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straight-talk on smart-buy lease balloon payment

11170 Views 12 Replies 9 Participants Last post by  goodwrench1
Can someone please explain the process of buying out a smartbuy lease?

I have a friend with a trailblazer. The vehicle is currently worth about 4,000 less than the balloon payment. It was my understanding that balloon payments can be negotiated. Is this true? My friend wants to buy the car but is not going to pay 4k over what it is worth. Are they better off trading it in and just getting something else? Can they trade it in and then buy it back for a reasonable amount?

Thank you for any input
1 - 2 of 13 Posts
It is not negotiable. Either it has to be paid or the vehicle gets turned in and then the dealer has the right to buy it next.
Yes, that would be the smartest way to proceed.
1 - 2 of 13 Posts
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