2016 Civic EX, lease take over
Someone posted a 2016 civic ex with 59,000km on it. there are 18/48 lease payments remaining at $336, and buyout is $11,000.
According to vmrcanada.com this civic is worth $13,500 (wholesale) and $16,000 (retail).
If I take over the lease and then buy this vehicle is be 18*336=$6000 + $11,000 (+tax) = $18,400.
1. Should I be asking for all transfer fees to be covered by the seller, and also, should at least 1 lease payment be added as an incentive? Dealers want around $19,500 for a similar car no including tax, this seems like a better deal no? Even if I negotiate with the dealer to $19,000 + tax it be $21,500. Seems it's $3000 cheaper to take over a lease.
2. Since the car is about to end it's 60,000Km bumper to bumper warranty, if anything happens to the car, do I need to repair the car at the dealership?
3. Is this a decent lease take over deal?
4. When doing a pre-purchase inspection, do you simply borrow the owners car and take it to the mechanic, before finalizing the deal?