My company was spinning off a division and my new position had a car allowence. They moved me back from overseas and I did not have a car. I had already signed the contracts, so I leased a car as directed. The financial crisis hit and the spin off feel through, along with my car allowence. I have been paying for the lease for the last year, but can't do it any more. I asked about selling the lease, but I still remain liable for wear and tear and payments should the "buyer" default. I asked about a buy out but they want to much. I have a little less than 1.75 year left and am not over milage. What happens if I just give it back and refuse to pay the rest of the lease or early termination? I don't know what else to do.
If I turn a car lease in early and don't pay will they come after the money?
- Thread starter jj h
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