Saturday, October 25, 2014

My father is 94 years old, and signed a three-year auto lease last year. He can no longer afford to pay for the lease and really doesn't nee...

Question

My father is 94 years old, and signed a three-year auto lease last year. He can no longer afford to pay for the lease and really doesn't need the car. The dealer and lease-holder only give the standard answer (you signed--you owe), And the buy-off value is far greater than the market value for the car. What are his options?



Answer

The dealer is correct.

Was your father competent to sign the agreement?



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