How to get out of a gmac lease?

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How to get out of a gmac lease?

2006-07-20 04:19:22 · 2 answers · asked by Jeff 2 in Cars & Transportation ➔ Buying & Selling

2 answers

If you just give the vehicle back, they will sell it probably at an auction. You'll then have to come up with the difference of the wholesale cost and your buyout. The dealer "value" of the vehicle is usually the highest possible retail amount you'll find in a bluebook.

2006-07-20 12:45:01 · answer #1 · answered by Thundercat 7 · 1⤊ 0⤋

Give the vehicle back, with the amount to cover the remaining payments. Or, sell the car, hopefully for enough to cover the remaining payment and residual value, if it doesn't cover, you'll have to come out of pocket several grand.

2006-07-20 11:46:58 · answer #2 · answered by jay 7 · 0⤊ 0⤋