Last post on Nov 25, 2013 at 12:21 PM
You are in the Sedans
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Chevrolet Malibu, Nissan Maxima, Mazda MAZDA3, Nissan Altima, Honda Accord, Honda Civic, Hyundai Elantra, Lexus IS 250, Acura TSX, Car Comparisons, Sedan
#3254 of 3631 PLEASE Read and Comment if you'd like...
Apr 27, 2013 (7:05 pm)
Iím in a bit of an odd situation. A friend of my momís has a 2010 Infiniti G37 Journey 4-door and her lease expires in a few weeks. Initially, I just gave her some recommendations on certain models to check out and a few good lease specials that also might interest her. But now Iím basically her Ďwing maní and I hardly know her. She is a very nice, classy, attractive 60-year old...but sheís also quiet, has aídryí or Ďhard-to-get-to-knowí personality, which freaks me out! My momís personality (and mine) are the polar opposite and neither of us ever meet a stranger (but my mom is a total sweetheart and I can be a real smart-ss)...anyway, the most frustrating part is that she is IMPOSSIBLE to read based on facial expressions and body language. I feel like Agent Boothe trying to communicate with Dr. Brennan on BONES!
But she has been very open and forthcoming in answering all my questions about money and a few delicate questions about her future plans and personal life. Long story short- her husband is a jerk and she is planning to leave him by the end of the year. I needed to determine her current financial situation and how a divorce will affect her cash flow. I also had to figure out if she would be open to some upscale cars that may not have a Ďpremiumí badge on the trunk!
She pays $497/mo for the lease on the 2010 G37. She was expecting it to stay close to same, just not over $500/mo. She cares more about the look, design and function than the brand name, which opens things up! And she drives like a librarian, so she probably has no clue what has been lingering under her left foot for the last 35 months in the G37. So less power is fine also....
Her credit score is in the 780s and she owns a Physical Therapy practice that cleared over $200k last year. So qualifying for top-tier deals should not be an issue.
I had her do some drive-bys to see several models today-
2013 KIA Optima SX-Limited
2014 KIA Sorento SX
2014 Mazda6 i Grand Touring
2014 Mazda CX-5 Touring/GT
2013 Acura TSX 4dr
2013 Acura TL ĎBaseí
2013 Hyundai Sonata
2013 Hyundai Azera
2013 Hyundai Santa Fe (both versions)
2013 Honda Accord EX-L V6 (killer lease deal)
2013 Volvo S60 T5
So....she completed all of her assignments except she didnít make it to the Hyundai dealership. But I was surprised (and impressed) that she took notes on all the others!
She initially loved the Optima SX-L, but the KIA logo was huge and ugly enough to be a deal-breaker! I didnít say a word to influence her opinion before-hand, but the KIA emblem is as huge as a belt-buckle and looks cheap! It ruins otherwise world-class designs...and my mom passed on the 2013 Sorento for the same exact reason, so itís not just me!
The Mazda6 was love at first sight! She liked it better than her Infiniti, any new Infiniti/Lexus/BMW or anything else. She saw it in SOUL RED and (amazingly, considering her personality) would want it in that color! If her, dare I say...enthusiasm, continues after the test drive, we have the front-runner right here! Iím curious to see what the lease payment would be for 36mos on a GT.....
The Acura TSX was acceptable to her, but she thought the TL ĎBaseí was as boring and ugly as the Mazda6 was gorgeous! She also threw me another shocker- she liked the TSX Wagon best of all! Again, I didnít say a word to her, but these are all my opinions as well. The TL ranges from boring to hideous depending upon trim level and I would pay MORE for the TSX before Iíd drive a TL! I have a 2010 TSX V6, so I obviously love them....especially that Wagon!
Honda Accord EX-L V6- kinda plain, but still classy and upscale looking; couldnít find a single exterior color that appealed to her, but maybe she didnít see ALL of them....and for $0 due at lease signing and $380/month for 36 months with 12k miles per year, she could learn to like dishwater-dull beige!
The Volvo S60 T5 was the other near-ringer, 2nd only to the Mazda6. But all three local dealers have them in one of two configurations- Base T5 with no options in Ice White or Black Stone (the non-metallic Ďfreeí colors) OR Premier Plus/Platinum with every option box checked and a $40k sticker price! Leather, moonroof and maybe even metallic paint would do very nicely on the base T5 and keep the price around $33k...but they donít seem to order them that way....
I still want to her to see the Hyundai models, especially the new Azera. I ended up renting one a few weeks ago and, Iím not ashamed to admit, my 38-yr old butt would join AARP right now if theyíd give me one of these! Her only two complaints about the Infiniti are the (too) firm ride and low fuel economy. I was very surprised that the new Azera is NOTHING like the previous Azera! It handled somewhere between an old Buick and a parade float, even bouncing a bit after expansion joints on the freeway....the new car is very comfy, but firm and not floaty at all.
I also want her to see the entry-level Audi models, perhaps the Infiniti CUV models and (even though Iím not a Lexus fan) weíll ride thru the lot and see who falls asleep first from sheer visual boredom!
What else am I missing??? Maybe the Nissan Maxima?
