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Another person needing input on Volt lease buyout

2820 Views 6 Replies 7 Participants Last post by  Paul
Hi All,
My 2014 Volt lease is ending this month. I only have 23k miles (lease was for 30k). I called US Bank and they came down from $24k (plus tax) residual to $19k (incl taxes). Still more than I want to pay. I will call them back again, but I am wondering if the low mileage will impact my ability to get them down lower. Any thoughts?

Also, has anyone purchased an extended warranty? Are they worth it?
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Whether the price is good depends on what your options are. You know the car so presumably it's a good one. When you go to the used market you're getting into a crap shoot. So I'd think it would be worth a few grand to be sure of the outcome. You could also try leasing again. Seems like you got a good deal the first time.

I suspect US Bank is more worried about the cars coming off leases. You may be able to get a larger discount but they no doubt have corporate guidelines.

Extended service plans are worth it if you shop around (any dealer in the US can sell you a plan) to get a good price and you want to limit your downside risk. Pretty much like getting insurance on most things. Some people will say that "on average" you'll spend more than you'll get back. That's true but it's true of all insurance. You are paying in order to avoid being the "lucky one" with several expensive repairs.
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