BayG37

Well,

Been a while since I posted here...but I totalled my 2008 G37 about 2 weeks ago.

Was making a left turn onto my street...about 10 yard from my house, after a short game of golf. Waited about 2 minutes for traffic to clear, and then proceeded to make my left turn (unprotected left turn). Next thing I know...BAM! Anyway - the other driver didn't have his lights on - but the police can't prove, insurance won't fight it. My fault.

Anyway - the most Poo Poo part about it...the Payoff Amount on the lease (Did I say it was a lease?) was only about $29k. The insurance valuated my car at $37k...nice, right? Not so much. Infiniti gets to reap all of the rewards. I just get to suffer from Neck and Back Pain while Infiniti exec's enjoy a nice weekend on my insurance company - and I get to pay it back over hiked up rates for the next few years. Lovely.

Sad to see the G37 go, pissed that Infiniti gets the laugh on me.

ucla bruin

iTrader: (7)

Sorry to hear that. The pics are pretty gruesome :/. How's your injury? Look at the brighter side, and the most important thing, that you were relatively ok. You paid for the G to protect you in an accident.
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CDONNS

iTrader: (3)

Stupid Hyundai. His headlights probably didn't even work

deepFlip

yeah to bad u didnt finance it :/

good to see that your ok.

BayG37

I'm still stiff, still sore, no broken bones thank goodness - and the worst part about it, keep playing it back in my head. Keep dreaming (or I should say nightmares) about it. I keep trying to find a way to have seen him - it just doesn't happen.

My insurance company told me that Infiniti says there is no Purchase Option if the car is totaled.

I actually picked up an FX35 on Saturday, and have a newer contract to compare to my 2008 G37 contract.

The contract on the FX35 does indeed state that there is no purchase option if the vehicle is totalled, however, the 2008 G37 Contract does NOT have this statement.

The reason I bring that up, is that I told my insurance company that they should not be sending the full amount of the vehicle to Infiniti, as they are only owed $29k (payoff amount to own the vehicle), and they came back telling me that per infiniti policy, I no longer have a purchase option.

Seems to me that I actually do, and whoever my insurance spoke to, is actually stating the newer contract revision, not the contract I'm bound to.

What do you guys think about that?

rks

iTrader: (6)

Who is you insurance carrier?

BayG37

I've got Progressive.

oreoleo

iTrader: (2)

That's bull****, wouldn't the increase amount they're paying to infiniti just hurt you back?

1NEETO

I feel your pain man. I almost totaled mine a few weeks ago (Jan 15th to be exact) . That looks like a nasty crash, glad you're okay and that's what counts. Sucks about Infiniti taking the money, but that's how leases are. You're renting the car from them.

RaulGCustom

iTrader: (50)

damn! that sucks!

Black Betty

iTrader: (60)

Glad you're OK.

Infiniti isn't screwing you in any way with the payoff. It isn't your vehicle, it's theirs. They have no obligation or reason to give you the difference from what the insurance will pay. If you were purchasing instead of leasing it would be a completely different issue. But basically you're paying them for the depreciation of the vehicle while you use their car for X number of months. A purchase is completely different.

BayG37

I guess the part that is making me feel screwed, is the fact that Infiniti is telling my Insurance Co. that I no longer have the right to the Purchase Option.

There really is no reason that the Purchase Option should be removed, and there is nothing in my contract stating that they will remove the Purchase Option in the event of a Total Loss. In fact, the 2011 FX35 - has that exact statement, that I will NOT be able to exercise the Purchase Option on the FX35 if it is indeed declared a total loss. The 2008 G37 contract, does NOT state anything to the effect.

The point being - if I could simply excercise the purchase option, they'd get the $29k their owed, and I would get the $7k difference from the insurance company. I know it's not a lot of money, and many would probably say it's not worth the headache, but it is $7k. I've paid into the car for nearly 3 years - I was planning on excersising the purchase option before the total.

I can't see how infiniti can now decline the Purchase Option, as the contract does not remove the option when the vehicle is totaled.

Falcons023

That accident looks nasty. Glad that your are doing good.

Bo2point0

You should feel more screwed because the idiot that didn't have his lights on is probably rolling around in a Bentley because he hit you.

From the image the other vehicle right headlight is not damaged and is off, where as your vehicle has both amber markers glowing.

I almost changed lanes into a guy without headlights the other day, jack wagons need to be ticketed for this.

Black Betty

iTrader: (60)

$7K is a whole lot of money - to anybody. But the contract also doesn't state explicitly that you retain the right to exercise the purchase option in the event of a total loss does it? If not, then I guess it could be interpreted either way. They interpret it to their benefit of course, as do you. Maybe that's why the new contract explicitly states it. I'm not a contract lawyer, but you may want to contact one and see what he says. $7K is a lot of money.