What would ATOT Do - Car Debt Question

[amdhunter]

Originally posted by: spacejamz

Originally posted by: amdhunter
Also, I tried to get out of a lease early to buy another car...but returning the car early, EVEN if you pay the entire amount you owe, can ruin your credit + allows the dealership to tack on huge fees.

My dreams of an S5 or a fully loaded 135 are a year away for me.

EDIT: If you are willing to give VW back the car anyway, why not pay off the lease agreement and hold the car until its time to return? You'd have one less bill to worry about.

calling SHENS on that...how can your credit get ruined if you pay back everything you owe??? that doesn't make sense...

what kinda of car were trying to turn back in? I had no problems turning in my 05 Acura TL lease 10 months early for 08 Accord Coupe last year...my credit did not get ruined and they did not tack on huge fees...

Really? I tried to get rid of my GLi a few months ago, and I was told that I'd be breaking the lease terms + I'd have to pay additional fees. Also, I had very low miles on the car...only 5800/45000 miles used.

I guess the dealer tried to screw me? I really want to get into something I really want while I am young-ish and capable of paying.

 

[amdhunter]

Originally posted by: spacejamz

Originally posted by: amdhunter
Also, I tried to get out of a lease early to buy another car...but returning the car early, EVEN if you pay the entire amount you owe, can ruin your credit + allows the dealership to tack on huge fees.

My dreams of an S5 or a fully loaded 135 are a year away for me.

EDIT: If you are willing to give VW back the car anyway, why not pay off the lease agreement and hold the car until its time to return? You'd have one less bill to worry about.

calling SHENS on that...how can your credit get ruined if you pay back everything you owe??? that doesn't make sense...

what kinda of car were trying to turn back in? I had no problems turning in my 05 Acura TL lease 10 months early for 08 Accord Coupe last year...my credit did not get ruined and they did not tack on huge fees...

Also. YGPM about this.

 

[dabuddha]

Originally posted by: dmw16

Originally posted by: nickbits
How much would it cost you to keep your car and pay the mileage charge at the end?

Keep the car for the rest of the lease and then trade in?

Hard to say, but figure I went 39k miles in about 20 months, so I am guessing I'll be AT LEAST 20k over when I'm done.

So on top of the remaining lease payments, trading in would cost $4000.

If your wife drives less, have her drive your car and you drive hers.

 

[spacejamz]

Originally posted by: amdhunter

Originally posted by: spacejamz

Originally posted by: amdhunter
Also, I tried to get out of a lease early to buy another car...but returning the car early, EVEN if you pay the entire amount you owe, can ruin your credit + allows the dealership to tack on huge fees.

My dreams of an S5 or a fully loaded 135 are a year away for me.

EDIT: If you are willing to give VW back the car anyway, why not pay off the lease agreement and hold the car until its time to return? You'd have one less bill to worry about.

calling SHENS on that...how can your credit get ruined if you pay back everything you owe??? that doesn't make sense...

what kinda of car were trying to turn back in? I had no problems turning in my 05 Acura TL lease 10 months early for 08 Accord Coupe last year...my credit did not get ruined and they did not tack on huge fees...

Really? I tried to get rid of my GLi a few months ago, and I was told that I'd be breaking the lease terms + I'd have to pay additional fees. Also, I had very low miles on the car...only 5800/45000 miles used.

I guess the dealer tried to screw me? I really want to get into something I really want while I am young-ish and capable of paying.

why did you do that lease in the first place? If you got into a lease you are not capable of paying, something is very wrong...

 

[TallBill]

People still lease cars?

 

[amdhunter]

Originally posted by: spacejamz

Originally posted by: amdhunter

Originally posted by: spacejamz

Originally posted by: amdhunter
Also, I tried to get out of a lease early to buy another car...but returning the car early, EVEN if you pay the entire amount you owe, can ruin your credit + allows the dealership to tack on huge fees.

My dreams of an S5 or a fully loaded 135 are a year away for me.

