Nissan 370Z Forum

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-   -   Lease return help (http://www.the370z.com/nissan-370z-general-discussions/83062-lease-return-help.html)

andre12031948 12-06-2013 03:22 PM

OH, I missed something
 
Quote:

Originally Posted by Amj2020 (Post 2598089)
man this is like getting punched in the twig and berries at the end...glad I didnt re-lease a Nissan just to be pissed at the end again...

Are there any terms in buying out a car that anyone knows? I leased the Z but I was planning on just buying it soon before the lease was over. Any hidden fees associated with that people have found out about?

Just read that you were going to buy it BEFORE the lease was over. So now just ADD the remaining payments to the amount of money I posted in the other post. :rofl2:

andre12031948 12-06-2013 03:27 PM

Good news! Really!!
 
There most likely is something in the lease that allows/won't charge you for some wear & tear costs.

Then again if you buy your lease car, the car can be in little pieces & the manufacturer WON'T charge you for the damage. NOT ONE PENNY!!! :) Honest!!!

shawnski 12-06-2013 04:23 PM

Quote:

Originally Posted by andre12031948 (Post 2598164)
You're a bit wrong. HE paid the taxes when he leased but it was for ONLY the amount of time of the lease. When he buys the rest of the car, he will pay taxes AGAIN but it will be for only the current cost of the car or you can say for the rest of the car.

Good part is that the money will go to a good cause, THE GOVERNMENT!!! :) square.


You only pay tax and title fees for amount of your current pay off .. Another option u have is to trade the car and get something else just like if you financed the car.
It does not hurt to see what your car worth of you trade it in, might have equity, no equity but save on tax , the worse case you are upside down.

andre12031948 12-06-2013 04:37 PM

Quote:

Originally Posted by shawnski (Post 2598233)
You only pay tax and title fees for amount of your current pay off .. Another option u have is to trade the car and get something else just like if you financed the car.
It does not hurt to see what your car worth of you trade it in, might have equity, no equity but save on tax , the worse case you are upside down.

When I said "you're a bit wrong" was because you sounded like he didn't pay sales taxes when he leased.

Now I don't understand what you mean by "no equity but save tax" ???? I don't understand that either.

shawnski 12-06-2013 05:12 PM

Quote:

Originally Posted by andre12031948 (Post 2598245)
When I said "you're a bit wrong" was because you sounded like he didn't pay sales taxes when he leased.

Now I don't understand what you mean by "no equity but save tax" ???? I don't understand that either.

when you lease a car you pay taxes and license, reg. fees like if you finance a car.
the residual dollars set by nissan the day you lease a car, that number calculates as residual percentage times your msrp of the car, that number is fixed and that would be your payoff number at the end of lease term, if you return the car back that number has no meaning except you have to pay for damages to the car, over on miles, and disposition fee( he needs to look at his contract)
if you decided to buy the car cash or finance at the end of lease contract, that residual dollar is the one you work on + tax and title fees.
if you want to trade the car for something else the same number you used to calculate the pay off.( residual dollar)
one of the biggest purpose of lease is that it keeps you monthly payment lower, you can drive more luxury cars for more affordable payments.

andre12031948 12-06-2013 05:22 PM

Quote:

Originally Posted by shawnski (Post 2598285)
when you lease a car you pay taxes and license, reg. fees like if you finance a car.
the residual dollars set by nissan the day you lease a car, that number calculates as residual percentage times your msrp of the car, that number is fixed and that would be your payoff number at the end of lease term, if you return the car back that number has no meaning except you have to pay for damages to the car, over on miles, and dispostion fee( he needs to look at his contract)
if you decided to buy the car cash or finance at the end of lease contract, that residual dollar is the one you work on + tax and title fees.
if you want to trade the car for something else the same number you use to calculate the pay off.
one of the biggest purpose of lease is that it keeps you monthly payment lower, you can drive more luxury cars for more affordable payments.

All that is correct. The only thing I didn't understand & thought you didn't understand were the statements I pointed to(tax references). So I'll just leave it at that those statements just happened. Many times it happened to me to :tiphat:

I'm assuming you understood everything I posted as well.

shawnski 12-06-2013 05:34 PM

Quote:

Originally Posted by andre12031948 (Post 2598293)
All that is correct. The only thing I didn't understand & thought you didn't understand were the statements I pointed to(tax references). So I'll just leave it at that those statements just happened. Many times it happened to me to :tiphat:

I'm assuming you understood everything I posted as well.


yes sir..:tup:

andre12031948 12-06-2013 05:38 PM

Quote:

Originally Posted by shawnski (Post 2598301)
yes sir..:tup:

Carry on. ;)

Amj2020 12-06-2013 07:27 PM

Well thanks for all the input... I do know enough about leasing but I figured it out...
its called the 'disposition fee' and its centered right in the middle of the contract but no where does it show that its due to not being put into another Nissan product. Im going to fight it anyway. So this is something others can look at and learn from.

Andre this was only for my maxima not the Z I know the terms of the Z and I think I got a great deal...its a 12 and has a 23k residual and I only have 1500 or so miles on it ...thanks for all your input...

andre12031948 12-06-2013 07:47 PM

You leased a Maxima & a 370Z ????
 
Quote:

Originally Posted by Amj2020 (Post 2598432)
Well thanks for all the input... I do know enough about leasing but I figured it out...
its called the 'disposition fee' and its centered right in the middle of the contract but no where does it show that its due to not being put into another Nissan product. Im going to fight it anyway. So this is something others can look at and learn from.

Andre this was only for my maxima not the Z I know the terms of the Z and I think I got a great deal...its a 12 and has a 23k residual and I only have 1500 or so miles on it ...thanks for all your input...

Are you serious???

So can you clear this up? You're thinking of buying the z & returning the Maxima? :icon14:

andre12031948 12-06-2013 08:01 PM

don't be shy It's raining ice tonight
 
I'm home with nothing to do.

andre12031948 12-06-2013 08:08 PM

I had very serious brain trauma recently, STILL
 
I can't go this SLOW!!! What's the story???? When is your z with low mileage & $23k residual due?

andre12031948 12-06-2013 08:24 PM

He's gone-someone help out
 
Quote:

Originally Posted by Amj2020 (Post 2598432)
Well thanks for all the input... I do know enough about leasing but I figured it out...
its called the 'disposition fee' and its centered right in the middle of the contract but no where does it show that its due to not being put into another Nissan product. Im going to fight it anyway. So this is something others can look at and learn from.

Andre this was only for my maxima not the Z I know the terms of the Z and I think I got a great deal...its a 12 and has a 23k residual and I only have 1500 or so miles on it ...thanks for all your input...

He got a great lease deal he says. Spent a few thousand bucks on taxes/fees & payments to drive 1,500 miles. Is it me????

Elan 12-07-2013 04:43 AM

Quote:

Originally Posted by kenchan (Post 2597794)
this reminds me of that f-ked up sport shop where you post a bad review, they charge you 3500. lol

Do tell!

sofaonasock 12-07-2013 10:55 AM

Lease disposition fee if you return the vehicle. Triple check your contract when you signed it


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