Like, do you extend the lease? Return the vehicle and try aiming for a different dealership?
You look for the cheapest used car that you can.
Leases are really only designed for businesses so that the business can write off value and depreciation early in their balance sheets for tax purposes. Financially they don’t work out great for your average consumer.
Consumers can’t write off those monthly and yearly expenses like a business does.
Buy a used car maybe? I’ve never bought a new car as they’re pretty out-of-reach cost wise and I say this as someone who works in automotive development.
The used market isn’t as good as it used to be but you can still get more for your money than you can with a new car
Won’t a lease have the buyout structure built in? That’s the selling point, the total ownership costs are known at the time of purchase.
You can buy the car and sell it yourself if you’re not getting a good deal, but the “vehicle as a subscription service” aspect of leasing is to avoid that hassle.
I think my lease agreement has a buy in built in. But I don’t want the vehicle. It’s a Kia Sportage, it was not my choice in the beginning to have this vehicle. I wanted a Seltos but my shitty dealership at the time didn’t have it in inventory and I was caught in a rock and a hard place to be forced into this lease agreement.
So I want to turn it in but my worry is, what if the dealership in my current location, doesn’t have what I want? It’s bigger, yeah. They retired the Rio model back in 2023 and have a K3 model for affordability that might come to America next year, but who knows when.
Obviously my options is to find a new dealership if everything with Kia falls through, but I also don’t want to extend this lease. I need a vehicle to get to places which is why I asked this question. Because I doubt they’ll let me drive it further to explore more options if they aren’t getting more payments from it.
Got until August for all of this shit to come together. Hopefully they’ll have a Seltos or a K3 I can finance. Kia’s SUV models don’t attract me a bit and their new Sportage model is even less impressive.
Not sure I understand the problem. Turn the lease back in and buy/lease what you want. The two don’t need to be tied together.
Use public transit and bicycles.