great, pre-owned, low mile G37's out there. If you MIGHT experience a jump in your mileage, I would not recommend a lease.
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Old Aug 19, 2013 | 11:19 PM
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Originally Posted by ISELLTHEMTUCSON
IFS (Infiniti Financial Services) doesn't do mileage addition mid-lease unfortunately. It is all done at the initial signing. There are a lot of great, pre-owned, low mile G37's out there. If you MIGHT experience a jump in your mileage, I would not recommend a lease.
Yea, that was my concern as well. I remember BMW use to/still allows you to add mileage I think for as little at .17 which I could deal with. I'll have to sit on this. I've never leased before, and figured mid-lease additions were common.
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