[Firaxis]

This seems to be a thing in the US, where at the end of a lease you have the option to buy the car in full (minus what you've put in of course) at the end of term.

Anyone done that over here?

[Goneinsixtyseconds]

Originally Posted by Firaxis

This seems to be a thing in the US, where at the end of a lease you have the option to buy the car in full (minus what you've put in of course) at the end of term.

Anyone done that over here?

Work lease schemes often let you buy the car at the end of the term, usually at a good price. Never tried on a personal one though.

[Cootie]

I think most places will quote you a price if you ask, but it’s not something that they will proactively quote you at the end of the lease term.

[Firaxis]

This is direct from Kia themselves via their own leasing arm, seems illogical to refuse someone who wants to buy a car off them. It's not like it can be re-leased and it'll just sit on a dealers lot depreciating or be sent to auction which is rather lose / lose for them.

[un1eash]

Guy at work leased through Kia and got a very good price to buyout at the end of the lease term.
Arval offer the option now also when in the last 90 days you can get a quote which is generated by BCA.

[Firaxis]

Awesome, really appreciate the responses.

[Panchoa]

My cousin leased a S5 for 2 years and purchased it at the end for a pretty reasonable price which was very close to market value if you were to try and buy one. Benefits are he’d had it since new and knew the history so big plus.

[Firaxis]

The contract does specify you can't buy the car which again doesn't logically work in their favour (especially on a niche, user specific car like a Stinger) . After all I can just get something else and I chose to lease mainly because the novelty wears off and on average I P/X them in every two years.

Although you do sink a lot of money into it, the car will have still have a warranty and besides an M340i there's nothing I'm really interested in. The option would be nice and it seems from the comments here they might oblige even if they state otherwise.

[Goneinsixtyseconds]

Originally Posted by Firaxis

The contract does specify you can't buy the car which again doesn't logically work in their favour (especially on a niche, user specific car like a Stinger) . After all I can just get something else and I chose to lease mainly because the novelty wears off and on average I P/X them in every two years.

Although you do sink a lot of money into it, the car will have still have a warranty and besides an M340i there's nothing I'm really interested in. The option would be nice and it seems from the comments here they might oblige even if they state otherwise.

How long is your lease for?

[Firaxis]

Originally Posted by Goneinsixtyseconds

How long is your lease for?

36 months this time around, simply because you got a better deal for doing so.

[thescouselander]

Alphabet offered to sell my wife's car to us at the end of her lease. For some reason tax rules meant she couldn't buy it in her name but I could. In any case they wanted a ludicrous price for the car so we just went for another new one.

[Goneinsixtyseconds]

Originally Posted by thescouselander

Alphabet offered to sell my wife's car to us at the end of her lease. For some reason tax rules meant she couldn't buy it in her name but I could. In any case they wanted a ludicrous price for the car so we just went for another new one.

That’s probably a good point. The lease company will want to get back what’s owed on it.

Some are great value because they’ve been written down a lot. Our high mileage cars at work are usually offered at quite a bit below trade value.

However, the OP’s Stinger is on a 3 year deal and has very low payments for the car. I’d be surprised if it’s a bargain buy and worth keeping at the end.

[Firaxis]

Originally Posted by Goneinsixtyseconds

That’s probably a good point. The lease company will want to get back what’s owed on it.

Some are great value because they’ve been written down a lot. Our high mileage cars at work are usually offered at quite a bit below trade value.

However, the OP’s Stinger is on a 3 year deal and has very low payments for the car. I’d be surprised if it’s a bargain buy and worth keeping at the end.

It's not that low, there will be 23K left to pay on the car after 3 years. Seen as a 67 plate is currently going for 27K.. Not all that bad.!

[RobUK]

I was in the same boat. Company gave me an Audi A3 through LeasePlan for two years. At the end they offered it to me for around three grand more than dealer forecourt models of the same spec/age/mileage.

[Goneinsixtyseconds]

Originally Posted by Firaxis

It's not that low, there will be 23K left to pay on the car after 3 years. Seen as a 67 plate is currently going for 27K.. Not all that bad.!

Might not be too bad then. I didn’t know leases gave you that info, equivalent of the balloon, although I’ve never leased one before.

Those £27k prices for 67 plates might be a bit ambitious though, there are also a few 69 plates at £29k. Second hand car prices are a bit cock-eyed at the moment.

[Firaxis]

Originally Posted by RobUK

I was in the same boat. Company gave me an Audi A3 through LeasePlan for two years. At the end they offered it to me for around three grand more than dealer forecourt models of the same spec/age/mileage.

Yeah, if that's the case the Stinger becomes a very hard sell. On a regular finance deal it costs the same as an M340i w/ tech pack..

[Ronstein]

We did that with my wife's X3 after a 2 year Alphadrive deal.

[dazzapb]

BCA offered me to buy the 2017 s5 I had from new (34 months old) for 26k was about market rate I believe. Had 21k miles i think