with a car lease, they give you a price in the contract if you want to purchase the car at the end.?

Question

is that price set in stone, or negotiable? Our lease is through GMAC.

Answer 1

it depends on the lease. Most times though it's negotiable. think about it this way. the dealer wants to get the most money they can out of the car. If you choose to not purchase the car they have to do a full check on the car and send it to an affiliated company that sells used cars, which may by the dealership itself. So if the agreed price to buy after the lease is 6000 but the car is only valued at 5000 at that time then you can negotiate with them.
Sometimes it works out in your favor, where the resale value of the car is above what the agreement is, if this is the case stick to the agreement, even if it's just so you can trade the car in at a later date.

Answer 2

Usually it's a firm price set at the start of the lease but may be negotiable if the lease co has a flood of cars and needs the money instead or if the car is devalued more since the lease began...check with GMAC.

Answer 3

I've heard you can haggle with them sometimes, look up your cars worth on kellys blue book and edmonds. if price for dealer sale is lower than your purchase price offer them something in between. can't hurt