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I want to end a car lease agreement I do not have enough money to pay off the loan,how much would they charge me for the penalty?

1 Answers. Asked on Mar 17th, 2017 on Consumer Law - New York
More details to this question:
Are there any ways to lower that penalty? I have a newborn baby 1 month old and I do not have funds to pay the lease anymore
Answers Showing 1 out of 1
Answered on Mar 18th, 2017 at 7:31 AM

Go to the dealer and see whether they would accept the car back and waive the lease.  If you return the car, you will not be responsible for repo fees etc., which you would be if you just do not pay and keep the car.  Explain you cannot pay.

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Consumer Law
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