Quote:
Originally Posted by Dynsol
Need Advice!
My current leased vehicle is at the end of contract. Market conditions indicate a shortage of New Vehicles available to lease at a reasonable price point.
My current dealer has indicated many leasee are purchasing the vehicles as a possible solution.
I have been to three different dealerships (GM) and over and above the payment of Florida sales taxes, each dealer wants to mark up the sale contract by approx. $600-$800 to handle the paperwork. They disguise this paperwork fee as (Administration fee) (Florida Fees) (Paperwork settlement) etc.
While I do not mind paying a small/reasonable charge to complete a minimal computer generated paperwork situation, I think the mark up of $600-$800 is exorbitant and greedy. GM Financial (current lease holder) indicate they do not have any involvement in my purchase of the vehicle and dealers can charge whatever they want.
So, open for suggestions or if someone know a GM Dealer willing negotiate the paperwork price so that I may purchase the vehicle.???? 
Thank You |
First off, should I assume you are ending a 3 year lease?? Second if so, depending on how much money you put down, the mileage on your car, and the condition of your car you must know the car prices skyrocketed since the start of your lease so now your car most likely is worth more than your buy back price. Do you know your buy back price? My wife turned in her lease car to lease a new car. The dealer purchased her rights to buy back her car and wrote it up as a trade. She received with sales tax credit on her "trade" about $4200.00 that she was able to put down on a new car. In addition, they took off $500 off the sticker price of the car. The lease car she turned in was a 2018 Subaru Forester and leased a new 2021 Subaru forester. This all happened in August of 2021. Don't let the car dealership BS you. Look up your cars value on Kelly's Blue Book and other sites on the internet Good Luck.