My Car Lease is up, Need a replacement, Suggestion?

[Rockslinger]

Not sure this will affect your life but the Canadian government just announced they will guarantee all car loans and leases. This should make it easier for you to qualify for a car loan or lease.

Sorry, 2 Wheel Guy, no mention about guaranteeing any bike loans or leases.

 

[ang]

Not sure this will affect your life but the Canadian government just announced they will guarantee all car loans and leases. This should make it easier for you to qualify for a car loan or lease.

Sorry, 2 Wheel Guy, no mention about guaranteeing any bike loans or leases.

It's ok RS, I already sold him a bike, with a few extras involved....no loan necessary....right 2 wheeler????

 

[Cycleguy007]

It's ok RS, I already sold him a bike, with a few extras involved....no loan necessary....right 2 wheeler????

I assume you are talking to me Rock & Ang...

Rock- no loan is necessary as the check from the Insurance was posted to me today. It will be paid for in full.

Ang: Actually I wasn't so much interested in the bike, since I have already scoped out that TREK in the photo I posted yesterday AND placed a healthy deposit...

HOWEVER, the accessories are of GREAT INTEREST!!

 

[Schon]

Honda, Toyota First Choice
Mazda, Nissan 2nd, Choice
Good Resale value too
But for God sake do not buy Hyundai- No Resale and you will have tons of problems, a friend of mine bought a brand new hyundai accent but since the time of its purchase its electronic light remains on, and now even the concerned dealer cannot repair the same, and the lady in in hot soup, cursing herself why did she purchased a Hyundai?

 

[Nickelodeon]

I also have a lease ending in august. My original plan was to lease a new car but with the current state of the market I'm more inclined to purchase my current vehicle at the end of the lease. My main problem with that is my buyout price is higher than I really want to spend, and higher than i think I should have to. Is there anyway I can use the current state of the auto market to negotiate a better buyout price?(I know it's written on my lease agreement, but still)

This happened to me as well. First of all, it's good news because if the car is worth less than the buyout you've been getting a good deal during the term of the lease. Why, because you've paid on an artificially high residual value.

My manufacturer would not negotiate on the buyout amount. So one option if you really like the car is to drop it off and then go shop the dealers for your best deal. You'll like get at least a 1-2 warranty on your new purchase.

Good luck.

 

[oxymoronic1]

This happened to me as well. First of all, it's good news because if the car is worth less than the buyout you've been getting a good deal during the term of the lease. Why, because you've paid on an artificially high residual value.

My manufacturer would not negotiate on the buyout amount. So one option if you really like the car is to drop it off and then go shop the dealers for your best deal. You'll like get at least a 1-2 warranty on your new purchase.

Good luck.

Just went thru same, only pseudo negotiable part is that the finance co. that actually financed your lease, ie. GMAC, Chrysler Financial, etc., may give you a really good rate on the buyout loan, which amounts to real savings.

In my case it still wasn't worth it, so I dropped it off and got a used car dealer (the old friend of a friend thing) to pick me up nearly the same vehicle at the wholesale auction.

In the end, got a year newer, 20,000 less km's for less than my buyout. Requires some trust on both sides, but worked good for me. He made about $750 without carrying the inventory (risk free) and I got myself a newer vehicle!

Good luck...

 

[rama putri]

My last 3 cars were bought cash - well via Interact technically. None of them American.