ISFLexy

So my lease is up this December 25, 2016 and have decided to keep it for sure, i love it too much to give up for anything else! Question is, am i able to terminate it a month or two before? My buy out is just over $13gs, and have been paying $699 a month, so wondering if i can end it say 2 months earlier and to just add $699x2 on top of the buy out price. Hope someone on here has some experience with this, and another thing, is the buy out price negotiable?
I want to do my homework before i go in there.

Thanks!

F_Throttle

You can buy out anytime. Add the current buyout with the (2) remaining payments, less interest. How is your buyout so low? Sounds like a really bad lease.

ISFLexy

Keep in mind these prices listed are in CDN $, so divide it by like 1.35 to get USD.

F_Throttle

That doesn't help my understanding.. If you leased this new at $700/month for a 70K car + whatever taxes and interest... minus $13k that's like over 85 months of payments which is much longer than the leases here in the US.

ISFLexy

I took over the lease, and contract was for 29months. I had to put down $10gs, and take over with $699 a month until lease is up, and then have a $13gs buy out at the end. Hope this clears things up a bit and makes more sense...

F_Throttle

Odd, people usually pay the person taking over the lease here. You have no choice but to buy the car outright now.. you're heavily into it.

jspecvtec

iTrader: (4)

10k + 700 x 29 + 13k = ~43k not bad

poorbong

iTrader: (9)

Thats hella deal...what year is the car? Ill buy it if you dont.

ISFLexy

Yea i thought it was pretty good too, its 2010, got it with 69kms (43k miles) and its now sitting at 83kms (52k miles). Never seen winter either, so mint condition in/out.

2URGSE

Nice young ISF, glad to hear you decided to stay.

Happy motoring!

poorbong

iTrader: (9)

I take it back...2010? I didnt know they lease used car. Nonetheless, if you like it, keep it. 😅

Ay-nako

iTrader: (25)

that is a fantastic deal. not sure if the other member realizes how much these F's are going for?

bnizzle87

Great deal and glad you stuck with it. It's a fine car that is still in pretty good condition. Enjoy it even more that you own it now!