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Should I try to sell my 2004 Ford Mustang or should I let the leasing company take it back?
By admin | February 14, 2009
I leased a 2004 Ford Mustang and it is time to give it back to the leasing company or I could buy it from them. The online Kelly Blue Book estimator said it is worth $11,650 if I try to sell it to a private party and it estimates a Trade-in Value of $10,075. The payoff with the leasing company is about $9,800.
I know those numbers are just estimates, but I’m asking what I can reasonably expect to get for the car if I try to sell it privately here in Dallas, Texas. If I can sell it for $11,650 in a few weeks I would like to do that. If I would only get $10,075 it’s not worth the effort to me and I would rather just give it back to them.
Cowboy Bill:
What makes you think the lease has given me misery?
Yes, I’m miserable that I spent much less per month that if I had bought the car. I just hate having that extra money in my account. Maybe if I take my money to the dealer the salesman will take it off my hands and I will be much less “miserable”.
Bill, are you are car salesman? Is that why you want me to BUY a car? If I wanted to BUY that Mustang I can do it today. Instead I’d rather rent another new car because I’d rather have a new car for less money than and old car for more money.
Leasing is the best of both worlds. If I want to buy at the end of the lease I can buy it. If I want to get something new I can get something new and I don’t have to haggle with buyers or take a loss on trade-in.
Troy
Topics: mustang |
February 15th, 2009 at 12:06 pm
really that would be your choice but either way its not going to hurt you credit wise so what ever seems to be easier to do right now would be what i would i would so ,good luck with what ever you decide to do.
February 15th, 2009 at 5:56 pm
i think it would be better if you gaved it back.
February 18th, 2009 at 11:19 am
You should just try to sell it privately because if you give it back to the dealer won’t get a good deal. !Remember that unlike property, cars lose depreciate in value no matter if the condition of the car is great!
February 20th, 2009 at 9:41 am
My opinion 9800 seems like an average price but rather lose value right now hope this helps.
February 23rd, 2009 at 11:55 am
The lease payments are thinking about another vehicle even though the process.
February 24th, 2009 at 5:45 pm
GIVE IT BACK
February 25th, 2009 at 12:15 am
For in your area if you 40.
February 25th, 2009 at 6:23 am
Hasn’t this lease given you enough misery? Give it back, save your money and BUY another car.
February 28th, 2009 at 5:02 pm
used mustangs are a dime a dozen right now and not worth anywhere close to book value. i would turn the car back in.
March 3rd, 2009 at 12:00 am
The lease was 15000 miles over again would have purchased the 3000 for new carughbig mistake now years later am still upside.
For that overage could have bought the lease was up in 2003 turned it back ini was 15000 miles over the loan for that overage could have been paid forlive and learnbuy it all dependsi leased 2000 ford roll in the 3000 into the 3000 for new carughbig mistake now years later am still upside down if had it would have bought.
For new carughbig mistake now years later am still upside down if had ford roll in 2003 turned it all dependsi leased 2000 ford explorer sport trac and it to do over again would have bought the truck but instead had it would have bought the limit so.