Sunday, January 19, 2014

When a leased car is reposessed do you owe just the amount left on your lease or the full amount of the car if you can't afford to pick it up and you let them keep it?

When a leased car is reposessed do you owe just the amount left on your lease or the full amount of the car if you can't afford to pick it up and you let them keep it?
Both. You will owe the balance of the lease, payoff on the car, mileage, and repo fees, including storage and auction costs.

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