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Discussion Starter #1
I have a 2017 Premier (diamond white tricoat with the brandy leather interior). It's absolutely spotless, has about 22,300 miles as it sits, and 5 months left on the lease. My lease buyout is $22,700. Good or bad deal?

As I understand it, GM Financial will not negotiate buyouts, although I would try.

Thanks.
 

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22700 is not bad. It's not a steal either. You probably could not sell it yourself and make anything. Its about trade in value on a used 2017. So in effect, you could buy the car wholesale. If you can get the whole $7500 tax credit your best bet might be a 2019 in 5 months. The $7500 will end March 31 so you would need to buy before that date.
Happy Shopping!
 

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Discussion Starter #3
22700 is not bad. It's not a steal either. You probably could not sell it yourself and make anything. Its about trade in value on a used 2017. So in effect, you could buy the car wholesale. If you can get the whole $7500 tax credit your best bet might be a 2019 in 5 months. The $7500 will end March 31 so you would need to buy before that date.
Happy Shopping!
Very helpful; thanks. Yup, shopping is always the most fun part!
 

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22700 is not bad. It's not a steal either. You probably could not sell it yourself and make anything. Its about trade in value on a used 2017. So in effect, you could buy the car wholesale.
I agree - I paid $2,300 more than that from a dealer for the exact same car (but mine has ACC) with similar miles 6 months ago

Don
 

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Don't look at it as good/bad. If the residual (buyout) is high, that means you've been leasing for less. If the residual was very low, that would mean that you were paying more each month for the lease.

Whether you are interested in keeping this car or not, take it to Carmax and get it appraised. If it's worth much more than 22.7, then if you want the car just buy out the lease. If you don't want the car, get the dealer to put the added value of it towards a new lease/purchase. On the other hand, if the car is worth less than 22.7, then just hand the keys to the dealer and be done with it.
 

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Discussion Starter #6
Don't look at it as good/bad. If the residual (buyout) is high, that means you've been leasing for less. If the residual was very low, that would mean that you were paying more each month for the lease.

Whether you are interested in keeping this car or not, take it to Carmax and get it appraised. If it's worth much more than 22.7, then if you want the car just buy out the lease. If you don't want the car, get the dealer to put the added value of it towards a new lease/purchase. On the other hand, if the car is worth less than 22.7, then just hand the keys to the dealer and be done with it.
Good comments. One problem is that in our great state of CT, I would have to pay a 6.35% sales tax on the buyout (one of the benefits of leasing is not having to pay that!). So the actual price would be $24,141.
 

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Good comments. One problem is that in our great state of CT, I would have to pay a 6.35% sales tax on the buyout (one of the benefits of leasing is not having to pay that!). So the actual price would be $24,141.
Same here in MD. Just factor that into the calculation.
 

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Same here in MD. Just factor that into the calculation.
I did; which essentially makes the buyout math untenable. Which means I got a good deal on the lease period!
 
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