Re: Leased Car Repo Question...

Posted by Razor (65.33.36.192) on April 25, 2002 at 22:24:16:

In Reply to: Leased Car Repo Question... posted by rob on April 25, 2002 at 21:51:15:

A lease is a loan for the purchase price of the car. If the lease is paid in full and the option to buy isnt picked up then she isnt responsible for the remainder. If the vehicle is repo'd voluntarily or not then the full value of the loan applies. Check your lease agreement it may have different penalties for breaking the lease. The safe bet is to include it in the BK.

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