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Cancel lease or terminate my lease

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Old 03-29-2005, 07:34 PM
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Unhappy Cancel lease or terminate my lease

HELP! I have lost my job, does any one know if I can terminate my lease, and give back the car? I can't afford the payments without a job...
Old 03-29-2005, 07:57 PM
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i dont think you can. They will come after you with a stiff penalty. I would contact the bank and see if they can take the car away fair and square.... without damaging your CREDIT HISTORY.
Old 03-29-2005, 08:01 PM
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If your lessor allows it, see if you can get someone to take over the lease?
Old 03-29-2005, 08:08 PM
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Originally Posted by thaita78
If your lessor allows it, see if you can get someone to take over the lease?
and good first post. welcome to the forums
Old 03-29-2005, 08:09 PM
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btw: sorry about your job man. hope all works out.
Old 03-29-2005, 08:20 PM
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Ya I feel ya on losing your job, happened to me at one time luckily I had a low payment on a civic at the time. I found the website I had in mind about taking over leases, look at LeaseTrader.com for more info. A girl I knew used this site to transfer her eclipse lease.
Old 03-29-2005, 10:31 PM
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Check your lease contract to determine if it will allow you to assign the lease. If so, you can try getting someone to take over your lease payments.

I would suggest posting in www.swapalease.com as this will give you a very large audience.
Old 03-30-2005, 12:13 AM
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Wow thanks every one, that helps a lot... I will followup on all the posts.

Thanks for the quick help!
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