Hello, I’ve only seen people with active leases addressing early termination on here, but I have an auto leasing company (Fairlease in DFW) saying that they do 60 month leases with no early termination fees. The agent texted me that “residuals are real, and there is no early termination fee. You ca…

[image] Vulcan_Viduus: I have an auto leasing company saying that they do 60 month leases with no early termination fees. who the leasing company is matters, so what’s the mystery make? don’t ever sign a 60 month lease, ever

[image] Vulcan_Viduus: I’m wondering if this is something I need to watch out for Well, there’s this… [image] Vulcan_Viduus: residuals are real and [image] Vulcan_Viduus: or try and lower their payments Why would a residual not be real, and why would they need to contact buyer…

Wouldn’t be D&M would it? :face_with_hand_over_mouth:

[image] IAC: D&M Exactly what i was thinking. If so, [Will Smith Run GIF by MOODMAN]

Fairlease is the name of the company

[image] Vulcan_Viduus: I’m wondering if this is something I need to watch out for You need to run away, fast. [I Pity The Fool GIF by Oi] … who takes one of these.

Nothing they are saying is technically wrong, but it is all just sales tactics. Sure they will call you in 2 years and your balance will still be the RV plus the remaining 36 payments like any other lease. Maybe the car is upside down, maybe it isn’t. As they said, you have the option of selling …

Don’t know enough about them to give an opinion but if they’re anything like D&M (BHPH with a nicer building) I’d keep away.

[image] Vulcan_Viduus: I’m wondering if I’m going to get to reading the contract and see something like “only if your next lease is with us or if you payout the lease.” Any advise would be appreciated, thank you! Get a copy of the lease contract, including any addendums, before you sign anyth…

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Dealer Says No Early Termination Penalties

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IAC October 6, 2023, 4:24am 4

Wouldn’t be D&M would it?

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