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Help! I need your advice on my leasing situation

1081 Views 13 Replies 5 Participants Last post by  pocketkiller
I leased my TSX on Augst 2003. When I started to lease it, I never thought I would have a job 40 miles from my home, that means I spend at least 80 miles/day for going to work. Now my mileage is 18K already, which is not looking good based on the leasing agreement ( max 12K / yr ).

I lease this car for 3 yrs, so the max mileage I could spend is 36K. Now...if everything going alright in my work place, I might spend a lot more than 36K by the end of the leasing period. That means I will definitely exceed the max mileage, and I should pay around 15cent / mileage.

After calculating the mileage, I might end up paying another $5K :(

Please, I need some advices how to avoid paying $5K for nothing. Is it possible to 'BUY' this car now ? Which means change the agreement paper stuff. Any advice would be appreciated!!!


Thanks a bunch !


Kenneth
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masboy said:
I leased my TSX on Augst 2003. When I started to lease it, I never thought I would have a job 40 miles from my home, that means I spend at least 80 miles/day for going to work. Now my mileage is 18K already, which is not looking good based on the leasing agreement ( max 12K / yr ).

I lease this car for 3 yrs, so the max mileage I could spend is 36K. Now...if everything going alright in my work place, I might spend a lot more than 36K by the end of the leasing period. That means I will definitely exceed the max mileage, and I should pay around 15cent / mileage.

After calculating the mileage, I might end up paying another $5K :(

Please, I need some advices how to avoid paying $5K for nothing. Is it possible to 'BUY' this car now ? Which means change the agreement paper stuff. Any advice would be appreciated!!!


Thanks a bunch !


Kenneth
NEW SUGGESTION
I'm not sure if this is completely possible but my parents did this in the past.

Terminate your lease early by purchasing a new car from the dealer. The only way you can get out of your lease is buy it out, or trade in your car, and lease or buy a new car from the same dealer...05s TSX sound pretty good?
masboy said:
ahh ...in Canada. Never mind. I'm in USA (Orange County, Calif)


pocketkiller : thanks for the idea, that will work. So..it should be a NEW car ?
Hmmm, well I would think so, but I guess it is up to the dealer. Perhaps if the dealer also has a used car lot, and they will allow you to terminate the lease and purchase a used car then it would be OK too. It all depends on the dealership and what they will allow.
1 - 2 of 14 Posts
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