If your smart; you should call the financial institution that you are leasing from and extend your lease. This chip shortage has changed the buying process in favor of the dealerships and to get a deal doesn't exist anymore.
Call them and extend it. The most you can do is a year. I would lock that in so that hopefully by the 2nd quarter the pricing has come back in line and you can then end your lease. There is not cost to do this and your payment stays the same along with extending your mileage charge. No fee.
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
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