New car lease storiesA true story for you about a new car lease gone bad. My ex-girlfriend's dad entered a program a few years back. He made the number one mistake. He took the cheapest option available on the model vehicle he was interested in. Mr. anonymous we will call him so he doesn't break down my door in revenge decided to lease instead of buying the vehicle. This was due to the fact he was on a string of trading vehicles in every two or three years.
He justified getting the cheapest lease by stating the car would be used in a secondary support roll and the that his primary vehicle would be his wife’s grand am which they owned outright. He selected a beautiful luxury car and signed up for the shortest term and also the least amount of miles available being 8,000 miles a year and a total of 24,000 miles in the 3 year period. Each lease program will have different mileage caps as in a limit of miles you can drive without penalty. If you go over the mileage cap you can be charged heavy fines for every single mile you go over the cap. Note that the lease company may cut you some slack if you are rolling over into a new contract.
Cheap car lease
Here is the meat and potatoes of this story. Mr. anonymous and his wife loved this luxury car. They went everywhere in this car. The grand am or the primary car sat in the driveway. They loved to be seen in their brand new luxury car. Well to make a long story short the vehicle had reached the 24,000-mile limit in just one year of driving and 2 full years short of the lease term.
He approached me to help him with his problem. He demanded that I disconnect the speedometer so he could continue to drive the vehicle and not run up miles on the odometer. I explained that not only was this against the law but also it would not work. The vehicle manufacture has many built in deterrents to stop this type of cheating on the lease contract.
Cheating on a new car lease
I tried to explain to him that the vehicle used the speedometer and odometer to receive a vehicle speed input for the computer and that with no speed input that the transmission would not shift out of first gear.He did not believe me and got very angry with me that I would not assist in his fraud attempt. Well he figured out how to disconnect the speed sensor on his own and drove the car. Yes it would not shift out of first gear. So if he wanted to drive this car with a very low first gear ratio he would have a top speed of about 15 mph. It would also not be good for the engine to rev that high for long periods of time.
I asked him if he saw the movie Ferris Buelers day off. He said no he hadn’t. Well it didn’t work in the movie and I knew it wouldn’t work on his modern luxury car either. He again got angry with me and could not understand why I couldn’t help him. Yes he jacked the car up and ran it in reverse and no the mileage did not go backwards. Mr. anonymous was stuck with the new car lease and all the rules that came with it. As a side note the man was so angry about his situation that he made his daughter break up with me after I declined to roll back his odometer. So I never got to find out how much the penalties added up to at the end of his new car lease. I do know that the luxury car sat in his driveway for the last year of its lease term.
It is easy to be overwhelmed by the mass of paper work and loads of fine print. The beauty of a luxury car can be intoxicating to the point of hindering your best judgment. Know what to look for and be knowledgeable about car leasing. If you found this story interesting please give us a  Custom Search The best place to find out more about the information available at Auto-Facts.org is on the homepage. You can also find a lot more answers to common car questions
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