Lease takeover
 

recently ran into a financial hickup and have to give up my 10 series. here's a link to an ad i made up on kijiji, please help me find a new home for a great lil car. http://www.kijiji.ca/v-cars-trucks/k...ationFlag=true

How did you manage to get a $600 payment on an FRS

negative equity FTW!

Hmm yeah I know that's gonna turn some away -_-

$600 on a lease? Damn.

This will be a tough one to get rid of. You can buy a used frs for that lease price.

You can buy a BRAND NEW FRS for less than that lease price!

I understand that getting someone to take over will be difficult, I didn't plan on having this happen. But I'm hoping that someone will want a 10 series enough to overlook the price.... that said, any advice as to how I might sweeten the deal are welcome.

Try offering a discount maybe? What's the buyout price on it right now?

I don't think any sane person would be willing to pay more on a lease then buying the car used or even new. What made you lease the car instead of financing it? Looking at the lease amount you pay, you would have been better off financing it for 5 years.

That's too high a lease payment and too long a lease term. Nobody would be desperate enough to do a lease takeover on this. Afraid the only way around this is to pay down a good chunk of that lease, but if you had the means to do that, you wouldn't need to get rid of the car in the first place.

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ouch
that's my financing on my 2013 frs that i got new with some extra stuff

good luck.......you might have to come up with a cash incentive in order to find someone to pay so much for a lease
probably a high cash incentive

you should also get rid of that "too tall for it" comment

Not sure if you have a smartphone with a data plan, but you should give that up also...just saying cause i see a lot of people have money issues yet they all have expensive smartphones with data plans.

But yeah this will be tough for you. It took me 1 month to do a lease takeover on my BMW which had 5grand down and a 490 a month payment, and people were still looking for a better deal....so yeah, i would first try to see other options like spend less, don't go out drinking at bars, get rid of a data plan, make home-made food etc...

Not trying to be a jerk, just giving advice because i don't think this will go quick since there is no incentive.
Sorry if my post makes you mad.

Damn if you guys are saying 276/m for a lease is high I feel retarded :O

Its 276 biweekly

ouch, bought my sport tech brz for 23.50$ less biweekly :/
Gonna be hard to get someone to take over that lease.

You'll have to give some cash incentive a probly a big one.
You might have better luck by calling to get your current buy out and selling it but you'll still have to pay a part of it to get someone interested.

payments are bi-weekly, so at $276/bi-weekly your paying $7176/year, divide that by 12 months and you end up with $600/month.

good luck with the lease take over, it only takes one person who wants it bad enough.

Found a way to make things work out. Thanks for all the negative comments, you guys weren't helpful in the least. How do I delete this thread?

Always a supportive community :cheers:

So you found a sucker and we're the bad guys? Um-hm.

like I said I found a way to work things out. And no I didn't find a "sucker", just worked around the aforementioned hick up.

So you're keeping the car? Good news then!

Glad you got it sorted out. @Mr.Impreza gave you some advice ;)

Good for you dude! Glad you could figure out a workaround.
And to those who cleared things up for me, thanks!

notsureifsrs or just stupid.

i didn't see any negative comments

am i missing something


well.....glad that you had it worked out
hope you can keep the car

I thought it was monthly, didn't see the bi weekly. No need to be a jackass.