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Smart Shopper Lease Termination Fees and other costs
1038 messages, Last post on Nov 19, 2009 at 9:34 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: saablcp (Sep 22, 2008 9:51 am) Hear, hear! tidester, host SUVs and Smart Shopper
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Replying to: tidester (Sep 22, 2008 9:54 am) I'd still like to know what the "pro's" point was supposed to be. How can one end a discussion that never started? Ok. Wait. Let me try to back up here and possibly answer any unanswered questions because I hate having an unresolved conversation. Worth less because they made an improper market projection....no,thats why they buy residual value insurance. I don't understand your point. Yes, it was worth less because they made an improper market projection. The residual value insurance protects them, not me. And that's fine. However, when terminating early, it is worth what it is worth. What was your need or reasons for doing this apparently on both a Chrysler and a Honda lease? On the Chrysler, as I believe I stated, we were at the mileage limit. We were going to pay the per mile fee, but happened upon a great deal on a replacement vehicle, so that was that. As for the Honda, I had my own reasons for terminating early. None of which were financial or rational in any way. So, again, it has no bearing on the topic.
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Replying to: qbrozen (Sep 22, 2008 10:04 am) That would be the discussion questioning age and respect neither of which have much to do with lease termination fees. tidester, host SUVs and Smart Shopper |
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Hi Everyone- I have a questions about a leased vehicle I purchased in November of 2007 from Nissan Dealership. In my contract it states that I can end early termination after 12 payments (which is 1 year) I am just wondering if i would choose to do this would be a smart move. The car has only 7700 miles on it right now and there are no body damage or accident or anything else. And also, how much would i owe to pay after returning the vehicle? Please let me know.
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Replying to: jazo82 (Sep 23, 2008 3:37 pm)
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Replying to: kirstie_h (Sep 24, 2008 7:33 am) The payments are $494.73 a months for 36 months and I had the vehicle for almost a year. Right now I owe about $26,752 and the wholesale/market value of the vehicle is about $24,000. So I would assume to take the difference between wholesal/market value and deduct what I owe and this would be the difference to get out of the lease, in this case $$2752. I guess the smartest way to go is to keep the vehicle until the lease ends and then return or either buy depending how much it would be selling during that time on the market. Please advise. |
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Hi. We turned in our Honda Pilotlast month after a 36 month lease. We leased it form US Bank. They had Datascan come out to provide an inspection to note any excessive wear and tear the day before I turned it in. After the inspection we were informed that there was no excessive wear and tear (I have the report to confirm it). Yesterday I got a bill in the mail for $800.00 for excessive wear and tear. They do not list what the charges are for. Do we have to pay this????
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Replying to: knorgaard (Nov 02, 2008 6:47 am) Is the $800 bill just excess wear, or does it include the disposition fee? I would certainly call USB and ask for an explanation.
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