EDIT: If you are willing to give VW back the car anyway, why not pay off the lease agreement and hold the car until its time to return? You'd have one less bill to worry about.

calling SHENS on that...how can your credit get ruined if you pay back everything you owe??? that doesn't make sense...

what kinda of car were trying to turn back in? I had no problems turning in my 05 Acura TL lease 10 months early for 08 Accord Coupe last year...my credit did not get ruined and they did not tack on huge fees...

Really? I tried to get rid of my GLi a few months ago, and I was told that I'd be breaking the lease terms + I'd have to pay additional fees. Also, I had very low miles on the car...only 5800/45000 miles used.

I guess the dealer tried to screw me? I really want to get into something I really want while I am young-ish and capable of paying.

why did you do that lease in the first place? If you got into a lease you are not capable of paying, something is very wrong...

No. I want an Audi S5 or BMW 135. I am willing to pay off my lease so that I can free myself up to purchase another car. I am more than capable of paying for any of these.

 

[amdhunter]

Originally posted by: TallBill
People still lease cars?

Yeah, I like to change cars often. My next lease, I am going to try my best not to get stuck for 3 years, I am gonna try for 24 months.

I wish it were possible to lease cars for 1 year terms. I'd probably get an R8 or something if that were possible.

 

[CPA]

Pay your wife's car off. Then when the lease is up on the VW, turn it in and buy a beater.

BTW, this is exactly what my wife and I did in March/April. It feels awesome not to have $1300/month in car payments anymore. And it was enough, my wife could quit her job and go back to school/stay home with the kids. Something else we are both feeling awesome about.

 

[compman25]

Originally posted by: amdhunter

Originally posted by: spacejamz

Originally posted by: amdhunter
Also, I tried to get out of a lease early to buy another car...but returning the car early, EVEN if you pay the entire amount you owe, can ruin your credit + allows the dealership to tack on huge fees.

My dreams of an S5 or a fully loaded 135 are a year away for me.

EDIT: If you are willing to give VW back the car anyway, why not pay off the lease agreement and hold the car until its time to return? You'd have one less bill to worry about.

calling SHENS on that...how can your credit get ruined if you pay back everything you owe??? that doesn't make sense...

what kinda of car were trying to turn back in? I had no problems turning in my 05 Acura TL lease 10 months early for 08 Accord Coupe last year...my credit did not get ruined and they did not tack on huge fees...

Really? I tried to get rid of my GLi a few months ago, and I was told that I'd be breaking the lease terms + I'd have to pay additional fees. Also, I had very low miles on the car...only 5800/45000 miles used.

I guess the dealer tried to screw me? I really want to get into something I really want while I am young-ish and capable of paying.

I traded in a leased car 1 yr early and actually made money, dealer didn't care that it was a lease and I didn't have any penalties for paying it off early.

 

[spacejamz]

Originally posted by: TallBill
People still lease cars?

and they even still rent apartments too!!!!

 

[amdhunter]

Originally posted by: compman25

Originally posted by: amdhunter

Originally posted by: spacejamz

Originally posted by: amdhunter
Also, I tried to get out of a lease early to buy another car...but returning the car early, EVEN if you pay the entire amount you owe, can ruin your credit + allows the dealership to tack on huge fees.

My dreams of an S5 or a fully loaded 135 are a year away for me.

EDIT: If you are willing to give VW back the car anyway, why not pay off the lease agreement and hold the car until its time to return? You'd have one less bill to worry about.

calling SHENS on that...how can your credit get ruined if you pay back everything you owe??? that doesn't make sense...

what kinda of car were trying to turn back in? I had no problems turning in my 05 Acura TL lease 10 months early for 08 Accord Coupe last year...my credit did not get ruined and they did not tack on huge fees...

Really? I tried to get rid of my GLi a few months ago, and I was told that I'd be breaking the lease terms + I'd have to pay additional fees. Also, I had very low miles on the car...only 5800/45000 miles used.

I guess the dealer tried to screw me? I really want to get into something I really want while I am young-ish and capable of paying.

I traded in a leased car 1 yr early and actually made money, dealer didn't care that it was a lease and I didn't have any penalties for paying it off early.

Damn, I wonder if my low mileage has anything to do with it? They have to give me back $1k for every 10000 miles I didn't use.