Site: nolo.com
... When you lease a car, you sign a contract with the lessor. ... In this situation, not only will you lose the car, but you'll also owe a sum of money to the leasing ... company, like for the past-due amounts, the remaining lease balance, certain costs, and other amounts ... the Lessor Repossesses the Car
After the car is repossessed, you’ll likely owe:
the remaining lease ... Say you owe $3,500 on a leased car but you stop making payments. ... Will I Owe Money If My Leased Car Is Repossessed? ...