Monthly payment: $505.88
Effective payment after incentive: approx. $355.88/month
Current mileage: approx. 26,000
Maturity mileage: 36,000
Effective miles per month remaining: approx. 500
Maturity date: May 16, 2028
MSD: $3,000 existing MSD
Cash due: $0
Incentive for new lessee: The existing $3,000 MSD is being left with the lease for the new lessee — this is the $3,000 incentive, not an additional cash payment.
Financial institution: Infiniti Financial Services
Transfer fee: Buyer to confirm/pay with Infiniti
Out-of-state transfer allowed: Yes, buyer responsible for pickup/shipping
Extra mileage through Infiniti is only $0.10/mile.
Reason for transfer: Just changing vehicles. Car is in good condition and ready for someone to take over the lease.
I believe Infiniti Financial Services allows you to transfer your lease to another person. However, your name stays on the lease as a guarantor. This means that even after the transfer is approved, you are still responsible if the new lease holder misses payments, defaults on the lease, or fails to meet the lease terms. In that situation, IFS can still hold you financially responsible.
As far as I know it hasnt changed so I’m a little nervous for that reason. My thinking is that if someone has strong credit they would not want to risk that as well but I guess its kind of scary
Very important point to consider! As far as I’m concerned, any brand that keeps the original leasee on the hook is not a brand that actually offers transfers. I would never transfer a lease unless I am completely released from liability.
OP you should think long and thoroughly about this move.
