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Lease Termination Fees and other costs

1189 messages,  Last post on Apr 19, 2013 at 4:18 AM

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What is this discussion about? Car Leasing

Messages Page 118 of 120

#1165 of 1189 Re: BMW Lease Return [dhyun3] by dwynne

Apr 26, 2012 (8:04 am)

Replying to: dhyun3 (Apr 24, 2012 2:37 pm)
It is always cheaper to fix stuff yourself rather than paying the dealer via lease end fees. I would get whatever fixed you know needs doing prior to inspection - like the key. I have not heard or a requirement to have issues fixed by a dealer only, I can't see how they could make you do that.
 
Also consider selling your car to a dealer like Carmax or via the autotrader "trade in market place". Also, any BMW dealer or other dealer may like to buy it for their lot. As long as it is not a "turn in" then you don't have to worry about the inspection. The missing key should be replaced soon as every dealer will knock off for that. Compare the current buy out price (without tax) vs the offers you get for your 3. Anything over the buy out goes into your pocket, accept under and it comes out of your pocket. Even then you might be better of to sell at a loss than to pay high lease end fees, if you owe them.

#1166 of 1189 Re: BMW Lease Return [dhyun3] by kyfdx HOST

Apr 26, 2012 (9:19 am)

Replying to: dhyun3 (Apr 24, 2012 2:37 pm)
I've returned two vehicles to BMWFS, and never had an issue... I've always found them to be very lenient...

#1167 of 1189 Does the dealer prefer to keep a turn in? by gastrow

Aug 26, 2012 (2:24 pm)

My lease on my BMW is up next month and I called the dealer to see about buying the car. They told me I had to speak to BMW finance since "they own the car and we have nothing to do with you buying the car" . Is that correct?? And can you negotiate the residual?

#1168 of 1189 Re: Does the dealer prefer to keep a turn in? [gastrow] by lch77

Aug 26, 2012 (3:36 pm)

Replying to: gastrow (Aug 26, 2012 2:24 pm)
It varies between manufacturers.
I had a Mazda with equity but couldn't sell it to any dealer. The rules came from Ford who owns all or part of Mazda. I understand that Audi also restricts selling of its leased cars.
However, I just turned in a Subaru and instead of paying a $350 turn in fee plus the cost of a few repairs that were in excess of their allowance, I found a dealer who paid me $650.
So, first the manufacturer must allow a dealer sale (you can always buy it yourself and then sell it but then you have to pay the sales tax) and the car needs to retail for well over the buyout price.

#1169 of 1189 Re: Does the dealer prefer to keep a turn in? [gastrow] by dwynne

Aug 27, 2012 (7:59 am)

Replying to: gastrow (Aug 26, 2012 2:24 pm)
The dealer is correct. If you want to buy at something other than the current buyout price you have to talk to the lease bank. To buy or sell at the buyout price you can use any licensed dealer.
 
The way it used to work with BMW - if you turned your car in then BMW would offer it to that dealer before rolling it through the auction. BMW lesees would use this to buy their cars CPO off lease. Turn it in, have it certified, buy it back (paying buyout price, CPO fee, and dealer markup). Normally you would work with the dealership's used car manager on such a deal. Shop around BMW dealers since the amount of markup could vary.
 
Other lease banks require the car be auctioned so the turn in dealer doesn't get first dibs on the cars.
 
Most lease banks carry residual insurance to cover their turn ins, so there is no incentive to negotiate a lower price with you.

#1171 of 1189 End of lease discussions by jeffmetanna

Oct 28, 2012 (9:45 am)

Hi, I will be returning my 2010 Rogue AWD this week to the dealership. I'd like to know how much it will cost me to return the car. I know there will be a disposition fee of $400 (I think?) + any charges for excessive wear and use.
 
I think my Rogue is relatively in a good condition. The mileage is under 20k and there hasn't been any accidents or repairs. There are some minor scratches on the side, on the bumpers and on the side mirrors. Tires are in a very good condition.
 
I was thinking of giving it a good wash and taking it to a shop to recondition it before heading to the dealership for the inspection.
 
Any advices for me? And please share your experiences with me regarding this.
 
Also, during the last 3 years of lease, I only had 3 oil changes and nothing else. Would that be a problem?
 
Thanks!

#1172 of 1189 Hyundai 48 mo lease by abelanger

Oct 31, 2012 (5:25 pm)

I have leased a car for the first time. Because I could not afford the payments on new.
The first 100 miles, the ride was very rough. Took it back and they took air out of the tires. But it was still rough ride. I was told it was the tires. So I had to pay a tire dealer, Bridgestone were put on, Still rough but not as bad. It was suggested I put on Michelin, The Michelin felt like there was more rubber on the road. But the ride was still very rough. had the original tires put back Hankook. After going to several dealers. I am told the car was made to ride that way. Hyundai Customer Service said the car is made to ride stiff. I know cars , I restore antiques. Something is wrong with the suspension. Hyundai will do nothing. I am stuck with it until the end of the lease.
Very uncomfortable car to drive. It now has 6,000 miles.

#1173 of 1189 Re: Hyundai 48 mo lease [abelanger] by gabby10

Oct 31, 2012 (8:51 pm)

Replying to: abelanger (Oct 31, 2012 5:25 pm)
i had a friend that had a issue with his car not a Hyundai
 but if it is the type of tire that are self sealant to help prevent flat tire
they give you harder ride , he went through several types and finally got Michelin man , when you did test drive did you notice that type of ride
  good luck

#1174 of 1189 Re: Hyundai 48 mo lease [gabby10] by gabby10

Nov 01, 2012 (5:45 am)

Replying to: gabby10 (Oct 31, 2012 8:51 pm)
also i have heard that the tires that are able to run FLAT will give you harder or stiffer ride ,

Messages Page 118 of 120

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