A family member became disabled with six months on his car lease. What can he do?

Elliot UdellElliot Udell Member Posts: 83
edited April 2016 in Chevrolet
What can a person do if they are disabled and cannot drive anymore and have six months on the lease.? Can these be terminated early?

Comments

  • MichaellMichaell ColoradoModerator Posts: 194,792
    elliotu said:

    What can a person do if they are disabled and cannot drive anymore and have six months on the lease.? Can these be terminated early?

    I see this is a Chevrolet Malibu.

    The only option would be to sell the car and pay the difference owed on the lease. I would suggest heading to a local CarMax and get an offer from them, then call the bank who owns the lease to get the payoff amount.

    Otherwise, make the last 6 payments and return the car at that time.

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  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaMember Posts: 64,482
    There's really no way to terminate early. Michael's suggestions are the only way out--unless of course you can find someone who wants to take on the lease for the remaining short term. One way or the other, the leasing company is going to get those 6 months worth.
  • isellhondasisellhondas Issaquah WashingtonMember Posts: 20,350
    Very unfortunate but the others are correct. Thankfully there are only six payments remaining.
  • carboy21carboy21 Member Posts: 760
    Just pay the 6 payments. Consider it as a medical expense.
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