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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
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: tony411la (Jul 31, 2009 6:45 pm) $28,000  5.9% = $850.54 payments/$2620 total interest Total cost: $30,600 $29,000 4.9% = $867.65 payments/$2242 total interest Total cost: $31,243 You'll need to figure in the cost of the extended warranty to see whether that $600 difference is worth it and make your decision based on that. tidester, host SUVs and Smart Shopper
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Replying to: tony411la (Jul 31, 2009 6:45 pm) BMWFS will sell the car for (a lot) less money to the dealer than they will you. This allows the dealer to pay for the CPO warranty and maintenance, oonly charge an extra $1000, and still turn a profit. The extended maintenance and warranty would cost you at least $3000, even if the car needed nothing... The dealer is definitely the way to go on this... If you don't like the high payment, see if you can get the same rate for 48 months. The money is cheap enough, and the car will still be worth quite a bit more than the payoff after 3 more years.. and, the payment will be a couple of hundred less per month.. If you want to keep driving an X3, it's really your only choice... Lease deals are terrible on the new ones... regards, kyfdx |
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Replying to: tidester (Jul 31, 2009 8:48 pm) |
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| My lease ends in less than 2 months. I have seating for 7, a feature that I don't really need long term. However, it would come in handy for the next 9 months or so. I'm looking at new sedans and smaller crossovers for my next lease, but I wonder about the option of extending my lease for another year. I asked Audi Financial, and they said they will not allow it. I got a brochure in the mail from a company "specializing in end-of-lease options". Brochure says they will customize a new lease on your current vehicle. Anyone know how these companies work? Good idea? | |
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Replying to: rbirns1 (Aug 05, 2009 8:11 am)
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Replying to: qbrozen (Aug 05, 2009 9:00 am) Looks like I have no choice but to get a new car. |
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Replying to: rbirns1 (Aug 05, 2009 8:11 am)
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Replying to: sebring95 (Aug 05, 2009 11:52 am) Leasing companies used to be cool about extending leases now they don't want to.
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Replying to: british_rover (Aug 05, 2009 11:55 am) |
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Hi, I've leased luxury vehicles for the last several years (Acura and Infiniti) and while I've gotten great monthly payments with low down payments I've come into problems when it came to the price if I wanted to buy the car at the end of the lease; while I've gotten typically 1000-1500 dollars cap cost reduction off the msrp so that the selling price of the car is usually 500-1000 over invoice but when I've added the amount I paid toward the lease at the end of the three years with the amount it would cost me to buy the car it usually runs 500-1000 dollars over msrp to buy the car at the end of the lease and this is without paying sales tax and the other fees associated with buying the car - luckily I've had the money to return the vehicles and lease something new - I've only been leasing for a few years so I'm still trying to figure everything out, but doesn't it seem outrageous to pay 1k-2k over msrp for a 3 or 4 year old car? shouldn't the total be what the agreed selling price of the vehicle should be and not 1-2k over msrp? is there anyway to negotiate with the finance company to reduce the cash price (buyout price) down to buy the car so I don't have to be hosed over in order to buy the car? I'm only asking because sometime in the future if I lease a car that I really like and want to buy it, I'd like to find out if there is a way that I'm not paying over msrp to keep it? any help or information would be useful!! it just seems that while my current lease deals have been good I've been hosed over if I want to buy the car which doesn't make sense to me?
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