Re: Lease return ? - Saab 9-5 Bulletin Board - Saabnet.com
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Re: Lease return ?
Posted by Duke (more from Duke) on Thu, 3 Apr 2003 13:02:40
In Reply to: Lease return ?, seemack, Wed, 2 Apr 2003 19:37:25
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It's certainly worth a try negotiating over the purchase price. For some crazy reason, the financial institutions seem to prefer losing their shirts at wholesale auctions than to try to negotiate with off-lease consumers.
I had a lease on a Saturn that ended about 18 months ago. They (GMAC) wouldn't even entertain an offer from me that was lower than the contracted residual value. I later learned that they sold it at auction for about $3,500 less than that amount... I wasn't surprised. I would have been happy to split that difference with them, as the car was in great shape, but their loss was my gain (I'm now driving a 9-5!).
posted by 67.72.1...
Posts in this Thread:
- Lease return ?, seemack, Wed, 2 Apr 2003 19:37:25
- I see your problem, you're being logical, phred, Thu, 3 Apr 2003 13:09:32
- Re: Lease return ?, Duke, Thu, 3 Apr 2003 13:02:40 <-- Viewing This Message
- some info for ya, Bret, Thu, 3 Apr 2003 11:02:49
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