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SVTPerformance's Chain of Restaurants
Road Side Pub
Question for anyone who's sold a car that's a lease, before lease was over
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<blockquote data-quote="wvmystichrome" data-source="post: 4742416" data-attributes="member: 29010"><p>It kinda sounds like you purchased the car not leased with them giving you a payoff amount of the full price. I would definitely call the dealer tomorrow and find out what the deal is. Everyone I have ever known that leased a vehicle went full term so I am not for sure about if you want out early. I do remember one of the ladies I work with leased a car and tried to trade it in at a different dealer and they told her there was no way. She was told she had to take the car into the dealership she leased it thru. That may be what you have to do is take it back to them and go from there. As they explained to me if the car is worth less than what is owed on it when you take it back you owe NO difference. Now if the car is worth more (which to me would rarely happen) then you get the difference. Case in point when we want to lease an Expedition. $35,000 vehicle price. $15,000.00 2 years lease cost. After 2 years walk away and owe nothing. If the vehicle would value more than $22,000.00 after the 2 years then the dealership wrote us a check for anything over the $22k. I looked at them and told them their calculators knew the very close value of that vehicle after 2 years and they probably would never have to write a check to anyone.</p></blockquote><p></p>
[QUOTE="wvmystichrome, post: 4742416, member: 29010"] It kinda sounds like you purchased the car not leased with them giving you a payoff amount of the full price. I would definitely call the dealer tomorrow and find out what the deal is. Everyone I have ever known that leased a vehicle went full term so I am not for sure about if you want out early. I do remember one of the ladies I work with leased a car and tried to trade it in at a different dealer and they told her there was no way. She was told she had to take the car into the dealership she leased it thru. That may be what you have to do is take it back to them and go from there. As they explained to me if the car is worth less than what is owed on it when you take it back you owe NO difference. Now if the car is worth more (which to me would rarely happen) then you get the difference. Case in point when we want to lease an Expedition. $35,000 vehicle price. $15,000.00 2 years lease cost. After 2 years walk away and owe nothing. If the vehicle would value more than $22,000.00 after the 2 years then the dealership wrote us a check for anything over the $22k. I looked at them and told them their calculators knew the very close value of that vehicle after 2 years and they probably would never have to write a check to anyone. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Question for anyone who's sold a car that's a lease, before lease was over
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