Here's the situation...I got a 2013 G37x Coupe on a 39 month lease $1500 down
($447 / month) /10K miles a year back in October 2012. I really like the car, but I'm not really 'feeling' it. I miss my WRX sometimes. Anyway...I asked if I could get out of it by purchasing a used car off their lot and surprisingly they said yes.
They have a 2011 G37x Limited Edition Sedan...Malbec Black with red leather interior for listed $32,500 w/ under 10K miles on it...clean one owner title. I was thinking of buying it so I could have a bargaining chip for when I find what I REALLY want. I like more 'raw' cars with more NVH and turbo/supercharger and more possibilities for tuning that are easier to work with...like...WRX, Audi S4, Mitsu EVO MR, etc. I'm more into the 'boy racer' type looks than the 'luxury with a little sport' look. Does this seem crazy?? My payments shouldn't really go up or down much. I can get 1.99 through my credit union for up to 7 years on a loan.

Opinions?? I prefer mature responses only...

 

The x models are a dime a dozen. If you want a bargaining chip, get a 6mt. The sedans are more rarer than the coupes, especially here in the midwest.

 

I'm sticking with my AWD. I can't do RWD...even with snow tires...too iffy around here with our crazy weather.

 

I'm pretty sure they're going to roll the negative equity you have in your lease at the moment in to the purchase price of the new car. That said, the $32k used G might end up costing you closer to $40k when all is said and done.

 

That doesn't make ANY sense at all. So you jumped into leasing one car that isn't your "type," now you want to buy another car that's even further away from your type just so you can buy something that is your type later on? You've only had your coupe for 6 months and you're already ready to get rid of it...why do you think you're gonna last any longer in a sedan? Cars are not "bargaining chips"...especially a used, common 4-door family sedan. It's not like you have a rare classic or exotic car. Did you seriously put any thought into your proposed plan at all? Why would you buy a car in the first place that you clearly know isn't your type?

If you think the dealer is gonna let you walk out of your lease free and clear, you're crazy. Sure, you can get out of your lease by buying a used vehicle. But what they haven't told you (yet) is that they are gonna roll over all the remaining lease payments into the monthly payment of the car you replace it with. So you're actually going to be paying for 2 cars when you only have 1. So yes, your payment will go up considerably...unless they sucker you into a 10 year auto loan...which doesn't sound like they'd have too much trouble doing.

Perfect example of why people get into financial messes

 

um serious? Your going from a X coupe to a X Sedan ? Not sure you would be doing anything other than over paying for the car. To what say I'm financing instead of saying I am leasing?? Makes now sense man.
The second you drove of the lot you cars value dropped like 10k, Just for ex: My car is a 11X Coupe with everthing minus NAV in 11 the car was 42k trade in I was getting 27-28. An it only has 18k miles.

IMO stay with what you have do some bolt ons ( I-E) tune and be happy 300 WHP in a X coupe is very fun, I should know LOL Mine was 298 WHP then 457 WHP and now back to ??? WHP But would guess close to the 300 WHP again, Just waiting for my NA tune again.

 

 

Let's review...first...I'm NOT going to do it if I have to pay a penalty. It sounds like they MAY let me off the hook. In other words...my car payments would go down and I'd own the car. Why not??

Second...I'd rather own a car than lease a car. I can do whatever I want with an owned car...versus a leased car.

Third...The insurance is much cheaper on the 4 door. The sedan is an 'S' model which is what I wanted in the first place...didn't have any coupes that I could afford when I leased it in the 'S' model.

Fourth...I've never been in a 'financial mess'. I'm actually very good with my money, thanks. I've got the financing already...through a credit union...not the dealership...very low int rate.

The WHOLE issue is I don't want the coupe for another 33 months.

I can do without the douchebaggery. I'm more or less looking to see how people like the G37XS sedan versus the X coupe. I see multiple GOOD reasons to do it.
(PLUS...I sorta like the color combo of the Limited Edition...Malbec Black/Monaco Red.)

 

So, your issue is you are 6 months into a 39 month lease, and you are now tired of the car? No problem. Find out the payoff on your lease (if through Infiniti, very easy on the website) and then find out what your car is worth. The difference is what you will owe. And you will have negative equity.

If they 'let you off the hook' then by all means do it. However, I am skeptical. The full payoff on your lease is not going to be anywhere close to what the car is worth. The residuals being offered at the end of last year were ludicrously high. Just example - my residual is about 35k and my lease is up Feb 2014. The car right now on trade is not even worth that, probably closer to 30k. And I only have 5k miles on it.

