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Smart Shopper Lease Termination Fees and other costs
1039 messages, Last post on Dec 03, 2009 at 10:15 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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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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Replying to: volvomax (Nov 03, 2008 10:02 am)
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Replying to: knorgaard (Nov 04, 2008 2:28 pm) Hang in there! |
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I returned my leased Honda Odyssey in June 2007, and bought a new Odyssey. Since I terminated the lease and did not have the leased vehicle on July 1, 2007, I do not owe property tax on the vehicle (WV tax code) this year. Honda Finance sends a list of leased vehicles to the State. which then sends them tax bills for each vehicle. My vehicle was reported as still being leased onJuly 1, 2007, so Honda got a tax bill and paid it. Now they are trying to make me pay the bill. I have proven I did not have the vehicle, but they keep on trying. Any advice?
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