Apparently 33 months ago, I wasn't too knowledgeable on what happens at the end of a lease or what my options might be once it became time to get a new lease in the even that the market value of the car was a lot higher than its residual.


On my 2011 G37;

Originally contracted for:
39 months/
15,000 miles = 48,760 miles

Currently at:
33 months/
26,200 miles (So over 22,000 miles under at the moment)


I've been told that a lot of dealers will want to buy my car cash to try and have an opportunity to flip it since the residual value on the car would reflect the contracted miles but the market value is bound to be much higher.

This didn't necessarily occur to me but now I'm interested in learning more about this process and how it might work out for me in getting into a possible new Q50 lease.


Any thoughts or help on this would be appreciated.

 

Well, if they give you more than want the residual is worth, take it and run.

Btw Q50s have $3,250 in loyalty that you can take advantage of this month.

 

Hmmmmmmmmmmmmmmmmmmmmmmmmmmm

 

A lease is a contract, so I don't see why they would give you more because you essentially did not take full advantage of the lease terms by maximizing the mileage. The advantage appears to be yours if you decide to buy the lease out as you paid depreciation on higher mileage over the past 33 months, which is reflected in the lower residual value.

 

Its possible for him to TRADE the car in, and him get more for it. Dealer could give him more than the agreed upon residual.

Lets say since he is way under miles, his buy out is $28,000. But since he is under miles, dealer deems the ACV (actual cash value) is $29,500 and that is also clean NADA/KBB/BLACKBOOK/MMR trade or what ever. Dealer pays $28000 to IFS, $1500 goes to OP.

 

Simponson, if you want to PM your VIN I can give you an idea whether you have equity or not.

As mentioned above you have loyalty bonus of $3250, made 5 unbelievable deals yesterday.

 

Ugh,

I went to Lexus and Mercedes today and they're talking about buy-outs of only $23k at the most, WTF

 

That sounds about right based on KBB trade in values. Private party will get you maybe $25k, 26k tops I'd bet. These cars took a big hit with the Q50 coming out.

 

Find out what your payoff is and you can try to sell it outright to make some cash. You can also trade it in if they are giving you more than the payoff. I traded one of my leased infinitis on a new one and got $1000 to put down on the next. Ive also sold one right before lease end.

 

Wrote up a $75 a month q50 lease yesterday. ****er have VPP and 7k in equity plus loyalty.

 

Welp. Look at what's in my garage now:

 

Nice..........

 

Nice what'd you get for a deal , wife's is up in 20 days ,
Trying to figure out where she is going .
Btw the 23-24 k trade in is what I was getting too 12k under miles on a 11 c coupe , Infiniti inflates the residuals for better lease pricing . :/

 

The buyout is WAYYYYYY higher than the trade in.

The lease on the Q50 is already dirt cheap. They're not selling.

$349/mo with $1200 down for 24 mos.