So…what a disaster but some things are getting glossed over here in the terribleness of these transactions…
What happened to the 3000 DAS you paid on the first deal? Rental fee for the one day you had it?
Did you pay another 2164 DAS for the 2nd car or was that just down and you paid more than that for DAS? Basically, what checks did you write those 2 days?
What are the 4862 in fees on the 2nd car for?
PS, learn the math on how a lease comes together in the Wiki here…learn how to populate and use the LH calc there too…or put your own spreadsheet together…doing this would have saved you several thousands of dollars.
Yeah, I made a bad deal, but I’m owning it and learning from it. Mistakes are part of the process, right? Maybe you’ve never had that experience—must be nice. Or perhaps you’re out there selling courses on how to avoid every bad decision ever made? If so, sign me up, I’d love to learn from someone who’s never had a misstep. Until then, I’ll keep growing from mine, because that’s how you actually get better.
I know… they told me I can get that 4% penalty off after a certain time, around 8-12 months…
But you right.
I will try to break free from this deal on the 36mo.
Maybe I will succeed, maybe not.
Until there, learning and enjoying the car, which which is superb though!
That’s the problem with text sometimes, you may have missed the light hearted tone meant to be conveyed.
Thousands of people every day take a deal like yours and it’s legitimately what makes deals that are more balanced or an actual hard money loss for the dealer possible for others.
It’s an expensive lesson to learn today but for next time you will hopefully be equipped with the knowledge to even the playing field.
You have a 48 lease. There is no breaking free early without most likely burning thousands more up (value of car at 36 months into lease will most probably not be greater than or equal to the lease payoff then).
Just curious…you have never leased but you didn’t think once to google ‘how to lease’ or ‘how to calculate a car lease’ before entering into multiple significant dollar contracts? Did you read and understand such contracts before signing? The internet is a great tool for many many things if you use it.
Biggest mistake you made multiple times. For things to be real they need to be written in the contracts you signed. If not in there in print it isn’t going to happen.
If you really want to learn and know what happened post your lease contract for review after blotting out personal info. Those 4800 ‘fees’ which appear to not contain any taxes could have anything in there on top of additional dealer doc fees and title/reg fees.
Could dealer cancel/stop your reg and title on first car so you can get some $ back? Did you buy any insurances in the first you could cancel and get back? Did they hopefully waive your 2nd dealer doc fee?
If you really figure out what you did NOW there is still a chance for some dealer goodwill before dealer survey comes. Or a threat of a bad online review even tho most of this is on your lack of knowledge but they definitely took advantage.
No, there is a separate line for 4024 in taxes too…so that 4862 is heavy fees!
If MSRP of 76500 correct it looks like selling price was 72986 and if he is correct the 2164 down was covered by his initial 3000 DAS for 70821 and then the 4862 fees and 4024 tax paid upfront were rolled into cap…the 79222 adjusted cap doesn’t really make sense tho as I get 79707…maybe they credited him another 487 of fees from the first DAS?
If he finds MF and RV somewhere for 48 months/12K I can put a quick calc together for him to see a little more of what going on. From Edmunds it looks like base MF might be 215. RV probably around 50?
