Can I Terminate a Vehicle Lease Early in Santa Rosa, California?
What You Should Know
If your car isn't shining like it used to or you're not willing to take on the payments any longer, you do have the option to terminate your lease.
Sometimes your life needs an upgrade, and that includes your ride. You'll be happy to know that there are plenty of options for terminating your lease.
Most lease terms allow for early cancellations, but not without a cost. Be sure to research the agreement before committing to your decisions.
If you have specific questions about your lease, you should contact our dealership's finance department in Santa Rosa, CA.
How to Terminate Your Lease:
- Return the car and pay the fees: Calculate the proper payoff amounts and fees before making your decisions. If you are near the end of your contract, it might be more feasible to return the vehicle and pay the fees.
- Transfer your lease: This is a reasonable option for most contacts. Various online companies are here to help you explore your lease options and fees. If you default on your payments, you might have trouble getting out of the lease. Look at your contract if an issue such as this arises.
- Trade in for another vehicle: You can roll the fees over into a new lease agreement, which might make monthly payment higher. If you do this, you can pay the costs from the old lease a little at a time instead of in one large sum.
- Purchase the vehicle: You can finance the rest of the vehicle's value at the end of your lease or buy it outright.
In conclusion, it is very possible to end your lease agreement early. Look over your contract before making any decisions and be sure to talk to our finance department. We are here to help you navigate your contract and our lease offers!
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