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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
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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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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Replying to: sebring95 (Feb 20, 2009 9:39 am) That is usually the first question.
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Replying to: volvomax (Feb 20, 2009 11:08 am) To my dissapointment, they said that my offer of $12.5k was not acceptable. Their best possible price was $14k. When I pushed for a lower price, I was told to call back next week to see if auctions over the weekend could enable them to offer me a better deal. Do they have some kind of a formula based on the auction prices to determine the minimum that they'll take for a lease-end vehicle? Do you guys think $14k is a reasonable price for this car? |
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