Lease buy out after extension

Ask the Hackrs Buy/Finance
1

How is the buyout price/new residual determined if the lease is extended?

2

Varies by brand

3

I called up to find out approximately where the buyout price would be if I extended my lease by 12 months and they gave me the payoff. Payoff now is approximately 20,××× after the extension of 1 year its about 17xxxx.

4

Aside from NMAC/IFS, the other banks should reduce your RV by the depreciation portion of your payment

If you’re not sure what that is, it’s your payment less rent charge less tax

5

I was checking about this option too. See following from GM Financial CS. Pretty bad deal to consider lease buy out after extension.

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