Ta00dan Posted November 5, 2012 Report Share Posted November 5, 2012 We have a 2010 edge sport AWD fully loaded and have half a year left on the lease we want to buy it but we're trying to find out a purchase price? Anyone bought their lease and what did you pay ? Quote Link to comment Share on other sites More sharing options...
ls973800 Posted November 5, 2012 Report Share Posted November 5, 2012 Leases can be written so many different ways with so many different factors, that it would be hard to get an accurate figure from anyone other than the selling dealer. You can easily see what the value of a 2010 may be by checking the different websites such as KBB, Edmunds, NADA, etc. This will give a general idea of what the car may be worth. What the buyout figure is going to be may be completely different. Quote Link to comment Share on other sites More sharing options...
11edgelimited Posted November 7, 2012 Report Share Posted November 7, 2012 My lease paperwork says my buyout price. Quote Link to comment Share on other sites More sharing options...
akirby Posted November 7, 2012 Report Share Posted November 7, 2012 My lease paperwork says my buyout price. The point was that the buyout is really just a guess based on the estimated residual value at the time of lease. It may or may not be the current wholesale price 2 or 3 years later. The market can change. Sometimes the buyout is cheaper than the current market and sometimes it's more expensive. Quote Link to comment Share on other sites More sharing options...
timf Posted November 9, 2012 Report Share Posted November 9, 2012 In my experience the buyout price has always been determined at the start of the lease, because what you are paying for is the difference between the original price of the car and the expected residual at the end of the lease plus taxes and interest. Whether or not it makes sense to buy your car off lease depends how well they estimated the residual value of the car. On my last lease, the buyout price was about $8,000 less than the true residual value so it was a no-brainer to buy the car even just to turn around and sell it. Quote Link to comment Share on other sites More sharing options...
RJG Posted November 18, 2012 Report Share Posted November 18, 2012 (edited) The buy price is on your lease papers. If you are signed up for "auto pay", you can get that number from your account on the computer. Market value at lease end you won't know until lease is over, and you'll probably have to figure that out yourself. There is a big difference between wholesale and retail price. I'm leasing our 2012 Limited Edge with NAV on 27 month lease (and investing the cash I didn't spend), and have no intention of turning our Edge back to the dealership.....unless they want to give me $3000-$4000 to do it again saving me the sales tax on the buy. Will start that negoitation near lease end. My buy price is $23,300 in April of 2014. It will have about 22,000 miles on it, garaged 100% of time, and be as clean as the day I got it. Most likely I'll buy the vehicle, drive it a couple months, then sell it and try to make a few thousand. Already made about 10% on cash I didn't spend, so this deal is working out pretty good. Driving this Limited Edge fairly cheaply. Then look for something else to drive. Leasing is more complicated than just paying a check every month. It costs more to lease.....unless you have the cash available to invest successfully elsewhere. For most, buying is better. Study up on your options, There may be opportunity for you. After all, dealership will want to sell another car at your lease end. Put your car in show car condition....interior, under hood, door jams, paint, wheels, tires, etc. Mine stays this way. Edited November 19, 2012 by RJG Quote Link to comment Share on other sites More sharing options...
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