After returning my car lease, how can I find the auction house auctioning it?
July 15th, 2010 | 
Author: Banks (Chase for example) auction off returned car leases at the end of the lease. I am wondering if there is a way of finding out specifically which auction is going to be auctioning it.
Posted in Uncategorized
If you really love the car and want to buy it, call the company you leased the vehicle from and ask if they will sell it to you at a reduced price. Usually in the contract there will be a stated amount that the vehicle could be bought for at the end of the lease. Check it out and see if you would be willing to pay that amount or make an offer to them. Auctions can get a price lower for you but you might have to add a buyers premium to the cost you bid. In our area it is 10 percent. Auction car sales prices are low for the banks so they might just take you up on an offer.