Thread: lease buyout
View Single Post
Old May 28, 2004 | 08:44 PM
  #4 (permalink)  
Dan Root's Avatar
Dan Root
Banned
Joined: May 2004
Posts: 3,205
Likes: 1
From: port hueneme ca.
Default
If the value of the car drops below the residual value stated on your lease the dealer or bank will take best offer or they will have to auction to wholesale buyers.Or floor the car on their own lot and buy it for their own inventory.
 
Reply
0