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      06-06-2012, 10:04 PM   #36
bulldog x6
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Drives: x6 panzer
Join Date: Oct 2008
Location: probably work

Posts: 5,017
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Quote:
Originally Posted by Dubbedown View Post
Yes, but your post is going to leave others misinformed. You can buy, sell, donate, destroy, a lease vehicle but the point is in order to do any of these, you must FIRST buy the vehicle.

A lease is nothing more than rent payments + option to buy. It is your choice whether or not you want to exercise that option (at the buyout price). And yes that price is also negotiable to a certain degree.

But what OP FAILED TO REALIZE is that he did not retain ANY ownership of this vehicle DURING the lease, which is why he made this thread. He was worried about loss of residual/resale value - but that is one of the benefits of leasing, you aren't stuck with obsolescence. Thus I tried to clear things up for him...

You can do whatever you want WHEN the car is YOURS. If you want to own the car, you need to BUY it upon lease termination.

Yes, you can sell it after you buy. But why would you buy it just so you can resell it? Presumably you're not going to be able to sell it for higher than what you paid at the dealer (even if this damage history was a non-issue)

Why would you want to sell to Carmax or autotrader? You are not obligated to sell the car since you don't own the car. Just walk away from the lease. And if you think you can profit by buying it from the dealer and reselling, think again.

What you are suggesting is breaking the lease. You are legally obligated to fulfill the lease.
^this post x10000 - its all spelled out very clearly here but OP doesn't seem to comprehend.....
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