| ed says |
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To Norm,
In many cases the leasing company has the residual value insured, so they are not taking the brunt of the loss at lease end. However with this insurance the vehicle has to be disposed of at auction within a certain time frame or the insurance will not cover the loss. That could be the reason that they would not extend your lease. |
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| at 2/19/2009 12:31:10 PM |
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| norm goldstein says |
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| Leasing Companies are not willing to bend on an extension of the lease for a month or two. I'm a snowbird, so wanted to the car until end of November. On a Jetta, VW insisted I had to bring in the car on the end date - Oct.27; same with Toyota. I was offering them the full extra month's payment. Both were not interested. Considering that they lose money at auction compared to the lease buy-back, wouldn't the extra month's income be to their advantage? |
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| at 1/26/2009 8:35:02 PM |
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