Re: I have the same question - Saab General Bulletin Board - Saabnet.com
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Re: I have the same question
Posted by Dean C [Email] (more from Dean C) on Sun, 6 Dec 2009 16:18:23
In Reply to: Re: I have the same question, Bobby in Tampa, Sun, 6 Dec 2009 09:19:48
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Normally with the GMAC leases (at least recently) the day of lease turn in the dealer has the option to buy the car from GMAC. Once they enter all of the information, the price for the buy back (dealer price) will be displayed via their computer system.
Tell your dealer you want to buy the car back for $250 or $500 more than what they buy back is on the car (note the buy-back not the buy-out and only if you trust the dealer) and tell them you want to see the buy back on the screen as it is published. If it comes in too high you can decline.
My friend just did this a few months ago on a 2007 Impala SS leased through GMAC. The lease buy-out was around $18,000 and the buy-back ended up being $11,500. His dealer wanted $500 over that so it would have cost him $12,000 for the car. He declined. The dealer bought the car and it is still sitting on their lot with a price on the windshield of $17999. I think they started out asking over $20000 for it. Crazy.
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