residual on an '02
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residual on an '02
I need some help here. my lease has 6 months to go.. '02 CLS
So being the impatient guy I am I'm getting anxious for a new ride. After countless debate I have it narrowed doen to an '04 TL, or an Infiniti FX-35.
I went to my Acura salesman and asked if they would get me out of the CL and into the TL now, and they basically laughed at me when I told them the buyout was approx $20k.
So I went to the Infiniti and within 5 minutes he told me he would buy the CL and lease me an FX, based on 500 over invoice.
when I told the Infiniti dealer that Acura would do nothing on an Avura product he told me it was due to the fact that the Acura dealer had little buying power, and that his dealership is owned by a network that owns over 100 car dealers and therfore he could buy the car at wholesale, where Acura could not.
my question is why car Infiniti buy the Cl at wholesale when the Acura dealer will do nothing for me, when I'm intrested in another Acura product that cost $50 month more?
So being the impatient guy I am I'm getting anxious for a new ride. After countless debate I have it narrowed doen to an '04 TL, or an Infiniti FX-35.
I went to my Acura salesman and asked if they would get me out of the CL and into the TL now, and they basically laughed at me when I told them the buyout was approx $20k.
So I went to the Infiniti and within 5 minutes he told me he would buy the CL and lease me an FX, based on 500 over invoice.
when I told the Infiniti dealer that Acura would do nothing on an Avura product he told me it was due to the fact that the Acura dealer had little buying power, and that his dealership is owned by a network that owns over 100 car dealers and therfore he could buy the car at wholesale, where Acura could not.
my question is why car Infiniti buy the Cl at wholesale when the Acura dealer will do nothing for me, when I'm intrested in another Acura product that cost $50 month more?
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So I went to the Infiniti and within 5 minutes he told me he would buy the CL and lease me an FX, based on 500 over invoice. <--- He might try to rip you off in the lease terms.
Its easy for him to say 500 over invoice; but maybe the residual is horrible and will make up for the loss on byuing the CL.
Ask for the numbers.
Its easy for him to say 500 over invoice; but maybe the residual is horrible and will make up for the loss on byuing the CL.
Ask for the numbers.
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Thanks Zamo.. I'm not that concerned for the lease on the FX, as I really didn't start negotiating yet, I was more blown away by him saying he could buy my car from AHF at the wholesale price, beacuse of his buying power.
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I do not think Infiniti will be able to buy the CL at any less than the buyout price (from AHFC).
In any case, If I were you I will just wait till the lease ends, because 1st. your residual is high and I do not think anyone will want to buy the car at buyout, and 2nd. you will have more chance on getting big discounts on 04 models at that point.
Also, go to Infiniti and get the number straighten up and post them here.
In any case, If I were you I will just wait till the lease ends, because 1st. your residual is high and I do not think anyone will want to buy the car at buyout, and 2nd. you will have more chance on getting big discounts on 04 models at that point.
Also, go to Infiniti and get the number straighten up and post them here.
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the Infiniti dealer told me he could get the lease wholesale because, his dealer network has huge buying power with honda because they own 20 honda dealers across the country and write lots of business with them, this why he can wholesale the lease.
#7
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how about you try another acura dealership...
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Originally posted by SanMarinoTypeS
the Infiniti dealer told me he could get the lease wholesale because, his dealer network has huge buying power with honda because they own 20 honda dealers across the country and write lots of business with them, this why he can wholesale the lease.
the Infiniti dealer told me he could get the lease wholesale because, his dealer network has huge buying power with honda because they own 20 honda dealers across the country and write lots of business with them, this why he can wholesale the lease.
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You should have gone in and told him you were keeping the CL. See what deal he gives you, then spring the buyout on him. Now you'll never know if you're getting screwed or not.
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Originally posted by SanMarinoTypeS
the Infiniti dealer told me he could get the lease wholesale because, his dealer network has huge buying power with honda because they own 20 honda dealers across the country and write lots of business with them, this why he can wholesale the lease.
the Infiniti dealer told me he could get the lease wholesale because, his dealer network has huge buying power with honda because they own 20 honda dealers across the country and write lots of business with them, this why he can wholesale the lease.
My 02 has a residual(number I can buy the car for) set at $16,400 due to expire in 1/05. My PAYOFF right now is $18,500...so I'm paying little to practically no interest with these remaining payments. Is the car going to be worth more than $16,400 in 6 months...I'd say YES...so I just made a few bucks.
Bottom line, get the numbers on that FX lease and tell that Acura dealer to shove it.
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Chap,
it was Valley Stream Acura.
Thanks all for the info everyone, I think I have decided to wait till after the Summer. and go back and bargain with the Infiniti dealers in October when the '05s come in, and I have roughly 3 months left on the lease.
it was Valley Stream Acura.
Thanks all for the info everyone, I think I have decided to wait till after the Summer. and go back and bargain with the Infiniti dealers in October when the '05s come in, and I have roughly 3 months left on the lease.
#13
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Listen, car salespeople can and will say anything you want to get your business. The bottom line is...the bottom line. If you can get close enough to the actual final deal numbers, (hard to do w/o getting locked in somehow), then and only then do you know what 'deal' you got.
You are making it easier for them by combining 2 or 3 deals in one. You need to break up this deal into separate deals if your goal is to pay the least amount.
They're gonna make what they're gonna make any way you slice it, that's already determined and set.
Good luck, do I sound bitter?, well, I've just learned from experience not to put too much faith or trust in everything they say.
You are making it easier for them by combining 2 or 3 deals in one. You need to break up this deal into separate deals if your goal is to pay the least amount.
They're gonna make what they're gonna make any way you slice it, that's already determined and set.
Good luck, do I sound bitter?, well, I've just learned from experience not to put too much faith or trust in everything they say.
#14
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Sounds like a good idea to wait on it a bit cuz your bound to get some pretty sweet deals at the close of the summer.
If Valley Stream is giving ya some BS check out Smithtown (a ways out there i know ) that’s where i got my car and they were nothing but a pleasure to deal with.
If Valley Stream is giving ya some BS check out Smithtown (a ways out there i know ) that’s where i got my car and they were nothing but a pleasure to deal with.
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