Jump on this deal or wait a year?

Eric SS · 10-13-2016, 09:00 AM

Here's my dilemma. I have 15 months left of my wife's Q60S lease but may have an opportunity to get $14k off of a 2016 2SS. The total amount left on my wife's lease to pay is $5,600 over the next 14 months. Do I wait and hope for this type of sale next year or purchase now and eat $5,600. That's still $8,400 off MSRP taking into consideration the loss on the Q60 lease. What are the chances of 20% happening late next year on 2017 models? Taking a loss of $800 next October sounds better than $5,600 now.

To answer a few possible question, the lease books out way lower than trade value so not worth trading it in instead, and I do have the option to at least try to find someone to take over the lease terms (that is allowed through Infiniti Financial) so there is a chance I can recoup the loss by transferring the lease.

Thoughts? Wait and hope or jump on a great deal which ends up being $8,400 off of I take into consideration the lease difference.

Billabongi · 10-13-2016, 09:20 AM

All depends on if the Camaro's take off in sales or not. Right now sales are way up due in large part to the 16% & 20% off deals. I'd venture to say you can expect to see at least 15% around this time next year but it's all a guessing game.

NCSD · 10-13-2016, 09:41 AM

We were in a similar situation. My wife had a toyota prius lease and she hated driving that car. When Jeep had 7000 off sale on wrangler rubicons we still had 8 months left on our lease. I didn't want to pass up the great deal so we got creative.

We took the prius to car max to see what they would offer and if it was better to sell it to them for cash, or just keep it for 8 more months. They paid us over the payoff value and instead of paying for 8 more months we had to pay for about 3 months out of pocket to get out of it. I'm just guessing and I could be looking at this wrong , but I think we saved 5 months of payments and insurance and another years registration.

If we kept it with insurance registration lease payment it would have cost about $2000 -$2500 to keep it and ride out the lease. We ended up selling the car to car max and giving them a check for 800 dollars . In the end , we cut our losses, but we still probably saved $1200 - $1700 dollars compared to keeping it. And we got the deal of a lifetime on a loaded 4 door rubicon.

I just bought a loaded 2ss for 13k off msrp 47k I payed 34k. Amazing car for the money. I sold my track miata last night and took a 2k loss. But the deal on the 2SS more than makes up for it.

Try car max. They do lease buy outs all the time, they take care of all the paperwork and pay it off for you, it only takes 40 minutes for the appraisal ( which used to be more $$ than dealers give you, not sure about now days, that was 2 years ago) and they give you a week to think about it. Then go home and do the math. Every car is different, for some cars it works, others it doesn't.

It worked for us.

Eric SS · 10-13-2016, 09:49 AM

That Carmax idea is a great idea. It doesn't hurt to take it by them. Thanks for the tip.

BahamaTodd · 10-13-2016, 09:50 AM

Overall industry sales have peaked and we are on the down slope. I think we will see similar good deals all next year as manufacturers try to keep sales up.

JLSuperfly · 10-13-2016, 10:09 AM

Quote:

Originally Posted by Eric SS

That Carmax idea is a great idea. It doesn't hurt to take it by them. Thanks for the tip.

Do let us know how it turned out.

GroundhogSS · 10-13-2016, 02:03 PM

Some dealers will match or beat what CarMax offers you. They did the match on my G35, which gave me $1000 more than they were originally offering me. Plus the tax savings we get for trade-in allowance.

NCSD · 10-13-2016, 03:03 PM

Nice angle, I didn't think of that. Most dealers try to lowball you at first, but if you have a quote from Carmax they'll sharpen their pencils. There you go you just made another $1000 dollars in saved taxes.

Eric SS · 10-13-2016, 06:48 PM

I decided to go for it. I haven't taken the Infiniti into carmax yet to see what they might give me for it. Thanks for the tips all!

kasperdsmk · 10-14-2016, 12:20 AM

Quote:

Originally Posted by Eric SS

I decided to go for it. I haven't taken the Infiniti into carmax yet to see what they might give me for it. Thanks for the tips all!

I would wait... I promise you the 20% off will be there this time next year. Save your money

Eric SS · 10-14-2016, 10:27 AM

Quote:

Originally Posted by kasperdsmk

I would wait... I promise you the 20% off will be there this time next year. Save your money

It's really not saving money any way you slice it up. If I buy in 1 year I'll still have made all of the lease payments. I just won't have double payments (Infiniti and Camaro) until I buy. Sure I'll have a 1 year newer Camaro but there's no difference in the 16 to the 17 and on a long enough timeline (I'm planning on keeping it for a long time) the 1 year difference won't mean much in resale. My wife (The Camaro is for her) puts about 5,000 miles per year on her car so the mileage won't be that much higher than holding off a year when I sell it in the future also which will help with depreciation as well.

By buying a year earlier I'll just have it paid off a year earlier. And I can afford the double payments or the lump some payoff of the Infiniti lease. Either way, it comes out to the same in the end. Plus new car rates are slightly creeping up so there's that to. Even .5% can add up.

So I'm happy with my decision. Thanks all.

