I would just try to sell it on the market for what you owe on it, and then pay off the lease.

 

I bought my current truck, but before that I leased one every other March. If I were looking for another lease I would certainly assume this one in a second, it is a no brainer. It's not a super deal, but a good one. The dealer/salesman got the super deal in commission.

The tough part is finding someone you can trust with that much responsibility. I don't know how it works if they go over the miles or return it in poor condition.

A buyout on any lease is not only fair, but a good deal in deed as long as the truck was well cared for. It's wholesale cost, a little more than it will bring at an auto autcion. The dealer has no say in it, as it is set by the lease itself. A buyer can purchase it directly from the dealer at the buyout amount plus the fee. I suppose sales tax would be added onto that also.

I would be interested in what the SCRA says.

 

hmmm...#1....you're an *******.

Now that I got that out of the way...

1. I did not sign for an 11% loan. Read the post again. That is what they offered me if I want to buy it and end the lease. I can't afford to buy it(hence the reason I leased it to begin with).

2. The two cars had a trade-in value of $8375 and $1220 for a total trade-in value of $9595. The private party value was $10155 and $2440 for a total $12595. They paid me $400 over private party. Since they paid me retail for my cars, I paid them retail for theirs.

What I'm mad about is they are trying to make money off me twice, on basically the same deal. I got military orders overseas...you know....serving our country...and this is how they treat me? It's not like I want to break the lease and get rid of the truck. I want to keep it, and if I didn't have orders, I would.

I'll be an E-6 in four months. Thanks for your assumption though, ****head. What is your position??? Official internet financial advisor?

I bet a majority of your 5000 posts are as worthless as the one you so kindly contributed to my thread.

 

That's the buy out up for consideration. Read the thread.

The cars were valued at 10k he was told he was getting 13, but got less than 10k. Read the thread.

33k in the invoice on this truck. It's possible to buy a truck at invoice, but that's not normal, not even common.

He went to the experts, the only place you can go to buy a Ford truck. See dealer for details, not buyer bewarned to take a finance class first to double check details for intended excessive errors.

The truck is on the lot offered to anyone for the price on the sticker. He agreed to purchase it. The sales manager marked the price up almost 2k above sticker without making that know to the buyer, and without adding anything of similar value. Gives me a taste of sealing in my mouth.

The buyout is a set price determined by the lease values, there is no negotiating by the dealer. You can attempt to negotiate it down if you want.

A wise choice if you are told what you are actually getting, plus the dealer has the advantage in that you don't pay sales tax on the trade in dollars.

Yes, but to get anything out of the course you have to read the material.