Swap a lease - Infiniti G37 any experiences?

[Foxtrot_01]

Hey guys,
I am currently leasing a G37 Sedan, 39 month lease, I love the car but I drive a lot and it's killing me, I always wanted to get a G35 Coupe 6MT or a G37 Coupe but at the time my credit wasn't great and I stuck with the sedan, a year later Im trying to figure out a way out of the lease and possible get a preowned G35 6MT coupe or if possible a preowned G37 coupe, I was told the options are swap a lease(www.swapalease.com) there might be penalties or returning the car and getting something from their lot, the kicker with this option is that what ever the difference is added to the loan on the next car. So far it seems on numbers the swap a lease looks like the cheaper option. Anyone has had any experience returning a lease before time or swapping or selling the lease?
any info will be appreciated.

[telcoman]

Hey guys,
I am currently leasing a G37 Sedan, 39 month lease, I love the car but I drive a lot and it's killing me, I always wanted to get a G35 Coupe 6MT or a G37 Coupe but at the time my credit wasn't great and I stuck with the sedan, a year later Im trying to figure out a way out of the lease and possible get a preowned G35 6MT coupe or if possible a preowned G37 coupe, I was told the options are swap a lease(http://www.swapalease.com) there might be penalties or returning the car and getting something from their lot, the kicker with this option is that what ever the difference is added to the loan on the next car. So far it seems on numbers the swap a lease looks like the cheaper option. Anyone has had any experience returning a lease before time or swapping or selling the lease?
any info will be appreciated.

Peraps I'm missing something but it seems to me what you are looking to do does not make financial sense. It is going to cost you and probably not improve your credit rating or your pocketbook.

Just my $.02

Telcoman

[Foxtrot_01]

well, this is what i have found out, im not sure this will affect your credit since someone is taking over your lease, so the new leasee will take over the car payments and responsability, some manufacturers charge a fee for this, in any way you are going delinquent on the lease. the only thing that you will loose is the down payment, in this case I traded in my car that was faulty at the time.
http://www.cbsnews.com/video/watch/?id= ... photovideo

[zozoka1212]

I donno. You want to get rid of your sedan and to get an older coupe? You drive a lot so you buying an older car? Your sedan is newer more hp faster better engine more warranty interior much improved. I am confused. You said you bought a G37 sedan but couldn't buy a g35 coupe at the time?

Why not just buy an old coupe say 2003 and have it as a second car?

[Foxtrot_01]

So I know it sounds strange so let me explain this with numbers.
Several years ago I bought a jaguar xtype, good car, after several years and about 95K it started acting up and the cost of repair is huge. I had a friend that worked at an infiniti dealership, for as far as I’ve know the G35 6MT I always wanted one, I also like the G37 coupe a lot too.
So when I was ready to get rid of the jaguar I went to the infiniti dealer and and he got me a good trade-in price for the jaguar, I test drove the G37 coupe and I choose the color, they washed it and then when I was ready to get with the finance guy he told me that the price that my friend was given on the lease was based on my credit being on tier 1, after running my credit it was tier 2 which meant that the coupe was going to be a lot more than what was quoted at the beginning, I wanted the G37 coupe but I wasn’t willing to pay that amount so they said that they could give me the G37 sedan for the original lease payment(G37 coupe on tier 1) and since I had to replace the Jaguar I went with the sedan.
I love the G37 Sedan but after a year on my lease Im thinking that maybe a lease was not a good idea since I drive a lot because of work, I thought I could manage with the 15K per year but now I know that this is not going to be enough. I also think that Im paying a lot for a lease and at the end I can’t drive the car on the weekends as much as I would like.
Probably for the same monthly payment I can get a G35 6MT with decent mileage and instead of leasing I would be purchasing.
So what are the pro’s of this, well the car will be mine, yes it’s an older model but it’s a car that I always wanted to get
I can drive the car as much as I want,
I could get an extended warranty and I usually take good care of my cars, the money I would be spending would be applied to owning the car just not leasing or renting it.
So bottom line, I am trying to find out if anyone has swapped or sold their lease, I spoke with a friend that works at the infiniti dealer and he says that one way is returning the lease and getting another car from the same dealership, know the problem with this is that they will take your car back, the difference that you owe and the price they are receiving it back will be applied on the new loan on what ever car you get. In other words.

Lets say that I got the car for 30,000
I returned it and the car is received for 23,000
I get another car-pre-owned(they had a G35 couple for 22,000) at $22,000
The final loan for the pre-owned would be $22,000 + $7000(difference of the lease returned) = $29K
So from what I heard it makes more sense to swap the lease than pay (in this case) $7,000 more for a loan.

Bottom line, anyone has swapped a lease or used one of those sites. Any other ideas?

[zozoka1212]

Why not just keep the sedan and if you go over the milage buy it at the end of the lease. You can probably buy it out now if you ask and you can put as much milage in it as you want.

You can probably swap a lease never tried it. You'll end up upside down with the return with your calculation. Swap seems to be the way to go if you must. I know I would just keep a G and get a used car beside it. You would be beter off if you get a 0304 G for a second car. They are chip.

[Foxtrot_01]

I just dont have a reason to have two cars, I am single and I always wanted the G35 6MT, I like driving, besides that money is an issue with this economy. I dont know how much is a 2006 G35 6MT going for but I need to find out about swapping the lease before I can start hunting down an G35 6MT.