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Purchasing at the End of Your Lease

716 messages,  Last post on Nov 30, 2009 at 8:03 AM

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#31 of 716 by stickguy Feb 03, 2005 (12:18 pm)
You will have to finance the $12,700 residual though.   But, if you turn it in, you will owe mileage, turn-in fee (if any), plus any excess wear/tear, none of which you will owe if you buy it out.   Say it will cost $3,800 to turn it in. Effectively, you can only get a 9K car to replace it (12.7 - 3,800). Or you will be into another lease.   If you couldn't get as nice a car, retail, for 9K, might as well keep the one you got.
#32 of 716 And.... by kyfdx HOST Feb 03, 2005 (1:29 pm)
Honda Finance will usually not negotiate.. Replies to this message: kirstie_h (Feb 03, 2005 2:03 pm) rroyce10 (Feb 05, 2005 10:00 pm) theflush (Apr 24, 2006 10:01 am) rkramb (Apr 25, 2006 6:58 pm) theflush (Apr 28, 2006 7:03 am) and 3 more...
#33 of 716 Re: And.... [kyfdx] by kirstie_h HOST Feb 03, 2005 (2:03 pm)
Replying to: kyfdx (Feb 03, 2005 1:29 pm) Thought it was Honda that doesn't negotiate, but couldn't remember for sure. For $12,700, it's hard to buy a used vehicle that you know has been well maintained and that you know you'll be happy with.
#34 of 716 where should I start negotiating from ? by zakiman Feb 03, 2005 (2:07 pm)
thanks guys and gal for your input...but what's the deal with Honda that they don't negotiate.. ? any idea on what figure I should start negotiating from ? Replies to this message: kirstie_h (Feb 03, 2005 2:09 pm)
#35 of 716 Re: where should I start negotiating from ? [zakiman] by kirstie_h HOST Feb 03, 2005 (2:09 pm)
Replying to: zakiman (Feb 03, 2005 2:07 pm) Well, if they don't negotiate, they don't negotiate. Your purchase price is $12,700. Fair enough, since they stated at the beginning of the lease that that's what it would be. At least you don't have any surprises.
#36 of 716 Honda... by kyfdx HOST Feb 03, 2005 (2:13 pm)
Their side:   You signed a contract.. we hold you to those terms...If you want the car, this is the price..     When you call the 800# on your bill, while you are waiting on hold, they have a message saying they don't negotiate..   I think, if you really like the car, then buying it is much smarter than paying $3500 in charges and turning it in... Plus, you may be able to get an attractive interest rate from Honda Finance to purchase it, especially if you have made your lease payments on time..
#37 of 716 Honda doesn't negotiate by isellhondas Feb 05, 2005 (4:25 pm)
Because they don't NEED to negotiate. They do a pretty good job of setting residuals and Hondas hold their value better than most.   I can't even fathom the can of worms a car company must open when they do this!?   Yeah, I would try to figure out a way to buy the car rather than pay that horrific mileage hit!
#38 of 716 Re: And.... Kyfdx/Isell ... by rroyce10 Feb 05, 2005 (10:00 pm)
Replying to: kyfdx (Feb 03, 2005 1:29 pm) .. **Honda Finance will usually not negotiate** ...                Thats not true .. it depends on the area of the country, right now they are negotiating in the Midwest area -if- properly done ...........                            Terry. Replies to this message: theflush (Apr 24, 2006 10:01 am) rkramb (Apr 25, 2006 6:58 pm) theflush (Apr 28, 2006 7:03 am) wale_bate1 (Apr 28, 2006 7:48 am) and 2 more...
#39 of 716 News to me... by isellhondas Feb 06, 2005 (7:35 am)
Guess it's possible. Certainly something I've never heard about.
#40 of 716 Do they negotiate on the East Coast ? by zakiman Feb 07, 2005 (10:54 am)
Thanks you all for the valuable information you have provided....If they allow me to negotiate ,what's a good number I can start from ? I don't think the car is worth 12.5K . is it ? by the end of the lease it will have around 66K miles on it. I have kept up with all the prev maint.

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