Acura RSX Lease Questions - READ ONLY

68 messages, Last post on Feb 29, 2008 at 1:30 PM

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What is this discussion about? Acura RSX, Car Leasing, Coupe

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#67 of 68 Car man...2 quick questions by mrfurious214 Feb 24, 2008 (5:11 pm)
Replying to: jsicolo (Mar 09, 2006 6:05 pm) 1. I got a lease in May 2006 on a 2006 Acura RSX Type-S. I put $1300 down and my payments are $305 per month (including tax) for 36 months with 15k miles per year. Was this a good deal? 2. I have not put as many miles on my car as I thought I would be. Currently I have just under 24,000 miles. I will prob only be driving 750 miles per month going forward which will put me severley under the 45k I pay for. How does this affect me when my lease is up? Will I be able to get this equity out of the car being that it will be worth more than what it would be if I used all 45k? Or will I just lose this all since it's leased? Please explain how that will work. Replies to this message: gforce11 (Feb 29, 2008 1:30 pm)
#68 of 68 Re: Car man...2 quick questions [mrfurious214] by gforce11 Feb 29, 2008 (1:30 pm)
Replying to: mrfurious214 (Feb 24, 2008 5:11 pm) This won't affect your lease, they will not reimburse you for the miles that you haven't driven. The only way to get some equity for the car is to sell it. You probably will have to buy it from the leasing bank first, then sell. Trading it in will effectively destroy any equity you had on the car.

#67 of 68: Car man...2 quick questions by mrfurious214; Feb 24, 2008 (5:11 pm)

Replying to: jsicolo (Mar 09, 2006 6:05 pm)

1. I got a lease in May 2006 on a 2006 Acura RSX Type-S. I put $1300 down and my payments are $305 per month (including tax) for 36 months with 15k miles per year. Was this a good deal?

2. I have not put as many miles on my car as I thought I would be. Currently I have just under 24,000 miles. I will prob only be driving 750 miles per month going forward which will put me severley under the 45k I pay for. How does this affect me when my lease is up? Will I be able to get this equity out of the car being that it will be worth more than what it would be if I used all 45k? Or will I just lose this all since it's leased? Please explain how that will work.

gforce11 (Feb 29, 2008 1:30 pm)

#68 of 68: Re: Car man...2 quick questions [mrfurious214] by gforce11; Feb 29, 2008 (1:30 pm)

Replying to: mrfurious214 (Feb 24, 2008 5:11 pm)

This won't affect your lease, they will not reimburse you for the miles that you haven't driven. The only way to get some equity for the car is to sell it. You probably will have to buy it from the leasing bank first, then sell. Trading it in will effectively destroy any equity you had on the car.