Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Van lease, half rule or default?

Comments

  • #2
    L1011
    Registered Users, Registered Users 2 Posts: 71,113 ✭✭✭✭L1011


    Check your lease contract, this is the only way to answer question 1. My best mate was able to return a car on an AIB lease, but it may be different for commercials.

    For 4: No. If you do sell it you *have* to make the final payment to AIB instantly and I doubt you can sell it for the amount outstanding as there's a glut of commercials out there now, for the same reasons you'd want to sell.

    As goes 5:, you'll again need to check the contract. There's generally two types, one where you own it and another where you've got the option of a balloon payment or returning the vehicle.


  • #3
    justbored
    Closed Accounts Posts: 209 ✭✭justbored


    This post has been deleted.


  • #4
    L1011
    Registered Users, Registered Users 2 Posts: 71,113 ✭✭✭✭L1011


    It was detailed in his contract. He'd paid a fair bit more than half but the car still wasn't worth the redemption level.


    Anyway, it sounds as if your van is purely leased ("lease" is often used to refer to HP agreements here), going on that bit about renewals. This means you definitely can't sell it under any circumstances, and would have to return it at the end.

    But it also means you might be able to negotiate a return now. Phone AIB in the morning and see.


Advertisement