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News: How to Get Money Back When You Turn in a Leased Vehicle

Q: I’m about to turn in my leased Mazda. The lease specified a limit of 10,000 miles a year for three years, but I’ve driven the car only 16,000 miles. Does the lower mileage give me any negotiating leverage if I want to lease another Mazda?

A: It might. “Because of the low miles, there’s a good chance there is equity in the lease, meaning the lessee could walk away with money in his pocket,” says Ron Montoya, senior consumer advice editor for Edmunds.

Read the complete article at: Kiplinger


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