DavidH wrote:It appears that some people are having good luck renegotiating the end-of-lease purchase price while others are not. I have a 2016 Spark ev with the 3-year lease ending July1, 2019. I currently have 4800 miles, so I anticipate having about 7200 miles at the end of the lease. The purchase option is $10,698.
1) If they are willing to renegotiate, what price should I aim for?
2) If they are unwilling to renegotiate, and I would like to purchase a used Spark ev, where is the best place to look?
7200 miles after 3 years? Cargurus.com shows 2015 Spark EVs going for around $10k for areas near my home in Central California. In my opinion, if you have not had any problems with your 2016 Spark EV, try to negotiate a lower price but, personally, I would have no problem paying $10,698 as long as it was in very good to excellent condition and there was no or very little HV battery degradation. Last year I paid $11,700 for a 2016 Spark EV 2LT with 6500 miles on it to replace my 2015 Spark EV which I turned in last month. A year later, the car is running great! The buyout for my 2015 Spark EV was $14.5K and it had suffered more HV battery degradation than I expected.