Can you negotiate a lease buyout?

[mikec]

The lease on my 01 Acura CL TypeS with Navi is about to expire. This is my first leased vehicle so I don't have experience. I may want to buy the car at the end, but I think the residual of $17,500 is too high.

Can I make them an offer and will they deal? Or, is it by the book; pay the written price or walk away?

The lease is with American Honda Finance Co.

It has been a great car, the automatic transmission has been recalled and an oil spray jet installed, it has 41,000 miles on it, and it gives 29MPG around town.. not bad for 260HP. Anyone out there in the business know what I should offer for it?

Or, I may end up leasing or buying a new TL, or even looking at other brands.

Thanks for your opinions.

MikeC

 

[brahtw8]

You should be able to negotiate at your lease termination. Whether the numbers work out is another matter.

 

[RPM217]

The lease on my 01 Acura CL TypeS with Navi is about to expire. This is my first leased vehicle so I don't have experience. I may want to buy the car at the end, but I think the residual of $17,500 is too high.

Can I make them an offer and will they deal? Or, is it by the book; pay the written price or walk away?

The lease is with American Honda Finance Co.

It has been a great car, the automatic transmission has been recalled and an oil spray jet installed, it has 41,000 miles on it, and it gives 29MPG around town.. not bad for 260HP. Anyone out there in the business know what I should offer for it?

Or, I may end up leasing or buying a new TL, or even looking at other brands.

Thanks for your opinions.

MikeC

Mike, contact Mike at Bridgewater Acura, shouldn't be too far from you, he might be able to help you, at least he can give you some very specific advice, and might be able to do more. :biggrin: