Just an FYI.
This is a discussion on Modding a lease within the New Member Hangout forums, part of the Community - Meet other Enthusiasts category; Originally Posted by scannon If you mod the leased car, keep the original parts and put them back on the ...
Just an FYI.
I'm rambling, but the moral of this story is, voiding won't happen with a mod. Denial will if the problem is because of that mod. Just be aware of this point no matter what you do.
First off you both are off when it comes to leasing. The MANUFACTURER decides leasing RATES and RESIDUAL VALUE not the dealer itself. The owner of the lease is whomever the MANUFACTURER LEASING COMPANY is. For FORD it is the CAB LEASING COMPANY. Also the Dealership does not own the car during a lease, the leasing company does. The residual value is a projected future value of the car that is only recouped by the leasing company selling the car at the end of the lease at an auction, having a dealership buy at residual value + fees, or having the customer buy the car at residual value +500 plus other fees. Now I can only speak from experience with FORD because this is where I work. RESIDUAL VALUES cannot be negotiated, only the sale price of the car. ALSO RATES are set by the MANUFACTURER and CANNOT be negotiated unless you pay the total amount of the lease UPFRONT, in which there is still a 0.1%-0.25% interest charge, for FORD I can only speak for. I'm not gonna type out the rest unless I need to but you get the picture here. Don't talk like you know the process unless you know the ACTUAL WAY IT WORKS.
And of course the person leasing is the owner, but I figured that was a given haha
Don't bother leasing. The lease rates for subaru's suck.
Subaru doesn't discount the lease rates like mercedes and bmw does. I was going to lease my 2014 wrx but the difference between buying and leasing with today's low interest rates was $90.00 a month.
I decided just to buy and I can always sell if i'm not happy with the car after 3yrs since subaru's have really high resale values.
Your probably better off buying a 3yr used sti with the lower purchasing cost and lower insurance rates, you'll have more money for mods and more disposable income.
Honestly at your age, having to pay the rip off insurance rates for a new car, your better off just buying a 2-3yr used one, the difference in insurance is huge.
Anyways, This thread has gotten way off topic.. the OP was asking about modding a leased car, not all of this other crap.
Not sure who your insurance company is, but drop them. I am 22, been on a policy since I was 16 under my father's name. I just bought my 2011 wrx premium last month on my own. I checked with allstate (can we say company names, sorry if not) , and my premium every 6 months is 404. 500 dollar collision, 500 dollar comprehensive. 100/50 with UM. That's like 65 a month for full coverage on my own policy. I get drivewise and school discounts though....shop around on insurances bud
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Let's please keep the thread on topic.
The OP asked about modding a car that the OP does not own. Who does own it, what deals are available, etc. are somewhat interesting but in the final analysis, irrelevant.
I would not mod a car I didn't own.
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I leased my 06 and modded it to stage 2, did suspension, wheels, etc before my lease was up
I went in to it knowing I was going to buy it out at the end of the lease and I didn't really care about my warranty.
This is not the norm though so you will need to do what fits your situation.
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Lets make this simple. Who ever holds the title owns the car.
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