lease end

Has anyone ever offered a lower purchase price at the end of your lease? How
do you go about that? The business manager where we leased our suv, is no
longer available and as a matter of fact the Ford dealership is no longer
there. Please help!!!

"star_fish" <u33141@uwe> wrote in message news:705a05d06834e@uwe...
> Has anyone ever offered a lower purchase price at the end of your lease?
> How
> do you go about that? The business manager where we leased our suv, is no
> longer available and as a matter of fact the Ford dealership is no longer
> there. Please help!!!
>

I've asked this question here also, the consensus was no, you can't do it.

* groups.google . com /group/rec.autos.makers.ford.explorer/browse_thread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&rnum=3&hl=en#

Thanks for the reply. The reason for my question is because when we took on
the lease the Buisness Manager told us to talk to her at the end of the lease
and she would help us. She said that we could offfer several thousand less
than the lease end purchase price. But as I stated, I can not seem to find
her since the dealership recently closed shop.

Jim Tiberio wrote:
>> Has anyone ever offered a lower purchase price at the end of your lease?
>> How
>> do you go about that? The business manager where we leased our suv, is no
>> longer available and as a matter of fact the Ford dealership is no longer
>> there. Please help!!!
>
>I've asked this question here also, the consensus was no, you can't do it.
>
> * groups.google . com /group/rec.autos.makers.ford.explorer/browse_thread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&rnum=3&hl=en#

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"star_fish via CarKB . com " <u33141@uwe> wrote in message
news:7060532e4ca34@uwe...
> Thanks for the reply. The reason for my question is because when we took
> on
> the lease the Buisness Manager told us to talk to her at the end of the
> lease
> and she would help us. She said that we could offfer several thousand
> less
> than the lease end purchase price. But as I stated, I can not seem to find
> her since the dealership recently closed shop.

Anything to make the sale. Was it in CT? Ours was recently shut down also.

> Jim Tiberio wrote:
>>> Has anyone ever offered a lower purchase price at the end of your lease?
>>> How
>>> do you go about that? The business manager where we leased our suv, is
>>> no
>>> longer available and as a matter of fact the Ford dealership is no
>>> longer
>>> there. Please help!!!
>>
>>I've asked this question here also, the consensus was no, you can't do it.
>>
>> * groups.google . com /group/rec.autos.makers.ford.explorer/browse_thread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&rnum=3&hl=en#
>
> --
> Message posted via CarKB . com
> * w w w .carkb . com /Uwe/Forums.aspx/ford-explorer/200704/1
>

No actually we are in PA. But it seems as tho ford dealerships are closing
everywhere.

Jim Tiberio wrote:
>> Thanks for the reply. The reason for my question is because when we took
>> on
>[quoted text clipped - 4 lines]
>> than the lease end purchase price. But as I stated, I can not seem to find
>> her since the dealership recently closed shop.
>
>Anything to make the sale. Was it in CT? Ours was recently shut down also.
>
>>>> Has anyone ever offered a lower purchase price at the end of your lease?
>>>> How
>[quoted text clipped - 7 lines]
>>>
>>> * groups.google . com /group/rec.autos.makers.ford.explorer/browse_thread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&rnum=3&hl=en#

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If the dealership has closed down, who will you talk to when the lease
is up, whether you want to turn in the vehicle or purchase it? And
whoever you deal with, you can always indicate that you would be
interested in buying it AT THE RIGHT PRICE. All they can say is yes or
no and you have nothing to lose and maybe something to gain. This kind
of negotiation definitely takes place when leases are up.

