Hi ya'll...well looks like this is it. I'll be making my final lease payment to IFS on Oct 7th. I've spoken with IFS and looks like there is no negotiating on the residual value of 17k. But I still plan to keep my car as I don't like the G37 nor any other car out there for that matter. Either way i'll still be paying for a car I may as well keep something i like.

Anyhow, could any of you guys fill me in on the options available to me for buyout? I've been told the dealership can change my lease to a purchase and i can continue the same payments. My concern would be the the percentage rate would be getting and if it is the best way to go.

If anyone has gone through this process or if any of the dealers on here could clarify it would be greatly appreciated! Thanks!

 

Basically, you pay the residual + buyout fee of 150 + tax title license.

You finance at whatever rate you qualify for. Payments may be higher or lower, depending on what you decide to do in terms of term, and money down.

 

Hi Mike,

THanks for the info. Question regarding the Buyout fee. I was told by IFS that if I go with a loan from my bank and pay the car in full that fee may be waived. Is that true?

 

It is up to IFS if they want to waive the fee or not.

 

I just paid for mine (10/2/08) in full from IFS, a little over $18G's. So now I'm wanting for the title to come in the mail. Thanx GOD no more car note.

 

I've heard you can easily negotiate with them if the residual of the car is actually higher than the market value of the car.

The last thing they want you to do is return the car. If the residual of the car IS higher than the street value, you have a good incentive to do so.

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