I will be way over my miles on my lease vehicle when the lease is over. People have told me to go to the dealership now and trade it in, but I know it is not this simple. Please give me your insightful opinion. 29 months left out of 60months. Only have 10,000 mile left? I really would like to hear from people who have been through this?????
When I graduated from college I was talked into this...it sounded great but not knowing I was going to get a job with alot of in car travel!! The unexpected
2007-07-12 07:18:44 · 1 answers · asked by ready 2 in Business & Finance ➔ Personal Finance
Do you have a guaranteed buy out price at the end of the lease ? If you do and it's reasonable, drive the car as you are and prepare to buy it out from the lease company at the termination of the lease. You can also offer an 'early buy out' at the current time. See what the lease company offers. Either way, you're going to be MUCH better off than turning in that car at lease end with a huge overage of miles. The penalty will be horrific. Best to handle this now, before it gets to that point.
2007-07-12 07:24:52 · answer #1 · answered by acermill 7 · 0⤊ 0⤋