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Car Lease Penalties

2015 MINI Cooper S Hardtop 4 Door LT 285235
2015 MINI Lease Location: Tigard, Oregon
Category: Compact
Exterior color: Red
6 month lease
$54.00 lease payment
Fuel efficiency: 26 city, 34 hwy
2016 Audi A3 Premium 2.0 TFSI LT 286775
2016 Audi Lease Location: San Francisco, California
Category: Sedan
Exterior color: Silver
12 month lease
$91.22 lease payment
Fuel efficiency: 24 city, 33 hwy
2017 Chevrolet Cruze LT LT 286784
2017 Chevrolet Lease Location: Corona, California
Category: Compact
Exterior color: Other
14 month lease
$128.97 lease payment
Fuel efficiency: 26 city, 36 hwy
2015 Nissan Altima 2.5 LT 278494
2015 Nissan Lease Location: Salt Lake City, Utah
Category: Sedan
Exterior color: Dark Blue
7 month lease
$147.90 lease payment
Fuel efficiency: 27 city, 39 hwy
2017 Toyota Corolla iM Hatchback LT 284657
2017 Toyota Lease Location: Normandy Park, Washington
Category: Hatchback
Exterior color: White
26 month lease
$148.63 lease payment
Fuel efficiency: 30 city, 42 hwy
2016 Toyota Corolla LE LT 275696
2016 Toyota Lease Location: Shrewsbury, Massachusetts
Category: Sedan
Exterior color: Black
15 month lease
$155.39 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
28 month lease
$184.00 lease payment
Fuel efficiency: 30 city, 42 hwy
2016 Ford Fusion SE LT 292003
2016 Ford Lease Location: Bangor, Maine
Category: Sedan
Exterior color: Red
13 month lease
$187.78 lease payment
Fuel efficiency: 24 city, 32 hwy
2017 Honda Civic EX LT 285141
2017 Honda Lease Location: Fort Lauderdale, Florida
Category: Sedan
Exterior color: Gray
24 month lease
$199.99 lease payment
Fuel efficiency: 30 city, 34 hwy
2016 Volkswagen e-Golf 4-Door LT 291399
2016 Volkswagen Lease Location: Hermosa Beach, California
Category: Hatchback
Exterior color: Dark Blue
12 month lease
$206.33 lease payment
Fuel efficiency: 126 city, 105 hwy
2017 GMC Terrain SLE1 LT 290263
2017 GMC Lease Location: Fort Lauderdale, Florida
Category: SUV
Exterior color: Black
37 month lease
$209.00 lease payment
Fuel efficiency: 22 city, 32 hwy
2015 Mitsubishi Outlander Sport ES LT 277124
2015 Mitsubishi Lease Location: Northvale, New Jersey
Category: Compact
Exterior color: White
16 month lease
$218.67 lease payment
Fuel efficiency: city, hwy
2017 Nissan Altima 2.5 S LT 288996
2017 Nissan Lease Location: Medina, Ohio
Category: Sedan
Exterior color: Black
25 month lease
$219.17 lease payment
Fuel efficiency: 27 city, 39 hwy
2015 Mini Cooper S Hardtop LT 286883
2015 MINI Lease Location: Boston, Massachusetts
Category: Compact
Exterior color: Electric Blue
9 month lease
$249.57 lease payment
Fuel efficiency: 26 city, 34 hwy
2015 Toyota Sienna LE LT 289076
2015 Toyota Lease Location: Burlington Township, New Jersey
Category: Minivan
Exterior color: Red
11 month lease
$275.98 lease payment
Fuel efficiency: 19 city, 24 hwy
2016 Buick Encore Base SUV LT 279204
2016 Buick Lease Location: Boca Raton, Florida
Category: SUV
Exterior color: White
13 month lease
$281.50 lease payment
Fuel efficiency: 25 city, 33 hwy
2015 Ford Focus SE LT 270893
2015 Ford Lease Location: Congress, Arizona
Category: Sedan
Exterior color: Graphite
9 month lease
$287.00 lease payment
Fuel efficiency: 35 city, 40 hwy
2016 Lexus IS 300 F Sport LT 283375
2016 Lexus Lease Location: Grand Rapids, Michigan
Category: Sedan
Exterior color: Platinum
14 month lease
$294.67 lease payment
Fuel efficiency: 19 city, 26 hwy
2017 BMW i3 94 Ah with Range Extender LT 275493
2017 BMW Lease Location: Winters, California
Category: Compact
Exterior color: White
23 month lease
$299.00 lease payment
Fuel efficiency: 137 city, 111 hwy
2017 Ford Escape S LT 283222
2017 Ford Lease Location: Carlsbad, California
Category: SUV
Exterior color: Pewter
22 month lease
$299.96 lease payment
Fuel efficiency: 22 city, 31 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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