Voluntary termination.
Discussion
The Spruce goose said:
you could sell the lease to someone else. you would lose upfront payment.
join seat sport forum post it up, as long as miles still left and fairly goods value monthly payments so one will be interested,
Do this, if the lease co will allow it.join seat sport forum post it up, as long as miles still left and fairly goods value monthly payments so one will be interested,
Leasing sucks royally if you want to get out early, buy the car at the end or the car ends up higher mileage or in worse condition than anticipated - in any of these scenarios you'd be better off with a PCP or personal loan so in this situation your choice is pretty limited.
unrepentant said:
Sycamore said:
I ended my lease 6 months early and they wanted 50% of the remaining payments.
Why only 50%? Sounds stupidly generous.Krikkit said:
unrepentant said:
Sycamore said:
I ended my lease 6 months early and they wanted 50% of the remaining payments.
Why only 50%? Sounds stupidly generous.That was with Network (leaseplan).
unrepentant said:
It seems the concept of responsibility for ones actions is so outdated.....
It's not just that though, there could be a legitimate reason for needing to exit a lease early. I've mentioned it on here before, but again, I can't believe there isn't some insurance you can take at the start of a lease to cover you against the early exit fees should you have a good reason for needing to get out of it. Not so applicable in this case, but in the event of redundancy you'd be pretty screwed if you needed your payoff for food and shelter but had to give it to a lease company to offload a car that you could no longer afford.I understand my responsibilities and if I have to keep the lease going then so be it. I can afford it and will continue to pay. I just didn't see this opportunity arising so soon. It's the insurance that is the killer as well as the rentals. Looking at £350 a month combined which is a lot for something that I won't use very much. In regards to the company car and taking the cash alternative, it is tempting but the tax on the cc is £200/year, Suzuki celario(?) with it fully maintained and I will be claiming 45ppm. Tyres on the Cupra are expensive, 7.2ppm extra lease miles (may be doing 20kpa and it's not the most economoical of cars. I believe the £200 in tax will be offset by better economy, no wear and tear costs etc. If anyone wants a Cupra 290 in 3 'months give me a pm!
Thanks for all the advice, I'm a bit gutted at the situation but hey ho!
Thanks for all the advice, I'm a bit gutted at the situation but hey ho!
Mr Tom said:
I understand my responsibilities and if I have to keep the lease going then so be it. I can afford it and will continue to pay. I just didn't see this opportunity arising so soon. It's the insurance that is the killer as well as the rentals. Looking at £350 a month combined which is a lot for something that I won't use very much. In regards to the company car and taking the cash alternative, it is tempting but the tax on the cc is £200/year, Suzuki celario(?) with it fully maintained and I will be claiming 45ppm. Tyres on the Cupra are expensive, 7.2ppm extra lease miles (may be doing 20kpa and it's not the most economoical of cars. I believe the £200 in tax will be offset by better economy, no wear and tear costs etc. If anyone wants a Cupra 290 in 3 'months give me a pm!
Thanks for all the advice, I'm a bit gutted at the situation but hey ho!
If it is a Company Car you don't get 45p per mile!Thanks for all the advice, I'm a bit gutted at the situation but hey ho!
daemon said:
unrepentant said:
It seems the concept of responsibility for ones actions is so outdated.....
What makes you say the O/P isnt accepting responsibility for their actions?Then he asked for advice as to what his options were regards to his current lease.
I think that Unrepentant has shown a distinct lack of responsibility for his actions by not attaining a copy of the contract and having his solicitor go over it before posting.
geeks said:
If it is a Company Car you don't get 45p per mile!
Indeed - try 14ppm :-)https://www.gov.uk/government/publications/advisor...
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