Lexus Of Orlando Demand more $$ after delivery, higher money factor than quoted, lease irregularities Winter Park Florida
My friend leased a vehicle from lexus of orlando during their december to remember promotion. After about 15 days, lexus of orlando dealer started demanding additional amount .. Instead of happy in selling and getting kick backs from the lexus financials for ripping off customers with higher interest lease agreements than they are offering (in fact my friend was told 0.0025 money factor - 6% apr while the lease was made on 7% basis - as they were rushed to sign, he could not check their paperwork or computations). Later found the problem but the dealership was not willing to correct and instead start demanding more $$s.
Beware of tactics employed by Lexus of Orlando - do not let them rush you, particularly at the signing time.
Orlanfo friend reporting this ripoff for the benefit of other customers. If you are also a victim of eithe lease terms abuse or otherwise by this dealer, please send email.
Orlando friend
Orlando, Florida
U.S.A.
6 Updates & Rebuttals
Been There Done That
Ashburn,Virginia,
U.S.A.
How True
#7Consumer Comment
Fri, August 22, 2008
Leases are beneficial for businesses and owners thereof to receive some benefits for use of their vehicles in the conduct of their job. What happened is the ego-conscience individuals who decided that living in an aprtment was ok long as I drove a .
The dealers played on this and marketed the HECK out of it, but they dont tell you the downside, which is YOUR STUCK! Unless you die your stuck with the lease until the term ends cuz likely your not going to find someone "you trust" to assume that lease. I think a good portion of the negatives have already been identified.
Bottom line you friend should have read every line of the documents...I did and continue to do FOR EVERYTHING...There is no such thing as "being rushed" its YOUR money NOT theirs. I actually had a dealer comment on that and stated most would have bought just signed it all...I laughed and of course I found an error in term and rate. CAVEAT EMPTOR!
Friendly Help
Anderson,South Carolina,
U.S.A.
Jim is correct: Always avoid entering into a FLEASE.
#7Consumer Comment
Sat, August 09, 2008
People think that they understand these FLEASES, but if they really did understand these FLEASES they would have to be masochists to sign up for such one-sided deals.
Buy the car you can afford outright, preferably for cash, and after
*you have researched Consumer Reports,
*obtained the CR buyer's package,
*also researched some other resources, and
*then obtained written quotes from the GM, fleet manager, or sales manager at competing dealerships.
If you go the FLEASE route, do not complain about the severe pain you feel in your butt.
Jim
Orlando,Florida,
U.S.A.
Your Friend Got Into a FLEASE...Very Expensive Mistake!!!
#7Consumer Suggestion
Sat, August 09, 2008
Your friend could't afford to buy this car so he/she fell for the CAR FLEASE pitch. Not only that, your friend could have read the contract BEFORE signing, but chose not to. Who's fault is that???
In a CAR FLEASE...
1. You will pay exagerrated "acquistion fees" and in most cases a completely BOGUS termination fee.
2. You will pay higher car insurance than in a buy.
3. You will never own the car unless you excercise that option at the end of the FLEASE. Yet you will be expected to pay for uncovered maintenance, possibly registration, tires etc...all for a car YOU DON'T OWN! How smart is that?
4. You will need to keep track of miles you drive and pay thru the nose!
5. At FLEASE END, you will be paying for what somebody else considers excess wear and tear which is often GROSSLY EXAGERRATED!
These are only 5 points. Don't ever, ever, ever get into a CAR FLEASE! Its INDUSTRIAL STRENGTH BAD NEWS.
Jim
Orlando,Florida,
U.S.A.
Your Friend Got Into a FLEASE...Very Expensive Mistake!!!
#7Consumer Suggestion
Sat, August 09, 2008
Your friend could't afford to buy this car so he/she fell for the CAR FLEASE pitch. Not only that, your friend could have read the contract BEFORE signing, but chose not to. Who's fault is that???
In a CAR FLEASE...
1. You will pay exagerrated "acquistion fees" and in most cases a completely BOGUS termination fee.
2. You will pay higher car insurance than in a buy.
3. You will never own the car unless you excercise that option at the end of the FLEASE. Yet you will be expected to pay for uncovered maintenance, possibly registration, tires etc...all for a car YOU DON'T OWN! How smart is that?
4. You will need to keep track of miles you drive and pay thru the nose!
5. At FLEASE END, you will be paying for what somebody else considers excess wear and tear which is often GROSSLY EXAGERRATED!
These are only 5 points. Don't ever, ever, ever get into a CAR FLEASE! Its INDUSTRIAL STRENGTH BAD NEWS.
Jim
Orlando,Florida,
U.S.A.
Your Friend Got Into a FLEASE...Very Expensive Mistake!!!
#7Consumer Suggestion
Sat, August 09, 2008
Your friend could't afford to buy this car so he/she fell for the CAR FLEASE pitch. Not only that, your friend could have read the contract BEFORE signing, but chose not to. Who's fault is that???
In a CAR FLEASE...
1. You will pay exagerrated "acquistion fees" and in most cases a completely BOGUS termination fee.
2. You will pay higher car insurance than in a buy.
3. You will never own the car unless you excercise that option at the end of the FLEASE. Yet you will be expected to pay for uncovered maintenance, possibly registration, tires etc...all for a car YOU DON'T OWN! How smart is that?
4. You will need to keep track of miles you drive and pay thru the nose!
5. At FLEASE END, you will be paying for what somebody else considers excess wear and tear which is often GROSSLY EXAGERRATED!
These are only 5 points. Don't ever, ever, ever get into a CAR FLEASE! Its INDUSTRIAL STRENGTH BAD NEWS.
Jim
Orlando,Florida,
U.S.A.
Your Friend Got Into a FLEASE...Very Expensive Mistake!!!
#7Consumer Suggestion
Sat, August 09, 2008
Your friend could't afford to buy this car so he/she fell for the CAR FLEASE pitch. Not only that, your friend could have read the contract BEFORE signing, but chose not to. Who's fault is that???
In a CAR FLEASE...
1. You will pay exagerrated "acquistion fees" and in most cases a completely BOGUS termination fee.
2. You will pay higher car insurance than in a buy.
3. You will never own the car unless you excercise that option at the end of the FLEASE. Yet you will be expected to pay for uncovered maintenance, possibly registration, tires etc...all for a car YOU DON'T OWN! How smart is that?
4. You will need to keep track of miles you drive and pay thru the nose!
5. At FLEASE END, you will be paying for what somebody else considers excess wear and tear which is often GROSSLY EXAGERRATED!
These are only 5 points. Don't ever, ever, ever get into a CAR FLEASE! Its INDUSTRIAL STRENGTH BAD NEWS.