To determine the market value of your car (you will need certain information to get a good figure.)
-Make & Model
-Year
-Mileage
-Equipment
i. Engine (V4, V6, V8, V10 or V12)
ii. Drivetrain (2 wheel drive or 4 wheel drive)
iii. Extras (special rims, premium sound system)

Here are some of the different pricing terms.
-Wholesale Price (The price dealers would buy the car for)
-Private Transaction Price (What price are people selling a similar car for right now without buying the car through a dealership)
-Retail Price (The price you would pay to buy this car at a dealership)

When examining the market value for your car you have to look at the difference between the price you could get from a car dealer if you were selling your car today and the price you could get if your were selling your car to a private party through www.autotrader.com. Private party transactions usually take over 1 month to complete and involve negotiation over price transaction and the time necessary for you to conduct appointments for interested buyers to look at and inspect your car.

The owner of a car like the owner of a house, realizes that the value of their car is different than what they can expect if they were to convert that house or car to cash right now. The ability to convert a car to cash usually costs about 10% in the car market. This difference is know as the spread or the cost of liquidity.

When you go to sites like www.edmunds.com or www.kbb.com (kelly blue book) you have to look at the wholesale price & have a little bit of flexibility to bid up in between wholesale price and private party price. So to get a true market value of your car you can look at the private party price and subtract 10% or find a mid point between the wholesale price and the private party price. You will never be able to get an exact price on your car since it can be worth a difference of 10% solely based on who you are and what your interest is in the transaction. This is known as negotiating room.

Negotiating room is expanded or narrowed by how badly someone wants the transaction to occur. Example: I want my car badly because I under used it, garaged it, serviced it regularly, washed and waxed it regularly and it has low mileage. My desire to keep that car narrows my negotiating room if the finance company gets wind that the car is in great shape and I want to keep my car. They will try to get me to pay more of the spread. In a fair world their desire will equal my desire and we can meet right in the middle. Today we are not in a fair world for finance companies. The fact that you have the means to help them limit their exposure to this car when the lease comes due represents leverage which if used properly you will be able to reduce the residual value or buyout option on your car at the end of lease.

When you go to an auction you are buying at the wholesale price since only dealers are typically allowed to participate in these types of auctions. It is common practice for remarketers and finance companies to send their end of car lease returned vehicles to auction. If you are buying (wholesale price) at these auctions and then selling at private party prices you’re most likely a dealer without a car lot looking to make a small markup on each car you sell. If you are buying at these auctions and have a car lot, you are buying at wholesale prices and typically selling at retail prices to customers that walk onto your car lot. At auction it is in no ones interest to bid up the price of a car beyond what the retail market will support.

When determining the price of your car you have to think about the cost to the finance company if you return your car back to them. The best your finance company can get is the wholesale price if your car goes to auction. If a deal can be worked out with you it is in their best interest to make a deal happen. You also have to consider how much it would cost you if you had to buy another car like your car through a private party price or retail price. That is why you must have a little bit of flexibility if your finance company is willing to work with you keeping you in your car.

Playing the end of car lease game today is a lot like playing poker with a strong hand because cars have depreciated more than what the finance companies initially modeled or expected them to depreciate when they put you in your leased vehicle. With 10% unemployment there is simply less money in the economy to buy cars and a lot less people to afford those cars. So for finance companies to convert these cars to cash it is a lot more expensive for them than before.

Get Your Car Back expects this condition to continue for at least the next 3 years and if you have leased a vehicle and you like it you must think about the possibility of buying it out at the end of your car lease or at auction if the finance company is unwilling to adjust their price to keep you in your car.

About www.GetYourCarBack.com

End of Car Lease Representation - there are a number of strategies a lessee can use at the end of their car lease to create the best opportunity for themselves. Get Your Car Back can now represent you at the end of your car lease to ensure that you get the very best deal. Whether buying your car at the end of the lease or returning your car back to the finance company. Our goal is to make the end of your car lease a pleasant one. We will fight for you to keep you in your car without paying a dollar more than the market value at the time your lease expires.

Auction Representation – When all other options to Get Your Car Back have been exhausted auction representation is a very powerful solution available to lessees that want to keep their car but have not been able to negotiate a good price to buy their car at the end of lease. Auction Representation gives you the chance to Get Your Car Back at wholesale price and many people save over 20% off the residual value after all fees have been paid.

BMW Financial, a unspecified car dealership in the DC area & a proud owner of a 2006 BMW M5 have failed to come to terms on an end of lease buyout value. With the end of lease approaching and the residual values of the high-end automotive market falling out from underneath, a proud owner of a BMW M5 reluctantly returned his car back to BMW Financial.

The residual value was over $50,000 and the retail price was near $60,000 but the true auction value of the car was only $40,000. That is the price this clean, well maintained vehicle sold for at auction. BMW financial lost over $10,000 and more importantly they did not give a return customer the chance to feel like they care about his business after making good on a high end lease for 3 years.

Get Your Car Back Represented the above client and we have outlined a real situation. So if you are at the end of your car lease and find yourself in a similar situation, contact Get Your Car Back at 305-981-6209 for a pleasant end of car lease experience.

About www.GetYourCarBack.com

End of Car Lease Representation - there are a number of strategies a lessee can use at the end of their car lease to create the best opportunity for themselves. Get Your Car Back can now represent you at the end of your car lease to ensure that you get the very best deal. Whether buying your car at the end of the lease or returning your car back to the finance company. Our goal is to make the end of your car lease a pleasant one. We will fight for you to keep you in your car without paying a dollar more than the market value at the time your lease expires.

Auction Representation – When all other options to Get Your Car Back have been exhausted auction representation is a very powerful solution available to lessees that want to keep their car but have not been able to negotiate a good price to buy their car at the end of lease. Auction Representation gives you the chance to Get Your Car Back at wholesale price and many people save over 20% off the residual value after all fees have been paid.

GMAC refuses to negotiate the end of car lease on a 2007 Chevy Tahoe. The residual or buyout value is 30% below market value and the lessee does not want to pay more than his car is worth. Tax payer’s money is being used and GMAC has dug in deeper hoping to gain customers (money) who are willing to pay more than the current market value for their cars.

End of car lease negotiations with GMAC have been outsourced to Panama and rather than an open discussion with lessees about the buyout value of their vehicles, they have a hard and fast rule. “We do not negotiate residual values at the end of car leases.” What clients have been telling us is “it is a very frustrating process and GMAC does not negotiate the residual value of car leases. I have to pay up to keep my car or give the car back and buy a new car. It is not much help considering GMAC was the company that set the residual value in your lease contract.”

About www.GetYourCarBack.com

End of Car Lease Representation - there are a number of strategies a lessee can use at the end of their car lease to create the best opportunity for themselves. Get Your Car Back can now represent you at the end of your car lease to ensure that you get the very best deal. Whether buying your car at the end of the lease or returning your car back to the finance company. Our goal is to make the end of your car lease a pleasant one. We will fight for you to keep you in your car without paying a dollar more than the market value at the time your lease expires.

Auction Representation – When all other options to Get Your Car Back have been exhausted auction representation is a very powerful solution available to lessees that want to keep their car but have not been able to negotiate a good price to buy their car at the end of lease. Auction Representation gives you the chance to Get Your Car Back at wholesale price and many people save over 20% off the residual value after all fees have been paid.