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#441 of 493 How can you get out of a lease early?
Jun 13, 2008 (11:34 am)
My wife and I leased a 2006 Passat two years ago - we weren't huge fans of the leasing idea, but the payments were pretty cheap and ee were planning to purchase the car at the end of the lease anyway. We have since decided that we want a slightly bigger car, a crossover. We are now 8 months away from the end of the lease, and we've already gone over the alotted miles. We would like to get out of the lease and finance a crossover, but when I spoke with VW today I was told that they will charge us for prorated miles. i.e. they would calculate how many miles we would have when the lease is up and charge us for that. (on a side note, does that sound like something car companies do? I don't have the contract in front of me but I'm definitely going to be reading it through when I get home.)
My question is, is there a way around this? The plan we had was to roll the rest of the eight payments into the financing of our new car, thinking that this would at least save us the miles overage payment. Now that we know we're going to be paying for the miles regardless of when we turn it in, we kind of feel our only option is to take the car through the lease, pay the overages then, and move on to financing.
Any advice as to how we can avoid the above scenario?
Sep 26, 2008 (9:23 am)
You posted this quite a while a go, but hopefully this can help someone else in the similar situation.
I'd call VW and find out what the current buyout would be on your passat; the amount they would need to release the title to you. Once you have that number, treat it as if that's a loan payoff, see what you could get as a trade in, or see if you could sell it for at least that amount. Mileage penalties won't apply because you won't be giving the car back to VW. Even if you trade in and owe a little more than the buyout, it might still be a better deal than rolling in 8 lease payments and paying mileage fees.
#444 of 493 How to effectively shop for a car....
Nov 07, 2008 (8:16 am)
1) Narrow down your choices befroe you come in. Basically, get a clue befroe you decide on driving inventory and asking professional salesmen for their time. When you are asked if you are looking for a car or an SUV....have an answer. A shrug of the shoulderasor an "I don't know" isn't an answer a grown up human being would respond with.
2) When you walk on the lot don't act surprised that a salesmen is asking if you need assistance. It's their job. And if you object to salesmen then come out to the dealer on Sunday (in illinois we are closed on Sunday). You will have all the time in the world to "look" at cars. Or better yet...you could always go to the mall and check out cars there. It's a perfect place, great selection, no salespeople etc etc.
3) Only 3 test drives per person. No exceptions. And if you want to drive 3 on a saturday then you gotta buy something.
4) So you didn't buy a vehicle and you think it's OK to not respond to the salesperson when he calls to follow up.That's a no-no. You drove 4 cars on a busy saturday and asked about different trim levels, accessories, and a wide variety of buying questions. You didn't buy and that's OK...I can live with it. But when I call you back you think it's cute to NOT respond. It's not cute. I don't care if you don't want to buy but TELL ME so I can take you off my list.
These are just a couple of tips I wanted to share as a sales person. I will come back later and share some more.
#446 of 493 What is th best deal out there for a compact - midsized car
Dec 22, 2008 (1:32 pm)
With these trying economic times, what are the phenomenal deals on new or slightly used cars that really stand out as values. Are there deals on American cars inlight of their financial troubles? Or are there an overabundance of fuel efficient cars that are not selling because of the drop in gas prices and recession.
#448 of 493 Looking for honest dealer in Indianapolis or Bloomington IN
Jan 08, 2009 (8:45 am)
Any recommendation on honest dealers or dealers to avoid will be appreciated.
#449 of 493 Re: Looking for honest dealer in Indianapolis or Bloomington IN [Stole]
Jan 08, 2009 (10:18 am)
You may find Dealer Ratings and Reviews helpful.
SUVs and Smart Shopper
#450 of 493 Re: Smart Shopper - Suggest a topic of discussion [Sylvia]
Apr 15, 2009 (2:24 pm)
I can't seem to find where I would post a discussion about shipping cars? More specifically, whether, because I'm moving from NY to CA, I should buy in NY and ship to Cali, or buy in Cali over the phone before I get there. The hitch is that I need the car immediately once I get there (well, within a few days). Any ideas where to post?