What happens if one defaults on an auto lease?

Answer It can be difficult keeping up with bills, however an auto lease is a contract legally binding you to make payments on your vehicle. Failing to uphold your agreement can have very negative results.... Read More »

Top Q&A For: What happens if one defaults on an auto lease

Is death a voluntary lease termination for an auto lease?

In general, auto dealers consider anything, even death, as voluntarily terminating an auto lease, according to Bank Rate. Some dealers may renegotiate in this situation, but any leases are typicall... Read More »

What happens when an auto loan defaults?

Failure to pay auto loan payments promptly when they come due can result in the auto loan going into default. A defaulted auto loan can have serious consequences such as credit damage and repossess... Read More »

What happens at the end of an auto lease?

When you come to the end of the lease term for your car, in most cases you will simply return the vehicle and walk away. However, there are a few steps you may need to take when returning your car,... Read More »

How to Terminate an Auto Lease?

Terminating your auto lease before the end of your contract can prove expensive. Expect to pay early-termination charges in addition to any monthly payments still owed for the contract term. Some l... Read More »