Does Turning in a lease have any bearing on Negotiations

sparks70bsparks70b Member Posts: 3
edited February 2020 in General
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.

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  • kyfdxkyfdx Moderator Posts: 190,783
    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?

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  • sparks70bsparks70b Member Posts: 3
    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.
  • kyfdxkyfdx Moderator Posts: 190,783
    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

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  • texasestexases Member Posts: 9,577
    Their gain may come at your expense. Be careful!
  • sparks70bsparks70b Member Posts: 3
    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.
  • MichaellMichaell ColoradoModerator Posts: 186,068
    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.

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