Buying your lease Vehicle - HotUKDeals
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Buying your lease Vehicle

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Hey guys, I'm currently 18 months into a 24month lease agreement with Hitachi and I know they tend to flog all of their cars at auctions when they get them back. But I've just gone through my paper…
NinjaDinosaur Avatar
3m, 1w agoPosted 3 months, 1 week ago
Hey guys,

I'm currently 18 months into a 24month lease agreement with Hitachi and I know they tend to flog all of their cars at auctions when they get them back. But I've just gone through my paperwork and their is a leaflet in there stating you can buy the car at the end of your agreement.

Just wondering if anyone has an experience of doing this? Is it worth doing? Do you get a discount with them not having to prep the car for auction etc?

Thanks in advance for any advice.
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NinjaDinosaur Avatar
3m, 1w agoPosted 3 months, 1 week ago
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#1
How will you agree a price? The auction gets the market value on the day and the lease company gets paid
#2
You can defitley do this but not wi them all. I was oncd told the worse condition its in the lower a price you pay but i suspect thats a load of rubbish lol
#3
It's definitely worth speaking to them. Think about it, from your point of view, you could get a car that you know the history of for trade price.
As for them, they won't have to collect the car, prep it, transport it to an auction house, pay auction fees etc.
Have a look at the value of the car (trade) to get an idea, get a figure in your head then ask them how much they want for it.
No harm in it. Whether it's worth doing is a matter for you, how much do you want that car?
#4
ktm666
It's definitely worth speaking to them. Think about it, from your point of view, you could get a car that you know the history of for trade price.
As for them, they won't have to collect the car, prep it, transport it to an auction house, pay auction fees etc.
Have a look at the value of the car (trade) to get an idea, get a figure in your head then ask them how much they want for it.
No harm in it. Whether it's worth doing is a matter for you, how much do you want that car?


​This is exactly what I was thinking. I love the car, it suits my requirements. I've looked after it. Its been serviced as and when it's needed to have been. And I could potentially get a decent discount off of what a used car dealership would charge for the same car that I wouldn't know the exact history of.
#5
I've bought out my company lease car before and yes it can be a good deal.
Often there is a final value on the agreement at the start but if not just call / email the management company and ask for the buy out price. I don't believe there is usually any negotiation - it's just take it or leave it.

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