I live on the Big Island of Hawaii. A week ago I signed a lease for a Scion IQ. I love the car and the lease was seemed like a good deal. The problem is the finance person at the dealership called and said he needs me to sign a new lease. He told me the main problem with the lease I signed is the payment due date and that they had miscalculated the total cost of the car. He said it was actually in my favor. When I received the new lease, the cost of the car had been lowered, but a refundable deposit of $163 that was on the first lease was not there and the rent charge had changed from $145 to $1,383. Do I have to sign this new lease? It’s not as good a deal and I don’t want to sign it. If I don’t sign it, will I still be able to keep the car? I have a copy of the lease I signed a week ago and I’ve been charged for the down payment.
Please help. I’m being pressured to sign the new lease. This is a small island and this is the only dealership I can lease this car from.