Yes
They repossess it anyway and you could be responsible for the repair cost, depending on the lease contract.
When a lease car is totaled, the car company will require the car lessee to pay the lease balance to get out of the contract. This is applicable for a wrecked car and non-reparable vehicle.
There should be no balance in trading each car. No one will accept the kind of deal.
You will most likely still owe on the lease but the balance due might be dischargeable. But you will for sure lose the car. A bankruptcy attorney will be able to tell you for sure.
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.
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Both. You will owe the balance of the lease, payoff on the car, mileage, and repo fees, including storage and auction costs.
can a name be added to a car lease
One can compare car lease quotes at the website Lease Compare. Leases can also be compared at Car Lease Deals, Cars Below Invoice, Top Car Lease Deals and M oney Supermarket.
Lease Busters helps to find someone to take over the lease of your car or for you to find a car to lease without hassle, you can take over someone else's lease. Lease Busters has a thorough Process Checklist and Offer-To-Lease form to help you in your decision for your car.
IN MOST CASES ONCE YOU GIVE THEM BACK THE CAR THEY WILL RESALE IT AND IF THE CAR WAS ORIGINALLY 15 THOUSAND BUT THEY COULD ONLY SELL IT FOR 13 THOUSAND THAN YOU WOULD HAVE TO PAY THE REMAINDING BALANCE WHICH IS 2 THOUSAND
do dealers lease used cars