hey guys. I am currently leasing my titan (lease to purchase). I would have bought it outright, but due to my young credit (I am only 20), I had to go this route. I have quickly found out that I am a car guy and want to get out of my titan and back into a car. What kind of penalty should I be expecting from the dealership? I leased the truck on August 30, 2006, my payments are $450.90/mo, and the truck has 2,700 miles. I just want to know what to expect before i talk to the dealer. Thanks guys

You should expect to pay out your arse. Unless you can convince them that you have a good reason to return it.

My parents had a BMW they leased, and they wanted to get rid of it, so they did some type of contract where someone takes over the payments and they get the car. They didn't pay anymore, or less.

You may want to look into it.

yeah, thats what I am thinking. Is there a way to find someone to take over my lease?

Try this. Might work for ya.. http://leasetrader.com/

pardon me for asking-but why on earth would you decide you're a car guy after driving the TITAN?

pardon me for asking-but why on earth would you decide you're a car guy after driving the TITAN?

My thoughts exactly. But maybe he was sticker shocked at the gas pump.

My thoughts exactly. But maybe he was sticker shocked at the gas pump.
lol, that'll getcha! everytime.

www.swapalease.com is another good one...

Under a consumer closed end vehicle lease (which is what we are talking about here), you are responsible for the following components if you trade the vehicle:
1) Full residual value
2) NPV of the lease payments remaining on the term

Now, if the appraisal of the dealership is above and beyond that figure (which the leasing company can provide to you at any point in time, similiar to a payoff amount), then you can go for it.

Otherwise, try to "broker" the lease through a website that was listed above. It's gonna be tough with a payment that heavy though.

We got out of a lease on a 2006 Acura RSX with having to shell out only $1,500 - $2,000 because the value of the vehicle was so high (3k miles on it). So, it is possible.

thanks for the help. I say I am a car guy because thats what I have had for so long. I was big in the car world (mazda especially) for a few years. I worked for a company desgning and building turbo kits, so thats where my heart is

We can convert any car guy. Test drive a lifted Titan on 35s. It's a different experience.

The wife and I have owned all different types of modified Mustangs (more than a dozen in the past few years) and even WE have converted to driving trucks...

...then again, we did just buy another Mustang a few weeks back. Once you're hooked on something its tough to get away from it.

haha yeah, if i could afford to have both a truck and a car i definately would....but again....only 20 and I am an automotive detailer :) cant do that quite yet. My other problem is that I think titans lifted 6" on 35's dont really even have a lifted look. I hate the thought of dropping $4k and not really being satisfied with the look.

My other problem is that I think titans lifted 6" on 35's dont really even have a lifted look. I hate the thought of dropping $4k and not really being satisfied with the look.
don't have a lifted look? i think they look perfect w/that setup!

to each his own i guess. ...then again if i lifted any higher than 6" my wife wouldn't be able to get in, so that helps me settle on 6".

You need to keep it for at least 6 months before you consider a trade/refinance/give back or you'll just get raped.

Speaking from the automotive industry...
Someone mentioned earlier about a payoff, or amount remaining to pay. In the case of a lease it is your residual + unmade payments. (again, as previously posted).

I love my titan to death. I'm one of the crazies who shelled out $4k (actually a little bit more) for my truck, and I love it. Maybe after I post this you can tell me how mine doesn't look lifted on its 35"s.... anyway

You owe that amount outright. You can pay down your lease (make payments to said remainder ON TOP OF CURRENT PAYMENTS), you can pay off (write the check, boom) or you can trade it in. I am going to be assuming when you trade it you're going to pay for it, big time

Say your payoff is $30,000, your trade in value is presumed at $24,500. You owe 5,500 still. And it's easy to brush it off and say you'll put it to your next payment, but on super awesome credit that's over $100-120 on your next payment to ADD to it. That's called "negative equity"

If you really want out of this, you need to start putting a couple grand to the side, figure out how much your payoff is through NMAC (or whatever bank you leased through) and trade up the right way. You're 20, and you can really screw the pooch if you just drop this truck or try to give it back. Ever hear of someone "giving" their car "back to the bank"? That's voluntary repossession chief, and it's just as bad as a regular repo.

Think things through. It is very possible to get out of a lease, but it can be very costly.

If it is thru NMAC then he can give it back after 12 payments with no penalty, this is coming from a representative at Nissan consumer affairs. You can turn it back into any Nissan dealership and no penalty, provided that you have not abused the vehicle, stayed within the allotted miles per year and no cosmetic damage. I was shocked to hear it, had I known about it sooner I could have just done that with my turd 06 altima and saved myself a lot of time dealing with my dealer, Nissan consumer affairs, and my lemon law attorney.

If it is thru NMAC then he can give it back after 12 payments with no penalty, this is coming from a representative at Nissan consumer affairs. You can turn it back into any Nissan dealership and no penalty, provided that you have not abused the vehicle, stayed within the allotted miles per year and no cosmetic damage. I was shocked to hear it, had I known about it sooner I could have just done that with my turd 06 altima and saved myself a lot of time dealing with my dealer, Nissan consumer affairs, and my lemon law attorney.

I wonder how that is possible? That means a big loss for Nissan.....they now have to sell a depreciated vehicle without collecting enough money for the use???? Doesn't make very much sense considering the biggest hit is within the first year?

I kept asking myself that same question, but its not something that is advertised.

If your lease is through nissan they will be much more willing to help you out of your lease if you needed out of it to BUY a nissan car,.. I had a similar situation happen to me; my wife was leasing a car which we quickly grew out of and happend to see a barely used 4 runner on their lot and they basically took the lease back to get us in the toyo. of course we had it a little longer than you've had yours.

I wonder how that is possible? That means a big loss for Nissan.....they now have to sell a depreciated vehicle without collecting enough money for the use???? Doesn't make very much sense considering the biggest hit is within the first year? I think that NMAC figures that they would rather get all the payments for 1 year and take it back then have the owner default and they get very few if any of the payments. It also helps them to get the car after 1 year with hopes that the condition will be near new and mileage will be low.