pkulak
Well-known member
The residual on my 2-year SV/charge lease is about $18,000. At first I thought no way I'd be buying it out, but now I'm thinking it may be possible. I could have about $1000 of mile overage, and then if gas is just a tad higher in a year and a half ($4.50 or so) the true value could be about $16,000 or so. Then, after my mileage fees and the $300 turn-in fee, I'd only be overpaying a bit to get a car that I know has lived it's whole life in the PNW. And with the news that the next-gen isn't coming out until '17, I'll need to do something until then. The other option is re-leasing pretty much the same car all over again.
My question: how would I finance a car that I'm buying for more than it's worth? Would I have to add the difference onto my deposit? Putting down 4-5 grand would be a bit of a bummer. Anyway, thanks to anyone who's familiar with the stuff!
My question: how would I finance a car that I'm buying for more than it's worth? Would I have to add the difference onto my deposit? Putting down 4-5 grand would be a bit of a bummer. Anyway, thanks to anyone who's familiar with the stuff!