Chevrolet Corvette Stingray C7 Forum - View Single Post - How do dealerships take your previously leased car?

THE EVIL TW1N · 04-14-2009, 03:04 PM

Basically they pay off the residual. They purchase the car, just like you can purchase the car at any time.

Sometimes they can be tricky though as to how the lease is worded. Sometimes it may be worded in that only YOU, the original leasee, can purchase the vehicle. They do this because the car may have a residual in their favor and they want to keep the car to make bigger profits.

04-14-2009, 03:04 PM	#2
THE EVIL TW1N Banned Drives: 2003 Cobra Convertible Join Date: Feb 2009 Location: CA Posts: 2,925	Basically they pay off the residual. They purchase the car, just like you can purchase the car at any time. Sometimes they can be tricky though as to how the lease is worded. Sometimes it may be worded in that only YOU, the original leasee, can purchase the vehicle. They do this because the car may have a residual in their favor and they want to keep the car to make bigger profits.