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Prices Paid: Buying & Leasing Experiences Infiniti G37 Lease Questions
4725 messages, Last post on Dec 07, 2009 at 9:27 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ghstudio (May 15, 2008 5:53 pm) How do I learn to run the numbers myself? What are the required parameters? Residual? Interest rate? Invoice? What do I need to know? What need I do with that information, so that I am best prepared to negotiate the best possible deal? Thank you. |
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So, is Gap insurance included with the standard IFS lease? It was on my Nissan lease 3 years ago. It states... Section 26 - Damage, Loss or Potential Loss of This Vehicle... If this Vehicle is stolen (and not recovered) or destroyed, we will accept insurance loss proceeds in full satisfaction of your early termination liability if you are in compliance with the lease terms... It goes on to say that if the insurance loss proceeds exceed your early termination obligations, then the excess will NOT be refunded to you.
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Replying to: brian62 (May 15, 2008 7:29 pm) When I get some time, I will look at my contract but I think it has language similar to what you quoted. Dennis |
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any recommendations for an infiniti dealer in the NY tristate area?  looking to lease a g37 Thanks |
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Replying to: brodway (May 15, 2008 6:01 pm) If that is your point, then no one was arguing with you..  My points were: 1) Your insurance company is going to pay fair market value if you total the car. On a lease, with nothing down, this is likely to be far less than the balance owed to the leasing company. Not possibly... likely.. 2) GAP insurance is only going to pay the leasing company what they say is the shortage. If you and the leasing company disagree, hopefully you have an attorney on retainer. 3) If the leasing company chooses to use your MSDs to lower the payoff of the lease, before applying GAP, see #2 about needing an attorney. Is it supposed to work that way? Of course not. But, we've already had ancedotal evidence of that very thing. In the meantime, they have your money, and you don't. regards, kyfdx
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Replying to: brian62 (May 15, 2008 7:29 pm) "we will accept insurance loss proceeds in full satisfaction of your early lease termination liability" as long as your lease is paid up, etc, etc. Dennis |
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Replying to: dwynne (May 16, 2008 10:42 am)
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Replying to: dwynne (May 16, 2008 10:42 am) |
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Replying to: kyfdx (May 16, 2008 10:45 am) This does not mean you get MSDs back or that you don't  . Dennis
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Replying to: dwynne (May 16, 2008 11:39 am) The "total your car" scenario worries me a bit, though... From a strictly financial point of view, MSDs are a great deal.. |
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