Mazda3 Forums banner
1 - 2 of 2 Posts

·
Registered
Joined
·
10 Posts
Discussion Starter · #1 ·
I'm coming up on the end of my lease in June, with the last payment coming out in May.

My question is what are the costs if I buy the car, and what are the costs if I return it?

The buyout cost is $12500, apparently there is GST and PST (I'm in Canada) on top of that, as well as some 'Administration Fee'. Does anyone know how much this administration fee is? Are there any other fees?

If I return the car with 25,000kms over, will I have to pay any sort of additional fees on top of the mileage charges? Excessive wear and tear or anything?

Thanks
Eric
 

·
Registered
Joined
·
10 Posts
Discussion Starter · #3 ·
[quote author=danielj link=topic=137320.msg2960387#msg2960387 date=1235577060]
Do you have your lease contract? All the details and fees (with perhaps the exception of GST) should be included.

You shouldn't be hit with any excess wear charges unless the vehicle has incurred excess wear. Even then, the burdon is on the dealer to prove these wear items are excessive.

Are you planning on purchasing the car or returning it?
[/quote]
Well the car is in great shape, and the tires are brand new, so I don't feel that there has been excessive wear. I've just heard that the dealerships often try to ding you with that.

I'd like to purchase it, but the issue is that I may not have the cash required by the time my lease is up. So rather than buying it, I'll be forced to pay the mileage charges and then lease a new one. Which will be far more expensive in the long run, but may be all that I can afford at the moment. Though I may be able to get a car loan, I'm not sure.
 
1 - 2 of 2 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top