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Turning in leased car. Question.

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Old Apr 18, 2006 | 10:15 AM
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Default Turning in leased car. Question.

I'm turning in my Mitsu Eclipse and I've got a couple questions. My Eclipse has some body damage estimated at around $2000 by a shop. I'd like to get it repaired but I just don't have the time. It's due back in 2 days. Now, I've only got 2 options. I can turn it in and hope they don't charge me too much for the repairs or I can buy it for $8500, do the repairs at a cheap body shop and sell it. What would you guys do?
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Old Apr 18, 2006 | 10:25 AM
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Don't deal with the dealers. They'll do their best to make money, not to accommodate you.

Buy it, fix it, and sell it to a private buyer. It's more hassle but you'll come up better in the end.

What's the BB value? If it's $10,500 or more, just fix it yourself.
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Old Apr 18, 2006 | 10:33 AM
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Edmunds quoted me $8800 on private party sale even with my low miles.
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Old Apr 18, 2006 | 10:37 AM
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Originally Posted by Vegassc400
Edmunds quoted me $8800 on private party sale even with my low miles.
Yikes. You're at a loss.

Might as well go to the dealer and see what they offer...
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Old Apr 18, 2006 | 11:30 AM
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yup... selling it back to the deal might be the best way. You might be upside down because of the damage, but then again... when AREN'T you upside down with a dealer?
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