Do you even know what your payoff is right now? My guess is you will have 7-8k in negative equity on dealer trade in.

 

I have the numbers and it looks like they'll want about 2K, but I won't know for sure until I go in this afternoon and we talk in person. I'll try and negotiate it into the selling price of the used car as best I can.

If I'm going to lose any amount of money more than, say $500, then I'm not doing it. Of course I'm not going to spend 7-8K on getting out of my lease. I'm not an idiot despite what others may think in here.

My plan is to buy the car and drive it for a couple years and then trade it/sell it and get something else in 2015 sometime. Granted I don't have a penalty and I do a 60 month loan...I should be able to at least break even in two years or even make a slight amount of money on a private sale.

I did that with my Subaru WRX and actually made $3500 off it in profit. (yes, I'm serious...very good resale and quick seller...plus I take EXCELLENT care of my cars)

 

Good luck. Just remember, even if you roll the 2k into the price of the sedan, your payoff will just be that much more in two years when you plan to sell (plus taxes and any fees). Also, in the next 12-24 months the market will have plenty of these cars coming off lease and combine that with the overall used market prices expected to decrease...it will be tough to create lots of equity. Not saying it cant be done though. I have done it several times...even on leases.

I just really dont see how they are saying you only have 2k in negative equity. If you only put 1500 down at lease inception, even if you got 7k off MSRP, your car just isnt worth anywhere near 40k or high 30s. They have to be jacking up the price of the sedan you are purchasing.

Or you are just looking at monthly payment amount and cash due at signing...and not caring about principal...this way they can hide whatever numbers they want.

 

Bingo...

 

Alright...so I went to the dealer...liked the car...proceeded with the numbers game. I decided NOT to do it. The list price was 32K. Initially they wanted 39K to make up for the negative equity which is about what 'baksdak' predicted. I got them down to 36K out the door, but ultimately I was not going to do it unless they got down to no more than 33K. 3K difference is a lot and not worth it to me.

So in conclusion...thanks to those who contributed something useful.

Although now I realize that many Infiniti drivers are as arrogant and pompous as BMW drivers. Bummer. Not much of a 'brotherhood'. I'll get over it.

 

You completely missed the point...even if the numbers worked out in your favor (which I knew they wouldn't), your plan still doesn't make any sense. Your reason for not liking the coupe is because you like "raw" cars that are easier to tune and work on. You listed the WRX, S4, and Evo as some cars that you do like. You also said that you don't like "luxury sport" looks but prefer "boy racer" looks. If all of that is true, why would you bother getting a G sedan...which is much tamer (looks and performance wise) than the G coupe. In a recent post you said that you'd rather buy than lease so that you can mod the car. So that makes me believe that you'd buy the G sedan and mod it...which again seems like a huge waste of money because you're gonna be dumping more money into a car that again doesn't match your taste. You said, "my car payments would go down and I'd own the car. Why not??" Because its still not the car you want/like! If you know what you want, keep the coupe until the lease is up and then get what you want. So again...your reasoning doesn't make any sense.

What it sounds like...and again this is me just assuming...is that the real reason you want to get out of the coupe is because you can't afford the lease payment. If any of those other reasons were true you wouldn't be looking at a G sedan...period. You figured the best shot that you had is to get something from the same dealer.

So go ahead and get mad at us and call us names, but in reality you're just getting pissy because you got called out about your ridiculous reasoning and on a deal that doesn't make any sense.

 

I didn't miss the point. I'm not, nor was I ever, planning on modding the sedan or my coupe. It's also not an issue of payments. Initially I was going to buy a used 2009 coupe, but instead leased a new 2013 because the 2009 had too many miles on it for my liking. I wanted to try something different. It's as simple as that! Now that I have...I've decided it's not for me. It's that simple. Do I regret leasing? Yes. The reason I was looking at the sedan is because I thought I would have an easier time haggling my way out of my lease early by going to the same dealership I leased from and buying a car from THEIR lot. It's a bit harder to get out of an Infiniti lease if I'm shopping for an entirely different car from an entirely different dealership. At least now I know I prefer sport sedans/hatchbacks. I will drive my car until the lease is up and BUY what I want when the time comes.

You can try to justify your comments and your special way of subtle insults by blaming me for my decisions you don't understand...but the reality is you're just a jerk hiding behind a keyboard on the internet.