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Prices Paid: Buying & Leasing Experiences Infiniti G35 G37 Lease Questions
3309 messages, Last post on Jul 08, 2008 at 7:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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 7:01 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 8:29 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 11:42 am)
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Replying to: dwynne (May 16, 2008 11:42 am) |
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Replying to: kyfdx (May 16, 2008 11:45 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 12:39 pm) 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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Replying to: kyfdx (May 16, 2008 4:43 am) Damage, Loss or Potential Loss of This Vehicle You are responsible for the risk of loss, damage or destruction of this Vehicle during the lease term and until you return this Vehicle to us as required above. If this Vehicle is damaged or destroyed in an accident or other occurrence or confiscated by any governmental authority or is stolen, abandoned or subjected to potential loss, you will immediately notify us and we may terminate this Lease pursuant to the terms of this Lease. 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 following: 1) your insurance obligations under this Lease are satisfied; 2) your policy covers the casualty and you have paid the deductible required by the policy; and 3) your Lease is not in default. If the insurance loss proceeds exceed your early termination obligations, then the excess will not be refunded to you. Any capitalized cost reduction made by you will not be refunded in the event of a total loss. If you owe any past due payments or other amounts under this Lease, we may use your security deposit to offset such amounts. and this part: Security Deposit We may use the security deposit to offset any amounts that you owe under this Lease. If you perform all of your obligations under this Lease, the security deposit will be returned to you at the end of the lease term. No interest, increase or profits will accrue or be due to you. We have no duty to segregate the security deposit and do not have a fiduciary duty to you in regards to the security deposit. The key phases to me are "if you perform all of your obligations" and "returned to you at the end of the lease term". Clearly, if your car it stolen or totalled you will not be able to perform your obligations (return the car is proper shape) and it will not be at the end of the lease term. They also say if they are overpaid for the car, then too bad for you. So even reading the contract it is clear as mud, so (again) unless you get it in writing from IFS what happens to the MSDs in the even of a total loss then I would not use that option. Dennis
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Replying to: helices (May 15, 2008 8:15 pm) That payment was a little high because I rolled two payments from my 05 G35 lease into the new lease. I learned my lesson this time. I got 12K miles per year(I was 16K under my allotment last time) and I did 36 months instead of 39 months this time.
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I am about to lease an 08 G35 w/premium & sport package through the VPP plan. The dealer is offering the car for $33800 and I am putting $2100 down (I know not to but the wife wants payments below $400). To make a long story short payments will be $381/mo. for 36/mo. The problem is that the initial price was $32708 and payments were $369/mo. The salesman's contention is the price of the car went up once he discovered it has some dealer add ons (pinstriping and wheel locks, neither of which I care for). The deal is awful tempting my wife is trying to draw a hardline but I haven't seen any pricing this low. Any thoughts?
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