Wh's the best way to turn in a leased car so they know you dont want another?

[lotsofmiles]

The wifes lease is finally done on her Jag X-type (aka: that piece of crap) in Aug.

What is the best way to return it to the Jag dealer so that they know for sure that we are not keeping it, dont want another, and still get our security deposit back?


Any ideas?



This could be fun...

 

[malibu795]

really distatsfull attitude

 

[Blueox03]

Take it muddin on the way to the dealer.....

 

[cdbright]

bring it in on a trailer and tell them you are scared to drive it without a tech in the passenger seat

 

[05' Ditry Duramax]

Drop it off with a note in the seat giving them your address so they can send you a check for the deposit.

 

[othrgrl]

Cheese wiz in the vents right before you take it in. They'll have a fun time selling it with that smell a couple weeks later.

Seriously though just simply telling them that you were completely dis-satisfied throughout the lease period and will never deal with them again should do the trick.

 

[Mike L.]

I suggest you bring the car back in perfect shape or you will pay dearly. body needs to look good, tires better be in good shape. Remember the dealer is probably going to wholesale this thing off and if the market is soft you will pay the difference from what they can get for it and what is owed.

 

[bullfrogjohnson]

I suggest you bring the car back in perfect shape or you will pay dearly. body needs to look good, tires better be in good shape. Remember the dealer is probably going to wholesale this thing off and if the market is soft you will pay the difference from what they can get for it and what is owed.

X2

 

[Blueox03]

If he's turning it in at the end of the lease, as he stated in the first post, he shouldn't own anything unless it's damaged or over mileage.

 

[Mike L.]

If he's turning it in at the end of the lease, as he stated in the first post, he shouldn't own anything unless it's damaged or over mileage.

But he will. The residual is only estimated at the time of lease signing. The market changes and if the car is not worth as much as estimated the customer pays the difference. I have been leasing cars for the last 25 years and know this to be fact.

 

[lotsofmiles]

But he will. The residual is only estimated at the time of lease signing. The market changes and if the car is not worth as much as estimated the customer pays the difference. I have been leasing cars for the last 25 years and know this to be fact.

if thats true we are majorlly screwed!!

The thing books at 4-5K right now I think. Dont know if residual is the same as the amount to buy it at the end which is $11,000ish

wife better re-read the lease.

 

[Mike L.]

Good luck.

 

[Vrabel]

take it over to detroit, and let ins take it from there

 

[Blueox03]

But he will. The residual is only estimated at the time of lease signing. The market changes and if the car is not worth as much as estimated the customer pays the difference. I have been leasing cars for the last 25 years and know this to be fact.

Wow, that's the first I've heard of that....and I was a car salesman in VA and MS...Whenever people turned in/traded a lease they had fixed amounts clearly stated in the lease contract...I've seen lobster at market price, but never a lease car....must be a Cali thing or they just saw you coming... either way, it's a ridiculous rip off....

 

[lotsofmiles]

Whatever way it goes, I'm not going to be the one to break the news of that possibility to the wife!


Hmmmm, no cliffs big enough to drive it off around here

Maybe I'll be "working" on turn in day, have her mom take her.

 

[BudTX]

Read your lease agreement. Hopefully it clearly states the agreed upon residual value, and is not subject to a market fluctuation. Assuming that the residual is clearly stated and is not fluid, follow the advice that Mike L. gives about the condition of the car.

Good luck.

 

[WanaDmaxsub]

I suggest you bring the car back in perfect shape or you will pay dearly. body needs to look good, tires better be in good shape. Remember the dealer is probably going to wholesale this thing off and if the market is soft you will pay the difference from what they can get for it and what is owed.

But he will. The residual is only estimated at the time of lease signing. The market changes and if the car is not worth as much as estimated the customer pays the difference. I have been leasing cars for the last 25 years and know this to be fact.

X2

X3...a month after you turn the car back into them they will send you a letter...the car sold for XX, it 's valued at XXX, you owe us X

Luckly in my case we bought a new car when we turned in the lease and part of the deal was that we owed nothing on the lease, no mater what they got for it. Other wise it would have cost us about $1200. They still tried to collect until I reminded them about the agreement.

 

[lotsofmiles]

:rofl:

 

[fajitatone]

When I turned in my BMW, I called the leasing company and asked them what to do because I did not want to deal with the dealershit. They told me to take the car to the lease return person, stand quietly while they inspect the car, sign the paperwork and leave. Several weeks later, I received a check for the balance they owed me because I came in under miles. Even with some minor scratches they said would need repainting, I got 4 grand back.

Good luck.

 

[maine04max]

i always wondered how they offered these wicked low leases. It must be the market price in the end deal that makes it work for the dealer . What do they care what u pay in payments in the 36 months they will just tack it on in the return . sounds like a real chitty way to sell cars .
craig