#3255 of 3631 Re: PLEASE Read and Comment if you'd like... [igozoomzoom]
Apr 27, 2013 (7:38 pm)
If she likes bigger cars, then the new 2013 Toyota Avalon drives like a luxury car and is much more sleekly styled than last year's design. She can even get a 40MPG hybrid model.
If she doesn't need a big car, she may like a BMW 320i or 328i or an X1.
If she really likes the Mazda 6 and is not bothered by the road noise on the highway, she could get that and save some money.
She might like the Buick Lacrosse or even a Verano is she doesn't mind smaller cars.
High trim VW Passat or Passat CC can be nice also.
#3256 of 3631 Re: PLEASE Read and Comment if you'd like... [igozoomzoom]
Apr 27, 2013 (9:21 pm)
NEW Development....Iím very seriously considering buying her G37 instead of her turning it back in to the dealer!
Iíve never seen the car before and I just assumed it was a Journey with Premium Package, like 99% of leased G37 models. I tried not to think about why she was paying $500/month for it and a 2013 can be leased for $299/mo....but I just got the answer about an hour ago.
I had her scan and email her lease contract so I could check out the turn-in requirements and any nit-picking b.s. It stated the carís MSRP as $44,470 and a discount of $3900 for a Cap Cost of $37k and change after down payment. But the Journey with Premium Pkg MSRP shouldnít be over $38k...so she sent me a scan of the window sticker....it has EVERY freakiní option available including the SPORT Package, NAV, Tech Pkg.....
My mom had said it was Silver, but itís actually Graphite Shadow, which is a plus for me! It has Graphite Leather with Real Maple Interior Trim.
No wonder she thinks it rides too firm- it has 18Ē W-rated Summer Performance tires, 225/50 on front and 245/45 on rear AND a sport suspension package....duh!
It has all of the following-
Power Moonroof, 10-speaker Bose Audio System, Power tilt/telescope steering wheel, 2-position memory w/ steering wheel, mirror and seat position memory, Smart Key w/ seat/mirror memory
Adaptive Cruise Control
Front pre-crash Seatbelt System
Brake Assist w/ Preview
Collision Warning System
Advanced Climate Control System
Interior Accent Package-
Real Maple Trim on Door Panels, Dash and Console
12-way Power Sport Driverís Seat
Sport-tuned steering, suspension & brakes
Solid magnesium paddle shifters
Aluminum pedal accents
Viscous Limited Slip Differential
Sport front fascia, side sills and unique sport headlights
18Ē Premium Alloy Wheels
P225/50WR18 Performance tires (front)
P245/45WR18 Performance tires (rear)
The dealer has an identical looking one w/o Tech Pkg or Maple Trim for $28k. Her lease-end purchase option is $20,874 per the lease contract! So I can buy it at that price....right at $22,300 with tax, tag and title. I told her Iíd buy it for that and put $1k toward the down payment on her new lease!
This is so crazy! I just bought a CPO 2010 Acura TSX V6 on 4/13....two weeks ago yesterday! I love it but it doesnít have the Tech Pkg (no NAV or Premium Audio) and this G37 is beyond loaded! I was fortunate enough to pay cash for the Acura, so Iím taking it to Carmax tomorrow to see what they will give me. If nothing else, I can finance the G37 until I sell the TSX....
Iím going over to her house first thing in the morning (this morning now) to see and drive it! But I canít see any reason not to go for it! She didnít even realize how loaded it was and figured all G37s had those features...even though she didnít use or know how to use a lot of them.....wow!
#3257 of 3631 Re: PLEASE Read and Comment if you'd like... [igozoomzoom]
Apr 28, 2013 (5:16 am)
You may need to work something out with a dealer (carmax could probably do it along with buying yours) because most lease buyout are for the leasee only. So in other words SHE can buy out the lease (and pay sales tax on it or however your state works) and then sell it to you (and you pay sales tax again!). But if you work out the deal properly, you should be able to get a dealer to buy out her lease from her and sell it to you at a predetermined price and take your car in on "trade". They usually like to make a few bucks on a deal like that (i've paid $300-$500).
You should probably find out what she could get on trade for her car and make her whole on the deal. I'm guessing she's got more than $1,000 in equity if she were to trade it in on her next vehicle. Then again...she may REALLY like you and not mind taking care of her sugar baby.....ha!
#3258 of 3631 Re: PLEASE Read and Comment if you'd like... [sebring95]
Apr 28, 2013 (6:59 am)
After talking with two friends in the business (one is the GM at a Toyota dealer, the other is a Used Car Mgr at a Honda dealer), I think I have it figured out.
I can add her name as co-owner to the title of my Acura. Then she can trade it in on the Infiniti and buy out the lease and have it titled in both of our names just like the trade-in.
When I get the hard copy of the Infiniti title, she and I can go down to the County Tag office and have her removed leaving my name only on the title. If we trade the Acura (which has no loan) I can cover any difference to buy out the Infiniti in cash, so there won't be a loan complicating the whole thing....
