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04-10-2006, 09:01 AM #1Banned
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General discussions (off topic chat)
Can anyone tell me what happens if you lease an auto and can't pay it anymore. I don't want the repo man to come. Did anyone ever go threw this?I appreciate any help. Thanks.
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04-10-2006 09:01 AM # ADS
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04-10-2006, 09:09 AM #2Registered User
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Re: General discussions (off topic chat)
Sorry, but that is what happens when you can't pay. Get your contract & read the fine print.
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04-10-2006, 10:10 AM #3Registered User
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Re: General discussions (off topic chat)
Agreed. We all know things happen that make it hard to keep up with payments at times. However, you can't expect to keep a vehicle that you can't pay for. If you are late on your lease, then they have every right to repossess your vehicle and you can still be liable for fees.
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04-10-2006, 10:28 AM #4SPRING IS HERE!!
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Re: General discussions (off topic chat)
Default Penalties
If you default on your lease obligations or fail to make your payments as in a loan, the lessor may repossess the vehicle and/or assess the cost or penalties stated in the lease. These may include forfeiture of your security deposit, immediate payment of all remaining obligations and the cost of legal fees to reclaim the vehicle.Why not learn to enjoy the little things - there are so many of them.
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