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A week After signing a contract for 38 month lease of a Nissan Maxima for $656 a month with an initial deposit of 1950. The Nissan corporation decide to offer the same car with a $2000 deposit for $299 per month. I tried returmning the vehicle so that I can take advantage of the special but was denied? What do you recommend?

Submitted: 193 days and 10 hours ago.
Category: Intellectual Property Law
Value: $15
Status: AWAITING CUSTOMER ACTION
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Long Branch, New Jersey

Already Tried:
I tried contacting Nissan Corp to plea my case but they indicated that once the contract is signed they cant renegotiate. This is highway robbery, I could have saved 10K.

Posted by Kumar Paturi Esq 193 days and 10 hours ago.

Answer

In NJ their is no law that covers your situation, you agreed to the contract terms and signed the contract. The Lemon law would not apply since their is no damage, I suggest your only option is to try to transfer the vehicle.



Transfer

    * The lowest-cost option is usually to transfer ownership of your lease to someone else.

   1. The first thing to do is talk to your dealer; some leases do not allow transfers at certain times during the contract period (or at all).
   2. Transferring your lease will allow someone else to take over the payments and have their own short-term lease.
   3. You will be responsible for paying for the credit application fees of the new lessee ($300-500).
   4. You can find someone to transfer your lease to by placing an ad in the paper or online. Ask around your friends, too, as you might already know someone who's interested.
   5. If you can't (or don't want to) find someone to take over your lease yourself, you can use a service such as Swapalease.com. They will help you through the process, typically for a few hundred dollars.
   6. Transferring a lease can take some time (particularly when finding a new lessee), so plan accordingly.
   7. You cannot simply transfer your lease to another person yourself. You must go through the dealer.

193 days and 10 hours ago.

Reply

Can I go to another dealership and purchase a vehicle by trading in my leased vehicle

Answer

yes, but their may be significant up front fees, try this route and see if it is worth it.

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Expert: Kumar Paturi Esq
Pos. Feedback: 100.0 %
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Answered: 5/14/2009

Lawyer

10 years intellectual property exp

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