What is the best way to get out of a lease?


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Timon   
Member since: Mar 04
Posts: 297
Location: Greater Toronto Area

Post ID: #PID Posted on: 18-10-10 09:37:43

Hi
This is a question for a friend. He bought a Nissan Versa in March 2010 on a 5 year lease and now, he is looking to move to India. What are the options to get out the lease? It is probably too early( and expensive) to pay off the lease and return the car.

Any thoughts would be greatly appreciated.

T


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Desi # 1   
Member since: Dec 03
Posts: 1420
Location: Mississauga

Post ID: #PID Posted on: 18-10-10 10:19:30

Quote:
Originally posted by Timon

Hi
This is a question for a friend. He bought a Nissan Versa in March 2010 on a 5 year lease and now, he is looking to move to India. What are the options to get out the lease? It is probably too early( and expensive) to pay off the lease and return the car.

Any thoughts would be greatly appreciated.

T



There are few option:
1. Transfer the lease to someone else. There are companies who help you do that such as lease busters. Your friend to have give some incentives.

2. Return the car to the dealer. This may effect his credit ratings but he is moving back then he should not care about that.



imwhoever   
Member since: Aug 09
Posts: 277
Location: My laptop

Post ID: #PID Posted on: 18-10-10 10:25:36

put a free advt on leasebusters and see the response, with good incentive someone should take it.





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