Buying car after lease.
#1
05-16-2008, 07:31 PM
Join Date: Apr 2008
Posts: 9
Likes: 0
Received 0 Likes
on
0 Posts
Buying car after lease.
Hello all,
Is it possible to work something out with a dealer to buy out your lease for less than the residual. Ie, can the dealer buy it from Infiniti financial for the auction value (without it actually going to auction) and then turn around and sell it to you for a reasonable profit on their part?
Is it possible to work something out with a dealer to buy out your lease for less than the residual. Ie, can the dealer buy it from Infiniti financial for the auction value (without it actually going to auction) and then turn around and sell it to you for a reasonable profit on their part?
#2
05-16-2008, 08:45 PM
No.
You are contractually bound to buy for the residual + buyout fee.
As I've stated before, you could attempt to get the car back at an auction price, but the chances of that are slim to non that you'd see your exact car back at the dealer. It would have to go to the auction for that to be even possible.
Also, the auction value will more than likely be HIGHER than the residual.
You are contractually bound to buy for the residual + buyout fee.
As I've stated before, you could attempt to get the car back at an auction price, but the chances of that are slim to non that you'd see your exact car back at the dealer. It would have to go to the auction for that to be even possible.
Also, the auction value will more than likely be HIGHER than the residual.
Thread
Thread Starter
Forum
Replies
Last Post
vmcarbuyer
Buying, Selling & Leasing Discussion
9
10-12-2019 12:42 PM