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Old 04-09-2008, 08:56 PM   #14 (permalink)
DuSpinnst
Starship Enterpise
 
Join Date: Jul 2005
Posts: 17,209
Re: Renegotiate Lease???

Quote:
Originally Posted by GMCdriver View Post
Actually, the dealer where you drop the car off at has first right of refusal on that vehicle from GMAC.
GMAC gives that dealer a price that they can buy the car for(FMV) and if they don't want it then it goes back to GMAC to go to auction.
I don't think I've EVER seen a dealer take a car (which why I assumed they couldn't). The price after a lease is just too high, they can get a much better deal by trying to track it down at auction.
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