Buying Your Car at the End of the Lease?

[DiznEeyore]

We've been leasing my Saturn (our first lease -- 0% financing and bil's discount) and it's up this August. The buyout in the contract is $7900 but Blue Book right now is $6100.

What I'm trying to find out is how negotiable the companies are at the end of a lease? I want to keep this car and pay cash for it, but I don't want to get hosed when Blue Book value is $1800 below the buyout number.

I'd love advice from anyone who's successfully negotiated a "fair" price at the end of their lease! TIA!!

 

[SugarBear]

They will be more than happy to negotiate with you. You definitely won't have to pay more than blue book value and they might even make an offer a few $$$ less. When they called me, I let them know that I knew what the blue book value was and their first offer was lower. Good luck!

 

[DiznEeyore]

Mary, you've given me hope!

Can I ask what car company your lease was through? Ours is GMAC obviously.

Thanks!!