Does Turning in a lease have any bearing on Negotiations

sparks70b

I will be turning in my qx30 soon about 4 months early. It is about 10,000 miles below the 36,000 miles for a 39 month lease. I would think that would allow the dealer "access" to 10,000 miles worth of profit when selling the car. Can that allow me some bargaining leverage.

kyfdx

sparks70b said:

I will be turning in my qx30 soon about 4 months early. It is about 10,000 miles below the 36,000 miles for a 39 month lease. I would think that would allow the dealer "access" to 10,000 miles worth of profit when selling the car. Can that allow me some bargaining leverage.

Not likely. The bank (IFS) owns the car, not the dealer.

Why are you turning it in early?

sparks70b

It is about 4 months before it is due and the dealers and Infinitti are calling and offering incentives to pay off payments and take it back. They both must have something to gain.

kyfdx

sparks70b said:

It is about 4 months before it is due and the dealers and Infinitti are calling and offering incentives to pay off payments and take it back. They both must have something to gain.

It's possible. Usually, they just want to sell a new car, this month

texases

Their gain may come at your expense. Be careful!

sparks70b

I was just suggesting that as a possibility at the same time you posted this. That makes perfect sense. I would imagine the bank sells it to another car sales group of some sort.

Michaell

sparks70b said:

I was just suggesting that as a possibility at the same time you posted this. That makes perfect sense. I would imagine the bank sells it to another car sales group of some sort.

Exactly. And, those 4 remaining payments have to be made.

Most likely, they will end up in your new deal, so you'd be paying for a car that you aren't driving.

Best to wait until the lease is over, then start shopping.