ljwobker
Well-known member
So I've never bought out a lease before, but the current value of my 2019 is about 6-7k higher than the purchase option price, so it's financially insane not to extract that equity. I got a payoff quote from NMAC, but evidently the buyout *has* to be done through a dealer, and they're adding on all sorts of **** to the purchase. Is this normal? The quote I got was:
- the purchase price from the lease contract
- $350 added to that for the lease termination fee
- $700 added to that for doc fees (lord, deliver me from doc fees, right?)
- another $330 for "Accessories" -- what the hell is this?
is this normal? I realize most of the time that the value of the car is either less than the residual or close enough that none of this matters, but with the significant equity here I'm playing in a new sandbox, and so far it's full of ****.
- the purchase price from the lease contract
- $350 added to that for the lease termination fee
- $700 added to that for doc fees (lord, deliver me from doc fees, right?)
- another $330 for "Accessories" -- what the hell is this?
is this normal? I realize most of the time that the value of the car is either less than the residual or close enough that none of this matters, but with the significant equity here I'm playing in a new sandbox, and so far it's full of ****.