Things you should know before you walk away from your car lease
Steps that your leasing company will take before they repossess your car.
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Find answers to your most frequently asked questions. Expert advice at your fingertips:
- What do I do if I’m late on my lease payments by over 3 months?
Or even 6 months?
- How will not paying my monthly lease payments affect my credit score?
- Am I able to fix my credit after failure to pay my lease payments for a few months?
- Can the leasing company come knocking on my home door looking for me? What do I do then?
Do they have the right to enter into my home?
- What do I do when the tow truck is going up and down my street looking for my vehicle?
- How long can I drive my vehicle after I have stopped making payments?
- Can I pay the leasing company half of my monthly payments and still drive my car?
- Will the leasing company send a Collection Agency after me if I continue to not pay my payments?
- What happens if I have gone over my yearly Mileage minimum?
- What options do I have of ending my lease early without being penalized?
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