My payoff is 4K. The balloon is 11K. And I'm over the mileage by 61,000 miles...
2006-10-23 10:29:05 · 7 answers · asked by kris.dewitt 1 in Business & Finance ➔ Personal Finance
Yes.
The morel to this story is always read and understand any contract before you sign it.
2006-10-23 10:31:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
quite! they are going to take much less. It happens. The leasing companies do negotiate on the hire buyouts. i'm particular they are going to on ur Buick, yet you will could wait till it quite is extraordinarily much up(approximately 2 months is a sturdy start up). That residual is barely a calculated wager on what they think of the motor vehicle would be worth on the top of the hire. you may enable em off elementary at some hundred.
2016-10-16 07:48:55 · answer #2 · answered by leong 4 · 0⤊ 0⤋
Well, what does your lease contract say? Sounds like yes, you are responsible for all of the above. Next vehicle, consider whether leasing really makes sense for you if you put on that many miles.
2006-10-23 10:50:21 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
yes, ... if you can do it, offer to buy the car, the worse they can say is no. Look up the value in the "blue" book & evaluate it
against your current cost of 4K + 11K + mileage. With luck,
they may be willing to sell it at value.
2006-10-23 12:29:43 · answer #4 · answered by rpf5 7 · 0⤊ 0⤋
Wow! You are really in for it! I think it is 15 cents a mile
2006-10-23 10:31:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes you are, leasing is dumb. You pay all that money and what do you have to show for it? A huge debt. Congrats.
2006-10-23 10:31:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Hate to say it, but yes.
2006-10-23 10:30:29 · answer #7 · answered by infernal_seamonkey 4 · 0⤊ 0⤋