Lease ending ... help negotiating remainder/residual on contract in buying her.

[allisondbl]

To the OP: how did this turn out? I don't typically lease vehicles because I rack up miles too quickly, but I'm still curious.

Believe it or not hasn't "turned out" yet. I need to buy a used Hyundai Genesis Ultimate 2015 or 2016. Hyundai Finance is ONLY willing to sell my car to me for residual value, nothing less. And BTW to the poster who asked why my residual was more than theirs, it's because I negotiated a lower price at the lease time.

At that time I did NOT think I'd want to buy the car/the same car from someone else, I want the TECH in the car and I believed that all the Ultimate-level tech would be available in a less expensive NEW car by this time, e.g. a Taurus. But it's not. I need ALL the spendy tech, including our level of Cruise Control, and HUD, an automatic trunk and of course the lane-keep tech, the blind-side, backup etc. And the really good stuff just isn't in lower SEDANS. I am too short (or too wide) to get into SUVs or Crossovers happily!

And truth is I'd prefer NOT to buy out MY car as I'm a hard-driving woman and it is not in the best of condition.

Alley

 

[kbur6]

a buddy of mine was able to negotiate a lease buyout on his camry a year or so ago. he basically offered toyota leasing the book value of the car which was almost 2k lower than the pre-determined lease end value. it took them a day or two, but they did accept his bid. might of actually saved the leasing company some money in the long run.

Hyundai is totally different, they dig in their heels and refuse to negotiate