That's horrible. Especially considering how many vehicles you've bought from them.My husband passed away quite suddenly on 10/13. I will not be receiving his pension (that's another story) so my income will be drastically reduced each month. I will need to sell our home (we have a mortgage) and find an apartment.
My immediate concern (among many) is how to get rid of a lease on the truck we just got in March (it has 880 miles on it). I went to the dealer and was told it has a small amount of equity ($2000) so they don't want it back. I need a smaller vehicle and a smaller payment. I tried to trade the truck for a new car SUV lease but they brushed me off.
I know that dealers buy back leases and that you don't have to go to the dealer you originally got the vehicle. It was really upsetting for me, especially after the shock of losing my husband, because of the way I was treated after we had dealt with them for many years and purchased/leased 8 other vehicles from them over the years.
I'm hoping for some advice to help me deal with this.
When I needed to get rid of a van I'd recently bought and could no longer pay for, I asked the dealership for a "relinquishment form." I specifically said I needed to relinquish the van, and they gave me that form. I filled it out that night, and gave them the form and the keys the next morning.
They auctioned off the van, and I was on the hook for a discrepancy balance of $9K, but I didn't pay it. Not one payment. They called every month to ask if I could make a payment, and I always said no, and after about 6 months, they stopped calling.
If you formally relinquish your vehicle and then sell your house, that dealership could probably take the discrepancy balance or a percentage of it from the profit of the sale, if they apply for it or are notified during escrow. That'd be the only downside.