Is there any way to negotiate the purchase price with the dealer, or is the price of buying the car after the lease pretty much set in stone? Thanks!
2007-05-22 04:00:07 · 4 answers · asked by marky p 1 in Cars & Transportation ➔ Buying & Selling
Read your original lease contract . The contract will spell out your purchase options & will also detail how your purchase price is determined. And whether it is negotiable or not.
Some lenders use the original residual as your price, some use a NADA market value. Neither of these are negotiable.
In fact the dealer is not the one to negotiate with at all. The lender is the one that determines this option. They, NOT the dealer, own the vehicle.
2007-05-22 04:24:56 · answer #1 · answered by Vicky 7 · 1⤊ 0⤋
How long have you been leasing the car? When you lease a vehicle you are basically paying for the use of the vehicle for the time period you specified. These payments are a lot lower as you really don't own the vehicle. At the end of the lease the car may not be worth what the "balloon" payment is. You will need to check the blue book and black book price of the car. If there is a large difference in the banks favor I would give up the car. Get a new lease or look for a similar car and buy it at a cheaper price. You can always make an offer to the bank but since the balloon payment is in the contract they may not budge.
2007-05-22 04:18:34 · answer #2 · answered by Flyboy in Red 2 · 0⤊ 0⤋
Usually, when the lease is up, you'll get a letter letting you know the purchase price. I'm not sure how much leeway you have with this price, but I'm pretty sure you can negotiate to some degree
2007-05-22 04:08:31 · answer #3 · answered by twosey ♥ 5 · 0⤊ 0⤋
you ought to be counting the days till you could unload that Trailblazer. do no longer even think of roughly procuring this motor vehicle. gas costs won't come down sufficient to make this motor vehicle eye-catching. there are hundreds of SUV and pickup proprietors who might kill to be on your subject the place they might walk faraway from their gas guzzler. additionally that value is thoroughly out of line with the present value. take a seem on your community paper for used Trailblazers. My wager is they are going for greater or less $15k to $18k. sure you elect a roomy vehicle yet you do no longer choose an huge SUV like the Trailblazer. take a seem on the Subaru Forrester, Honda CRV, RAV-4, get away, and so on. they are smaller yet might have a lot of room on your loved ones and get greater advantageous gas mileage then the Trailblazer.
2016-11-04 23:55:35 · answer #4 · answered by ridinger 4 · 0⤊ 0⤋