Hello, first time new topic here.
I really need you experts’ advice regarding my q50 3.0t premium lease.
I got this car on Sep. 2017
-Term: 39/10k, lease ends December 2020. (I have 1 year left)
-Current mileage: 31,920
-Allowance: 32,597
-MSRP: $44,9XX
-RV: $21,160.80
I don’t have any clue what to do with my car at the moment…
Any suggestions on where I can start would be super helpful and appreciated.
Cheers…
There’s no way it’s value is anywhere close to the current buyout price. You can either pay the extra mileage, pay the negative equity or get a 2nd car to drive.
Thank you for your suggestions.
I guess the best bet at the moment is to drive as least as possible and pay the extra mileage at the end.
A few things to think that may help.
Infiniti gives $500 for overage of miles at the end of the lease, that’ll get you about 2500 miles
Loyalty Program, $1000 that can be applied to ending your lease early. Depending on your payment if you return the car early you are still allowed the full amount of mileage on the contract since it’s being paid in full.
based on how far over your mileage you are now im guessing this wont help, but how much do you drive on average per week? Is it realistic to just eat the mileage at the end of the lease? right now you are moving at about 15K a year, which at .25 a mile will run you up $3750. Is it realistic for you to just stop driving or will you have to drive a similar amount this year?
The past two years I’ve bee driving over 70 miles per day for a regular commute. I recently started to work somewhere near my house so I am expecting around 25 miles per day.
That is about 125 ~ 130 miles in a week (avg 127.5 miles per week)
127.5 * 52 weeks = 6630 miles in a year
If .25 a mile will run me up $1657.5
So I have an option to try driving less than the expectancy, and take an advantage of the Loyalty Program by leasing a new Infiniti when the lease almost ends?