Lease trying to get rid of vehicle
I currently am leasing a vehicle and the lease is up in February 2018. I do not have good credit so when they refinance the car I know my monthly payment will be high. Because of family situations I know have to move out on my own. I can't afford rent and a car note. My car is leased through Honda. When the lease is up (I'm over my mileage already) can I just return the car and buy a car cash?
Yes.
Yes. But you will owe money for overage on miles.
Yes you can return the car and walk away. That's the advantage of a lease.
Just pay your high mileage fees and hope they don't hit you up for wear and tear fees or any other fees they can add. Then just walk away from the car and all that money you spent.
Sure, after you settle your lease with the leasing company. Pay for any damages, mileage overage, etc. Or have you thought about working a second job?
You can give it back at lease end but not before without it costing you extra.
You know you will owe for extra miles & possibly for less than very good condition.
Even mismatched tires.
You have to pay excess miles and any marks and damage.
Then yes you can just return the car and buy cash.
Look at all that money you sent to drive a new tin box you could have saved for your own place.
Sorry but you make a mistake by leasing you now have nothing after making all those payment and have no idea what ending the lease will cost you. Just get out of it and see what you can pick up for cash of the street.
Get out of debt, stay out of debt.
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