bocaytomas

after having my G for around 4 onths I've come to this conclusion: Its a fast car, its got great fit and finish, most details were looked into and overall its a nice car. But its not for me. In my rush to get my first car I failed to take my time and it would seem as if I have made a mistake... My question is what should I do? its currently under a 39 month lease, im paying 350 a month and had 4k down payment, in my opinion 350 is a great price, but im truly looking for an SUV, most likely an H2... if you guys could help me out that would be great!

hispeed-lowdrag

iTrader: (7)

IMO, if you WANT to drive a H2 you should stick a fork in a wall socket and try to shock the crazy out of your system

But more to your question, take this as a lesson and always know what you are getting into. Don't just jump at the first thing that tickles your fancy, actually take the time to test drive and find out what you really like.

You could probably sell the G or whatever it is called in reference to a lease and just have the new owner assume the lease. Or take it back to the dealership and see what kind of options they have for you

WPPJR30

iTrader: (13)

First, I would contact your dealer and see if they can do anything for you in regards to exiting your lease. If they can't (or if they refuse to), check out this option - Swapalease.com Worlds Largest Lease Marketplace.

Best of luck.

bocaytomas

I know the H2 might seem a bit radical, but I LIKE it, dont ask me why, i know its slow, heavy, unresponsive and plasticy but I Like it. And taken im big, 230 lbs, I need something more comfurtable

jtla

As WPPJR30 pointed out, Swapalease is probably your best bet. And if you are not looking at recouping your 4k down payment (or just a portion thereof), there should be plenty of takers for $350 a month.

BTW, you haven't done any mod, have you?

bocaytomas

i've actually done a good amount of mods, luckily they are all reversible....

JohnEnglish

Well the H2 has been discontinued after the 2010 model year, production was suspended in January 2009, so if you want a new one, good luck. You can get used ones pretty cheap becuase their value has depreciated like crazy.

15951

You can't just give a lease car back, and the dealer has absolutely no incentive to help you. You're not even looking to buy another car from them, after all.

Mistake #1 was putting $4,000 down on a lease. If you had gotten t-boned leaving the dealership, much of that money would have probably been gone. That said, you have to decide how poor of a financial decision you can stomach. When you go to trade on that H2, the dealer (or Infiniti Financial after the fact) will collect the balance of your lease payments in addition to any wear and tear and disposition fees.
So you're looking at paying $16,250 in order to have the option to buy a car that is part of a dying brand. Read the letter on their website that essentially explains that the brand is phased out. That means your Hummer will depreciate even faster than it would have otherwise, and you'll end up buying it because lease payments will be insane (because of said depreciation), if leasing is even offered. Good luck trying to find a buyer for that vehicle in a few years when you tire of going slow and getting 14 mpg on your best day. You'll likely take another huge hit when you finally dump it for something else.

Definitely try swapalease or leasetrader, and be prepared for time and patience while you try to "sell" the lease and deal with the transfer process. If I were you, I'd just gut it out and drive a very nice car for the next 2.75 years. You mention this is your first car, which tells me you're pretty young. Please take the advice you're getting here and realize that this idea is beyond nuts. If you're totally bent on flushing $16k+ in cash down the toilet, put it into growth funds and thank me in around 35 years.

I know this post is blunt, but this is a bad bad bad BAD idea.

jtla

Totally agreed with 15951. The most financially sound advice is for you to drive it until the end of lease -- and don't do any more mod in between.

You are blessed to have G37 as your first car, and should concentrate on building your career right now, not throwing money away. How do you even know for sure that H2 would be the right car for you? (Don't answer that.)

JaxG

You can call and get the payoff and sell it for the payoff amount, but chances are its probably too high.

JohnEnglish

Well yeah, those are pretty obvious points too. I mean if you got a G37 but now decided that you want an SUV, I don't know what to say. Those are pretty much on opposite sides of the spectrum. Drive the car until the end of the lease and then take your time deciding what you want next.

CGAR

Wait a minute am I the only one who noticed this persons FIRST car is a $40,000 Infiniti! And it was a mistake? LMAO!!!! My first car was a Datsun 720 pickup with a million miles on it and i worked my tail off to get it. Be thankfull for what you have for you are luckier than most.

15951

Perspective is everything.

ozzypriest

iTrader: (2)

swaplease! That'll too funny if you find a willing swapper. What a difference! I mean, no offense man, but who buys a sleek sports sedan and then realizes they really wanted a giant, lumbering psuedo military vehicle!

TheLocNar

iTrader: (5)

Keep the G... I think you're being even more hasty with this H2 thing... when you're blowing $60-80 for gas every few days, you will be kicking yourself even harder.