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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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I signed a lease back in Nov. 2000 for 4 years which is due this Nov. Long story short, they cheated me and I signed the lease without understanding it, any way trying to give back the car and get couple of thousands, finally, they agreed to get back the car and will pay for remaining 3 months, but at least I want my personal property tax back and want them to address me an agreement not to charge for excess wears and tears and pay for year 2003 property tax. They might agree with some of those agreements. It is a 2001 honda accord car, 485 monthly payment, 12k/yr, 13K residual, cap cost was 27k, rent charge 9.5K, huh, shame on me. Now I want to know, what should I do? I need a car, but don't have any cash in hand, fair credit history, but stable job and last 45 months of Auto payment. I really appreciate any suggestions and good advice in this regard.
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Replying to: faizur (Jul 13, 2004 7:24 pm) |
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This is the line I have trouble with... "they cheated me and I signed the lease without understanding it.." why try to blame others for your own foolish decision? Why would you sign a financial contract without understanding what your singing?? Did they hold a gun to your head and say "sign or else?" Whatever happend to being accountable for your own actions? FISH8....some states have personal property tax on cars. Here in CT a $20K car will cost you $400-800 per year depending on your town tax rates.
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Replying to: audia8q (Jul 15, 2004 7:19 am)
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Replying to: fish8 (Jul 15, 2004 8:28 am)
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Replying to: faizur (Jul 15, 2004 5:53 pm) Also, at least in GA, you pay "property tax" whether you buy OR lease. |
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.... ** They put me on a lease saying buying and leasing is same which is not true ** If your Real Estate agent said: "buying and leasing is the same", would you still lease the property.? .. come on, lets be honest here, your blaming the dealer for "your" decision ...... Terry.
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Replying to: hospsafe (Jul 11, 2004 12:54 pm) I have now a Ford Windstar lease which ends in Jan. '05, and I got an offer from Ford to lease a new Freestar, and they will waive up to 10 remaining payments on my current lease, so no early termination fees or whatever - just go to the dealer, and ask them for the special offer (I think the name of the program is 'early bird') and that's it. Drive home with the new car. So why "guess" that Ford will not let you out of your current lease. Try to ask them, it couldn't hurt  Especially now, that due to the higher fuel prices, sales for the Expedition is dropping and Ford is desperate for sales, so you can get a good deal, maybe for even less money than your old Expedition. I'm not sure about Volkswagen, but if you want to take another VW, sometimes they will allow you to end your lease early. I know some people who got such kind of offers from them. But again, ask them. It doesn't cost you anything, except for some time on the phone (and phone charges if it isn't a 800 number Good Luck!
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Replying to: rroyce10 (Jul 16, 2004 4:08 am) If your Real Estate agent said: "buying and leasing is the same", would you still lease the property.? .. come on, lets be honest here, your blaming the dealer for "your" decision ...... Terry. They were not lying, baloon payments are purchases, not leases. The car is probably registered in Faizur's name. |
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I am looking at a first time lease .... I have a 1997 Honda Accord with 84,000, so I am not a high mileage user, but still wonder if I am making the best choice. I am looking at a 2004 VW Passat GLS for $25,274 before a down payment of $3,000. I was quoted a 4 year lease payment of $295 with 15K miles per year. Purchasing would be $430 for 5 years. Two main questions: should I consider a 3 year lease if I go the lease route (approx. $20 more), or should I stop shopping for 5 years and PURCAHSE the Passat? Thanks, Murphy
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