I have a delima. I screwed up last year and let the dealer talk me into leasing hte car for a year (one pay lease). Now, my lease is about to expire on my 06 6MT and my buyout is $33,000. Is the buyout high for the market value of my car with 10,500 miles? Is the buyout negotiable at the dealer? I like the car, but I dont want to pay too much for it.

 

Depends on how much you have already invested. I was at the dealership the other day and saw that the 06's were about 36k. Since the 07's will be available in a couple of months you could get a new one for around 33k. So return the lease and make it know to them that you want to buy a new one for around your buyout price.

 

y would u say theres something wrong with a 1 year lease..if anything it was great because the residual was so high for the deal that your monthly payments would be extremely low.

 

The only thing wrong with the lease was that hte buyout is almost $33,000. I need to go to a dealer, but the closest dealer is in Raleigh (1 hour away).

 

How could high residual be a problem? If its lower? you will be paying more per months. The idea of short term lease is the get "new" car every so often, not to retain the same car once the lease is up.

The residual isnt negotiable, its what you "owe", after the lease is up? you return it with decent conditions to satisfy the amount you "owe", the dealership have no say so in the matter, cus the car is belong to lending company, if they lower the residual to get you into other car? they will have to pay the difference which is still coming from your new contract, not saying that dealership wont have some kinda of deal with manufacture.

 

yea the whole point of the 1 year lease is to get in and out of a car quickly and cheaply..if u had intent on buying this car after the lease then u did the wrong thing

 

Looking at his sig you can see that he has put some aftermarket parts on. I hope if you are returning it you still have you exhaust and other parts. The tints should be ok.

 

I have all the stock parts. I did the 1 pay because I tend to get a new car every year, but I actually like this car. I have have 10 cars in the last 9 years. Thanks for answering my questions!

 

Did a quick check on the autotrader? to my surprise, there are quite a few of 06 G35 sells below 32k...So, even as high as your residual was? 33k isnt great deal, but consider you have about 2K aftermarker stuff on? its a tough call.

http://www.autotrader.com/fyc/search...=&keywordsfyc=