Are end of lease terms set in stone?

If my purchase at the end of my lease is 12K will I be offered a "special deal" at the end due to soft used car market?

If not I should just buy it out now......I am sure my interest rate is higher than what I can get these days. Also rates will be higher in 10 months from now when my lease ends.

 

do not lease if you intend to buy it at the end of the lease. YOu might as well buy it now.

 

Already 2+ years into the lease. Leased it when I was poor and in Grad School.

 

It has been a couple of years but when I turned in a leased vehicle I was offered the residual value as the purchase price (just like it states in the lease). I laughed at the guy as I could turn around and buy the same vehicle 1 year newer and with fewer miles for cheaper. The point being that if you intend the buy a vehicle dont lease it first.

 

I don't think I am going to get shafted if buy the car at end of the lease.

My payments have been $300.14 for a 36 month lease with $2000 down.
Purchase price at the end is set @ $13000.

$25805 total ownership.

Not a bad deal considering interest and taxes on the lease.

Just wondering if the end price will be negotiated at the end or if it will be take it or leave it.

 

you may try to bargin the purchase price if you want to buy out your lease car.
the dealer should also offer a good finance rate for you since you finish the lease and your credit should be in good standing.

however....if the dealer think they can sell your car at a better price....they may not offer anything to you.

 

when you signed your lease there is a residual value that you agreed to (that value is on your contract.)

not sure if you can buy now, but i waited till my lease matured and then took out a loan and just paid the residual value, which was 14k. the dealer can not go above and beyond the residual value because it's in your contract that you will finance that amount at the end of your term should you choose to purches it. the really don't want to sell it to because the can sell it for allot more than you owe and make more $$$.

i just went through this last week when i bought my r and it was being leased...

 

I am not sure if that is how it works, at least entirely.

Honda Finance owns the car. I could turn the car into any dealer at lease end. Therefore, it would not be up to the dealer to determine my purchase price @ lease end.

I would think there would be three options.

1.) I buy the car for the agreed price in the lease.
2.) The dealer I turn it into has an option to buy the car for a lower price should I refuse to buy it.
3.) Honda finance takes it to a dealer auction should we both refuse to purchase.

My thought is that Honda Finance is to large and out of touch with a niche car like the Type R and they might offer an incentive at lease end that will be in line with Integras on the whole. I would guess they probably used the GSR as a basis in determining the residual of the lease, as there are not a lot of data points for the Type R out there.

That is also evident in lower than market residuals mine 13k yours 14K.

 

if your looking to just turn it in you should call honda finance and they will tell you were to take it for inspection.

if your going to pay in full like i did then send full payment to honda finance

if you want to buy the car and refinance go to the dealer and work out a payment.
i'm not exactly sure how all this works either, i'm just going by what i've found out last week from having to buy mine...