Got an e-mail from a reader the other day about his lease.
It's coming due shortly, and he is debating whether to buy out the car for the pre-determined amount - a bit less than half the original MSRP - or walk away.
He loves the car - 2007 Hyundai Sonata, low km, great condition.
But he is wondering if he might be able to arrange a lower buy-out price from the dealer.
I do know three things:
1. If the current market value of the car is lower than the buy-out price, why wouldn't he walk away, then come back in the next day and buy the car for less?
2. Everything is negotiable, especially these days. He has no obligation to buy the car at that or any price.
2. While Hyundai has been doing better than most, dealers should be doing whatever they can to keep a happy customer happy - again, especially these days.
Anyone out there got any knowledge or experience to bear on something like this?