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Discussion Starter · #1 ·
I was wondering if anyone has experience purchasing car after lease expiration. My wife and I just bought the Nissan Murano that we have been leasing. There is a purchase price in lease contract. However the dealership added almost $1,000 in fees on top of that. We fought them for 3 hours with little success. Neither us nor the dealership had the actual contract that was signed 3 years ago so that complicated things...

Is such high amount of fees normal or did we get screwed?
 

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I believe there is a buyout fee from Infiniti/Nissan financial services. Something around $650 IIRC.

Other things are probably document stuff that the dealer needs to do.

Or it could just be the dealer trying to sweeten the pot for you to take. New car off their lot.
 

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The last lease contract I had with Infiniti stated a $350 disposition fee if I turned it in, or a $150 purchase fee if I bought the vehicle. No other stated fees other than taxes on the agreed upon residual amount.
 

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Discussion Starter · #5 ·
Thanks for the info guys! At least to the two people who posted productive comments instead of made up assumptions. Did not pay 37K. Paid 18K actually. For a 3 year old car with 20K miles that had 38K sticker when new this is unlikely to end up being "by far the worst financial decision you could ever make"...
 

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Thanks for the info guys! At least to the two people who posted productive comments instead of made up assumptions. Did not pay 37K. Paid 18K actually. For a 3 year old car with 20K miles that had 38K sticker when new this is unlikely to end up being "by far the worst financial decision you could ever make"...
Well obviously this doesnt apply in YOUR situation....

But generally speaking....buying a lease out you end up paying lots more interest.

I never ONCE said that this exact situation applied to you....get your panties out of a bunch bro. Smfh
 

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Well obviously this doesnt apply in YOUR situation....

But generally speaking....buying a lease out you end up paying lots more interest.

I never ONCE said that this exact situation applied to you....get your panties out of a bunch bro. Smfh
$57,750 MSRP
$49,150 agreed upon sell price w/ VPP

Assuming 1.9% APR @ 60 months, 4500 Down Payment = $51,339.60 total paid

Now, leasing with 4500 MSD down, 62% residual @ .00012 MF (Base .00102 minus .0009 due to MSD) = $13,889.16 over 3 years.

Local bank PSECU offers 3 year used car loans @ 1.25% APR. Agreed upon buyout = $36,000 after fees.

1.25% APR @ 36 months, 4500 MSD converted to Down Payment = $32,110.56

Lease-to-own paid = 13,889.16+32,110.56+4,500 = $50.499.72 total paid.
 

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$57,750 MSRP
$49,150 agreed upon sell price w/ VPP

Assuming 1.9% APR @ 60 months, 4500 Down Payment = $51,339.60 total paid

Now, leasing with 4500 MSD down, 62% residual @ .00012 MF (Base .00102 minus .0009 due to MSD) = $13,889.16 over 3 years.

Local bank PSECU offers 3 year used car loans @ 1.25% APR. Agreed upon buyout = $36,000 after fees.

1.25% APR @ 36 months, 4500 MSD converted to Down Payment = $32,110.56

Lease-to-own paid = 13,889.16+32,110.56+4,500 = $50.499.72 total paid.
****...gotta give it to ya...ya nailed me.

But you are the 1% my brother...the 1%

The other 99% dont get 7K off the MSRP or VPP pricing or do they even know about MSD's.

But you definitely worked the lease game for sure.
 

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There are definitely pros and cons in both situations. I think its best determined on a case by case basis. I will agree that in the majority of leases, you end up paying an inflated residual buying the car out.

Ive also seen "lease cash" or money factors that were far more attractive than the APR on the finance for the same car. Even after paying the Bank Fee (Acquisiton Fee, something you dont pay on a Finance) you still come out ahead allowing you to have the option to walk away from a car you would otherwise have a longer commitment to if for some reason the value diminishes on the car by the end of your lease and it wouldnt be the best financial decision.

There are those who I leased a BMW 1M (I shouldve got one) and 3 years later the car is worth more than the MSRP 3 years ago. Obviously whoever turns that lease back in to BMW FS is not the smartest person.
 

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I was wondering if anyone has experience purchasing car after lease expiration. My wife and I just bought the Nissan Murano that we have been leasing. There is a purchase price in lease contract. However the dealership added almost $1,000 in fees on top of that. We fought them for 3 hours with little success. Neither us nor the dealership had the actual contract that was signed 3 years ago so that complicated things...

Is such high amount of fees normal or did we get screwed?
Yes to the dealership this is as much a sale as you getting a car off their lot. In fact its easier, since they dont floorplan the car even for a day and dont have to sell you on it so that part is great. However, the still have to buy out the car from the leasing company/bank and then process the car internally then turn around to sell it to you. That involves work, paperwork, accounting, legal, used car warranty (state specific) and finally the commissions paid to the workers. This is why the charge you the $1000 which I would say is fair, ive known people who paid as little as $300 but those were rare instances.

In most states, you can call up the bank directly and get your payoff quote. Sometimes they include tax, sometimes they dont and you have to pay at the Motor Vehicle agency. They also offer financing or you can get it independently and just send them the check which gets you back the clear title.
 

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Do you still pay for any excess mileage if you buy after the lease?
No, that is one of the benefits to purchasing the car after lease ends. Nice little loophole to get out of paying that fee. Also nice when dealership waives the lease disposition fee when you lease another Infiniti.
 
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