[barhoc11]

Even though my lease is not up until June 2011, I have begun thinking of what car I will want to purchase next. I normally do not drive cars more than 3 years so the fact that I am considering buying my 2008 LTZ says a lot about the Malibu. The purchase price at the end of my 36 month lease is $15,600 so I am debating whether or not to purchase this car or maybe find a similar bu for cheaper. I am also looking at some other cars but knowing my car was pretty maintenance free, it helps to know I am getting a reliable car with low miles on it.

The only issues I have taken the car in for have been:
1)radio does not work in cold weather until car is warmed up (dealer replaced radio)
2)rear door lock stopped working (fixed by dealer)
3) brake squeeking since I first drove the car (fixed by dealer)

Does anyone think I would be getting ripped off if I bought my leased 2008 LTZ for $15,600 in June 2011? Any ideas on negotiating a better price from GMAC?

I like the car and don't drive much as I work at home, is their much maintenance between 30k and 50k miles? This seems to be what I would put on it after buying it and driving it for 2 - 3 years more.

Thanks!

 

[tygriff]

What will your mileage be when you plan to hand it in? If it will be still fairly low and you like the car (and obviously know its been taken care of), the price is not too bad.

If the mileage is higher, see what the deals are on a new one around the time you need to return the car. You might be able to get into a new 2010/2011 LTZ in the low 20's with incentives.

 

[Fishhunter911]

To give you an idea of what they are going for now... I purchased a 2008 LT with 30k on the clock for just under $16k If you have to wait a year or more to buy, I think that buy out will be a tad high. GMAC will work with people if you ask. I just refinanced my 06 Trailblazer SS at the end of my smartbuy. They worked with me on the price by dropping the residual and gave me a damn good rate.

 

[barhoc11]

To give you an idea of what they are going for now... I purchased a 2008 LT with 30k on the clock for just under $16k If you have to wait a year or more to buy, I think that buy out will be a tad high. GMAC will work with people if you ask. I just refinanced my 06 Trailblazer SS at the end of my smartbuy. They worked with me on the price by dropping the residual and gave me a damn good rate.

That is an option I did not think of... I was planning to pay cash for it but do you think they would lower anything if I wanted to finance with them again through GMAC (Ally)? I would still just pay it off but I wonder if they are more willing to if you finance with them.

I will probably have 30k on it when I turn it in so in June it may not be a great deal @ $15,600. If I could get it for under 15k, I will probably do it as long as the car does break down all of a sudden before then.

 

[Fishhunter911]

The cash option may work in your favor. They get all the money upfront. Never hurts to try is my motto.

 

[xjken99]

When I purchased my Jeep Cherokee when the lease was up the bank offered me a lower purchase price plus a great rate.