First time poster, long time lurker, with a lease extension question.
Paperwork Version #1: My 3-yr Toyota Rav4 lease matured in August and we decided to extend it month-to-month (6 mos). I executed the paperwork and faxed it back to Toyota.
Apparently, Toyota never received what I had sent them.
Paperwork Version #2: So, Toyota sends me new paperwork in October, which I executed and mailed back promptly. Except Toyota now tells me that they made an error with this paperwork – the residual value was mistakenly ~$2,000 less than it was in the prior paperwork.
Paperwork Version #3: Toyota now sends me new paperwork with an updated residual amount that matches to what it was on paperwork #1. They want me to execute this new paperwork and sent it back to them. Unless I do this, they say they won’t process the lease extension. (Keep in mind, I’ve still been paying the monthly lease each month!)
Since I’ve already executed Paperwork #2, what’s my incentive to sign new paperwork? It clearly states at the bottom, "Upon receipt of a completely filled-in original or facsimile of this Lease Extension, fully executed by Lessee, Toyota Lease Trust accepts this Lease Extension Agreement."
The paperwork is executed – it’s done. As stated in the paperwork, they should accept it. Am I missing something?