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Lease ending on 2012 Vert...buyout?

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Old 08-02-2015, 06:21 PM
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JRW370
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Question 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)?
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Old 08-02-2015, 09:06 PM
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Awgd8
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Originally Posted by JRW370 View Post
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)?
2013 G37 Awd sedan 7AT model at 20K miles fully loaded can be had for $25-26k . I almost bought one last month, but decided to lease a brand new 2015 Q40 AWD sedan 7T. There are only one option package for the Q40 awd sedan now which is the Navigation... Even the base model like mine has heated leather front seats heated side view mirrors, reverse camera, rearview mirror compass and home link. They gave it to me for $29,000 plus fee. I believe a fully loaded one can be had for $31 K brand new!

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.
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Old 08-06-2015, 09:55 AM
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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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Old 08-06-2015, 05:17 PM
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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.
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Old 08-13-2015, 11:37 PM
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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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Old 08-15-2015, 11:02 AM
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Originally Posted by JRW370 View Post
......Wife has her eyes on a new Q50 and doesn't dig the vert as much as I do....
There is your answer
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Old 09-05-2015, 06:18 PM
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Originally Posted by Gio37 View Post
There is your answer
yeah....sad but true for me as well...
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Old 09-07-2015, 04:11 PM
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turn it in. The residual is super inflated. You'll be over paying for the car.
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Old 08-21-2018, 12:25 PM
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woops wrong thread.
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Old 08-28-2018, 05:57 AM
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Originally Posted by ANMVQ View Post
turn it in. The residual is super inflated. You'll be over paying for the car.
Depends. If he paid $360 a month for 2 years. That's about $9k.
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



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