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A lease is not up until next year. But a person would like a bank to take over a loan on the vehicle. How would a person get out of the lease and buy the car before the lease is actually up?
Wiki User
∙ 14y ago
You are probably still liable for the 1 year outstanding on the lease since you agreed to pay the specified amount when you signed your contract. You will most likely have to make the rest of your payments or roll the additional cost into your new loan. You should check with the bank you intend to get your new loan from though...
Wiki User
∙ 14y ago
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Your ex cosigned car lease How do you remove her from lease without losing vehicle?
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.
Can a person cancel an auto insurance policy if the car is only a lease?
As long as you have another policy in place. When you signed your lease you garanteed that the vehicle would be insurred. Uninsuring the vehicle would be in violation of the lease.
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.
Can you rent the Oscar Meyer weiner mobile?
You cannot rent the Oscar Meyer wiener mobile, but you can actually apply to lease the vehicle. There are also several contests each year that allow a person to drive the vehicle for a period of time.
What is the definition of the term leases?
The definition of lease is to cover the property, services or land for a certain period of time, to another person. A lease on a vehicle, for example, can last 1-5 years, at which time the driver does not own the vehicle, but the company provides services for it, and at the end of the lease the vehicle is returned to the company.
As the co signer for a leased vehicle am i responible for damage to the vehicle when the lease agreement is up?
Unfortunately; yes you ARE responsible the exact same as if you were the PRIMARY person on the lease. Well sorry. k love yayahs
Is a hybrid lease a better idea than a straight purchase?
A hybrid lease actually isn't a good idea in most cases for plenty of reasons. Purchasing the vehicle is much smarter because it will end up costing a person much less in the long run.
Do they take back lease cars in a bankruptcy?
An unexpired lease can be reaffirmed or the vehicle can be surrendered. The leasing company will take the car back if you are surrendering it. Keep it insured or you will have to pay for any damage sustained by the vehicle or caused by the vehicle until the leasing company actually takes possession of it.
What are the 2 types of vehicle leases?
The two types of vehicle leases are closed-end and open-end leases. A closed-end lease is a rental agreement that puts no obligation on the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a "true lease", "walkaway lease" or "net lease". An open-end lease is a rental agreement that obliges the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a "finance lease".
Can a deceased person in Texas be sued for the return of a leased vehicle?
Yes, the estate can be required to return a leased vehicle according to the terms of the lease. If you read the fine print, it's there. Do you think that the vehicle should remain the property of the estate when it was only leased in the first place? That's the idea of a lease, the vehicle belongs to the leasing company and they let you use the vehicle for the terms of the lease. The terms of the lease are defined in the contract. If the estate of the deceased has been sued, I'm sure it is consistent with the terms of the contract.
Can you trade in a leased car?
Yes, you can. When you lease a car you have the option of purchasing the vehicle at any time. When you go in to make a trade, the dealership will have to call the leasing company and get your payoff. Basically the dealership will pay the remaining balance of the lease and purchase the vehicle from the leasing company. It really depends on your situation, in a perfect world, the vehicle buyout would be the same as its trade in value but that is ususally not the case. If you have a closed end lease, you would be better off if you waited the lease out before purchasing a new vehicle. You may be fortunate enough to have vehicle that is worth more than the lease buy out amount. These days, there are a number of services which match people who are looking to lease cars with those who are looking to get out of a lease.
Can the dealership break your auto lease?
If you have met all the requirements of the lease, the answer is no. If however you have failed to meet your obligations under the lease, they for sure can cancel the lease. Leasing a vehicle is a very poor decision on your part. Buy a used car that you can actually afford. Leasing is a poor choice.
