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Cancelling on a car lease

2»

Comments

  • Just get a settlement for the finance balance, then pay it off with a personal loan.

    You can then sell the car, and pay (a chunk) of the loan off.

    That way you'll get full market value for the car, and only have to pay the shortfall on the finance at a minimal rate (if you get a loan from a mainstream lender like Tesco etc)
  • Robin9
    Robin9 Posts: 12,881 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Option 5

    Take the car with you
    Never pay on an estimated bill. Always read and understand your bill
  • phillw
    phillw Posts: 5,666 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Robin9 wrote: »
    Option 5

    Take the car with you

    If I had to put it in a container, paid to ship it and all the fees and paperwork then I might just get it crushed.
  • Tarambor wrote: »
    That would be fraudulent to make an application knowing you're leaving the country without declaring it as in proper go to prison fraud

    :huh:


    Traditionally a criminal record is a requirement for a Brit to enter Australia.
  • Tarambor wrote: »
    That would be fraudulent to make an application knowing you're leaving the country without declaring it as in proper go to prison fraud.



    "Not that sort of person" but happy to commit fraud? :huh:

    It's only fraudulant if you don't pay it back and default on the loan. That would then be obtaining funds by fraudulant means as you had no intention of paying it back Taking a loan out as a UK resident is my choice, at no point in any loan or car finance application does it ask the question "Do you intend to leave the UK after you are accepted for this loan"
  • You will be out of pocket with this. By quite a lot. So it depends on how long you're leaving for, how much money you have, and whether that extra 'x' thousand is worth it for you.

    1) If you need all the money you can for your new life abroad, then like someone said - just default on the thing.

    2) If you value spending your hard earned cash on this in order to have a clear conscience, then your options have been explained.

    I know which one I'd do.
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