Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options

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

  • Options
    MichaellMichaell Moderator Posts: 242,807
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Options
    Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    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.
  • Options
    isellhondasisellhondas Member Posts: 20,342
    Very unfortunate but the others are correct. Thankfully there are only six payments remaining.
  • Options
    carboy21carboy21 Member Posts: 760
    Just pay the 6 payments. Consider it as a medical expense.
Sign In or Register to comment.