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Lease coming to end

dudmleh522 said:
They told me since my payments is $396/month if i do 6 month extend i will be paying total of $2376. And current buyout price with tax came out to $27,000. After 6 month extension i will be paying $27,000-$2376=$24,624 including tax. Keep in mind right now i have 53,000 miles so i am in bad spot to return the car since i was limited to 12,000miles/year. I recently moved last july which makes me drive 120 miles every single day...
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Sounds like a good lease extension to me and I am happy I was mistaken.
 
Mcc said:
Sounds like a good lease extension to me and I am happy I was mistaken.
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I noticed earlier reply you mentioned “hopefully my residual will decrease” i dont think it will? Only reason i will be buying it for 25k out the door in 6 month vs 27k out the door right now is because i made 6 month worth of payments?? Correct me if i am wrong. More i think about more confusing it gets. Lol
 
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dudmleh522 said:
I noticed earlier reply you mentioned “hopefully my residual will decrease” i dont think it will? Only reason i will be buying it for 25k out the door in 6 month vs 27k out the door right now is because i made 6 month worth of payments?? Correct me if i am wrong. More i think about more confusing it gets. Lol
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You are correct. I was agreeing with you.
 
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