Lease turn in

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Scarab Z
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Joined: Thu Feb 09, 2006 3:41 pm
Car: Datsun Scarab #154

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I did a search and didn't find any info on the topic. What I've found is:

2003.5 Sedan (better looking trunk lid) Infiniti G35, V6, sedan, 6 speed, manual, black, premium sport, cold weather pkg, spoiler, loaded, 1 owner, 45K miles, coming off lease.

So far the pics look good and I'm going to take a look and perhaps but this car. The owner says we have to complete the transaction at the Infiniti dealer because it's a lease car.

My question is to those who have leased, what do you think the ball park risduial value of this car is?

Owner is asking 22.5K, and doesn't sound like there is much room to move, but I figure that giving back to the dealer he'll get quite a bit less, I figure about 19K on the turn in tward another Infiniti.

Your thoughts.

David


Modified by Scarab Z at 2:56 PM 2/13/2006


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rydwhite
Posts: 3271
Joined: Fri May 30, 2003 3:43 am
Car: 2003 G35 Coupe

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I would say that sounds about right. Once my lease expires next January I have the option to purchase the car for 17k.

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elwesso
Posts: 34280
Joined: Sun Feb 23, 2003 4:52 pm
Car: 94 Infiniti Q45t 5 spd
2007 BMW M Coupe
2007 Infiniti G35 S 6MT
Location: Indiana
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rydwhite wrote:I would say that sounds about right. Once my lease expires next January I have the option to purchase the car for 17k.
Are you gonna do it?

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rydwhite
Posts: 3271
Joined: Fri May 30, 2003 3:43 am
Car: 2003 G35 Coupe

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Not sure yet actually. It would be a decent investment and then turn it around and sell it for 20k or so. I've been thinking about just turning it in, paying off all of my debt and then getting a new one in 08. I'll figure it all out in time.

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elwesso
Posts: 34280
Joined: Sun Feb 23, 2003 4:52 pm
Car: 94 Infiniti Q45t 5 spd
2007 BMW M Coupe
2007 Infiniti G35 S 6MT
Location: Indiana
Contact:

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I think that might be a good plan, then you could get you a 6MT.

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rydwhite
Posts: 3271
Joined: Fri May 30, 2003 3:43 am
Car: 2003 G35 Coupe

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Exactly.

I have a weak spot for this car though. I would love to be able to keep it and make it something really special though.

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buckeyes
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Joined: Sun Feb 05, 2006 2:40 pm
Car: 2004 G35x

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Doesn't sound like a very good deal to me. I got a 2004.5 G35x, 29k miles, loaded with everything including navigation, brand new tires, out the door for $20,000.00. They were asking 31k, and gave me $7k trade on a 98 navigator plus came down another $4,000. I relize this is the better than average deal but I still believe you an get a better deal.
Modified by buckeyes at 11:34 AM 2/18/2006


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