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Originally Posted by Derek Sutton
What? Why? This is just stupid. First the lease agreement is with Hyundai, not the dealer. Second, there is a good chance there is equity in this vehicle, and third, that will not stop any payments from coming out of the bank account.
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If there's equity in the vehicle and that specific model is holding value, the dealer may just take the vehicle and works things out with the leasing company. I brought up this option earlier.
You're right though, that's very different than just dropping off the keys and ceasing payment without any kind of deal in place. In that situation the leasing company will repossess the car and you could also be on the hook for the balance on the lease, any costs associated with repossessing the vehicle, costs associated with a court case, interest, etc...If the father has any other kind of assets, that's a bad idea. Especially, as from the sounds of it, the vehicle is likely almost brand new and would likely be easy to move.