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Lease options vs buying

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Old Nov 24, 2014 | 03:53 PM
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Lease options vs buying

Hi folks, long time lurker.. not too active with posts. However, have learned a bit from this site. Looking for some opinions:

My lease is ending in the summer of next year and I've been starting to weigh out options. From what I've read, it's not uncommon for the residual to be inflated, which seems to be the case in my situation. This is my second lease with infiniti so the previous one they just took care of the last few months to get me into something newer.

I have a 2012 g37x coupe with sport package, fully loaded, factory aftermarket exhaust, ambient lighting, wood trim. They quote my residual at about $29k. I like the car enough to buy it, plus I have so much into it plus a down payment because I had planned on buying it outright at the end. Now that the time is nearing, I don't know if it totally makes sense to purchase. Do you think it makes more sense to just pay the fees and walk away from a 6,000 down payment.. and just purchase something used?
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Old Nov 24, 2014 | 04:00 PM
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Doesn't make sense to purchase. New coupe debuts Jan 13th btw It's a tough choice because of the 6K you put down but to finance another 29K for a soon to be 3 year old car with the new body around the corner doesn't make sense.
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Old Nov 24, 2014 | 04:15 PM
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Originally Posted by MGold1211
Hi folks, long time lurker.. not too active with posts. However, have learned a bit from this site. Looking for some opinions:

My lease is ending in the summer of next year and I've been starting to weigh out options. From what I've read, it's not uncommon for the residual to be inflated, which seems to be the case in my situation. This is my second lease with infiniti so the previous one they just took care of the last few months to get me into something newer.

I have a 2012 g37x coupe with sport package, fully loaded, factory aftermarket exhaust, ambient lighting, wood trim. They quote my residual at about $29k. I like the car enough to buy it, plus I have so much into it plus a down payment because I had planned on buying it outright at the end. Now that the time is nearing, I don't know if it totally makes sense to purchase. Do you think it makes more sense to just pay the fees and walk away from a 6,000 down payment.. and just purchase something used?
Those numbers seem high

My 2012 6MTsedan has a residual value of $24k and I put down less than you.
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Old Nov 24, 2014 | 04:24 PM
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I agree that the numbers just don't seem right. I kinda wished I wasn't so focused on the monthly payment when signing the paperwork. Sigh.. lease thing sounded so good until I was sure I wanted to buy this car at the end. Guess I should accept I'll have to cut my losses.
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Old Nov 24, 2014 | 04:30 PM
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Originally Posted by MGold1211
I agree that the numbers just don't seem right. I kinda wished I wasn't so focused on the monthly payment when signing the paperwork. Sigh.. lease thing sounded so good until I was sure I wanted to buy this car at the end. Guess I should accept I'll have to cut my losses.
I guess if you had a low monthly payment it makes sense. FWIW, I'm at $415/mo
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Old Nov 24, 2014 | 04:59 PM
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Originally Posted by Lego_Maniac
I guess if you had a low monthly payment it makes sense. FWIW, I'm at $415/mo
Yeah I'm at $463... I think the purchase price was like $55k.. after negotiating it was like $50k when all was said and done.
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Old Nov 24, 2014 | 05:01 PM
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Originally Posted by MGold1211
Yeah I'm at $463... I think the purchase price was like $55k.. after negotiating it was like $50k when all was said and done.

Damn, didn't realize the Xs coupe was that much more expensive than a 6MT sedan
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Old Nov 25, 2014 | 12:54 PM
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turn it on and look for a use one and save yourself 10k, No way is liking a car worth 10k to toss away IMO. I was in the same seat,. My lease was up on my 11 X coupe, Fully modded CF, IPL sides, dropped wheels exhaust ECT. They wanted 29k for it. I turn it in and found a 09 X sedan with 58k on it for 16K. Took all the parts off the coupe and swapped over what I could , sold the other stuff and bought the sedan version of the parts. Only like two things Rear diffuser and rear trunk spoiler, IPLs I outright sold.
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