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Has anyone ever successfully gotten out of their lease early? Just curious. We probably won't do it because I know it damages your credit score. I have a 39 month lease, and am about to go into month 16 on the lease.
If it matters, I have a 2012 Nissan Quest and Nissan/Infiniti own the lease, and am I currently looking at getting the new Nissan Pathfinder or Infiniti JX to replace the minivan.
Yes !!! I have done it twice. and will never do it again . There was no blemish on my credit score because both times it meant buying out the car outright . In fact one lease (BMW) was fairly decent in that the buyout number was not far away from the trade in value . However with Mercedes Benz it was a totally different scenario . MB wanted the entire term of the lease payments BUT they refused to allow me to just surrender the car early to them and buying out the car placed a huge gap from wholesale trade in value. I had no choice but to buyout the car and take a bath in trade in . Never again !!!
In your case going from a Nissan to a Nissan might be easier . Many times companies have loyalty programs for early surenders if they buy the same manfacturer . They still have rolls the upside down cost into the new car and if leasing the payments will be higher .
Says the person who obviously understands nothing in finance.
My lease is currently so much in my favor, I'm not even 2 years in (39 month lease) and they are begging to take the car back early because they're going to owe me money for equity.
I read where the lease contracts are so solid that if by chance you die before every payment is made they will go to the funeral home and stop everything until they get paid.
I leased a 2005 Nissan Frontier Nismo back in 2005 and with about a year left on the lease I had moved to a NJ where my commute was going to be far greater than what I was commuting in NH. I figured I would have to cough up the remaining amount of what I owed on the lease in order to turn it in early so I contacted the financing company. They explained all I have to pay was $1200 which was way less than what I would have had to pay for the remaining payments. I was very surprised. I sent in the amount owed. They sent me a letter stating it was an early turn in and was paid for in full as well as other info and to bring it with me to any local NIssan dealership. I drove my truck to the dealership, handed them the letter NIssan/INfinity had sent me and they did a quick look over, took off my plates and I was on my way. Zero blemishes to my credit report. I have excellent credit and it is important to me to keep it that way.
SO your first step would be to contact Nissan/INifnity...good luck
Take them up on their offer ASAP! That car was an oddball (Z06 looks, stock motor) but once the Z06 convertible arrived the GS Vert became obsolete. When the new Vette arrives the old ones will drop in value especially oddball ones.
We used Swapalease about 10 years ago. It was a pretty positive experience. We did offer a $500 cash incentive to the person that assumed the lease from us which helped us get rid of it quickly.
We used Swapalease about 10 years ago. It was a pretty positive experience. We did offer a $500 cash incentive to the person that assumed the lease from us which helped us get rid of it quickly.
Yea but if they dont make the rest of the payments YOUR CREDIT STILL GETS RUINED along with theirs..Ive seen it happen.
Yea but if they dont make the rest of the payments YOUR CREDIT STILL GETS RUINED along with theirs..Ive seen it happen.
That's not how it works. The new leassee takes responsibility for the contract. With BMW, you pay a $500 lease transfer fee, and the person assuming the lease has to qualify for it with the finance company. It's not on the original leasee's credit any longer.
We used Swapalease about 10 years ago. It was a pretty positive experience. We did offer a $500 cash incentive to the person that assumed the lease from us which helped us get rid of it quickly.
I am not sure about all leases but many lease assumptions still place the original lesee with liabilities .
If the latter is the case with a manufacturer --
Then the only way to be DONE with the car is either to use it for the entire contract term OR buy it outright (then either sell it or trade in).
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