Progression

The dealership said I can go over the 10k max that's on the lease. They said they will just buy it back after the lease if I don't abuse the car. I was very hesitant (my first lease) and the store manager came out and said that this is how business is done at the dealership. As long as there's no major damage they buy back the cars and I can walk away. I know I drive 22k a year, way over 10k miles.

If I turn in the lease after 18 months with over 10k a year then I would be charged, but if they buy it back I'm free and clear. Everyone assured me about this. Does this make sense to anyone else? I am going back to inifiniti with my down payment today so a quick answer would be great

Thanks for any help on this important matter of mine.

MSRP: $41,405
Acquisition Fee: $700
Selling Price: $42,105
Drive off: 2,000 after $1,000 off from infiniti loyalty
$34,245.90
Base Payment $364.46 + tax
18 month lease

GET_SOME

iTrader: (3)

unless its in writing i wouldnt trust anything a sales person has to say.

alpine37

They will only waive a certain amount of those miles, now they might be very nice and won't charge extra fee for the miles if you get into another lease once your lease is done but I wouldn't trust it and go with that. BTW what care are you getting?

4rnr

words to live by

JSolo

iTrader: (14)

^^Even if it comes from the mouth of a lawyer!

madeyalook

iTrader: (1)

get it in writing!

jjasonSU

iTrader: (1)

Why would u agree to 10k if u drive double that?

Sinecure

I'm an infiniti salesperson. I never intentionally lie to customers. Although when I was new, I did tell a couple people things that weren't completely correct.

If he really did tell you what you just typed, he was lying. Flat out lying. My suspicion however, is that he carefully parsed his words and you heard what you wanted to hear. Is English a first language for both you and the salesperson (asking seriously, not making a bad joke)?

If you have a lease that allows 10,000 miles per year, that means in 18 months, they'll be expecting it back with 15,000 miles. If you go over that mileage, you'll have a charge of $0.25/mile for every single mile over 15,000.

Now, if you lease another Infiniti at the end of the lease, Infiniti will very likely waive up to $500 in mileage overage or excess wear and tear. I suspect that may be what he's talking about forgiving. If not, then get it in writing and jump on that deal.

I have seen people write 20,000 annual miles into a lease, but it usually for very specific tax purposes. The people who do it usually own their own business and want to maximize their itemized tax deductions and take as much as possible as a deduction before the end of the lease (expense vs. depreciation). If you write 20,000 miles into a lease, your residual value is going to drop dramatically, and your monthly payment will increase dramatically.

If you want to lease, and you drive a fair number of miles, you should write in the miles up front if you can. Up front you pay $0.10 (typically) per mile vs. $0.25 on the back end.

Yes, they'll let you turn in the car at the end of the lease and walk away. After you pay the mileage overage charge.