Hi,
I will be returning my lease soon which has 10k miles below what the lease agreement was. (I know I didn’t get chance to drive it as much as I thought I would). I just wondered if the car I’m returning gives me any negotiating power with different dealers since I can choose any dealer to return it to and will probably lease a newer model year of the exact same car?
Seems like a dealer would be happy to take that car and sell it. I’m not sure how it all works and will the dealer I return the vehicle to add it to their inventory or does a bigger corporate body decide where they will send my return vehicle?
It doesn’t really give you much negotiating power unless the dealer wants to buy it. Otherwise you just turn it in and move on.
What brand is it? BMWFS gives a small credit and AcuraFS lets you roll over some miles.
Man looks like you have to read up a bit about leasing and car buying. First you providing no info on make of car, residual, year, mileage, etc.
Jon brand is Infiniti. Cheers.
Then I doubt you can get any benefit. It probably won’t be worth more than RV too.
Same here, I still have about 16,000 miles left on my lease and it’s due in a couple of weeks. Has anyone tried bargaining about the disposition fee at least?
They won’t bargain with you. It’s up to the finance company not the dealer. You signed a contract for X number of miles and a disposition fee. You didn’t use all of the miles and you still pay the fee unless you lease again from the same brand.
Keep in mind that the dealerships don’t care whether you’re under or over mileage. The car belongs to the leasing company, so unless the dealership purchases the car from the leasing company, they do not care. Also, the dispo fee is usually only waived if you get another car from the same manufacturer. Otherwise, you cannot negotiate this fee.
Have you taken it to CarMax/carvana to see if it is worth more than the buyout due to the low mileage?
Worth a try, but gonna say unlikely since it’s an Infiniti.
I looked at Shift and it wasn’t worth it. I haven’t checked the other places but unlikely to be worth the hassle.
Carvana can be done online. Shouldn’t take more than a few minutes.
Carvana High Value: $22,153.
Payoff Quote: $26,842.
…yeah, no
Got time to drive for Lyft or Uber? That will rack up the miles exponentially in a few weeks 
My friend returned her 2015 Accord LX (in Norcal) in March. She only drove 20k miles out of the allotted 36k miles and her car was in excellent condition. The residual of her Accord was around 13.5k, KBB value was 14k-15k. Carmax offered her 12k, and Lexus (where she leased her current car from) only offered her 10k. What a joke! This actually surprised us because we thought Honda usually has good resale value. She ended up returning the Accord to Honda and paid the disposition fee.
It was a sedan and the sedan market is doing poorly. Not a surprise at all. KBB isn’t that accurate for trade in either
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