Lease return help

andre12031948 · 12-06-2013, 03:22 PM

Quote:

Originally Posted by Amj2020

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.

andre12031948 · 12-06-2013, 03:27 PM

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

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

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

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

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

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

shawnski · 12-06-2013, 05:34 PM

Quote:

Originally Posted by andre12031948

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

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

yes sir..

andre12031948 · 12-06-2013, 05:38 PM

Quote:

Originally Posted by shawnski

yes sir..

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

Quote:

Originally Posted by Amj2020

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?

andre12031948 · 12-06-2013, 08:01 PM

I'm home with nothing to do.

andre12031948 · 12-06-2013, 08:08 PM

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

Quote:

Originally Posted by Amj2020

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

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

12-06-2013, 03:27 PM	#17 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	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!!! Last edited by andre12031948; 12-06-2013 at 03:30 PM.

12-06-2013, 08:01 PM	#26 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	don't be shy It's raining ice tonight I'm home with nothing to do.

12-06-2013, 08:08 PM	#27 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	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?

12-07-2013, 10:55 AM	#30 (permalink)
sofaonasock Base Member Join Date: Apr 2009 Location: Bay Area, CA Posts: 116 Drives: 09 370Z Touring, M6 Rep Power: 16	Lease disposition fee if you return the vehicle. Triple check your contract when you signed it DEpointfive0 likes this. __________________ 09 370Z Sports Touring 6MT

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12-06-2013, 07:27 PM	#24 (permalink)
Amj2020 Enthusiast Member Join Date: Mar 2012 Location: NY/LI Posts: 393 Drives: MB Z,Jeep,BMW Rep Power: 13	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...