Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n | |
08-06-2010, 12:07 AM
|
#1 | Even when im right, revscene.net is still right!
Join Date: Feb 2004 Location: Victoria
Posts: 1,311
Thanked 707 Times in 140 Posts
Failed 51 Times in 20 Posts
| Taking Over A Lease?
Has anyone taken over a car lease before? I've been searching various places, including LeaseBusters, and there seems to be some good deals to be had. Just interested in hearing others' experiences/thoughts.
|
| |
08-06-2010, 12:09 AM
|
#2 | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
|
examples of good deals? It is pretty hard to find a lease with a good buyout. It might seem like a reasonable buyout 5 years before the day actually comes, but you'd be lucky to have a buyout near actual retail value.
|
| |
08-06-2010, 12:11 AM
|
#3 | WOAH! i think Vtec just kicked in!
Join Date: Sep 2008 Location: Van
Posts: 1,664
Thanked 413 Times in 101 Posts
Failed 95 Times in 37 Posts
|
I have used Craigs for the same purpose in the past, both for offering lease transfer and taking somone's lease.
Just make sure you understand the contract terms and your responsibilites upon lease end.
|
| |
08-06-2010, 12:15 AM
|
#4 | Even when im right, revscene.net is still right!
Join Date: Feb 2004 Location: Victoria
Posts: 1,311
Thanked 707 Times in 140 Posts
Failed 51 Times in 20 Posts
| Quote:
Originally Posted by Jgresch examples of good deals? It is pretty hard to find a lease with a good buyout. It might seem like a reasonable buyout 5 years before the day actually comes, but you'd be lucky to have a buyout near actual retail value. | This is the one I was looking at with the most interest: http://leasebusters.com/en/details.asp?ID=99656
I'd have to sell my car first, so I'm obviously not going to go for this exact one, but it's an example of what's available.
|
| |
08-06-2010, 12:29 AM
|
#5 | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,477
Thanked 3,341 Times in 842 Posts
Failed 207 Times in 86 Posts
|
^ that is not a crazy good deal.
$44,000 for a car worth around 40?
edit: I'm assuming you want to buy it out? otherwise you could lease a 2010 for 2 years for the same price.
On top of the 25,309 buyout, you will most likely pay tax, as well as re-finance it... making it even more money.
|
| |
08-06-2010, 04:41 AM
|
#6 | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 6,044
Thanked 315 Times in 149 Posts
Failed 53 Times in 33 Posts
|
^ if he just leases it for the remainder, then he saved on the down payment. but
judging by the monthly payment the downpayment wasn't that substantial.
edit:
lol dont do it
__________________ 1996 Honda Accord 1995 Nissan 240sx 2004 Infiniti G35 2005 Honda Jazz BuySell Feedback Quote:
"It's called Sex Panther by Odeon. It's illegal in nine countries... Yep, it's made with bits of real panther, so you know it's good ... They've done studies, you know. 60% of the time it works, every time. "
| |
| |
08-06-2010, 08:59 AM
|
#7 | Rs has made me the woman i am today!
Join Date: Apr 2007
Posts: 4,066
Thanked 634 Times in 142 Posts
Failed 192 Times in 78 Posts
|
it really depends if you want to keep the car at the end of the lease, if you dont, there are many good deals out there, but if you do, its harder to find a good buyout tag along with a low interest rate over all during the lease
|
| |
08-06-2010, 05:24 PM
|
#8 | Even when im right, revscene.net is still right!
Join Date: Feb 2004 Location: Victoria
Posts: 1,311
Thanked 707 Times in 140 Posts
Failed 51 Times in 20 Posts
| Quote:
Originally Posted by Jgresch ^ that is not a crazy good deal.
$44,000 for a car worth around 40?
edit: I'm assuming you want to buy it out? otherwise you could lease a 2010 for 2 years for the same price.
On top of the 25,309 buyout, you will most likely pay tax, as well as re-finance it... making it even more money. | I never said it was a "crazy good deal"... just pointing it out as an example of the prices for lease takeovers.
And no, I do not plan on buying out the car after the lease. You cannot get a 2010 for anywhere near that price (~$795/mo after tax with $0 down) and don't forget the owner is offering $2400 cash incentive. Quote:
Originally Posted by TRD Rs200 it really depends if you want to keep the car at the end of the lease, if you dont, there are many good deals out there, but if you do, its harder to find a good buyout tag along with a low interest rate over all during the lease | Interesting. Not planning on buying out though, just want a nice car under warranty without committing myself to purchasing a vehicle.
I am self-employed so I can also write off a small portion of my car costs (20%?) as a before-tax expense.
Anyway, thanks all for the responses, still looking for more input.
Last edited by Amaru; 08-06-2010 at 05:31 PM.
|
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 10:31 PM. |