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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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Replying to: CAT1023 (Feb 11, 2009 4:35 pm) 
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My contract buy out price is $15,400 on a 06 Altima 3.5SL with 36K miles silver and in excellent condition which according to NADA is priced at $12,350 $13,600 $14,625 for trade in. I'm assumign that is the number to compare with...trade in value not retail. Anyhow...my lease is up in a couple months...and the dealer is offering to trade in my lease and take over my payments for a new car purchase. There are some nice deals on new nissan altimas this weekend. Are they able to negotiate my residule price? If so, that means a win win...and I'd be happy to let them get a deal on a used car. I just don't want any penalties, fees, taxes carried over to a new car purchase if I turn this over to them. The car is in the upper midwest. Thanks for any help.
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Replying to: worr (Feb 15, 2009 5:17 am) It is very rare that a dealer can get your amount owed on a lease reduced.
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Replying to: volvomax (Feb 15, 2009 10:52 am) But with the $1,000 extra rebate for President's day it would have been a wash. Auction prices are way below the residual price right now. Maybe Nissan is willing to sell for below that...maybe not. |
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Volvomax, You helped me with some lease-end questions couple months ago. I'm now about to negotiate a buyout price with the leasing company. Can you please let me know the latest auction prices you have available for a 2004 ES330 with about 40,000 miles. I'd like to use this info as a reference to get a fair and reasonable purchase price. Thank you sir~
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Replying to: jbaek74 (Feb 19, 2009 3:26 pm)
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Replying to: jbaek74 (Feb 19, 2009 3:26 pm) Figure the car would trade in the $11-12k range. Lease co's don't always go by trade value when they negotiate a buyout.
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Replying to: sebring95 (Feb 19, 2009 6:10 pm) |
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Replying to: volvomax (Feb 20, 2009 8:08 am) Given the low miles, I think I'm going to offer them $12.5k and see if that works out. Anybody have any other tips on negotiating the best possible price?
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Replying to: jbaek74 (Feb 20, 2009 9:23 am)
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