hey guys ok here is my situation i am in a 3 year 36,000 mile lease with my 00 acura integra GS i am nearing my second year in december and will have one more year to go, however i am now a family man(have a daughter) and a 2 door car is very tough to deal with when having a kid not to mention i will break my 36,000 miles in march or july and im expecting to put 5 to 6000 more miles on my car before i return so to avoid paying for mile penalties and fixing all the little scratches here and there i want to try and sell my car for more than what the residual is (12,500) maybe make an extra 1500 to a 1000 on it and pay the residual of and bank the extra $$$ however i am not to knowledgable about leasing, how do i go about selling my car??? do i wait till i have 6 months left then sell, do i try to have someone take over the payment and just give me 1500$ cash so he or she can buy it out at the end??? what do i do??? please help me out guys!?!?!?!?

 

Its not a flame but how do expect to make money when your the one trying to get out of a lease. People aren't stupid ya know. If you do keep it just roll back the miles.

 

like he said you can pull the trans sensor, or you can find someone that is willing to buy it.. give you the money and you give him the car, so he has at least something, then when the pink slip comes to your residence forward that on to him.

this is how i would do it.

 

The only way to get out of your lease is to pay off the car. You can do so by selling it to an individual or trading it in at a dealership. In either case, the buyer will pay your leasing company (title holder) for ownership of the car. In those cases, you also don't have to worry about mileage unless you turn the car back into the leasing company at the end of the term. Keep in mind that if your payoff is more than what you are able to sell the car for that you will have to make up that difference. Good luck.

 

I bought a use type R that was in a lease. I paid off the lease and gave him a little extra. Thats pretty much clear him from the lease.

 

Since it's an Integra GS, why don't you post your question on the Integra board? This board is for the Integra Type R.

 

I couldn't have written it better. Good luck

 

You're going to wind up a little upside down no matter what you do. The best way out is to trade it in on something else.

Never lease a car, they screw you every time. First they give you an unrealistic milage allowance. Second any money you save on pyments goes right to the insurance company because you have to carry more coverage on a leased vehicle. Third, when you're done paying on it you have to give it back. Leases are bad deals.

 

Tell me about it...I'm leasing my R, and I really wish I hadn't. However I have decided that I'm going to buy it at the end of the lease anyway (screw the RSX) so I can beat the snot out of it, no worries.

 

That is so immoral thing to do... you should get an extra set of gauges instead.

 

Fool, many people post messages here that isn't necassarily Type R related. People post on this board because they are reasonably confident that knowledgable people will respond.

 

its true that the only way to get out of the lease is to pay it off...you can call honda finance and theyll give you the payoff amount for the time being and you can *try* to sell it for a bit higher .....keep in mind that if you do go over the mile limit they will charge you and any knowledgable car buyer will know tht youll be tryin to make some money off of them....most of the time youll end up being dead even or maybe even losing a little....but that is better than turning it in in 6 months and having to pay 500 dollar wear and tear and 1000 for mileage.....but even if you cant sell the car b4 the lease is up...the best thing to do is check the kbb or nada value and see if you can sell it for at or above residual on the private market. dealer markets gives you crap for what the car is worth then sells it for even more than the blue book value

 

where are the nada site i know where kelly's is at.....**** i atleast want to make 500 of this deal i know its messed up to say but there is a "sucka" for every seat, and i have thought about rollin back mileage or even swapping clusters, but i dont wanna get arrested for fraud

 

Call the dealer from where you bought it from and tell them what you are wanting
to do and let them fully explain all your options and what they might be able to do to help.

At my dealer right now I have had 5 people shopping for 98-01 Teg LS or GS...so there might be a market for them near you too...who knows...you might only come out a little bit upside down.

tj

 

You may also be able to negotiate a lower payoff price with the dealer. go with a moderately dirty car and make them feel like if you return the car to them, they wont make any money selling it. This way they may accept a lower pay off just to get their money without too much hassle. I have seen this done!

I don't think you are allowed to sell a leased car before you pay it off. It is also too much of a risk to sell it when the car is still legally in your possession. you'll be liable if the new owner runs someone over and such.

I personally don't think it's worth doing anything illegal like rolling the miles back for a few hundred dollars.


[Modified by Cyberorth, 9:31 AM 10/26/2001]