Your second assessment is correct poorazn. They actually did try to finance me at 2.75%, they sold the stock Z for $32,718, and just added on my remaining lease payments for a grand total of something like $36,800.
I definitely got bamboozled and have a lot to learn about car buying. I contacted my credit union and they said I was approved for a loan at 36k, so I'm just going to either trade in my lease and be a little more aggressive in getting the payoff I want on it, ride it out till 2013, or use a service like Swap a Lease to get someone to take it off my hands and be rid of all future payments.
Then I will approach a dealer with the check written out for the amount I intend to pay and that will be that, they can either take it or leave it. I'm thinking of offering something like 31k or 32k for a touring sports package.
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