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Purchasing at the End of Your Lease

716 messages,  Last post on Nov 30, 2009 at 8:03 AM

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#661 of 716 Re: Buying our leased 2004 Highlander [jeolivares] by sebring95 Jun 24, 2009 (5:56 pm)
Replying to: jeolivares (Jun 24, 2009 5:18 pm) Is this leased through Toyota Motor Credit or someone else? From what I've found, Toyota won't negotiate the buy-out price. So whatever is stated as the residual in your original contract, that's what you'll have to pay. It sounds like you've already answered the question that it's not worth $18k...walk unless there's a good reason you should pay an extra $3k for it. If it's leased through another leasing company, they might negotiate a lower price if you ask. Replies to this message: jeolivares (Jun 24, 2009 8:44 pm) sebring95 (Jun 25, 2009 4:24 am)
#662 of 716 Re: Buying our leased 2004 Highlander [sebring95] by jeolivares Jun 24, 2009 (8:44 pm)
Replying to: sebring95 (Jun 24, 2009 5:56 pm) It is financed thru Wells Fargo. I,m going to see if there is room to negotiate. If WF recovers the vehicle, well, they're facing wholesaling it for some 9k. I just want to see if they can get closer to reality, not 18k! Replies to this message: sebring95 (Jun 25, 2009 4:24 am)
#663 of 716 Re: Buying our leased 2004 Highlander [jeolivares] by sebring95 Jun 25, 2009 (4:24 am)
Replying to: jeolivares (Jun 24, 2009 8:44 pm) All you can do is bargain with them. I have heard Toyota insures against their residual values, so they have no incentive to negotiate. I've not directly heard of anyone negotiating with WF, but I highly doubt they were insuring back in 2003-2004.
#664 of 716 Hummer Lease by mjpjnj Jul 13, 2009 (3:56 am)
I have a Hummer H3 lease that is up in Oct. It was a 39 month leases with 15000 miles a year. Can you offer them a lower price than the payoff and how do you go about doing it? Thanks in advance Replies to this message: volvomax (Jul 14, 2009 9:59 am) mjpjnj (Jul 14, 2009 2:58 pm) volvomax (Jul 15, 2009 7:53 am)
#665 of 716 Re: Hummer Lease [mjpjnj] by volvomax Jul 14, 2009 (9:59 am)
Replying to: mjpjnj (Jul 13, 2009 3:56 am) Depends on who the lender is, and what your buyout is. Replies to this message: mjpjnj (Jul 14, 2009 2:58 pm) volvomax (Jul 15, 2009 7:53 am)
#666 of 716 Re: Hummer Lease [volvomax] by mjpjnj Jul 14, 2009 (2:58 pm)
Replying to: volvomax (Jul 14, 2009 9:59 am) Gmac and about 19000. It right around what edmunds says it worth from a dealer. Replies to this message: volvomax (Jul 15, 2009 7:53 am)
#667 of 716 Nissan Murano Question by dutch124 Jul 14, 2009 (4:16 pm)
Hi All-   Have a 2006 Murano coming off lease in a few weeks. 20k miles, and the buyout is $19k. Seems like a good deal but would like to be sure. Also, is it correct that I'd pay tax twice? Would I pay tax on just the $19k or the entire value of the car?   Thanks in advance,   Jason Replies to this message: volvomax (Jul 15, 2009 7:53 am)
#668 of 716 Re: Hummer Lease [mjpjnj] by volvomax Jul 15, 2009 (7:53 am)
Replying to: mjpjnj (Jul 14, 2009 2:58 pm) If its an 07, it should bring $18 wholesale. I doubt that GMAC will give you a lower price than your buyout.
#669 of 716 Re: Nissan Murano Question [dutch124] by volvomax Jul 15, 2009 (7:53 am)
Replying to: dutch124 (Jul 14, 2009 4:16 pm) You would pay tax on the buyout price.
#670 of 716 BUY OUT PRICE by davenga Jul 15, 2009 (10:00 am)
When you're given the "buy out" price, that price is only good for a specific period of time. I learned this the hard way. Was given a price on my Volvo when lease was up. . . left for a trip out West. When I returned and was ready to take care of the purchase, etc, I was told that price was no longer good. In the end, I had to pay almost $400.00 more than what I was originally quoted. Was told buy out quotes are only good for 10 days !!!!! This is highway robbery. I WILL NEVER lease another car!

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