[Jubilee]

I've read that buyout offers tend to be lower than the contractual buyout price. Does anyone know if the buyout offer would be even lower if there is record of an accident during the lease? If say a vehicle had 3 accidents on record during the lease, wouldn't it be hard to sell later on? I'm thinking the dealer would have to provide a carfax to potential customers stating that the vehicle had previously been involved in 3 accidents...


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[AtomicPowered]

Sure. It's negotiable. If you are comfortable with your car repair go for it. Banks send the cars to auction where they are sold to car dealers. Car dealers all have the Carfax and the banks know they will take a hit on a messy Carfax. US Bank offered about $10k off the residual on our 2013. Even Ally has offered to negotiate according to some posts. GM Financial don't know yet.

 

[Bacardi]

Short, make an offer and see if it sticks...

Medium, multiple reports of both lenders sticking to their guns and not budging on price at all no matter what and lenders willing to wheel and deal...

Long, dealerships are liaisons in the leasing process, you are not "leasing" from the dealership, you're leasing from the Lender, when you turn in your vehicle to a dealership they are accepting on behalf of Lender...A popular question is "why won't the lender haggle? They could put this on the lot and make way more than auction" Answer is because the lender owns the vehicle, not the dealership, often they have insurance policies against losses...

Lastly I'll share, accidents are pretty good money makers for auto industry...They underpay on trade ins ("we would give you $20K but the accident brings it down to $15K") then they'll put it on the lot for retail minus $500...lol...If you buy this vehicle plan on driving it into the ground, will be difficult to sell...