[ctdeng0]

My 39 month ELR lease is up in September of 2017. The Purchase option is $38,008 which is way more than the car is worth, MSRP was $78,685. Cars.com has ELR's for as low as $26,299 and there are a dozen for less than $30K. There is another 9 months of depreciation before I have to turn it in.

Has anyone called GM Financial to see what kind of realistic buyout price they are offering ?

 

[Henry_FL]

Less miles $31K on Carvana

https://www.carvana.com/search/2000043519/2014-cadillac-elr-base-w-luxury-pkg

 

[volt11]

My 39 month ELR lease is up in September of 2017. The Purchase option is $38,008 which is way more than the car is worth, MSRP was $78,685. Cars.com has ELR's for as low as $26,299 and there are a dozen for less than $30K. There is another 9 months of depreciation before I have to turn it in.

Has anyone called GM Financial to see what kind of realistic buyout price they are offering ?

Good luck, but I have found the lease companies don't negotiate.

If you are returning it to your selling dealer, you might work something out with them if they take your lease car return. I believe the lease company, GM Financial or otherwise, will only charge the dealer the average price at auction. Then they're free to sell the car back to you. You might even get it as a certified used car, then, which carries some perks.

This might be the route I take when my '16 ELR lease is up in the summer of 2019. If I decide to keep it, of course.

 

[volt11]

Less miles $31K on Carvana

https://www.carvana.com/search/2000043519/2014-cadillac-elr-base-w-luxury-pkg

That's a cool site, thanks for the link. But interestingly, as fancy as their little tour of the car is, not a thing says the ELR plugs in and can run on electricity!