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Smart Shopper Purchasing at the End of Your Lease
716 messages, Last post on Nov 30, 2009 at 8:03 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: volvomax (Nov 06, 2008 1:49 pm)
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Replying to: gabbo (Nov 06, 2008 1:57 pm) It is a NEGOTIATED price. If you agreed to it,you didn't get fleeced. You may have been out-negotiated,but that is life.
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Replying to: volvomax (Nov 07, 2008 8:43 am) Negotiated sales businesses generally operate that way. When the prospective client isn't well-prepared, the sellers take advantage of the situation. I'm not sure why you object to the characterization, when you seem to be fine with the way it works? It's just a colloquialism.. all semantics. As noted before, our friend came here for help, admitting he did a bad job negotiating his last lease. Let's help him, rather than berate him. regards, kyfdx visiting host
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Replying to: volvomax (Nov 06, 2008 8:07 am) Your responses do little to remedy that situation other than finger pointing. He already knows what he did wrong. So, if I were you, I would take into consideration that sometimes things come up and we have to switch jobs. Why dont you stop judging others and keep your comments to yourself if you arent going to positively contribute. Remember, do unto others...... Have a great day, Volvomax!
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Replying to: sdjb4 (Nov 09, 2008 8:36 pm)
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Replying to: dtownfb (Nov 10, 2008 1:58 pm)
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Replying to: kirstie_h (Nov 11, 2008 8:09 am) It sounds like I am around $4000 upside down now. It will likely be a similar amount when the lease is up…hopefully less if I can negotiate it down a little bit. The end of lease fees will likely be between $2,000-$3,000 for mileage and any potential wear and tear issues. I could either pay for that when the lease is up or carry it over. I won't make a final decision to closer to lease end, but I'm seriously considering purchasing it. As I mentioned in the OP, I'm looking to get out of leasing two cars and instead buy one one car and get it paid off quickly. At that point it would come down to spending $15,000-$17000 for a modestly equipped late model car (07 Altima or Camry) or keeping the TL. I love the amenities of the TL and know it's been well cared for. While it's not under the original warranty, I feel confident that with proper care it should continue to be as realiable for the next year or two as a late model car would be with it's 36/48month warranty. While I would be essentially carrying over the negagtive equity, it's really the money I would have paid in lease payments with the correct mileage. My goal would be to agressively pay it off within 24 months and be done with it. If I changed my mind, I'd essentially be in the same position (having the negative equity situation). But that should decrease over time as depreciation slows and the accelerated payments are applied. |
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Replying to: kyfdx (Nov 07, 2008 10:52 am) First of all, how do you define being "taken advantage of"? A dealership is under NO obligation to give out the lowest possible price. It is up to the consumer to find that out. Now, in this case, the consumer admitted that he didn't do a good job. Maybe he did,maybe he didn't. But, since at no time did he ever contend that the dealer in question lied or misled him, then he cannot contend he was FLEECED. He simply got out-negotiated. It happens all the time. I'm not berating the poster for his deal, I'm berating him for making it look like the dealer did something wrong.
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Replying to: volvomax (Nov 11, 2008 11:08 am) But you chose...and continue to choose to 'berate me.' The thing I love(d) about edmunds is the spirit of community and helping other folks. Obviously you have provided a lot of info to people on the site. But why do you feel this need to 'berate' me for something that I admitted I made a mistake on??? For days on end??? Maybe it makes you feel better....but it's left me with a really bad taste about this site. Thanks for the warm welcome to this topic.....
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Replying to: gabbo (Nov 11, 2008 12:16 pm) You asked for advice, I gave it. YOU chose the word, I didn't. I asked you to clarify your use of the word. The reply you gave indicated that you in fact were not fleeced, or lied to or dealt with in an underhanded manner. The only thing that I "berated" you for was making it look as if your dealer did something wrong,which turned out not to be the case. As for leaving you with a bad taste,that was not my intention. You do have to undertstand that when you come here and post something, you will be challenged to be accurate. |
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