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Turn it in. It will go on your credit report as a defult.
What else can I help you with?
What if your husband files bankruptcy and you have a leased car?
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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.
What happens if a car lease is up and car is in police impound for evidence?
This is going to be expensive! If the car is crashed or stolen and an insurance company is going to deal with this then they will have to pay the costs. If the lease is up and the car can not be returned to the leasing company the lessor will need to pay for either the extra time or the whole car.
Can someone cosign a car lease for me?
Yes, someone can cosign a car lease for you. This means they are agreeing to be responsible for the lease payments if you are unable to pay.
Do you pay taxes on a lease car in Georgia?
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Can you co-sign a lease for a car?
Yes, you can co-sign a lease for a car, which means you are agreeing to be responsible for the payments if the primary lease holder is unable to pay.
What happens when a leased vehicle is destroyed in an accident and there is no insurance?
Usually, the lease car is required to be insured ... and the lease is most likely dependent on continued auto insurance being in force. If the car was destroyed (totalled) and there is no insurance to cover the loss, the car is then gone, but NOT the lease payments ... You will still be required to pay the lease as agreed upon ... would have been far cheaper to have had insurance.
Do you have to pay for extra miles on a lease if you decide to purchase the car at the end of the lease term?
Yes, if you decide to purchase the car at the end of the lease term, you may have to pay for any extra miles that exceed the mileage limit specified in the lease agreement.
Do you have to pay the balance on a lease if you volunteer to surrender the car?
Yes
Do you pay tax on car lease in nc?
Yes you do, I just got taxed over 200 dollars on my leased car and I'm in my 1st year of my lease. Check your lease, it will tell you who has to pay the property tax each year.
Can i buyout my car lease while in a chapter 13?
In Chapter 13, you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment. The trustee may not allow you to buyout a car lease if other outstanding secured debt needs to be paid.
Can a failing business get out a longer term lease?
If a business is failing, management can try to negotiate with the lessor to determine if they can get out of the lease. It is possible to get out of the lease, but you will likely have to pay fees.
