Lease End Decision Making 2022 Nissan Pathfinder

Ask the Hackrs
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1

Hi all,

Have appreciated advice from this community in the past. Currently have about to end nissan pathfinder (2022 SV premium) that I already extended the lease and NMAC wont extend again. My in-laws appreciate having access to a car when they come and encouraging me to purchase this one end of lease.

Buy out is $26100 or so and market price seems to be pretty similar based on carmax, carvana and other calculators (getting $24-27k) so surprisingly not much equity even though only at ~20k miles on odometer and excellent condition.

What would you guys do? I could probably try and get a smaller lease for pretty cheap but no or minimal expected equity from that, considering something like cheap EQB loaner or maybe Q4 etron if could find something decent. We would need 7500 miles or less this would be a pretty infrequently used car. I seemed to miss the ariya boat last year which wouldve been nice to pull the trigger on and swap this in for.

We dont strictly need another vehicle and could just rent when they come to visit but we have a 18month old another on the way so they come about every other month for 2 weeks or so. Thats probably 4-6x 1-2 week rentals per year which would add up.

If we bought the car and then tried to sell it in another 2 years with maybe another 5-10k miles on it, I guess it may be worth ~$15-20k or so? I know hard to know but seems difficult to figure out best move. Obviously our car insurance would go down getting rid of this car, and also would go up if we put another highish value EV on it so worth considering as well.

What would you guys do? Appreciate your guys thoughts!

2

this car is worthless. you’d immediately be funding an asset that’s around $10k+ upside down.

1 Like
3

Turn it in, and if you like-like your inlaws rent them a car when they visit. Don’t take a depreciation bath on this and keep paying insurance/maintenance.

4

There’s almost nothing in between worth buying for a 3-row gas vehicle, it’s either a fully depreciated Highlander sub $10,000 or a brand new Sorento/Santa Fe.

5

Just rent a Pacifica when they visit.

Congrats on the new addition! And enjoy the hilarity and wonder of the 18 month old, that toddler age is really special.

6

10 weeks of rentals will add up quick. And transferring car seats will get old quicker.

7

Stopped
reading
right
here

8

I should clarify as it may shape the context that the in-laws are willing/want to contribute most if not all of the cost of this but I have been kind of fundamentally a little opposed to purchasing this car, given the rate it’s been depreciating and the overall investment into this asset.

9

Finance a new Santa Fe or Sienna depending on what their contribution is