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I am leasing my 2003 Coupe SI, had it for about 5 months now and made many kilometers with it, over 13 000. Now, my lease is 24 thousand per year allowed. I am now afraid I might cross that limit, and am not sure what to expect.

The dealer told me something like if I get close to crossing the limit, just return the car and get into something else at no "penalty" charges or whatever it's called, is this true? or is it typical dealer BS?

was/is anyone in a similar situation? if so, what did you do?

 
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I thought that in your contract they state that if you go over your allowance ur charged per kil? like 15cents or something?

You did 13K in 5 Months? Holy S***, damn thats alot

 
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Yes, it does say something like that in the lease agreement, but the dealer told me not to worry so I thought **** it, I'll drive as much as I want. Now I am starting to realize what the dealer told me could have been a lie just to makeme buy the car.

 
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The way I understand, if you are in a lease you are stuck with it for the term of the lease. If you try and get out of the lease early you have to pay large penalties ($).

 
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I did 19K in my first 5 and a half months.

But I mean if you have a 4 year lease, then it's 96K at the end of it, you can always try to minimize your driving for the rest of your lease too.

 
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Good to know I am not the only one who drives a LOT!

I'll definitelly try to drive a bit less now, just to make sure I dont go over the allowed limit.

 
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ha! mines at 56km right now for a 2002 civic. im "supposed" to hit 48 this december but yaaa... just minimize the amount u drive for the time being, u still have like 3 years left lol

 
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I calculated how much I am allowed to drive per day. I have 66 kilometers per day! which is about 2000 per month. That's not too much.

I thought it would be enough when I got the car, but I was wrong.

 
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Find a career at the corner convenient store and you'll save your mileage. j/p

 
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can you trade in you car in the middle of a lease?
i wanna see what i can do w/ an mdx...

 
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I dont know, I'll have to ask the dealer.

 
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I drove 60000 in 17 Months

 
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I am in the same postion as Ric3Boy, I leased my civic sedan in dec 2001 and i am sitting at 56K now. Mind you, I live in brampton and work in toronto, so i drive everyday at least about 70 km. I visited a dealership and they said they could prolly help avoid penalties if I decided i wanted to upgrade.
What happens is that you go into the delaership and tell them you wanna trade in your lease. The dealership will make sign something giving them permission to ask Honda Finance to diclose what you owe on the car so lets say for a 2002 civic it is $17K or something. Then what they do is get their used car guys to appraise the car. If they tell you you car is worth $15 but they are offer you $13K, it leaves you with a shortfall of $17K-$13K=$4K. What they will do is try to work out a deal with you to try and minimize your out of pocket costs. You have to be careful though, cuz once u are trading in ur lease, they got you by the short and curlies. You are at their mercy. There are alot of ways dealers can scam you, they might tack on the $4K that you are short on to the new lease, thus you are actually not getting out of anything, you are paying for the shortfall. The dealer losese nothing either and Honda Finance makes more money on the $4K What I suggest you do is contact Honda Finance and they will mail you what the total lease obligations are left on the vehicle. Then you know what your total buyout is at this very moment in time. Then you sell your privately, based on the information you know about what you owe. You can prolly get a better deal selling it privitely, cuz the dealer will apraise the car at one price and offer you a lower price so that they can make a profit, and even then, they will prolly sell list it as much higher !!! So if you owe $17K and you can get like $15K in a private sale, you are better off cuz your only short $2K. Then you can approach the dealer and then start with a clean slate. By doing it this way, you are not at the mercy of the dealer. Once you hand over your keys to them so they can appriase the car, you are toast, you hand over the negotiating power to them, cuz they are undercutting your old car while they are negoitating a price for a new car in the other office. This is the route I think i am going to take, but then again , just to avoid the hassle i might just buy it out at the end of the lease and then look at buying a house :-)
Hope this helps.

 
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I agree with amers786...find out what your buyout is and sell it privately....My plan is to put in up for sale just before my lease is up, and I know I'll get more than the buy out price and more than what the dealership will give me, so don't worry about the kms. I've had mine since May and have 13k.

 
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I'm pretty sure you can, I know some people that have done that. Actually what they do is switch your lease to the new car. But I think it usually only works with the same company (ie. if you lease a honda/acura car, you can only switch it with another Honda/Acura).
Cause dealerships would wan't you to do that, cause you're going to be signing a longer lease with them and also your payments will be more if it's a more expensive car.

The only thing I'm not sure of is if you are already over your allowed mileage, I don't know if they will penalize you for it.

 
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couldnt they sorta "subsidize" the penalty fees into the payment of the new lease/finance?

My family has a car that's 45000km over the limit... with about 10 months left on the lease... any chance the dealer would dismiss the penalty if enticed with new lease/finance?

 
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actually it may not be as good selling private if you plan to buy another car at the same dealer you sold it to even if you get less for your car selling to them because of taxes come back to haunt you. say your car is worth $17k like someone else pointed. well buying it would be $19,550. so if you sold your car for $15k you'll be paying $4,550 more. but if you sold your car to the dealer for $13k and buy a new one for $17k the diff is $4k plus tax is $4600 which is about the same amount but less hassle.