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What if you leased a vehicle and a month later find out that the leasing company had no record of the account being set up Can you just keep the car for free or maybe even give it back?
Dancherry50
If you leased a vehicle and the leasing company had no record a month later there are a few options. You can keep the car dishonestly and hope someone doesnÕt report it stolen, or save the payments until the agreement is found and updated so when the agreement is found you are not behind. Lastly, you can turn the car back in.
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∙ 10y ago
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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
Can any insured driver drive someone else's insured leased car?
You are covered if you are a licensed driver regardless what they say. A leased vehicle is owned by the leasing agency not by the person who is leasing it. The terms of the contract will designate who may or may not drive the vehicle and nothing else applies.
Can a deceased person in Texas be sued for the return of a leased vehicle?
Yes, the estate can be required to return a leased vehicle according to the terms of the lease. If you read the fine print, it's there. Do you think that the vehicle should remain the property of the estate when it was only leased in the first place? That's the idea of a lease, the vehicle belongs to the leasing company and they let you use the vehicle for the terms of the lease. The terms of the lease are defined in the contract. If the estate of the deceased has been sued, I'm sure it is consistent with the terms of the contract.
if a apartment building was under forclosure or sold under forclosure what happens if their were appliances leased i that building Do they automatically go to bought the place or does the company that leased them get them back?
the company leasing them gets them back they own them same as renting things.
What are the consequences of not paying off a leased vehicle?
heres an FAQ on that. http://www.automotive.com/auto-loans/36/loan-tips/car-leasing-faqs.html
What happens if a leased vehicle is in an accident?
If a leased vehicle is in an accident, the lessor has to notify the lease company, along with their insurance company. Sometime the lease company will have you go through your insurance for repairs, other times they send you to their repair shop (if they have one).
Is it illegal to remove parts from a lease car?
Yes. If the car is leased then you do not own it, it belongs to someone else (the leasing company), and you have no right to their property.
Is it legal for a leasing company to disable leased equipment in Texas?
If the leasing company owns the equipment AND they are not being paid per the provisions of the lease they can legally take possession (re-possess) their assets. Disabling it could be a viable alternative to physically re-possessing it.
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 !
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...
Can a leasing company consider it a repossession if you turn a leased car in early?
Yes when a leasing company regains control of an asset it is still considered a Repossession repossession is much easier in a lease agreement than it is in a finance agreement due to the fact that the asset is owned by the leasing company, in a finance agreement you control ownership and the bank only holds security in the asset.
Does a bank have to pay tickets on a car it has financed or leased?
No. Tickets must be paid by the driver or the individual leasing the vehicle, and not by the bank. However, once the vehicle has been repossessed, the bank is then responsible for the vehicle (including any tickets which may accrue).
