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What else can I help you with?
When your car is leased when can it get repossessed?
When the lease expires
What if you bought a car that still has a lease?
When a car is leased at the end of the lease is a residual. This is the difference between what the car cost new and what was paid in the lease. Did you buy the car from the person who leased the car? Did they pay off the lease with the money you paid them? If not, there is a problem. A car with a lease is NOT owned by the person who leased it so that means the bank owns the car and has the pink slip. You have to get the pink slip from the bank. Actually, the person who sold you the car may have illegally sold the car. It would be like someone renting a house and then selling it. Check with the bank that holds the pink slip.
Can you sell your leased car before the end of the lease term?
Yes, you can sell your leased car before the end of the lease term, but you will need to pay off the remaining lease balance in full before transferring ownership to the buyer.
Is it possible to sell a leased car before the lease term is completed?
Yes, it is possible to sell a leased car before the lease term is completed, but there are certain conditions and procedures that need to be followed.
Are there any tax benefits in using your leased car for your business activities?
There can be. On your owned car you can get depreciation and probably interest as a business espense. On a leased car you get a calculated amount of the lease payment, with certain restraints, etc......so it depends on many things: the cost of th car, the terms of the lease, your other business positions, etc. Many websites have a lease vs buy analysis...that includes the cost of funds and such too.
Can you use a leased car as collateral for a loan?
Yes, you can use a leased car as collateral for a loan, but it depends on the lender's policies and the terms of the lease agreement.
Can you sell a leased car before the end of the lease term?
Yes, you can sell a leased car before the end of the lease term, but there are some factors to consider such as the buyout amount, early termination fees, and the agreement with the leasing company.
What is the process for turning in a leased car in order to lease another vehicle?
To turn in a leased car and lease another vehicle, you typically need to schedule an inspection, return the car in good condition with all required documents, pay any outstanding fees, and discuss lease-end options with the leasing company.
Typically, how long can you have a car leased?
You can negotiate a smart car lease but typically you will lease for 3 years because it is not smart to get into a long term lease. It is also important to get low monthly payments.
Is it possible for me to sell my leased car before the lease term is completed?
Yes, it is possible to sell a leased car before the lease term is completed, but there are certain factors to consider such as the buyout amount, early termination fees, and the agreement with the leasing company.
Repossession of a leased car in ct?
YES LEASED VEHICLE SCAN BE REPO'D, YOU NEED TO READ YOU LEASE AGREEMENT AND CHACK LOCAL AND STATE LAWS.
You want to return a leased car but they want you to buy it can they make you buy it?
The answer to this would be in the paperwork that you signed when you leased the car, or anything you signed afterwards. Usually the answer is no, but it depends if you agreed at the outset to buy it.
