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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: jessiekha (Mar 30, 2009 12:43 am) When I ended mine, I did not have any early termination fee. Just had to pay remaining payments plus the turn-in fee. Your problem, of course, is that you have 9 months left and only 2k miles to go. Not a good situation. |
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 I leasing a 2007 mazda 3 and my lease is ending a two months. I called mazda credit and asked if I could keep my car at the end of lease and finance it. They informed me that my lease contract had no such option. I have to go back to dealer for that. Does that make any sense??????? Has anyone ever heard of this?????I certainly never have. Please inform me on what to do cuz I know if I go to dealer, they are gonna scam me somehow on top of all the mileage fees, tires, and other things.
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Replying to: zeeman1229 (Apr 09, 2009 9:34 am) You do have to go to your dealer to buy out the lease. |
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Hi everyone.... I could really use some guidance here. I have a 2007 Lexus RX350 whose lease will expire next month. I was just involved in a fairly significant car accident last month, and although my car was fixed, it did sustain rear-end frame damage. I have very low miles, and there is absolutely nothing else wrong with the car. Does anyone have ANY idea how much Lexus is going to hit me for "excess wear and tear" due to the frame damage? I am really stressing out about this. I appreciate any feedback. Thanks
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Replying to: beau516 (May 02, 2009 2:35 pm) tidester, host SUVs and Smart Shopper
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Replying to: tidester (May 02, 2009 7:30 pm) So, do you think I won't get dinged too badly?
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Replying to: beau516 (May 03, 2009 7:09 am) Lease companies don't get to collect on "diminished value", because one of their vehicles has been in an accident. As long as it was properly repaired, then you turn in the keys and go your merry way. One of the advantages of leasing.. 
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Replying to: kyfdx (May 03, 2009 8:17 am) You have taken a HUGE burden off of me. I did also call Lexus (anonymously) and asked them the same question, and they basically confirmed what you said. Thanks so much. |
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Replying to: qbrozen (Mar 13, 2009 8:47 am) I think with being so close to the end, I’m getting antsy to get into something new, but also trying to test my patience so I don’t roll payments into my next purchase.
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Replying to: psumommyof2 (May 07, 2009 11:20 am) There is always a way to justify switching NOW. For instance, how much are the miles costing you right now? Say, for instance, you have a $400 payment plus $200 in excess miles each month. That's like having a $600 payment. In which case, depending on what you are looking to get into, rolling the remaining $1600 might not seem like such a bad idea. If you wait, you are still paying $1600 PLUS another $800 in miles. Of course, there are huge holes in this argument. It just depends on how much you want to convince yourself. 
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Smart Shopper Lease Termination Fees and other costs
