# Lease Questions **URL:** \ **Category:** Vendor Marketplace\ **Created:** [January 9, 2014, 8:05am UTC](https://forums.speedlife.net/t/lease-questions/234480 "2014-01-09T08:05:03Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [January 10, 2014, 7:22am UTC](https://forums.speedlife.net/t/lease-questions/234480/21 "2014-01-10T07:22:43Z")
Its looking like her buy out would be more than the car is worth. Shes just gonna have to stick it out for a while unless she wants to put up some money. ---
**Author:** ![Jam](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jam/32/7235_2.png) [@Jam](https://forums.speedlife.net/u/Jam)\ **Post date:** [January 10, 2014, 7:25am UTC](https://forums.speedlife.net/t/lease-questions/234480/22 "2014-01-10T07:25:23Z")
Leasing is a great idea if you have money to burn, and have a need to perpetually drive a new car ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [January 10, 2014, 7:39am UTC](https://forums.speedlife.net/t/lease-questions/234480/23 "2014-01-10T07:39:34Z")
I’d start it on fire, possibly next to someone’s house you hate. ---
**Author:** ![superfan99](https://avatars.discourse-cdn.com/v4/letter/s/96bed5/32.png) [@superfan99](https://forums.speedlife.net/u/superfan99)\ **Post date:** [January 10, 2014, 7:55am UTC](https://forums.speedlife.net/t/lease-questions/234480/24 "2014-01-10T07:55:05Z")
> [@ultradriver10000](#): > > I’d start it on fire, possibly next to someone’s house you hate. That’s probably the most reasonable way to handle something like this. 2 birds with one stone and all that. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [January 10, 2014, 8:06am UTC](https://forums.speedlife.net/t/lease-questions/234480/25 "2014-01-10T08:06:13Z")
> [@LUKE\_L](#): > > Yes. Most people forget at the end of the lease there is still money “owed” if you decide not to roll it into another lease. Where are you getting this? Lots of people I know lease, I’ve done it once and I’ve never heard of random “owed money” at lease end. You sign a contract and pay X per month for Y months and you’re allowed Z miles. As long as you don’t damage the vehicle beyond the pre-described normal wear and tear allowed or go over the miles at the end of the lease you walk away. In my case I hit the Ranger with some red color match watch to help cover up any little scratches, threw the shittiest 4 tires walmart had for sale on it, and dropped off the keys. A week later I drove to Detroit and came home with my Expedition. The only money you “owe” is if you want to keep the vehicle, at which point you pay the amount you and the dealership agreed the vehicle would be worth when you started the lease and you keep it. I have seen people get into trouble owing a lot of money at lease end because they went over on mileage though. However it wouldn’t surprise me if some shady dealers had found a new way to sell cars people can’t afford by offering them a really low monthly lease payment with some balloon payment due at the end. “Oh, you mean I can get this BMW for $200 a month, sign me up! Something about crippling balloon payment in 3 years? I’ll worry about that in 3 years because I’m baller and drive a BMW now!”. ---
**Author:** ![LUKE\_L](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luke_l/32/7462_2.png) [@LUKE\_L](https://forums.speedlife.net/u/LUKE_L)\ **Post date:** [January 10, 2014, 9:44am UTC](https://forums.speedlife.net/t/lease-questions/234480/26 "2014-01-10T09:44:09Z")
> [@JayS](#): > > Where are you getting this? Lots of people I know lease, I’ve done it once and I’ve never heard of random “owed money” at lease end. The money isn’t “owed”…I’m stating that if at the end of your lease you decide to keep the car because you don’t want to get tied up in another new lease or be without a car you essentially have to buy the car. There is a “buyout” to end your lease early but that does not give you ownership of the car. That only removes you from the loan…am I right or not even close? I could be wrong. How do you go from having a leased vehicle at dealer 1 and then buying a car at dealer 2? Other than perfect timing you better hope to have another means of transportation during the transition period. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 10, 2014, 9:56am UTC](https://forums.speedlife.net/t/lease-questions/234480/27 "2014-01-10T09:56:08Z")
Buy car at dealer 2 a few days before lease end. Turn in your lease there if they’re the same make, or if not just have two cars for a few days and then drop off the lease. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [January 10, 2014, 10:01am UTC](https://forums.speedlife.net/t/lease-questions/234480/28 "2014-01-10T10:01:18Z")
> [@LUKE\_L](#): > > How do you go from having a leased vehicle at dealer 1 and then buying a car at dealer 2? Other than perfect timing you better hope to have another means of transportation during the transition period. Or you buy the new car just before your lease expires? It’s not like you don’t know when the lease it up. If you’re not interested in buying the vehicle you’ve been leasing you start shopping before the lease expires. Maybe you end up with an overlap where you have 2 cars for a couple weeks but so what? ---
**Author:** ![LUKE\_L](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luke_l/32/7462_2.png) [@LUKE\_L](https://forums.speedlife.net/u/LUKE_L)\ **Post date:** [January 10, 2014, 12:50pm UTC](https://forums.speedlife.net/t/lease-questions/234480/29 "2014-01-10T12:50:50Z")
That is a very valid point. You’re right. It doesn’t matter to overlap. Thanks Jay. Sorry to derail the thread from the OP. ---
