discounting residual value on a lease....
#1
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when i go and speak to someone about my lease buy out what do i ask? do i ask upright can i get a discount on my residual value? i got the following off edmunds.com for a 2000 a4 quattro. i have to call in to see what my residual value to pay is, but if say it was $15,000... what do i say to make them give me a discount?
Dealer Trade-In: What Others Are Getting $15,533
Private Party: What Others Are Getting/Paying $17,190
Dealer Retail: What Others Are Paying $18,813
Dealer Trade-In: What Others Are Getting $15,533
Private Party: What Others Are Getting/Paying $17,190
Dealer Retail: What Others Are Paying $18,813
#2
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Based on accounts here, AFS won't budge on the lease residuals, you pay what's in your contract. Call a few months before the lease is up, and they may be willing to forgive the last few lease payments and let you buy at the lease residual stated in your contract. This will save you some money ($600-900), depending on how many money they let you off the hook for.
If the leasing company is someone other than AFS, you may be able to bargain with them (and you should). Throw out a number near wholesale, or just above. If they don't accept your offer, they will end up auctioning the car off, and they will be lucky to get wholesale.
If the leasing company is someone other than AFS, you may be able to bargain with them (and you should). Throw out a number near wholesale, or just above. If they don't accept your offer, they will end up auctioning the car off, and they will be lucky to get wholesale.
#4
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With AFS, I recommend contacting them at least 3 payments before the lease end, and let them know you want to buy, then discuss options with them. If they are unwilling to bargain on the residual, see if they will discard the last few payments on your lease.
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