Hi, just looking for some advice on a Red Sport lease. I have one now with 3 payments left. I have an offer to turn it in for a new RS that has a few more features, and of course a higher MSRP, $63,900.
The current offer I have is for $542/month with $5400 down, 10k miles per year. I also put down $5k in security payments on my current car, which they would keep as part of the deal. So basically it seems to me like $10k down. The payoff on my current car is $26.5k, trade allowance is $32.5k.
Just wondered if anyone had any thoughts on whether this is good/bad/indifferent. Thank you.
Iām not sure what you mean by āold carā. This would be brand new 2024 model. Maybe Iām misunderstanding something. Still, I donāt think Iām going to do it.
Holy moly. I havenāt seen one of these leases in ages. I have a '19(?) back when they first came out with the slight refresh. It was/is a great car for what it is, but I certainly wouldnāt get one now (unless nearly free).
It was more great years ago. The car came out in like 2014 and hasnāt changed much. I had 3 Infiniti cars, the last being the 2019 RedSport when it was āredesignedā.
The monthly payment would have to be very very cheap to remotely spark my interest now. Granted, times have definitely changedā¦but your offer is way above and beyond what I had paid (again, for the same car).
Maybe Iām missing something, but I donāt thing I have any equity, my current car is a lease thatās coming to an end. Iām not too sharp on this stuff though.
Iām not really up on whatās new and dandy these days. The car seems fine to me. Iāve had zero problems with this or the last two I leased. Itās pretty darn quick when I want it to be, and itās got plenty of bells and whistles. Anyone that gets in it is very impressed, not that itās a concern.
What would I get from a newer design car? Is there something comparable in terms of performance, features and reliability in the price range? Iām more than happy to consider something else, but it needs to have at least the same oomph when you punch it.
Sell it and move on to something else. $64k for a vehicle designed a decade ago is insanity. There is plenty of other ICE 400hp fun coupes out there to be had.
It is still a nice car compared to some. Iād say go for it if the money makes sense. The numbers Iāve seen so farā¦do not make sense for the car. I havenāt shopped them in a looong time, but you should be able to do much better than that.
Iāve had over half a dozen Nissan/Infiniti carsā¦Zās & Qās. So this is coming from a fan of the cars.
This is what I have so far:
Market Value Selling Price 63,930.00
Discount 4,750.00
OWNER LOYALTY 1,500.00
57,680.00
DEST 1,150.00
58,830.00
Trade Allowance 32,500.00
26,330.00
Plus
Tax/Title/Fees & Payoff
Not sure if that makes it look any better. Iāve looked at Audis, still have to research which models would be similar to the RS. Most people I know with German cars seem to spend a lot of money on service and repair though.
So what do you get in a car that was more recently designed? I donāt care too much about avionics. It seems like the more tech there is in car the more problems there are. My existing car already has more stuff than I want. Too bad they donāt make dumb cars any more.
Your equity is the difference between the $32.5K theyāre offering and the $26.5K buyout. Assuming you could get $32.5K for it elsewhere, the $6K is equity.
Have you considered buying your current car out and keeping it? Nothing wrong with a new one, but if youāre happy with it you could buy the current one for what youāll pay for another three year lease.
from the trade allowance and get another car - $10k down on a Q50 makes no sense especially since itās a old car now