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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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What is this discussion about? Car Leasing


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#30 of 1038
Re: My leasing rip off story -- what to do now [faizur] by fish8
Jul 14, 2004 (4:23 am)
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Replying to: faizur (Jul 13, 2004 7:24 pm)

I am having trouble following your post. Why are you asking them to pay your property tax? What does that have to do with the car lease? Also, why would the lease company sign something stating that they will waive excess wear and tear charges? Why not just give the car back and be done with it?
#31 of 1038
there is more to this by audia8q
Jul 15, 2004 (7:19 am)
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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.
#32 of 1038
Re: there is more to this [audia8q] by fish8
Jul 15, 2004 (8:28 am)
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Replying to: audia8q (Jul 15, 2004 7:19 am)

Here in Ga, we have a similar tax...called ad velorum tax. But, my confusion was why would he/she expect the dealer or manufacturer to pay for the tax on the car? That is one's personal responsibility to pay if they own or lease a car.
#33 of 1038
Re: there is more to this [fish8] by faizur
Jul 15, 2004 (5:53 pm)
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Replying to: fish8 (Jul 15, 2004 8:28 am)

They put me on a lease saying buying and leasing is same which is not true. That's why I need the Property tax back which I shouldn't pay if I purchase the vehicle what I was intended at that time.
#34 of 1038
Re: there is more to this [faizur] by fish8
Jul 16, 2004 (3:30 am)
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Replying to: faizur (Jul 15, 2004 5:53 pm)

It is very unfortunate, but that is not the dealers fault, it is the purchaser's. It is their responsiblity to research and make sure they understand all contracts prior to signing. Here in GA, a salsman can say ANYTHING (lies) to get you to buy the car and it is not illegal.
 
Also, at least in GA, you pay "property tax" whether you buy OR lease.
#35 of 1038
Faizur ......... by rroyce10
Jul 16, 2004 (4:08 am)
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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.
#36 of 1038
Re: Early Term [hospsafe] by samnoe
Jul 18, 2004 (7:50 pm)
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Replying to: hospsafe (Jul 11, 2004 12:54 pm)

Hi hospsafe,
 
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!
#37 of 1038
Re: Faizur ......... [rroyce10] by blueiedgod
Jul 23, 2004 (7:42 am)
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Replying to: rroyce10 (Jul 16, 2004 4:08 am)

** 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.

 
They were not lying, baloon payments are purchases, not leases. The car is probably registered in Faizur's name.
#38 of 1038
To Lease or Not by cats
Jul 25, 2004 (7:04 pm)
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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
#39 of 1038
Re: To Lease or Not [cats] by fish8
Jul 26, 2004 (3:54 am)
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Replying to: cats (Jul 25, 2004 7:04 pm)

What are the options on the Passat you are looking at? That sounds like a very HIGH price for a Passat GLS. I just leased a '04 with automatic for $21,900 ($1,000 under Invoice). $3000 Down payment on a leased vehicle is NOT a good idea. If you are buying the car, that is one thing. But, you should not put that much money down on a leased vehicle. There are incentives out now on Passats that you can take advantage of. Just look in Edmunds under rebates and incentives.
 
Shop around and oyu will get a better deal.

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