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Old 01-21-2010, 01:35 PM   #8
Angrybird 12
7 year Cancer Survivor!
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Drives: 16 Encore, 07 G6, 99 Astro, 16 VW
Join Date: Dec 2007
Location: East Tennessee
Posts: 21,524
I leased a car back in 1986, and in the lease contract it stated that at the end of the lease I could return the car and if the actual value was less than their residual value determined at the lease signing and I would owe nothing.. Unless it had excessive miles or damage... BUT it also stated If I wanted to purchase the car I could purchase it at the residual value they determined at the lease signing, no matter what the car was worth at the time the lease ended.
In my case it wouldn't have mattered if the car was worth 7K more than they thought, I would have gotten it for the stated residual value THEY determined at lease signing.
Cancer's a bitch! Enjoy life while you can! LIVE, LOVE, DRIVE...
The Bird is the word!
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