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Car Lease Ending

Discussion in 'Questions and Answers' started by vmarcilfan75, Feb 3, 2009.

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  1. vmarcilfan75

    vmarcilfan75 blah...blah...blah... Club Member

    6,826
    2,350
    113
    Dec 13, 2007
    City Of Angels
    i never leased before and its coming to an end in 2 months.
    Any tips on what i should expect? Once i send in the final payment can i trade it in to any dealership?


    Thanks in Advance
     
  2. mor911

    mor911 pooping

    6,150
    4,013
    113
    Nov 25, 2007
    Austin, TX
    Is it a lease or a loan?? On a lease you need to return it to the place you leased it from. They'll inspect it TO DEATH and charge you for any over use or damage. This includes nicks, dents, mileage, and tires. Usually the dealer has a lease-to-own program in which case, you can buy out the remaining value of the car. This isn't a bad idea if you like the car and you've taken good care of it.

    If it's an auto loan, then after your last payment, you own it. You can do whatever the hell you want with it.
     
    vmarcilfan75 likes this.
  3. Sethdaddy8

    Sethdaddy8 Well-Known Member

    13,006
    6,368
    113
    Dec 6, 2007
    NJ
    I've had very fair assessments after leases. they've been fair with regular wear and tear and nicks. is your mileage over?
     
    vmarcilfan75 likes this.
  4. vmarcilfan75

    vmarcilfan75 blah...blah...blah... Club Member

    6,826
    2,350
    113
    Dec 13, 2007
    City Of Angels
    No its a lease. I thought about the buy-out but i think i want a car instead of the Tundra I have.



    im well under the Mileage. i have almost 41k and its a 2004.
     

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