Infiniti M45 lease buy out help

[ali]

Sorry if this has been covered but i couldnt find it anywhere and sorry if this is the wrong place to post this question.

I leased a 03 m45 and the lease is coming to an end in january. Does anyone have any experiece in lease buy outs with infiniti? If so please provide tips on how to get the best price. My main question is are they willing to negotiate the buy out price on my contract and who do i speak to about that.

Thanks

[jagplates]

Everything is negotiable in this world. Remember that it costs Infiniti money to take your car back, prep it for sale, and send it to the car auction. Frankly, if you give them what they would get at the car auction, they should be happy not to have to pay the expenses of selling it.

[caug1]

first of all count all your monthly payment you have made put them together and add them to the lease buy out. it will be way more them car worth. Do the reserch on the value of the car before you do anything.good luck.

[SilverShadow]

Pretty much the same if you get a loan, the price paid minus payments almost never will be what a vehicle is worth. A vehicle is not an investment.

[MaxBolus]

Everything is negotiable in this world.

true enough, but fwiw my last leaseholder (not IFS) "absolutely refused" to negotiate the buyout price. They told me I would have to take my chances at the auto auction.

Maybe IFS will be easier, good luck!


Modified by MaxBolus at 2:40 PM 10/22/2007

[Mark Linkous]

Hello,Awesome to hear that you want to keep your car after your lease is up. A big question is how many miles are on your M? Also, what do they want for it? Furthermore, I would rather pay a little more to keep your car than buy another. The devil you know and all of that. That is if it has never seen the body shop, you like the color, etc... Figuring that you are contemplating keeping yours, I bet it is primo with low miles.Cheers,M.L

[szh]

Furthermore, I would rather pay a little more to keep your car than buy another. The devil you know and all of that.

An excellent point!

Most lessors do not keep the maintenance done right! I have bought a "lease-return" before (a 1995 Q45 in 1998) and regretted it. Although everything looked okay (including the Infiniti service records), it was clearly not treated right, and had problems.

so, if you have treated your leased car right and if it is running well, then, by all means, try to buy it out. Get an Extended Warranty (to 100k miles) regardless - this is important! Try to negotiate it as part of the buyout.

Z

[ali]

Sorry for the late response. Thank you all for your help. I actually ripped them on the lease payment, $500 month 48 months. Buy out $19K. so After all that interest i am paying them only $43K. Pretty good deal i think.

The car is perfect;color, condition, 48K miles etc...so i def want to keep it. Hopefully IFS isnt reading this forum lol I guess i will have to see how it turns out. I will wait for their call. Thanks

[caug1]

so you pay 500 plus 5%tax = 525?anyway 500x48= 24k or $25.200.plus $19000 for buy out.car is worth 23 to25k.that is how it works.

[good4life]

so you pay 500 plus 5%tax = 525?anyway 500x48= 24k or $25.200.plus $19000 for buy out.car is worth 23 to25k.that is how it works.

While this is my first post, I have been lurking for a while.

Caug, your response confused me a little (not to difficult to do:-). I get the buyout price comparison with the market value which in my mind is all that should matter. Why is the total of the payments important in your analysis?

good

[AJMichigan]

So Ali how did you make out on your lease buy out. I will be facing a similiar situation in March 08. I have a 2006 MX35 AWD all the options. Will ahve approx 60 K when I turn it in.

[wheelman322]

I wa

An excellent point!

Most lessors do not keep the maintenance done right! I have bought a "lease-return" before (a 1995 Q45 in 1998) and regretted it. Although everything looked okay (including the Infiniti service records), it was clearly not treated right, and had problems.

so, if you have treated your leased car right and if it is running well, then, by all means, try to buy it out. Get an Extended Warranty (to 100k miles) regardless - this is important! Try to negotiate it as part of the buyout.

Z

I guess I've been the sad sap that takes care of all his stuff. Even the day I return my cars I can't bring myself to beat them. I've painstakingly maintained the paint and mechanics of every car i've owned/leased. I have actually gone as far as to leave notes in the owners manuals advising the new owner to use synthetic oil since that is all I use.

[szh]

I guess I've been the sad sap that takes care of all his stuff. Even the day I return my cars I can't bring myself to beat them. I've painstakingly maintained the paint and mechanics of every car i've owned/leased. I have actually gone as far as to leave notes in the owners manuals advising the new owner to use synthetic oil since that is all I use.

Good Job!!

I am glad that you do this ... some buyer will thank you for it for sure.

Z