New lease and mileage?

[Ocean2S]

How tight are they if you go over the lease mileage? Also, can you buy the car or trade it at another dealer at the end of your lease?

 

[ewoodrick]

How tight are they if you go over the lease mileage? Also, can you buy the car or trade it at another dealer at the end of your lease?

The specs and penalties should be specified in your lease.

 

[jjrandorin]

How tight are they if you go over the lease mileage? Also, can you buy the car or trade it at another dealer at the end of your lease?

What do you mean "how tight are they if you go over the lease mileage". The lease mileage penalty should be on the lease paperwork you signed.

Tesla does not operate like a traditional car dealer so they are not going to "forgive lease mileage if you buy a new car" (note that in all cases that happens, the traditional dealer is making enough money off you on the new car to do that, so there is never any freebies).

You will pay the lease overage charges, whatever they are in your contract.

The answer to the other question is also in your lease contract paperwork but the answer is currently "no you cant sell it, you cant buy it you can do nothing but give it back to Tesla".

 

[Ocean2S]

What do you mean "how tight are they if you go over the lease mileage". The lease mileage penalty should be on the lease paperwork you signed.

Tesla does not operate like a traditional car dealer so they are not going to "forgive lease mileage if you buy a new car" (note that in all cases that happens, the traditional dealer is making enough money off you on the new car to do that, so there is never any freebies).

You will pay the lease overage charges, whatever they are in your contract.

The answer to the other question is also in your lease contract paperwork but the answer is currently "no you cant sell it, you cant buy it you can do nothing but give it back to Tesla".

This is what I was after. Thanks. I’ve had several leases where traditional dealers forgive the mileage.

 

[ewoodrick]

This is what I was after. Thanks. I’ve had several leases where traditional dealers forgive the mileage.

They didn't forgive the mileage, they took it out of your next purchase.

i.e. they screwed you later. And the mileage overage was probably far from being the amount!

 

[jjrandorin]

This is what I was after. Thanks. I’ve had several leases where traditional dealers forgive the mileage.

As @ewoodrick said (and I also mentioned in the post you quoted), Traditional dealers never "forgive" mileage. They take the cost it would cost you out of the deal somewhere else. They either buy the car at a lower price than they otherwise would have (and use part of that profit to pay for the mileage), or bury the money the mileage cost into the cost of the new car deal.

There is no circumstance in which they simply "eat" it or "hand wave" it away. You still pay it, but if you dont know how traditional dealers function you may not realize you were paying it.

Same thing with "I had damages on my lease turn in but the dealer didnt charge me for them". The more things "the dealer didnt charge for" on your previous lease returns, the worse your deal on the new car you got was.

 

[ewoodrick]

As @ewoodrick said (and I also mentioned in the post you quoted), Traditional dealers never "forgive" mileage. They take the cost it would cost you out of the deal somewhere else. They either buy the car at a lower price than they otherwise would have (and use part of that profit to pay for the mileage), or bury the money the mileage cost into the cost of the new car deal.

There is no circumstance in which they simply "eat" it or "hand wave" it away. You still pay it, but if you dont know how traditional dealers function you may not realize you were paying it.

Same thing with "I had damages on my lease turn in but the dealer didnt charge me for them". The more things "the dealer didnt charge for" on your previous lease returns, the worse your deal on the new car you got was.

There's a commercial going on in at least our area from We Buy Any Car that indicated that when trading in your car to a dealer, you lose $1000.

The ONLY was to buy a car is to negotiate the actual car price by itself. No trade-in, no lease.
If you want to trade-in or lease, then do that after the car price has been determined.

It's amazing how those "We'll give you something when you return your lease deals" can get added to a vehicle when you don't turn in a lease.

When they bundle a trade-in and a lease, or financing together, they know exactly where to hide the jacked-up cost so that you don't see it!!!