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Smart Shopper Purchasing at the End of Your Lease
716 messages, Last post on Nov 30, 2009 at 8:03 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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Replying to: jbaek74 (Feb 20, 2009 4:36 pm) |
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Replying to: jbaek74 (Feb 20, 2009 4:36 pm) If the car would trade for $12k, then $14k is reasonable as a buy price.
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Replying to: volvomax (Feb 21, 2009 7:57 am)
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Replying to: sebring95 (Feb 21, 2009 8:58 am) Thats what the disposition fee is for. Banks are funny about things like that. They get a price in their fuzzy little heads and they won't get of it. I've seen VFNA no sale a car at the auction over $250. I guess they think it will be worth MORE at the next sale. 
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Trying to get an idea of what to consider a reasonable profit margin for a dealer to live with. My '07 Sonata lease expires 1 May, and we're interested in buying it. We'll probably be in the vicinity of 8600 miles below the total mileage allowance. The kbb trade-in value is about $1500 below and the pp $440 greater than the buyout in the documentation. In PA the buyout has to be done via the dealer which I knew but the Hyundai CS rep 'realized' during the pre lease-end phone call when he found he couldn't give me a price. I just said we hadn't decided yet. I'd much prefer to be closer to trade value but waiting until 2-3 weeks prior to call and make an offer. From their website they have over 100 '09's Sonatas and a dozen or so used - mostly '08's on the lot. I'm hoping they'd rather not have to add, spiffy up, advertise and try to sell another one. Is a few hundred over trade in reasonable ? Any input would be welcome! |
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i am interested in purchasing my car now before my lease is over. i got messed up in a very bad lease and now i just want to buy it out and not have the pressure of going over the miles. i leased with Chase Auto finance and they told me the buy out price is never negotiable. i find that hard to believe. can anyone guide me through the steps . . . if indeed it is possible. thanks.
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Replying to: sf1210 (Feb 23, 2009 4:39 pm) They won't be in any hurry to take a loss on a car that you are committed to paying lease payments on... They have no motivation. regards, kyfdx
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Replying to: kyfdx (Feb 23, 2009 7:34 pm) thanks again for responding.
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