Can You Break An Auto Lease Without Wrecking Your Credit?
Can You Break An Auto Lease Without Wrecking Your Credit
?Paying auto lease payments can be a huge financial burden. Wouldn't it be great to return your car back to the dealership and just walk away? You would no longer have to worry about making expensive monthly auto lease payments any longer. In fact, you could use that additional money to pay off other bills or use it to boost up your savings for a rainy day.
Unfortunately, walking away from your auto lease can cause you serious financial problems in the future. For one, the car dealership you leased the car from can decide to sue you and force you to pay hundreds of dollars (even thousands) in auto lease penalties. Secondly, if you have any outstanding payments on your auto lease, it can be handed over to a collection agency. This can leave a negative mark on your credit history. Plus, the default on your auto lease payments can be reported to all three credit bureaus and cause your credit score to decrease. As a result of all this, you will have a difficult time getting qualified for loans in the future. It just isn't worth it!
Get Out of your Auto Lease
There is a way you can get out of your auto lease without wrecking your credit through Walk Away Lease. This program is designed specifically for people who want to get out of their auto lease (for any reason). So, if you decide that you want to stop making auto lease payments in order to save money for your child's college tuition or your own tuition, you can walk away from your auto lease payments without penalty. Best of all, you won't lose thousands of dollars in auto lease termination fees. Even more important, you don't have to worry about ruining your good credit.
Who Will Take Over Your Auto Lease Payments?
It's good to know that you no longer have to make any auto lease payments. However, who will actually take over your auto lease payments. There are several auto buyers out there searching for vehicles who prefer not to deal directly with a traditional car dealership. This is an easier way of getting rid of your auto lease.
How it works
It's simple. On the walk away lease website, all you have to do is fill out and submit an online form. Once an agent has received your information, he or she will review it. They will contact you to let you know if your vehicle qualifies for this program. If your vehicle qualifies, your listing will be posted on the website for buyers to contact you.
Then the walk away lease agents will arrange for all the necessary documentation. Once you and the buyer sign the documents and the documents have been reviewed, then you can arrange for the buyer to pick up the vehicle and you receive your payment. It's that simple.
From that moment on, you don't have to worry about making those high interest monthly auto lease payments. Of course like everything else in life, there are some conditions that apply. For example, the Walk Away Lease only applies to those who are currently leasing late model vehicles. You can find out more details about getting rid of your auto lease the walk away lease website.
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