Any way to get out of a car lease with 18 payments left?

[Crazymofo]

Please tell me there is!

 

[Pepsi90919]

NO SOUP FOR YOU

 

[bunker]

Yeah, make your 18 payments now...that'll get you out.

Seriously, you're SOL. I've been leasing vehicles for a while.

 

[Crazymofo]

Originally posted by: bunker
Yeah, make your 18 payments now...that'll get you out.

Seriously, you're SOL. I've been leasing vehicles for a while.

yeah I know, either it gets stolen or I total it.... otherwise I'm stuck paying for it :|:|

 

[3point14]

not happy with the car?

 

[Crazymofo]

Originally posted by: 3point14
not happy with the car?

I actually like the car quite a bit I just don't like paying $400 a month for it anymore...

 

[MercenaryForHire]

Get someone to take it over

- M4H

 

[Mr N8]

I'm guessing...

1. Kid on the way

2. Lost job

 

[3point14]

Originally posted by: MercenaryForHire
Get someone to take it over

- M4H

Have you used them before?

I am in kinda the same boat. I am going back to school to be a Graduate Assistant and the stipend will barley cover my car payments. I either have to take a big hit or try and lease it to my parents for a year.

 

[Vic]

You will get hosed. This is just 1 of the many reasons why I would never lease a car (for personal use).

 

[cjchaps]

Like the other folks have said, try to find someone to take it over for you. Did you put down any $$ as a down payment? On the TV commercials they seem to say things like "$2500" at lease signing. If you didn, you should be able to find someone to jump on this deal because they don't have to pay the down payment. If, for example, it's a mustang, I would recommend going to a mustang board/forum and seeing if anyone wants to take over your payments. I think if you declare bankruptcy they might let you out of it. You should also call the people you are leasing it from and talk to them. They may have a "buy out" option or something like that?

 

[Crazymofo]

Originally posted by: MercenaryForHire
Get someone to take it over

- M4H

I'll check this out but I really doubt anyone will want it...

 

[Crazymofo]

Originally posted by: Vic
You will get hosed. This is just 1 of the many reasons why I would never lease a car (for personal use).

Never again will I lease a car or buy new... unless I am uber-rich and don't care.

 

[Crazymofo]

Originally posted by: MogulMonster
I'm guessing...

1. Kid on the way

2. Lost job

Neither just trying my hardest to reduce debt...

 

[dullard]

This is why I consider leasing the second stupidest thing you can do with respect to cars. (Right behind buying new and selling them less than 2 years later).

 

[Crazymofo]

Originally posted by: cjchaps
Like the other folks have said, try to find someone to take it over for you. Did you put down any $$ as a down payment? On the TV commercials they seem to say things like "$2500" at lease signing. If you didn, you should be able to find someone to jump on this deal because they don't have to pay the down payment. If, for example, it's a mustang, I would recommend going to a mustang board/forum and seeing if anyone wants to take over your payments. I think if you declare bankruptcy they might let you out of it. You should also call the people you are leasing it from and talk to them. They may have a "buy out" option or something like that?

Large down-payment but I rolled some neg-equity...

 

[Crazymofo]

Oh not to mention I'm over my miles already

 

[ggavinmoss]

What kind of car is it?

-geoff

 

[gluck]

Goto swaplease.com & leasetrader.com. Post your Advertisement & see if anyone is interested in it.

 

[Crazymofo]

02 Focus ZX3

 

[Cerebus451]

Originally posted by: Crazymofo

Originally posted by: bunker
Yeah, make your 18 payments now...that'll get you out.

Seriously, you're SOL. I've been leasing vehicles for a while.

yeah I know, either it gets stolen or I total it.... otherwise I'm stuck paying for it :|:|

Actually, that won't get you out either, unless you bought gap insurance. Your insurance company will only cover the current value of the car, which likely isn't even close to closing out your lease. You'd have to cover that out of pocket.
You can contact the leasing company to find out what the current buyout on your lease is, and compare it with what you could get for the car by selling it. If they are close, you might consider trying to cover the difference. If not, you are SOL.

 

[Chiropteran]

Originally posted by: Crazymofo


Large down-payment but I rolled some neg-equity...

Then by paying your lease payments you ARE paying off debt. That neg-equity will be gone when you finish out the lease.

 

[thomsbrain]

edit: nevermind

 

[StageLeft]

Bend me over and do me raw. You're paying $400/month for an 02 focus LEASE? That is NOT right. Did you roll your medical school tuition in when you said neg equity?!

 

[Crazymofo]

Originally posted by: Skoorb
Bend me over and do me raw. You're paying $400/month for an 02 focus LEASE? That is NOT right. Did you roll your medical school tuition in when you said neg equity?!

yeah you don't want to know and I don't want to tell