Trying to get out of my car lease ! HELP!!?

Question

I've gone to the lease trader and swap a lease website and have my car posted there to get out of my lease, but to my understanding if someone takes over my lease and defaults on it the lease company will come after me because I will still be responsible! Now I wanted to be COMPLETELY off the title and loan on this lease, and i need to do it ASAP, how can i do this?

Answer 1

Goi to the dealer where you got it. You can get out of the lease for a price.

Answer 2

You're panicking.

You're going to need to provide some more info before anyone on here can provide you a realistic answer.

1) What is the year/make/model of your car?

2) What do you owe on the car?

3) How many more payments are in your term?

**EDIT** - you missed the most important question... which is "What do you owe on the car?" -- What is the balance on the lease amount?

**Edit** - Coupe or convertible? If it's a coupe, you're buried in that thing. Convertibles are worth more, but you're still upside-down. Book values on the coupe right now are showing to be anywhere from $61K to $70K.

Your only realistic option is to try and sell it outright. If you can find someone to buy it for $92K, you're going to be lucky.

Also, check with the leasing company you used to see if they provide an early termination clause. It may be costly, but you can use it to get out of the lease early. Don't be surprised, however, if they do not let you out of the lease.

Don't use lease trader or swapalease. You're only putting your credit on the line.