Topic: Is there negotiating room in a buy back?

[slybry]

My buddy has a 2008 Chrysler 300 that is coming to end of lease this March. He likes the car a lot and he was thinking about buying it. The lease states buy back is $19,500 and the dealer mentioned there is an administration charge of around $500.

They do not seem to want to negotiate the buy back amount. Are these amounts set in stone.

Car only has 29,000 kms on it so I think the dealer wants it back to re-sell.

[blur911]

They do not seem to want to negotiate the buy back amount. Are these amounts set in stone.

Car only has 29,000 kms on it so I think the dealer wants it back to re-sell.

The lease probably deals with the manufacturer, not the dealer.  Yes they want to resell it. 
About the only thing your friend can do is buy it out and resell it themselves.   I did exactly that on my only lease, put in for sale a few months before the lease ran out, made an agreement with a buyer, arranged for the dealer to transfer directly to the new owner, not me,  to save taxes.  Don't know if you can still do this, it was a few years ago.

[Petzy]

I cant speak for Chrysler but as I mention in my other posts that I am able to negotiate the buy-outs on other company leases.

Info here: http://mark-petz.com/leasebuyout.aspx

Are there any other dealers on this forum that can confirm this for other leasing companies like Honda, Ford, Chrysler etc?

I get asked all the time and I have no idea of any other leasing company but us doing this