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Old 02-23-2006, 10:06 PM
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ashonfire
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Default Re: early termination to lease??

Originally Posted by Hattrick78
OK...I hate to admit this...but I am a certified Chrysler / Dodge /Jeep sales consultant. I know, I know...but I did come to my senses and went back to making an honest living. I know exactly what's going to happen to you. When you lease a car, the taxes and license fees (could be about 10% depending on where you live) are spread out over the term of the lease. When you buy a car, you take that loss when you leave the lot. The problem is that they will hit you for those fees on an early lease termination. The only way you'll get out of this car deal with your skin is if you pay the lease off. And even then, you'll have to just walk away from the car. If you terminate early (and even if you don't) they will try to "roll you over" into another car. They will make it all sound really good, but you will probably get ripped! You need to either accept that you're going to take a big hit, or just hang on to it and turn it back in when the lease is up. The dealers just love guys like you...and some even make a niche business of "rolling over" leases. It's big money for sure. Be VERY careful trying to get someone else to complete your lease. You could be held responsible lease payments as well as any "excessive" damage or wear (ever so small) to the car as the guaranteed residual assumes pretty much perfect condition on return.
Oh, and don't forget, "You can always buy your car after your lease, but you can never lease your car after you buy it."