MOST leases have a predetermined residue value ,at least that has been my experience. If that were the case as described 'open end lease' then you would be able to purchase the car off lease for current market value. Or vise versa you can purchase at the predetermined value. This is what I would do rather than pay the lease company to get out of it IF it were open ended. Given TODAYS market values.
I got screwed once on a Saab lease as I didn't want another one and they REALLY put the boots to you!
Best to bring it in clean and HAVE the inspection done the day you turn it in IN YOUR presence! I fought with Saab for nearly 6 months as the billed me $4000 dollars for damage ,over mileage,taxes and end of lease fees. I finally settled and had to pay $1700 dollars!
It took them WEEKS to do the inspection after sitting on the dealer lot and in between there was a hail storm! My Audi lease is up in less than a year and I believe the residual is some where around $18,000. I'd love to negotiate fair market value and buy it off lease.
GM got in big trouble a few years ago with there leases and restructured residue values as they were taking a beating wholesaling the lease returns. The days of cheap GM leases are GONE! Have been for about 6 years
One of the reasons I bought my Audi. But I do have a 'closed in' lease. So I imagine there will be NO negotiation,either way.
So the differance here is do you have a closed in or open end lease?
Jags are for fags!
I too have been leasing cars ,trucks for TO many years!