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Car Lease Termination and Auto Lease Assumption - Lease Trader - The standard in Auto Lease Transfers and Car Lease options

Car Lease Penalties

2016 Toyota Corolla S LT 254626
2016 Toyota Lease Location: Los Angeles, California
Category: Sedan
Exterior color: Red
15 month lease
$100.00 lease payment
Fuel efficiency: 29 city, 38 hwy
2015 Smart Fortwo Pure Coupe LT 221696
2015 Smart Lease Location: Tampa, Florida
Category: Compact
Exterior color: Black
14 month lease
$138.28 lease payment
Fuel efficiency: 33 city, 41 hwy
2016 Toyota Camry SE LT 249161
2016 Toyota Lease Location: Simsbury, Connecticut
Category: Sedan
Exterior color: Dark Red
28 month lease
$150.00 lease payment
Fuel efficiency: 25 city, 35 hwy
2016 Chevrolet Cruze LT LT 254000
2016 Chevrolet Lease Location: Dearborn, Michigan
Category: Compact
Exterior color: Silver
15 month lease
$179.73 lease payment
Fuel efficiency: 26 city, 36 hwy
2014 Chevrolet Sonic LT Sedan LT 245324
2014 Chevrolet Lease Location: Larchmont, New York
Category: Sedan
Exterior color: Silver
13 month lease
$189.00 lease payment
Fuel efficiency: city, hwy
2016 Toyota Corolla S LT 261175
2016 Toyota Lease Location: Los Angeles, California
Category: Sedan
Exterior color: Blue
24 month lease
$189.99 lease payment
Fuel efficiency: 29 city, 38 hwy
2016 Buick Encore Premium LT 257468
2016 Buick Lease Location: La Verne, California
Category: SUV
Exterior color: Charcoal
14 month lease
$198.42 lease payment
Fuel efficiency: 25 city, 33 hwy
2014 Ford Focus S LT 254009
2014 Ford Lease Location: Abington, Pennsylvania
Category: Sedan
Exterior color: Silver
12 month lease
$199.99 lease payment
Fuel efficiency: 26 city, 36 hwy
2016 Ford Fusion Hybrid SE LT 257216
2016 Ford Lease Location: Boston, Massachusetts
Category: Sedan
Exterior color: Black
27 month lease
$211.00 lease payment
Fuel efficiency: 44 city, 41 hwy
2015 GMC Terrain SLE1 LT 254056
2015 GMC Lease Location: Woodland Hills, California
Category: SUV
Exterior color: Dark Red
17 month lease
$215.00 lease payment
Fuel efficiency: 22 city, 32 hwy
2015 Nissan Altima 2.5 S LT 254126
2015 Nissan Lease Location: Lansing, New York
Category: Sedan
Exterior color: Black
19 month lease
$224.50 lease payment
Fuel efficiency: 27 city, 39 hwy
2016 Nissan Leaf SV LT 261680
2016 Nissan Lease Location: Mckinney, Texas
Category: Compact
Exterior color: Bronze
34 month lease
$226.02 lease payment
Fuel efficiency: city, hwy
2016 Toyota Camry LE LT 257388
2016 Toyota Lease Location: Millersport, Ohio
Category: Sedan
Exterior color: Silver
22 month lease
$230.34 lease payment
Fuel efficiency: 25 city, 35 hwy
2015 Toyota Camry SE LT 251597
2015 Toyota Lease Location: Peabody, Massachusetts
Category: Sedan
Exterior color: White
19 month lease
$233.00 lease payment
Fuel efficiency: 25 city, 35 hwy
2015 Toyota Camry SE LT 257289
2015 Toyota Lease Location: Canton, Ohio
Category: Sedan
Exterior color: Silver
20 month lease
$140.85 lease payment
Fuel efficiency: city, hwy
2015 Nissan Rogue S LT 253103
2015 Nissan Lease Location: Atlantic Beach, New York
Category: SUV
Exterior color: White
17 month lease
$249.00 lease payment
Fuel efficiency: 26 city, 33 hwy
2015 Audi A3 Premium 1.8 TFSI LT 251249
2015 Audi Lease Location: Los Gatos, California
Category: Sedan
Exterior color: White
14 month lease
$249.00 lease payment
Fuel efficiency: 23 city, 33 hwy
2014 Mercedes-Benz CLA250 4MATIC 4-Door Coupe LT 252628
2014 Mercedes-Benz Lease Location: Maplewood, New Jersey
Category: Sedan
Exterior color: Gray
12 month lease
$249.02 lease payment
Fuel efficiency: 23 city, 33 hwy
2013 BMW 528i LT 262366
2013 BMW Lease Location: La Verne, California
Category: Sedan
Exterior color: Gray
17 month lease
$246.12 lease payment
Fuel efficiency: 23 city, 34 hwy
2015 Lexus CT 200h Hybrid LT 247716
2015 Lexus Lease Location: Fremont, California
Category: Sedan
Exterior color: Gray
16 month lease
$283.76 lease payment
Fuel efficiency: 43 city, 40 hwy

If you have really high mileage fees, consider selling the car yourself rather than paying the penalty. Any dents should be removed by a local body shop rather than turning it in with the damage. Customers get upset about having to pay mileage penalties. When you decided to lease the car, you said you would drive only 12K miles a year. If you drive more, you have to pay for the value of the car you have used.

Many problems with leasing can be avoided by negotiating a good lease in the first place. Do your homework even before stepping into the dealership. Make sure you read all of the contract twice so that you can find any hidden costs and fees. Preferably, sleep on it but take a written offfer with you so that conditions cannot be changed when you go back the next day.

Try not to put money down. This is very important. We recommend an alternative. If you have to put that two thousand down to get the payment where you want, take the two thousand dollars and put it in a separate account and use a portion of that each month to help make the payment. Since gap insurance will not cover any down payments in the event that the car is totaled. Gap insurance will only pay for the current buyout price.

Avoid subsidized leases with inflated residuals. You won't be able to afford the car at the end of the lease because it won't be worth what the contract states. You will be stuck and will have to turn it in. A lower payment isn't always a better deal.

Lease the car for a term not longer than you would normally keep a car. If you keep a car about three years, do a three-year lease. A four- or five-year lease will be harder to get out of and more difficult to turn in without extra fees. Make sure that the warranty covers you for the term of the lease.

Choose a car with a naturally higher residual. If the vehicle holds its value - or surpasses its expected value there may be an option to buy it and make money at the end of the lease.

If you have now a car lease that you want to terminate early Click Here for the cheapest solution to avoid all those end of lease penalties and fees.

Get more help about your car lease ? - Click here to get more information in our car lease guide

Testimonials
"I went to my Lexus dealership to see if they would help me get a different car after my wife gave birth (Boy, 7.9oz). They wanted to roll all my remaining payments (23 months) into the payment of my new SUV. Instead of wasting over $12,000.00 I was able to find someone through LeaseTrader to take over my Lease and I didn’t have to pay off any portion of my Lease"
Steve M. (CA)
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