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selling a car that's leased?? what to do

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Old Dec 30, 2003
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selling a car that's leased?? what to do

how do i get out of my lease...i got another ticket and my insurance is over 300$ a month now and i cant afford a 229 payment and a 327$ insurance payment. can i just have someone take over payments or what? who can help me on this I really need help soon or it's going to get repo'd. thanks

patrick
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Old Dec 30, 2003
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I'm sure you can. You can also trade in the car.
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Old Dec 30, 2003
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Hey dude,

The easiest way to get out of a lease is to have someone take over your payments. You really can't sell it since it's a lease, and essentially you are paying Honda to drive the vehicle. If you put a downpayment, you'll likely lose it since transfering a lease agreement simply transfers responsibility up to that point. Your only other option is to return it to the dealer, depending on the agreement you signed, whether it is an open or closed end lease. In any case, avoid getting it repo'd, since it will affect your credit rating.

You also might try switching insurance companies, but most might not look the other way depending on your record.

Hope this helps.
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Old Dec 30, 2003
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sad part is i dont even know what kinda lease i got into i was dumb when i got into it. it seemed like a good deal oh well thanks for the help though. i'll find someone to take it over then
patrick
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