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what happens to lease cars when the time is up?

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Old 30 July 2004, 05:24 PM
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mj
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Default what happens to lease cars when the time is up?

A bloke we do work for is coming up to finishing his lease and giving the car back, where will it end up? can I approach the leasing company to buy it direct if the price is right? reason I'm half interested is I know the car has been well looked after and not had the **** ragged off it.

any ideas??


Old 30 July 2004, 05:52 PM
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gsm1
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Some lease companies allow the keeper the chance to buy the car but the prices they quote are normally too high. Next step is normally to send the car to auction but more and more cars get snapped up direct by the used car supermarkets.

Last edited by gsm1; 31 July 2004 at 12:20 PM.
Old 30 July 2004, 06:36 PM
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mj
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so, are the lease companies up for a spot of negotiation? or is it a take it or leave it job?
Old 30 July 2004, 07:16 PM
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gsm1
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Get the bloke who currently runs the car to contact them and see if they'll talk turkey, worth a try. They won't get anything amazing from a trader and they'll have to pay commission at an auction.
Old 30 July 2004, 08:59 PM
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ScoobyRuss
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If it’s anything like are leasing company at work they always want stupid money for the cars. They always have full service history and are maintained regardless of cost which is always a bonus.
Old 31 July 2004, 12:44 AM
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My mum has bought 2 lease cars after the 3 years was up, hers were leased through the NHS. First was with Highway who gave a very good price so she took that without question. Second was with Swan National who gave top book price and wouldn't budge at all. Both cars were N/A Imprezas but I guess the companys' policies are the same across the board, so it will just depend on the co in question.
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