It's pretty rare to find someone who made a large downpayment on Leasebusters Inco.
They also sell cars..I've always wondered if they don't snap up the best deals for themselves before they go public on the site.
I guarantee it. I about 3 months ago inquired about a vehicle that I was currently leasing that is larger than I need. Only 15 months left and I got an employee price on it (a real employee price, not one of those summer promotions). Needless to say, I was not desperate to get rid of it, but it is a heck of a deal.
So, I got a call back almost instantly from Leasebusters who said it was a near sure thing it would be gone quickly - the payment is easily 20% lower than the same vehicles on their site and the buyout is attractive, plus we were about 8,000 under the km allowed at that time. I said I would think about it as I had the option of flipping it at the Honda dealer early, and if I wanted another Honda that would be easier for me.
2 days later, another call - with a 1/2 price listing offer. I said I'd think about it. 3 days later, an offer of a free listing. Why? My car was so attractive. Then I asked the $64000 question - "Is leasebusters interested in this vehicle for themselves"??
Yes. Since the payments + buyout work out to $5K less than comparable vehicles on used car lots, they were interested because they wanted to re-sell it.
Needless to say, the Honda dealer offered me $2500 off my new CRV based on the equity in my current lease, so that's the route I took. And my old van disappeared off their lot within a week.
