Before any of you flame me or accuse me of being a troll please read through this entire post, if nothing else it might enlighten you. In Sept. '02 my parents leased a new '02 Impala through GMAC through a local Chevy dealer. On Oct. 28th my Mom went in the hospital for knee replacement surgery, 4 days ( Nov. 1st) later she died very suddenly from a blood clot that was a result of the surgery. Begining Nov. 10th, my father began trying to work with GM/GMAC to early terminate the lease as he is now in a position of having three vehicles (the Impala, a '00 Dakota (his former company truck), '02 Dakota current company truck), no need for three vehicles, and an inability to afford all three vehicles. He has talked to 5 different GM dealers in our area, including the top rated Corvette dealer in this market, and a priority GM dealer. Flat out the dealers cannot help him their hands are tied by GMAC. Okay so he has tried talking to GMAC, direct quote from GMAC VP of Finance "We're sorry to hear of your situation, however, due to the terms of your lease their is nothing we can do to assist you with early termination. Please note that had you purchased the vehicle you would be in a similar situation, and we would be unable to assist you as well. However, we can make the following offer to you, if you wish to turn the vehicle in early, you may do so by paying off the remaining balance on the lease ($6,000 + plus fees + damage ) or by selling the vehicle yourself in order to payoff the purchase/lease agreement, or by finding someone to assume the lease, provided they qualify with GMAC. The minimum amount we will accept for settlement is $18,000." How the hell do they figure if they had purchased it would he be in the same situation, had they purchased it, he could sell it for what is owed on it. We have been trying to sell or release the car since Nov. 15th to no avail, he has been making payments on it, but..... Now comes the real rub, he contacted GMAC a week ago and told them he was turning the car in (voluntary repossession) and that they could do what they want with it. Today he recieved a notice from GMAC stating that if he voluntarily terminates the lease early, GMAC will hold him, his heirs (me), his property, his personal business (he owns his own business) financially responsible for any outstanding balance and legal fees due related to this vehicle and all prior telephone calls are recorded, and should he attempt to file bankruptcy to avoid payment of the balance due in the event of a lawsuit, GMAC will seek any and all legal means to have the bankruptcy forcibly discharged in order to obtain their money. Just a little something for all of you to keep in mind regarding this grand company. FWIW, I know that most of the manufacturers randomly view these newsgroups (BTDT in another auto newsgroup), so to GM/GMAC reps. I personally plan to bash your companies every chance I get, be it in public, private, local, national, international media. I plan to let as many people as possible know what a cold blooded, uncaring, heartless, screw-job corporation you are, this includes all subsudiaries of General Motors and General Motors Acceptance Corp. Don't like it, sue me!!!!!!!!!!
Eric Powers