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Re: For Mike Lynch and everybody
Posted by Rafe (more from Rafe) on Sun, 4 Nov 2007 19:01:04
In Reply to: For Mike Lynch and everybody, MartySD, Fri, 2 Nov 2007 15:22:09
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I just bought my two 04 Aeros (his and hers) at contract end, one in August and one in Sept. There was no deal to be had on the buyout by either me or the dealer. The dealer would not even work with me on a CPO turnaround. I ended up just paying the contract buyout price because both cars were low mileage and good condition, and I knew I would hit the 6 years of CPO long before I hit the 100k, and I had no better alternative than to buy two great cars that I love for $17k each.
It may be that in prior years when we could always get good deals on term end buyouts, residuals had been intentionally overstated at contract inception in order to keep monthly payments low, but in more recent years the residuals have been set at the correct level.
I'm interested in seeing Mike's comments when he weighs in.
Posts in this Thread:
- For Mike Lynch and everybody, MartySD, Fri, 2 Nov 2007 15:22:09
- Shopping lessons...., Mike Lynch
, Mon, 5 Nov 2007 12:46:04 - Re: For Mike Lynch and everybody, Rafe, Sun, 4 Nov 2007 19:01:04 <-- Viewing This Message
- Re: For Mike Lynch and everybody, LG Aero, Sun, 4 Nov 2007 05:19:30
- Re: For Mike Lynch and everybody, Kirk, Fri, 2 Nov 2007 16:40:23
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