Keeping a lease for a bit longer
Discussion
My car is just days off the end of its 2 year lease, and I'm not really interested in giving it back to be honest. This is mostly because I'm not in the position to commit to a new lease for another 2 years at the moment, most of the offers I'm seeing are pretty poor compared to what I have now, and I'm not really excited by much on the market.
Anyway I spoke to my leasing co well in advance to ask for the details on how this situation works. I was given a couple of options to do an arranged extension of 6/12 months but the pricing was not attractive (fairly understandable why, I get that there's a sweet spot to sell the car on, but the pricing was bad enough for me not to be interested).
I was told my other option would be to have an unarranged extension i.e. just roll the dice and see when the owner of the finance wants to call in the car. The leasing co couldn't really advise when that might be at all though.
I was just wondering if anyone had experienced the same with going 'unarranged' and if so how did it work out? Did you get days, months or weeks to play with?
Anyway I spoke to my leasing co well in advance to ask for the details on how this situation works. I was given a couple of options to do an arranged extension of 6/12 months but the pricing was not attractive (fairly understandable why, I get that there's a sweet spot to sell the car on, but the pricing was bad enough for me not to be interested).
I was told my other option would be to have an unarranged extension i.e. just roll the dice and see when the owner of the finance wants to call in the car. The leasing co couldn't really advise when that might be at all though.
I was just wondering if anyone had experienced the same with going 'unarranged' and if so how did it work out? Did you get days, months or weeks to play with?
To be fair I rang them and they don't think it's an issue (keeping it that is) they just couldn't really advise the schedule of the finance owner RE collecting it. I guess I understand this, if you have a huge backlog of cars to pick up and not enough bodies you'll get to them when you can I suppose but I was just interested in anyone's experiences and if they tried to do this but got a couple of days, weeks or months.
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