Auto lease breach of contract

[KingSandy]

Louisiana

What will happen in an auto lease breach of contract. Can I get a release of debt?

 

[TCB4U2B2B]

I Don't Recommend It!

KingSandy

It's a legal and binding contract. Only release you'll get is to pay all required monies. You cannot breach the terms of that contract.

If you have fallen on hard times or have other reasons you think are valid, forget them. The lending company who holds the contract is not responsible for your decision to lease, personal situations or problems and never shows any sympathy for a lessee in a business deal.

There are actions against you that will take place should you fail to maintain the contract.

The vehicle will either be repossessed or you can return it and it will be resold. Until it's resold, you'll be liable for the payments.

You'll also have to pay ALL costs associated with the costs to recondition it, tow it away and depreciation costs, plus owe the difference between the selling price and actual amount owed, etc. For you, it's a Lose - Lose situation.

However, once it's all done and your paid up...you'll get the release you want and learn from the lesson.