You can have another person cosign for that person. As long as your the primary you wont need her to get her off the lease.
After registering your car online, and someone is interested in taking the lease off your hands then there wouldn't be a problem with swapping the lease within a month.
Take $50 off a mini-lease with Budget Rent A Car. Click here.
The vehicle was repossessed for non-payment of the lease, correct? You still owe all the money to the lender, even though you no longer have the car. You signed a written agreement with the lender promising to pay a certain amount each month for how ever many months were in the lease. You breached that written contract by not paying the monthly lease - Just because the car is taken away from you does not absolve your financial responsibility to pay for the remaining parts of the lease.
yES, but you wont save much, if anything.
When a car is leased at the end of the lease is a residual. This is the difference between what the car cost new and what was paid in the lease. Did you buy the car from the person who leased the car? Did they pay off the lease with the money you paid them? If not, there is a problem. A car with a lease is NOT owned by the person who leased it so that means the bank owns the car and has the pink slip. You have to get the pink slip from the bank. Actually, the person who sold you the car may have illegally sold the car. It would be like someone renting a house and then selling it. Check with the bank that holds the pink slip.
My step-daughter had this problem, and due to the boyfriend having horrible credit, she had to break the lease but thankfully did not have to pay a fee. So as long as the management agrees, and the boyfriend has decent credit and the income to support it, not very hard. My experience with apartment managers has not been good though, they are like a wart on the face of humanity, taking whatever opportunity to gouge you that they can. Good luck.
Probably not. It depends on the what the car is, the car's condition, the car's market value and your credit.
Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
Lease or retail installment loan-dosen't matter. You call your lienholder, get your pay-off and sell your car. If your pay-off is greater than what you are selling the car for, "you" simply pay that "negative equity" to your lienholder. If you sell your car for $15,000.00 and you owe $20,000.00 you have to pay your finance company $5000.00 and you are done. The $5000. is called negative equity.
Walk out of the car taking all your belongings and dump him.
Well, I am actively looking to trade my lease in early. How does it affect your credit?I am not certain, but I do believe it, in the least, has some negative affect on your lease and will drop your Fico; however, I am not sure as to how significant the drop and hit to the credit would be. when you lease a car you are agreeing to pay for the part of the car you use basicly the miles you put on it and the damage you do to it from new until the lease is up. You will never own the car until you buy it. terminating a lease by droping the car off at the dealer will most definatly be a bad thing for you because it is a loan and a contact you would be breaking. However if you trade it off on your next car it is no problem however you will take a beating on the trade if you are not careful. You can usually cal and get a 10 day payoff on your loan. that tells you how much you need to pay or get in trade for another vehicle. if your vehicle is a good model that retains its value you are set and should not have to much trouble getting out of it. But if you bought a not so desirable model you may not beable to get enough for the trade, then you will be paying more for your next vehicle than it is worth. This is very typical of a car deal and most people fall into this category if they have bought a new car without paying off the last one before getting into their latest one. but to answer the original question if you trade the lease in for a new car(or used) you will have to payout the lease holder to make the new car deal. That is the term of your lease. Alot of times if the lease is close to the end and you want another vehicle from the same dealer they can put you together without having to pay any early termination fees. good luck I had a lease on a car that I had for a year and a half, the lease was for 5 years and the payments ended up killing me. I took it in on a whim to the dealership I got the lease from and started complaining they screwed me on the lease while I was browsing their older used cars. I went in to talk to a salesman and they agreed to pay off my lease if I bought one of their used cars. I got slightly screwed on the price, it was a Honda civic 97 for 6500., but at least the car was in good condition with low mileage and I will own it after it's paid off. Oh and I forgot to add that my credit wasn't affected in any way because the dealership was actually paying off the leasing agency.