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NO, you signed a contract and are bound by that contract until the terms are fulfilled.
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.
of course not, if you signed the papers then you can't return it.
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.
YES, its legal. The lease you signed was a legal contract calling for you to do certain things at certain times. You defaulted on those terms and the Lender is reporting that you defaulted.
At the end of a car lease u return the car to the dealership. The most u get is a 6 month extension. Hope that helped. Adios.
A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.
Once you purchase the car and have signed the papers, it is yours. You cannot return it.
You can lease a car from most dealerships. You can only lease new vehicles and not every vehicle is available to be leased. To lease a car you simply make a small down payment. Usually less than 20% of the cars value. Then you make monthly payments for the rest of the lease. When the lease expires you have to return the car.
If others who are co-signed on the car are in an accident, and cannot afford to pay and charges or fees as a result of that accident, then yes, as a co-signer the primary lease holder will be liable for those oustanding payments.
You cannot return a used car in Oregon unless it is under warranty. You signed a contract and are stuck with your car.
If you signed an agreement or contract saying so then yes. If he is just holding your car for money's sake then that is unlawful.