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Car Lease Penalties

2015 Smart Fortwo Passion Coupe LT 266631
2015 Smart Lease Location: San Francisco, California
Category: Compact
Exterior color: White
14 month lease
$90.00 lease payment
Fuel efficiency: 31 city, 41 hwy
2016 Chevrolet Cruze LS LT 278521
2016 Chevrolet Lease Location: San Francisco, California
Category: Compact
Exterior color: Black
17 month lease
$94.74 lease payment
Fuel efficiency: 24 city, 36 hwy
2016 Ford Fusion SE LT 280960
2016 Ford Lease Location: Antelope, California
Category: Sedan
Exterior color: Charcoal
17 month lease
$125.00 lease payment
Fuel efficiency: 24 city, 32 hwy
2016 Toyota Corolla S LT 277869
2016 Toyota Lease Location: Tracy, California
Category: Sedan
Exterior color: White
24 month lease
$165.00 lease payment
Fuel efficiency: 29 city, 38 hwy
2016 Toyota Prius c Two LT 276045
2016 Toyota Lease Location: San Francisco, California
Category: Compact
Exterior color: Graphite
16 month lease
$172.00 lease payment
Fuel efficiency: 53 city, 46 hwy
2016 Toyota Corolla LE LT 280700
2016 Toyota Lease Location: La Puente, California
Category: Sedan
Exterior color: Gray
12 month lease
$174.00 lease payment
Fuel efficiency: 29 city, 38 hwy
2015 Toyota Corolla L LT 272773
2015 Toyota Lease Location: San Jose, California
Category: Sedan
Exterior color: Gray
32 month lease
$184.00 lease payment
Fuel efficiency: 30 city, 42 hwy
2017 Chevrolet Cruze LS LT 278719
2017 Chevrolet Lease Location: Delray Beach, Florida
Category: Compact
Exterior color: Silver
26 month lease
$192.55 lease payment
Fuel efficiency: 24 city, 36 hwy
2016 Buick Encore Base SUV LT 279204
2016 Buick Lease Location: Boca Raton, Florida
Category: SUV
Exterior color: White
17 month lease
$198.17 lease payment
Fuel efficiency: 25 city, 33 hwy
2015 BMW X1 xDrive28i LT 244592
2015 BMW Lease Location: Nevada City, California
Category: SUV
Exterior color: Gray
11 month lease
$239.94 lease payment
Fuel efficiency: 22 city, 33 hwy
2015 Nissan Rogue SV LT 273030
2015 Nissan Lease Location: Willoughby, Ohio
Category: SUV
Exterior color: Black
11 month lease
$240.83 lease payment
Fuel efficiency: 26 city, 33 hwy
2016 Toyota Camry LE LT 257388
2016 Toyota Lease Location: Millersport, Ohio
Category: Sedan
Exterior color: Silver
13 month lease
$250.79 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
11 month lease
$140.85 lease payment
Fuel efficiency: city, hwy
2016 Ford Fusion SE LT 278764
2016 Ford Lease Location: Atlantic Highlands, New Jersey
Category: Sedan
Exterior color: Gold
11 month lease
$274.75 lease payment
Fuel efficiency: 24 city, 32 hwy
2015 Ford Focus SE LT 270893
2015 Ford Lease Location: Congress, Arizona
Category: Sedan
Exterior color: Graphite
13 month lease
$287.00 lease payment
Fuel efficiency: 35 city, 40 hwy
2015 BMW i3 REX Electric LT 281237
2015 BMW Lease Location: Emeryville, California
Category: Compact
Exterior color: White
9 month lease
$297.94 lease payment
Fuel efficiency: 137 city, 111 hwy
2017 BMW i3 94 Ah with Range Extender LT 275493
2017 BMW Lease Location: Winters, California
Category: Compact
Exterior color: White
27 month lease
$299.00 lease payment
Fuel efficiency: 137 city, 111 hwy
2015 BMW 328i xDrive LT 281604
2015 BMW Lease Location: Waterloo, Iowa
Category: Sedan
Exterior color: White
9 month lease
$301.17 lease payment
Fuel efficiency: 22 city, 33 hwy
2016 Ford Escape SE LT 244826
2016 Ford Lease Location: Marysville, Michigan
Category: SUV
Exterior color: Burgundy
6 month lease
$312.00 lease payment
Fuel efficiency: 23 city, 31 hwy
2015 Chevrolet Camaro 2SS LT 262548
2015 Chevrolet Lease Location: Miami, Florida
Category: Coupe
Exterior color: Gray
14 month lease
$331.82 lease payment
Fuel efficiency: 16 city, 24 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

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