Just leased an outback (and I'm unhappy)

[Anonymous]

Op you cannot return a car you signed a contract

[Anonymous]

Anonymous wrote:Op you cannot return a car you signed a contract

No, but she might be able to exchange it for one with a backup camera, which would solve one problem. And she might be able to convert the lease to a purchase right now (I had a friend do that with an Acura TSX; she leased it and her fiance or husband had it changed to a purchase because the lease was such a bad deal).

[Anonymous]

A whole lot of bad advice on this thread. When leasing makes sense then it is a good option. But when it doesn't, it is the WORST. Hard to say in your situation because I don't know all the variables. The point is don't feel like you made a huge mistake because leasing is always a bad idea because it isn't. People that say that either don't know what they're talking about or are talking about situations in which someone shouldn't have leased at all. As for what you should do, if you only needed a car for 2 weeks then I can't understand why you leased. It's only 2 weeks! The dealer doesn't have to let you out of it, but they may at the least switch you if you bug them hard enough. It's worth a try! My husband is a manager at a dealership and he will do all sorts of things he isn't supposed to if someone is unhappy. Worst case scenario is you have a brand new car for the next 3 years.

[Anonymous]

Oh and good point by the previous poster. You can buy out your lease if it turns out leasing was a bad idea in your situation. I've done that for a car that I ended up driving way more than I thought and wrecked.

[Anonymous]

In many large transactions, you have the right to back out within 3 days.

[Anonymous]

Read your agreement, you may be able to get out, but do it ASAP. Like now.

[Anonymous]

To make you feel a bit better:
2014 Outback new (good luck finding one) $27,695 -$36K loaded.
2011 (Used) Subaru Outback 2.5i Premium for Sale $22,129, so you are out your monthly payments in depreciation, but you have a new car now. One used Suburu was enough to last me a lifetime.

[Anonymous]

Anonymous wrote:In many large transactions, you have the right to back out within 3 days.

Not car leases, unfortunately.

[Anonymous]

Don't beat yourself up OP. The monthly payment seems reasonable, and if it's affordable then it is a nice car. If it is truly a done deal, stop stressing and just move onto the next thing. Don't let this take over your worries.

There are websites where you can sell the remainder of your lease. It's usually towards the end, one to 1.5 years left. And you have a better chance if your miles aren't right at the limit. So enjoy it, keep it tidy and keep the miles low and try that in one year.

[Anonymous]

You might not be screwed OP.

The key here is what the buyout amount would be at the end of the lease. If you cannot find that in your paperwork, call and ask. I say this because in 3 years, you can buy out the car, and then turn around and sell it for some $$$ and all the money you spent would not all be for nothing. It's almost always the way to go to get the most bang for your buck when you lease.

[Anonymous]

Anonymous wrote:You might not be screwed OP.

The key here is what the buyout amount would be at the end of the lease. If you cannot find that in your paperwork, call and ask. I say this because in 3 years, you can buy out the car, and then turn around and sell it for some $$$ and all the money you spent would not all be for nothing. It's almost always the way to go to get the most bang for your buck when you lease.

Same poster. What you could do is go ahead and buy the car. Go meet with the GM and explain you don't want to lease, you just want to buy and are very unhappy with the deal you got and you want to bring a check to purchase the car and get a figure from him. Then, get a loan from your bank, and use that check to buy the car. Your payment might only be another $100/mo.

[Anonymous]

Over 3 years you'll pay $16,700, which is basically a decent car - and have nothing to show for it. Those 5K could have been used as a downpayment for a new car. Can you get out of your lease?

[Anonymous]

Anonymous wrote:

Anonymous wrote:You might not be screwed OP.

The key here is what the buyout amount would be at the end of the lease. If you cannot find that in your paperwork, call and ask. I say this because in 3 years, you can buy out the car, and then turn around and sell it for some $$$ and all the money you spent would not all be for nothing. It's almost always the way to go to get the most bang for your buck when you lease.

Same poster. What you could do is go ahead and buy the car. Go meet with the GM and explain you don't want to lease, you just want to buy and are very unhappy with the deal you got and you want to bring a check to purchase the car and get a figure from him. Then, get a loan from your bank, and use that check to buy the car. Your payment might only be another $100/mo.

Agree. You should call ASAP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You might not be screwed OP.

The key here is what the buyout amount would be at the end of the lease. If you cannot find that in your paperwork, call and ask. I say this because in 3 years, you can buy out the car, and then turn around and sell it for some $$$ and all the money you spent would not all be for nothing. It's almost always the way to go to get the most bang for your buck when you lease.

Same poster. What you could do is go ahead and buy the car. Go meet with the GM and explain you don't want to lease, you just want to buy and are very unhappy with the deal you got and you want to bring a check to purchase the car and get a figure from him. Then, get a loan from your bank, and use that check to buy the car. Your payment might only be another $100/mo.

best advice so far.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You might not be screwed OP.

The key here is what the buyout amount would be at the end of the lease. If you cannot find that in your paperwork, call and ask. I say this because in 3 years, you can buy out the car, and then turn around and sell it for some $$$ and all the money you spent would not all be for nothing. It's almost always the way to go to get the most bang for your buck when you lease.

Same poster. What you could do is go ahead and buy the car. Go meet with the GM and explain you don't want to lease, you just want to buy and are very unhappy with the deal you got and you want to bring a check to purchase the car and get a figure from him. Then, get a loan from your bank, and use that check to buy the car. Your payment might only be another $100/mo.

Agree. You should call ASAP.

+1

Challenge is the dealer isn't going to want that deal - they make much much more from leases. Ask about dealer financing, they make about $400 - $700 on that, will help soften the blow.