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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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#961 of 1038 Re: Help with Getting out of a very! new lease [musthavemy350z] by sebring95 Feb 09, 2009 (5:15 am)
Replying to: musthavemy350z (Feb 08, 2009 9:31 pm) No need for pics.....the emotional part will not change the facts of the situation. It certainly wouldn't hurt to beg and plead at the dealer, that would probably be my first shot. Did you put anything down on the Accord lease? The other option is to see if you can find someone to assume the lease. However, I have heard (never confirmed) that Honda does not allow for lease transfers. That leaves selling as the final option, but I imagine that will be quite expensive. Someone is going to want a good deal sweetner to pickup a "used" Accord.
#962 of 1038 Re: Help with Getting out of a very! new lease [musthavemy350z] by qbrozen Feb 09, 2009 (8:27 am)
Replying to: musthavemy350z (Feb 08, 2009 9:31 pm) what sebring has heard is correct. Honda does not allow lease transfers UNLESS under special circumstances, such as death. And it would need to be proven.   You are stuck unless you want to cough up a large amount of dough, which would be much more expensive than if you had just gone with the higher payment to begin with.
#963 of 1038 End of lease - Turning in C-class by nicos Feb 23, 2009 (9:55 am)
Hi all, I am going to turn in my C-class (2006) after the 36 month lease is up. There are some scratches here and there. How is their policy with paying for damage when turning in the car? How do I find out I have to pay for some damage? I would like to get my costs to a minimum, so if I can have it fixed (paint job or whatever) and save some instead of paying a lot after turning in, I would do it.    Hope you can help me out with these questions! Thanks a lot. Replies to this message: volvomax (Feb 24, 2009 9:28 am) nicos (Feb 24, 2009 9:36 am)
#964 of 1038 Re: End of lease - Turning in C-class [nicos] by volvomax Feb 24, 2009 (9:28 am)
Replying to: nicos (Feb 23, 2009 9:55 am) most lenders have pre-term inspections. I'd call your lease co and find out if they do. That way, you would know what your liability is prior to returning the car. Replies to this message: nicos (Feb 24, 2009 9:36 am)
#965 of 1038 Re: End of lease - Turning in C-class [volvomax] by nicos Feb 24, 2009 (9:36 am)
Replying to: volvomax (Feb 24, 2009 9:28 am) Good point, I will do just that.   Thanks for your help!
#966 of 1038 Make Payments on Lease Return by nbennett88 Feb 25, 2009 (11:23 am)
Replying to: houston_man (Jan 30, 2009 2:06 pm) Here's the situation: I have a leased truck that is 50% through its lease but only has 1500 miles left on the lease. I need to return it instead of it sitting around for a year and a half. The payoff is around $4000 if I return it before March 19th.   My question is this: If I return it, do I have to make the $4000 payment in one lump sum or can it be paid monthly? Anyone have any idea? Replies to this message: volvomax (Feb 25, 2009 2:41 pm)
#967 of 1038 Re: Make Payments on Lease Return [nbennett88] by volvomax Feb 25, 2009 (2:41 pm)
Replying to: nbennett88 (Feb 25, 2009 11:23 am) Lump sum.
#968 of 1038 Suggestions please by nrechtman Feb 25, 2009 (8:47 pm)
Replying to: qbrozen (Sep 17, 2008 7:32 am) The lease on my 2006 Lexus RX 330 is ending in a few days, as we all know the prospect of leasing another vehicle without paying hundreds more a month is going to be slim, I am already 2000 miles over my limit but have been driving less each month since I changed jobs.   I've been trying to get into another similar vehicle but the dealers aren't dealing and I don't want to go into a 2009 when the 2010's are here now. So here are my choices, extend the lease for up to 6 months, I get 1250 miles per month since I had a 3 year, 15,000 miles per year lease and hope the dealers want to deal on the 2010 RX then, or buy the car now for $23,900, or even buy it in 6 months when my extension is up if nothing turns around in the leasing business for $21,000 Replies to this message: volvomax (Feb 26, 2009 7:17 am) kyfdx (Feb 26, 2009 8:42 am) greeneyespsu (Mar 12, 2009 3:19 am)
#969 of 1038 Re: Suggestions please [nrechtman] by volvomax Feb 26, 2009 (7:17 am)
Replying to: nrechtman (Feb 25, 2009 8:47 pm) I think the days of cheap leases are pretty much over. Dealers may not have the ability to "deal" on a new car. Plus, Lexus dealers generally don't give away a new model anyhow. They don't need to. I'd look at other brands and see what's out there. If you really must have a Lexus, it might not be a bad idea to extend your lease and see what happens in the future.
#970 of 1038 Re: Suggestions please [nrechtman] by kyfdx HOST Feb 26, 2009 (8:42 am)
Replying to: nrechtman (Feb 25, 2009 8:47 pm) I agree with volvomax.. extending your lease for six months is a good option, especially if you have a low lease payment, and you may use less than the new allowance, saving on overage charges...   But, isn't your warranty over at 50K miles? You'll be driving without a warranty for the last 3 months.... Also, do you have tires that might wear out between now and then? An extra $800 for tires would make that extension pretty pricy..   If you take the extension, can you end it at any time? If so, you might find something else before you get out of warranty.   Take everything into account... you might find that getting something else will be better in the long run (though I can't think of any great lease deals on crossovers, right now).   regards, kyfdx

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