Lease ending on 2012 Vert...buyout?
This is my first Infiniti and I ended up liking it a lot more than I thought I would. It's got less than 25K miles on it and we have really babied the car - high quality paint sealant, rarely ever drive it except in nice weather and kept garaged at home and office. Now the lease is about up and the buyout is $30.5K. I'm reading here that these are inflated residuals, but dealers within 100 miles are asking $32-$34.9 for Verts with similar options and mileage.
Would I be paying too much at $30.5 for a 2012 Vert with low miles and no problems whatever in my favorite sports car color scheme (vibrant red over tan interior)? |
Originally Posted by JRW370
(Post 3936177)
This is my first Infiniti and I ended up liking it a lot more than I thought I would. It's got less than 25K miles on it and we have really babied the car - high quality paint sealant, rarely ever drive it except in nice weather and kept garaged at home and office. Now the lease is about up and the buyout is $30.5K. I'm reading here that these are inflated residuals, but dealers within 100 miles are asking $32-$34.9 for Verts with similar options and mileage.
Would I be paying too much at $30.5 for a 2012 Vert with low miles and no problems whatever in my favorite sports car color scheme (vibrant red over tan interior)? So to answer your question, brand new is brand new with new warranty for the same price....check out prices online for reference . Naperville, IL Infiniti dealership. John Schultz for pricing reference. |
If you like the vert (and it sounds like you do) and the price is a discount from what they're selling for nearby then yes, sounds like a win for you. Also knowing exactly how the vehicle was treated/maintained is a huge plus.
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If you like it go ahead and keep it. If not ditch it.
The goal with leasing a car is to leave as much residual value on the car as possible and turn it in at the end of the lease, otherwise you should have just financed it to begin with. That's all in the past though, and theres nothing you can do about that now. So like I said before, if you like the car and want to keep it, go ahead and buy it out, if not, get rid of it, and get something else. |
Thanks for the input guys. It has been a great "fun" car to drive and the lease gave me a good tax write-off. Wife has her eyes on a new Q50 and doesn't dig the vert as much as I do, so that may be the deciding factor. Too bad - it's been down in the 80s and sunny this week with Fall just around the corner.
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Originally Posted by JRW370
(Post 3940198)
......Wife has her eyes on a new Q50 and doesn't dig the vert as much as I do....
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Originally Posted by Gio37
(Post 3940604)
There is your answer :icon38:
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turn it in. The residual is super inflated. You'll be over paying for the car.
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woops wrong thread.
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Originally Posted by ANMVQ
(Post 3947057)
turn it in. The residual is super inflated. You'll be over paying for the car.
If he wrote half of it off, that's makes it $3,500. Buyout is $30k. Total priced paid is $33,500.+ tax, license and fees. Still cheaper than financing it for $42,000 |
Yup, please the boss and you can't go wrong.
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