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Smart Shopper Purchasing at the End of Your Lease
711 messages, Last post on Sep 19, 2009 at 10:24 AM
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Hi, I have an 06 Audi A4 with right under 22k miles that is up for lease at the end of February. The buy out is $18k. I love the car and love having a small car but don't necessarily need it. i am wondering what I can see in regards to negotiating on the buyout price, the fees associated with turning it in, the warranty if I bought it and whether it would be smart to buy it out or give it up and go another option if I want to keep a small car. The car is in great condition. Thanks for your feed back. I could also buy it out and sell it if you think that would be beneficial.
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hello a little help here I purchased my lease recently for 11788 + TT&L totaling 12473.20 GMAC has now sent me a letter stating that I now owe $2275 minus my secuity deposit for a total of $1975.00 for which they say is 10000 miles over my allowed miles for the lease my gripe is that I bought the lease out and the mileage should not even be an issue they are trying to tell methat I did not buy the lease out but the dealer bought the lease so I am being charged for mileage how can this be when I paid the dealer the residual and taxes I know GMAC is in a bad bind but it seems like a bunch of BS to try to make a person pay more money when it is not owed. the dealer has stated I have to work it out with GMAC not them what can I do to file a complaint or fight it I am getting no where with either party THANKS FOR ANY INFO AND I WOULD HIGHLY RECCOMEND NOT DOING BUSINESS WITH GMAC. iF IT WERE NOT FOR MY SON i WOULD NOT HAVE BOUGHT THE LEASE OUT I DID AND AM PAYING FOR IT I AM NOW PERSONALLY DRIVING AS FORD SO LONG GMAC
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Replying to: cremater (Jan 12, 2009 1:22 pm) |
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Replying to: boozoo99 (Jan 12, 2009 7:20 am) So, $18k is about retail. Depending on who the lender is, they may negotiate the buyout. End of term fees, however are never negotiable. |
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Replying to: cremater (Jan 12, 2009 1:22 pm) GMAC thinks you returned the car and the dealer bought it. Under those conditions, you would owe the over mileage. I think your deaer screwed up the deal somehow and now doesn't want to make it right. I would have a sit down w/ the GM of the dealership and get this straightend out. |
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I have an 2005 Chevy Cobalt with about 33,500 miles on it. I need to turn the car in by 3/18/09. I am buying another GM vehicle, this week and the Cobalt was not worked into the deal. I plan to just turn my car back in when I pick up the new one. HOWEVER, there is damage on my car. I got an estimate from the dealer about 1 year ago for $2,500 to repair. The Chevy dealer is telling me now that if I turn it in I will get a bill for $500-$800??? Anyway, I am wondering am I really gonna get hit with a bill of $4000 or something crazy? Is the dealer just telling me a lower number cause they want to sell me a car? Help!!! What should I do? |
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Replying to: CAT1023 (Jan 27, 2009 12:23 pm) |
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Replying to: CAT1023 (Jan 27, 2009 12:23 pm) If so,get one done. This will tell you exactly what GMAC will charge you. If not, you probably should just get the car fixed before you turn it in. A dealers estimate holds no water w/ the finance co.
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Replying to: skopiec (Jan 26, 2008 7:13 am) Regards, Rick
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Replying to: gdclnfn (Feb 11, 2009 8:05 am) The person you responded to posted over a year ago (Jan 2008), so I would be surprised to hear from him/her, as negotiations are likely to have concluded for his/her deal. |
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