To Lease or Buy-Know Before You Go!

How To Avoid Extra Costs At The End Of Your Lease
$250 to dispose of your vehicle, $1000 for extra miles you put on the clock
and $200 to replace the light bulb and the worn tires--lease agents
constantly nickel-and-dime consumers when their lease runs out.
Here's a rundown of what can trigger those fees, and some steps to take in
self-defense.
Disposition fee: leasing companies charge you if you choose not to buy the
vehicle at the end of your lease. This fee is set as compensation for the
expenses of selling, or otherwise disposing of the vehicle. It typically
includes administrative charges; the dealer's cost to prepare the car for
resale and any other penalties. Make sure this fee is stated clearly in the
contract and is agreeable by you before signing on the dotted line. At
lease-end, you are left in no position to negotiate as the dealer can apply
your refundable security deposit towards this fee.