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  #1  
Old 07-19-2016, 05:42 AM
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Lease issue....

Here is my situation I have a 3 year lease on my Blackhawk, it has done just over 50k in the first two years so well on the way to been a great low k car at the end of the lease.
Enter my new job minimum travel Brisbane the Gold Coast and northern nsw every day, I calculate that I will do 50-60k just in one year hence no at the end of the lease car with over 100+ k with a payout around 26k. Do I hold the car do the K's and hope it is still worth the payout or sell now with a payout of 40k and return to a std lease company 4WD.

Any advice would be good. My thought are to keep and roll the dice, just don't want too loose money?


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  #2  
Old 07-19-2016, 08:18 PM
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Re: Lease issue....

Yeah, I've got no experience with leases, I do 10k a year, it didn't seem to work out for me to do it. But I'm happy to lose a bit of money to drive my jeep. If I was worried about the money I would have bought a toyota and put up with the crappy driving experience.
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Old 07-20-2016, 03:08 AM
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Re: Lease issue....

I suspect if you return it to the leasing company, it will be sold at wholesale prices and if they don't the 40K, they will be chasing you for the difference.

Trade in price guide on Redbook is -

$32,700 - $36,200
with 30,000-50,000 average k's.

Used Car Research - Used Car Prices - Compare Cars - RedBook.com.au

So you may be around circa $5K out of pocket unloading it now.

If you keep it, I think you'll hit one of the $1K+ services plus be paying high normal service costs every 10K.

If you replace it with a little econobox with 3,5,7 year warranty + fixed price servicing every 15K, you might end up swallowing the 5K loss on running costs.

I guess i'd sit down and do the maths for each scenario, maybe check the lower range trade in value of a year older WK2 for the 'keep it' scenario.
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Old 07-20-2016, 06:33 AM
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Re: Lease issue....

Yes I looked at some 2013 Laredo's diesel with 110k plus still commanding alright dollars so I think I will keep it, at least I will be doing all that driving in comfort...


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Old 07-22-2016, 06:20 PM
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Re: Lease issue....

Talk to your lease company. Maybe they can make an adjustment to your package to account for the extra Km's with a lower residual and also have enough money in the budget for the extra running costs, assuming that it is a fully maintained lease.
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Old 08-13-2016, 12:26 AM
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Re: Lease issue....

Well I just had my 2014 Blackhawk written off with 62,000klm on the clock and the insurance company said it was worth $42,000.00 cashImageUploadedByJeepGarage1471062363.659896.jpg



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Old 08-13-2016, 12:36 AM
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Re: Lease issue....

Doesn't look that damaged to be written off...


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Old 08-13-2016, 01:49 AM
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Re: Lease issue....

Airbags go off?


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Old 08-13-2016, 06:33 AM
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Re: Lease issue....

Parts $23,000 no airbags didnot go off they are all good.


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Old 08-13-2016, 08:03 PM
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Re: Lease issue....

So more than20k in labor? Must have been touch and go for a write off.


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Old 08-14-2016, 08:50 AM
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Re: Lease issue....

$35 to get it back on the road scary for a slow speed accident.


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Old 08-15-2016, 08:31 AM
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Re: Lease issue....

So what r u going to do now Mick?


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