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Purchasing at the End of Your Lease

663 messages,  Last post on Jun 25, 2009 at 5:24 AM

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#548 of 663 Re: 2005 TOY 4 RUNNER Purchase / Turn In Decision [charlielab] by volvomax Jan 05, 2009 (12:59 pm)
Replying to: charlielab (Jan 05, 2009 11:42 am) Just call em up and make an offer. I think that price range is reasonable.
#549 of 663 Thinking of buying my Lexus IS 250 lease, what do you think? by masn Jan 05, 2009 (3:50 pm)
I'm planning to buy my lease IS 250; I'm confused between residual value and payoff, what is the difference?   My lease ends on 02/2009 and the payoff from LFS is $19818 the TMV are $16888 / $18347 / $19465 (already including the extra mileage).   I'm planning to offer LFS a buy-out of around $18k, is that realistic (to high, to low)? Replies to this message: sebring95 (Jan 05, 2009 4:20 pm) masn (Jan 07, 2009 11:09 am) volvomax (Jan 07, 2009 1:18 pm) sebring95 (Jan 07, 2009 2:13 pm) qbrozen (Jan 06, 2009 9:52 am)
#550 of 663 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by sebring95 Jan 05, 2009 (4:20 pm)
Replying to: masn (Jan 05, 2009 3:50 pm) So what's your residual? I'm guessing the $19,818 payoff number is the residual plus your last 1-2 payments? That would make sense.   FWIW, Toyota/Lexus financial will not negotiate the buyout. Even on those Tundras that are worth $5,000 less than the residual. Replies to this message: masn (Jan 07, 2009 11:09 am) volvomax (Jan 07, 2009 1:18 pm) sebring95 (Jan 07, 2009 2:13 pm)
#551 of 663 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by qbrozen Jan 06, 2009 (9:52 am)
Replying to: masn (Jan 05, 2009 3:50 pm) Also, that payoff quote MAY include tax. You'll want to confirm.
#552 of 663 r350 eol by gadgetguy1 Jan 06, 2009 (11:32 pm)
Hi, r350 lease ends Jan, residual is 32k. I see similar models with lower mileage adveried around 26K. Lease is thru MBZ financial. Do they negotiate via the dealer rep? If so, is the process for me to make an offer based on fair market? I see my current choices as buy out and add the electronics this car lacks in aftermarket, or return and buy a different car..Thanks in advance.
#553 of 663 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [sebring95] by masn Jan 07, 2009 (11:09 am)
Replying to: sebring95 (Jan 05, 2009 4:20 pm) I just called them and my residual is $19,217. LFS told me thst here in FL I need to deal with the dealer not with them. If I decided to buy it, besides the residual do they will charge me other fees (title, sfer, etc)?? if they do what's acceptable and what's not?   Thank you in advance. Replies to this message: volvomax (Jan 07, 2009 1:18 pm) sebring95 (Jan 07, 2009 2:13 pm)
#554 of 663 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by volvomax Jan 07, 2009 (1:18 pm)
Replying to: masn (Jan 07, 2009 11:09 am) Dealer will have to collect the same fees they do on a regular sale. Tax, Title, Registration, Doc Fee, etc. They may or may not charge an additional fee for doing the deal in the first place.
#555 of 663 Re: Thinking of buying my Lexus IS 250 lease, what do you think? [masn] by sebring95 Jan 07, 2009 (2:13 pm)
Replying to: masn (Jan 07, 2009 11:09 am) As volvomax mentioned, the dealer handles it all. I found one willing to do it for $250. They're basically buying the vehicle from Toyota/Lexus and then selling it to you as a used vehicle. I found a couple that didn't want to do it at any cost. I'll bet they'd love to get $250 to push some paperwork today!
#556 of 663 purchase a leased vehicle by fastfix Jan 11, 2009 (3:41 pm)
I have a 06 Honda CRV, my lease is up in a few months and i am trying to decide if I should purchase the vehicle. My residual is 11,938, do you think with the current down trend in car sales, that they (Honda Financial Services) will negociate the residual price. It is the base model 2wd , with no additional options, 41K miles. thanks Replies to this message: kyfdx (Jan 11, 2009 8:34 pm)
#557 of 663 Re: purchase a leased vehicle [fastfix] by kyfdx HOST Jan 11, 2009 (8:34 pm)
Replying to: fastfix (Jan 11, 2009 3:41 pm) I've never known Honda Finance to negotiate..   Plus, even for a base 2WD model, the CR-V holds it's value better than almost any other vehicle.. $12K doesn't sound like a bad deal.. I traded in my '02 CRV EX AWD this summer and received $9K from the dealer.... with 106K miles!   It never hurts to ask... also, take a look at what your model is selling for at the local dealerships...   Good luck!

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