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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

What is this discussion about? Car Leasing


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#532 of 716
Re: 2006 Chrysler Pacifica [qbrozen] by jnorman76
Dec 04, 2008 (11:15 am)
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Replying to: qbrozen (Dec 03, 2008 11:34 am)

I quite frankly am not sure what I could get for $11K in this market (Milwaukee). I have not really started looking, but I was convinced before I came on the forum boards that I was going to turn it in.
 
I hope they're lax on turn in ... this is my first leased vehicle, and while there's nothing major wrong, I do have one big scratch on the side of the car (not a scrape, but a scratch) that is noticable. A little peeling on the bumper paint, and a couple of dings that are credit card sized or just over.
 
I also hate that I have to pay the $300 turn-in fee.
#533 of 716
Re: 2006 Chrysler Pacifica [jnorman76] by qbrozen
Dec 05, 2008 (4:18 am)
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Replying to: jnorman76 (Dec 04, 2008 11:15 am)

yikes! well, that's alot of damage. good luck.
#534 of 716
Re: 2006 Chrysler Pacifica [jnorman76] by kirstie_h HOST
Dec 05, 2008 (10:38 am)
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Replying to: jnorman76 (Dec 04, 2008 11:12 am)

Yes, always negotiate with the finance company directly. They're the only ones with the power to make a deal.
#535 of 716
Re: 2006 Chrysler Pacifica [kirstie_h] by volvomax
Dec 06, 2008 (8:23 am)
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Replying to: kirstie_h (Dec 05, 2008 10:38 am)

Yes, always negotiate with the finance company directly. They're the only ones with the power to make a deal.
 
Usually the captive lenders won't deal w/ the customer directly. The refer you back to the dealer.
If Chrysler Financial tells the dealer there is no negotiation, the customer will get the same answer.
#536 of 716
Re: 2006 Chrysler Pacifica [volvomax] by kirstie_h HOST
Dec 08, 2008 (9:42 am)
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Replying to: volvomax (Dec 06, 2008 8:23 am)

Ah, my bad - I thought it was the other way around entirely.
#537 of 716
Quick Question about Subaru Finance by 28firefighter
Dec 08, 2008 (10:10 am)
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I just have a really quick question.
 
Does Subaru Chase Finance negotiate lease end residuals? Only reason I ask is that the lease end residual on the legacy we just leased is really high, and even the dealership said that the car would not be worth that much at the end of the lease.
 
Should we want to purchase it, would Subaru negotiate?
#538 of 716
Re: Quick Question about Subaru Finance [28firefighter] by volvomax
Dec 08, 2008 (11:07 am)
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Replying to: 28firefighter (Dec 08, 2008 10:10 am)

If it is through Chase Bank, yes they negotiate.
#539 of 716
Why is the Dealer Pay Off Less Than My Residual for lease trade in? by allinschenk
Dec 10, 2008 (5:19 pm)
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I'm within 90 days of the end of my lease and the local VW dealership told me that my dealer payoff was $13,394 which doesn't make since to me since my residual is $16,022. VW told me that is had to do with the fair market value, but I'm still a bit confused. Looking at doing a "trade-in" as I am over mileage. Thanks in advance.
#540 of 716
Re: Why is the Dealer Pay Off Less Than My Residual for lease trade in? [allinschenk] by volvomax
Dec 12, 2008 (7:25 am)
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Replying to: allinschenk (Dec 10, 2008 5:19 pm)

VW Finance has a history of offering their cars to VW dealers for less than the residual.
However, this offer is only good to VW dealers.
 
Certain Banks will also offer their cars to dealers for less than the residual, esp if the car will be hard to unload at the auction.
#541 of 716
Re: 2006 Chrysler Pacifica [qbrozen] by jnorman76
Dec 12, 2008 (9:08 am)
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Replying to: qbrozen (Dec 05, 2008 4:18 am)

I wouldn't categorize it as a "lot of damage" - I think it's just somewhat noticeable. Hopefully, we'll have good luck at turn-in.

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