Man just calm down why are you acting so rude
How much negative equity do you have?
What do you mean
Post your docs here with the personal stuff cut out to see how good /bad the deal really was.
Didnāt you agree on the new deal? Why do you think you were scammed?
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Am I reading this correct that after the dealer rolled the equity into the deal, had you pay another $2500 down, they then also charged you $1200 for Mile overages!?
At this point it depends on how the contract was written whether you agreed to be on the hook for the mile overage. Doesnāt matter what the dealer said, matters what was in the fine print when you signed and re-signed (possible they added this in when they had you re-sign). You could and should dispute the transaction since you didnāt sign for the charge, but if you agreed to it in writing they may still come after you for the balance.
Probably way too late to unwind and rather odd the desler threatened to unwind the deal on you and that forced you not to dispute it. Definitely need more detail but most likely you may be out of options here.
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I would suggest you review through the original thread and answer the number of open questions people had about the deal. You never did before and it makes it hard for anyone to advise you without knowing all the facts.
$12k down and $699 a month to rent a Honda Odyssey for 3yrs.
Does it come with a bedroom to sleep in for that price?
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Did you ever even try to populate the lease calculator or understand what components make up your payment? The uneducated get hosed ya knowā¦
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The problem is there was no real contract regarding the mileage
Honda contract 2.pdf (2.7 MB)
How is that 12k down do you know how to read come on
Yes I found out about leasehackr a little too late
Yes thatās what he charged me after ārolling equity officiallyā
After the fact that we agreed upon trading in the old car with the amount of mileage he said that since it was over mileage i would need to pay
I posted my contract on the thread everything is there
You donāt get itā¦he is including the 10K of equity you left on table by turning your lease in (32-22 in your 9/29 post to Abe, but who knows whether either of these numbers valid)ā¦bottom line is you didnāt take advantage of its market value by selling to third party, etc.
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By your estimates, it was $10k in equity, plus $2500 plus an additional $1200 now.
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You should still learn how to use and understand the calculator and especially the meaning of the values you input into it.
This was all explained to you in your original posts and you ignored what everyone was saying. That 10k equity could have been in your pocket even know the first car was a lease. They didnāt even include it on your contract so they didnāt even put it towards your new deal. Itās in their pocket now.
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