Need Lease Return Feedback***
03-27-11, 05:27 PM
#1
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Need Lease Return Feedback***
I have leased my 08 IS250 6speed for 3 years things have been great but im way over my miles which is at 75k but my lease is up next month i basically have the car half payed off and the payout left is 17grand and i am left with 3 options that have left me stuck on what to do.
1. Just return the car probably having to pay the overage mileage
2. Keep the car and pay it off to have some positive equity to show for myself
3. Sell the car for my payoff amount if not a bit more?
4. Trade in the car and try to get into another lexus that way they would wave the overage fees????
1. Just return the car probably having to pay the overage mileage
2. Keep the car and pay it off to have some positive equity to show for myself
3. Sell the car for my payoff amount if not a bit more?
4. Trade in the car and try to get into another lexus that way they would wave the overage fees????
03-27-11, 05:43 PM
#5
if u want that car buy the car.
if u want a new car trade it in.
you can try to sell it privately, but not havin the pink would make things more complicated. what ever you do i do not recommend turning it in over the miles. you probably had a 36k mile limit???? its like 0.25 for each mile over!
if u want a new car trade it in.
you can try to sell it privately, but not havin the pink would make things more complicated. what ever you do i do not recommend turning it in over the miles. you probably had a 36k mile limit???? its like 0.25 for each mile over!
03-27-11, 06:09 PM
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I just turned in my 09 250 over my miles basically by double. I should have been at 15,000 and I had it at 28,000 miles. They didn't dock me at all because I was leasing a more expensive car. I got them to give me the buy out value minus $500...which was added to my new car...really good deal. It was a big relief to get out of that lease. But do the smart thing and lease it within the terms that fit you this time...if you lease. Nothing feels worse than leasing or buying a car that you dont love or feel the deal wasn't right. I would trade parts with a guy on the board and trade it back in stock. Or with the parts...but they won't give you anything for them. In reality it's probably working against you. You don't want to pay a ton of money per month for a car/deal you don't like. Go to your dealer and get them to get you in a car that's best for you.
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