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Can you change your mind on a lease car and return it to the dealership?
If you already signed the lease, you are subject to the terms of the lease and/or any penalty the leasing document states for early termination.
Can you return a car you financed for four years after just two years?
You can't just return a vehicle you can trade it in on another vehicle. If this is a lease you will have to pay early termination fees if you try to do this.
What happens if you trade in early A lease?
Getting Out of Your Car LeaseTrading in a car lease prior to the lease termination date is often a costly and credit damaging act. For many lease companies, they treat this as a "voluntary repossession" harming your credit and will charge an early termination fee, often being a few thousand dollars.A better route to take to get out of your lease is called a "lease assumption". In a lease assumption, a lease seller (the original lessee) transfers the vehicle and lease responsibility to a lease buyer (the new lessee). Once the lease assumption is complete, the buyer will make the remaining lease payments until the lease end date.With a lease assumption, the lease seller (original lessee) gets out of their lease without further financial responsibility saving them money. In addition, the lease company looks at this as a fulfillment of their credit obligation earning a positive mark on their credit history.For the lease buyer, they are often getting into a lease with no money down. In addition, monthly payments are often subsidized by a seller cash incentive offered by the seller, thus lowering the effective monthly payment for the lease buyer.Their are a few online marketplaces that specialize in matching lease sellers with lease buyers. The market leader, LeaseTrade.com, offers an easy to use marketplace with the highest success rates in the industry. If you are looking to get out of your lease early, they may be worth a look.
Can you pay off a car lease early?
yES, but you wont save much, if anything.
Can you end a car lease early for a new one?
yes you sure can but i believe there will be some kind of penalty for ending it early.
Is there a difference between a term business car lease and a commercial auto lease, or are they one and the same?
A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.
What are the options on a Toyota lease if ailing grandfather's driver's license is terminated?
The bank/leasing company really couldn't care about his license. Your grandfather has a commitment to pay a certain amount per month for a certain number of months. There is likely a stiff charge for early lease termination. You can try to find someone to take over the lease, with the approval of the bank. You can also find out the amount required to buy the vehicle outright and then sell the car.
What if your husband files bankruptcy and you have a leased car?
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Can you turn a car lease in early?
Depends on verbage original contract, but you may be held liable for the balance remaining on term. If you need to exit a Car Lease in the UK the early termination costs can be extremely expensive, some companies want the full lease paid off, others want 50%, but it can vary a lot as there is no consistency. As an alternative you can consider novating the lease (getting someone else to assume it ie take the car off you and take on the remaining payments). It will be stipulated in your contract if you can do this, under terms such as "Novate", "Assume" or "Transfer". The finance company lending the money to fund the car lease will be the ones who actually transfer the lease. After transfer you can still be liable if the other party breaks the contract, so you much confirm this so you understand before doing so. This will still cost a few hundred pounds but can be a lot cheaper. For example if you have £300 pcm to pay for another 20 months and no longer need the car, this could be a total liability of £3,000 to £6,000. You might be able to transfer the lease for around £300-£600.
Can you add a name to a car lease?
can a name be added to a car lease
How do you get out of an auto lease that has two years to go?
The best way to get out of your car lease it to use a car lease exchange marketplace and find someone to take it over. Some of these you could use are swap a lease or the newest www.carleasedepot.com. The process is simple. Go to the website and post up your car lease details. You will then start to receive messages about your car from interested lease buyers. If you negotiate an agreement with the buyer then he/she would fill a credit request from the leasing company(ex.GMAC). If approved the buyer would fill out the lease transfer application form and get approved for the lease transfer. Exchange keys and you are done. Normally you would add a cash incentive to spice up the deal but if you put a large enough down payment and your car lease is attractive then it is not necessary. Also make sure that your car leasing company allows full transfer of contract responsibility. 80% allow full transfer of the lease agreement but some do not and if the new lease buyer fails to pay the monthly payments, the leasing company would return to you for payments so double check. Other than that, there is no "out" from a lease ... check ALL the fine print of your agreement, and if there is a "clause" for termination, read it very very carefully and understand every single word. Chances are good that you would still have to fulfill the monetary obligations of the lease, even if you turned the car back in early. Hard to believe a lease at $800 per month when one can be bought outright for about $400 per month.
Where can one compare car lease quotes?
One can compare car lease quotes at the website Lease Compare. Leases can also be compared at Car Lease Deals, Cars Below Invoice, Top Car Lease Deals and M oney Supermarket.
