Early Lease Exit: How to Upgrade Your Car Without Waiting for the Lease to End
You don’t have to wait until the end of your lease term. If you've decided to exit your current lease early, you have the chance to choose a car that better suits your needs. We’ll help you end the lease with minimal penalties for early termination.
Looking to exit your lease quickly and hassle-free?
We understand that life can bring unexpected situations that may require an early lease exit, such as:
- Dissatisfaction: Over time, you may desire a smaller or larger vehicle, something more luxurious, or a sportier model.
- High Payments: If your financial situation has changed, and it’s challenging to keep up with monthly lease payments, an early exit could be the best option.
- Changing Needs: Sometimes people outgrow their vehicle. For instance, you might have had a compact hatchback, but now, with a growing family or a new child, you need a more spacious car.
- Upgrading: If you follow the latest automotive technology trends, your previous car may no longer meet your standards, and you want to try a model with the newest features.
To avoid possible penalties for early termination, it's recommended to return the car as close as possible to the end of the lease term. Returning the car in the same condition as when you received it can save you money, allowing you to choose a new lease car that better fits your needs.
Possible fees for early lease termination may include:
- Early termination penalty
- Remaining lease payments
- Transportation fees
- Preparation costs to ready the vehicle for its next lease
- Repair costs if vehicle damage exceeds normal wear and tear