We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Paying off Car Lease Early

2»

Comments

  • Cornucopia
    Cornucopia Posts: 16,665 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    neilmcl wrote: »
    I think you're slightly misunderstanding the OP's intentions. He doesn't want to settle or terminate the lease early, he wants to make a lump sum payment of the rest of the lease hire and still keep the car for the rest of the term.

    Yes, re-reading it, I think you're right.

    In which case, there is no disbenefit to VWFS and they may agree to it, the only question being whether it is permitted under the contract.
  • debtdebt
    debtdebt Posts: 949 Forumite
    movilogo wrote: »
    Usually you can't simply stop paying and hand keys over to lease company, however, you can always do an early settlement. Just ring them and ask for settlement figure. Effectively you'll pay the loan off and own the car outright.

    It's a three year LEASE. The OP won't own anything after all payments are made.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.