ST Alpha - "We returned a leased car. The finance company sent the final statement. The "realized value" which I assume is the amount the car was auctioned off " (Reading a Post)

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We returned a leased car. The finance company sent the final statement. The "realized value" which I assume is the amount the car was auctioned off

Posted by James Bond (aka Igor) (aka Igor) Jun 7 '15, 13:52

for is $8k below the expected appreciation amount (buyout amount). Did the lease company really just lose $8k?. Suckers.

(we dont have to pay anything extra).

Responses:

What kind of car and how long a lease? That seems really unlikely. - iSpam Jun 7, 16:10
No cars that aren't collectors items ever appreciate in value - tristafe Jun 7, 14:35 5
- Most things that are F$%#& expensive when you buy them tend to remain F$@#& expensive in the future. - zeitgeist Jun 7, 15:45 2
  - every car loses 50% of its book value the moment it gets driven off a dealer lot - tristafé Jun 7, 15:57 1
    - More like 20% unless it's a luxury car which is more like 10-15%. -- nm - iSpam Jun 7, 16:02
- Just like boats... But there are fewer collector-level boats. - Beryllium Jun 7, 14:54 1
  - John Staluppi is the rare exception who collects both. he also has multimillion $$ yachts built every other year -- (link) - Peglegpete Jun 7, 15:32
they were hoping you would feel sorry for them and contribute a couple thousand to make up for their losses -- nm - zeitgeist Jun 7, 14:23

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We returned a leased car. The finance company sent the final statement. The "realized value" which I assume is the amount the car was auctioned off

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