I want to buy it after turning it in as it will be lower price than payoff amount but how can I locate where it goes after lease return to buy it?
These cars typically go to auction where dealers purchase at wholesale. If you know someone who is a dealer you can sometimes get credentials to go visit the auction yards and bid on any make and model you like.
And if your car doesn’t go to auction, it will not be lower than payoff to buy from dealer. It will be $2-4K more - dealer will want to make money on it, not to give it away.
I typed my ATS vin into google about a week or so after they told me it was going to auction. I found it at a Cadillac dealer in Las Vegas. They were asking about the same as my residual was. I leased it in San Diego.
I just googled the vin number. Turned it in here in So Cal and found it was for sale as a certified used in Oakland, CA
It makes sense In general the price to buy after turned in is less than payoff price as they tend to keep residuals high which means higher payoff, I know my car has 54k payoff and the current market rates are 48k and I still 1
Year away from
Lease
Termination. It will be 30 month lease on Lexus RC F MSRP $80k with 30k miles. My friend just bought used one identical for $48k with 18k miles
Yeah just Google the vin. My old ats went from Pittsburgh to Philly
Set up a Google Alert on the VIN number. Google will do the work of emailing you if/when the VIN shows up so you don’t have to keep checking.
I was in a similar situation before where I had CarMax appraise my car before turning the lease in. The CarMax valued the car at a few thousand less than the buy-out cost and suggested that I could negotiate with VW Financial to buy it out for a lesser cost. I didn’t want to keep the car, so I didn’t bother with that, but it could be worth trying.