Voluntary termination.

[anonymous-user]

you could sell the lease to someone else. You would lose the upfront payment.

join seat sport forum post it up, as long as miles still left and fairly good value monthly payments, so someone will be interested,

Edited by The Spruce goose on Monday 23 January 20:49

[jamiebae]

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.

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.

[Sycamore]

I ended my lease 6 months early and they wanted 50% of the remaining payments.

[talksthetorque]

You may also be able to change the mileage of the lease to suit your new circumstances. Give your broker or vwfs a call.

[unrepentant]

Sycamore said:

I ended my lease 6 months early and they wanted 50% of the remaining payments.

Why only 50%? Sounds stupidly generous.

[Krikkit]

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.

I don't see why - if the car's in good condition it can be chucked straight into BCA to make a decent wodge of cash back, 50% of the remaining payments mean they'll be nicely in profit, plus it gives you a good rep with customers rather than asking for 95% of the remaining fees.

[unrepentant]

It seems the concept of responsibility for ones actions is so outdated.....

[anonymous-user]

unrepentant said:

It seems the concept of responsibility for ones actions is so outdated.....

Hmmmm

[IanCress]

I asked about terminating my lease early. When the figures came through, they added up to 100% of the remaining payments.

Not much of a deal, really.

[rsbmw]

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.

I don't see why - if the car's in good condition it can be chucked straight into BCA to make a decent wodge of cash back, 50% of the remaining payments mean they'll be nicely in profit, plus it gives you a good rep with customers rather than asking for 95% of the remaining fees.

Gave back the Mrs lease 3-4 months early in Sept/Oct last year, paid 50% of the remaining rentals, less VAT, so roughly 40% of what it would have cost to leave it sat on the drive.

That was with Network (leaseplan).

[MitchT]

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.

[Mr Tom]

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!

[Jasandjules]

Cough, http://www.takemylease.co.uk/ cough

[geeks]

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!

[yajeed]

Sycamore said:

I ended my lease 6 months early and they wanted 50% of the remaining payments.

Mine goes back tomorrow. I'm paying 55% of the remaining payments to end the lease 4 months early with VWFS.

[daemon]

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?

[talksthetorque]

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?

He had the temerity to go out and try improving his lot by getting a new job.
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.

[yajeed]

IanCress said:

I asked about terminating my lease early. When the figures came through, they added up to 100% of the remaining payments.

Not much of a deal, really.

I guess it's only a good deal if you're not using the car anymore and it'll be due a time based service if you keep it.

[Jakestar]

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...

[hora]

14PPM?

That wouldn't even cover insurance, fuel, wear and tear or mileage. That taking advantage if any company had that.