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You will have to pay any balance due after the car is sold and then it ruins your credit.

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โˆ™ 2015-07-16 19:25:02
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Q: If you have two years left on a leased vehicle but you can no longer afford the payments can you return the car to the dealer?
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Related questions

If you are including a leased vehicle in a bankruptcy and need a vehicle that you can afford payments on will you have a tough time getting a loan?

There are some creditors that offer car loans to those who' ve filed bankruptcy.

Does an auto dealer such as Nissan have the right to repo a leased vehicle if the vehicle is not insured?

YES. Read your contract. Does it call for you to maintain ins???

If a vehicle leased to you is being driven by ex-fiance who refuses to make payments can you get it legally repossessed?

IF her name is NOT on the title, you can just go get your car.

If you voluntarily let a leased car go because you can not afford it following a bankruptcy will they chase you for the remainder of the lease payments or vehicle value?

Joey, that's a good question to ask your B/K attorney. S/He would be more familiar with your states B/K code.

How do you get out of a leased vehicle?

Open the door!

Can you return a leased vehicle after one day?

why not.

Can a teen drive a leased vehicle?

No They Cannot.

How do you turn in a leased car?

All you do is call a dealer that sell that make. If not leased by the manufactuer call the leasing company for instructions

You just filed for Chapter 13 bankruptcy today and woke up to a tow truck repossessing your leased vehicle is there any way to get it back and do you have to catch up on payments first?

Yes and yes

Can I sell a leased car to a third party in CA without a dealer's license?


How can you buy out a leased car when the lease expired and car was repossessed?

When a vehicle gets repossessed it either goes back to the dealer who leased it, or, and more commonly, it is auctioned by the reclamation company. You would need to attend one of these auctions to be able to bid on one, and even then, a lot of times you have to be a licensed dealer to participate. Check on the local regulations and restrictions on the auto auctions in your area.

Can your leased car be repossessed because of no insurance even if you are up to date with your payments?

If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.

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