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
Comments
-
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.0 -
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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
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
