Pros and cons on surrendering a leased car?

If it’s leased don’t you have to give it back? or did i misunderstand?

@XOIIO I think they mean give it back before the lease is up.

Oh OK

Yeah. Befor the lease is up. The lease is up in 2011

any help?

Presumably you have a copy of the lease agreement which you signed?

If you did not read every part of it prior to placing your signature, now would be a really good time to do that.

My hunch is that it will be a losing proposition for you. But if you can no longer afford the payments you may not have any other choice.

A voluntary surrender is def better than allowing it to proceed to the repo stage which could add charges for that added to any amt. you would owe.

As a last ditch effort it may be wise to give them a call to see if there is any chance of renegotiating it down to a lower monthly amount in exchange for a longer total period of monthly charges.

Obviously that would cost you more in the long term so you are the only one who can decide if it’s worth it to you.