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-   -   Getting out of a lease (https://gfy.com/showthread.php?t=687508)

BJ 12-16-2006 09:37 PM

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.:helpme

Spunky 12-16-2006 09:41 PM

Yes ,expect to pay a high penalty for early termination.they're in it to make money

DateDoc 12-16-2006 09:44 PM

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.

ro8in 12-16-2006 09:44 PM

I dunno how is it if you take a lease for the new car with the same company that might help...

Z 12-16-2006 09:47 PM

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.

BJ 12-16-2006 09:50 PM

Quote:

Originally Posted by Z (Post 11540083)
leases are never a good idea

not so I can write off a % of a lease under my business.

the Shemp 12-16-2006 10:16 PM

Quote:

Originally Posted by PureMeds (Post 11540038)
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.:helpme

yup, like buster said above, go back to the same dealer..ive never gone full term on a leased car yet..

Barefootsies 12-16-2006 10:19 PM

Get a hammer, or find a thug
 

BJ 12-16-2006 10:20 PM

Quote:

Originally Posted by Barefootsies (Post 11540231)

you feeling ok?

WarChild 12-16-2006 10:37 PM

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.

Barefootsies 12-16-2006 10:38 PM

Quote:

Originally Posted by PureMeds (Post 11540241)
you feeling ok?

:1orglaugh :1orglaugh :1orglaugh :winkwink:

gfyworldnews 12-16-2006 10:56 PM

What kind of car is it? Have you checked out swapalease?


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