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Old 07-11-2012, 10:30 AM   #1
R U Skanking
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Member#: 284389
Join Date: May 2011
Default Does it save me anything?

Hello,

I'm at the end of my lease of a 2009 5-door Impreza hatchback sport-package silver model. I've got only 43,000 kms on it. I was planning to just give the car back and buy (not lease again) a 2013 same everything.
My dad, however, was asking if it might be worth it to buy this car, and then do a trade-in for the 2013 model. Is there any logic to this? Can it save anything compared to just ending the lease and buying a new car?

Any sagely advice would be very welcome!
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Old 07-12-2012, 11:22 AM   #2
speedy mike
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Member#: 265056
Join Date: Nov 2010
Chapter/Region: E. Canada
Location: London ont
Vehicle:
2002 wrx
wrb

Default

This is a very personal question. Some people need to own a
car because they feel that they are wasting money with no return.
Other don't care. For years i used Lease Busters and change vehicles
every 6 to 11 months, just made payments. Check lease busters
out in your area and see what is available. Call me 519-685-1618
if you need some help.
Speedy Mike
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Old 07-12-2012, 05:02 PM   #3
R U Skanking
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Member#: 284389
Join Date: May 2011
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I don't need to transfer a lease. My lease is finishing in a couple months.
My question is, I want to buy a new 2013 after the lease is up.
Is there any benefit in buying my 2009 and then trading it in for
the 2013?
Or should I just finish the lease and buy the 2013?
The only reason I ask is cause someone suggested it can make sense financially to do so.
Personally, I don't see how.
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Old 07-21-2012, 10:40 AM   #4
Graeme C.
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Member#: 326805
Join Date: Jul 2012
Location: GTA
Vehicle:
2012 Impreza
Dark Grey Metallic

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Hey

I dont see how it'd save you anything. Because I doubt you'll get the same amount or more from the dealer for the 2009 then what you'd be paying for it.

I can only see it as it costing you more. I think you should use the money that you'd be buying the 2009 with, as a down payment.
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Old 08-12-2012, 03:38 PM   #5
iamfob
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Join Date: Apr 2012
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Quote:
Originally Posted by Graeme C. View Post
Hey

I dont see how it'd save you anything. Because I doubt you'll get the same amount or more from the dealer for the 2009 then what you'd be paying for it.

I can only see it as it costing you more. I think you should use the money that you'd be buying the 2009 with, as a down payment.
exactly what I am thinking too.
When OP buys back the 09 model, he/she has to pay full tax on it. When you trade it in, the dealer usually offer you a lower trade-in value (Black book) so you might be worst off.
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