Wednesday, April 28, 2010

How do I end a car lease early? I understand it's not wise, but it may be necessary. Any advice?

You can always just go to the dealership that you leased from and end it. Talk to the F%26amp;I manager at the dealership. You will have to pay a fee to break the lease, which may not be financially wise, but that should be the end of it. Usually anyway!How do I end a car lease early? I understand it's not wise, but it may be necessary. Any advice?
well I think the smartest thing to do here is have a friend take the car and just make the car payments out to u and u pay them that way it wont hurt ur credit if u took it back, and it will help ur credit for getting it paid off, also ur friend will have a carHow do I end a car lease early? I understand it's not wise, but it may be necessary. Any advice?
At the end of any lease you have 4 options, Buy it, Sell it, Trade it, Keep it. You could try selling the car yourself, however, it's unlikely that your going to get close to what it owed on the lease plus the residual value. You can call the lease company and ask if you can buy it out, they most likely will want you to make the rest of your payment. If your in a lease, your not getting out of it. I lease all my cars.
You can put an ad in your local newspaper for someone to take over your lease. Give details about the vehicle you are leasing, what your lease payments are per month %26amp; when the lease expires. Also include a contact phone number to call you. Cell phone number would be best.
The best thing to do is to try and sell it. If that isn't an option you can take it back to the dealer and they'll take it back, auction it off and you'll be stuck paying the difference between what you owed and how much they sold it for. You can also let them repossess it and the same scenario happens plus you have a repo on your record.

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