What is the Average Fee for Terminating a Car Lease?
Terminating a car lease is expensive. If you terminate your lease early it will affect your credit report as well as your pocketbook. There is no easy way to get out of car lease. A lease is a contract, and the leasing company will expect you to fulfill your end of the bargain. Simply returning the car and paying a small fee is usually not an option. Dealers will often expect you to pay out the lease payments or buy the vehicle outright. There is no standard fee for terminating a lease early. Each individual case is different. One option is to lease a different car with a lower payment. Often a dealer will terminate your current lease with no penalties if they can put you in a new car.
