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Returning Leased Vehicles (archive)

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Posted by Mike W on September 24, 1998 at 09:38:52:

In Reply to: Early Lease Return posted by Z3KID on September 23, 1998 at 22:57:27:

Getting out of a lease early can cost $$. Usually you have three options:

1. Return car to dealer and make the remaining lease payments to the leasing company.

2. Sell car outright to a dealer. Like a trade-in, you will be offered wholesale value and you need to cover the difference between that figure and the buyout (determined by calling lease company, updated monthly, like a loan).

3. Sell the car privately.

Your best bet is to try #3.

Best of luck,

Mike W

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