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No guarantee of being able to do this....... Posted by MI-Roger [Email] (#882) [Profile/Gallery] (more from MI-Roger) on Sat, 27 Feb 2010 07:47:43 In Reply to: Negotiating Market Value Lease Buyout w/GMAC, Brian, Thu, 25 Feb 2010 16:48:01 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Remember, the monthly lease payment is calculated based upon a pre-determined (estimated) market value of the vehicle at lease end. By signing the lease agreement you are signing a contract specifying that you will pay this amount at lease end if you want the vehicle.
All contracts can be opened to renegotiaiton if BOTH parties determine different terms will/may provide greater benefit to them. You can always ask, but there is no guarantee they will seriously consider your request. Expecially since the lease contract provides you with at least three (I think) options: 1) pay the contractual lease end value for the car; 2) roll the lease over into a new lease with reduced lease origination fees; or 3) turn in the keys and walk away.
It never hurts to ask, but realize this is not a standard practice.
posted by 98.250.156...
_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles
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