End of lease 'specials'--scam?

kmart00kmart00 Member Posts: 28
edited April 2014 in General

I have a 2011 Kia Soul ! (exclaim). My 3 year lease has about 4 months left and I am getting hammered by junk mail offers for up to $3k to pay off my lease agreement.

I cant tell by the fine print, but I am thinking that they they roll that $3k into the capitalized cost?

Is this a 'scam'--or are manufacturers giving dealerships an additional bucket of dollars as incentives to get you to trade in your lease early?

Comments

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481

    Edmunds has a good article on the pros and cons of these "deals".

    http://www.edmunds.com/car-leasing/early-car-lease-return-deals.html

  • kmart00kmart00 Member Posts: 28

    thanks!

  • kmart00kmart00 Member Posts: 28

    To follow up on this..

    So, I took my car to Kia... They gave me a generous offer for my Soul... Above the Galves value.

    This gave me motivation, so I went to Subaru... They gave me exactly the Galves trade in value, which was more than the payoff amount for my car. I am now happily ensconced in a 2015 Forester :smile:

    I didnt get the'$1500' pull ahead offer (I assume that would have been on top of the trade in value) at Subaru--just Kia didnt have what I was looking for this time

  • Kirstie_HKirstie_H Administrator Posts: 11,249

    Congrats, and thanks for returning to follow up and let us know that, at least in your case, it wasn't a scam!

    MODERATOR /ADMINISTRATOR
    Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
    Review your vehicle

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