|
This doesn't make much sense. $367 doesn't sound like an unreasonable payment for a 4-year/15,000 mile/year lease, especially if the cash up-front was minimal. Was there a car traded in that had a payoff substantially higher than its trade-in value? Does the $16,000 residual include sales tax? Normally you'd expect to be able to sell the car for some number not more than say $3-7,000 short of the payoff. What is the payoff on the lease right now NOT including tax? There's no way the car is only worth the residual right now one year into a four lease. Is Hyundai not offering a straight-out payoff with or without tax being charged? Assumption possible by a third party with proper application? If so, does your step dad's estate remain secondarily liable if the party who assumes the lease flakes? You need that to be the case.
__________________
Good post? Leave a tip!
O - $1
O - $2
O - $3
|