swapping UP from leased qx4 ?

[sfgpny]

i have a 1yr old leased qx4 with approx 15k mi on it. i am curious if the 'math is too fuzzy' to come out of a lease that is only 1yr old to get into one of these trucks? addition of 2nd baby now makes it impossible to travel with anyone other than kids ... 3rd row looking real attractive but AM I STUCK? ANY/all thoughts, welcome.

[JKrd101]

Go to kbb.org and get the "trade in" value for your car, contact Infiniti Leasing or whomever and get the "pay off" value, if your pay off is higher than your trade in value, you will be upside down (or owe money when you trade in for the QX56). Good luck.

[dfw_danny]

i have a 1yr old leased qx4 with approx 15k mi on it. i am curious if the 'math is too fuzzy' to come out of a lease that is only 1yr old to get into one of these trucks? addition of 2nd baby now makes it impossible to travel with anyone other than kids ... 3rd row looking real attractive but AM I STUCK? ANY/all thoughts, welcome.



It depends on where you have your current lease. If it is with IFS and you have been in the lease at least 12 months you can take advantage of the Early Termination program which is a part of the contract. The other thing that really impacts you is the original cap cost of the QX4.

Call Ralph Kinchem 888-447-8227 ext 4040 and he can give you more details.

[nismoZX]

i have a 1yr old leased qx4 with approx 15k mi on it. i am curious if the 'math is too fuzzy' to come out of a lease that is only 1yr old to get into one of these trucks? addition of 2nd baby now makes it impossible to travel with anyone other than kids ... 3rd row looking real attractive but AM I STUCK? ANY/all thoughts, welcome.



It depends on where you have your current lease. If it is with IFS and you have been in the lease at least 12 months you can take advantage of the Early Termination program which is a part of the contract. The other thing that really impacts you is the original cap cost of the QX4.

Call Ralph Kinchem 888-447-8227 ext 4040 and he can give you more details.



what is this early termination program?

[futureXterra]

Does the early term only apply to Infinitis, or do you know if Nissans through NMAC also have this agreement?

[yup]

i have a 1yr old leased qx4 with approx 15k mi on it. i am curious if the 'math is too fuzzy' to come out of a lease that is only 1yr old to get into one of these trucks? addition of 2nd baby now makes it impossible to travel with anyone other than kids ... 3rd row looking real attractive but AM I STUCK? ANY/all thoughts, welcome.



It depends on where you have your current lease. If it is with IFS and you have been in the lease at least 12 months you can take advantage of the Early Termination program which is a part of the contract. The other thing that really impacts you is the original cap cost of the QX4.

Call Ralph Kinchem 888-447-8227 ext 4040 and he can give you more details.



Actually it depends on several things.

1 - What was the cap cost of the lease?

2 - What was the term, the length, how many lease payments did you agree to make?

If the cap cost was MSRP you are toast. If the term was longer than 36 months you are toast.

I say toast because leases are not intended for early termination.

Leases are designed to let you rent a vehicle for a period of time for a smaller monthly payment than a purchase would require.

Leases are excellent instuments for allowing one to roll negative equity from a previous auto loan.

Leases serve the consumer well but the consumer needs to be educated as to the do's and do not's of leasing.

This is where your Hometown Infiniti dealer comes in.

The dealer can work with you and trim his profit on the QX56 and give you a generous allowance for your QX4 and try to make the deal happen.

You may be rolling some negative equity into the new lease but if you can stand the payment it might work.

If you go this route you are in the QX56 for the duration of the lease agreement you sign, it's called buried, so buyer beware.

The ideal term for leasing a new vehicle is 36 months.

48 month leases are getting a bit long but tollerable.

60 month and longer, you should have purchased.

I have had success in early terminating not one but three leases. Primarily due to the fact that my dealer worked with me on all three occassions. I will tell you that my payments went up but I held to the shorter term.

Also you need to do business with a dealer who believes in total disclosure.

Not simply the full disclosure required by law, but total disclosure required to keep customers coming back.

What market are you in?