- #86 of 95
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Chances of receiving a cut rate final purchase price?
by speakerface
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Jul 15, 2009 (4:16 pm)
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My lease is up next month on my 2006 G6 V6. Is there a chance that the dealership does not want the car back due to the economy/not being able to move the car/is a dead brand that I can negotiate down the final purchase price and not be saddled with payments for several more years? I should note that the power steering light keeps coming on (even though there appears to be nothing wrong with the power steering), which was taken to the dealership to be repaired more than once, and was told they had no idea how to fix it properly. Would this help in said negotiations?
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- #87 of 95
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Need help!!!!
by moonbaby8783
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Jul 16, 2009 (12:20 am)
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Replying to: speakerface (Jul 15, 2009 4:16 pm)
My husband and I did a smart lease on a 07 pontiac g6 sudan, 4 cyl in April of 07. The lease will be up in april of 11. What kind of price would we be looking at as a pay off price???? The salesman told me at signing that we could either trade it in when the lease is up or continue to pay it for 2 more years after the lease. Need help. I am very frustrated trying to figure this out. I honestly have to disagree with most people on here, my car runs great! I just want it to be mne. 
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- #88 of 95
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Re: Chances of receiving a cut rate final purchase price? [speakerface]
by bvdj84
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Jul 16, 2009 (4:28 am)
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Replying to: speakerface (Jul 15, 2009 4:16 pm)
Your dealer does not have a choice on whether or not to take the car. Your lease end date is when GM wants their car back. Believe me, they will want it back. Your pay off is not negotiable. It was already set in the contract. However, you will not have to worry about that. As you are going to drop the car off, go through inspection. Take care of any charges, excess miles, etc. Then you simply walk away. That is it.
About your issues, well you really shouldn't have to worry about them, since the car was fixed already by the dealer.
The only way the could control any of the issue is if you trade early. They could then work the trade in value against you.
Good Luck!
What car are you think about getting now?
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- #89 of 95
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Re: Need help!!!! [moonbaby8783]
by bvdj84
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Jul 16, 2009 (4:37 am)
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Replying to: moonbaby8783 (Jul 16, 2009 12:20 am)
You need to call GMAC to get a current pay off. This price is not negotiable. It was already set at signing.
When leasing, you have the option to purchase the car after the lease is up. At that point you set a new loan up, with amount of months, payments, etc...
It seems like you have a 4yr lease. That explains the 2yrs after the lease. As your pay off will be lower.
Also, with a longer lease, your warranty will run out before its up.
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- #90 of 95
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Re: Chances of receiving a cut rate final purchase price? [bvdj84]
by speakerface
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Jul 16, 2009 (5:22 am)
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Replying to: bvdj84 (Jul 16, 2009 4:28 am)
Well, I may still keep the G6, because I truly love it! But, to be saddled with payments for many more years for an already 3 year old car doesn't sit well. However, I have been poking around the market for a Pontiac Vibe, possibly AWD (for those crummy PA winters).
I plan to go to the dealership before the lease is up to inquire about a few things, including the status of the power steering light. I also plan to visit some of the other local dealerships to see what kind of offers they can conjure up.
Thanks for the help.
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- #91 of 95
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Re: Chances of receiving a cut rate final purchase price? [speakerface]
by bvdj84
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Jul 16, 2009 (5:26 am)
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Replying to: speakerface (Jul 16, 2009 5:22 am)
The Vibe has a toyota engine in it!
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- #92 of 95
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Re: Chances of receiving a cut rate final purchase price? [bvdj84]
by speakerface
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Jul 16, 2009 (5:35 am)
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Replying to: bvdj84 (Jul 16, 2009 5:26 am)
Yeah, I know. It has enough room in the back to haul my guitar amp, instead of jimmying it into the back seat of the G6. It is a 2 person job.
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- #93 of 95
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Re: Chances of receiving a cut rate final purchase price? [speakerface]
by whoosierdaddy
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Jul 16, 2009 (9:42 am)
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Replying to: speakerface (Jul 16, 2009 5:22 am)
GM regularly has special early lease termination deals, and recently had a $3,000 rebate for returning lessees. Assuming the "new" GM continues these deals, just keep on the lookout.
Per Consumer Reports, the Vibe is a much more trouble-free car than the G6.
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- #94 of 95
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Re: Chances of receiving a cut rate final purchase price? [whoosierdaddy]
by speakerface
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Jul 16, 2009 (10:03 am)
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Replying to: whoosierdaddy (Jul 16, 2009 9:42 am)
Yeah, that's what I've been finding. Admittedly, the only problem I've had with the G6 is that blasted power steering light. This is the model with the fly-by-wire PS, opposed to the hydraulic, so my best guess is the problem lies with a sensor of some sort. What the GM garage did the two times I took it back was to "reset the steering wheel position". Whatever they did was a temporary fix, because no sooner than 5 days later, the light came back on.
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- #95 of 95
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Re: Need help!!!! [moonbaby8783]
by pontiacgirl
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Jul 16, 2009 (11:38 am)
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Replying to: moonbaby8783 (Jul 16, 2009 12:20 am)
they will honor the terms of the lease. I have an '07 G6 also and made sure to double-check with my dealer on this as well. As you might already know, they estimate an end value for the car when you sign the lease, based on the mileage plan you take. The amount financed is the car price, minus this amount. If the car is worth less at the end, usually because of damage or mileage overage, it's best to just walk away and get a new one If you are over the agreed mileage, you will also owe the mileage fee. I am on my third smart lease and have always traded the car in at the end (i get bored with my cars after 3-4 years). Technically, if you don't want to keep the car and finance the difference, they are supposed to charge you a disposal fee of around $250. I have never had to pay this, since I've always gotten another car at the same time. They will usually just dismiss the fee. You walk away, and start the new car from scratch with a down payment, etc.
I've never had an issue with the amount they estimate on worth of the car. I don't think they've ever even test driven it or inspected it when I traded them in; whatever the contract says is what they've worked with. I've also traded my cars in sooner because I didn't want to go over mileage; if you do this, you owe whatever months are left on the lease. Oftentimes they would offer to pay off whatever months were left on the lease or part of them. GM runs offers like this too periodically. I'm not worried about having an issue in Aug 2011 when my lease is up; I just don't know what I'll buy next, since I'm such a hardcore Pontiac girl!
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