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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: 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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Replying to: oliver15 (Nov 14, 2008 4:47 am) It really is your responsibility to get it done. When you lease, there are multiple paragraphs where you agree to cover any charges to Honda Finance for your car, just as if you owned it. Good luck! kyfdx |
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In February, my Toyota Tundra Lease Expires. It is a four door, V-8 with leather. I'll have 36,000 miles on it, around 3,000 less than allowance. Its condition is good to excellent. I have really enjoyed this truck, and I would keep it for the right deal. The payoff price is thousands higher than the used prices listed in Edmonds, suggesting I turn it in and buy a used one. Sounds strange. Does Toyota deal? Do they extend leases? Do they provide special financing for the purchase? The leasing rep says I have to talk to the dealer. I will, but I'd love to have some suggestions first. Thank you. Bernie
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Replying to: bcroghan (Nov 16, 2008 1:57 pm) |
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Me and my wife have a leased 06 Subaru Legacy in which she was recently involved in an accident. The other party involved was at fault and I have been working with his insurance company for repairs. The insurance company has specified that they will be using non OEM as well as "recycled" parts. We were planning on returning the vehicle at the end of the lease term in March 2010. I am concerned that we may have additional wear and tear charges billed to us when we do this (The lease agreement seems rather vague as to their wear and tear definitions). Has anyone else had to deal with a similar situation?
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