Dear Terry, Is there a three-day return policy on new leases where you can return the car to the dealer? What would be the costs? -- JoeDear Joe, Sorry, but the car is yours the moment you drive off the lot. You can always buy your way out of the lease, but it will cost thousands of dollars. Here are this week's reader questions:•Bad economy sinking luxury-car values•How can I stop a collector's abuse?•Can I return a lease within three days?•Will paying off my loan help me?If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter. advertisementRelated Links:7 best off-to-college carsNational auto loan averagesWhat changes auto loan rates?Related Articles:All new cars for 20105 steps to 'clunker' dealTake the 'cash back?'Read more Driving for Dollars columnsAsk a question
Dear Terry, Is there a three-day return policy on new leases where you can return the car to the dealer? What would be the costs? -- Joe
Dear Joe, Sorry, but the car is yours the moment you drive off the lot. You can always buy your way out of the lease, but it will cost thousands of dollars.
If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter.