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

2012 Lease

Thread Tools
 
Search this Thread
 
Old Dec 30, 2014 | 05:16 PM
  #1  
GeezerB's Avatar
GeezerB
Thread Starter
Registered Member
 
Joined: Dec 2003
Posts: 423
Likes: 29
From: West Hills, CA
2012 Lease

Current lease expires early next year. When I learned Infiniti will not lower the buyout price due to discontinued model, I was upset. No way I was going to pay a premium compared to the similar used cars on the lot.
Over time I have leaned towards buying my G. I know my car inside & out, have a chin lip & many other cool addons learned from this site.
Details: 2012 G37s sedan AT 18,500 miles, always garaged. I fell in love with Malbec & don't expect to find one used in this good condition. My residual is 25k. Is that the price they will be asking for (+ tax)?
Not a big fan of Q50. Maybe in a few years I may switch. Due to my low miles I figure I will be gaining equity in the car if I buy it. Am I out of line here or missing any other facts?
Reply
Old Dec 30, 2014 | 06:59 PM
  #2  
telcoman's Avatar
telcoman
Registered Member
 
Joined: Sep 2012
Posts: 1,638
Likes: 161
From: NJ
Originally Posted by GeezerB
Current lease expires early next year. When I learned Infiniti will not lower the buyout price due to discontinued model, I was upset. No way I was going to pay a premium compared to the similar used cars on the lot.
Over time I have leaned towards buying my G. I know my car inside & out, have a chin lip & many other cool addons learned from this site.
Details: 2012 G37s sedan AT 18,500 miles, always garaged. I fell in love with Malbec & don't expect to find one used in this good condition. My residual is 25k. Is that the price they will be asking for (+ tax)?
Not a big fan of Q50. Maybe in a few years I may switch. Due to my low miles I figure I will be gaining equity in the car if I buy it. Am I out of line here or missing any other facts?
A contract is a contract that you signed.
You should have negotiated the purchase price instead of leasing.
I did.
Mine is fully paid for and I am puting $$$ aside towards my next one in a few years.

A lease always costs more in the end and you'll be paying a monthly charge forever if you lease again.

Telcoman
Reply
Old Dec 30, 2014 | 08:53 PM
  #3  
GeezerB's Avatar
GeezerB
Thread Starter
Registered Member
 
Joined: Dec 2003
Posts: 423
Likes: 29
From: West Hills, CA
Originally Posted by telcoman
A contract is a contract that you signed.
You should have negotiated the purchase price instead of leasing.
I did.
Mine is fully paid for and I am puting $$$ aside towards my next one in a few years.

A lease always costs more in the end and you'll be paying a monthly charge forever if you lease again.

Telcoman
Your logic is sound but flawed in this case. When you purchased your G did you know they would completely discontinue the model? The G37 depreciation has accelerated upon the news. If only looking at finances, I could turn in my G & pick up a used one still under warranty for about 4-5k less. If you tried to sell yours or trade it in you would see what I mean.
Thanks for the reply.
Reply
Old Dec 31, 2014 | 12:26 AM
  #4  
MalbecG37S's Avatar
MalbecG37S
Registered User
 
Joined: Jan 2012
Posts: 452
Likes: 30
From: Southlake, TX
I am in a similar situation- 2012 Malbec G37S, auto, nav. I have about 23k miles on mine. Buyout is $25.8. Leaning toward buying it now (probably change my mind 10x in the next 3 mos). I cannot find an S with these miles for this price or better.

And the fact that the dealer just put a new battery in it and a new front hub/bearing (drivers side) under warranty makes me feel a bit better. AND - getting a new set of tires on the rear (PSS) mostly under the treadwear warranty makes me want to keep it a bit more.

AND - the Q50 isn't pulling me in...nor is anything else.

We will see....

Good Luck!
Reply
Old Dec 31, 2014 | 08:00 AM
  #5  
telcoman's Avatar
telcoman
Registered Member
 
Joined: Sep 2012
Posts: 1,638
Likes: 161
From: NJ
Originally Posted by GeezerB
Your logic is sound but flawed in this case. When you purchased your G did you know they would completely discontinue the model? The G37 depreciation has accelerated upon the news. If only looking at finances, I could turn in my G & pick up a used one still under warranty for about 4-5k less. If you tried to sell yours or trade it in you would see what I mean.
Thanks for the reply.
I keep my vehicles until they are almost worn out and repair costs become high.

