dsorx

I am currenly leasing an '04 Honda Odyssey EX and have 11 payments remaining. I got a call from the dealer and they want to buy the vehicle and get me in an '07. I owe about $3,000 in payments and the end of lease purchase price is $15,738. So the dealer is laying out about $18,700. The retail for this '04 (with 8,000 miles) is about $25,000. So the dealer stands to make approx. $6,000 on my vehicle.

So I now want to purchase (not lease) an '07 Honda Odyssey EXL-RES which invoices for $29,000, $32,000 sticker (holdback not included). Is it reasonable to ask for some of that $6,000 profit back to make it worth my while?

I think they should sell me the vehicle for no more than $24,000 and at that they are still profiting about $1,000. Is there a better way to go about this?

Please tell me where my thinking is flawed here. Thanks.

Apostle

First off, too early in the morning for me to be doing math...

So with that said.. finish your 11 payments, turn the car in and start fresh.

Leasing a vehicle is never a good idea unless your company is doing it for you.

The vehicle itself is not yours, nor do you have any value in it. So if they wish to buy back, they are only helping with your 11 payments, basically cancelling your contract.

You would be buying the new vehicle with no money down.

Can you ask for something from them? sure, never hurts to try

rglbegl

SELL THE 04 YOURSELF!!!!!! There is no rule saying you cant sell the 04 yourself.If you can get a bunch for it, sell it outright, and walk in to the dealership with money in hand. Sounds like you know what is up, They know it is worth $$, and they want it. If you give them 3 angles to screw you (04, new car and financing) they will take advantage of that. Matter of fact, make your deal on the new car while letting them think they are getting your 04. They will drop their drawers trying to get that 04 they can make $6000 on. Then sell the 04 and walk in with cash in hand. They will still honor the deal, but watch them backstep!

Beagle