Tips on Buying Cars: buying a car from an individual leasing it, toyota camry hybrid, toyota camry

Question
Hello- I am considering purchase of a Toyota Camry hybrid car. It is a 2008 model with 8000 miles on it.  It is currently leased.  The owner states he is changing careers and regretfully needs to sell.  I am wondering what is reasonable to expect to pay?  I believe there are penalties for returning a lease early, the price seems high to me but I am not certain how to determine what would be fair?

Answer
Ana,

Thanks for your question.  The value of the vehicle depends on your geographical location.  A good idea is to go to kbb.com and look at the used car private party value of that vehicle.  Remember that Hybrids are hot right now, so the owner can ask just about whatever price He wants to ask for it and probably get that price.

I hope this helps.

Thanks - Jb