Hey guys,

So I've been lurking through this forum quite a bit during my hunt for a G.. Well I've finally found one I'm interested in and I'm hoping you can help me out and give me some advice !

It's a 2010 G37s, lease return vehicle, certified pre-owned from the Infiniti dealership.

-64,000km (around 15,000km/yr)
-3 x collisions reported (one through insurance, judging by price was a scratch, other two reported but not through insurance so I'm guessing low priced stuff)
-Price offered: Just over 30k (taxes in) .. (bear in mind that I'm in Vancouver BC Canada).. Manager claims the price only leaves him with a $900 profit

What do you guys think about lease returns? Worth it? What about certified pre-owned? Think the manager is BSing about the "$900 profit"? Should I haggle further? And is a 4.99% finance rate reasonable?

My concern with lease returns is that the lessee may not have cared too much for the vehicle because he/she knew that it would end up in the dealership's hands at the end of the lease.

Thanks a ton in advance!!

 

i'm local to vancity. it's true that we pay a premium compared to many other markets.

i think you are dealing with Morrey infiniti - i saw the unit you are interested in. no navi so it does not have the premium or tech packages, but it is an S model which is good. they are asking just under $29k. that price is not out of line, although like you i am skeptical about the dealer's stated "profit". worst case you should take it home for $30k all-in, but you can likely do better. it is not "loaded" as they say.

a 4.99 finance rate is not good. do not go through the dealer for financing if that is what they are offering. that's how they'll make their margins back. go with a secured line of credit, or better yet just pay cash.

as for buying an ex-lease vehicle: it's a crapshoot. give the car a good look over. check for wear and tear and general neglect or abuse such as scrapes, scuffs, scratches, dents both on the interior and exterior. try to look past the glossy detailing job the dealer gave the car. this will tell you if the previous owner took care of the car. also, review the service history. this must be thorough and up to date.

 

Thanks for the quick response!

What do you think of doing a BCAA inspection?

Since they are offering in house financing, I'm probably going to see if I can bring the rate down… I plan on paying it down a lot quicker than the 60 month term, so I should save on interest…

Should I be concerned about the reported collisions?

What is a typical buy out price at the end of a lease for this type of vehicle?

When would be the best time of year to get a good deal on a G? (I ask because I'm in no rush and could definitely hold out)

Thanks again!

 

30k, taxes in for a 4 year old G37s coupe seem a tad high. Maybe if it is was in pristine condition, however with 3 insurance reports this is not the case. This is my opinion and is largely based on being in Ontario.

I have cousin who took over a lease on a 2010 G37s 6MT coupe in May, the buyout is 22k this October.

As canucklehead mentioned, lease returns can go either ways. Just look at everything closely, take your time.

Also you have little to no more bumper to bumper warranty to resolve any issues you may find. I'd push for a better deal with this as my bargaining.

What are auto trader and kijiji prices in that area like? Use these prices, lack of b2b warranty and any issues you see with the car as bargaining tools if you're happy with the condition of the car.

 

^ good point, i forgot to consider the 3 previous collision/insurance claims. that should help negotiations to lower the price. but then the OP has to accept any long-term risk that could pop up due to the incidents.

OP - if you are set on this car for now, make them a firm offer and don't budge. CPO comes with additional warranty so i think you are covered there. if you can't make a deal, no problem. others will come up. there are quite a few G coupes in our area. and in most cases, the other units will have none/fewer claims and will come with the navi package. there is a local 2011 6MT unit with 35k kms & navi for $26k as an example.

a 3rd party pre-purchase inspection is never a bad idea, but this will be done after a price and terms are agreed to. you'll have the agreement and deposit "subject to" a satisfactory inspection. after the inspection you can either walk from the deal or you can negotiate further based on the findings.

 

Thanks again for all the help guys! Much appreciated. I am probably going to go back over the weekend and see if they have service history on the vehicle. If they don't, I'm walking (it's leased from that exact dealership, they should have all records on file). I'll definitely be bringing up the collisions a bit more, and really pressing them to lower the price. Apparently, this vehicle has been on the lot for 2 months, and I doubt they will have an easy time moving it once fall rolls around.

Unfortunately, the CPO warranty is only power train and basically equates to the remaining factory warranty…

What do you think a fair market value (in Vancouver, bearing in mind the accident and lack of nav) would be? (taxes in)

Also on a side note, when to rotors need to be replaced on the vehicles (on avg.)?

How long to new tires and brake pads last (again on avg.)?

 

That amounts to 27k USD.

I picked up my 2010 coupe, 42k miles, non S, with tech/premium packages for $24.5k USD last year, and had a clean title history.

Seems a tad high, but I don't know what the markup is for the Canadian market. Here in southern California, there's a glutton of these cars.

 

I know I'm not in canada, but I just picked up my 2010 coupe S (59k miles) with nav, illuminated kick plates, back up camera with sensors, ceramic tint, and spoiler for $21k a week and a half ago... It might have the tech package too but idk how to tell yet lol