2007-09-15 09:20:09 · 3 answers · asked by adkim66 1 in Cars & Transportation ➔ Buying & Selling
Leases will tell you how much you must pay to purchase the car at the end of the lease.
It is calculated when you first sign the lease.
If you are lucky the car will be worth more than the purchase price. If you are not lucky it will be worth less than the purchase price;but, you are still lucky, because you can turn it in and not purchase it.
You can find out the purchase price by calling the leasing company and asking them.
2007-09-15 09:28:23 · answer #1 · answered by ignoramus 7 · 0⤊ 0⤋
Whn you signed the lease the deal had in it sometnig called "resdiusl value" that is what the car company said the car would be worht at the end of the lease. that number is a double edge sword. If it's high(eg 62%) lease payments were low, but the buy cost is that 62% of original MSRP. that price is *not* negotiable, you already agreed to it as lease signing.
you would then need to find financing for the new purchace. It would be better to turn in your lease and purchace the *new* model of the leased car, you'll get a better deal.
2007-09-16 10:03:08 · answer #2 · answered by Philip 2 · 0⤊ 0⤋
when you signed the lease there was a price called residual vaule and that is what you will pay for the car if you decode to buy it at the lease end, but do not buy that car as you leased it at sticker price and you already over paid, so best to turn in and either lease another or buy one, but not that one. The dealer leases you the car at stciker price and therefore you pay more for it.
2007-09-17 20:56:44 · answer #3 · answered by nappa 7 · 0⤊ 0⤋