Quote:
Originally Posted by tcope
Except that you over paid for the vehicle to begin with (i.e. lease) and you are subject to a lot of limitations when leasing. What was your interest rate on the lease? Exactly. Don't know.
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Interest rate is clearly written in the lease agreement.
To get out of a lease you will have to pay
- All remaining payments
- Residual Value
- Early Termination Fee if any
So, add all that up and then try selling the car privately to cover. If you are thinking about trading in you WILL BE upside down for sure