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Trade vs return...... Posted by Mike Lynch [Email] ![]() ![]() In Reply to: Re: Least painful way...., 2SaabMark, Fri, 21 Jan 2005 08:05:28 Members do not see ads below this line. - Help Keep This Site Online - Signup |
If you return it, that is the dealer doesn't buy it, then the mileage and excess wear and tear is due. If the dealer will buy it for a figure, say $9k as an example, now you've only got the difference between the $15.5k and the $9k, which is less than 20 cents a mile. BTW I thought I was pretty sure 2002 was 20 cents a miles over.
So if the dealer buys it, the mileage charge doesn't come into play. it becomes just the difference between the ACV and the payoff. If the difference between the ACV and the payoff is less than the mileage charge, than the dealer will take it in trade. If the miles are cheaper than the car goes back to SFSC. BTW if it does go back and you re-lease through SFSC they will waive the $350 disposition fee, another savings.
A GM employee deal becomes more difficult to bury negative equity 'cause you can't hide anything in the cap, you have to use the designated employee price for the cap. You can still use the rebates and incentives towards the negative, but not any of the profit.
I got about $650 ish when I did it, counting a couple of grand from you and the rest buried in the new payment, not accounting for a GM deal.
posted by 63.197.222...
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