1999-2009 [Subscribe to Daily Digest] |
 | [Main 95 Bulletin Board | BBFAQ |
Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Inspection report....$350 is legit.....vs a buy.... Posted by Mike Lynch [Email]  (#81) [Profile/Gallery]
(more from Mike Lynch) on Thu, 10 Jan 2008 10:41:31
In Reply to: lease return..., Indiana Saab, Wed, 9 Jan 2008 12:20:51 Members do not see ads below this line. - Help Keep This Site Online - Signup |
You should have gotten a written computer estimate from the lease company when the car was turned in. Let's put it this way, a lease inspector inspected the car and measured the tires and put it in the inspection report, a pretty objective standard that's available in writing. Ask for the report. I believe the actual standard is 4/32nds, make sure that's the one they're using and not the 6/32nds CPO standard.
Once you have that in hand you can argue with the lease company, I assume SFSC and not GMAC. You've got a good chance of prevailing, depending on the inspection report. So you might have $300 coming back.
Disposition fee is SOP for almost all lease companies and comes into play when the car is returned to the lease company. The fee is waived if you trade it or sell it or buy it or otherwise dispose of it, if the leasing company gets it back, presumably because the residual doesn't meet the wholesale value, which is actually a good thing for you even in light of the $350 fee.
With a low/LOW mileage car you shoulda' investigated the market for the car to find out if a turn in was your best option. Likely it still would have been, but sometimes there can be equity.
Regardless, if you had put the same cash in and financed for 60 months you'd be cryin' even bigger tears by being way more than $500 upside down and you woulda' had much bigger payments along the way too. We can estimate that if you don't believe me.
, Thu, 10 Jan 2008 10:41:31 <-- Viewing This Message, Thu, 10 Jan 2008 10:46:02
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
 |
 |
 |
 |
 |
