Looking to get out of my Infiniti lease. I got some great offers above my payoff through CarMax and Carvana. However, Carvana refuses to work with IFS. CarMax is trying but getting nowhere with IFS too.
I’ve already searched and seen similar posts, but wondering if anyone out there has actually had any luck recently getting through and selling an IFS leased car.
I’ve tried local Infiniti dealers but of course they’re lowballing and won’t match.
Nissan finance is no longer selling to 3rd party dealers.
Trying to do that now. Car max says having difficulty and a Nissan dealer told me as of 5/10 no longer allowing 3rd party buyouts. To online or physical dealerships. A real bummer. Was in line to make 4K on a 2019 Altima.
That is what many people are reporting:
Your options now are to buy it out, or sell to a Nissan dealer.
Talked to an autonation Nissan dealer and they say they now won’t do so unless you’re buying another Nissan. Can return the car as lease return but on the hook for any payments still due.
Sounds like a corporate policy? Have you asked non-Auto Nation dealers?
If you are just trying to turn your lease into cash and walk-away, that ship probably sailed last week. But worth a try.
Not yet. I can try to check.
You can always buy out the lease and then sell it to whomever you want.
Yes. But I’d have to pay taxes on it. Dealer wouldn’t pay any tax
In California, there’s a 10 day resale period where tax isn’t due. Take doing things in a very specific way, but there is a path there.
The market is pretty strong for used cars.
You can call few Infiniti dealers and ask if they will pay a little over payoff. Tell them the car is worth more than that based on your vroom
/carvana quote.
They need used cars more than ever knowing new ones are not coming for next few months.
IFS just sucks. Never again. I got an Infiniti dealership to give me $500 below CarMax. I drove 45 min with kids in tow and all. Get there and guess what. Even the dealership couldn’t buy it from IFS! The manager was very apologetic and said he’d never encountered this before. And it was the weekend so they couldn’t even call IFS to see why they were being blocked from purchasing through their portal. Guess I’ll find out tomorrow.
I just came back from a local Nissan dealer. They offered me basically the payoff , few hundred over. So I can walk away break even. A far cry from the carmax offers but they know we can’t sell to them anymore.
Hopefully just a glitch on the portal. Nissan and Infiniti dealers should be able to buy from NMAC.
Another option I suppose would be buy it myself and then go to carmax. Requires more steps and time and paying via cashiers check I would think.
I’ve thought about doing this too but I guess it’s a bit risky. If you miss the 10 day window, if you do anything wrong, etc. you’ll get killed on sales tax. I want to get out of this lease badly, but I just don’t know if it’s worth the risk if the Infiniti dealer isn’t able to complete the purchase. Also risky if I start the buyout process and the Carvana valuation changes by the time I get the title (currently $1500 over dealership and $1k over CarMax). So many moving parts.
Yea I agree. Definitely more risky option. I don’t think Florida has a 10 day window anyways, would need to pay the sales tax when buying out from Nissan. But in my specific case. Buyout of 15k plus sales tax would still leave me getting possibly 2-3k out of it. As long as Carmax offer doesn’t change substantially. Right now their offer was 19k.
Only California
True. Thanks
Just as an update. Nissan requires you to go to a dealer for assistance in any payoff. All docs and payment is facilitated through the dealer.
One week too late for this. Could have sold it to carmax before 5/10 with no issue!
What about ALGo? Has anyone tried selling to them? I got a pretty good offer from them and they said they work with Infiniti but I haven’t gone through the process yet…