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    rhojax's Avatar
    rhojax Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 13, 2006, 01:39 AM
    Auto leasing
    I have a 4 year lease on a 2005 VW Bug, which began in March, 2005. I am allowed 10,000 miles per year on the lease. Vehicle has 10,800 miles currently. I want to get out of the lease now, as I do not need 3 vehicles any more. Short of trading the vehicle in on another one, how do I get out of the lease?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
    		  
    #2

    Jun 15, 2006, 04:08 AM
    If they will permit it, you can sell it and have the buyer assume the lease.

    Also, your lease probably has a payoff amount to buy it... so you could sell it for that amount.
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