zorasdream

Hello

I'm testing the waters to see if any members are interested in a great lease takeover. Looking to get into a Z06.

It's a 2008 JSB Coupe 6sp Z51 All ebony 4LT and NPP. MSRP was just over $59,000. I used Ken from the Vette Net and Leasecompare.com to get the lease. Not looking to get back my down payment

30 months left on a 36 month lease. 12,000 miles per year and the car has 3000 miles. Payments are $673.28 per month. Total cost for the 30months would be $20,190 plus your local stae tax and you would be able to drive the car 1100 miles each month. Car is loctaed in CT

Please email @ robshorizon@aol.com if interested

Thanks
Rob

zorasdream

I just made the October payment so only 29 payments left. Car has not moved so all else stays the same

slingshot60

Pics? Also what is your residual at the end of the lease? Thanks...

SEE3ER

OK...knowing nothing about leases, can this car be purchased?

zorasdream

I'll get you photos by the end of the week. The residual is $32.830

Rob

Tom Steele

WOW! Good for you. How did they come up with these residuals?

Basically what will happen is that GM is probably gonna contact you and offer you the car for WAY LESS than that.

And if they don't then you can walk and it will be on a dealer's lot for way less than that.

In the meantime, the lease payments are way lower than they would have been if the residual value had been correctly assumed - if I understand leasing correctly.

POACHR

how does a lease assumption work?

zorasdream

Update

car is listed on swapalease. 27 months left and mileage is 4000

Rob

miwung

Hey Bro,

I am also trying to get into a Z. I've been trying to get rid of my 2006 C6 for a while now through a lease assumption, I got no takers. Then I found a dude through craigslist and now I am told my leasing company Wells Fargo, that they don't lease assumptions. Wells told me I have to keep the car....no exceptions....craziness.

good luck with your ride, hopefully your leasing company doesn't play games with you.

SEE3ER

"Basically what will happen is that GM is probably gonna contact you and offer you the car for WAY LESS than that."

How do you know what GM would offer the car at? This is peaking my interest, not knowing anything about leasing....

miwung

see3er,

I would love for that to happen then I would sell it ASAP, so I can get my Z. I'm currently fighting with Wells Fargo to see why they didnt notify anyone that their policy had changed about lease assumptions. They got a 75B bailout, the least they could do is honor their initial agreement with me.

I got a guy who wants my car, would be a nice transfer.

-m

zorasdream

Ttt

ALD_Z06

GMAC doesn't negotiate their leases at the end. If the original lesse passes, the dealer gets a shot, then a virtual auction and then a physical auction. After that, that's when they take the loss (if any).

speedster516

In all the vehicles that I leased thats how it always worked for me. I believe there is a lease that you dont in the end have the option to buy. Possible called closed end lease

zorasdream

Update


Only 25 payments and the car now has 4900 miles. Email me if your interested.

Thanks
Rob

longrodlx

So to purchase this car outright your talking $50k+?