Getting out of Car Lease Contract early

[AlexPTY]

Hello, i need to leave Thailand for cancer treatment and probably will not be back. i have lease for Toyota, 4 out of 5 years are paid. What's the best way to get out of this situation? i am not really concerned about losing money or just walking away.

 

Thank you

[transam]

A tent will probably take it and sort the hire purchase...Worth a try..

[Big Guns]

You can sell it privately. Once the sale is agreed you must go & settle the outstanding finance. The finance firm can then issue the blue book.

[Odin Norway]

Ask the lease company what is left and pay it out first. Then sell it to the highest bidder. Most likely you will need to pay the interest also.

[CharlieH]

Any charges interest etc will have been added up front. Usually there is nothing to be gained by paying off early. In your situation, I would recommend as above, Pay it off, get the blue book and offer it for sale asap. 

 

Why not state model etc on here you might get an offer ! (pm me the basic details and I'll insert it into the OP for you.)

[vinegarbase]

You have 2 options. 

 

1. Call your financing company and ask them what you need in order to pay off the vehicle. Once it is paid off then sell it outright.

2. Try to sell it to someone who will pay part cash and will take over the remaining financing. You should be able to transfer the financing to the other party but of course there will be more paperwork and hassle involved doing that. 

[ALFREDO]

Go to Toyota, ask them to look for Company to buy your car.

Surely you get less, as if you would sale it by yourself to a new private owner but it is faster. 

Or and go to the many second hand shops on roadside and sale your car.

 

All these people know how to deal with the Company which Financed the car.

You get the price for the 4 year old car minus the outstanding loan. 

I did just that in January and made it beforehand some years ago in same way. 

 

 

[AlexPTY]

Thank you all for advice, i have 275K left and it's black 2015 Mazda 2 (sorry not Toyota, was a auto-correct typo) with only 6000km on it, mint condition, have small scratch on the back. Leasing company was actually pretty helpful with all my questions too. i am leasing second car with them. Pictures here: http://en.pattayacar4sale.com/cars/for_sale/mazda-2-skyactiv-sport_942

Edited November 21, 2018 by AlexPTY