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Car lease troubles.

Discussion in 'Channel Zero' started by Æ°, Jun 5, 2003.

  1. Æ°

    Æ° Senior Member

    Joined: May 12, 2002 Messages: 1,974 Likes Received: 6
    My financial situation that's got me fucked...

    I leased a car. (mistake #1)
    The lease is for 4 years 60,000 miles.
    Today I just flipped 60k and I'm about 2 years into the lease.

    So yeah...I'm either going to buy it for way more than it's worth at the end. (the bank probably won't provide me with enough money to do this)
    Or I can pay 8¢ for every mile over I am. I could trade my car in now with the negative equity carrying over into the next car...I think. But those are the only ways out I can think of. I'll end up paying one way or another. All I really want is to not have a car anymore. The end result will probably be something like having a car shoved up my ass with the doors open.

    Anyone else ever been in a situation like this? I'm only 15,000 miles shy of having traveled all the way around Saturn in 2 years.
     
  2. effyoo

    effyoo Elite Member

    Joined: Sep 2, 2002 Messages: 4,703 Likes Received: 0
    If you were asking about the possible lease of a car, i'd tell you that it was a bad deal.
    Looks like you found out the hard way.

    Is there a way out? Fuck. I don't know. Re-read the fine print.

    You did read the fine print, didn't you?
     
  3. Æ°

    Æ° Senior Member

    Joined: May 12, 2002 Messages: 1,974 Likes Received: 6
    I was just looking everything over again.

























































































































































































    I'm going to start saving money.
     
  4. BAMBOOZLED

    BAMBOOZLED Member

    Joined: Feb 19, 2003 Messages: 294 Likes Received: 0
    Fake your death:idea:
     
  5. metallix

    metallix Elite Member

    Joined: Oct 7, 2001 Messages: 2,955 Likes Received: 1
  6. krie

    krie Guest

    set it on fire
    and claim insurance
    or say it got stolen and set a blaze


    nothing u can do ?
     
  7. When

    When 12oz Loyalist

    Joined: May 4, 2000 Messages: 10,294 Likes Received: 3
    i think you still have to pay the car off if that happens
     
  8. effyoo

    effyoo Elite Member

    Joined: Sep 2, 2002 Messages: 4,703 Likes Received: 0
    Heh heh heh...not here you don't....
     
  9. mapo returns

    mapo returns Member

    Joined: May 4, 2003 Messages: 687 Likes Received: 0
    didnt you realize you were on a pace that was twice as many miles as were allowed?

    60,000 divided by 24 = 2,500

    So you go about 2,500 miles per month.

    2500 divided by 4 = 625

    So you go about 625 miles a week.

    625 divided by 7 = about 90


    So you were going 90 miles a day when you should have only been going 45.

    Thats tough. I was gonna lease a car, but I decided against it when I realized I travel about 60 miles a day just to/from work.
     
  10. SteveAustin

    SteveAustin Veteran Member

    Joined: Mar 12, 2002 Messages: 7,042 Likes Received: 2
    sounds like its time to park it and buy a shitbox.

    not many options other than that, buying or paying the 8 cent a mile penalty.
     
  11. Dick Quickwood

    Dick Quickwood 12oz Loyalist

    Joined: Aug 25, 2002 Messages: 14,783 Likes Received: 14
    change the odometer down 40 thousand miles, or just break the odometer and say you dont know what happened
     
  12. SteveAustin

    SteveAustin Veteran Member

    Joined: Mar 12, 2002 Messages: 7,042 Likes Received: 2
    ^^ ah hell, I can't believe I forgot about that option. you might check out the fuse box panel. remove the fuse for the gauges. if this works, you most likely won't have any working guages....but no more miles.
     
  13. Dick Quickwood

    Dick Quickwood 12oz Loyalist

    Joined: Aug 25, 2002 Messages: 14,783 Likes Received: 14
    or cut the wire that goes to the odometer and splice it back togather when its time to take the car back
     
  14. ubejinxed

    ubejinxed Veteran Member

    Joined: Apr 12, 2001 Messages: 7,543 Likes Received: 3

    yah i'd say this is a good option, the car is relatively new and if you have full coverage, the insurance company usually pays enough to pay it off. they don't know how many miles on it right?

    my car was stolen and i made money on it, my other friend "crashed" his car and made money on it. you could have someone steal it and crash it. i know that's bad but you just have to find someone to do it. works pretty well. but you didn't hear that from me.
     
  15. ubejinxed

    ubejinxed Veteran Member

    Joined: Apr 12, 2001 Messages: 7,543 Likes Received: 3
    but isn't there a way they can tell? isn't there an engine mile counter? or is that only boat engines?
     
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