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You already did negotiate your buy-out...
Posted by Roger (more from Roger) on Fri, 11 Jun 2004 11:21:29
In Reply to: Has anyone had any success negotiating their buyouts ?, Jolie, Fri, 11 Jun 2004 09:36:37
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This upsets a lot of people, but you actually have already negotiated your buy-out. Remember when you signed the lease agreement specifying quantity and size of your monthly payments? Well, the monthly lease payment is determined based on three factors; sale cost of automobile with options, residual value of car at end of lease, interest rate (also called lease factor or something similar). The residual value of car is your contractual obligation for buy-out cost. Yes, it was determined by SFC, but you signed the papers accepting the terms.
The scenario described by keeton is fantastic! I doubt many Dealers will be willing to do this but it accomplishes exactly what you want to do (enjoy high depreciation of your automobile with low buy-out cost), without changing terms of original agreement. Pursue this option with a customer friendly dealer.
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