getting out of a lease?
Super Member
Joined: Dec 2004
Posts: 972
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From: DFW
BMW M850i Gran Coupe
Lease Buyout
Originally Posted by JD5000
does anyone know any good ways of getting out of leases? I have a year left in this car but want to get out of it. any suggestions
http://www.swapalease.com/HELP/gener...se-buy-out.asp
Almost a Member!
Joined: Sep 2003
Posts: 46
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From: Boston
Originally Posted by JD5000
does anyone know any good ways of getting out of leases? I have a year left in this car but want to get out of it. any suggestions
Newbie
Joined: Aug 2004
Posts: 8
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From: Manhattan Beach, Ca
2004 E55
Call your financing company for the lease and determine what your payoff is. All leases will have a payoff, and of course this amount changes each month when a payment is made or interest accrues. Hopefully with one year left on the lease, you will have equity in the car. Sell the car, or trade it in, and make the payoff amount to the financing company. Determine how long the payoff amount is good for, as interest always accrues. If you are upside down, and it it worth it to you, put in the extra cash to get out. I would rather sell or trade the vehicle than have someone assume the lease. Please check your contract, but if someone assumes the lease, you are still held responsible if they default on the payment.
Thread Starter
Newbie
Joined: Aug 2004
Posts: 21
Likes: 0
From: ALB
99 C280 sport
alrgith thanks alot for the info.
i want to get out of the lease just because i want something a little faster. I had a e420 before this and just miss the v8. this car has been great but i really want more power.
i want to get out of the lease just because i want something a little faster. I had a e420 before this and just miss the v8. this car has been great but i really want more power.
Out Of Control!!
Joined: Jul 2003
Posts: 13,969
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From: Florida
In the market
Originally Posted by JD5000
alrgith thanks alot for the info.
i want to get out of the lease just because i want something a little faster. I had a e420 before this and just miss the v8. this car has been great but i really want more power.
i want to get out of the lease just because i want something a little faster. I had a e420 before this and just miss the v8. this car has been great but i really want more power.
