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flknight24


Dooney & Bourke

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Turning in a lease?
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Has anyone ever turned in a leased car early?  If so, how does it work?


I have a 42-month lease that will end in April 2008.  I leased the car last year while I was working at my current job.  Now, I've applied and been accepted to law school and I'm going to start in the fall.  Since I'll be in school full time I'm trying to figure out ways to cut my monthly bills.  Currently, my lease payment for my car is $350 including tax.  What usually happens when you turn in a lease?  Do you think it would even be beneficial to turn in my lease to buy or lease another, cheaper car?  Also, not having a car isn't really an option. TIA for any info or suggestions.



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laken1


Hermes

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You need to call whoever has it financed & see what your options are. I know that when I wanted to turn mine in early I couldn't - I was responsible for the full amount of the payments through the end of the lease. So it was silly to turn it in at all. Check with them, though, I think they are all different.

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