Questions about the Service Members Civil Relief Act
06-09-2008, 01:05 PM
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Questions about the Service Members Civil Relief Act Alright, here is a hypothetical question/scenario.
The newer SCRA allows service members already serving on active duty who are leasing their car the option to turn it in without paying any early termination fee. This is if the service member comes under either overseas or deployment orders taking him/her overseas for greater than 180 days.
Now i know that some dealerships based on my "google" research require service members to sign a waiver, basically taking away that entitlement. (bogus).
To my point.... What is to stop Private Snuffy from Trading in a car that he is upside down on for a lease, knowing in the back of his head that deployment orders are on the horizon. Therefore, when he receives the deployment orders, he then turns the lease back in under the SCRA effectively getting scott free out of the "upside down" status and a car payment while overseas. All he will bite is "higher" than average lease payments as the upside down portion of his trade in is calculated into the lease payments. No biggie for a couple months to save thousands...
Any of you NCO's, PO's or O's have any experience with the SCRA and auto leases?
The newer SCRA allows service members already serving on active duty who are leasing their car the option to turn it in without paying any early termination fee. This is if the service member comes under either overseas or deployment orders taking him/her overseas for greater than 180 days.
Now i know that some dealerships based on my "google" research require service members to sign a waiver, basically taking away that entitlement. (bogus).
To my point.... What is to stop Private Snuffy from Trading in a car that he is upside down on for a lease, knowing in the back of his head that deployment orders are on the horizon. Therefore, when he receives the deployment orders, he then turns the lease back in under the SCRA effectively getting scott free out of the "upside down" status and a car payment while overseas. All he will bite is "higher" than average lease payments as the upside down portion of his trade in is calculated into the lease payments. No biggie for a couple months to save thousands...
Any of you NCO's, PO's or O's have any experience with the SCRA and auto leases?
