Is it possible to exit a car lease early?
Getting out of a car lease implies the termination of the lease before the period is over. It is a difficult and complicated process to terminate your car lease before the end of the lease term. It is for this reason that many companies do not provide for lease transfers. The easiest way to get out of a car lease is to get it transferred to another willing person. This is called lease assumption. A person wishing to terminate the lease may post advertisements on the Internet or in stores. If a person decides to they want the vehicle, the original lessee is contacted. Once all the terms are explained to the new lessee, the leasing company may begin the procedure to transfer the lease. The new lessee will have to pay the same amount per month as the original lessee. The name of the original lessee will be removed from all liabilities and will be replaced by the new lessee. Some leasing companies do require that if the new lessee fails to keep up monthly payments, the original lessee is h
