Accordaleer

iTrader: (5)

I ended up leasing the car the whole time instead of buying like intended but I got rear ended and it cost 17k to fix my car.I know that would be a big turn off to someone who ran a carfax on it. The buyout for the lease says 16k I think. It's an 07 touring AT, probably 50k by June..I'd rather try to buy it and keep it than buy a pos beater, since I left work from the hit. Just curious how much you think it would be worth in fairness, not what theyre asking.

Russ@Z1

iTrader: (65)

$17k?? Yeah, I would let go and buy another used one if you want to keep a z.

Waiz

iTrader: (57)

Dis

Cut your losses and move onto another Z or another car entirely.

Entaille

iTrader: (16)

they will not negotiate the purchase price after the lease with you - they will stay firm.

sucks, even if it would be beneficial for them, it's just how lease buyouts work.

duro78

iTrader: (6)

Buying that car would be the absolute dumbest thing you could do. Once you signed the papers originally your buyout cost was set in stone which was the probable residual value after your lease term. I know exactly what you did the lease term (payments) was alot more attractive then a purchase so you went with that.Modding a leased car is also a bad move. Dude when making such a big financial decision you should really educate yourself more because your ignorance can cost you thousands.

davidv

iTrader: (2)

What are your total lease payments to date?

Accordaleer

iTrader: (5)

Nope, thats not it at all duro. I won't get into it, but thanks for your info, I figured there wasn't any say in it. Looks like it'll be gone soon. It was 17k because of so many sides of the car involved btw.

duro78

iTrader: (6)

I know the think is if you look for a similar car 07 etc etc you'd end up paying more for that car than keeping your own car so why not keep it. The thing is once you add up the lease payments and the new loan with taxes and interest you would of ended up paying so much more for that car and essentially financed a car for 8 years considering if it was
36m lease and 60m finance.

Zivman

iTrader: (19)

you have to look at the lease like a sunk cost. He has already paid it and will have paid it regardless of what he does in the future. Right now if he is looking for a new-to-him car, and wants a Z, he needs to compare the price of his (16K) with what is available on the used market. If he likes his car, wants a Z, and it is cheaper than what is available on the market, it wouldn't be a bad idea to buy it.

I agree with the overall point you are trying to make on the lease argument, but it will never change. You can get into more car leasing than you can buying

Accordaleer

iTrader: (5)

I see your point. I really wanted to keep this car until I graduated, now I have no idea what I'm going to do now.

Exactly why I wanna shoot morons driving around texting, on the cell, etc. Wasn't the cause of the accident, but when accidents happen in perfect conditions...then adding distractions to shitty drivers just makes things worse. It's utterly amazing how oblivious to the outside world some drivers are while on their cell. Don't mind me... back hurts right now, just grumpy lol.