Last post on Oct 07, 2008 at 5:08 PM
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Lexus IS 300, Sedan
#15 of 16 Already Leased IS 250
Oct 07, 2008 (2:01 pm)
I leased an IS 250 about a month ago and have been very happy with the deal I got. I was nearing the end of the month and noticed that my payment book hadn't come in the mail yet. Then I got a call from the dealership saying that the bank would not accept the paperwork because the mileage allotment and the residual and monthly did not match up correctly. The dealership told me that there was a typo with the mileage allotment on the contract that I signed and that I need to come back in to sign a new one. They said that all the preliminary (scratch paper) paperwork noted that the negotiations were for 10k miles not more. And even though the contract I signed stated more miles, it is not a valid contract.
They want me to come back to the dealership to sign a new contract. Is my current contract valid? Or do I have to sign a new one? I've had the car for over a month and I don't want this to negatively affect me or my credit in any way. Is there anything I can ask for to offset this problem -- my deposit money back, free stuff, just renegotiate the whole contract over again?
#16 of 16 Re: Already Leased IS 250 [alize915]
Oct 07, 2008 (5:08 pm)
Hi alize915. I am sorry to hear about this annoying situation. Unfortunately I don't believe that you will be able to ignore the dealer and keep your car under the current deal. If the bank did not accept the contract then it probably is not valid and you will have to go back and sign a new one...or you can just return the car and walk away from the deal, assuming that you didn't put too much money down or that the dealer would be willing to refund the money that you paid.
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