Author Topic: Buyout after lease maturity?  (Read 1094 times)

Offline shtickel

  • Dansdeals Silver Elite
  • **
  • Join Date: Apr 2011
  • Posts: 62
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Buyout after lease maturity?
« on: December 15, 2011, 05:13:28 PM »
Thoughts on buying out a car after the lease term matures? When does it make sense financially?

Offline LAXtraveler

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Sep 2010
  • Posts: 1070
  • Total likes: 2
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: LAX
  • Programs: AAdvantage, DL Skymiles, SPG Gold, Hyatt Platinum, Avis Preferred, National Executive, Hertz #1 Club Gold
Re: Buyout after lease maturity?
« Reply #1 on: December 15, 2011, 05:15:30 PM »
When you can make money off of it by reselling it yourself... or perhaps if you really wanted to keep the car and the residual buy-out is much cheaper than the current blue book value.

Offline joeb1

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2011
  • Posts: 3025
  • Total likes: 40
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Brooklyn
  • Programs: SPG Platinum, Hyatt Diamond, Hilton Diamond, CPA, Travel Agent
Re: Buyout after lease maturity?
« Reply #2 on: December 15, 2011, 07:53:25 PM »
Usually not worth it

Offline LAXtraveler

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Sep 2010
  • Posts: 1070
  • Total likes: 2
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: LAX
  • Programs: AAdvantage, DL Skymiles, SPG Gold, Hyatt Platinum, Avis Preferred, National Executive, Hertz #1 Club Gold
Re: Buyout after lease maturity?
« Reply #3 on: December 15, 2011, 07:58:04 PM »
Usually not worth it

Not necessarily true at all. Do your homework on it before saying that. I personally did it this year and made a hefty sum. I know 2 others who recently did the same.

Offline Saver2000

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2011
  • Posts: 7678
  • Total likes: 47
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Buyout after lease maturity?
« Reply #4 on: December 15, 2011, 09:06:44 PM »