Do I have to pay a fee to buy my leased car?

You could face an in-house charge

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From the Summer 2016 issue of the magazine.

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Q: “When my Cadillac ATS lease ended this spring, the dealer wanted to charge $750 so I could exercise my purchase option. But my GM lease had only a $500 transfer fee and no purchase option fee. Why?” —J-J Beauchamp, Laval, QC.

A: Dealers and automakers are imposing additional fees at increasingly higher amounts for those who wish to buy their vehicle at the end of the lease term. In some cases, the amount is specified; in others it isn’t but dealers may impose an in-house charge. If you’re charged an amount that’s not in the lease, challenge the retailer or go directly to the lessor. If the charge is high, say $500 or $1,000, contact the APA. We need to hear from the public to develop a better understanding of how the charges are being applied.

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One comment on “Do I have to pay a fee to buy my leased car?

  1. This advice is not nearly complete enough. “Dealers may impose in house fees” — only if those fees are in a signed contract. They cannot layer lease purchase fees as they dream up that are not in the agreement. The agreement goes into minute details about the price, taxes , over mileage fees. You get to buy it for the contract specified amounts that are agreed to by both parties. I have tested this.


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