Hello,
so I am considering paying off my G37S 6MT.
The numbers in my IFS account seem weird to me.
The Pay-off amount is 35,900$ and the residual is 25,000$
The loan is 39 months 510$/month with 36 months to go.
Most people say the payoff amount is usually a rip off but mine
seems to be the cheapest option long term?

Also, about that residual, if I am considering buying my car
in 3 years, will I really have to pay the full residual price
or is this negotiable?

Lastly, since I leased my car through IFS, is it true that I cannot
transfer the lease to another person?

Thanks.

 

Cant answer all your questions but from what I do know when you turn your lease in and want to buy it, the dealer has the upper hand as they know you'd rather buy a car you're familiar with (you know how you treated it) than go purchase a used car elsewhere. From what I hear, its pretty hard to negotiate the residual down significantly but I'm sure you can get it down somewhat.

If you want to transfer the lease to another person, check out swapalease.com. You can post on there and people can take over your payments.