We have the GM car and lease a new car every 2 or 3 years. We use the GM Mastercard to accumulate enough points that we never put money down. We always have a car payment, but the payments are about 1/3 the amount as if purchase, and all maintenance is complimentary for the duration of the lease.
One of our leases is up in August, but GM sent us a postcard saying to come down, get out of your lease early, here are several additional discounts and points.
Our salesman last evening reminded me of a timeshare salesman. He was trying to fast talk us. We were saying we have been leasing GM since 1998 and we know the drill. Give us your best price, we will sign the papers and close the deal.
He insisted to us that we have to pay sales tax on the residual value of the car plus the payments. I told him that unless the law had changed, we only have to pay on payments plus value of rebates. He walked off to a manager and 10 minutes later came back with a price that was $40 month higher than the same exact car we leased 12 months ago.
I told him he was way off, and he got insulted. He challenged me back on the tax issue, told me the prices were higher this year. I looked at the price and told him, no, that is just about the same we paid last year. He took $40/month off. We countered at a price $90/month less and he told us we were crazy.
Today I called back, asked for the sales manager and requested that he re-work the deal with the proper tax, and to give us some extra off for having to deal with the pompous salesman last night.
He came back with a price $75/month less than last night's offer. No brainer, thank you! Sold!
One thing - our current lease payment is due tomorrow so if we want to get out of that payment we have to take possession TODAY. I'm waiting for him to email the paperwork to get going and we will pick it up at 3 PM
Perseverance pays off!
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