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craigster59 craigster59 is online now
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Join Date: Aug 2004
Location: Gilbert, Az
Posts: 22,008
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Car Leasing Question

The Wife has a 2017 Toyota Camry LE (LE stands for "low end model). We got a great lease deal on it when they were blowing out the 2017's to make room for the new body style 2018's. Lease was $199 a month for 36 months.

The time has come to make a decision. Lease is up in August. She doesn't drive much, just over 12k miles on a 3 year old car. She's not crazy about the car and would like something newer/different.

I'm thinking another Toyota, she called the dealer to find out the residual/buyout and they are salivating at the low mileage, want her to bring it in for evaluation, etc.

The other factor is the film biz is down right now and I won't be back to work until mid August. She is still working (Gov't/ Homeland Sec) but is looking at a possible 1 month furlough in August unless Congress votes to give them a loan to cover a budget shortfall.

My question is: I've never done a lease turn in with mileage this low. Will it work as a negotiating point? Would it be better to buy it out, wait until September/October and use it as a trade in and pocket some $$$?

We are good money wise, Credit is top notch and I have an LLC I could lease through. Just wondering what the best plan of attack is before I go swim with the sharks. Thanks guys and gals!
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Old 06-25-2020, 08:02 AM
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