I've got a Honda Pilot that has 1 more payment and the buyout value is $19,000 (Canadian - I'm in ontario)... i'm 10K below the KM limit... so comparable cars are selling for $24,000... we are not getting another Honda - so i can't negotiate with Honda dealership.. how can i get that $5000 out? If i buy it and sell it there is $3000 of taxes to pay which increases the risk... thoughts?
2007-06-27 09:52:08 · 2 answers · asked by grandipti 1 in Cars & Transportation ➔ Buying & Selling
Take the car to a dealer, and see what they offer you for it! Compare that to what it will cost you to buy the vehicle (including taxes and fees). Remember that you will most likely have to pay for some "excessive" wear if you turn the car in, with most leased they can find something to charge you for, even if it is a coffee stain on the carpet!
If you are offered more than your cost, sell the car to the dealer, and they can pay the leasing company! You do not have to be buying a car from a dealership to sell them one!!
2007-06-27 10:16:45 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
you never get your money out of a vehicle as they are one of those things that decreases in value as they add up the miles
2007-06-27 09:56:03 · answer #2 · answered by bungee 6 · 0⤊ 2⤋