Help me get the best deal when I (maybe?) buy-out my leased vehicle!
October 17, 2013 12:26 PM Subscribe
I am 35 months into a 39 month lease with a 2011 Nissan Maxima. This is the first vehicle I have ever leased/owned on my own so would like any hints/tips that will help me in the next few months as I prepare to either buy out my lease, or go in another direction.
posted by OuttaHere to travel & transportation (5 answers total) 1 user marked this as a favorite
- I am significantly under the mileage limit. The lease allowed for 1,000 miles per month, and in about 35 months I have 26,000 miles on the vehicle.
- I would like to reduce my monthly payment, but this is not essential. What are my options, down-grade? Buy and re-finance? I work for a Federal Agency that has a Credit Union that does these sort of things. I'm assuming part of the research I will be doing over the next couple months may involve them, or maybe my bank as well.
- The vehicle is in good condition. The interior has no damage, the outside has a couple mostly-minor scratches. I don't think it will be a major issue, but as I am new to this process I don't fully know what to expect. I'm expecting them to try and get whatever they can out of me, as per usual from car dealerships.
If there are additional details that would be helpful I can provide them as well.