Some questions on leasing- specifically out of state

"KingT- 60% of the time, it works every time" (kngt) 09/11/2018 at 18:01 • Filed to: leasing, leases, car leasing

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OK so I googled this but got more answers regarding taxes and registrations than anything else so thought I might put it out here:

1. Can I le ase from another state? Are there some dealers or manufacturers who do not allow that? I didn’t see any laws against it

2. Suppose I lease in CA then move to OR, are there any restrictions on the lease?

3. Supposed I do manage to get a lease from a CA dealership (say Alfa Romeo) and then I move from OR to Maine. What does one do at the end of the lease? Can I go to any nearby Alfa Romeo dealership and return the lease? or does it have to be sent back to the CA dealership?

4. Say it’s not such a long distance scenario, I lease car from a dealer 100 or 200 miles away for a 12k a year lease. At the end of it I have 36K miles. Now the 100 or 200 miles I drive to drop off the car (Assuming that is the only dealership nearby), would that be charged as extra miles over the lease term?

Not looking to lease any time soon. Just curious to know the options available

BrianGriffin thinks “reliable” is just a state of mind > KingT- 60% of the time, it works every time 09/11/2018 at 18:10

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My experience, YMMV:

1) Leases are owned by leasing companies, so effectively your negotiations with the dealer are actually them giving you various rates quoted to them by said leasing company. Yes, you can lease out of state

2) They don’t care where you move so long as you pay them AND return it to the same leasing company

3) You have to return it to the leasing company...which may be the same nationally, it may not be. Gotta do your research. I believe most major manufacturers use the same leasing company, however I’m not 100% on that.

4) All miles count toward your allotment.  That being said, most dealerships will waive some or part of the mileage fee if you buy/lease from them.

Nibby > KingT- 60% of the time, it works every time 09/11/2018 at 18:27

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for overmileage, a few hundred they’ll probably won;t count it

KingT- 60% of the time, it works every time > BrianGriffin thinks “reliable” is just a state of mind 09/11/2018 at 18:32

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Good to know. Than ks! I guess it really depends

KingT- 60% of the time, it works every time > Nibby 09/11/2018 at 18:32

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I figured. I guess they wont be THAT strict.

gmporschenut also a fan of hondas > KingT- 60% of the time, it works every time 09/11/2018 at 18:48

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A friend of mine did it for his BMW, but he was telling the dealership in CA ahead of signing the papers. It was set up before moving back to MA and had an arrangement with a local dealer in MA to return it to. I don’t think it was a big deal, but it was discussed ahead of time. 

ITA97, now with more Jag @ opposite-lock.com > KingT- 60% of the time, it works every time 09/11/2018 at 18:49

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The lease holder doesn’t care where you move so long as you keep paying. I f you move during the lease changing the registration on the car will be no different than any other car. They’ll look at the taxes paid ( or rolled into ) the original lease and deduct that amount from what would be owed in the new state. If the original amount paid is less , then you’ll owe the difference to your new state. On leases, the taxable amount is only the value of the lease, not the value of the car.

Usually you can turn in a leased car to any dealer of that brand, but that is something that will be specified in the contract.

Textured Soy Protein > KingT- 60% of the time, it works every time 09/11/2018 at 19:00

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Generally if you buy/lease a car in another state from where you live, it will be taxed based on where you live.

If you lease a car in one state and move to another, you’ll be responsible for registering it in the new state. You should be able to turn it in to a dealer there  when the time comes.

Nibby > KingT- 60% of the time, it works every time 09/11/2018 at 19:10

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my sister was 10K over miles on her last lease and they charged her $2,000... most of that was for wear and tear + disposition fee

Nibby > KingT- 60% of the time, it works every time 09/11/2018 at 20:10

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oh i think one of my coworkers (we live on long island) leased her sentra from pennsylvania... not sure why someone would drive 2 hours each way for a sentra but whatever

nermal > KingT- 60% of the time, it works every time 09/11/2018 at 20:17

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It depends on who you lease through - Either the manufacturer’s finance company, or an independent bank. If it’s through the manufacturer, you should be able to return the car to any dealer of the same brand. If it’s through an independent bank, contact the bank.

Your experience at lease turn-in is generally better if you’re buying / leasing a new vehicle from the dealership you’re turning the car in to. They’re more likely to waive mileage overages, or small dings and dents or other wear items.