You can't do that. You have to trade it in and you will probably lose your *** on it as the sale price and residual etc.. are structured to give you a nice low payment for the term of your lease. You more than likely owe a lot more than its trade in value.
Turn it in and its basically like you let them repo it but instead of making them come to your house after not making payments for 3 or 4 months you just drop it off for them and decide not to make any more payments. Good luck.
2006-09-23 10:17:56
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answer #1
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answered by kmankman4321 4
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You give it back it is a voluntary repossession which is the same thing as a reposession on your credit. HUGE mistake. The advantage of a lease is it is a much shorter term than a buy. Bite the bullet and make the payments or try to trade it and cut your losses. It is much better than a repo
2006-09-23 17:25:02
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answer #2
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answered by typhon1991 3
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you cannot return a auto without some consequences,check your lease agreement,sometimes they have a return clause and duration of time you can do that.I believe if you do they may and can hold you responsible for the duration of payments.
2006-09-23 17:27:51
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answer #3
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answered by krunchnik 2
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voluntary repossession.same as reg. repo. still responsible for payments. sorry.
2006-09-23 17:47:58
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answer #4
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answered by blackdavem06 1
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take a big jar of vaseline with you cause your gonna get f***ed
2006-09-24 12:42:01
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answer #5
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answered by namkciub 3
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goes on your credit
2006-09-23 17:15:29
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answer #6
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answered by citygirl 2
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