Quote:
Originally Posted by imy
someone help me out? I have a car lease coming to an end. the GFV is lower than the outstanding finance, does this mean that I owe the finance company money? Never had a lease before and trying to get my head around this.
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No, it means you hand the keys back if you got to the end of the term, as the final value is guaranteed the finance house have to swallow the negative equity.