How Do You Break A Car Lease?
If you’re in the midst of a financial crisis and need to break a car lease because you can’t continue the payments, you do have options. By transferring your car lease to another person, you’ll be able to break a car lease with minimal fees. Use these steps to familiarize yourself with the possible costs and conditions. Break the car lease by transferring the lease ownership to another person. To transfer the car lease, you’ll need the approval and cooperation of the dealer to oversee the transaction. You’ll have to pay transfer fees and the new owner will need to complete a credit application and sign a new, shorter lease contract. Use a car lease transfer company to help you find someone to take over your car lease. Although you’ll have to pay an assortment of fees like advertising and transaction costs, they’ll be less than buying out the lease and paying the early termination penalty. Before you break a car lease using a transfer, however, ensure your lease company doesn’t prohibit