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [January 10, 2014, 1:00pm UTC](https://forums.speedlife.net/t/lease-questions/234480/30 "2014-01-10T13:00:15Z")
More info the better. ---
**Author:** ![LUKE\_L](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luke_l/32/7462_2.png) [@LUKE\_L](https://forums.speedlife.net/u/LUKE_L)\ **Post date:** [January 10, 2014, 1:08pm UTC](https://forums.speedlife.net/t/lease-questions/234480/31 "2014-01-10T13:08:34Z")
Good luck getting her squared away…I’ll report back with her situation how it was handled. Should be March time frame. ---
**Author:** ![MR.TWOSINISTER](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mr.twosinister/32/6198_2.png) [@MR.TWOSINISTER](https://forums.speedlife.net/u/MR.TWOSINISTER)\ **Post date:** [January 11, 2014, 9:50am UTC](https://forums.speedlife.net/t/lease-questions/234480/32 "2014-01-11T09:50:59Z")
Just take a car on a test drive from the turn in delaership to drive over and buy a car at a different dealer ---
**Author:** ![Minglor](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/minglor/32/7373_2.png) [@Minglor](https://forums.speedlife.net/u/Minglor)\ **Post date:** [January 12, 2014, 8:31am UTC](https://forums.speedlife.net/t/lease-questions/234480/33 "2014-01-12T08:31:03Z")
Long term rentals are fun. ---
**Author:** ![evane](https://avatars.discourse-cdn.com/v4/letter/e/6bbea6/32.png) [@evane](https://forums.speedlife.net/u/evane)\ **Post date:** [January 20, 2014, 9:52pm UTC](https://forums.speedlife.net/t/lease-questions/234480/34 "2014-01-20T21:52:10Z")
> [@JayS](#): > > Where are you getting this? Lots of people I know lease, I’ve done it once and I’ve never heard of random “owed money” at lease end. You sign a contract and pay X per month for Y months and you’re allowed Z miles. As long as you don’t damage the vehicle beyond the pre-described normal wear and tear allowed or go over the miles at the end of the lease you walk away. In my case I hit the Ranger with some red color match watch to help cover up any little scratches, threw the shittiest 4 tires walmart had for sale on it, and dropped off the keys. A week later I drove to Detroit and came home with my Expedition. The only money you “owe” is if you want to keep the vehicle, at which point you pay the amount you and the dealership agreed the vehicle would be worth when you started the lease and you keep it. > > I have seen people get into trouble owing a lot of money at lease end because they went over on mileage though. > > However it wouldn’t surprise me if some shady dealers had found a new way to sell cars people can’t afford by offering them a really low monthly lease payment with some balloon payment due at the end. “Oh, you mean I can get this BMW for $200 a month, sign me up! Something about crippling balloon payment in 3 years? I’ll worry about that in 3 years because I’m baller and drive a BMW now!”. Most leases nowadays have a disposition fee at the end of the lease which is typically is 200-300 dollars. Beyond that the only charges you can incur are any excess damages. ---
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [July 8, 2014, 8:23am UTC](https://forums.speedlife.net/t/lease-questions/234480/35 "2014-07-08T08:23:21Z")
bump Stopped at a few dealers over the weekend to talk and look for a new Edge I was really surprised in the difference between them. All of them said ford would not by it back. Thousands down, roll in rest of payments… Town Ford was the worst, 2500 down, roll in remaining payments, and wanted $503/month to lease a Edge. Basil and West Herr were not much better. Last stop of the day was Delacy ford. This is the dealer she bought the car from. Talked to the salesman that sold her the car. Went through the details, lease up in march, wanted a Edge… He walks away for a bit then comes back with his offer. Ford buys back the lease, no money down, 3yr/36k, pick up tomorrow $383/month. So she picks up her new car today or tomorrow. Edit: Town sucked ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [July 8, 2014, 8:33am UTC](https://forums.speedlife.net/t/lease-questions/234480/36 "2014-07-08T08:33:20Z")
$503 a month lease on a edge holy shit :lol: ---
**Author:** ![captain\_morgan1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/captain_morgan1/32/5928_2.png) [@captain\_morgan1](https://forums.speedlife.net/u/captain_morgan1)\ **Post date:** [July 8, 2014, 10:33am UTC](https://forums.speedlife.net/t/lease-questions/234480/37 "2014-07-08T10:33:58Z")
I hope im wrong and dont want to burst your bubble but thats a $6820 difference between Towne and Delacy between the difference in payments/cash down. I hope it all goes as planned but i have a feeling something may change when you start signing the paperwork. ---
**Author:** ![cretinx](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cretinx/32/6121_2.png) [@cretinx](https://forums.speedlife.net/u/cretinx)\ **Post date:** [July 8, 2014, 10:45am UTC](https://forums.speedlife.net/t/lease-questions/234480/38 "2014-07-08T10:45:44Z")
this is great - roll debt into more debt, own nothing at the end. AMERICA ---
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [July 8, 2014, 10:59am UTC](https://forums.speedlife.net/t/lease-questions/234480/39 "2014-07-08T10:59:45Z")
woops, sorry meant town was the worst. She just picked up the car. $383/month, no hidden crap in the paper work. ---
**Author:** ![captain\_morgan1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/captain_morgan1/32/5928_2.png) [@captain\_morgan1](https://forums.speedlife.net/u/captain_morgan1)\ **Post date:** [July 8, 2014, 11:16am UTC](https://forums.speedlife.net/t/lease-questions/234480/40 "2014-07-08T11:16:25Z")
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