So what does GM Financial have to do with a Hyundai lease that was done through US Bank? Is that even a thing? I had no idea that they even worked with Hyundai dealers.
He traded in a Bolt for the Kona
I traded in the EUV for the Hyundai.
The Hyundai dealer did some shady stuff, including mishandling the trade-in.
It was suggested to get GM involved with the hope of getting the lease reversed.
That was a dead end and now Iām seeing if there are any options that can get me out of the Hyundai lease.
What do you mean by this? Theyre charging the adjusted lease balance plus $7500? Is this called out in your contract under the early buyout clause?
I donāt see anthing in the lease. Iāve gotten all my information 2nd hand. I think itās time for me to call US Bank directly.
Heres most likely whatās happening:
The people claiming they add $7500 back in never read their original lease contract. USBank doesnt pass on the $7500 as a cap cost incentive. People think they do, so when they try to buyout the lease, they find the buyout us about $7500 higher than they expected because it never got the incentive in the first place.
Ive got in this argument with people that leased 4xes through usbank several times and then are all mad when they try to trade it in or buy it out and find theyāre deep into USBank hell.
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Of course nobody is at US bank today. I was told that the adjusted capital cost would be the payoff amount before making my first payment. Thatās around $41,000. But when I read through the lease and add up everything that they say is due for an early termination (residual plus remaining payments) it comes out to $47,300. The US bank website also says that the payoff is only good for me or a dealer on a trade-in.
Iāll need to call sometime this week for an actual payoff amount.
Be sure to read the whole breakdown for an early purchase, not an early termination. These are different things.
Thanks. I appreciate all the help!
Itās. A. Sunday.
Thatās why I said, āof courseā 
Usbank has a buyout price for dealers and a buyout for you. If you do another usbank lease or finance the dealer can use your buyout not the inflated one. As for the tax credit Iām not sureā¦
WARNING!
Do not ever do business with US Bank. I had a lease with them years ago and it ended costing me attorneys fees and time I cant get back. The absolute worst bank to deal with, Period!
Never again.
I got my plates today. The last three digits are 666. Coincidence?
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What is going to be the end game for US Bank on these 4xe leases? I have a 2021, lease ends in January of 2025, so Iām in it for another year and a half. The inflated residual is 39K and some change. Trade in offers are 34K, retail looks to be about 42K. Iād love to get out of it, but it seems like Iām just going to have to ride until the end and turn it in to them and let them lose on it. Any other options in the short term that donāt involve me taking a blood bath?
Transfer the lease, assuming USB still allows it.
Iām assuming they can change my terms at any time even though I leased in 2021?
- You can only transfer the USB Bank lease on Death or Divorce.
- They can change any terms that apply to them, they own the car. The terms that apply to you is Return car at end of lease or buyout the car. You want an easy way out of a lease without those 2 and they can block that if they feel like it.
- Try Equityhakr here on the main page and see what he can do to get you out, but I warn it might mean you will pay some money if trade in offers are 5k less. Also @Anthony_Lopez at DSR can buy it as well.
I already asked equithackrā¦they offered 35Kā¦buyout from U.S. Bank was 45kā¦so thatās a no go. They requested the buyout. I havenāt called to ask what my buyout is. I figured Iām screwed and Iāll be holding to the end.
Thereās no reason for you to be assuming anything. Call them and say you want to transfer the lease. Report what happens.