Re: Getting out of a Car Lease
Hiho, I work in car sales so I can give you an educated answer. The only way to get out of a lease early is to buy the car from the bank. You can buy the car from the bank and sell it to a dealer (trade it in) or you can buy it out yourself. If you call the number for your bank they will tell you what the payoff is on the car.
You did make a huge mistake by leasing it and not buying it upfront. If your lease is attractive you might want to take it to term and then buy it at the end of the lease.
Usually if you buyout the lease early you will pay a penalty. What type of car are you driving?
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