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Smart Shopper Lease Termination Fees and other costs
1039 messages, Last post on Dec 03, 2009 at 10:15 AM
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Replying to: sebring95 (Nov 10, 2009 12:11 pm) BUT... just reread the post and see if might be with a bank.(??) In which case, the poster will need to check with that bank to see if they allow assumptions and/or if there are any fees/penalties involved. |
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Replying to: cinweed2 (Nov 10, 2009 11:24 am) First step for you is to head over to the Real-World Trade-In Values thread and find out what the vehicle is worth as a trade-in. That will let you know how far upside down you really are.
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Replying to: qbrozen (Nov 10, 2009 1:03 pm) Thanks for the help, I will check out the real world trade in value.
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Replying to: cinweed2 (Nov 10, 2009 3:05 pm) |
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I negotiated the price of a 2010 honda civic lx within a couple hundred dollars of Edmunds' TMV when shopping for a lease recently. when the paperwork came, i noticed a $595 acquisition fee tacked on. the dealer explained that this was a honda charge - not a dealer charge, and the payments calculated from the original negotiated price wouldn't change (because this acquisition fee had already been factored in, and wasn't something the dealer could change). So I have 2 questions here: 1. If I'm using Edmunds' TMV as a guideline when leasing a car, how should i deal with this fee? 2. is this a common, accepted dealer practice for leasing, and/or was I wronged? 
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Replying to: nolafilm (Nov 16, 2009 3:36 pm) The dealer has no choice but to include it in the lease, either paid up front, or rolled into the lease. Edmunds obviously doesn't include it in their TMV, as only leasing customers pay it. So no, you have not been wronged, and yes, everyone pays it.
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Replying to: jwilliams2 (Nov 16, 2009 4:13 pm) thanks again! |
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Replying to: cinweed2 (Nov 10, 2009 11:24 am) |
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I am going to lease a mercedes and they are offering something when I sign that is a wear-and-tear plan. It is about $900 and offers up to $5000 worth of coverage (up to $1000/incident) when I turn in the car. So if it there is tire wear or it needs new tires then that is covered up to $1000. Or if there is a ding in the side then that is covered up to $1000. That kind of coverage for 5 things. Has anyone bought into this and do you think this is worth it. Also, when would I expect to need top put new tires on the car? I am leasing it for 30,000 miles/3 yrs and I can't expect they'll be bald at that point. Any help is greatly appreciated. This is for a 2010 C-300. Thanks! Jill |
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My lease with US Bank is ending soon and I've got two questions I thought someone on these boards could help me with: 1. I bought the car from a dealer in New Jersey, signed a Lease Contract that had "US Bank" and "New Jersey Lease" printed at the top but the Car Dealer listed as lessor. I live in NYS, the car is registered in NYS and my NY address was listed under "Lessee". For purposes of perhaps having to file an arbitration claim, would this be considered leasing the car "in New Jersey" or "in New York"? 2. After hearing horror stories about US Bank I called them up to get information about the lease-end inspection and the rep told me (I'm sure I heard her correctly) that in New York (and some other states I don't recall) US Bank "doesn't do lease inspections" and "you won't get an excess wear-and-tear invoice". I SUPPOSE this could be a crafty way to throw me off-guard  but does anyone have any info to support or contradict this? I KNOW I've read of excess wear horror stories from people in NYS. Thanks in advance. |
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