Early Termination

Lease contracts specify all the conditions under which the contract may be terminated. Some of the lease companies do not allow termination in the first few months or last few months of the lease. Every leasing company has its own terms and ways to handle an early termination. So the costs can also vary depending upon the method used to calculate remaining lease amount. Terminating a lease contract can prove to be costly, so it must be avoided if at all possible.

Some of the conditions for getting out of a lease contract include:

• Turning in the vehicle at the dealership before the end of your lease and paying the amount incurred in the form of numerous penalties on the basis of your contract.
• Transferring your lease on Quitalease.com.
• Refinancing your lease.
• Buying your vehicle from the leasing company and selling it outright to another seller.