Exit Your Lease Early

Exit your lease - summary

Exiting your lease does not have to be a painful process if you understand your options.  In most cases it is best to attempt a vehicle lease transfer first because this is the most cost-effective method of eliminating your lease liability. 

Try to remember that if you are currently in a lease agreement, you are locked into this liability for the remainder of your term.  It is not a month-to-month liability.  Therefore if you can find someone who is willing to assume your lease or discover a way to exit your lease without paying huge penalties, you are really avoiding a much larger total liability than your monthly payment.

You need a little bit of time and patience to exit your lease.  Between the buyer, the leasing company, and any third parties you may have to deal with, it’s just a small exercise in logistics and patience before you can walk away from your lease.