Car Chat General discussion about Lexus, other auto manufacturers and automotive news.

Turning in leased car. Question.

Thread Tools
 
Search this Thread
 
Old 04-18-06, 10:15 AM
  #1  
Vegassc400
Lexus Champion
Thread Starter
 
Vegassc400's Avatar
 
Join Date: Apr 2002
Location: Glued to my desk.
Posts: 3,746
Likes: 0
Received 0 Likes on 0 Posts
Default Turning in leased car. Question.

I'm turning in my Mitsu Eclipse and I've got a couple questions. My Eclipse has some body damage estimated at around $2000 by a shop. I'd like to get it repaired but I just don't have the time. It's due back in 2 days. Now, I've only got 2 options. I can turn it in and hope they don't charge me too much for the repairs or I can buy it for $8500, do the repairs at a cheap body shop and sell it. What would you guys do?
Vegassc400 is offline  
Old 04-18-06, 10:25 AM
  #2  
PhilipMSPT
Cycle Savant
iTrader: (5)
 
PhilipMSPT's Avatar
 
Join Date: Jul 2005
Location: In rehab...
Posts: 21,527
Received 6 Likes on 6 Posts
Default

Don't deal with the dealers. They'll do their best to make money, not to accommodate you.

Buy it, fix it, and sell it to a private buyer. It's more hassle but you'll come up better in the end.

What's the BB value? If it's $10,500 or more, just fix it yourself.
PhilipMSPT is offline  
Old 04-18-06, 10:33 AM
  #3  
Vegassc400
Lexus Champion
Thread Starter
 
Vegassc400's Avatar
 
Join Date: Apr 2002
Location: Glued to my desk.
Posts: 3,746
Likes: 0
Received 0 Likes on 0 Posts
Default

Edmunds quoted me $8800 on private party sale even with my low miles.
Vegassc400 is offline  
Old 04-18-06, 10:37 AM
  #4  
PhilipMSPT
Cycle Savant
iTrader: (5)
 
PhilipMSPT's Avatar
 
Join Date: Jul 2005
Location: In rehab...
Posts: 21,527
Received 6 Likes on 6 Posts
Default

Originally Posted by Vegassc400
Edmunds quoted me $8800 on private party sale even with my low miles.
Yikes. You're at a loss.

Might as well go to the dealer and see what they offer...
PhilipMSPT is offline  
Old 04-18-06, 11:30 AM
  #5  
Stage3
Lexus Fanatic
iTrader: (3)
 
Stage3's Avatar
 
Join Date: Sep 2003
Location: Tampa, FL
Posts: 7,379
Likes: 0
Received 0 Likes on 0 Posts
Default

yup... selling it back to the deal might be the best way. You might be upside down because of the damage, but then again... when AREN'T you upside down with a dealer?
Stage3 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
macmaster
CT 200h Model (2011-2017)
3
02-08-18 11:17 PM
flektone
Car Chat
11
06-14-16 10:14 AM
Polo708
GS - 4th Gen (2013-2020)
15
03-18-14 08:59 AM
timoc42
LS - 3rd Gen (2001-2006)
1
03-04-07 06:42 PM
mrshabo
Car Chat
1
06-09-04 06:04 PM



Quick Reply: Turning in leased car. Question.



All times are GMT -7. The time now is 06:16 AM.