Ok so to make a long story short i recently just financed a car back in December with Roadloans.com ... i got a horrible rate... so i took my mom to get a car from Planet Honda she got a nice deal.... So i thought i could bring my car back and trade it in and be ok with it ... i owe 13,700 on my car and had a 16% interest rate... So i went to Planet Honda traded my car in for a 2013 Honda Accord in which comes to find out its not financed its leased and im over paying by alot on it my payments are $656 a month keep in mind that the trade in allowance they gave me for my car was 9800 ... But to the main part i cant afford to pay $656 for a car not right now ... Ive been back to the dealer several times trying to give it back i keep getting turned away what are my options i really need help i want to get out of this 35 month lease if i have to continue like this i will have paid by the end of this lease term 23K for the car and then owe 14k on it to buy it out because the way i travel to work is definitely going to go over the miles allowance given to me what can i do to reverse this process and get my car back or at least get me out of this loan deal... Dealer says wait 4 months and come back because he could not generate a Auto FICO for me since this is my first car loan with a main bank roadloans was my first but they said they are bad and not considered a prime car financer so they didnt build me any auto FICO.... I even showed them this FICO listed here and they showed me what my auto fico said NO SCORE could be GENERATED... and they pulled Transunion...
Maybe something illegal was done when you leased the car. That might be a way to get out if you can get a lawyer to help. Hard to imagine leasing a car without even knowing it.
Then you might have to make the payments for the 4 months. Then see what the dealer can do. Get some cash together to cover the hefty cost of getting out of the lease early.
How much does the dealer you got the car from want to charge for an early lease termination?
I wasn't aware roadloans did lease's. Maybe they sent you to a dealer who signed you up for a lease to avoid roadloans.
they claim that i was upside down so a lease was my best option no clue what that means im new to this lol kinda an idiot to these terms only 22
@Strepthroat that the hard part for me i dont think my credit is well enough to qualify for a buyout payment on this car it would be a miracle im building credit so it really no chance in getting a bank to give me a loan for that amount...
What kind of car do you have?