Re: Getting out of a Car Lease
most leases are closed in leases which means everything is cut and dry according to the contract.
You have the option to either make the remaing payments plus the residual value or pay them the payoff amount in full.
Either option may not be attractive at this time due to the depreciation of the car and the added fees.
OPTIONS:
stick with your lease and then at the end of the lease have the car appraised to see if it is attractive to buy.
The lease probably has automatic gap insurance and it you park it on a train track and allow it to get totaled you will be out of the lease and can buy an identical car as a retail purchase instead of a lease.
cliff notes: you are prety much screwed
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