309 messages,
Last post on Feb 24, 2011 at 8:32 AM
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Toyota Camry Solara, Coupe, Convertible
#304 of 309 Re: Buy It, or Turn It In at Lease End [solaraman2003]
by gened1
Mar 19, 2009 (6:52 am)
Incredible that you were allowed to lease an 03 this long. Usually at the end of a lease the leasing company sends out a person to assess the car and you can take this assessment and decide what to do.
Call the leasing company and find out what their practices are. I think the $11thousand plus is very high for a buyout. Do you really like this car enough to buy it? Have you run the car through edmonds or kelly blue book to see what the actual value is? How has your maintainance been and have you checked what it will cost for the next scheduled service?
Questions you should be asking yourself to ascertain whether you want to keep the car or not.
#305 of 309 Re: End of lease Solara SLE convertible [surftaxi]
by Car_man HOST
Mar 20, 2009 (3:05 am)
HI surftaxi. More often than not, banks will not negotiate the end of term purchase prices of leased vehicles. Having said this, they occasionally will. Give it a shot. You certainly don't have anything to lose by trying. Don't bother involving a dealer. Place a call directly to Toyota Financial Services and see what they say. If your initial contact there is unwilling to work with you, try working your way up the ladder to a manager. Consumers who do so sometimes have more success. Again, there's no guarantee that TFS will be willing to negotiate, but it's worth a shot.
Car_man
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#306 of 309 Re: End of lease Solara SLE convertible [Car_man]
by surftaxi
Mar 20, 2009 (10:45 am)
Thank you carman! It was great of you to respond so promptly and with such detailed advice to my end of lease inquiry.
#307 of 309 Re: End of lease Solara SLE convertible [surftaxi]
by Car_man HOST
Apr 02, 2009 (4:00 am)
You're very welcome, surftaxi.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#308 of 309 Re: Buy It, or Turn It In at Lease End [gened1]
by solaraman2003
Jun 09, 2009 (10:33 am)
Hi gened1,
You must've not noticed that the posting that you responded to was from July 2006, almost 3 years prior to your response ! That's why you were surpised I was leasing for so long
Anyway, I decided to purchase the vehicle, and it was a good move. I leased it for 3 years, bought it, drove it for another 3 years and then traded it in last week for a new (leftover) 2008.
I had 126,000 worry-free, happy miles on that car. And it was still in great condition when I let her go. I am very big on preventive maintenance and so just about everything that needed to be done was done - and done right.
I expect to get plenty more worry-free, happy miles on my new Solara, and of course I expect to maintain it well as well.
I tried to look at other vehicles but just couldn't find anything that was as good as this (2008 SLEv6).
#309 of 309 purchasing that lease return
by leftcoast2
Feb 24, 2011 (8:32 am)
I'm in the market for the 2008 sle solara convertible. I expect many to come back to the dealers on lease return. I calculate that these people paid around 17000 plus for that car already. Do you think I'm being realistic by offering $17,000 to the dealer to buy the car now? I'll probably finance $10,000.
Thank you for your opinion.