Same with BMW, I could’ve sold my mini Cooper for a $6000 profit, luckily I wanted another BMW product and was able to trade it in but still I am upset, it’s greed, it’s capitalism yes but changing the third-party lease buyout when the equity is so high in a car that you leased is unethical. I realize that as a Leasee you don’t own the car But I leased my vehicle with the foreknowledge that I could sell it to Carmax or Carvana without having to buy it out myself prior and paying sales tax…
It isn’t reasonable to expect a right that isn’t written into your contract.
Same words, rearranged:
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I’m glad it worked out for you but I meant having to go back to the original dealer for ford leases.
I have an envelope with $35k cash for any GM dealer that sells me a z06 at msrp. Haha
They will go for 75-100k over and gm will do nada. If they were serious they would force people to sell back to the dealership, that would curb flippers
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Some things to consider:
- This sucks.
- No one can predict the future.
- Nothing is permanent.
We are all under the mercy of supply/demand + politics. Once another leg of the economy breaks and no one can afford MSRP, prices will drop. This might take months or years. No one knows. This is a difficult time to be in the auto biz. Consider a long term perspective that will give you some peace of mind.
Nothing more than lip service and PR move from Farley. No details of what is unreasonable markup and how much less allocation.