Ken

star_fish via CarKB . com wrote:
> Thanks for the reply. The reason for my question is because when we took on
> the lease the Buisness Manager told us to talk to her at the end of the lease
> and she would help us. She said that we could offfer several thousand less
> than the lease end purchase price. But as I stated, I can not seem to find
> her since the dealership recently closed shop.
>
> Jim Tiberio wrote:
>
>>>Has anyone ever offered a lower purchase price at the end of your lease?
>>>How
>>>do you go about that? The business manager where we leased our suv, is no
>>>longer available and as a matter of fact the Ford dealership is no longer
>>>there. Please help!!!
>>
>>I've asked this question here also, the consensus was no, you can't do it.
>>
>> * groups.google . com /group/rec.autos.makers.ford.explorer/browse_thread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&rnum=3&hl=en#
>
>

Be careful! When I bought my 2002 Mountaineer at the end of the lease
they actually tried to charge me a lot MORE than the lease contract
residual amount. I had bought out a lease on another car before, a
Misutbishi and I expected the process to be similar. For the Mitsubishi,
I called Mitsubishi Motor Credit to confirm the amount (which was the
same as the residual in the lease), sent them a check for the agreed upon
amount in the lease, plus tax, and they sent me the pink slip. Simple,
clean, that's all there was too it. When I went to buy the Ford out, it
was a whole other deal and basically a scam. Ford Motor Credit requires
that you go to the dealer to do the buy out (I don't know what happens
when the selling dealer is no longer there, but my guess is they will
send you to another dealer). I asked several times why I couldn't just
send them a check and they insisted I had to go to the dealer. When I did
this, it became obvious that the reason for this requirement is so the
dealer can try to lease you a new car (they have no desire to sell you
the old car), or barring that, to make some money off the deal.

So when I got to the dealer, the "credit" manager had me filling out what
seemed like an awlful lot of paper work. After a while I started asking
questions, especially when he asked for a check that was more than the
residual amount in the lease, even accounting for sales tax. It seems
that the transaction was arranged as me turning the car in after the
lease, the dealer buying from Ford Motor Credit and then reselling it to
me! All totally unnecessary. All this work increased the DMV fees
considerably and the paper work that needed to be filled out. Then on top
of that, the dealer added a $1000 premium to the lease contract residual
amount! If you read the lease, that's the amount I'm guaranteed to be
able to buy it at, at the end of the lease. When I told the dealer to
stuff it, they protested that they were doing all of this work (paper
work, DMV filing service etc.), and shouldn't have to do it for free. Now
mind you, the general manager of this dealer is a friend of mine (that's
why I got the car there in the first place). He came into the office with
the so-called credit manager (the credit managers are salesmen in
disguise and are responsible for most of a dealer's profit margin). They
knocked the premium for all of their "work" down to a few hundred bucks,
plus the extra DMV fees. At this point I was so disgusted with the
process and because I didn't want to tell my "friend" to f*ck off to his
face, I paid the lowered ransom amount.

Of course it didn't stop there. The credit manager then tried to sell me
a third party warranty. I took the information and told him I would let
him know. Of course when I read the policy carefully and also researched
on the web on how these guys opperate, I declined. I also declined the
Lojack and a few other do-dads they tried to sell me.

I thouhgt about contacting one of those class action lawyers about this
obvious fradulent practice of Ford Motor Credit forcing you to the dealer
so they can charge you more than the agreed amount. Maybe I still should,
although it happend a couple of years ago. I'm sure it's still going on.
So word to the wise: watch your wallet when you're buying out a Ford
Motor Credit lease. Let them and the dealer know in advance in writing,
that you will not be paying a penny more than the residual amount in the
lease.

"Kenneth J. Harris" <kharris@suffolk.lib.ny.us> wrote in
news:%m7Sh.2$dC7.0@newsfe12.lga:

> If the dealership has closed down, who will you talk to when the lease
> is up, whether you want to turn in the vehicle or purchase it? And
> whoever you deal with, you can always indicate that you would be
> interested in buying it AT THE RIGHT PRICE. All they can say is yes
> or no and you have nothing to lose and maybe something to gain. This
> kind of negotiation definitely takes place when leases are up.
>
> Ken
>
> star_fish via CarKB . com wrote:
>> Thanks for the reply. The reason for my question is because when we
>> took on the lease the Buisness Manager told us to talk to her at the
>> end of the lease and she would help us. She said that we could
>> offfer several thousand less than the lease end purchase price. But
>> as I stated, I can not seem to find her since the dealership recently
>> closed shop.
>>
>> Jim Tiberio wrote:
>>
>>>>Has anyone ever offered a lower purchase price at the end of your
>>>>lease? How
>>>>do you go about that? The business manager where we leased our suv,
>>>>is no longer available and as a matter of fact the Ford dealership
>>>>is no longer there. Please help!!!
>>>
>>>I've asked this question here also, the consensus was no, you can't
>>>do it.
>>>
>>> * groups.google . com /group/rec.autos.makers.ford.explorer/browse_t
>>>hread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&r
>>>num=3&hl=en#
>>
>>
>

