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Old 20.05.2018, 11:28
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[Car] leasing

hello

i hope someone can explain this to me.....

5 years ago i made a leasing for a car and it s now coming to the end
i want to keep the car....but the garage told me that perhaps i will...perhaps i wont....the boss has to decide....whaaaaatttttt??????
did you have a similar experience?

thanks
s.
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Old 20.05.2018, 11:55
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Re: [Car] leasing

Simply read what your leasing contract says regarding end of the lease.
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Old 20.05.2018, 13:17
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Re: [Car] leasing

Do you lease it, or does your company lease it?

Keep the car in what way? (Extended lease or buying it so it becomes yours?) And did he ment your boss, or the boss of the garage?

And have a talk with your employer, perhaps they offer a new car with a new lease.

Anyway like "Swiss" said, it's all in the papers.
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Old 27.05.2018, 23:15
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Re: [Car] leasing

The owner can have priority in keeping the car at the end of the lease. Though normally the dealer has no interest in keeping the car, there have been cases where it happened.

If you lease a car that may appreciate (say a vintage car, some rare ferrari, etc.) and you know you may want to keep it at the end of the lease, it's recommended to have a written confirmation from the dealer that you're entitled to keep it, if so you wish.
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Old 28.05.2018, 13:44
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Re: [Car] leasing

It doesn't have to appreciate. If for whatever reason the residual value in the contract is significantly lower than the actual market value of the car, then you want to keep the car (obviously).

I am pretty sure that the option is on the buyer of the car, not on the seller (lessor)
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Old 28.05.2018, 13:47
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Re: [Car] leasing

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It doesn't have to appreciate. If for whatever reason the residual value in the contract is significantly lower than the actual market value of the car, then you want to keep the car (obviously).

I am pretty sure that the option is on the buyer of the car, not on the seller (lessor)
The option to buy has to be in the contract, if not it is nothing else than a long term rental with possible additional costs for repair and insurance where the seller/lessor holds all the cards in the end.
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Old 28.05.2018, 14:13
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Re: [Car] leasing

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It doesn't have to appreciate. If for whatever reason the residual value in the contract is significantly lower than the actual market value of the car, then you want to keep the car (obviously).

I am pretty sure that the option is on the buyer of the car, not on the seller (lessor)
I had a situation like this, and using the standard contract, the priority was on the dealer, but in the end I managed to keep it.

Check the contract as others have said.
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