You regret leasing a car. What happens if you want to return it, say, after just one year?

8 Answers

Relevance
  • Anonymous
    1 month ago
    Favourite answer

    Read the lease contract.  You will be paying a huge penalty it will give you a terrible headache.

  • Snezzy
    Lv 7
    1 month ago

    Lots of correct answers. Basic advice: NEVER lease a car. TELL YOUR FRIENDS to absorb the advice from your blunder: "Never lease a car."

  • Anonymous
    1 month ago

    Read your contract,Sparky.

  • Anonymous
    1 month ago

    READ YOUR LEASE AGREEMENT, dumbass. It spells out exactly "what happens". We do not know what the terms are because not all lease agreements are the same. What I can tell you is that you had better have lot of cash on hand to pay the early termination penalty. If you can't afford to buy your way out of the lease, you're stuck with the car.  

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • arther
    Lv 5
    1 month ago

    you'll probably still have to pay out the lease.

  • Anonymous
    1 month ago

    Huge penalty that you must pay or face 7 years bad credit and a possible wage garnishment.  Finding a way to pay is much better than the alternative.

  • 1 month ago

    You satisfy whatever the terms of an early return are as laid out by the lease agreement you signed. Read the paperwork (as you should have before you signed it). Check what your copy of the lease says.

    In some cases, the means paying the rest of the payments whether you return your car or not. In others, you may be able to pay some kind of penalty and return the car to satisfy your obligation to the lease.

  • 1 month ago

    You keep paying the rent until you pay for the vehicle or find someone to take over the lease.  Thousands are doing that on www.swapalease.com and www.leasetrader.com.  You cannot return the vehicle before the end of the lease period.

Still have questions? Get answers by asking now.