Thanks for that info...sounds like I better buckle up and hang on for the
ride.

akheel wrote:
>Be careful! When I bought my 2002 Mountaineer at the end of the lease
>they actually tried to charge me a lot MORE than the lease contract
>residual amount. I had bought out a lease on another car before, a
>Misutbishi and I expected the process to be similar. For the Mitsubishi,
>I called Mitsubishi Motor Credit to confirm the amount (which was the
>same as the residual in the lease), sent them a check for the agreed upon
>amount in the lease, plus tax, and they sent me the pink slip. Simple,
>clean, that's all there was too it. When I went to buy the Ford out, it
>was a whole other deal and basically a scam. Ford Motor Credit requires
>that you go to the dealer to do the buy out (I don't know what happens
>when the selling dealer is no longer there, but my guess is they will
>send you to another dealer). I asked several times why I couldn't just
>send them a check and they insisted I had to go to the dealer. When I did
>this, it became obvious that the reason for this requirement is so the
>dealer can try to lease you a new car (they have no desire to sell you
>the old car), or barring that, to make some money off the deal.
>
>So when I got to the dealer, the "credit" manager had me filling out what
>seemed like an awlful lot of paper work. After a while I started asking
>questions, especially when he asked for a check that was more than the
>residual amount in the lease, even accounting for sales tax. It seems
>that the transaction was arranged as me turning the car in after the
>lease, the dealer buying from Ford Motor Credit and then reselling it to
>me! All totally unnecessary. All this work increased the DMV fees
>considerably and the paper work that needed to be filled out. Then on top
>of that, the dealer added a $1000 premium to the lease contract residual
>amount! If you read the lease, that's the amount I'm guaranteed to be
>able to buy it at, at the end of the lease. When I told the dealer to
>stuff it, they protested that they were doing all of this work (paper
>work, DMV filing service etc.), and shouldn't have to do it for free. Now
>mind you, the general manager of this dealer is a friend of mine (that's
>why I got the car there in the first place). He came into the office with
>the so-called credit manager (the credit managers are salesmen in
>disguise and are responsible for most of a dealer's profit margin). They
>knocked the premium for all of their "work" down to a few hundred bucks,
>plus the extra DMV fees. At this point I was so disgusted with the
>process and because I didn't want to tell my "friend" to f*ck off to his
>face, I paid the lowered ransom amount.
>
>Of course it didn't stop there. The credit manager then tried to sell me
>a third party warranty. I took the information and told him I would let
>him know. Of course when I read the policy carefully and also researched
>on the web on how these guys opperate, I declined. I also declined the
>Lojack and a few other do-dads they tried to sell me.
>
>I thouhgt about contacting one of those class action lawyers about this
>obvious fradulent practice of Ford Motor Credit forcing you to the dealer
>so they can charge you more than the agreed amount. Maybe I still should,
>although it happend a couple of years ago. I'm sure it's still going on.
>So word to the wise: watch your wallet when you're buying out a Ford
>Motor Credit lease. Let them and the dealer know in advance in writing,
>that you will not be paying a penny more than the residual amount in the
>lease.
>
>> If the dealership has closed down, who will you talk to when the lease
>> is up, whether you want to turn in the vehicle or purchase it? And
>[quoted text clipped - 24 lines]
>>>>hread/thread/4f08accad6948b28/cde195370b63a429?lnk=gst&q=jim+tiberio&r
>>>>num=3&hl=en#

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