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Getting out of a SUV lease
Posted on 8/23/17 at 5:26 pm
Posted on 8/23/17 at 5:26 pm
I am leasing a 2016 Buick Enclave. Lease deal was 39 months at $308.00 per month (plus monthly sales tax on payment). I have 19 months left. Is there a good way to get out of a lease?
7
Posted on 8/23/17 at 5:48 pm to oldtimefootball
swapalease or leasetrader
Posted on 8/23/17 at 5:53 pm to oldtimefootball
Well I've gotten out of an auto lease but I wouldn't know about an SUV lease. I think that changes the circumstances.
Posted on 8/24/17 at 8:10 am to oldtimefootball
You get out of a lease the same way you get out of any other form of financing.
Determine your payoff (typically just sum of remaining payments + residual), sell the vehicle. You owe the difference or make a profit.
Determine your payoff (typically just sum of remaining payments + residual), sell the vehicle. You owe the difference or make a profit.
Posted on 8/24/17 at 8:20 am to oldtimefootball
Go trade it in.
Posted on 8/24/17 at 11:32 pm to oldtimefootball
I knew a guy who had a lease. Got terminally ill and was in hospice. Car lessor did not give a shite. Sorry, soon to be widow, your monthly is due.
I guess you have to think of it like a note if you bought the car. I'm moving to Australia, about to die, etc. Tough. Pay up.
I guess you have to think of it like a note if you bought the car. I'm moving to Australia, about to die, etc. Tough. Pay up.
Posted on 8/25/17 at 8:37 am to oldtimefootball
You owe them X amount on your trade in date, plus your payments until them. Can you not just sell your vehicle then pay them the X amount, plus your monthly payments with whatever you have leftover?
Posted on 8/28/17 at 1:08 pm to Twenty 49
quote:
I knew a guy who had a lease. Got terminally ill and was in hospice. Car lessor did not give a shite. Sorry, soon to be widow, your monthly is due.
The only way thay happens is if the wifes name is on the loan.
Otherwise they would have to make a claim against the estate of the deceased.
Posted on 8/28/17 at 1:56 pm to NYNolaguy1
quote:So then the widow still pays?
Otherwise they would have to make a claim against the estate of the deceased.
Posted on 8/28/17 at 2:50 pm to achenator
quote:
So then the widow still pays?
Kind of. It would come from whatever left over assets the husband had before he passed. Her assets would be safe.
Its only his money that would be touched.
Eta: it would be no different than a personal loan, credit card, student loan, etc...
This post was edited on 8/28/17 at 2:52 pm
Posted on 8/29/17 at 11:12 am to oldtimefootball
Didn't you recently leave the SUV in Houston? Sorry it was totaled because of flood damage. Most leased vehicles require GAP insurance.
This post was edited on 8/29/17 at 11:13 am
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