financial ? - if you have a car lease...can you buy out early?
We have a pretty big car lease and have 1 1/2 years left to it...we were planning on buying it afterwards...can we try to negotiate a price now?
It would be nice to not have the car payment (for mortgage purposes)...and we recently saw our car (smae model, etc) at a dealer for less than we thought it would be...
is this possible? did I make sense?
kittyke
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Re: financial ? - if you have a car lease...can you buy out early?
I bought my lease before it was up and I don't remember, it was 4 years ago, but I think they just added on what I owed on the lease to the buy back cost.
Re: financial ? - if you have a car lease...can you buy out early?
did you have any negotiating with the buy back cost?
b/c right now the car we saw was $1000 less than the rest of our lease and the buy back cost...
I am wondering if we wait until the end of the lease and they think we may not buy...then they will lower it...
but if we go in now...will we look too eager?
kittyke
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Re: financial ? - if you have a car lease...can you buy out early?
There wasn't any negotiating with me, and I KNOW I looked eager, I just LOVED the car and wanted smaller payments, so that is what I got. I would see if they allow negotiating. Sorry I am not much help
Kelly9904
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Re: financial ? - if you have a car lease...can you buy out early?
My mom bought her car from her lease and negotiated down a little bit! But she didnt end her lease early!
I say there is no harm in trying!
Nancy
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Re: financial ? - if you have a car lease...can you buy out early?
I am not completely sure, but it may depend on the dealer. For me, I don't think that I can bring the price down and I think I signed that right away, but to be honest, I doubt that I would buy it before/after the lease was up.
I would check with the dealer and see what they say.
HappyEverAfter
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Re: financial ? - if you have a car lease...can you buy out early?
My mom looked to buy out her lease, and found that she was better off buying a new car outright than picking up the buyout cost of her lease. When you lease a car, you generally dont negotiate the buyout price, so you can get a better deal if you buy new or pre-owned, since you are negotiating the price. If you are buying the same model, most dealers should let you negotiate a buyout of your lease, since it means more money for them.
Re: financial ? - if you have a car lease...can you buy out early?
we really want to keep this car...b/c they only made this model for 4 years...and we love it...
we know its a long shot but other cars that were only made for a few years (like the Land Rover Defender) are worth over $40K and are 10 years old...
I really love this car and never want to get rid of it ever though....
HappyEverAfter
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Re: financial ? - if you have a car lease...can you buy out early?
ah, I get it. I dont think you should have a problem, usually the finance payments are higher than lease payments, so if you are going back to the same dealer I would think that they would be OK w. it. DH turned his Volkswagen in 6 mos early and leased a new one (we were almost over the milage already) and we had no problem w. the dealership. I think the key for them is repeat buisness.
