Quote:
Originally Posted by Raz335
Thanks for the info. The 8-10K drop in value is exactly my concern. The market value of my car is below my residual, so it wouldn't make sense to buy it at the contracted buyout price. The choices are to give the car back, or buyout at a negotiated lower price. Buying out at the lease stipulated price is a non option. The problem with getting a new same spec car is the extra paid for bank fees, disposition fee for my existing car, higher MSRP for the new car and worse lease rates than what I have now. It doesn't make financial sense.
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you are able to buy it at the new residual