Our caravan's tail light caught on fire. It is now fixed under warranty. We had the intentions of buying out the car and because of the problem, we do not want to continue our lease with this specific car. We have 20 months remaining on the lease. Chrysler Canada is willing to pay off our lease. Buyout is about $10,000 at the end of the lease. If we sell back to Chrysler now, do you think we could get more and put the difference towards another car? Help!
2007-11-08 03:17:53 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Car currently has 20,800km
2007-11-08 04:23:35 · update #1
Chrysler Canada will assume the remaining lease payments to get us out. They said they have never done this before but will do it.
2007-11-08 04:40:08 · update #2
Put it up on leasetrader.com or swapalease.com get someone to assume your lease and start over with something else.
2007-11-08 04:26:22 · answer #1 · answered by ♥Kempa♥ 4 · 0⤊ 0⤋
You are at the mercy of the leasing company for the term of the lease. You are contractually obligated to pay them the final 20 months. They call the shots.
If you are unhappy with the car and would flip the lease with the same leasing company on a new vehicle that is the best you are going to do. I would bet you are going to have some out of pocket or a higher lease payment doing that.The residual is irrelevant.
2007-11-08 04:28:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Leasing is the present trend now. 17% of recent autos are leases. only observed the parent on CNBC the day gone by. you have open and cosed end leases. you need to wish an open ended hire, that enables you to purchase the motor vehicle while the hire is achieved, for an agreed fee, the envisioned residual value. in case you have, or think of you will have no pastime in determining to purchase the motor vehicle while the hire is up, then it somewhat is of no subject to you. i'm undecided in the event that they nonetheless have it, or if it grew to become into in basic terms a interior of sight subject, yet they used to have a pretrade software. each and every 2 years, you will possibly commerce on your motor vehicle and get yet another one. You paid a month-to-month fee and only stored paying it and swapped autos each and every 2 years. So easily, it grew to become right into a 2 365 days hire. lots of people are sorry they have been given into leases. They hate having paid lots funds and not having something to teach for it after the hire grew to become into up. fairly if that they had a mileage subject and went over, plus they could have hit up for atypical placed on and tear, and a few physique injury for a scrape they have been given in a motor vehicle park, or door ding. I prefer to purchase, that way after a pair of years, the motor vehicle is mine and that i will tension it loose. in case you do no longer count variety gasoline, oil, upkeep and components. yet a minimum of, that is mine and the taxes are paid.
2016-12-08 15:44:31 · answer #3 · answered by carmean 4 · 0⤊ 0⤋
You could only get an accurate answer to that by asking Chrysler Canada. Good luck
2007-11-08 03:24:55 · answer #4 · answered by Otto 7 · 0⤊ 0⤋
Get out and get something else. The Caravan will be barely worth the $10,000
2007-11-08 03:23:02 · answer #5 · answered by R1volta 6 · 0⤊ 0⤋
I REALLY DON'T THINK THAT YOU WILL GET MORE FROM THE DEALER, SELL IT OUTRIGHT WOULD BE YOUR BEST BET.
2007-11-08 03:23:28 · answer #6 · answered by Anonymous · 0⤊ 2⤋