When leasing a vehicle, the buyer is agreeing to make regular payments, follow a scheduled maintenance plan, and keep the vehicle for the duration of the contract. A popular misconception is that it is impossible to end a lease early. In truth, all leases can be terminated early. However, since lease agreements are not designed to be broken, substantial penalties and fees are usually associated with early termination. It is, in the end, a question of cost.
In many cases, from unexpected lifestyle changes to just boredom with the vehicle, buyers may consider ending their automotive lease before the end of the term. With appropriate vehicle preparation and picking the right time to end the lease, it may be possible to terminate a lease early and do so with very little penalty. To get a professional opinion how to lower your penalties or prevent them completely, please give us a call!