HELP My lease is up soon so today I put a hold payment down on a new lease....?

Question

The dealership took my car and gave me a rental.... However when I got home and gave the figures to my parents the deal was not a good one.... So I want my car back and want to cancel the deal..... Can I??? I only put a hold payment and they were expecting the rest of the payment tomorrow.... I do not want to go through with this.... Can I get out of this and get my car back???

Answer 1

I doubt very much if they will let you out of the deal.  If they do it will cost you $$.  A Hold payment is just that to hold a deal and is almost never refundable

Answer 2

You do understand that leasing a vehicle is not really a good deal any more. They generaly cost more than owning. And if you buy out the car when you return it, you will end up paying thousands more than if you just bought it in the first place. I suggest you just take what you would have paid for the new car lease and just buy a similar used car and then you own it outright.

Answer 3

shouldn't be a problem but will p**s the dealer off cause he's losing a sale

Answer 4

what does the contract say?  is it cancel able?  read it and let us know.

Answer 5

Good luck! If they haven't processed your old car, you might just get away with it! If not? You will end up having to pay retail just to get your old car back! SUX!

Answer 6

You should be able to.  Your car shoudl still be there, my trade in was on their lot for like a week before it got taken to auction.  Dealers knwo that not all deals will go through, so they probably hold all tradeins for a few days at least.  call them right away to tell them to stop the deal.