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If the car leasing company cancels your lease for late payments do they owe you your money back?
JenniferPollin82
No. If *they* violated the terms of the contract, they might owe you money. But if *you* violate the terms of the contract they keep whatever you've paid. Check your contract for what they're allowed to do.
Wiki User
∙ 14y ago
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Where could one find information on company car leasing?
The best online site to go on for company car leasing is the official lease guide site. They offer a lease calculator, a car leasing guide, leasing pros and cons, a lease formula, and many other features.
If you give you leased car back before the lease is up do you have to pay anymore on it?
YES, You are still obligated to complete your term of lease contract.Even if you are purchasing or leasing another vehicle and decide to trade or turn in your current lease YOU STILL OWE THEM!!!!! The leasing company is still entitled to remaning payments.. Best to look at your lease agreement...
What if you lease a car a month later you find out the leasing company has no record of your account can you keep the car for free or give it back with no consequences?
If you are leasing a car it is your responsibility to make payments. If the Leasing agent does not of record of the agreement it is still your responsibility to the bill, even if you keep the payments in a separate account. It is likely that the paperwork will resurface.
What is a car lease?
A car lease can be thought of as a long-term car rental. If you choose to lease rather than buy, you will not own the car. You will simply be leasing it for a predetermined period of time. When you lease a car, you are not leasing it from the car dealer itself. You instead lease it from a leasing company, who in effect buys the car and rents it to you in exchange for your monthly payments. This leasing company can be the financial arm of large automakers (such as GM Finance or BMW Finance) or may be an independent leasing company of the dealer's choice. The dealer generally acts as an agent on behalf of the leasing company in negotiating the terms of the car lease. The most common type of car lease is called a "Closed End Lease". In this type of lease, you and the dealer agree on the length of time and interest rate at which you will lease the car, and also on the final value of the car at the end of lease (called the "residual value" of the car). When your lease is over, you can either turn your keys in or you can exercise the option to buy the car at the pre-agreed residual value. It should be worth noting, that an open-ended lease is practically unheard of these days. Any legitimate car dealer should be offering a closed-end lease.
What is leasing company and what is problems of leasing company in India?
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.[
Where can you lease a car?
Check online for a local car leasing company.Check online for a local car leasing company.Check online for a local car leasing company.Check online for a local car leasing company.
How can you transfer car lease?
90% of the time you can transfer a car lease. It is dependent on your leasing company. You will have to find someone that is interested in taking over the remaining lease term. They will have to go through a credit check precess with the leasing company. If they are approved there will be final documents to sign and then the lease is in the new parties name and you are out.
Is there anyway to change the name on a car lease?
Only is you can negotiate that issue with the leasing company.
How does Car lease takeover work?
A lease takeover is a process where one individual assumes responsibility of another individuals current lease obligation with their leasing company. The lease takeover process can be broken down into two areas: first is the credit application - here the buyer of the lease will fill out a credit application obtained from the leasing company and apply for credit with the leasing company. Typically leasing companies hold stricter standards than just applying for credit at a dealership. Second the buyer and seller will have to sign and notarize the lease takeover documents. These are normally sent to the buyer and seller once the buyer has been approved on their credit. Once the leasing company has received the signed and notarized lease takeover documents and any applicable fees they will process the paperwork through and the buyer can then take the car as they are now responsible for the remaining term of the lease. Note: 1 - Each leasing company is different and has different fees and restrictions on lease transfers / lease takeovers. contact your specific leasing company to get full details on fees and restrictions. 2 - CANADA lease takeovers typically happen at the original dealership therefore the credit application and lease transfer paperwork can be taken care of at the dealership rather than working directly with the leasing company. Therefore CANADA consumers contact your local dealership to do a lease takeover. For more information go to www.swapalease.com the worlds largest lease takeover marketplace.
How do you lease deceased mothers car?
If the car was leased to the (now deceased) person... It should be returned to the leasing company. The lease agreement is now null and void - if you simply keep the car and try to pay the leasing company - technically you're guilty of theft !
Which financial institutions offer car leasing services in the UK?
There is a lot of choice when it comes to leasing a car in the UK. A popular company is Contract Hire and Leasing, Lease Cars Direct and Car4Leasing.
Can I lease using fleet leasing?
In most cases not. But, you would have to contact a company in your area and ask them. It really depends on the company, and what their company policies are.
