Big D

I did that ballon payment lease dealy, anyone know what the dealer and AOA are gonna hit me up with?

2.7tDallas

Get your bill and call the finance company. most have automated systems

Big D

Do I owe the residual as well as the remaining payments?

marblehead

Actually the leasing co. will give you the exact number, but the calculation is basically: the residual value plus all of the remaining payments, minus the interest portion of the remaining payments (they don't charge the interest portion of the payments because you no longer have the car).

April

If closed end lease and not keeping car, you will owe for remaining payments, plus some penalty charge ( often negotiable ). If buying out the car, yes you will pay remaining payments and residual ( also sometimes negotiable ).

A4Boy-NJ

Call AFS and ask for the "payoff" and ask them to include the sales tax. That is it. In essence your are purchasing your car. You can do this at any time during or at the end of the lease. There are no penalties or other fees. In some instances this is not a good idea (unless you are way over on your mileage). If you add up all of the payments you made up to this point, then add to that the buyout figure with tax included, you may be paying way more than if you would have purchased the car (financed it) from the start.