Hi, we have an Infiniti and the lease ends in November. It looks like we have some equity in it.
Am I correct that we can only sell it to an Infiniti dealership?
Are there any limitations with Infiniti (have to sell it more than 60 days before lease end to get the payoff vs market value payoff, etc.)?
Doubtful but ok. You didn’t put the model or the payoff so that’s why it’s doubtful.
Or a Nissan Dealership or a group such as Autonation which owns at least one of them.
The dealership thing is the first, the 2nd is the website says you must buy from a dealership but if you call they allow you to payoff with a bank check (Assuming you want to keep it)
It’s a 2019 Q50 Signature with 16k miles. Payoff today is $23,800. Carmax is offering $29,000. So if I can get a dealership to buy over $23,800 then there’s equity. We wanted to keep it another month or two (which gets closer to the November lease end) and just wanted to make sure that there’s not some sort of limitation where the payoff is the market price rather than the payoff of the lease.
Interesting…so there is a about a 5k delta there.
Since you are in CA, if you do buy it, and sell to Carmax, you can immediately ask for the SalesTax refund so you still clear $5000 after all that. (10 day rule)
Of course the price will go down each month as Used cars pricing has plateaued.
I guess the Q50 is holding it’s value, the others I’ve seen all are pretty much have zero equity or almost none.
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.