question about turning in a lease

Thread Tools
 
Search this Thread
 
Old 03-15-2004, 10:45 AM
  #1  
Racer
Thread Starter
 
nmbcatch21's Avatar
 
Join Date: Aug 2002
Location: Miami
Posts: 328
Likes: 0
Received 0 Likes on 0 Posts
question about turning in a lease

I have a 2003 NBP TL-S and i got it in August of 2002. I have about 16 months left on my lease and I am 9000 miles under what I should be.
I have some questions.
1) Can I turn in my lease early to Acura, if so, will I have to pay a penalty??
2) If i have to pay a penalty will they lower it since i am so far under my mileage??
Old 03-15-2004, 10:55 AM
  #2  
Houses Won't Depreciate?
 
zamo's Avatar
 
Join Date: Feb 2003
Location: Weston, FL
Posts: 6,238
Likes: 0
Received 0 Likes on 0 Posts
1) You will need to have the dealer buy the car and payoff the amount you owe. If they pay you lees than the payoff amount then you are ending upside down; that differce are the "penalties" you are talking about.

2) Mileage will be taken into account when the dealer purchases the car.
Old 03-15-2004, 10:59 AM
  #3  
Someday pigs WILL fly!
 
gto2050's Avatar
 
Join Date: Nov 2000
Location: Pequannock, NJ USA
Posts: 3,320
Likes: 0
Received 0 Likes on 0 Posts
I turned in mine with a lot of mileage under the allotted amount. The dealer said thank you very much. No $$ for me. As Zamo says......
Old 03-15-2004, 11:19 AM
  #4  
Homeless
 
chef chris's Avatar
 
Join Date: Feb 2003
Location: Northern DEL-A-Where?
Age: 51
Posts: 9,210
Likes: 0
Received 0 Likes on 0 Posts
Originally posted by zamo
1) You will need to have the dealer buy the car and payoff the amount you owe. If they pay you lees than the payoff amount then you are ending upside down; that differce are the "penalties" you are talking about.

2) Mileage will be taken into account when the dealer purchases the car.
Agreed.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Evil Teo
3G MDX (2014-2020)
14
08-16-2020 04:29 AM
BlkTxAcuraTypeS
Member Cars for Sale
3
10-18-2015 08:05 PM
asahrts
Member Cars for Sale
0
09-04-2015 05:55 PM
pizokk1
5G TLX (2015-2020)
2
08-31-2015 09:20 PM



Quick Reply: question about turning in a lease



All times are GMT -5. The time now is 11:38 AM.