Cory
San Antonio,#2Consumer Suggestion
Mon, November 22, 2004
My experience with leases. Leased a 2001 F-150 from Jordon Ford for 36 months. At 30 months I took it in to see about trading it(had 24k mi on it) in on a new vehicle. They wouldn't talk to me. Got PO'd gave it to my wife who drives 100 mi per day. She had it for 2 months and put 5k more miles on it. 2 months later, with 32 months on the lease, 4 months to go on the lease, they starting calling me and sending me letters, wanting to discuss my OPTIONS. Went in to talk to them. These were my options. Trade it in on a new one and GIVE them a check for the remaining $1,800. Trade it in on a new one and put the $1,800 remaining on the lease on new vehicle. Drive the truck for the last 4 months. At this point the truck had 29k miles on it. I told them that since they weren't interested two months ago, I'd drive the truck the who 36 months and if I were short miles, had up to 36k, I'd drive it around just to put extra miles on it. I gave it back to the with 35,750 miles on it. The following week I went to Bluebonnet and they told me that since I was in a RCO lease I had an automatic $1,000 coming back that Jordon FORGOT to mention, and they'd wipe out the other $800. So watch out for these leases.
Bob
Albuquerque,#3Consumer Comment
Sun, November 21, 2004
This is why car dealers love leasing cars. They get higher price on the front-end of the deal and at the back-end of the deal. There may be some reasons for leasing but a 98% general rule is - never lease. Jackie's case is a perfect example of why not to.