St. Petersburg Times Online: Action

Form specifies what dealer will pay
On March 23, I leased a Toyota Camry from Sun Toyota in New Port Richey. The lease is my fourth Toyota lease and my third from Sun Toyota. The procedure when you turn in your old leased vehicle for a new one is that the dealer purchases whatever monthly payments are due plus whatever overmileage is on the vehicle or whatever rate is written in the contract. The mileage from the vehicle is compared with the agreed-upon mileage on the contract, and the dealer calls the finance company to find out the number of payments left on the contract. Everything is totaled up, including a final fee of $250, and a check is sent by the dealer to the finance company. The leased vehicle is no longer the lessee's (mine), and I then proceed to lease another vehicle.