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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Experience with buying car after lease expires
Were your payments MUCH more than what they were during the lease? Is there a calculator that i can use instead of sitting in the dealership all darn day to get a round about?
Any info would be lovely!
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Posted 1/31/13 1:26 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
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Re: Experience with buying car after lease expires
If we buy after our lease, our payments should remain the same.
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| Posted 1/31/13 1:34 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: Experience with buying car after lease expires
it really depends on how much the car is worth, then the type of deal you get with rate, lenght, etc..
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| Posted 1/31/13 1:52 PM |
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Kitten1929
LIF Adult
Member since 1/13 6040 total posts
Name:
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Experience with buying car after lease expires
I had a friend who leased a Nissan XTerra. Once the lease was up she financed the remaining payments. When it's said and done, she's been paying this car off for 9 years.
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| Posted 1/31/13 2:01 PM |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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Experience with buying car after lease expires
Our lease was almost up and we were about to go over our miles so we went to the dealer to weigh our options. Our lease payments were a little over $200/month but to buy out our lease would have increased our payments to well over $400/month for 4 or 5 years. It was not worth it so we leased a new car.
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| Posted 1/31/13 2:08 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Experience with buying car after lease expires
Call the leasing company and find out what the car's buyout is at the end of the lease. Then ask them if you finance through them what financing programs they are offering. Then shop the financing to find out if there's a better deal.
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| Posted 1/31/13 2:23 PM |
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SusiBee
. . . . .
Member since 3/09 8268 total posts
Name:
S
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Re: Experience with buying car after lease expires
Don't forget that you have to pay sales tax on the residual value of the car if you buy out your lease.
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| Posted 1/31/13 3:58 PM |
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sunnyflies
LIF Adult
Member since 9/09 1757 total posts
Name:
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Experience with buying car after lease expires
I bought years ago and the payments stayed the same. In fact, I made a lower offer on the price and after a week it was accepted.
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| Posted 1/31/13 7:50 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: Experience with buying car after lease expires
HI! Thanks everyone for your responses. I called Hyundai (I have a 2011 sonata, leased in 2010), the residual value is 12,630.00 I actually like the car alot and put new tires on and front brakes, and have been good about oil changes.
Are you saying that I can "make a deal" on the price? As in, offer $11,500 for the car?
I never did this before. (I hate new experiences...)
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| Posted 2/1/13 10:41 AM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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Re: Experience with buying car after lease expires
Posted by rkoenke
HI! Thanks everyone for your responses. I called Hyundai (I have a 2011 sonata, leased in 2010), the residual value is 12,630.00 I actually like the car alot and put new tires on and front brakes, and have been good about oil changes.
Are you saying that I can "make a deal" on the price? As in, offer $11,500 for the car?
I never did this before. (I hate new experiences...)
Ask the leasign company what your options are. I had a honda Civic once and at the end of the lease I could actually re-lease it if I wanted.
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| Posted 2/1/13 11:45 AM |
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