- #710 of 716
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Re: Is it worth shopping different dealers? [bostonmdxbuyer]
by sebring95
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Sep 18, 2009 (11:52 am)
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Replying to: bostonmdxbuyer (Sep 18, 2009 11:03 am)
Once you turn the car in, the car generally either gets auctioned online or will be physically sent to a sale. The dealer would have the ability to bid on the car...so if the auction value is signifianctly less than your residual, I suppose it's feasibly possible to try and get the dealer to buy it at the sale and then sell it back to you. This is what someone I know did with a Tundra pickup that had a ludicrously high residual vs market value. However, that doesn't sound like the case on your vehicle so I don't think you have a leg to stand on negotiating for a better buy-out price. The dealer will facilitate the buy-out for you, but they're essentially just passing the money onto Toyota/Lexus finance.
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- #711 of 716
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Re: Is it worth shopping different dealers? [bostonmdxbuyer]
by volvomax
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Sep 19, 2009 (10:24 am)
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Replying to: bostonmdxbuyer (Sep 18, 2009 11:03 am)
Dealer gets no incentive from Lexus Financial to sell a car that Lexus Financial already owns.
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- #712 of 716
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End of Lease
by paolasoriano
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Nov 29, 2009 (7:08 pm)
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Trying to negotiating with Volvo Finance on an end of lease option is very difficult. My buyout option on my SUV is $27,243 and I Kelly Blue Book says that the car is worth 20,000. Any advice on what I should do?
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- #713 of 716
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Re: End of Lease [paolasoriano]
by british_rover
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Nov 30, 2009 (7:32 am)
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Replying to: paolasoriano (Nov 29, 2009 7:08 pm)
Go to the dealer you leased the car from originally they might be able to buy the car for a little less then the buy out but not 7,000 dollar less. Volvo is not negotiating on lease buy outs by more then a few hundred dollar right now.
Just turn the car in would be my advice.
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- #714 of 716
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Re: End of Lease [paolasoriano]
by davenga
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Nov 30, 2009 (8:03 am)
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Replying to: paolasoriano (Nov 29, 2009 7:08 pm)
was my first time to purchase at end of lease and I learned a LOT. I was given a very different figure (of worth) from my bank, from Volvo finance and Blue Book. It was getting to be stressful for me so I actually decided just to purchase to get this out of the way, BUT when I called back to purchase the price had gone up considerably. I was told that figure changes often based on a number of things. All sounded like a bunch of BS to me but I sent them a check and am glad it's over. Will be the last time I lease. I considered the pros and cons and it just wasn't worth it, financially or mentally.
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