selling a car that's leased?? what to do
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
patrick
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Joined: Nov 2003
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From: Edmonton, Alberta, CANADA.
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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.
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.
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
patrick
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