Actually, this question relates to specific circumstances. I did a one pay Cruze in March. 20k/yr. x 2 years. I hit 20k miles in 9 months. So, last Sunday, I called dealerships and found only one dealer willing to take the car on Sunday. They took the keys and I signed nothing. I called Tuesday and they told me they notified GM. That is the last I heard. Seem odd?
Will I get a bill for disposition fee?
They told me that usually the computer allows them to accept the car and I would get documents, but because it was over a year early, the computer only said to call GM. And GMFS is obv. closed on Sun. Pretty strange. I am debating just doing nothing and waiting to see what happens. Is there any legal downside to that?
Is the disposition fee usually collected at turn in?
It is always collected via statement in the mail along with any other charges they tack on after the inspection.
So you already pre-paid for 40,000 miles of usage (2yrs @ 20K Miles/year) drove it for 20,000 miles in less than 1 year, and then gave the car back? Is the savings youāre going to get just maintenance and insurance?
What a moron. Gggggg
I think op meant 20k for 2 years. Speaking of the lease return, the dealer or the manufacture will do inspection to see if anything is out of normal. Then they will send you the final paperwork including any extra charge or fees around 1 month after you turn the car in.
Since you already turn the car in you are on the hook for any excessive wear, normally people do the lease inspection 1 month before the lease return so they can find out the problems and fix before turn in. Dealer will charge you full price for any fix. GL!
just Some advice for your next lease, or maybe life in general. If you are not sure about something, ask a friend or someone who has a clue BEFORE you do something.
I think you should be ok since you prepaid the lease. Itās like prepaying for a week stay at a hotel and then checking out half way. Hotel wins, GM wins. They may bill you for disposition fee etc etc but you essentially ended up overpaying for your leaseā¦
Fyi, the op drove the car for free and net profit 1500 after the state rebate. Dont judge by the book cover!!!
Did you notice - Cruze here and Volt there?
From the way you wrote it (You turned in a car, you didnāt trade in a car)
If you turn in a car to a dealer āblindā you just opened yourself up for a world of hurt.
You turned in a car without inspection.
You turned in a car 15 months early. (Does GM have a Early Lease Termination Fee? Chrysler does).
You prepaid the lease. (No payments due)
You didnāt prepay the disposition fee did you?
OMG thatās a TON of fees you are going to pay.
Get ready for a bill that will make you lose it on floor.
Oh my bad he paid 1,135 for the cruzeā¦
Yes I paid $1135 up front for the entire lease. I drive 30k miles per year so I need a minimum of two leases. I leased a cruze and volt in the same week. I decided to use up the cruze to save on insurance after turn in.
I went to a dealer a month ago trying to avoid the disposition fee. My logic was the early return would be a win for gm. Plus I have a volt with them. No such luck. But I did verify no early termination fee since it was a one pay. If there were though, it might be less than paying to insure a car I wonāt use.
I asked last Sunday when I dropped the car for an inspection, but they said gm does it, not the dealer. My only concern then is brakes and/or tires. But a cruze with 20k miles?!? How much should I worry about those? Yes I drove like anyone normal would with a commuter.
How did I overpay if I did a one pay and just used the miles until they were gone? Please explain for next time.
You are probably good (no extra charge) for brakes and tires. Youāll most probably will have to pay the disposition fee plus any excess wear and tear.
The dealership doesnāt have any āpullā getting you out of a dispo fee, that comes from the leasing company.
I doubt you will be on the hook for brakes if you drove it normally. Tires a big āmaybeā, depends how/where you drive. On my car in FL tires donāt last very long which has also something to do with the bad roads so i would be worried after 20k mi but thatās just me, you might be ok. Typically you would do an inspection prior to turning it in so you can fix anything at your cost rather than at GMās cost (prob more $) but moot point now. Dispo fee for sure, will prob hurt given that itās like 40% of the cost of your entire lease lol
Also you are now at the mercy of the inspector. If he feels like being a POS, he can write you up for any number of little dings and or dents that might have happened at the dealership, but you are held responsible.
All I could do was take a ton of pictures when I left it. Just wanted it gone. So next time I will do a pre-return inspection with the dealer a month in advance.
I will also push harder for some sort of indemnification before I turn over the keys.
It is not the dealer who do the inspection. Gm hire a tthird party company to do the inspection, you need to call the 800 number to set up the appointment. Also, They can do the inspection at your house. https://www.gmfinancial.com/finance-options/lease-end-options.aspx
Unfortunately ā¦ pictures wonāt cut it ā¦ the inspector gives a report (with his pictures) and you are doneā¦the āJust wanted it goneā unfortunately has opened the door for abuse.
And the turn in dealer wonāt give you indemnificationā¦thatās what inspections are for.
Here is the major issue now. I got a letter from GM that states that they are going to sell my Cruze at auction and stick me with the difference.
WTF is the purpose of leasing if this happens?
Has this happened to anyone?
I asked someone at GM and they said if you return it 4 days early it is still early. I did see someone post on a different forum that this happened to them when they returned a GM car 4 days early.
Any help would be appreciated!