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Settling outstanding lease amount.

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Hiya,

I've got a lease due to finish in 13 months.

I've been completing mortgage apps and agreement in principles, the lease is reducing the amount I can borrow.

If I was to settle the outstanding lease amount, would I still be able to keep the car until the end official agreement date.

Going to phone up tomorrow but someone might already know?

Cheers

I would imagine only your lease company would know that.

In principle it would be possible, and it would be in their favour as there would be a guarantee of no missed payments. However they might not want to deviate from the lease agreement as its a legal document.

Edited by 999pooch

  • Author

Called them up. If I settle outstanding lease amount, the car has to go back.

But bizarre really.

Called them up. If I settle outstanding lease amount, the car has to go back.

But bizarre really.

Which lease company? PM if you prefer :)
  • Author

It's through Volkswagen finance.

I guess I wouldn't be able to transfer in to someone else's name either?

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