Atlanta, GA asked in Contracts and Arbitration / Mediation Law for Tennessee

Q: I’m leasing to purchase a truck and was told I can’t pay it off early. Its not in the lease agreement. Can I pay it off

The truck is $692 a week for 208 weeks which is for 4 years. Im 3 years and 2 months in and want to pay it off early. Im was told that I could not pay it off early but every company or place that has a lease has an early pay out option. It’s not in the lease agreement that I can’t pay it off early.

1 Lawyer Answer
Henry Ambrose
Henry Ambrose PRO label
  • Arbitration & Mediation Lawyer
  • Franklin, TN
  • Licensed in Tennessee

A: You should take the agreement and all the paperwork you have from the time of leasing to a lawyer for consultation.

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