Legal Question in Consumer Law in Illinois

Auto leases

Can I voluntarily return a leased vehicle,and get out of the lease withouy hurting my credit rating?


Asked on 8/03/08, 6:17 pm

1 Answer from Attorneys
Lesley Hoenig Lesley A. Hoenig, Attorney at Law

Re: Auto leases

I think you would need to discuss this with the company you are leasing the vehicle from. Would they be willing to agree to take the vehicle back without reporting it on your credit report? What do the terms of the lease say about returning the vehicle early? Do you have a reason other than inabilty to pay for returning the vehicle? The answer really depends on the circumstances.

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Answered on 8/04/08, 3:06 pm


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