auto

Ways out of a killer car lease

q_v2.gifDear Terry,
I've had a leased auto for about a year now and the payments are really draining my funds. I need an automobile. Is there anything that I can do to help my situation? Is it possible to get out of the lease agreement?
-- Georgia

a_v2.gifDear Georgia,
While it's possible to get out of a lease, it usually involves paying hundreds, even thousands of dollars to cover depreciation and penalties.

There are some Web sites that will try to find someone to take over your lease -- Swapalease.com or LeaseTrader.com are two -- but you need to make sure that such deals don't violate the terms of your lease.

This week
  • What you see is not always what you get
  • How can I void a service contract that was exaggerated?
  • Why would a dealer charge a payoff price on a car I've paid off?
  • Is there any way to get out of a car lease that's killing me?

 

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