I traded in my 06 G35 6 speed at 171796 miles rather then spend a few thousand on tires, brakes, headlight ballast, and a leaking differential seal.
Still had the original clutch, alternator, starter but did not want spend the money and risk a round trip to Florida with the possibility of a breakdown and a ruined vacation.

My 2012 G37S came with all new parts and a full warranty.
I don't care about depreciation or trade in value.
When I decide I want a new car I'll just shop around get a good price and purchase it for cash.

BTW today December 31st is one of the best days of the year to purchase a new vehicle. The second best day is 12/24. I purchased my previous 06 G35 on 12/31/05 and got a fantastic deal.

Telcoman
Reply
Old Dec 31, 2014 | 11:58 AM
  #6  
TVPostSound's Avatar
TVPostSound
Registered Member
iTrader: (9)
 
Joined: May 2010
Posts: 3,613
Likes: 117
From: Granada Hills, CA
Originally Posted by GeezerB
Current lease expires early next year. When I learned Infiniti will not lower the buyout price due to discontinued model, I was upset. No way I was going to pay a premium compared to the similar used cars on the lot.
Over time I have leaned towards buying my G. I know my car inside & out, have a chin lip & many other cool addons learned from this site.
Details: 2012 G37s sedan AT 18,500 miles, always garaged. I fell in love with Malbec & don't expect to find one used in this good condition. My residual is 25k. Is that the price they will be asking for (+ tax)?
Not a big fan of Q50. Maybe in a few years I may switch. Due to my low miles I figure I will be gaining equity in the car if I buy it. Am I out of line here or missing any other facts?

Forgetting the residual, go back and look at the original sales contract:

Did you make a good deal on the original purchase price?
Then residual doesn't matter, as your lease payments were probably lower than traditional financing!!
Reply
Old Jul 15, 2015 | 12:44 PM
  #7  
GeezerB's Avatar
GeezerB
Thread Starter
Registered Member
 
Joined: Dec 2003
Posts: 423
Likes: 29
From: West Hills, CA
UPDATE:
I decided to purchase my 2012 G37s. Brought it in with 20k miles after 39 month lease. While the residual was higher than I wanted, they did give me 1.9% financing. The only part that made me uncomfortable was the $300 lease termination fee plus they charged me $200 for a mandatory full inspection to declare my car is safe to drive. All I got was a car wash & a hand shake. Well at least it's mine now & I just ordered LEDs.
Reply
Old Jul 15, 2015 | 03:01 PM
  #8  
telcoman's Avatar
telcoman
Registered Member
 
Joined: Sep 2012
Posts: 1,638
Likes: 161
From: NJ
Originally Posted by GeezerB
UPDATE:
I decided to purchase my 2012 G37s. Brought it in with 20k miles after 39 month lease. While the residual was higher than I wanted, they did give me 1.9% financing. The only part that made me uncomfortable was the $300 lease termination fee plus they charged me $200 for a mandatory full inspection to declare my car is safe to drive. All I got was a car wash & a hand shake. Well at least it's mine now & I just ordered LEDs.
Nice

I love mine!

Name:  2015-071115%20My%20Pictures%20071115%20049_zpsautn7vrr.jpg
Views: 49
Size:  251.0 KB

I have a few more miles than you.

Name:  2015-071115%20My%20Pictures%20071115%20029_zpsuuxbvypg.jpg
Views: 80
Size:  196.0 KB

Telcoman
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
linvbro
Engine, Drivetrain & Forced-Induction
6
Aug 22, 2016 01:25 PM
delfinparis
Audio, Video & Electronics
7
Oct 8, 2015 06:06 PM
2K1 6T8
G37 Coupe
7
Oct 6, 2015 07:40 PM
bobtaz13
Wheels & Tires
1
Oct 1, 2015 01:39 PM
Chris_M
G37 Sedan
6
Sep 25, 2015 08:38 PM




All times are GMT -4. The time now is 08:34 PM.