Lease for a bigger rebate, then buy out in 4 months? - Ram Rebel Forum
 
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post #1 of 8 Old 12-03-2016, 09:42 PM Thread Starter
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Lease for a bigger rebate, then buy out in 4 months?

New to the forum, looking at a new 2016 Ram Rebel. Visited a dealer today.








The dealer is suggesting that I lease the truck (and get a bigger $8500 rebate) vs buy (only get $5000 rebate). Then in 4 months do a lease buy out. Pay like ~$1000 in fees total, but make $2500 overall.
Have you seen this? Seems sketchy and lots of unknown about the lease buy out, hidden costs, double financing, etc. Rates could jump in the next 4 months leaving me screwed.




Hope you can help me, Thanks
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post #2 of 8 Old 12-03-2016, 11:46 PM
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I don't have any experience with buying out a lease early like that. I would call the leasing company though and confirm with them the possibility of doing this and if there would be any other fees assessed that possibly the dealership isn't telling you about. To me it just sounds too goo to be true. I have known dealerships to not be 100 percent honest and just telling the customer what they want to hear to just get your business.

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post #3 of 8 Old 12-04-2016, 01:33 PM Thread Starter
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FYI, After posting in other forums, I have learned that what I had was not a 4sq, just a printout of info on price and tradein, etc. But the question still remains the same.


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post #4 of 8 Old 12-04-2016, 01:57 PM
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No. A dealer never has your best interest in mind. There is obviously some special incentive for them to sell leases right now over straight up buys so they are steering you where they want you.

If you want to buy a truck, negotiate what you are willing to pay.
If you want to lease a truck, negotiate what you are willing to pay.


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post #5 of 8 Old 12-04-2016, 09:35 PM
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That's odd. I just bought my 2017 Rebel 10 days ago, and the incentives weren't great, but good. I still got $8,500 off mine. To finance a 2016 model had the huge savings. A 53k sticker, you can get for 43-44k, plus 0% financing up to 72 months.

Maybe look further out of your area. The deals for 2016 models are out there.

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post #6 of 8 Old 12-06-2016, 10:57 PM Thread Starter
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Worked on a deal today with a dealer. Didn't close yet, trying for more/unsure if I will buy.
MSRP 52,500ish ~%20 off MSRP was negotiated price with rebates&discounts. Then tax/title/lic.
It's only the beginning of the month vs end, and the 2016's are becoming less and less.


Thoughts
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post #7 of 8 Old 12-07-2016, 12:32 PM
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20% off MSRP is the Ram Days discount from Dodge that dealers can apply to 'aged' inventory on the lot. Sounds like a fine price to me.


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post #8 of 8 Old 01-16-2017, 08:03 AM
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Here's a brief FAQ about leasing system: truck1.eu/leasing
And after some research of yours it would be nice to compare a couple of offers of leasing companies, since their conditions differ.
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