As the Topic says, My box has 101k miles, and it's a lease, what are my options?

I leased it in May of 04, it's 3 1/2 years (or so) now, and the lease is up in May of 08.

Obviously, 101k miles is a TAD bit over what's allowed( )....so what are my options?

I've tried financing it through a few companies, but they've said "no", because the mileage is too high.

What will happen if I just keep it till may, will Toyota be forced to finance it?
Will they make me trade it in and add the 4-6k loss onto the lease for my next car?

Should I just trade it in NOW for something else and ask if I can add the 4k-6k loss to my new lease? (I talked to a honda dealership in HB, they said that I could do this towards a honda fit, or accord, or w/e<but my credit doth sucketh>)

Basically, this question is for you scion dealers, or those in the know.

Help a brotha out here! :-)

Thanks in advance,

El Jefe

 

buy it from scion

 

I can't help you with your question, but I would like to know if your ride has done well over these 101k miles. Any unusual breakdowns or repairs?

Jim

 

the only way to not lose your shirt on this is to buy it outright from scion

 

^ agreed. It is a nice reliable car which still has a lot of life in it. assuming it has been well taken care of in terms of maintenence, then i see no reason why you wouldn't want to buy it out right.
- sh00k

 

Got the tranny and clutch replaced at 100k miles, other than that, going good and strong!

I just hope if i call them up they'll convert it to a buy for me

thaks for your replies all

 

you should be able to finance the residual when the lease is up. Should say in your lease what the amount is.

 

"Tranny was replaced too?" That seems odd.

 

It was damaged, something must have bounced and hit it, so it wasnt really the xbs fault, lol

 

OK, that makes me feel better

 

Get buyout figure for end of lease. At end of lease you buy it for that price - ask your dealer if they offer financing - assuming you have been on time with all your payments no problem!

 

Cant help you, but a word of advice. Dont lease again. Obviously you drive to much for a lease, so why consider leasing?

 

he probably didn't expect to drive that much

 

^ LOL - i would think that you have SOME IDEA of the mileage you're gona put on a car... it's not like you can go from 10k miles per year to 30k miles per year with 'oops' or 'it wasn't planned' as the reason ;]

 

LOL next car i get is a buy for sure, and i didnt know how much i'd be driving obviously, whoops!

 

they usually give you an option to purchase them outright at a discounted rate at the end of your lease

maybe you could barter them down on the price because it has so many miles?

lmao j/k

your best bet though ..is prolly to just buy it outright

 

The Hyundai i had before my box was bought new. I put just over 5K miles on it, then got a job with a company truck and the car sat for almost 2 years. Sold it privately cause the trade in price was enough to make me laugh in the dealers face.

 

So should I wait till the lease is up? Or try to do it now?

Thanks any dealers feel free to add to this as well

thanks again

 

I would ask the people I lease through...what their buyout offer is....

they usually cut you a decent deal

I am not a dealer though...I'd like to hear what one has to say about this as well

 

call toyota and they CAN roll you into a purchase. did that with my 4 runner back a couple years ago