Infiniti q50 negative equity trade in

Ask the Hackrs
1

Hello All,

I am currently in a difficult position on my current lease deal with Infiniti. I have 9 remaining payments on my vehicle and I am over mileage by 11k (each mileage is 0.25). The car is valued between 18-20k in the current state and the buy out amount is 29k. In this scenario should I ride out my lease or trade it in for another lease with say Mercedes. They are offering me a 2016 c300 fully loaded for 41000. Sticker is 48885. The monthly payments will be 600$ for 36 months and 12k miles a year. 0$ down.They will roll in my trade in payoff of 4100$ but I am responsible to pay infiniti my mileage overage 2500$.

Is this a good deal? I pay 518 a month for the q50 now

2

I will attempt to help, but need to clear a few things up:

You are already over the mileage by 11K or you will be by your estimate at lease end?

Mercedes is going to give you $4,100 less than the lease payoff on trade in? Is this included in the $600 per month?

Why would you have to pay Infiniti the mileage overage of $2,500 if you sell or trade it and don’t turn it in to them?

3

I am currently over 11k.

I have 9 more payments of 518$ left. I believe the trade pay off is 4100 because of tax?

I can either roll in the 2500$ mileage over. both dealerships i spoke to said they would pay the remaining months and roll it into the payments and I would have trade it in to infiniti and pay the mileage overage.

4

this is from one of the dealerships

36 months; 672$ 0$ down

msrp:48875
discount:7775
total:41100
taxable fee: 1194.50
trade difference: 41000
registration: 200
pre delivery service charge: 849$
tax: 143.04
non tax fees: 62$
net:43548.54
Trade pay off: 4100
balance: 47648.54

5

Isn’t this the same thing? 2016 C300 Lease Help!

2 Likes
6

My first reaction also.