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Q: Do you have to pay the balance on a lease if you volunteer to surrender the car?
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If you volunteer a reposession on a lease car and the car is not operable what happens?

They repossess it anyway and you could be responsible for the repair cost, depending on the lease contract.


What happens when you total a lease car?

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.


Can you trade in a car with a balance to lease a car?

There should be no balance in trading each car. No one will accept the kind of deal.


If you lease a car and file for bankruptcy what happens to the car?

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.


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 if your husband files bankruptcy and you have a leased car?

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When a leased car is reposessed do you owe just the amount left on your lease or the full amount of the car if you can't afford to pick it up and you let them keep it?

Both. You will owe the balance of the lease, payoff on the car, mileage, and repo fees, including storage and auction costs.


Can you add a name to a car lease?

can a name be added to a car lease


Where can one compare car lease quotes?

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.


What does lease busters do for someone?

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.


If you surrender your car because you can't afford it how much do you have to pay on the balance?

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


Can you lease a used car?

do dealers lease used cars