Breaking a lease...
#1
Senior Member
Thread Starter
Breaking a lease...
We leased our new S600 last week and decided we would like to finance it instead. The dealer said it's a $350 fee to get out of the lease and pay it off and of course we would lose our acquisition fee of $1095. I believe the lease was through US bank.
Also, we are waiting for the payoff amount because the lease hasn't been set up in the computer yet. ???
Does all this sound right? Is it that easy to get out of the lease?
Thanks.
Also, we are waiting for the payoff amount because the lease hasn't been set up in the computer yet. ???
Does all this sound right? Is it that easy to get out of the lease?
Thanks.
#2
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Your best bet is to see if you can get them to unwind the deal. If you have to get a payoff then there will be fees and interest. Probably not going to be economical to get out at this point.
Why do you want to finance instead of lease?
Why do you want to finance instead of lease?
#4
Senior Member
Thread Starter
Tarry, sent u a PM...
One more thing, how much time can pass before the dealer will not be able to unwind the deal?
We leased it last Wed. the 12th, and called them the next day to tell them that we would like to pay it off and they have yet to give us a payoff figure.
Thanks.
One more thing, how much time can pass before the dealer will not be able to unwind the deal?
We leased it last Wed. the 12th, and called them the next day to tell them that we would like to pay it off and they have yet to give us a payoff figure.
Thanks.
#5
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Originally Posted by ///MB
Tarry, sent u a PM...
One more thing, how much time can pass before the dealer will not be able to unwind the deal?
One more thing, how much time can pass before the dealer will not be able to unwind the deal?