If I have a lease with 12,000/yr and I only use, say, 8,000- will I get anything back at the end of my lease for staying under the miles?, since the car at that point will be worth more to the dealer than if I used all 12,000 miles?
2007-03-12 14:02:55 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
No. You don't get any refund on the low milege.
How do i know? cuz i work in a dealer.
= )
2007-03-12 14:20:37 · answer #1 · answered by ATL NOOB 2 · 0⤊ 0⤋
No, you cannot get money back....however, Im not sure what kind of car you have, but I just ended a 4 yr lease on a 2003 civic, the pay off was only 9,502 so I charged it & bought the car, I know I can sell the car for at least 13,500 especially because I have after market things done to it & it has low miles...not as low as yours though! lol but that is also an option, look at the money I am going to make & for nothing! Look up the kelley blue book price & see if it would be worth you doing the same thing.....GOOD LUCK!
go to www.kbb.com
2007-03-12 22:52:13 · answer #2 · answered by MANDEE 3 · 0⤊ 0⤋
All I know 100% is that if you go over the miles allowed you're going to paying a lot for those miles.
I doubt you'll get money back. The companies wouldn't be profiting off that.
But read your contract, I suppose it all depends where you lease from
Honestly though don't expect money back.
however if you are under the miles try to bargain for your next lease to be cheaper since you don't use all the miles...be a hard bidder and stand your ground!
I think you deserve a type of reward if you keep the car in good condition and stay under the miles allowed, etc.
2007-03-12 21:13:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would venture to say no but read your contract as it may have a clause that rewards you for that. It's pretty much the rule that you never get back what you put into it. If you like the car buy it outright as it maybe worth more then the buy-out price and then trade it in or sell it and reap your rewards for being under on your miles. Good luck
2007-03-12 21:09:40 · answer #4 · answered by pizzaboy 1 · 0⤊ 0⤋
No, but you would have the option of buying it at the pay-out on the lease, and selling it for more than you paid, assuming you also took care of it so it was worth more than the pay-out.
2007-03-12 21:07:26 · answer #5 · answered by Fred C 7 · 0⤊ 0⤋
No money back! And no, the car will never be worth more than your purchase option at lease end, even if you never drive it!
2007-03-12 23:42:55 · answer #6 · answered by justcurious 6 · 0⤊ 2⤋
no they will not give you nothing for the miles that just means they can sell the car for more money after you return it.
2007-03-12 21:06:59 · answer #7 · answered by mike73 2 · 0⤊ 0⤋
no
2007-03-12 23:51:08 · answer #8 · answered by bill b 5 · 0⤊ 0⤋