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Sorta' sometimes, it depends.... Posted by Mike Lynch [Email] ![]() ![]() In Reply to: Is the buyout at the end of the lease negotiable or ..., davec, Fri, 13 Sep 2002 22:56:36 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Awhile ago Chase had residual insurance on their leases and wouldn't negotiate. There was no reason to negotiate with the consumer because if the car didn't bring the residual at auction, Chase was reimbursed the difference by the insurance.
Compare the residual or buy out to the market value. Don't know how to tell you how to do that up north. You could take the car to your Saab dealer and get a buy bid. Here in So Cal I use the Kelley Blue Book website http://www.kbb.com, trade in value at fair condition to estimate the auction prices. If the car is worth less than the residual, than the lease company might be realistic about accepting a lower offer for the car. Some lease companies aren't interested in being realistic. If the car brings the money at auction, why negotiate with the lessee?
Residual value vs. market or auction value, does the lease company have residual insurance, lease company policy are all factors that change from year to year.
Can't hurt to try. How good of a negotiator are you?
posted by 207.158.49...
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