Quote:
Originally Posted by FrequentFlyer
I’m confused....you had the benefit of lower monthly payments due to a higher residual value guarantee and signed a contract that you no longer want to honor ? Or did I misunderstand?
I suppose you could hand it back and then immediately offer to buy it back for less, which might work.
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Nothing confusing about it. You are correct, my contract stipulates I either buy car at end or turn it back in.
BMW and Mercedes will at times offer to sell the car at wholesale to the dealer and bless the dealer to sell back to the original buyer at a markup. Manufacturer get more money than auction, dealer makes a bit of profit and original buyer gets a car he knows at a better price than retail. You could say win-win-win.