Difference between revisions of "Leasing a Car"

Leasing a Car (view source)

569 bytes removed , 05:28, 26 September 2023

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 If you’ve already been making payments, the '''two-thirds rule''' comes into play if you’ve paid back at least two-thirds of what you owed. In this case, the creditor needs a court order before seizing the vehicle.
-====The dealer must tell you if there is a lien on the vehicle====
-Another [https://www.canlii.org/en/bc/laws/stat/rsbc-1996-c-410/latest/rsbc-1996-c-410.html#sec16_smooth BC law] requires a person leasing goods to tell you if there is any '''lien''' or charge on the goods in favour of a third party. A lien is a legal claim made on property — such as a vehicle — to make sure someone pays a debt. Liens are attached to a vehicle, not to its owner. If you lease a vehicle with a lien on it, the lien holder can take the vehicle from you as payment for the debt.
 ==Protect yourself!==