? for those who have leased a car--lease end buyout

I'm assuming that this is the same as a bargain purchase option (BPO) and in that case, the purcahse price 'discount' at the end is just built into the lease payments over the life of the lease.

But yes, at the end of the lease, you can buy the car outright for cheaper than its market value at that moment in time.

(If I am understanding your question correctly)

Disclaimer: I have not ever leased a car; there are salesman on here that do this for a living: Calling seeLSUrun.

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this is the part I want to verify..thinking about buying a tahoe/yukon this way because 45/50 grand is pretty steep to cough up all at once....and I know..if I can't afford it cash then I can't afford it..gtfo

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Are you looking only at new cars or are you willing to buy used?

With gas prices continuing to rise, I have to imagine you can get those at a steep discount in the used market.

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With gas prices continuing to rise, I have to imagine you can get those at a steep discount in the used market.

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I've been shopping and it doesn't look like they discount them much. I see 09's and 10's listed at 40K and I can probably just buy a new one for 45...plus I got really fricked on the current car I'm in buying used, part my own fault, but by a dealer being shady and abusing a certified used label.

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I have two leased cars right now with one coming off lease next month. The buyout option is $13,500 and the trade-in value according to Kelley Blue Book is $18,675. In the past I've had two friends who took advantage of this and bought the cars from the lessor. Good deal for them and a good deal for me because I didn't have to pay the $300 disposition fee.

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do you think overall if you buy out the lease you end up paying about the same as you would have paid buying the car instead of leasing?

I bought a lease car in April of last year. The payment was $10,700 +/-. When I traded in the car about 4 months later, I got about $10,000 for it (blue book was $11,200, but it needed new tires and a few other minor repairs).

It's definitely cheaper than buying that same car off the lot, but at the end of the day, I don't know how much equity you'll actually have in the car. You shouldn't be upside down either, so I guess that's a plus.

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Typically, consumer leases to unsavvy lessees favor the dealer.

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The dealer sees nothing more from a lease than a purchase.

Here is basically what you need to take into account to make it simple:

Do you still want to drive this kind of car? Is it in similar and/or better shape compared to other cars with similar mileage and year?

If the answer is yes, then you need to look at the buyout plus whatever fees you have to pay at the end. If you are going over on miles, you'll have to pay a penalty. If there is damage to the vehicle besides normal wear and tear you'll have to pay that as well.

So what you need to look at is what the buyout is and then add the fees that you are most likely going to have to pay(milage is cut and dry, look at your lease contract) and add those two together.

If that number is lower than what it would cost to buy a similar vehicle, then it's a good deal to buy your lease out. If that number is higher than what a similar vehicle would cost, don't buy out the lease.

These are in pretty simple terms. If you want to lay out all the details I'm sure I and others that know about leases/cars can help you out further. Information about the type of car(make, model, year, mileage, condition) and then info on the buyout as well as the mileage would all be pertinent information to have us help you further.

Good luck!

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do you think overall if you buy out the lease you end up paying about the same as you would have paid buying the car instead of leasing?

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No, you'll pay more because you're in effect financing for a longer period. Leases work for me because I'm a low-mileage driver and I just roll over to a new lease every three years.

One word of advice if you're going to lease: stick with the manufacturer's special incentive leases and don't deviate from them with additional options. If you do you open the door for the dealer to frick you over big time.

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Which is to maximize profit. Seriously, who is gullible here?

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Huh?

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It most probaly helps at the dealership that she is a hot babe

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pics or gtfo

I am currently leasing a 2011 Infiniti G37 Convertible. Got the price below invoice. The interest rate was a little higher, but instead of doing all cash, did a MSD, so even though I gave the dealer $7319.64, I get back $5400 when I turn the car in. If they hadn't screwed up the calculation, I would have got back $6300. I just told them to apply the extra $900 to my note instead of sending it back.

MF (Money Factor) should have been .00180 but they did a markup of .0005, but did get a discount on the msd's of .0009. Final MF was .0014. MSRP was $52505 but CC (Purchase price) was $48500. Doing a 36 month lease, 15k miles per year. Rate was not any better with a 12K or 15K, so did the 15K since I usually put about 13K on my cars per year. RV (Residual Value) is $32028. I don't put a lot of miles on the car, so I am thinking the blue book will be way over the $32028 when the lease is up, so I may just do the purchase and then sell the vehicle outright.