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What happens at the end of a car lease?

Updated: 4/28/2022
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12y ago

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At the end of a car lease u return the car to the dealership. The most u get is a 6 month extension. Hope that helped. Adios.

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Q: What happens at the end of a car lease?
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What if your husband files bankruptcy and you have a leased car?

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What happens if you give up a car before lease is up turn into dealership after 13 months on a 3 year lease?

If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.


What happens when you total a lease car?

When a lease car is totaled, the car company will require the car lessee to pay the lease balance to get out of the contract. This is applicable for a wrecked car and non-reparable vehicle.


What happens if you do not turn a lease car in on time at the end of lease?

You are probably likely to incur fees and charges (which depend on the terms and conditions of the legally binding contract) - and possible even prosecution.


What happens if you lease a car and then move to another state?

Nothing changes as far as your lease goes.


Is the purchase price at the end of a car lease considered bargain purchase?

No. You're not getting any bargains by buying the car at the end of a lease, rest assured of that.


If you volunteer a reposession on a lease car and the car is not operable what happens?

They repossess it anyway and you could be responsible for the repair cost, depending on the lease contract.


What is the Average cost of corp car lease?

The average cost of a corporate car lease is between 250 and 300 dollars. They usually will not allow a lease of a luxury car unless it is a high end company. In some case, a company car is one of your benefits and may be higher end.


What type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?

Open End lease


Which type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?

Open-end lease


What is meant by a balloon payment on a lease car?

A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.


Is it cheaper to lease a car rather than buy a car?

No. Leasing is for suckers. A lease is no more than renting a vehicle with nothing to show for it at the end. Stay away from a lease. Buy what you can afford, and forget the lease.