Sometimes after we lease a new vehicle, we want to purchase it. Either we got comfortable with it, and don’t want to let it go. Or it is a good price, and we are happy with how it runs, and the features it has in it. Regardless of the reason, purchasing after a lease is possible, so if you’re thinking about considering it, see how the process is done!
The first step you’re going to want to take is to call up the phone number that is listed on your monthly payment (bill). After you call, you will most likely get an automated voice message system giving you certain options to choose from. If they say anything like “lease ending options” be sure to go with this option. Once someone picks up the phone you want to tell them your plans. Let them know you’re interested in purchasing your leased car.
NOTE: It is a good idea to call ahead of time before the lease ends. (Don’t wait until the last minute.)
Now, they will most likely give you a price on the car, but if you’re unhappy with the number, ask to talk with someone else, or to make arrangements to meet about this. They will usually negotiate, so try as much as you can.
Although once you give up the car, you have the chances that either the dealer will put it up for sale at the dealership, or it will go to an auction. You will find this out through the salesman, or the person you’re talking with on the phone. Regardless, you will know where it’s at, and how to get ah old of it. So, whatever happens be in the right place, and try to negotiate the price once it’s up for sale. Although, if it is up for auction, and there are bids on it, be aggressive to get the car!
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