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Lease Termination Fees and other costs

1032 messages,  Last post on Nov 10, 2009 at 3:05 PM

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#10 of 1032 RE: car man by ksurg by dtownfb Feb 27, 2004 (9:27 pm)
If you have to pay the lease payments for the Audi, why not just keep it until the end of the lease? You only have 6 months left. The BMW 745 will still be there in July.
#11 of 1032 Dtownfb .. by rroyce10 Feb 28, 2004 (1:25 pm)
....... Good point, it's not like anyone is beating a path to buy the new "7", it might even be the same one sitting there with a nice rebate in the trunk ..........                        Terry.
#12 of 1032 ? Damage allowance - Acura MDX-T '01 by BOBPUT Apr 07, 2004 (12:38 pm)
I would like to know what "damage allowance" may apply by American Honda- I've seen $1500, 1200 & 500 on various postings, but don't find anything specific in my 3/01 lease (42mo). Over mileage by 7-8K --do they always stick to the 15c/mile in the lease, if vehicle is worth more than the residual? Anything to negotiate anywhere? All else equal, leasing an '04 or '05 would please my wife.
#13 of 1032 Bobput by atlgaxt Apr 08, 2004 (1:45 pm)
With the high resale values on the MDX, I would buy it and sell it or trade it. I'm not sure about the damage allowance, but they will probably try to stick it to you for the mileage. I think some of these factors used to be more negotiable upon a trade in, but it seems they have been getting pretty tough lately.   I bought a car two months before my last lease was up. I tried to make the last payment and give it back. They did not want it until the lease was up. I was right at my mileage limit, so I had to park the stupid thing and pay insurance for two months. It made no sense to me. They said if I brought it in early, they would take it to auction and I would have to pay the difference between that and residual, which probably would have been thousands (I guess I did OK leasing their in the big picture - they took a big hit on the bad residual). But their policies at the end are ridiculous. Replies to this message: BOBPUT (Apr 10, 2004 1:35 pm)
#14 of 1032 Re: Bobput [atlgaxt #13] by BOBPUT Apr 10, 2004 (1:35 pm)
Replying to: atlgaxt (Apr 08, 2004 1:45 pm) Thanks for the response--What was your leasing co?--That's what I'm trying to get a feel for--sorry yours was so inflexible-before the MDX I leased 2 Windstars thru Ford, & couldn't complain-- there "damage allowance" seemed weird: $250 allowed on each quarter of the exterior! but still would like to know AHFC Honda policy and $. WORST thing is Lease says will only tranfer MDX directly to MY name--so I guess the sales tax on residual price would have to be paid by me, and then again by any buyer-- unless I become a licensed dealer--Any way around this??? Thanks
#15 of 1032 ALSO-Does Honda extend easily? by BOBPUT Apr 11, 2004 (10:54 am)
I also forgot to ask if AHFC does extensions--since my lease is up Sep 3, if I wanted to trade into a 2005 model, a 2-4 mo extention might be good-Ford did this for me more or less automatically.
#16 of 1032 Re: ALSO-Does Honda extend easily? by Car_man HOST Apr 12, 2004 (3:44 am)
Hi BOBPUT. AHFC does extend its leases for a few months for consumers who wish to. Place a call directly to AHFC and they will tell you exactly how to do so.   Car_man Host Smart Shoppers / FWI Message Boards
#17 of 1032 Bobput by atlgaxt Apr 12, 2004 (6:06 am)
I was leasing through Provident Bank. They gave me a good overall deal (there were no special or subsidized deals from the manufacturer at the time I did it), but I guess because it was a bank and not a car company, they were less flexible at the end.   Upon inspection, they noted minor damage on our car and the fact that it had been wrecked and fixed. The wreck was not our fault and was paid for by the other insurance company, and the inspector claimed it was not fixed right. I thought I was going to be in for a fight, but then they just waived all the damage that the inspector identified.   Typically leases will extend beyond expiration on a month to month basis on the same basic terms, but you would have to look at your contract to see the exact language. Sales tax varies by state to state. I believe in Georgia (my state), I would have had to bay taxes to buy the car, but there are no taxes on private party sales. I am not sure how your state operates. Sorry I can't help more, but issues such as your original lease contract and the laws of the state you are in will control your specific circumstances. I used to do OK leasing, but in the last few years I have been doing to much driving, so I am back to buying.
#18 of 1032 Lease Trading Services by gari Jun 25, 2004 (4:21 pm)
Hello!   I've got a 2003 Nissan Xterra with 19 months left on the lease. I'm moving back to NYC from Cali. and don't really need the vehicle. I've looked into the lease trading sites and was wondering if anyone has had any experience - good or bad, with them? I know that I'm still on the lease even if I transfer. All of the lease trading services offer an "insurance plan". What I'd like to know is: are these plans really reliable? does anyone have a success story?? ANY info would be helpful!!   Thank you.
#19 of 1032 Transmission problem 2 months before lease is due by norminez Jun 26, 2004 (5:01 pm)
Our lease will be due in early September. We leased our 2001 Honda Civic for my 18 year old son's birthday as a new vehicle. We have a predicament: we just found out that my our 2001 Honda Civic will need a transmission which will cost at least $1,000. The car never gave us a visual warning/indicator that something was wrong. Could this be a defect? According to the CARFAX report, the last odometer reading was reported on 12/2/02. However, we have been taking the car for tune-ups and maintenance service at the Honda Dealer on a consistent basis. Is Honda Repair Service supposed to report this to the CARFAX? CARFAX also estimates that the Honda "has 4 months or 10,349 miles remaining on the basic warranty which provides bumper-to-bumper coverage." Is transmission problems part of the basic warranty?      In addition, my son was in a minor accident. In 2002, a few days before his 18th birthday, the car was hit on the left back side by an uninsured and unlicensed motorist. Three estimates indicated an average cost of over $3,000 to repair the damage. Unfortunately due to our bad judgment, my husband and I were the only insured drivers and my two teen-aged sons were excluded due to high insurance rates. Can you give us advice in dealing with these problems since the lease will be due in September?

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