Just leased a coupe now looks like i'm getting deployed
#1
Just leased a coupe now looks like i'm getting deployed
Has this happened to anyone with any car?
I just leased the coupe in sept 05. Now I may be getting mobilized next month. I being told that I can get out of the lease but sure as hell don't want to give up my car. To bad my income gets cut by 50%.
just a self pity post really. No need to reply.
I just leased the coupe in sept 05. Now I may be getting mobilized next month. I being told that I can get out of the lease but sure as hell don't want to give up my car. To bad my income gets cut by 50%.
just a self pity post really. No need to reply.
#7
Joined: Jun 2002
Posts: 30,341
Likes: 9
From: Cambridge, Ont. Canada
Originally Posted by macr6
Has this happened to anyone with any car?
I just leased the coupe in sept 05. Now I may be getting mobilized next month. I being told that I can get out of the lease but sure as hell don't want to give up my car. To bad my income gets cut by 50%.
just a self pity post really. No need to reply.
I just leased the coupe in sept 05. Now I may be getting mobilized next month. I being told that I can get out of the lease but sure as hell don't want to give up my car. To bad my income gets cut by 50%.
just a self pity post really. No need to reply.
G/L
C.
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#9
from infiniti financial directly -- you are still responsible for the monthly lease payments regardless of you being deployed unfortunately. sorry i had to tell you this -- this is straight from my business manager at the dealership i work at. best of luck out there my cousin just got sent back there
#10
Well straight from the servicemember civil relief act from congress. I can get out of all home lease and motor vehicle lease. There is no clause about being deployed in my lease.
This is an excerpt from the SCRA. So if anyone else is getting deployed make sure you know your rights!!!
************************************************** ********
Termination of Leases
Another significant change provided in the SCRA, is found in Section 305. The prior law only allowed the termination of pre-service "dwelling, professional, business, agricultural, or similar" leases. The new provision in the SCRA allows termination of leases by active duty servicemembers who subsequently receive orders for a permanent change of station (PCS) or a deployment for a period of 90 days or more. The SCRA also includes automobiles leased for personal or business use by servicemembers and their dependents. The pre-service automobile lease may be cancelled if the servicemember receives active duty orders for a period of one hundred and eighty (180) days or more. The automobile lease entered into while the servicemember is on active duty may be terminated if the servicemember receives PCS orders to a (1) location outside the continental United States or (2) deployment orders for a period of one hundred and eighty days or more. (See Section 305, SCRA)
This is an excerpt from the SCRA. So if anyone else is getting deployed make sure you know your rights!!!
************************************************** ********
Termination of Leases
Another significant change provided in the SCRA, is found in Section 305. The prior law only allowed the termination of pre-service "dwelling, professional, business, agricultural, or similar" leases. The new provision in the SCRA allows termination of leases by active duty servicemembers who subsequently receive orders for a permanent change of station (PCS) or a deployment for a period of 90 days or more. The SCRA also includes automobiles leased for personal or business use by servicemembers and their dependents. The pre-service automobile lease may be cancelled if the servicemember receives active duty orders for a period of one hundred and eighty (180) days or more. The automobile lease entered into while the servicemember is on active duty may be terminated if the servicemember receives PCS orders to a (1) location outside the continental United States or (2) deployment orders for a period of one hundred and eighty days or more. (See Section 305, SCRA)
Last edited by macr6; 12-13-2005 at 04:14 PM.
#13
Originally Posted by macr6
Well straight from the servicemember civil relief act from congress. I can get out of all home lease and motor vehicle lease. There is no clause about being deployed in my lease.
This is an excerpt from the SCRA. So if anyone else is getting deployed make sure you know your rights!!!
************************************************** ********
Termination of Leases
Another significant change provided in the SCRA, is found in Section 305. The prior law only allowed the termination of pre-service "dwelling, professional, business, agricultural, or similar" leases. The new provision in the SCRA allows termination of leases by active duty servicemembers who subsequently receive orders for a permanent change of station (PCS) or a deployment for a period of 90 days or more. The SCRA also includes automobiles leased for personal or business use by servicemembers and their dependents. The pre-service automobile lease may be cancelled if the servicemember receives active duty orders for a period of one hundred and eighty (180) days or more. The automobile lease entered into while the servicemember is on active duty may be terminated if the servicemember receives PCS orders to a (1) location outside the continental United States or (2) deployment orders for a period of one hundred and eighty days or more. (See Section 305, SCRA)
This is an excerpt from the SCRA. So if anyone else is getting deployed make sure you know your rights!!!
************************************************** ********
Termination of Leases
Another significant change provided in the SCRA, is found in Section 305. The prior law only allowed the termination of pre-service "dwelling, professional, business, agricultural, or similar" leases. The new provision in the SCRA allows termination of leases by active duty servicemembers who subsequently receive orders for a permanent change of station (PCS) or a deployment for a period of 90 days or more. The SCRA also includes automobiles leased for personal or business use by servicemembers and their dependents. The pre-service automobile lease may be cancelled if the servicemember receives active duty orders for a period of one hundred and eighty (180) days or more. The automobile lease entered into while the servicemember is on active duty may be terminated if the servicemember receives PCS orders to a (1) location outside the continental United States or (2) deployment orders for a period of one hundred and eighty days or more. (See Section 305, SCRA)
Wow man... I'd be pretty pissed at the dealership if they knew about this clause and tried to play dumb about it and screw you over with lease payments. Definitely wouldn't buy/lease another vehicle from them.
Good luck with your military leave. Come back safe.
#14
Originally Posted by macr6
Has this happened to anyone with any car?
I just leased the coupe in sept 05. Now I may be getting mobilized next month. I being told that I can get out of the lease but sure as hell don't want to give up my car. To bad my income gets cut by 50%.
just a self pity post really. No need to reply.
I just leased the coupe in sept 05. Now I may be getting mobilized next month. I being told that I can get out of the lease but sure as hell don't want to give up my car. To bad my income gets cut by 50%.
just a self pity post really. No need to reply.
I hear that if you leave there is a way that you can cut you debt. or even put a hold on pmts. till you get back. You should look into it. I was told by a friend who went to IRAQ. Thats all i now.
#15
Partyman, this clause is part of the relief act from congress. It's not part of the clause in the lease agreement. What that does is allows servicemembers to break leases if they are deployed fo rmore than 6 months.
There is a way to cut debt like having your house be 6% intrest only but I have a better deal with the bank already. All your debt goes to 6% interest. So there are some things to help out. It hurts bad though when you make X amount of dollars in the civ world then when you get activate you make X/2.
Thanks for all the kind words guys. Our mission is still up in the air as of yet. Will find out more soon. :| Hurry up and wait is the army motto
There is a way to cut debt like having your house be 6% intrest only but I have a better deal with the bank already. All your debt goes to 6% interest. So there are some things to help out. It hurts bad though when you make X amount of dollars in the civ world then when you get activate you make X/2.
Thanks for all the kind words guys. Our mission is still up in the air as of yet. Will find out more soon. :| Hurry up and wait is the army motto