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Will it affect your credit if a car is repossessed after the lease has ended?

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2003-12-29 07:22:17
2003-12-29 07:22:17

YES - the fact that the original term of the lease had past has nothing to do with it since the payments weren't made.

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It is possible but not advisable to break a lease on a car. The car would be repossessed, and the repossession would go on your credit report.

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The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.


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