GMAC Leasing Rigidity

[Kaiser Souza]

I have 9 payments left on my H3. My wife has a Volvo XC90. She is turning it in and for fun called the leasing bank and asked if they would discount the residual. They said they would take $8700 off the $24k+ price. It's about 33% off. I said hey, maybe I should call GMAC. Guess how much they would deal with me, zippo.

I then called my dealer and he confirmed this. He said I cannot even return the car and make an offer for it the next day . They will trace the ownership and only let me buy it at the preset price, $18500. He did say he would sell me a new one for $10k off list.

So here I am able to get a Volvo loaded for about $3k less.

Anyone wonder if this company is going to go bankrupt?????????