Help! I need your advice on my leasing situation

1081 Views 13 Replies 5 Participants Last post by pocketkiller, Oct 11, 2004

masboy

Discussion Starter · Oct 8, 2004

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

Discussion Starter · #3 · Oct 8, 2004

thanks for the quick reply, Acura604.

Can we sell it privately ? I thought we should come back to the dealer again by the end of the lease and they will do some check w/ the car ? no ?

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masboy

Discussion Starter · #8 · Oct 8, 2004

hm that's interesting. Anyway, the buyout for my tsx is around 17K, but it looks like the mileage could be more than 40K by then.

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masboy

Discussion Starter · #13 · Oct 8, 2004

larchmont said:
OH!!! In that case, never mind!

My stuff was assuming you meant U.S.

masboy -- Are your figures CDN too?

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 ?

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