One pay lease question

Ask the Hackrs
,
1

What happens to your $ when car on a one pay lease is stolen or damaged?

Any other points to consider for one pay?

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2

Search the forum. This question has been asked many times

3

Thanks.
Didn’t find it.
If anyone wants to reply with an answer I’d appreciate your assistance. :+1:t3:

4

You’ll lose money when the car is totaled.

You also pay the MF (basically interest) on money you’ve already given to the lender, even though you have already given it to the lender so there is no risk to the lender.

5

If the car is stolen or damaged insurance will repair it. If it is declared a total loss then it vary based on the brand

6

Thanks thc!

7

Asked and answered before. @BoardWalkNJ pulled up just a couple of the threads.

8

OP thanks a user who responded with totally incorrect info. Nice!!!

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