Greetings!
The lease on my 95 is up in a month and I’m pretty
sure I’d like to exercise the purchase option. I just
can’t see myself not driving this particular car. 
I’m interested in any advice concerning this transaction
with my dealership. Can the buyout price be negotiated?
I just want to be as informed as possible before handing
over a check…
Thanks in advance. I’ve been lurking in this ng for quite
a while and find it extremely informative…
Kevin Quinlan
’95 Classic Red
—
Kevin Quinlan
Research Engineer
ERIM International, Inc.
Ann Arbor, Michigan
email: quin…@erim-int.com
Kevin —
Normally, the lease buyout parameters are specified in your original
lease. The dealer MAY be willing to negotiate if the market is
especially soft for that model, but if the buyout price is less than he
can get for your car on the used lot, why would he be motivated to do
so? Leases are usually designed so that the dealer is protected, IOW,
the buyout price may be high, so you should check about prices for
similar used models.
- Hide quoted text — Show quoted text -
Kevin Quinlan wrote:
> Greetings!
> The lease on my 95 is up in a month and I’m pretty
> sure I’d like to exercise the purchase option. I just
> can’t see myself not driving this particular car.
> I’m interested in any advice concerning this transaction
> with my dealership. Can the buyout price be negotiated?
> I just want to be as informed as possible before handing
> over a check…
> Thanks in advance. I’ve been lurking in this ng for quite
> a while and find it extremely informative…
> Kevin Quinlan
> ’95 Classic Red
> —
> Kevin Quinlan
> Research Engineer
> ERIM International, Inc.
> Ann Arbor, Michigan
> email: quin…@erim-int.com
I tried this to no effect what so ever. When you are terminating a lease
you are dealing with the finance company, the dealer has little to do with
it. Even if its Mazda finance. I tried to make a realistic offer to Mazda
Credit. I spoke to them on the phine and faxed a letter to their manager.
No response. I would have bought the car for a very small discount since
my wife liked the car so much. But instead I bought her a ‘new’ 1997 with
no miles and a lot of accessories for not much over the buyout price. So
look closely at what is available. Mazda took a real beating but their
finance arm didn’t seem to care and the dealers bid on returned cars at an
internal auction so they will get a good deal and pass on as large a bill
as the market will bear. They really don’t care about your turn in from
you, only the finance company. I am a capitalist, I believe a company
needs to make some profit, its just not my job to make it for them.
In article <352AAF6E.EBE78…@bigdconst.com>, Steve Spurlock
- Hide quoted text — Show quoted text -
<ste…@bigdconst.com> wrote:
> Kevin —
> Normally, the lease buyout parameters are specified in your original
> lease. The dealer MAY be willing to negotiate if the market is
> especially soft for that model, but if the buyout price is less than he
> can get for your car on the used lot, why would he be motivated to do
> so? Leases are usually designed so that the dealer is protected, IOW,
> the buyout price may be high, so you should check about prices for
> similar used models.
> Kevin Quinlan wrote:
> > Greetings!
> > The lease on my 95 is up in a month and I’m pretty
> > sure I’d like to exercise the purchase option. I just
> > can’t see myself not driving this particular car.
> > I’m interested in any advice concerning this transaction
> > with my dealership. Can the buyout price be negotiated?
> > I just want to be as informed as possible before handing
> > over a check…
> > Thanks in advance. I’ve been lurking in this ng for quite
> > a while and find it extremely informative…
> > Kevin Quinlan
> > ’95 Classic Red
> > —
> > Kevin Quinlan
> > Research Engineer
> > ERIM International, Inc.
> > Ann Arbor, Michigan
> > email: quin…@erim-int.com
–
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On 07 Apr 1998 21:47:58 GMT, quin…@rl200b.erim.org (Kevin Quinlan)
wrote:
- Hide quoted text — Show quoted text -
>Greetings!
>The lease on my 95 is up in a month and I’m pretty
>sure I’d like to exercise the purchase option. I just
>can’t see myself not driving this particular car.
>I’m interested in any advice concerning this transaction
>with my dealership. Can the buyout price be negotiated?
>I just want to be as informed as possible before handing
>over a check…
>Thanks in advance. I’ve been lurking in this ng for quite
>a while and find it extremely informative…
>Kevin Quinlan
>’95 Classic Red
Kevin,
Check the wholesale blue book price befor you buy. I just returned my
95 M-Edition. It had a 15, 295 residual value and a 12,800 book value.
The dealer told me he would sale the car back to me. The price would
be the residual plus smog & saftey. For the same payment i would make
to buy my 95 i can lease a 99. I went with the 99. The dealer wanted
to keep me as a customer and leased me a 99 for aprox 1000 over
invoice.
Mikey
97 Explorer Sport
98 Jeep Wrangler
99 Miata Black W/ leather