Ari, outstanding video! I My Ford F-150 lease is closing in 2.5 months, and I'm 2500 miles over at this point, with minimal damage and good rubber. I believe your suggestions will help me Squeeze out of this without too much out of pocket. Thank you!
So awesome!! Also i don't want to pay disposition fee or other unnecessary fees. Is it better to trade in my vehicle since it has only 1/2 miles than what allowed and in great condition? I am planning to purchase a vehicle this time instead of leasing.. I am wondering if trading in is better
Do the tires have to be the same tires as the ones that came in the car ? If I go to an off brand does it count against me? I still have three years to go but want to know the most info so o can make the beer decisions possible along the way
Ari, Thanks. Do you recommend get a pre inspection from the dealer I leased my vehicle? Or other body shop? My lexus dealership asked me to schedule preinspection before returning.. also what are the ways to avoid unnecessary fees. I hate to pay extra. My car has wear and tear warranty from the dealership.. I only used 1/2 miles of my allowed annual mileage. Thanks in advance.
My lease will be coming to maturity in the next month or so. The third party inspection party said I qualified for a non inspection. Should I take them up on their offer or still conduct the inspection?!
From my experience no. (I leased Audi’s). They send you a bill. Give you like 90 days to pay it. They’ll keep sending bills. Then if you don’t pay it they send it to a collection agency. You wait for them to send you a notice and call them right away and settle for less. If you let it sit with the collection agency for 30 days then yes, it’s reported to your credit bureaus.
Or you could break the infinite debt of owning a car and buy then pay off a car and keep it another 6 years while placing your old car payment into an account for your next car. Buy a car you can actually afford, pay it off in 3 or 4 years, keep it for 10 total years and repeat. I'll admit leasing (renting) a car allows you to drive a car you can't really afford but you are committing to continual debt. This does mean you have to buy a car that doesn't have continual repair bills after the warrantee is gone and not buying a direct injected engine but there are options. Toyota is your best bet since their engines are both direct injected and port injected. I understand Toyota doesn't make sexy cars so you have to divorce yourself from the "my car defines me" mind set. You define you, not the way you decide how to get from here to there.
Good lesson for people that don't have any money. For those of us that are successful, we prefer to drive reasonably new cars and not live like paupers
Ari, outstanding video! I My Ford F-150 lease is closing in 2.5 months, and I'm 2500 miles over at this point, with minimal damage and good rubber. I believe your suggestions will help me Squeeze out of this without too much out of pocket. Thank you!
As always this kid is giving awesome advice! Happy to see your channel grow Ari! Happy 40k
Excellent advise!
So awesome!! Also i don't want to pay disposition fee or other unnecessary fees. Is it better to trade in my vehicle since it has only 1/2 miles than what allowed and in great condition? I am planning to purchase a vehicle this time instead of leasing.. I am wondering if trading in is better
Is the manufacturer charging less to fix the car the case for all car brands? Like VW for instant?
Do the tires have to be the same tires as the ones that came in the car ? If I go to an off brand does it count against me? I still have three years to go but want to know the most info so o can make the beer decisions possible along the way
Great advice. This optionality is a big reason to lease.
I’ve been binge watching your videos! Thanks for all the info! Super helpful, wish the market was better rn though :/
Ari, Thanks. Do you recommend get a pre inspection from the dealer I leased my vehicle? Or other body shop? My lexus dealership asked me to schedule preinspection before returning.. also what are the ways to avoid unnecessary fees. I hate to pay extra. My car has wear and tear warranty from the dealership.. I only used 1/2 miles of my allowed annual mileage. Thanks in advance.
Unfortunately I was told that due to COVID that they (AutoVin) are not doing the pre inspections at this time.
Same here from Ally. Not sure if always or recently.
Got mine through them January
My inspection is August 6th... keeping my fingers crossed
Wow, just because of this Lease return Procedure scare me on leasing a car.
My lease will be coming to maturity in the next month or so. The third party inspection party said I qualified for a non inspection. Should I take them up on their offer or still conduct the inspection?!
When requesting the buy out to sell it to a third party, can you request it without the additional sales tax?
When you get the bill, can they put the amount on your credit report?
From my experience no. (I leased Audi’s). They send you a bill. Give you like 90 days to pay it. They’ll keep sending bills. Then if you don’t pay it they send it to a collection agency. You wait for them to send you a notice and call them right away and settle for less. If you let it sit with the collection agency for 30 days then yes, it’s reported to your credit bureaus.
Or you could break the infinite debt of owning a car and buy then pay off a car and keep it another 6 years while placing your old car payment into an account for your next car. Buy a car you can actually afford, pay it off in 3 or 4 years, keep it for 10 total years and repeat. I'll admit leasing (renting) a car allows you to drive a car you can't really afford but you are committing to continual debt. This does mean you have to buy a car that doesn't have continual repair bills after the warrantee is gone and not buying a direct injected engine but there are options. Toyota is your best bet since their engines are both direct injected and port injected. I understand Toyota doesn't make sexy cars so you have to divorce yourself from the "my car defines me" mind set. You define you, not the way you decide how to get from here to there.
Good lesson for people that don't have any money. For those of us that are successful, we prefer to drive reasonably new cars and not live like paupers
Blah blah blah, keep the lecturing to yourself or go congregate with the others on Dave’s channel.