BBsAcuraRacing

on my 2001 cl-s w/nav, the buyout is 16800 which is more than blue book.

Is there any correlation here??

Will AHFC negotiate instead of paying for inspection, transportation and possible loss in capital loss through the auction???

3.2cl-s

i was wondering the same thing, and got different answers last time i asked, i guess you could just call AHFC.

when is your lease up, if its this summer then they might, considering they only might be able to sell it for that much.
My 01 w/o navi is 15,300 up in february 05'

chef chris

American Honda is not known for negotiating at lease end. BUT, I've never heard it to be a POLICY from the dealerships I've spoken to.

I'm sure it has something to do with supplying their dealerships with clean used cars...That car will sell for $20K certified, so that means the local dealer will make a few bucks off it, so why give it away to you, etc.

BBsAcuraRacing

Has noone ever asked this before??

gto2050

More than likely, at the end of the lease, the leasing company will ask if you will buy it at a better deal only if you have refused up until then. When I turned mine in, they asked if I would consider buying at a lower cost. I never asked what that would be.

chef chris

But was that American Honda or a leasing company. Big difference.

gto2050

It was GE Capital and you're right but I think with the glut of cars coming off lease that it will be somewhat negotiable.

zamo

AHFC will not negotiate the residual price of the car.

At the lease termination period there are 3 options:

1. Return the car and let AHFC take care of it.
2. Get someone (or your dealer) buy it from you - where you might get higher price than the residual (counted as a profit).
3. Finance or payoff the buyout price and keep the car.

gto2050

You can always ask.

chef chris

Difference is, a leasing company really has no desire to be a car broker, so they have to do whatever it takes to move the car. They want you to buy it so they don't have to process it(storage, any repairs, etc).

AH already has that system in place via their dealer network, so captive leasing is a whole diff ballgame.

Plus, from what I've heard, AM is a bast@rd when it comes to lease turn-ins(mileage, wear & tear, dings). They are overly picky about the condition of the vehicle. Things like brakes & tires are often replaced at the owners expense(at dealership prices )...But since they cover everything in the contract, the consumer has no leg to stand on. They also tend to wait a month after you turn it in to bill you...so, by then you are unprepaired to fight them.

My 02 is up in 2/05, but I've got it on consignment right now so I don't have to deal with Honda.

3.2cl-s

what does that mean.....as my lease is up in 2/05 also, and i am feeling screwed right now.

DrDre1443

some of you guys are correct. I worked for dealerships for 2+ years and negotiating the lease buy out is always an option. you just have to ask nicely several times. hell, even call numerous times, bug them until the accept. Remember, the leasing company (AHFC) is the OWNER, they dont care for dealerships or the NEW car side of Honda Motor Co. when you turn that car in it HAS to go to a "dealer" auction, of which the base price is "average" black book, depending on condition and mileage. at this value, they consider the leased car a "break even" although if they sell at this price, its a huge loss. basically they have to pay their auction guys to put gas, inspect the car, retitle it, and recondition the car a little to sell it to hungry dealers looking for good used cars. When you repeatedly show interest to buy the car ...WHEW....you take the load off of AHFC....give it a try...call once a month until you feel like a good price is reached.

DrDre1443

and by the way, dont feel "screwed" b/c you can always give up the car or buy it for what YOU agreed to at the dealership......if you got screwed, it was then...not now

NOLACLS

Mine is coming up in about 5 months and I want to buy it....so who should I call about the price...AHF or the acura dealer I got it from?? I will call and ask to see what they say

CLS16

Guys, I just called AHF since my lease is up in a couple of months, and I asked them if the buyout price is negotiable, and the rep said "No". When I called the dealer about negotiating on the buyout price he said to call AHF. So I don't think the buyout price is negotiable.

gto2050

They wil always say no on the first attempt. Tell them you want to buy it but not for that amount.

silverstarr

I also recently contacted AHFC about purchasing my CL-S for less than the residual value.

I was told the price is not negotiable. I will try again in a few days and see if anything is different.

I'm trying to get my dad to buy it, so that I can get something new.

chef chris

You're always better to try & buy it before lease end...sell it outright etc, that way you save a couple bucks in interest.



It's on a dealer lot for sale, but they will get a flat fee only($500). So, for me, it's better than a trade & they already have the financing connection, so it's all-around an easier way to sell the car.

CLS16

Well I just called my sales rep at Bridgewater Acura, and he told me that they would get me out of my last 2 months and put me in a 2004 TL 15K miles/yr for about $440 a month.
You think I should do it?

chef chris

No one's asking if you can buyout ANY lease...we are speaking about American Honda. GMAC/Ford, etc buy out & negotiates all day long, but that's not the same ballgame as Honda.

And while AHFC is the true owner, the dealer purchases the car from them(I'm sure THEY get a discount). So, why would they auction a 'clean' off-lease car when they're just going to lose money? Not to mention, the dealership already attracts potential buyers because it is the same brand...Honda handles things differently, as I'm sure other premium brands like Toyota do as well.

BBsAcuraRacing

As Dr.Evil would say.....mmmmmmmmmmmmm rrright!!!!



How many times have you tried to get into a woman's pants and she said no.

The more you pursue it the better.

3.2cl-s

that sounds like a good deal!!!!I would do it, where do you live?

CLS16

I live in NJ. Now I'm in a little situation - the Infiniti dealer by me just gave me a quote of $480 a month 15K miles/yr for a G35c with everything except NAV. They'll also pay-off my last 2 months.
What to do??

3.2cl-s

aren't they around the same price? i would tell the infinity dealer that if they can match acura's price, you'll do it.

o, and how much down is that?

CLS16

Actually, the MSRP for the coupe is about $4K more than the TL. This is with $0 down. Just inception fees. I'm going to try to lower him down a bit, maybe $460 - if he goes for that, then I'll take the G35c and give up my CL-S.

3.2cl-s

i could of swore i saw G35coupes for $34k with nav, but i could be wrong.....isn't the TL around 34k?

CLS16

The G35c with Nav is $38K, at least the one I saw. I can get the TL with out Nav for a little over $31K.