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My current lease is ending in a few weeks so now I"m planning for my next acquisition. Called the dealer today and asked if they ever negotiate on the buy-out price. He said no. So I probably won't buy it and i'm actually interested in leasing a higher end car but not if it's new. My research has shown dealers at least used to lease used cars but the info is quite limited. Does anyone here have experience leasing a used car from the dealer (and not from another leasee..i know there are sites like swapalease and leasetrader but i'm not as interested in those services). If so, how does it work? Do they have residual rates for 5-6 years of ownership?
I believe it would be hard to make money leasing used cars because just who would pay the repair bills if the thing blows up? The lessee wouldn't and the leaser couldn't or he could end up losing losing money. New cars that are leased have the factory warranty to cover the unforeseen repairs.
Given that leasing is the most expensive way to use a car, the market is primarily organized around the high end of each market, with customers who are not so concerned about cost.
Once the biggest depreciation is paid for by lessees of new cars, it's a lot easier to sell the used cars as they come off-lease. So there's much less interest in leasing at that point, on either side of the market.
wow... didn't know BMWNA did used car leases. I bet their subvented advertised lease specials don't apply though, so you'll be paying full rack rates, which can be in nose-bleed territory. I've had a couple friends do leases on "demo" or "executive/marketing" cars carried by certain dealers and the monthly advertised rates do apply, so you end up saving 30% or more for a vehicle that has less than 10k miles. The only caveat is that your options and color choices are severely limited.
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