Question for the people who have leased

[TheProfessor]

I\'m trying to do some homework on leasing a car since I\'ve never done it before, and have been reading online that typically the buyback value of the car is negotiable with the dealer once the lease is up. For instance, if the buyback on a 3 after a three year lease is $15K, you can actually negotiate with your dealer to buy the car back at a better price than that. Can anyone here confirm if this actually ever happens?

[FLIPDADY]

I know Jaguar does that but Mazda doesn\'t negotiate the buy back. What you see on the lease end is what you pay.

[AfterBurner]

What Flipspeed says is correct.

I am leasing my 3 and they tell you what the buy back price is when signing the papers. My understanding is that the buyback price is only affected by the lease period and the total price of the car. Monthly payments and downpayments don\'t change it.

But it would be my advice not to buy back any car after the lease period is up as you will end up paying significantly more as opposed to financing it.

[MajesticBlueNTO]

Originally posted by AfterBurner

I am leasing my 3 and they tell you what the buy back price is when signing the papers. My understanding is that the buyback price is only affected by the lease period and the total price of the car. Monthly payments and downpayments don\'t change it.

But it would be my advice not to buy back any car after the lease period is up as you will end up paying significantly more as opposed to financing it.

purchasing KMs in advance also \"reduces\" the buyback value....you pay upfront at a lower rate rather than returning it and getting dinged at a higher rate.

[TheProfessor]

I\'m aware that the buy back amount is stated on the paperwork, however in many of the articles I read it was stated that dealers would rather sell the car to you as opposed to putting it on their lot and trying to sell it. As such, they are \"open\" to reasonable offers.

Thanks for the info.

[rbart4506]

Originally posted by PSIVIC


I\'m aware that the buy back amount is stated on the paperwork, however in many of the articles I read it was stated that dealers would rather sell the car to you as opposed to putting it on their lot and trying to sell it. As such, they are \"open\" to reasonable offers.

Thanks for the info.

My dealer told me that when the car comes back they have first crack at it if I don\'t buy it back. If they don\'t want the vehicle on their lot it automatically goes to the Toronto Auto Auction and is sold. The dealer does not own the vehicle, Mazda Lease does, so the dealer really has no reason to deal on the price. Either you buy it, or they buy it from Mazda Lease, or it\'s sold off at the auction....

Rich