Getting out of a lease

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  • BJ
    Confirmed User
    • Mar 2002
    • 5590
    #1

    Getting out of a lease

    Since I can't find a clear answer through google and its after hours to call the lease company, Im turning to GFY.

    I am 10 months into a lease on a car which I wish to get out of for this years model of the same car. I know I am facing a penalty for terminating my lease early. My question is am I going to be royally screwed doing this? The payoff is pretty much blue book value for the car.
    Tags: None
    • Spunky
      I need a beer
      • Jun 2002
      • 133978
      #2
      Yes ,expect to pay a high penalty for early termination.they're in it to make money

        Comment

        • DateDoc
          Outside looking in.
          • Feb 2005
          • 14243
          #3
          If you go back to the dealer you bought it from and get the new car from them I am sure they will work it out for you.

            Comment

            • ro8in
              Confirmed User
              • Sep 2006
              • 1542
              #4
              I dunno how is it if you take a lease for the new car with the same company that might help...
              ------
              Offcourse its a dude posting here. Probably a fut ugly one too. Fuck still people falling for this 100 year old trick

                Comment

                • Z
                  Vidi Vici Veni
                  • Nov 2002
                  • 6308
                  #5
                  They're going to shank you...leases are never a good idea unless it's a grocery getter and in a business name to take advantage of the write-offs.

                  But everybody's right telling you to go back to the same company.

                    Comment

                    • BJ
                      Confirmed User
                      • Mar 2002
                      • 5590
                      #6
                      Originally posted by Z
                      leases are never a good idea
                      not so I can write off a % of a lease under my business.

                        Comment

                        • the Shemp
                          congrats to the winners
                          • Nov 2001
                          • 10891
                          #7
                          Originally posted by PureMeds
                          Since I can't find a clear answer through google and its after hours to call the lease company, Im turning to GFY.

                          I am 10 months into a lease on a car which I wish to get out of for this years model of the same car. I know I am facing a penalty for terminating my lease early. My question is am I going to be royally screwed doing this? The payoff is pretty much blue book value for the car.
                          yup, like buster said above, go back to the same dealer..ive never gone full term on a leased car yet..
                          i use Vacares...so should you
                          Submit your picture galleries to my site...Outlaw TGP

                            Comment

                            • Barefootsies
                              Choice is an Illusion
                              • Feb 2005
                              • 42635
                              #8
                              Get a hammer, or find a thug

                              Should You Email Your Members?

                              Link1 | Link2 | Link3

                              Enough Said.

                              "Would you rather live like a king for a year or like a prince forever?"

                                Comment

                                • BJ
                                  Confirmed User
                                  • Mar 2002
                                  • 5590
                                  #9
                                  Originally posted by Barefootsies
                                  you feeling ok?

                                    Comment

                                    • WarChild
                                      Let slip the dogs of war.
                                      • Jan 2003
                                      • 17263
                                      #10
                                      I don't know about all leases, but every lease I've ever had I was able to buy out at anytime. If the dealer will give you trade in value equal to what your buy out, should be no problem at all.
                                      .

                                        Comment

                                        • Barefootsies
                                          Choice is an Illusion
                                          • Feb 2005
                                          • 42635
                                          #11
                                          Originally posted by PureMeds
                                          you feeling ok?
                                          Should You Email Your Members?

                                          Link1 | Link2 | Link3

                                          Enough Said.

                                          "Would you rather live like a king for a year or like a prince forever?"

                                            Comment

                                            • gfyworldnews
                                              Confirmed User
                                              • Jun 2006
                                              • 176
                                              #12
                                              What kind of car is it? Have you checked out swapalease?

                                                Comment

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