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2006-08-16 13:14:54 · 5 answers · asked by sparklingsapphireeyes 5 in Cars & Transportation Buying & Selling

5 answers

Well it depends on how long you have been in it and with whom. Your best bet is to contact the company that you are leasing with, and I believe they will charge a lease termination fee. All car leases have penalties for early termination. If you sell the car or trade it in, there will be a substantial penalty.

In an effort to get around the "early termination penalty" many people have chosen to "re-lease" their cars to others. This is very risky and not recommended.

All leases forbid you from subleasing or letting others take full time possession of your car. If you violate these provisions you are subject to law suits and possibly fraud charges. You will also be responsible for all payments, late charges, penalties and damages to the car.

Do not fall for deals offered by brokers who say they will arrange to have someone to "sublease" or "re-lease" your car.

There is only one way to have someone take over your lease legally! The person assuming your lease must be approved by you leasing company. Even then, some leasing companies will not remove you from the lease and will still hold you're responsible for any default or damage.

Be sure you are removed from the lease, or do not go through with the assumption.

GOOD LUCK

2006-08-16 13:21:06 · answer #1 · answered by Joseph H 3 · 0 0

1. Die (or fake your death).
2. Create a new identity for yourself (or steal somebody else's).
3. Get the bank to sign a paper releasing you from the agreement.

I hope this helped!

2006-08-16 13:19:02 · answer #2 · answered by I Know Nuttin 5 · 0 0

Yes, but you need to read your agreement, or have a lawyer do it for you. It can be done, but it's going to cost you money, no matter how it's done.

2006-08-16 13:19:20 · answer #3 · answered by johnb693 7 · 0 0

Maybe if you buy the car?

2006-08-16 13:32:16 · answer #4 · answered by Anonymous · 0 0

wreck it

2006-08-16 13:19:29 · answer #5 · answered by Anonymous · 0 0

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