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Asked: Mar 21, 2008 - 06:17 PM

Status: Closed

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escape4less

We need to buy our leased car but funds will not be available for 2 weeks. Is an extention possible? How's it work?

The lease is up on the 31st. Funds are not available until the 15th. Mileage is way over the limit, so we need to buy.

In Buying & Selling > Car Leasing
1 answer - 167 days ago

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mr_shiftright

Date: Mar 21, 2008
Time: 09:45 PM

I'm sure you can work something out with the leasing company. They probably want to get rid of the car so by you buying it, you're doing them a favor. Call them up and explain the situation. Maybe you can even negotiate the residual while you're at it. No harm in trying. Otherwise, they'll have to take the car back and pay someone to take it to auction, sell it, etc.

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