Lease maturity

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  #1  
Old 06-22-05, 08:16 PM
LisaMP
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Lease maturity

My lease is maturing - with MMCA. I would like to purchase the vehicle. Is the pay-off amount negotiable? (It seems to be more than the current book value.) Thanks!
 
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  #2  
Old 06-23-05, 10:49 AM
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Join Date: Dec 2004
Location: Avon, CT
Posts: 346
The buy out price is in writing and signed by you so the dealer does not have to negotiate the price. But it's worth a shot, especially if you get the Kelly Blue Book value and show it is less than the amount stated in the lease. If you have been a long time customer use that to your advantage too. It will probably be cheaper for the dealer to get a little less for the car from you than to add it to their used inventory, clean and warranty the car.
 
  #3  
Old 07-13-05, 11:18 AM
Bodie
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Buying out any lease at the preset price unless you would die unless you keep the current car is strictly a NO.
Current used car values (ACV) are far below what you would pay for the same car and same miles for sale on a dealers lot.
 
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