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Lease Termination Fees and other costs

1038 messages, Last post on Nov 19, 2009 at 9:34 AM
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Replying to: tony5oh (Jul 07, 2009 12:02 pm) Call GMAC to set it up. |
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I have a 2006 Saab Leased from GMAC for 39 months . my lease will be up in november 2009. I am supposed to clock 39K miles but did only 25.5K until now. Do you guys think I can turn in the car early and get some concessions ? Who should I contact , Dealer or GMAC ?
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Replying to: radioative2006 (Jul 12, 2009 4:19 pm) IF you had bought extra miles up front beyond the standard limits and didn't use them then you would be entitled to a refund. |
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Hi Folks - Because I'm not a car leasing expert and not so good with numbers and such, I thought I'd post here for some opinions/assistance. My 2007 Honda Odyssey (base model) lease is coming to an end. My maturity date is 10/21/09. I am trying to decide what my best option will be for when lease is up. I'm not sure if I should buy, hand it back and walk away, or what ever other options might be available. If I need to share more info, please let me know. The current payoff amount is $16822. The residual value on the lease agreement is $15481. I am over mileage, I had a 15000/yr and am presently at 46500. I don't have another car to drive, so the over mileage will continue till I decide what I'm going to do next. I would like to get my payments back down to something more reasonable, whatever option I choose. These lease payments are killing me, I was so foolish in my younger days..anyways, any help would be greatly appreciated.
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Replying to: psumommyof2 (Jul 16, 2009 6:10 pm) tidester, host SUVs and Smart Shopper |
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Replying to: psumommyof2 (Jul 16, 2009 6:10 pm) My only reservation is your comment about the lease payments killing you. I doubt that the loan payments will be any less. Perhaps you should look at a smaller, cheaper to run vehicle? |
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My Audi Q7 lease ends in 2 months. I was recently rear ended by a truck. Very slow speed, small dent near the license plate. Other driver said he would pay for the repair. I got 2 local body shop estimates ($800 and $850) and sent to him. He sent me a check and we're good. My question: if I turn in the car as is, will Audi gouge me on the repair? Can the pre-inspection tell me how much my cost would be? Is that binding? Bottom line for me, if Audi will charge me the same as my local body shop, I would rather just turn it in and not deal with the hassle of repair.
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Replying to: rbirns1 (Jul 17, 2009 7:08 am) I have an A4 that had a tiny dent (smaller than a dime) and the inspector wrote the cost to be $55 on my inspection report. That's pretty competitive to what most mobile dent repair outfits charge. If you do your inspection early you'll get the estimate. From there, see if it would be cheaper to let Audi handle it or to do it on your own.
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Replying to: taun (Jul 17, 2009 9:12 am) |
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