I leased a VW Passat about 3 years ago, and I have 1 year remaining. I have had many problems with this car, and I would like to get out of this lease.
2007-06-20 05:17:41 · 9 answers · asked by EBV 1 in Cars & Transportation ➔ Car Makes ➔ Volkswagen
Provide a proof of a legitimate reason to move. E.g. change in place of work or study. They won't agree easily but they will have to.
But if that is not the case, they are very adamant, and you are not very concerned about your credit then there is a dirty way. Inform them, move out, and stop paying the rent. They might try to put a collection but that doesn't work because you were not living there anymore. If they try to sue you, you might have to pay a months rent but not the whole lease. Consult a lawyer before you do that. I am saying this from my general knowledge only.
2007-06-20 05:24:48 · answer #1 · answered by ? 4 · 0⤊ 2⤋
Read my lips...Do not lease again! At this point you have only two options: trade out of it or buy out of it. Both will take money. The lease buy out amount is more than the trade in value so you'll have to come up with some money UNLESS you have stellar credit and can get the amount rolled in to the new loan. But BUY do not lease. To buy out you'll need to get the payoff figure from the dealer and pay big bucks. With one year remaining the payoff is simple to compute. Add the total of the remaining payments, the residual amount spelled out in the lease and subtract the actual cash value wholesale, which is about 30% les than what you'll read in Kelly Blue Book. The dealer can also add to the payoff amount for his service. My advice to you is to tough it out for one more year. Next time buy...DO NOT LEASE
2007-06-20 05:29:04 · answer #2 · answered by Dogbettor 5 · 0⤊ 0⤋
The answer lies first within your lease documents. You may be able to cancel it with a penalty payment.
next you may be able to get an early release via that leasing company itself for hardship or other reasons.
lastly, you may be able to get someone else to assume your lease (with the authorization of the leasing company).
otherwise you may be stuck for the last 12 months.
2007-06-20 11:27:59 · answer #3 · answered by ca_surveyor 7 · 0⤊ 0⤋
You can't without seriously damaging your credit. One option is to go to the dealer and tell them your issue - some manufacturers (GM is one) offer a pull ahead program, which basically allows you to exit your current lease early as long as you lease or purchase another new car from the same manufacturer.
2007-06-20 05:25:34 · answer #4 · answered by Magaroni 5 · 0⤊ 1⤋
Pay a Black man to car jack you and burn the car
2007-06-22 12:41:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Call GMAC at 1-888-303-0906 and tell them you have a question about a loan and ask them that. it wouldn't hurt.
2007-06-20 05:55:02 · answer #6 · answered by ohioguy4jc 4 · 0⤊ 0⤋
try to sell it then buy a nother one
2007-06-20 05:21:01 · answer #7 · answered by xGoldScorpionx 5 · 0⤊ 0⤋
Try this http://www.swapalease.com/
2007-06-20 11:31:41 · answer #8 · answered by housefulloboys 2 · 0⤊ 0⤋
Have you ever seen that film "Face Off?"...................
2007-06-20 08:33:49 · answer #9 · answered by andy w 2 · 0⤊ 0⤋