I already have 1mil/1mil/100k liability limits on my auto policy plus a $2mil umbrella on top of that. That will protect her assets during the time her name is on the title of the car I'm driving. If anyone questions any of these actions, I'll tell them she's my Cougar/Sugar Mama...until we remove her name from the title eventually, then she'll be the Cougar that chewed me up spat me out...give 'em something to gossip about!
Trading the Acura would reduce the tax on the G37 purchase by at least $1350, so I'll give the $1k plus $1350 ($2350) to put down on the new lease. If she were to decide to go with an Acura instead of the Mazda, they also have a $1500 Conquest Bonus offer that she could get with her name still being on the Infiniti title....
I talked to her just a few minutes ago and told her that it was easily worth $23,500 trade-in or more and I wanted to pay her what she would get on trade-in. But she flatly refused and told me even knowing that she could buy it and turn around and immediately trade/sell it for $3k more, she wouldn't go thru the hassle and paperwork! Did I mention that she made over $200k last year? Must be nice....
Besides, she considers my time and effort in finding her the best new car fit and getting her the best deal on it very valuabele. I really don't mind doing it at all, but she seems genuinely grateful for my help! I don't think anyone has ever done that before..... =)
So she feels that things are 100% equitable with me paying the lease buyout and no more. She says she won't accept any of the $2350 I plan to give her for down payment, but I told her that I'd be there with her and I'll hand them the certified bank check for $2350 when we walk into the F&I office!!!
Of course, it is pouring rain here in Georgia today and thunderstorms for the rest of the day....I'm still going over to look it and drive it, but won't be able to really try it out until the roads are dry....dangit...
#3259 of 3631 Re: PLEASE Read and Comment if you'd like... [sebring95]
Apr 28, 2013 (7:06 am)
"Then again...she may REALLY like you and not mind taking care of her sugar baby.....ha!"
She and my mom were joking about that earlier on the phone and then mom called to give me a hard time about it.
Let's just say that there is NO chance of anything like that ever happening.
I'm trying to think of the best way to put this....
I'm 1/16th Cherokee Indian and my best friend and I went to Cherokee NC to the Casino and Reservation several years ago. I wanted to meet an Elder/Chief who could give me my 'Cherokee' name, but we got tired of waiting in line after an hour or so. We went back to the Casino and started gambling and getting hammered. Once I had a good buzz, my best friend (since 7th grade, 25+ years) christened me "Dances With Boys" and in return, I named him "Flaming Arrow"....understand?
#3260 of 3631 Re: PLEASE Read and Comment if you'd like... [igozoomzoom]
Apr 28, 2013 (7:50 am)
LOL. I think you could have just said it bluntly, but thanks for the story.
#3261 of 3631 Re: PLEASE Read and Comment if you'd like... [qbrozen]
Apr 28, 2013 (12:53 pm)
Well, you know that my people have a flair for the dramatic, so the story was the natural way to go....
I have a cousin who loves to call me a "Confirmed Bachelor" and loudly ponders my plight at family funerals and other inappropriate times...in a thick Southern accent, "Jason, son, I'm starting to worry about you! You are 38 years old and it keeps me up some nights wondering when you are finally going to meet the right girl? And it breaks my heart that instead of being happily married with a few kids and rentin' that single-wide next to ours, You are still living with your college roommate in that big old new 4-bedroom Craftsman style home inside the Atlatna city limits with all the sin and evil right in front of you every day, almost like it's in your own bedroom....But I still have faith that Jesus has one picked out there for you somewhere....y'know, that cashier at the Piggly Wiggly, the one who had to go on Workmans Comp cause she was so fat she collapsed the stool at her register, I think she's single and she's lost almost 20 pounds, only 380 more to go and she can fit in one airlplane seat..."
I kid you not, this happens out loud where others can hear it...I triple my daily Valium dosage (and chew them) during those warm family moments...;
#3262 of 3631 Re: PLEASE Read and Comment if you'd like... [igozoomzoom]
Apr 28, 2013 (5:51 pm)
Short story long...haha! Most women want a friend of your persuasion...so you could still be the sugar baby...just not much sugar.
I think the title dance is a lot of work to get to the same place as a dealer just processing the paperwork for a nominal fee. I've done this numerous times and it's never been a problem.
#3263 of 3631 Re: PLEASE Read and Comment if you'd like... [sebring95]
Apr 28, 2013 (6:20 pm)
"Short story long...haha! Most women want a friend of your persuasion...so you could still be the sugar baby...just not much sugar."
Haha, she's very resourceful and made one of her own, it took about nine months and he is 24 now!
That is actually how she and my mom became friends. Mom was seeing a physical therapy at her practice and overheard her having a conversation with another therapist about her son, Jordan. She was very worried about him because he struggles with bi-polar depression. After mom's therapy was finished, she took her outside and gave her a big hug and they talked for over two hours. That was three years ago...
Also, I'm the very rare sub-type of gay that is not good sidekick material for most women....they didn't even know my kind existed prior to me....I am what is known as a "boring gay"....a few years ago, I attended a charity event with my best friend and a drag queen was hadning out "Most Likely Awards" to random audience members. I was named "Most Likely to Be Mistaken for A Soccer Dad!" =)