Any car salesmen here? - Jemsite
Off-topic / Miscellaneous Talk about miscellaneous stuff off-topic and not related to music, guitars or bands. No music, gear or anything guitar related here please.

 
LinkBack Thread Tools Display Modes
post #1 of 5 (permalink) Old 03-06-2008, 08:26 PM Thread Starter
Moderator
 
elcid's Avatar
 
Join Date: Nov 2002
Location: chicago
Posts: 9,591
Any car salesmen here?

or finance people in general?
Im leased a new truck last year and Im starting to wonder if I could try to get a loan and buy out of the lease to try to save some money. I figure I'll more than likely keep the truck after the lease is up anyway, but Im not sure if most leases allow this. I know I could talk to a bank or something, but they are closed now.
elcid is offline  
Sponsored Links
Advertisement
 
post #2 of 5 (permalink) Old 03-06-2008, 08:39 PM
 
jaxadam's Avatar
 
Join Date: Jan 2005
Location: Jacksonville, FL
Posts: 3,292
Re: Any car salesmen here?

I'm not one, but one just left my house about 5 mins. ago.
jaxadam is offline  
post #3 of 5 (permalink) Old 03-06-2008, 10:36 PM
 
Join Date: Feb 2005
Location: El Paso, TX
Posts: 2,633
Re: Any car salesmen here?

i assume what your saying is possible . If your leasing i'd say your best bet would be to talk to the dealership to see if you can buy the truck out of the lease. If so check with your bank to see what sort of loan you can get. The dealership may offer to finance the car out too though.

did you mean the dealership was closed ? if that is the case there would still be someone taking the payment on the lease . if you can't find out who then contact the car company. i dont know if the car companies handle lease programs or if they outsource to another company but either way the car company should know thier policy .
j.arledge is offline  
post #4 of 5 (permalink) Old 03-06-2008, 10:56 PM
 
Join Date: Sep 2005
Location: Chicago, IL:The Windy City
Posts: 2,798
Reviews: 10
Re: Any car salesmen here?

You need to take a look at your lease contract, in my car salesman days I saw a lot of people get screwed with leases so you need to be careful because some vehicles have a high residual value and it's not worth it buy them out. You need to do the math, namely, How much you have paid so far,
market value on the vehicle and residual value. These factors should help you make an informed decision.
OLIE_ROCKS_THE_80'S is offline  
post #5 of 5 (permalink) Old 03-06-2008, 11:05 PM Thread Starter
Moderator
 
elcid's Avatar
 
Join Date: Nov 2002
Location: chicago
Posts: 9,591
Re: Any car salesmen here?

Well, I've only had the thing for about 5 months so I think Im still in good shape with what I owe vs what it's worth. Otherwise I pay for it for 3 years, then I can buy it outright for $10K more. The main thing I want to do is drop the payment. I figure paying it over 5 years would be cheaper per month then paying over 3 years. I know in the long run it may end up costing more, but Im not too concerned about the long run right now.
elcid is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Jemsite forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address

IMPORTANT: You will be required to activate your account so please ensure that your email address is correct.

If you do not receive your activation check your spam folder before using the CONTACT US form (at the bottom right of each page).



Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome