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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: JayManCpa (May 14, 2009 6:14 pm) You will be charged for any damage to the car,so you might want to get that fixed prior to turn in.
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Replying to: volvomax (May 15, 2009 7:58 am) I know 400 to save 1,000 does not make sense. But the 1,000 is spread out over 39 mos. If the new lease payments fit into my budget it might make sense.
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Replying to: JayManCpa (May 14, 2009 6:14 pm) Before you lease another vehicle, ask yourself should you be leasing a vehicle? The low payment may be nice but the situation you are in now tells me that maybe buying is the better option for you. |
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Replying to: JayManCpa (May 15, 2009 10:05 am) Getting an estimate is a very good idea. |
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Help!!! We are at the end of a 5 year lease on a Chrysler Pacifica(would never do it again). The leasing company's inspector gave the car raving reviews and recommended no penalty charges for wear and tear. Now with 2 weeks before turn in we received a letter advising that we should buy the car to avoid a charge we will be responsible for regarding alleged "frame damage". The car was in an accident where the rear quarter panel was replaced. The repairing dealer stated that there was "no frame damage". Leasing company is claiming quarter panel replacement, which is immaculate, from factory and unable to detect by looking at it, substantially diminishes the cars value and we will be responsible for the difference between market value and what they sell it for. What can we do? Lease states "I also recognize that if the vehicle has suffered frame damage or substantial other damage, even though the damage may have been repaired, the value of the vehicle will be substantially less than the value of an identical vehicle which has not had frame damage or suffered other damage." Any assistance would be greatly appreciated. Thank you! |
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Replying to: tmjohnson39 (Jun 15, 2009 10:12 am) good luck ,
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Replying to: tmjohnson39 (Jun 15, 2009 10:12 am) I have never seen a contract that can penalize you for having an accident. If it IS in the contract, you might be SOL. Probably gonna have to get a lawyer.
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Replying to: volvomax (Jun 16, 2009 11:04 am)
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Replying to: gbosley (Jun 15, 2009 10:27 am) |
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Replying to: tmjohnson39 (Jun 17, 2009 8:01 pm) Lease from a national bank or captive finance co. |
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Smart Shopper Lease Termination Fees and other costs
