can I terminate my auto lease early?

Question

I have already been in the lease for almost 3 years now.

Answer 1

I depends on the leasing company fine print. You might have to pay a penalty. Unless you want to buy the car. Call them or your dealer and ask.

Answer 2

Not really. When you lease you are committing to a chunk of money that just happens to be spread out over a period of time. You can't even sell the car because you don't have title to it. Even if you could, you'll find if you check your terms a buy-the-car price at the end of the lease plus the sum of the lease payments themselves will be way more than the car is worth on the market. Yer toast, man. My advice, next time BUY your car with as much down as you can afford. That way when you get sick of looking at the same 'ole dashboard you have at least a chance of unloading it. Leasing was originally intended for commercial users to allow fixed writedown of fleet and company cars etc etc not hotshots looking to be seen in cars they could not otherwise afford. That car gets old and boring but the pain goes on...

Answer 3

yes you can however it may not be all that benifecial to you

1. call the leasing co (who you send payments to) thier ph# should be on the bill and ask for the amount due? you may have to pay all of your remaining payments.
how long is your lease for any way? you said you've paid for 3 yrs already. because very few leases are more than 36 mos and very rarely over 48 mos
goodluck

Answer 4

If your lease is almost up, some banks will let you out early, without penalties, if you lease another car with them. But if you don't plan on leasing again, they usually require that you pay the remaining payments before they let you out.

You can list it on http://www.swapalease.com instead.

Answer 5

Yes, but it will cost you a pretty penny. You'll have to pay out the remainder of the lease anyway so keep driving it until the end.