10-13-2016, 09:00 AM	#1
Eric SS #becauseracecar Drives: 2016 SS Sedan, 2016 Camaro SS Join Date: May 2015 Location: Phoenix Posts: 2,959	Jump on this deal or wait a year? Here's my dilemma. I have 15 months left of my wife's Q60S lease but may have an opportunity to get $14k off of a 2016 2SS. The total amount left on my wife's lease to pay is $5,600 over the next 14 months. Do I wait and hope for this type of sale next year or purchase now and eat $5,600. That's still $8,400 off MSRP taking into consideration the loss on the Q60 lease. What are the chances of 20% happening late next year on 2017 models? Taking a loss of $800 next October sounds better than $5,600 now. To answer a few possible question, the lease books out way lower than trade value so not worth trading it in instead, and I do have the option to at least try to find someone to take over the lease terms (that is allowed through Infiniti Financial) so there is a chance I can recoup the loss by transferring the lease. Thoughts? Wait and hope or jump on a great deal which ends up being $8,400 off of I take into consideration the lease difference.

10-13-2016, 09:20 AM	#2
Billabongi Drives: '17 SS 50th Camaro Join Date: Apr 2012 Location: Tampa, Florida Posts: 921	All depends on if the Camaro's take off in sales or not. Right now sales are way up due in large part to the 16% & 20% off deals. I'd venture to say you can expect to see at least 15% around this time next year but it's all a guessing game. __________________ 2017 50th Anniversary 2LT\RS - #1583 SOLD 2017 50th Anniversary 2SS - #3410

10-13-2016, 09:41 AM	#3
NCSD Drives: Nightfall, 2SS, A8, MRC, NPP,RE-71R Join Date: Jul 2016 Location: United States Posts: 250	We were in a similar situation. My wife had a toyota prius lease and she hated driving that car. When Jeep had 7000 off sale on wrangler rubicons we still had 8 months left on our lease. I didn't want to pass up the great deal so we got creative. We took the prius to car max to see what they would offer and if it was better to sell it to them for cash, or just keep it for 8 more months. They paid us over the payoff value and instead of paying for 8 more months we had to pay for about 3 months out of pocket to get out of it. I'm just guessing and I could be looking at this wrong , but I think we saved 5 months of payments and insurance and another years registration. If we kept it with insurance registration lease payment it would have cost about $2000 -$2500 to keep it and ride out the lease. We ended up selling the car to car max and giving them a check for 800 dollars . In the end , we cut our losses, but we still probably saved $1200 - $1700 dollars compared to keeping it. And we got the deal of a lifetime on a loaded 4 door rubicon. I just bought a loaded 2ss for 13k off msrp 47k I payed 34k. Amazing car for the money. I sold my track miata last night and took a 2k loss. But the deal on the 2SS more than makes up for it. Try car max. They do lease buy outs all the time, they take care of all the paperwork and pay it off for you, it only takes 40 minutes for the appraisal ( which used to be more $$ than dealers give you, not sure about now days, that was 2 years ago) and they give you a week to think about it. Then go home and do the math. Every car is different, for some cars it works, others it doesn't. It worked for us. Last edited by NCSD; 10-13-2016 at 09:53 AM.

10-13-2016, 02:03 PM	#7
GroundhogSS Drives: '17 2SS convertible'20 Yukon Denali Join Date: Nov 2011 Location: Cedar Park, Texas Posts: 2,934	Some dealers will match or beat what CarMax offers you. They did the match on my G35, which gave me $1000 more than they were originally offering me. Plus the tax savings we get for trade-in allowance. __________________ Richard 2017 2SS SIM convertible, A8, NPP, MRC, 56R wheels, GM CAI, Diode Dynamics Side Markers Delivered: 08/15/2016 #TeamBeckyD

10-13-2016, 09:49 AM	#4
Eric SS #becauseracecar Drives: 2016 SS Sedan, 2016 Camaro SS Join Date: May 2015 Location: Phoenix Posts: 2,959	That Carmax idea is a great idea. It doesn't hurt to take it by them. Thanks for the tip.

10-13-2016, 09:50 AM	#5
BahamaTodd Drives: 08 Accord V6/M6 / 04 Canyon Z71 Join Date: Aug 2008 Location: Palm Beach, FL Posts: 1,078	Overall industry sales have peaked and we are on the down slope. I think we will see similar good deals all next year as manufacturers try to keep sales up.

10-13-2016, 03:03 PM	#8
NCSD Drives: Nightfall, 2SS, A8, MRC, NPP,RE-71R Join Date: Jul 2016 Location: United States Posts: 250	Nice angle, I didn't think of that. Most dealers try to lowball you at first, but if you have a quote from Carmax they'll sharpen their pencils. There you go you just made another $1000 dollars in saved taxes.

10-13-2016, 06:48 PM	#9
Eric SS #becauseracecar Drives: 2016 SS Sedan, 2016 Camaro SS Join Date: May 2015 Location: Phoenix Posts: 2,959	I decided to go for it. I haven't taken the Infiniti into carmax yet to see what they might give me for it. Thanks for the tips all!

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