You are here: Forums Smart Shopper Lease Termination Fees and other costs

Lease Termination Fees and other costs

1039 messages,  Last post on Dec 03, 2009 at 10:15 AM

You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester

What is this discussion about? Car Leasing

Messages Page 105 of 105 1 ... 99 100 101 102 103 104 105 Prev Next Last

Go To Msg # Search This Discussion

#1032 of 1039 Re: Help getting out of Honda lease [qbrozen] by cinweed2 Nov 10, 2009 (3:05 pm)
Replying to: qbrozen (Nov 10, 2009 1:03 pm) Yes, I have had it for 30 months,or 2 1/2 years, and have less than 13,000 miles on it. I dont drive that much, 14 miles to work and back, one short trip and Wal-Mart is less than a mile. Thanks for the help, I will check out the real world trade in value. Replies to this message: qbrozen (Nov 11, 2009 10:16 am)
#1033 of 1039 Re: Help getting out of Honda lease [cinweed2] by qbrozen Nov 11, 2009 (10:16 am)
Replying to: cinweed2 (Nov 10, 2009 3:05 pm) Yikes. Well, as you now know, leasing is NOT for you. You are paying for miles you aren't using.
#1034 of 1039 Acquisition Fee? by nolafilm Nov 16, 2009 (3:36 pm)
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?   Replies to this message: jwilliams2 (Nov 16, 2009 4:13 pm) nolafilm (Nov 16, 2009 11:23 pm)
#1035 of 1039 Re: Acquisition Fee? [nolafilm] by jwilliams2 Nov 16, 2009 (4:13 pm)
Replying to: nolafilm (Nov 16, 2009 3:36 pm) The Acquisition fee is charged by Honda, the leasing company. To my knowledge, all leasing companys charge an acquisition fee.   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. Replies to this message: nolafilm (Nov 16, 2009 11:23 pm)
#1036 of 1039 Re: Acquisition Fee? [jwilliams2] by nolafilm Nov 16, 2009 (11:23 pm)
Replying to: jwilliams2 (Nov 16, 2009 4:13 pm) Thanks so much. I was really hoping you'd say that - I like my dealer a lot and was bummed at the thought of them not being straight with me on this. My inclination was to say, no - I want the price we agreed upon to include the acquisition fee, but your response and the other info i found seems to indicate that that fee is unavoidable, and just part of the cost of leasing.   thanks again!
#1037 of 1039 Re: Help getting out of Honda lease [cinweed2] by tifighter Nov 17, 2009 (4:11 pm)
Replying to: cinweed2 (Nov 10, 2009 11:24 am) A 66 month lease. Learn something new everyday...
#1038 of 1039 Mercedes Lease - what do you think of the wear-and-tear protection plan? by justjill3 Nov 19, 2009 (9:34 am)
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
#1039 of 1039 2 End-of-Lease Questions by nlkleinberg Dec 03, 2009 (10:15 am)
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.

Messages Page 105 of 105 1 ... 99 100 101 102 103 104 105 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Smart Shopper Lease Termination Fees and other costs