Anyone Know Leasing Laws for California??
10-29-2002, 10:23 AM
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Anyone Know Leasing Laws for California??
In particular, what are the laws regarding being upside-down on a lease. The current buy-off of our 4Runner Lease is $29k but the trade in value of our car is no better than $21.5k The Dealer retail of the car is only $26.5k. I was wondering if there is a way to get out of the lease without any (or not too many) fee's since we are so upside-down.
10-29-2002, 12:37 PM
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You're really upside down right now on your lease, so the best thing to do is keep the SUV or find a sucka to buy it for 29k.
7.5k can either be put on another lease or buy, or you have to front that cash...either way your gonna have to pay what you are under.
I would just sell the SUV and try to get as close as possible to the buy-off price of the lease contract.
7.5k can either be put on another lease or buy, or you have to front that cash...either way your gonna have to pay what you are under.
I would just sell the SUV and try to get as close as possible to the buy-off price of the lease contract.
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