0
Add your answer:
Earn +20 pts
How to get back a repossessed vehicle if it was a lease?
Bring all the payments up to date.
Will it affect your credit if a car is repossessed after the lease has ended?
YES - the fact that the original term of the lease had past has nothing to do with it since the payments weren't made.
If someone cosigned a lease to your apartment can they take their name off the lease even if you have been paying the payments?
No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.
Can a cosigner on a lease evict a tenant?
no
What are the legal responsibilities of a cosigner on a lease agreement?
The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.
Does your cosigner have to be present when signing the lease?
Yes.
Is a cosigner of an auto lease obligated to pay the lease?
Yes. That's the idea.
Can someone lease a car and someone else make the payments?
Yes, all the bank cares about is that someone is making the payments.
What steps are involved in reposessing a car?
As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.
Can a coporation deduct a lease payment?
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
Can a cosigner be sued for early termination of lease?
Absolutely.
When your car is leased when can it get repossessed?
When the lease expires
