Let's say it's time to turn in your leased car. Do you buy the car outright, since getting a new one right now is so difficult?
So she decided to purchase it when the lease came up, especially since she was originally offered a great buy out of $15,567.But it wasn't. When she sat down with the dealer, she learned it would now cost $19,834 to purchase her own car."That was about $4,300 more than what I should have paid," she said."They said 'since you are financing it, we have to buy the car from Honda, so they are charging us a fee, so we have to charge you a fee.
"The dealers know the value of these cars is far higher than it was 3 years ago when that residual value was written into the contract," Brauer said."And it is probably painful for them to have an empty lot, and watch an existing customer come in and scoop up the car for a residual value from 3 years ago."Tariah Wiley decided to tell the dealer a contract was a contract.