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Old Jan 14, 2021, 06:57 AM
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Have Hope Have Hope is offline
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Member Since: Dec 2017
Location: Eastern, USA
Posts: 9,721
Yeah, ironically he works at a car dealership, but not Honda.

And yeah, talking to him is not helping things. I have to speak with my lawyer soon. He is here to negotiate these points. It turns out that both our names are on the car lease, and that we have equal responsibility. I thought it was mainly in my name. So I cannot just take the car from him or sell the car myself.

And it turns out that if we sell the car, we will collectively between the two of us owe Honda $4,000. The car is valued at 22K. The lease is valued at 26K. So we would have to pay the dealership a hefty price. That's not going to work either. And he tells me he cannot trade it in or refinance it without paying a hefty price.

So I am stuck on this damned lease. That's where we are at. The only other option now is to include an indemnification clause for me that absolves me of any financial responsibility for the monthly payments, for any damages to the car, and for going over the mileage.
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