Question about Lease
02-07-2006, 09:46 AM
#1
bang bang.
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Question about Lease
Ive got a friend that has a lease on this car... she said she has 2 more payments left and the buy out is $7,500.
well, she wants a new car, so if she took it to the dealership, would it be like a trade in and get 7,500 taken off the price of the new car she gets?
how does it work? thanks.
well, she wants a new car, so if she took it to the dealership, would it be like a trade in and get 7,500 taken off the price of the new car she gets?
how does it work? thanks.
02-07-2006, 09:58 AM
#3
RIP Woong.
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the car isn't hers, how can she get $7500 credit toward a trade-in? the end of the lease is the end of the lease...she either turns it in or buys it out (or finances the $7500 residual).
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02-07-2006, 10:02 AM
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Originally Posted by syked
not sure... all i know is that the buy out is 7,500... so in terms of her getting a new car, what can she do?
im not familiar at all with leases
im not familiar at all with leases
Or if she want she can go to a dealer ask them how much trade in they would give her for the leased car... if more then 7500 then she can buy it and trade in.
She could also buy the car at 7500 and try to sell it to a private for a some profit.
