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The only way to know for sure would be to call the leasing company and ask if they allow an early return based on your circumstances. I am sure there will be charges involved, but it would be better than ruining your credit with a voluntary repossession.
The other possibility is that you could try going to the dealership you leased from and see if they would be interested in purchasing the car for what you owe on it. The used car market has been booming, and I know that at the dealership I work at, we have been purchasing vehicles from customers to put into our inventory.
Good luck.
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∙ 14y ago
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Can you cancel an auto lease contract in PA?
if your the leaser you can cancel anything there is usually a procedure that you have to do and another to get the car back
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.
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.
Where can information on auto lease takeovers be found online?
You can find information about auto lease takeovers at your local car selling locations like Toyota. If not, you can go to the Autos website to find information about auto lease takeovers.
How can you refinance your auto lease while in bankrutcy?
You may be able to reach a new deal with your leaseholder. The bankruptcy judge may cancel your lease. Or you may be able to convince your leaseholder to come up with a better deal since otherwise you will need to take it before the bankruptcy judge.
Is a cosigner of an auto lease obligated to pay the lease?
Yes. That's the idea.
Can you cancel auto insurance if you are not driving?
If you don't own a vehicle, or have no intention of driving, you do not have to maintain auto insurance.
How long does the co-signer have to stay on an auto lease?
The co-signer is responsible until the lease expires or until a new lease is executed.
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 is the auto lease address?
Depends on who you financed it through.
How do you find out what it would cost you to buy out your auto lease?
Call your lease company and ask them for your payoff (or buyout).
What are the penalties for ending a commercial auto lease?
The penalties for ending a commercial auto lease will depend on the paperwork that was signed at delivery of the vehicle. Many times there is a hefty fine.
